azda71

azda71

I posted a chart in Sept 2023 about a potential scenario of bitcoin hitting $56k, this is when it was trading at $25k. Now on the weekly I've spotted a similar potential of a cup and handle. There is no handle as yet. The ETF money that's flowing into bitcoin right now could just drive this up without the handle, or we could drop back some to form a handle, as...

azda71

Using the Wyckoff schematic attached into the chart I'm watching for any distribution around here. This is for now theory as it's looking very much like it, but we'll see. Just a cautionary heads up for now......

azda71 Updated 

Been toying around with this pattern, its hit some targets, can it hit $56K? Watching.........

azda71 Updated 

I don't usually do memecoins but PEPE might have formed or forming a cup and handle here. Keeping an eye on this one......

azda71 Updated 

Last btc halving was 11th May 2020. I've added 2 vertical lines, first line is what happened in Feb 2020, a 63% drop pre-halving, now I'm not saying we are going to drop that much, but what I am saying is that its time to be careful around this area. No one knows what will happen now that the hedge funds are invested, but nothing is going to go up in a straight...

azda71 Updated 

I'm longterm bullish on BEAMX, a deflationary token that the team are buying back and burning out of existence. At this point it looks like it might want another leg up soon. I'm a spot buyer of this for the next bullrun, but I'll leave you with this formation.

azda71 Updated 

After a 62.45% drop it looks like BAKE may have finally found its bottom (caution before we go further) SEC news on the BTC ETFs is 2 days away from posting this, there could be some violent swings. $1.25 would be the technical target, but as with my SOL chart, we could overshoot if the ETFs are approved, or it may take more time to develop, or we could dump hard...

azda71 Updated 

A buddy of mine on a discord channel mentioned MASK 3 day and thought it was brewing something, so I've taken a quick Look and came up with this chart. Possible $5 target, I've taken a long after a bit of a flush this morning (26.12.2023) A few of my other charts have been working out pretty well, I think my success rate is about 50/50 or 60/40 so far. For the...

azda71 Updated 

Posted a W bottom yesterday which I thought had formed, but now after looking at the 10 day it looks to me that ARB has another leg down, whether its from here or a little further up we'll have to wait and see. Bear in mind that each candle is 10 days, it should take around 8 weeks to resolve

azda71 Updated 

NEAR has formed a cup along with a handle. The handle has dropped 14.91% and has moved back up, now it must break the rim of the cup to push on. Target is on the chart of roughly $5.9 area

azda71 Updated 

Looks like a cup and handle pattern with the handle probably printed with a 6.xx% drop. Take a look......

azda71 Updated 

Just took a quick glance at ICP, seems like it might want to have a little pump soon. I'll be looking for a low leverage long here very soon. Take care, CPI is today in America, I'd suggest low leverage if you're using leverage.

azda71

Previously I posted about KAS being in a Wyckoff accumulation. I now think we have our boundaries of the accumulation at the next stage which is re-accumulation. Boundary is between 0.115 and 0.1465 and we should bounce around here until the next breakout. Date range is also added, but I don't think the range from the first accumulation to the next will be as...

azda71 Updated 

Noticed this one yesterday, initially looked like a rectangle, but started to draw the cup around the candles. Its one for the watch list, measuered move of the cup is 0,3188, but can also go higher as we've seen with the recent SOL move. Price right now is low, so if you're not a trader, then some spot exposure isn't a bad idea.

azda71 Updated 

Circled is where I've pulled this fractal from and added the bars

azda71 Updated 

Personally holding spot KAS, but as you can see it's in a bullish ascending triangle, next stop, 0,18?

azda71

Obviously people are bullish on bitcoin with ETFs a near certainty. This is just something I looked at last night, please don't go and put the mortgage on it, this is theory from my part. Possible cup in the making (could also be a rectangle) but I'll stick with a cup for now. Handle isn't formed (as yet) if it does start to form from the rim of the cup then a...

azda71 Updated 

Having a look at the chart, seems likes it curving. If you think of it like a clock face, we're virtually at near 12 o'clock, still think it has room to run a little, above 0,01, but might ultimately fall back to 0,0045. I've added a date range to where I think think the heaviest drop will be at (it can go deeper) this is just my perspective, but the date also...