Cold Blooded Charter
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That was a definition of a BLACK SWAN EVENT.
More liquidations than the covid crash, FTX crash and many other crashes, COMBINED.
I hope everybody is relatively okay and holding together, also check on your friends as millions of people got their accounts WIPED OUT.
We will recover from this, you will recover and come back stronger with better money management strategies, stop losses will become your second nature.
Crypto might even be done for this cycle, if so, I will post a lot of other trades for those that understand that capital is always flowing between sectors, metals have been booming, commodities, etc.
You don't have to stick to crypto, you really don't. A good trader makes money in whatever sector that is growing. Look beyond crypto. Your whole life can change once you get what I'm saying here.
Keep your head up, chill and relax for a bit, and treat what has happened as the best lesson in investing/trading ever.
Weekend off for me, need some time to process the situation in the markets, back to charts on Monday.
More liquidations than the covid crash, FTX crash and many other crashes, COMBINED.
I hope everybody is relatively okay and holding together, also check on your friends as millions of people got their accounts WIPED OUT.
We will recover from this, you will recover and come back stronger with better money management strategies, stop losses will become your second nature.
Crypto might even be done for this cycle, if so, I will post a lot of other trades for those that understand that capital is always flowing between sectors, metals have been booming, commodities, etc.
You don't have to stick to crypto, you really don't. A good trader makes money in whatever sector that is growing. Look beyond crypto. Your whole life can change once you get what I'm saying here.
Keep your head up, chill and relax for a bit, and treat what has happened as the best lesson in investing/trading ever.
Weekend off for me, need some time to process the situation in the markets, back to charts on Monday.
$ZEC has been doing absolutely insane moves over the last 4 weeks, 500%+. Is it too late to hop on this money train? I definitely think so.
First of all, what a beautiful example of that classic piece of trading wisdom, 'the longer the accumulation, the greater a breakout'.
It was nearly 4 years of absolutely nothing in terms of patterns, just pure bottom-shaping. Sideways, chop-chop, no trend whatsoever.
And then, once the 200 MA was broken, total madness. I love the 200 MA, super pivotal. But that was one, EXTREME case of it.
Right now, it's extremely overbought after hitting $310 this week, still no ATH (May 2021 - $372).
And people will be aping in just based on the fact that it is yet to break the record price.
Possibly, it might easily continue upwards, but the WEEKLY has been screaming CAUTION (it has for a while, to be fair).
I have caught up with my #zcash research a bit today, there obviously are NO UNLOCKS to worry about, just the regular EMMISIONS from mining (like $BTC with the HALVINGS every 4 years).
Tokenomics-wise, each DAY roughly 3 thousand tokens enters circulation. That's a substantial $ amount, circa $900k in freshly minted coins, per day.
I am definitely going to try and find a SHORT position on this, just allow me some time. Too late to do anything else, and that LIQUIDATIONS cluster just above $200 looks tasty in the MARKET MAKER eyes, no doubt.
👽💙
First of all, what a beautiful example of that classic piece of trading wisdom, 'the longer the accumulation, the greater a breakout'.
It was nearly 4 years of absolutely nothing in terms of patterns, just pure bottom-shaping. Sideways, chop-chop, no trend whatsoever.
And then, once the 200 MA was broken, total madness. I love the 200 MA, super pivotal. But that was one, EXTREME case of it.
Right now, it's extremely overbought after hitting $310 this week, still no ATH (May 2021 - $372).
And people will be aping in just based on the fact that it is yet to break the record price.
Possibly, it might easily continue upwards, but the WEEKLY has been screaming CAUTION (it has for a while, to be fair).
I have caught up with my #zcash research a bit today, there obviously are NO UNLOCKS to worry about, just the regular EMMISIONS from mining (like $BTC with the HALVINGS every 4 years).
Tokenomics-wise, each DAY roughly 3 thousand tokens enters circulation. That's a substantial $ amount, circa $900k in freshly minted coins, per day.
