MarkStPeter

MarkStPeter

Hello Traders, We have some key areas of support that haven't been touched in a long time. One thing about markets is that they like to balance themselves out by touching all areas at some point. I believe that point will be in the $1700-$1400 price range. Key areas I'm watching are the bottom trendline of the BB, 100 EMA, 50 SMMA on the weekly timeframe. We...

MarkStPeter

Hello Traders, Ethereum looks to have formed what I call a mini-cloud-bank patter. Why, Mini? Because generally speaking Cloud Bank patterns take anywhere from months to years to form, which are followed by a steep 40-60% drop-off with a "V" shape recovery. Clouds usually form during or right before a Bear Market, then take a massive plunge to start a...

MarkStPeter

Hello Traders, Cardano is doing everything she can at the moment to break resistance above $2.30-$2.40. Breaking above the $2.36 & closing above would in my eyes, signify a potential move up to the $2.50-$2.75 range, before hitting another set of resistance. The market as a whole right now has had a sentiment shift for the better, but as always, it's fickle, so...

MarkStPeter

Hello Traders, Sushi looks to be forming a Broadening Top pattern with an inverse Head & Shoulders pattern. Sushi is currently down about 5% on the 24 hr time-frame. Still hasn't gotten its time to shine just yet this Bull Run. I expect to see some big things from Sushi over the next month. Good luck!

MarkStPeter

Hello Traders, Setting up a chart for the next couple of weeks, I believe we are in the process of currently forming a falling wedge pattern on the daily. We have strong support in the $3300 - $3000 range. A lot of buying pressure is sitting down there, just waiting. On-chain metrics have been showing strong whale purchases over the last couple of months, with...

MarkStPeter

Hello Traders, Audio... looks to be running into massive sell pressure, which should force it to breakdown to the $1.7 range +/-. Though, if we get another explosion of buying happening we could possibly break upwards but over the short-term, I don't see this happening. If you bought Audio a while back and you're in a good position, this may not mean a lot to...

MarkStPeter

Hello Traders, Take a look at the chart for my perfect scenario if/ when it plays out. If all else fails, move to a Tax-free island. Good luck!

MarkStPeter

Hello Traders, I wanted to share a potential outlook and a scenario I've been playing with. Take care.

MarkStPeter

BTCUSD

MarkStPeter

Hello Traders, Heres a personal one. Lets see what happens.

MarkStPeter

Hi Traders, Chart is still showing some mixed signals. ATM, things are still a little unclear with the Holiday weekend in full swing. On-chain metrics are pretty calm ATM, though more data is showing BTC addresses sending their coins to exchanges, rather than pulling off exchanges to hold in cold wallets. Take a look at the chart and let me know what your...

MarkStPeter

Hello Traders, Like most of the market, we are awaiting a continued confirmation of an uptrend. In the meanwhile, it seems to be fruitful to follow the events and/ or upcoming upgrades. Though not all of the apples fall from the same tree, as some events go unnoticed, so it may serve you well, to follow the more common and well known projects. Yes, they may...

MarkStPeter

Hello Traders, Looks to be an opportunity in ERN ATM. Market is very very risky right now, trade with caution. ERN bounced off the bottom trendline of the channel. Keeping a tight sl right under the MA200 Taking profits half way up around the MA50. Selling majority at the top trendline. Not financial advice. Good luck!

MarkStPeter

Hello Traders, Please find an analysis of what I believe we will see this summer moving into fall. My tune may change as this progresses but ATM, the writing is on the wall. We have a lot of fundamental hurdles to get through over the next couple of months, and in response to this, we should see an extended period of chop before breaking the upper trendline, to...

MarkStPeter

Personal use, mapping out some thoughts.

MarkStPeter

Hello Traders, May have found a bullish sign on the 4-hour chart. Looks to be forming a descending broadening wedge. This should finish forming as the weekend comes and passes, Monday looking for a breakout to the upside, depending on a number of fundamental factors. But based on the chart, if we can break above the trendline going into Sunday late evening and...

MarkStPeter

Hello Traders, Take a moment to look at $GRT. #TheGraph has been n a sideways motion for some time now and has been accumulating. You can see within the accumulation channel that the price action has started to narrow and the pressure seems to be tightening the up/ down movements to less volatility. If the price can continue to form the inverse Head and...

MarkStPeter Updated 

Hello Traders, You can see from the chart that it looks like 1Inch is getting ready to finish forming a cup and handle pattern on the daily chart. If we experience a small pullback today and tomorrow, it could help finish the handle part of the pattern, and then we could see a break upwards. Here’s another chart I put together last night with a little more...