Litecoin - Are you a Bob -Trader ?Hi Traders, Investors and Speculators of the Charts 📈📉
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC, I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story... Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
Interested in another alt with massive upside potential? Here's a low risk high reward setup on LINKUSDT :
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ALTS
TOTAL3 Market Cap ( Exclude BTC & ETH )TOTAL3 is pretty well ALL ALT COINS but does include BNB and al its BNB Chain coins.......(maybe time to NOT call BNB an ALT anymore but thats another convo )
This Daily chart shows us how PA has been stuck in a descending channel since around May '22 and how, repeatably, PA has hit Top trendline and been rejected.
And here we are again
Shorter Acting StochRSI is oversold so may offer some support but over all, MACD ( longer MA) is above 0 but not yet Overbought, so, should fundamentals come in with Good News, we have the ability to lift through that line of resistance.
A descending channel has a high chance of breaking trend, the longer it stays in it......but it replies on fundimentals and investment to make that happen.
There is a strong chance, Markets may well just wait now till the FED in the USA ( A Group of PRIVATE Bankers) decide how they are going to approach the issue of interest Rates.
The very idea of Crypto becoming a World wide financial service will get rid of this "Centralised Financial model" where One group of people can control Everyone else.
But that another story, meanwhile, Take care, have a plan and act upon it....PA may well Drop before it goes up again,
Pattern Similarity with 2018 Bear Market RecoveryWhat follows is a comparison of the daily chart during the 2018 bear market recovery with the present weekly chart. Markets like to repeat patterns, with similarities and differences:
Repeating Pattern Similarities:
Both made a head and shoulders top
OBV and Volume show similar patterns of behavior in both charts
The amount of correction prior to recovery is similar
Repeating Pattern Differences:
2018's head and shoulders top had a descending (or practically straight) neckline. 2023's head and shoulders top has an ascending neckline
OBV has dipped more during the present downtrend than before, and Volume peaked earlier during the head/shoulders top this time (Volume is also down more now than it was during 2018 recovery, respectively)
Signs are pointing to a recovery, but DXY is behaving strangely and market conditions are entirely different than they were in 2018.
2023 Recovery may be higher than 2018, if neckline is reached - it could look like a double-top with a lower high (potentially even another HS pattern at the end)
Should the pattern repeat itself again on the higher time frame, I've outline a rough path that could take us into one of the two red boxes, or even somewhere in between, with:
-- Conservative Targets near previous head and shoulder top lows
-- Aggressive Targets stopping at or near the ascending neckline, and this would coincide with my theory of a lower high double-top, which I think is the more likely scenario (see related idea below)
-- Otherwise the potential to stop somewhere halfway in between either
Chart is long until recovery completes at one of the levels above.
This idea fails immediately if we fail to remain above the wedge here on a re-test on the falling wedge breakout (3-day chart pictured below):
Related Idea - neckline targets coincide with lower-high double-top theory:
Cheers, and thanks for taking the time to read through my ramblings!
-- dudebruhwhoa
ADAUSDT : Cardano Aims for Another +60% ⬆Hi Traders, Investors and Speculators of the Chart📈📉
Cardano looks like it's gearing up for another big move; currently consolidating under the resistance zone (which is bullish). Since the last update on ADAUSDT, ADA has increase 62% and from technical indicators RSI and Phoenix Ascending, it looks like it want's to do another 60% ⬆ with TP target just under $0.60.
There are some exiting developments in the crypto space other than the bullish price action on charts. If you've been missing out on some of it, you have to check out these two!
USA Government Federal Debt crisis :
Ethereum and ZK Protocol... in space:
What are your thoughts on this?
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EGLDUSDT Impulsive PA| POC Resistance| Weekly S/R| Trend Evening Traders,
Today’s analysis – EGLDUSD – trading towards an area f resistance where a rejection is plausible,
Points to consider,
- Price action corrective
- POC Resistance
- .786 Fibonacci Resistance
- Weekly S/R Resistance
EGLDUSD’s immediate price action is trading towards an area where there is technical confluence with the .786, POC, and two HTF levels, allowing fr a bearish bias.
