They say history doesn’t repeat itself, but it often rhymes. Just like in the previous update on Bitcoin dominance (BTC.D), it rejected the 0.702 level as anticipated. This rejection sparked notable activity in the altcoin market, aligning with historical patterns. Here’s the current setup: • The weekly chart RSI has broken down from its uptrend. • Bitcoin...
The recent weekly close of ETH/BTC above the 0.702 Fibonacci retracement level is a significant bullish indicator. Here's why: Morning Star Pattern: The formation of a "Morning Star" candlestick pattern on the weekly chart suggests a potential reversal of the prior downtrend. This pattern typically occurs after a period of declining prices and signals rising...
Ethereum is showing strong signs of an impending price surge! Breaking Resistance: A strong daily close above $3,500 could signal a major breakout for Ethereum, similar to Bitcoin's recent all-time high. Historically Bullish Period: December and January have traditionally been good months for ETH, further supporting the bullish outlook. ETH/BTC Chart: The...
Matic looking ready for the next leg up. DO you see what i see :)
If you've been tracking my previous analysis, you'll notice that after the break above $50,400, a particular scenario unfolded, leading us to our current position. Here are some key points to consider: In each cycle following Bitcoin's significant bottom, it tends to experience a 3x to 4x increase before undergoing a correction. Notably, with each...
"Bitcoin (BTC) is currently positioned for an upward push, with targets set at $48,000 and even as high as $50,440. This optimistic forecast is largely driven by the anticipation of ETF news. Historically, each Bitcoin cycle demonstrates a pattern: after reaching a bottom, Bitcoin typically recovers to the 0.786 Fibonacci retracement level. Following this...
Historical (2020): Pre-Bitcoin Halving Pump (January 7 - February 15, 2020): There was a significant increase in Bitcoin's value leading up to its halving event. Post-Pump Correction: Following this pump, the ETH/BTC pair corrected downwards until the actual Bitcoin halving event. Post-Halving Surge: After the Bitcoin halving, the market observed a...
The 1inch Network, a widely recognized decentralized exchange with millions of users, is well-known in the cryptocurrency community. Analyzing the 1INCH chart, we observe a clear pattern: initially an oscillation phase, followed by a downtrend, and now, importantly, a breakout from this downtrend line is evident, marked by strong momentum. Key Indicators: ...
In March 2020, Zcash (ZECUSD) experienced its all-time low. Fast forward to June 2023, Zcash marked another significant point in its history, reaching its lowest level since that all-time low, a noteworthy duration of 898 days. This recent low might signify the end of the consolidation phase, setting the stage for an upward movement to at least the mid-range. A...
Since reaching its lowest point in June 2022, AAVE has shown a consistent pattern of accumulation and range-bound trading, fluctuating between $107 and $48. This behavior indicates a strong setup for an upward trend. Reasons for a Bullish Outlook: The Relative Strength Index (RSI) on a weekly basis remains steadily above 50%, signaling strength in the market. The...
XRPBTC Since May 15, 2017, the top XRP bitcoin pair has been in a downtrend for over 1939 days with a clear trend line. today #XRP is breaking the multi-year trend in the #BTC pair. (not confirmed yet) as long Key support holds no panic( 0.0001570 weekly Base) Resistance levels(TP) 0.00002170 0.00002772 once this level is cleared then we can look for a higher...
DOTUSD If you're interested in USDT pair, the chart is very clean. Bottom at 0.702 fibs, which is bullish as long we respect daily 6.30$ follow the TPs on the charts
Vet/usdt looks promising here. after being mega oversold i'd expect us to have some nice relief rally. to retest at least the breakdown area. invalidation point 0.02650 cents. Resistance levels/ TP: 0.0425 0.0546 once these levels are claimed we can look for a higher target. Until then play these levels ( chart below) #Sell at resistance #Buy at...
Doge looks promising here Nice bullish divergence on daily while price is at key support. a bounce here looks imminent we can expect a retest back to the breakdown Area! ( 0.112 - 0.129) invalidation point 0.0760 <--- hold this and the above target will hit. remember chart is here to guide us whenever the market moves in any direction u will know what to do.
#LTC BTC pair and USD At historical support last time LTC touched this level u see what happen right? I am still LTC bull long term 1000+ LTC is still programmed if you have patience.
After the previous rally, FET is back to 0.382 Fibonacci level(0.4345) finding support here from the long term trend line date back since Corona crash 2020. this would give us a chance to scoop some. As long the 0.382 ($0.4345)fib level hold long term looks promising for FET! The next break out targets are $1.59 and $1.87 Invalidation Point: Break of 0.382 fibs...
Pretty Interesting chart... Stock Flow Model 2011: - TOP above Stock/Flow Model - Bear Market Bottom was the bottom of the Stock Flow Model(yellow Line) - Stock Flow Model Spikes to a new high and The next bull market begins - Once Stock Flow Model finds the next Top that's where mid-cycle correction happens. where BTC takes a bove and builds a base for the...
Chain Link OBV indicates bull Uptrend on the way. Whenever OBV Print New all-time high price tends to follow next. Zoomed in: I've circled the potential TP Invalidation point 19.90$ Previous Chain Link calls: