mycotoxin

mycotoxin Jun 30

On the Monthly chart XLM is forming a long-term bullish ascending triangle pattern with a first major target of $5.70. The chart shows the ascending pattern has been forming since 2018, which makes this a long-term play for patient traders. The ascending triangle pattern is a bullish formation identified by 3 or more previous resistance levels that form a flat...

mycotoxin Updated  Jun 12

Monthly shows BTC is in a Bullish Ascending channel confirmed by the higher lows and higher highs and the resistance/Support bands at the sides of the channel. The expected behavior should be a move to the top of the channel. The target for the move upwards should lie between the 150k to 160K zone . Note: should BTC fall out of the Ascending channel...

mycotoxin Dec 9, 2024

If the wyckoff methodology is applied then BCH is at the final stage of exiting the accumulation trading range . The accumulation trading range is the area between 529 and 89. BCH Whale Accumulation has taken place in this range from 2018 to 2025 and bags are filled. ' Phase E ' is the breakout phase in the wyckoff methodology and Im expecting a huge...

mycotoxin Oct 29, 2024

BCHBTC appears to be exiting a Wyckoff accumulation pattern of a Descending wedge. Currently BCHBTC appears to be on Wyckoff Phase E Wyckoff Phase E is where price attempts to break out of the top of the range In the current BCHBTC setup the top of the range is close the area on the graph marked 'Target' Hence I'm expecting BCHBTC to target close to...

mycotoxin Dec 7, 2023

The current BTC volume and RSI setup looks very intriguing and matches the characteristics of one of the following patterns below a) Falling Broadening wedge b) Right Angled Broadening wedge My analysis would suggest that depending on the corresponding wedge pattern chosen ( i.e either pattern 'a' or pattern 'b') BTC may experience a capitulation and move back...

mycotoxin Nov 13, 2023

The target for the head and shoulders as detailed in the Oct 3rd chart below is $38k, and It looks to me that the target has been reached. Perhaps BTC can push slightly higher to just above 38K; however my thought is to proceed with caution at this current zone as there could be a pullback.

mycotoxin Updated  Nov 7, 2023

Alts are here to Stay !! Hence better scoop up some favorite projects for the long haul while they're bargain priced .

mycotoxin Nov 7, 2023

Ascending triangle with target at 84.00. Note this is not a requirement however its been observed that occasionally the ascending triangle will often come back down and test the breakout point . In the current setup the breakout area is situated at 28. Should the breakout area be retested we can observe movement back to the 28.00 area before the uptrend...

mycotoxin Oct 3, 2023

This looks like a head and shoulders reversal to the upside with a target of 38k

mycotoxin Updated  Aug 23, 2023

On the 3 week chart when the candles are switched off and only the MA13/30 crossover remains it acts a predictor of bullish movement . For example a look a the areas marked 'A' and 'B' show that when the MA13 ( White line) crosses over the MA30 (blue line) there is a bull run. when the candles are enabled the graph looks like this what could this mean...

mycotoxin Updated  Aug 23, 2023

if this is a price distribution and price is going to continue to lower then id expect one more test in the trading range before BTC heads lower lower. The trading range is the area between 30822 and 25571 and I suspect BTC is going to attempt to reach the middle of the range which is the area around 28079. If the test is unsuccessful and BTC fails to...

mycotoxin Aug 22, 2023

The support at 25100 is an area of strong support. If BTC is to experience a bounce near-term this area is where id expect the bounce to take place. if BTC successfully bounces at 25100 the next challenge is to close above the MA200 on the daily which sits at 27400 . A safe plan is probably to wait for a close above the MA200 at 27400 before entering a long...

mycotoxin Aug 17, 2023

This could be a a beartrap playing out ? Why ? -------- Because the target for the Ascending Expanding Wedge is the distance measure between points A and B on the chart . This target distance should be the area between 28200 and 27924; Hence I would expect BTC should bounce here or at the maximum at the 27924 area. What if BTC cant bounce here at the...

mycotoxin Updated  Aug 14, 2023

The target for an 'ascending Expanding wedge" is the distance from highest point inside the pattern to the lowest point. in this case this measurement will give a target of 28261. However BTC has only hit 28600.....so what gives ? One explanation could be because if we turn on the Daily moving averages it shows BTC bounced at the MA150 which acted as...

mycotoxin Jul 21, 2023

if the wyckoff phases are applied then LTC appears to be in phase C and the next move up should be to test the AR (Automatic Reaction ) area at around the 140 to 150 zone

mycotoxin Updated  Jul 17, 2023

looks to me like an ascending expanding wedge with with a possible move to 28k

mycotoxin Jun 30, 2023

July 4th falls on a Tuesday next week and most US financial institutions may take half of next week off to celebrate the US Independence day. This could result in a move lower to the 28k or 27k area before price recovers...something similar to the ideas explained in the chart below

mycotoxin Jun 26, 2023

XLM has formed a ascending triangle and appears to be targeting the top of the range once more at .1169 A break above and successful retest of the top at .1169 will open a path for further movement to .199