The immediate objective will be the lower Int-Daily S/R, testing this region will create a local trading range.
Overall, in my opinion, EGLDUSDT is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“This lack of support is not simply an absence of encouragement. It can be as deep as the outright denial of some particular way in which we want to express ourselves.”
― Mark Douglas
ALTCOIN Market still consolidating. This shows its huge upside.The Altcoin market (total market capitalization excluding Bitcoin) is basically still consolidating. The long-term pattern is a Channel that is best described when using the Fibonacci Channel levels. Right now the price is on its bottom, with the 1W LMACD turning bullish since the August Bullish Cross.
The only times in the market's history this happened below the 0.00 mark designated the bottoms of December 2018 and May 2015. As you see on the chart, on all occasions (including today), the US10Y had already peaked and was on a downtrend. This suggests that the market has entered a strong Accumulation Phase, with long-term investors stacking ahead of the new Bull Cycle. This historically is the best time to enter the market.
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CRYPTOCAP - Time for a correctionHello everyone,
Crypto markets have recovered large portions of losses made since early Nov. BTC is trading above the 200D SMA, along with the crypto market cap, indicating a bullish sentiment. I don't think it's time to FOMO yet though. Despite BTC making somewhat of a higher high on longer TF, the total crypto market has yet to follow, indicating weakness.
A view from a lower time frame, the total crypto market cap has rejected 950B resistance zone. Current formation seems to be a descending triangle, indicating the build up of short interest at this key zone. The local support zone is 920, 200 D SMA (900), and 100 D SMA (835).
Let me know what you think.
ETHUSDT - No Entry? No Problem! WATCH THIS 📈Hi Traders, Investors and Speculators of the Chart📈📉
The RSI on Ethereum is pointing to severely overbought on the daily up until the 3D. This means that a breather / pullback can be expected soon. If you missed the rally on ETHUSDT, this may be your chance to get another entry. For the next part of the analysis, we take a look at an old-school trendline analysis - the bump and run method. If the price of ETH corrects, the bump, a possible entry could be at $1400 where the diagonal support zone is. From here, the run could go to $2000 in the short term.
HOWEVER< if the price cannot CLOSE above $1400 in the daily, and falls underneath, the bump and run method will not be considered.
Take a quick look at another great opportunity here, OCEANUSDT :👀
I suspect the markets will continue to see lots of volatility this week, so remember to pre set those orders!
For those who have been following for a while, all of the altcoins on our watchlist have rallied. Please remember to secure some profits!
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OCEAN - ALTS Parabolic: RSI Bullish ⬆ Hi Traders, Investors and Speculators of the Chart📈📉
The markets have been undeniably bullish for a few days with altcoins smashing through our targets. OCEANUSDT has already taken a two day breather and looks ready to do another parabolic move to the upside. If the buying momentum on the 12h continues (reflecting on the EMA) the next likely target could be between $0.35 - $0.4.
If the LSMA and RSI keeps above 50, we may even soon expect to see $0.6 on Ocean Protocol.
Take a look at my view on BTC here 👀
I suspect the markets will continue to see lots of volatility this week, so remember to pre set those orders!
For those who have been following for a while, all of the altcoins on our watchlist have rallied. Please remember to secure some profits!
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TOTAL3 ( ex BTC & ETH) Crypto Market CapPA coming under pressure here and is bumping into the 200 SMA for first time since April '22
It is also running along upper trendline of long term channel AND at same time, now hitting the longer term resistance from Off ATH
This is a crucial time for ALTS
They have already begun a slight pul back in Markets while BTC PA appears to be hanging on for now.
#BITCOIN reload zones!A few scenarios can play out
Very , Very unlikely we can keep going vertical ... odds don't favour it.
