Our opinion on the market cap of alt-coins: Currently we are not seeing big volume in the crypto space, there are selective coins making higher highs but majority of the market is down in general. On balance of probabilities, the total market should drop by 75% to regain the energy and interest required to start a new price discovery mode. Our bias is short for...
Potential head and shoulder for ape with a target of $9 - We will be paying attention when price reaches these zones.
Median line analysis on Bitcoin 6h time frame. It is important to know where bitcoin is headed towards to make our decision on trading the alts. Notes: - Price has been respecting the blue modified schiff pitchfork, Currently we have the 200 daily moving average crossing path with the blue action line (the blue upper parallel line). This is an energy point and...
Key points: - Price has test and retest the lower parallel line (Price typically runs out of energy at the reaction line) - Price is in a range and needs to decide direction before we can make our trade decision. - Price is above the 200 moving average for over 60 days. - Overall on balance of probability, price should go higher from this point but we cannot...
Key points: - Change of behaviour, price has violated the down sloping line with a zoom and retest. - Price has broken above 200 daily moving average. - Price in an uptrend, once major swing high is violated we will have a confirmed major swing low.
A few key points: 1. Price has broken above `the PINK upper parallel line. 2. Price is above 200 moving average line. 3. Price has reached the BLUE median line . GREEN criteria: - Build support on the PINK upper parallel line. - Zoom through the BLUE median line . - Retest of 200 daily MA RED Criteria - The BLUE lower parallel line retest. - Resistance at...
DOT needs to break above first major swing high, once it does that we can look for entry at retest to previous structure. Trading is all about probabilities and DOT leaving the down sloping modified schiff pitchfork is a leading indicator that we could be reversing trends here. However I would wait for further confirmation before placing my bet. Good luck.
As you can see this coin has violated previous swing high and came back to retest precious resistance down sloping line. On balance of probabilities it has a high chance of retracing back to 50% from previous macro swing high. If you're interested in finding an entry that you can trust leave a comment.
From previous price action we can say this scenario is highly possible - if this goes to plan then we will have BTC breakout by Monday
Key points: - Change of behaviour (Higher highs and lows). - Volume breakout. - Price above median line. - Started the uptrend before BTC and ETH. Will ZEC outperform BTC & ETH? Highly possible. Good luck all.
ZEC has started a bullish trend way ahead of the big boys - Once we see a major pump in BTC I would reckon ZEC would perform even better then now. I would keep an eye out for a decent pull back to key levels and it should be onwards and upwards.
Wed 16.03.22 Update: Red down sloping modified schiff pitchfork is dominant and we have continued behaviour. Bulls need to break out of the red sloping action line.
Price action on weekly is still higher highs and higher lows - when we analyse the daily we can see on linear, price has left the red action line (upper parallel line) and now we have side way chop action. Although price has been bouncing we can see an increase in volume, not enough to breakout yet but we can expect to have an increase of volume very soon....