I am definitely going to try and find a SHORT position on this, just allow me some time. Too late to do anything else, and that LIQUIDATIONS cluster just above $200 looks tasty in the MARKET MAKER eyes, no doubt.
👽💙
$HYPE is BREAKING OUT, $43.
Needs candle closes, LONG set-up ready, see the earlier analysis for details.
👽💙
Needs candle closes, LONG set-up ready, see the earlier analysis for details.
👽💙
This LONG set-up on $HYPE is getting closer to being ready today, still facing the toughest test before I get into a position.
The GARTLEY harmonic pattern on the 4-HOUR has been my main focus as a red flag even after a BULLISH PENNANT breakout (targetting $60+), and I simply need strong candle closes above the RIGHT 'shoulder' top, above $41 in order to invalidate that GARTLEY.
Right now the price action has been fighting with the 50 MA on 12-hour + 200 MA on 4-hour + a FALLING TRENDLINE. That's quite a conflunce of resistances right here.
So, in a nutshell, the main 12-hour chart is BULLISH, and the 4-HOUR chart is going to be fully BULLISH above immediate resistances, $43 close is a MUST, once done, I will start scaling in in tranches.
💙👽
The GARTLEY harmonic pattern on the 4-HOUR has been my main focus as a red flag even after a BULLISH PENNANT breakout (targetting $60+), and I simply need strong candle closes above the RIGHT 'shoulder' top, above $41 in order to invalidate that GARTLEY.
Right now the price action has been fighting with the 50 MA on 12-hour + 200 MA on 4-hour + a FALLING TRENDLINE. That's quite a conflunce of resistances right here.
So, in a nutshell, the main 12-hour chart is BULLISH, and the 4-HOUR chart is going to be fully BULLISH above immediate resistances, $43 close is a MUST, once done, I will start scaling in in tranches.
💙👽
$EVAA has a very concentrated token DISTRIBUTION PROFILE.
No scheduled unlocks soon, though. If we can trust the founders. Can we?
💙👽
No scheduled unlocks soon, though. If we can trust the founders. Can we?
💙👽
$EVAA has been on FIRE since THURSDAY, when I published the latest analysis, expected a text-book WAVE 5 rally from the $6 area, and that's exactly what we saw.
The price shot up as high as $12.38, new all-time HIGH, my 1st take profit has been triggered at $10.3, the second one above $13, not yet, still waiting.
So, what's next for 'The first lending protocol' on $TON then?
Short-term, definitely the correction, which has been ongoing (-24% from the very top), and I expect it to hit either $9 or $8.2.
These two levels should be a starting point for anybody looking for a 'buy-the-dip' entry.
I won't be adding to my bag yet, this coin is really a temptation, though, a proper project built to last, even the unlocks vesting schedule proves that the team means business, rather than a short-term vision.
Still only a $60M+ marketcap, still a HIDDEN GEM, in my opinion. On my watchlist for a re-buy at some point. Let it have a deserved cool-down now.
💙👽
The price shot up as high as $12.38, new all-time HIGH, my 1st take profit has been triggered at $10.3, the second one above $13, not yet, still waiting.
So, what's next for 'The first lending protocol' on $TON then?
Short-term, definitely the correction, which has been ongoing (-24% from the very top), and I expect it to hit either $9 or $8.2.
These two levels should be a starting point for anybody looking for a 'buy-the-dip' entry.
I won't be adding to my bag yet, this coin is really a temptation, though, a proper project built to last, even the unlocks vesting schedule proves that the team means business, rather than a short-term vision.
Still only a $60M+ marketcap, still a HIDDEN GEM, in my opinion. On my watchlist for a re-buy at some point. Let it have a deserved cool-down now.
💙👽
$EVAA has been on FIRE since THURSDAY, when I published the latest analysis, expected a text-book WAVE 5 rally from the $6 area, and that's exactly what we saw.
The price shot up as high as $12.38, new all-time HIGH, my 1st take profit has been triggered at $10.3, the second one above $13, not yet, still waiting.
So, what's next for 'The first lending protocol' on $TON then?
