So far, the total crypto marketcap has added over $200 billion since the low was put in hours ago! These are early signs of the dip being over after such volume reentered very quickly to scoop up the low prices. Also, the crypto total marketcap retest its previous 2021 ATH as new support. Macro old resistance being flipped into new support like that is a very...
With the recent market collapse across the board on the altcoins showing the most strength is surprisingly XRP. While most altcoins have dropped significantly and created lower lows with the second dump that occurred, XRP has not. XRP has also retested that 2021 ATH (purple line) as old resistance flipped into new support and has held it for a second time....
This dump has been brutal, but the crypto market might be seeing the first major signs of a potential recovery. If you look to the past dump after the liquidation cascade, we printed 6H railroad tracks before pumping 30-40% across the board and creating a lower high before this drawdown. Railroad tracks occur when price is either pumping or dumping...
Right now ETH is testing an extremely important level, so I wanted to make this post in real time to inform you. Please review our last ETH post where I pointed out if we were to have a breakdown to watch this white trendline. Of course the breakdown did occur and price has fallen exactly to our white trendline. This is happening in real time so this is only...
Our post on SEI from December 8th, we were monitoring a breakdown and retest from its triangle pattern. In that post, I said I would make a follow up once the breakdown target is reached and here we are! Also, Here is a link to that previous prediction: Our measured move breakdown target was $0.44-$0.45. Price is a little lower than that now but the first...
Wanted to take one more look at the DOGE prediction on the lowertimeframe (12H) that we made exactly one week ago. After seeing price breakdown from the rising wedge pattern, price quickly rose to retest our green trendline. This green trendline acted as a level of support all the way to the upside and once old support is broken, it is usually flipped into a...
Just wanted to revisit our prediction from Dec 8th so that traders can continue to improve and understand how to read charts. When I made this post most people were still extremely bullish and expecting a bull flag to propel Dogecoin to the upside. We were in the same camp until we started to identify some warning signs for on the daily time frame. I am here to...
Clearly we see the 0.618 (predicted level) around $4,100 is the most important level of this trend. Please review these two previous posts regarding this level for more information. No after a second rejection at this level we are looking for levels of support. Right now, the $3,500 is the most important level to hold. If we lost that level the next major area...
It seems BTC is forming some sort of parallel channel with a series of higher lows (being supported by the 50 ma on 12H) and a series of higher highs. Therefore, with the recent dump, BTC is still in its uptrend. But, if we lose the bottom of the channel/50ma on 12H, BTC will start its first major correction of the cycle.
Sei is also at an important level. Looking at the 8H chart price is trying to from support. Price is currently being supported by the 8H 200 ma, price has created an 8H doji the could signal a reversal to the upside, price is being supported by the 0.618 golden ratio around the psychological $0.50 level, and the RSI could be forming a slight bullish divergence if...
Quickly wanted to provide the important trendlines for PEPE. After the breakout to the upside we saw one successful retest that was outlined in this post: Also focus on our green trendline. It acted as a level of support for most of the uptrend, the price had a breakdown, retested it twice as new resistance, and we have seen price fall ever since. Now with...
Please Refer to our previous post: After we broke the previous high on the line chart we drew a yellow line at $202 and said long any retests of this line. On the altcoin flash crash, SOL perfectly retested our yellow line and is up almost 15% from the retest! Now we can see price has been squeezing in between a falling wedge pattern. Right now SOL is testing...
Here is an update to our last post: In our last post we were pointing out the importance of the 0.618 golden Fibonacci level. Today, we saw price wick down once more too it and buyers stepped in big time. As you can see, a massive wick formed after touching the 0.618 and continuation to the upside looks likely.
Looking at PEPE's weekly RSI price could be gearing up for another massive leg to the upside. Taking a look at the weekly RSI we are watching for a bounce from the 70 level (green arrows). If strength can bounce off of overbought conditions, we could see a "euphoria" leg for PEPE.
Here is an update to our last post. After more market structure has developed, XRP looks to be positioning itself well. The pattern we outlined has recently broke to the upside. After testing the 0.236 as sell pressure, price revisited our white trendline and it looks like we flipped that level into new support. If we can start seeing 4H candles close above...
Xrp is gearing up for another big move! Right now the move looks more likely to the downside than the upside, but I want to provide you with both scenarios. First the downside scenario. Looking at the 12H chart we are fighting to reclaim the 21 MA (pink MA). If price cannot reclaim this level then that will be a sign of resistance and we will fall lower. Price...
Just wanted to briefly show this trendline as ETH is currently battling it. This is a lower time frame pattern (1H) so may not be as significant, but if we see a selloff begin from here it could lead to one more massive drop. The reason why is this trendline supported us all the way up during our last rally to EUROTLX:4K , the price broke below it, flipped it...
Please refer to our previous post. After calling the rising wedge pattern DOGE did breakdown. Now price has rebounded and we are currently testing our green line again. However, at the current point in time we cannot confirm that that liquidation hunt was the bottom. There are a few warning signs that have developed that are crucial to watch over the next few...