Se7enSkies

Se7enSkies

Using a trendline on the close of the weekly candles we can see a clear breakout. While price has broken out of the downtrend line, price is facing residence exactly at the previous high and a giant bearish weekly candle is printing. I’m 50/50 right now. This weekly candle can be the beginning of a very ugly bear market, but at the same time we cannot neglect the...

Se7enSkies

What you see in this chart is 2 resistance levels that are acting as support now. For this bull run to continue price needs to hold above the blue support level. It is also possible for the price to pull back to the red support level, but I would say it is improbable given the two 4H candle printed on the newly established blue support level. This chart also is...

Se7enSkies

Before explaining this chart I would like to ask whoever is looking at it to zoom in and study all data points (price reactions) touching and crossing the parallel lines. Parallelism is one of the most simple things in math that we learn in elementary school, but the impact of parallelism on human life has been underscored. By looking at the lines the first time,...

Se7enSkies

There are kids on trading view claiming with absolute certainty that ETH is bearish. They may be right, but only after breaking down below the support level, which price has held onto pretty good so far. A wise man once said: sell the resistance, buy the support. There are people on this app spreading propaganda to convince you to sell when price is playing with...

Se7enSkies

The pink level used to be resistance. Now it’s our support level and it has held pretty good so far. Going below this pink level is the danger zone, but so far so good. As long as price holds above this level, the market remains bullish. It is not rocket science and you don’t need to bombard the chart with lines and numbers.

Se7enSkies

I don’t like posting on trading view anymore since it is infested with illiterates sharing their charts. Look at the break out. Look how previous resistance has turned into support and then go teach your uneducated crypto gurus about break outs and breakdowns. The chart speaks for Itself.

Se7enSkies

I will not be bullish on btc unless I see a clear breakout of this pattern with a healthy retest. I think 85k is writhing reach once price breaks out of this structure. Failing to break above this resistance level is gonna be painful so bulls better pray to God price breaks out this time.

Se7enSkies

This simple line (58%) used to act as a major support for BTC Dominance in 2019 and 2020. Since breaking below this support level dominance has not been able to reach this level until now. A major reversal is possible around 58% level since this old support can potentially act as a major resistance level for this cycle. Only time will tell what is to come and I...

Se7enSkies

It’s only downhill from here for BTC dominance. My BTC.D target for this cycle is 29% - 31%

Se7enSkies

At the time of sharing this post XLM is up by 7% and XRP is up by 23%. Yet again XLM is proving that it only exists to be XRP’s bitch and nothing more.

Se7enSkies

I think a scenario like this one is possible for XLM against BTC. This idea is pure speculation and there is no evidence to back up such price action.

Se7enSkies

I’m gonna trade XLM purely based on this piece of Hopium. Sell target is 40-45 cents. After that XLM will go back to 20-25 cents. These are pure speculation and guesswork. This is not an analysis.

Se7enSkies

The chart clearly has the potential to reach 0.68 XLM for every XRP, which means if XRP reaches $28 by the end of the cycle, XLM can be around $19. I don’t think this chart will ever make a higher high and it will continue to make lower highs, but this cycle even a lower high to 0.68 is means XLM will outperform XPR by a great margin. Will it happen? I don’t know....

Se7enSkies

A real bull market starts when XLM breaks above this ascending triangle. Right now it’s trading below the triangle and the support has broken and can be seen that it is acting as resistance now.

Se7enSkies

Closing about this trend line is crucial for the bulls to take control. Hitting the green resistance level is going to be even better. I’m thinking we will see price hit the green resistance level and then a pullback for a retest.

Se7enSkies

Price is mingling with the daily support level shown in pink or red or whatever it is. If we break below this support level, we will visit the green support area. I hope we bounce from the pink support zone, but for now I sit and watch.

Se7enSkies

The pink area you see here used to be support. It’s acting as resistance now. We may break above it or not, but for now price has rejected this level, and closing below this level is not going to be very good news. You are seeing many crypto scammers on trading view calling for explosive bullish moves for this asset. The same people who were calling for alt season...

Se7enSkies

Price is struggling against an important resistance trend line. As long as we stay below this line, downtrend will continue. Only hope for any type of bullish reversal is for price to close above this resistance trendline and manages a successful retest. In other words, the downtrend does not end until we surpass this level and stay above it.