Short-term, definitely the correction, which has been ongoing (-24% from the very top), and I expect it to hit either $9 or $8.2.
These two levels should be a starting point for anybody looking for a 'buy-the-dip' entry.
I won't be adding to my bag yet, this coin is really a temptation, though, a proper project built to last, even the unlocks vesting schedule proves that the team means business, rather than a short-term vision.
Still only a $60M+ marketcap, still a HIDDEN GEM, in my opinion. On my watchlist for a re-buy at some point. Let it have a deserved cool-down now.
💙👽
The price shot up as high as $12.38, new all-time HIGH, my 1st take profit has been triggered at $10.3, the second one above $13, not yet, still waiting.
So, what's next for 'The first lending protocol' on $TON then?
Short-term, definitely the correction, which has been ongoing (-24% from the very top), and I expect it to hit either $9 or $8.2.
These two levels should be a starting point for anybody looking for a 'buy-the-dip' entry.
I won't be adding to my bag yet, this coin is really a temptation, though, a proper project built to last, even the unlocks vesting schedule proves that the team means business, rather than a short-term vision.
Still only a $60M+ marketcap, still a HIDDEN GEM, in my opinion. On my watchlist for a re-buy at some point. Let it have a deserved cool-down now.
💙👽
Three weeks ago I published a SPOT entry into $EVAA at $5.95, it then had a huge crash with the rest of the market, in fact, much harder than others, still a small cap, $44M, I pasted my research here then.
Since the collapse, it's become of the best looking charts, clear ELLIOT'S WAVE count, currently after a retracement from the ATH made yesterday at $9.5.
Super strong asset, ready for WAVE 5 soon, targetting new ATH at $10.3 and then $13.15 and potentially further up into its PRICE DISCOVERY PHASE.
Taking PROFITS at these levels and letting 30% of the invested amount remain as a moonbag.
👽💙
Since the collapse, it's become of the best looking charts, clear ELLIOT'S WAVE count, currently after a retracement from the ATH made yesterday at $9.5.
Super strong asset, ready for WAVE 5 soon, targetting new ATH at $10.3 and then $13.15 and potentially further up into its PRICE DISCOVERY PHASE.
Taking PROFITS at these levels and letting 30% of the invested amount remain as a moonbag.
👽💙
This $STBL coin has not been stable in price, at all.
A clear DOWNTREND since DAY 1 with two very impulsive WAVES down (WAVES 1 & 3), so I have utilised a negative ELLIOT'S WAVE count, and currently we are seeing a WAVE 4 (correction of the main trend), which is projected to reach 17.8c or 21c. And these are my targets for the recent SPOT position entry.
I call this type of price action a TEXT-BOOK downtrend, each leg down is followed by a BEARISH chart pattern (two BEARISH PENNANTS in this case).
And this ongoing PENNANT is going to either break down below 8c and into its own WINTERTIME, or break out to the UPSIDE (12.5c breakout point) in order to go for the WAVE 4 targets.
Consolidation in a tightening range, decision time soon. Liquidations above are awaiting.
Fundamentally, it's hard for me to believe that we could see this project with an even smaller marketcap ($55M circulating cap atm).
7.5c - 8c is a BUY-ZONE for me, LIMIT BUY order (my 3rd entry, the last one into this asset) in place.
💙👽
A clear DOWNTREND since DAY 1 with two very impulsive WAVES down (WAVES 1 & 3), so I have utilised a negative ELLIOT'S WAVE count, and currently we are seeing a WAVE 4 (correction of the main trend), which is projected to reach 17.8c or 21c. And these are my targets for the recent SPOT position entry.
I call this type of price action a TEXT-BOOK downtrend, each leg down is followed by a BEARISH chart pattern (two BEARISH PENNANTS in this case).
And this ongoing PENNANT is going to either break down below 8c and into its own WINTERTIME, or break out to the UPSIDE (12.5c breakout point) in order to go for the WAVE 4 targets.
Consolidation in a tightening range, decision time soon. Liquidations above are awaiting.
