With BTC dominance being that low, I don't see how ETH can break this resistance IF BTC starts raging — either up or down. And that being the case what's next? What do you think? --- Follow me on Twitter for more ideas.
Areas I'm looking to add Solana IF market goes to s#*t. Piercing and holding above red boxes means this idea gets very unlikely to happen. --- Follow me on Twitter for more ideas.
Multiyear range (since ~2014) on DXY and Bitcoin price. The mid range and high on DXY are good levels to pay attention to if it keeps pushing higher.
"Look If you had One shot Or one opportunity To seize everything you ever wanted In one moment Would you capture it Or just let it slip?" — Eminem There is just 1 Million LINK left on 1 of the 6 publicly known Chainlink team wallets: 0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db We're 1 week away from the day (March 12th) when this wallet is emptied-out. After...
Some people are thrilled with XAUEUR having touched the Weekly RSI 30 and interpreting this as a possible bottom and an amazing opportunity for long. I refrain myself from saying otherwise, but at the very least I prefer being more cautious here. Gold hasn't been behaving as one would expect considering everything (e.g., money printing, inflation, fear). So I'd...
Look for a bounce at Fib .618 and RSI 50 (blue horizontal lines) and the 20MA/21EMA band for bullish reversal confirmation inside this multi-month ascending channel. NB. If this goes south, I'd look for any decisive move past 0.0315 to invalidate this idea — at the least for the short-term. This is a follow up on these ideas March looking promising for...
On ETH/USD (on the left) it looks like it might be bouncing on the previous ATH which is now acting as support. On ETH/BTC (on the right) it has met the bottom of the channel, it has pierced through the 4H 20MA/21EMA, and let's see if it can conquer RSI levels above 50 (green band) and stay there for awhile. March looking promising.
It looks like ETH is bouncing again on the bottom of the multimonth ascending channel. Since February 5th, ETH has been rejected on the 4H 20MA/21EMA and RSI 50. It is giving it another try right now. Will it succeed?
There is approximately 4 Million LINK left on 1 of 6 publicly known Chainlink team wallets: 0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db Four days ago, 1.5 Million LINK were transferred out. One week before that other 1.5 Million. And two weeks before that too. To put it simply, we’re 3 weeks away from emptying this wallet. Ok but, what does that mean? Token...
There is approximately 4 Million LINK left on 1 of 6 publicly known Chainlink team wallets: 0xf37c348b7d19b17b29cd5cfa64cfa48e2d6eb8db Four days ago, 1.5 Million LINK were transferred out. One week before that other 1.5 Million. And two weeks before that too. To put it simply, we’re 3 weeks away from emptying this wallet. Ok but, what does that mean? Token...
The price is being rejected again on the 4 hour 20 MA / 21 EMA and on the RSI 50. The blue horizontal channel is a weekly resistance which flipped to support and now is acting as resistance... again. We need to pierce through this if we want to dream with higher levels. As expected BTC kicked this down pretty easily. Few minutes to close this candle. Let's see...
The price keeps being rejected on the 4 hour 20 MA / 21 EMA and on the RSI 50. On the other hand, we have been holding on an important resistance and a bullish divergence has formed. The blue horizontal channel represents a ~3 year resistance which flipped to support. For the time being, and as long as we keep above/inside this − and we have for some time now −...
Let's say that before going to 50k USD − which is what everybody is expecting − we'd visit the smaller green box (.618), or worst the bigger one (1.618). This hypothesis could be short lived because we can easily, in the next couple of hours, shoot to 50k USD. But the question remains. I'm honestly curious to know your opinion on how you would interpret such a...
That's it! Not an analysis. Just a joke. The rocket is reusable, so no worries. Buckle up!
Do you know the "American Gothic" painting. You know,... that painting with an old couple, house on the back, and the man wearing overalls, jacket, and carrying a pitchfork?! Yeah, that one! Well,... this is about pitchforks, more specifically, pitchfork indicator. This is the ETHBTC pair with the exactly same pitchfork for the price action until June 2018 and...
In my opinion, is all a matter if ETH can close the week above the ascending channel and the 200 week moving average. The 200 week moving average is currently acting as resistance and breaking through it might depend a lot in the ability of BTC keeping a low volatility for the time being. ETH has been inside the ascending channel for quite some time now and...
Historically, LINKBTC comes right back to the bottom of this pitchfork on corrections and it is entering this zone right now. Nearing the 200-day MA which historically hugs the bottom of the correction (pitchfork) Fib. 0.786 around the same level and a move to this level wouldn't be unprecedented RSI is already @ 30 and for the price to go lower it would...
Bitcoin keeps on the path for the bull market. Price is still inside ascending channel and above 20 week moving average. After this quick run up, will we start move sideways between 13k and 14k range for 1 month? With the US election coming and the stock market moving down, one could argue that it is unlikely for Bitcoin not to make a substantial move sooner. And...