And every now and then we go back to basics... Notice the 16-Feb. session; The long upper wick or shadow is there to remove resistance. Normally, a long upper wick would be considered bearish but this is not the case here. When we add some context, the chart reveals the full picture. This session has really high volume, the highest on daily basis since November...
Beta Finance (BETAUSDT) hit a low 12-February and as soon as this low hit we have three weeks green. This is a major bullish signal. ➖ The trading volume is still low which means that the bulk of the bullish action is yet to come. ➖ This three weeks can turn into ten weeks green and massive growth as momentum builds up. We have a consolidation phase coming to an...
Stafi has been growing for more than three months straight; higher highs and higher lows after a major correction from the initial 2023 bullish wave. There is no change in trading volume in the last six months, yet prices continue to grow. Stafi (FISUSDT) is now trading above all long-term moving averages, EMA300, EMA200, MA200; Bulls confirmed. Volume will show...
In the past, the Cryptocurrency market would cycle through all pairs very fast and we would have tons of action all of the time. It would take 2-3 months between each bullish wave. Now it is different. It is much better now. Now it can take 6-9 months between each bullish wave but it is better because we get long-term growth and while some pairs go down, others...
Hello my fellow Cryptocurrency trader, I hope you are having a wonderful day. I shared a chart for you two months on a half ago on this same pair, FORBTC (ForTube). After more than two months, the chart stays the same and the bullish bias strong. This is always good because we know that consolidation is taking place. We can see some shakeouts of course, but...
If it is true that today will produce a lower high compared to early March, a trade setup becomes valid. 👉 This Dogecoin (DOGEUSDT) looks good for a SHORT. This is a high risk setup, experts only. Make sure to do your own research before trading. We will have two targets: ➖ 112% (0.15100 ➖ 208% (0.13000) Good luck and good profits. Namaste.
In a Bitcoin (BTCUSDT) short-term trade idea, I mentioned yesterday the fact that the action we were looking at was a "pull back" or "rebound," when prices retrace before the continuation of a move. The market moves together and it seems a marketwide correction is approaching. Dogecoin, as with Bitcoin and many others, produced two green days 20-21 March. This...
The same dynamics present on the LOOMUSDT chart are present here on LOOMBTC, the difference is in the potential and of course, Bitcoin vs Tether. Some people like BTC pairs (ALTSBTC) while others prefer USDT pairs (ALTSUSDT). People tend to levitate towards USDT pairs because it is easier to calculate, which means that experienced players will focus more on the...
Negative action can be a positive signal. This is based on the fact that we know the Cryptocurrency to be a newly developing and growing market. Seeing Litecoin going down long-term, can be interpreted as a positive signal. I will add some context. If this were a different market, say the fax machine market or the mail market, the stock market or something old...
Market conditions are always changing, so we need to be flexible in order to be able to adapt to change. XRP has been shaking... We had a bearish idea and yielded to commentators pressure (one great reason not to read comments) and went ahead to published a bullish idea; the chart was bullish at the time though. The bears came back and we published a new bearish...
Good Monday my fellow Cryptocurrency trader, let's look at Bitcoin together short-term. Q: What do we have here? A: This BTCUSDT on the 1h Timeframe. Signals ➖ We have lower highs since 14-March. ➖ We have a major drop 5-March, coupled with decreasing volume. These are mild signals. Still early when we consider the bigger picture but it won't be early for too...
➖ Bitcoin produced a new All-Time High followed by a rounded top pattern. ➖ Bitcoin is now moving within a lower high compared to the newly established ATH. Any trading below the ATH —such as is happening now— can be considered a SHORT opportunity. The stop-loss can be set above the ATH. Below the full numbers... _____ SHORT BTCUSDT Leverage: 8X Buy-in:...
Another pair growing by two digits in a single move is Ocean Protocol, recovering more than a month of bleeding in a single day and moving above all local resistance. ➖ OCEANBTC today trades at its highest price since June 2023. It is interesting to see how patience is always key. Sideways, down then up and then all loses recovered in a matter of hours and now...
And... We are back to the money making Altcoins. Looking at Request Network vs Bitcoin (REQBTC), we have a four months long strong support. (This is the yellow space on the chart.) Seeing how the action revolves around this support level pretty much tells us everything we want and need to know. ➖ When below support, the recovery is fast and strong. ➖ When above...
First BitMEX, then Bittrex, Binance, now KuCoin, Kraken behind the scenes... So, who comes next? OKx! The next exchange to be called to answer for failing to meet certain regulations is KuCoin... How will this affect us and the Cryptocurrency market? This is a normal development. The Cryptocurrency market is new; Cryptocurrency exchanges are new. When these...
Solana produced a multi-year high late December 2023. It proceeded to move sideways within a lower high for more than two months and then forged ahead. Solana hit yesterday its highest level since December 2021. This works in favor of the bears. This is just a friendly update/reminder to my readers/followers. While Solana hit a new high, this is always...
The falling wedge pattern without a doubt is a bullish reversal pattern. A breakout from a falling wedge can take its time to play-out which can be appreciated here as the pattern has been going for more than 1,000 days or almost 3 years. Other than this pattern, what other signals point toward a reversal? I can think of two right away: 1) Trading volume coming...
Polymesh is another one that closed weekly above EMA50 —but there is a catch; We have mainly two sets of Altcoins including many variations. One set are those that grew strong in 2023 and the other set are those "left behind." While POLYXUSDT is now above EMA50, it grew more than 350% from August through October 2023. This means that on a marketwide correction it...