Fundamentally, it's hard for me to believe that we could see this project with an even smaller marketcap ($55M circulating cap atm).
7.5c - 8c is a BUY-ZONE for me, LIMIT BUY order (my 3rd entry, the last one into this asset) in place.
💙👽
Ok I entered $STBL spot at 12.5c yesterday fully expecting a DEAD CAT on $BTC which is exactly what we have been dealing with.
I had a STOP LOSS at 10.5c, triggered but here I'm changing the strategy, decided to rebuy this and employ the tokens in the ecosystem, it's essentially a #stablecoin bet also, which makes sense at such low prices.
So, re-buying SPOT 10.5c again, the 4-HOUR chart supports the bullish bias flashing a BULL OBV divergence after a recent BULL RSI hidden divergence as well. Volumes on the latest rejection declining. All good and ready for upside, unless it all collapses due to Bitcoin's crash.
👽💙
I had a STOP LOSS at 10.5c, triggered but here I'm changing the strategy, decided to rebuy this and employ the tokens in the ecosystem, it's essentially a #stablecoin bet also, which makes sense at such low prices.
So, re-buying SPOT 10.5c again, the 4-HOUR chart supports the bullish bias flashing a BULL OBV divergence after a recent BULL RSI hidden divergence as well. Volumes on the latest rejection declining. All good and ready for upside, unless it all collapses due to Bitcoin's crash.
👽💙
The most important chart for $ETH is obviously the DAILY, and it looks like a correction (abc) is was completed on 10/10 when we witnessed a flash-crash to as low as $3450, perfectly in the middle of the SUPPORT ZONE ($3300 - $3600).
After this correction, we should see another surge in price, this would be WAVE 5, the last rally in this cycle, for sure. TARGETS start from $5861 (1.618 fib), and I consider this ELLIOT'S WAVE count to be a clean one, which means, more likely to materialize.
For now, it's been a struggle to stay above the key support/resistance level of $4k, still a DOWNTREND with a recent LOWER LOW followed by a sideways narrow chop.
200 MA at $3260 and upcurved, still a BULL MARKET coin. I'm on the sidelines until it either closes above $4100 or retraces back down by 10 or even 15%.
ETH v $BTC on the WEEKLY, a rebound from the range bottom last APRIL, topped out in AUGUST at 0.0434, currently retracing to an important 0.0344 level, which MUST be held to keep this year's momentum. Short-term BULLISH long-term BEARISH in relation to the KING.
💙👽
After this correction, we should see another surge in price, this would be WAVE 5, the last rally in this cycle, for sure. TARGETS start from $5861 (1.618 fib), and I consider this ELLIOT'S WAVE count to be a clean one, which means, more likely to materialize.
For now, it's been a struggle to stay above the key support/resistance level of $4k, still a DOWNTREND with a recent LOWER LOW followed by a sideways narrow chop.
200 MA at $3260 and upcurved, still a BULL MARKET coin. I'm on the sidelines until it either closes above $4100 or retraces back down by 10 or even 15%.
ETH v $BTC on the WEEKLY, a rebound from the range bottom last APRIL, topped out in AUGUST at 0.0434, currently retracing to an important 0.0344 level, which MUST be held to keep this year's momentum. Short-term BULLISH long-term BEARISH in relation to the KING.
💙👽
Really important time for $ETH as it finds itself stuck below its long-term resistance ($4k zone) after finding SUPPORT at the lower zone ($3.4k was the local bottom during the recent market collapse).
The WEEKLY still has a BULLISH MARKET structure but has been retracing constantly since making the ATH last AUGUST.
Based on just this one chart, I can see a wide BUY-ZONE (green rectangle below the price) between $3300 and $3600, any greater flash-crashes are not likely to correct harder than that, short-term.
To maintain the BULLISH outlook, #Ethereum must close ABOVE $4115 and re-establish it as SUPPORT again.
Closing below $4k would make the situation much more complicated. No long-term LIQUIDITY to be hunted near-by, only a huge pocket much much lower, around the $2k area.