Best scenario slight softness to test the 2017 High ... whilst remaining embedded on the slow stochastics
2. A reasonable pullback into the low 19k zone
3. A flush down to the mid 17k region
Crypto Total MC - big daddy moves coming soonCrypto Total MC - big daddy moves coming soon
UPDATE:
Can't commit until I see this next few weeks/month price action. Two up options im seeing and one down. To be honest I was expecting down hard for the last few weeks, even a month, but the market has remained up, prob because legacy has been on a HUGE RIP. crypto has been pain in comparison; FTX really did a number on basically everything. F(#@ you Sam you slimey scammer.
the path forward is about to be painted:
REVEAL YOURSELF
grind up in any shape or form = valhalla for us
roll over or lose support/that last bottom = hades awaits your portfolio value
DOGE & SHIB - To enjoy Profits 💰🤑 You have to SELL !Hi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
A quick one on Dogecoin and ShibaInu for the short term. Both DOGEUSDT and SHIBUSDT have increased along with Bitcoin pulling the markets up, with Shiba Inu already increasing 21%. This would be a great point to take the majority of the profit. Although it's never wise to try and catch the exact top, both altcoins still seem to have another leg to the upside according to technical indicator Phoenix Ascending and the Bollinger Bands, which is also why I am labeling this post as "Long". Remember, the only way to secure profits is TO TAKE PROFIT, in other words, SELL on GREEN and BUY on RED.
I suspect this weekend will have lots of volatility, so remember to pre set those orders!
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ETHUSDT - RSI Shows More Upside 📈Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
By using technical indicator RSI, we can see Ethereum has potential to see another push upwards. However, there is a formidable resistance zone and the candle would have to CLOSE ABOVE the resistance trendline in order to consider a reversal. A wick will just be stop hunting, therefore a candle close on a higher timeframe will be the most reliable indication. From a candlestick analysis, three white soldiers have formed but again, the diagonal resistance zone will have to be broken in order to continue upwards.
Interested in my view on BTC using RSI ? Check out this idea:
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GALAUSD Weekly S/R| Price Action| POC| Impulse Evening Traders,
Today’s analysis – GALAUSD- trading at a key resistance zone where a rejection is probable,
Points to consider,
- Price action impulsive
- POC S/R Resistance
- Climatic Node
- Daily S/R Support
GALAUSD’s immediate price action is testing a resistance zone that is in confluence with the POC and a Weekly S/R, allowing for a bearish bias.
The current volume node is climatic; this is evident of temporary top if bull volume does not persist.
The immediate objective is the lower order block support, price has technical merit to retest the region.
Price action is to be used upon discretion/ management when executing this trade, invalidation is multiple candle closes above the POC.
Hope this analysis helps,
Thank you for following my work
And remember,
“It is always the best discretion to let the market show us where it is going and just simply follow (this would be prudent), rather than predict where the market is going and place a position (this would be gambling).” -Anne-Marie Baiynd’
Total 3 - I think Altcoins havae bottomed!!!Giant wedge from the top, we just hit the bottom of it, I think altcoins are about to rip faces along with the rest of the markets. Hard to believe now in the depths of the bear market but the best thing to do is to just play the charts. Still need confirmation but I'm getting excited.
Did you see that Huge Wedge on the Bitcoin chart?I hate technical analysis patterns and think they are crap. But there is one pattern that has a good winning percentage and that is the wedge pattern.
Did you see this wedge on the bitcoin chart on the weekly timeframe? It looks strong, but it could still touch the $10-$12K zone.
Friends, I will be very happy if you like this idea and subscribe to me. It will be the biggest gratitude for me and an incentive to make even more cool content for you. 💚💚💚
$MATIC - High time frame MATIC Looks Heavy at this point,
If we manage to close below the trend line and make a clean break below $0.7 then most likely it's heading towards lower levels around $0.4.
Adding confluence with DXY Holding support and might Rally towards 108 level and BTC Might take out the equal lows in coming weeks, so worth keeping an eye on matic/usdt.
Cheers