Definitely no LONGS under such resistance. Next post for a better view on the DAILY and $BTC pairing charts.
👽💙
The WEEKLY still has a BULLISH MARKET structure but has been retracing constantly since making the ATH last AUGUST.
Based on just this one chart, I can see a wide BUY-ZONE (green rectangle below the price) between $3300 and $3600, any greater flash-crashes are not likely to correct harder than that, short-term.
To maintain the BULLISH outlook, #Ethereum must close ABOVE $4115 and re-establish it as SUPPORT again.
Closing below $4k would make the situation much more complicated. No long-term LIQUIDITY to be hunted near-by, only a huge pocket much much lower, around the $2k area.
Definitely no LONGS under such resistance. Next post for a better view on the DAILY and $BTC pairing charts.
👽💙
$ETH ETF flows: a second week of OUTFLOWS this past week, -$244M, following the -$300M outflows the previous week.
Not great to see large capital NOT interested in #ETH
💙👽
Not great to see large capital NOT interested in #ETH
💙👽
Really important time for $ETH as it finds itself stuck below its long-term resistance ($4k zone) after finding SUPPORT at the lower zone ($3.4k was the local bottom during the recent market collapse).
The WEEKLY still has a BULLISH MARKET structure but has been retracing constantly since making the ATH last AUGUST.
Based on just this one chart, I can see a wide BUY-ZONE (green rectangle below the price) between $3300 and $3600, any greater flash-crashes are not likely to correct harder than that, short-term.
To maintain the BULLISH outlook, #Ethereum must close ABOVE $4115 and re-establish it as SUPPORT again.
Closing below $4k would make the situation much more complicated. No long-term LIQUIDITY to be hunted near-by, only a huge pocket much much lower, around the $2k area.
Definitely no LONGS under such resistance. Next post for a better view on the DAILY and $BTC pairing charts.
👽💙
The WEEKLY still has a BULLISH MARKET structure but has been retracing constantly since making the ATH last AUGUST.
Based on just this one chart, I can see a wide BUY-ZONE (green rectangle below the price) between $3300 and $3600, any greater flash-crashes are not likely to correct harder than that, short-term.
To maintain the BULLISH outlook, #Ethereum must close ABOVE $4115 and re-establish it as SUPPORT again.
Closing below $4k would make the situation much more complicated. No long-term LIQUIDITY to be hunted near-by, only a huge pocket much much lower, around the $2k area.
Definitely no LONGS under such resistance. Next post for a better view on the DAILY and $BTC pairing charts.
👽💙
Really important time for $ETH as it finds itself stuck below its long-term resistance ($4k zone) after finding SUPPORT at the lower zone ($3.4k was the local bottom during the recent market collapse).
The WEEKLY still has a BULLISH MARKET structure but has been retracing constantly since making the ATH last AUGUST.
Based on just this one chart, I can see a wide BUY-ZONE (green rectangle below the price) between $3300 and $3600, any greater flash-crashes are not likely to correct harder than that, short-term.
To maintain the BULLISH outlook, #Ethereum must close ABOVE $4115 and re-establish it as SUPPORT again.
Closing below $4k would make the situation much more complicated. No long-term LIQUIDITY to be hunted near-by, only a huge pocket much much lower, around the $2k area.
Definitely no LONGS under such resistance. Next post for a better view on the DAILY and $BTC pairing charts.
👽💙
The WEEKLY still has a BULLISH MARKET structure but has been retracing constantly since making the ATH last AUGUST.
Based on just this one chart, I can see a wide BUY-ZONE (green rectangle below the price) between $3300 and $3600, any greater flash-crashes are not likely to correct harder than that, short-term.
To maintain the BULLISH outlook, #Ethereum must close ABOVE $4115 and re-establish it as SUPPORT again.
Closing below $4k would make the situation much more complicated. No long-term LIQUIDITY to be hunted near-by, only a huge pocket much much lower, around the $2k area.
Definitely no LONGS under such resistance. Next post for a better view on the DAILY and $BTC pairing charts.
👽💙
It is always a great idea to compare your altcoin of interest with $BTC on longer timframes in order to see if there is even a point in investing.
The WEEKLY $XRP pairing chart, the last 5 years, just a wide area of unpredictable chop. GOLDEN CROSS this year, so a potential appreciation in price for #xrp but it has to cross above fib 0.382 and the 50 MA (4% higher) and close nicely first.
The market structure has been neutral, lower high followed by a possible higher LOW taking place at the moment.
Still more than 24 hours before a WEEKLY close, 0.0000244 is on my WATCH, I don't touch this token until some solid BULLISH confirmation on this macro chart.
And I have to comment on the attached screenshot regarding the token burns. 500-600 coins burned DAILY, such nonsense articles are a complete waste of your time. Zero effect on the price-action.
👽💙
The WEEKLY $XRP pairing chart, the last 5 years, just a wide area of unpredictable chop. GOLDEN CROSS this year, so a potential appreciation in price for #xrp but it has to cross above fib 0.382 and the 50 MA (4% higher) and close nicely first.
The market structure has been neutral, lower high followed by a possible higher LOW taking place at the moment.
Still more than 24 hours before a WEEKLY close, 0.0000244 is on my WATCH, I don't touch this token until some solid BULLISH confirmation on this macro chart.
And I have to comment on the attached screenshot regarding the token burns. 500-600 coins burned DAILY, such nonsense articles are a complete waste of your time. Zero effect on the price-action.
👽💙
$XRP has been fighting HARD TO RECOVER some of its lost value after topping out at $3.67 in JULY.
The #XRPArmy is bloody but not yet beaten, it seems, trying to reclaim the all-important (fat green line, 200 MA just above the GOLDEN POCKET) BEAR/BULL line in the sand.
So, the $2.6~ zone is a pivot level, a long-term horizontal resistance/support level, #XRP MUST close above to flip the MARKET Structure BULLISH.
The worst part of a correction may be finished for now, yes, but this is still a heavy RESISTANCE AREA, not to mention a HIDDEN BEAR RSI divergence flashing.
So, in a nutshell:
1) either a strong show of INTENT to push the price above fib 0.5 ($2.78) in order to continue upwards and toward the BEAR Liquidation zone ($3.05+)
2) or a rejection in the current zone, DAILY CANDLE CLOSES below the 200 MA and further bleeding towards $2.28.
For now, a BEAR MARKET coin until proven otherwise.
💙👽
The #XRPArmy is bloody but not yet beaten, it seems, trying to reclaim the all-important (fat green line, 200 MA just above the GOLDEN POCKET) BEAR/BULL line in the sand.
So, the $2.6~ zone is a pivot level, a long-term horizontal resistance/support level, #XRP MUST close above to flip the MARKET Structure BULLISH.
The worst part of a correction may be finished for now, yes, but this is still a heavy RESISTANCE AREA, not to mention a HIDDEN BEAR RSI divergence flashing.
So, in a nutshell:
1) either a strong show of INTENT to push the price above fib 0.5 ($2.78) in order to continue upwards and toward the BEAR Liquidation zone ($3.05+)
2) or a rejection in the current zone, DAILY CANDLE CLOSES below the 200 MA and further bleeding towards $2.28.
For now, a BEAR MARKET coin until proven otherwise.
💙👽
$XRP has been fighting HARD TO RECOVER some of its lost value after topping out at $3.67 in JULY.
The #XRPArmy is bloody but not yet beaten, it seems, trying to reclaim the all-important (fat green line, 200 MA just above the GOLDEN POCKET) BEAR/BULL line in the sand.
So, the $2.6~ zone is a pivot level, a long-term horizontal resistance/support level, #XRP MUST close above to flip the MARKET Structure BULLISH.
The worst part of a correction may be finished for now, yes, but this is still a heavy RESISTANCE AREA, not to mention a HIDDEN BEAR RSI divergence flashing.
So, in a nutshell:
1) either a strong show of INTENT to push the price above fib 0.5 ($2.78) in order to continue upwards and toward the BEAR Liquidation zone ($3.05+)
2) or a rejection in the current zone, DAILY CANDLE CLOSES below the 200 MA and further bleeding towards $2.28.
For now, a BEAR MARKET coin until proven otherwise.
💙👽
The #XRPArmy is bloody but not yet beaten, it seems, trying to reclaim the all-important (fat green line, 200 MA just above the GOLDEN POCKET) BEAR/BULL line in the sand.
So, the $2.6~ zone is a pivot level, a long-term horizontal resistance/support level, #XRP MUST close above to flip the MARKET Structure BULLISH.
The worst part of a correction may be finished for now, yes, but this is still a heavy RESISTANCE AREA, not to mention a HIDDEN BEAR RSI divergence flashing.
So, in a nutshell:
1) either a strong show of INTENT to push the price above fib 0.5 ($2.78) in order to continue upwards and toward the BEAR Liquidation zone ($3.05+)
2) or a rejection in the current zone, DAILY CANDLE CLOSES below the 200 MA and further bleeding towards $2.28.
For now, a BEAR MARKET coin until proven otherwise.
💙👽
$HYPE has had stable daily revenue from fees this week, between $2.5M and $5M.
Open INTEREST UP by 20%+, $8.4B currently.
💙👽
Open INTEREST UP by 20%+, $8.4B currently.
💙👽
This LONG set-up on $HYPE is getting closer to being ready today, still facing the toughest test before I get into a position.
The GARTLEY harmonic pattern on the 4-HOUR has been my main focus as a red flag even after a BULLISH PENNANT breakout (targetting $60+), and I simply need strong candle closes above the RIGHT 'shoulder' top, above $41 in order to invalidate that GARTLEY.
Right now the price action has been fighting with the 50 MA on 12-hour + 200 MA on 4-hour + a FALLING TRENDLINE. That's quite a conflunce of resistances right here.
So, in a nutshell, the main 12-hour chart is BULLISH, and the 4-HOUR chart is going to be fully BULLISH above immediate resistances, $43 close is a MUST, once done, I will start scaling in in tranches.
💙👽
The GARTLEY harmonic pattern on the 4-HOUR has been my main focus as a red flag even after a BULLISH PENNANT breakout (targetting $60+), and I simply need strong candle closes above the RIGHT 'shoulder' top, above $41 in order to invalidate that GARTLEY.
Right now the price action has been fighting with the 50 MA on 12-hour + 200 MA on 4-hour + a FALLING TRENDLINE. That's quite a conflunce of resistances right here.
So, in a nutshell, the main 12-hour chart is BULLISH, and the 4-HOUR chart is going to be fully BULLISH above immediate resistances, $43 close is a MUST, once done, I will start scaling in in tranches.
💙👽
This LONG set-up on $HYPE is getting closer to being ready today, still facing the toughest test before I get into a position.
The GARTLEY harmonic pattern on the 4-HOUR has been my main focus as a red flag even after a BULLISH PENNANT breakout (targetting $60+), and I simply need strong candle closes above the RIGHT 'shoulder' top, above $41 in order to invalidate that GARTLEY.
Right now the price action has been fighting with the 50 MA on 12-hour + 200 MA on 4-hour + a FALLING TRENDLINE. That's quite a conflunce of resistances right here.
So, in a nutshell, the main 12-hour chart is BULLISH, and the 4-HOUR chart is going to be fully BULLISH above immediate resistances, $43 close is a MUST, once done, I will start scaling in in tranches.
💙👽
The GARTLEY harmonic pattern on the 4-HOUR has been my main focus as a red flag even after a BULLISH PENNANT breakout (targetting $60+), and I simply need strong candle closes above the RIGHT 'shoulder' top, above $41 in order to invalidate that GARTLEY.
Right now the price action has been fighting with the 50 MA on 12-hour + 200 MA on 4-hour + a FALLING TRENDLINE. That's quite a conflunce of resistances right here.
So, in a nutshell, the main 12-hour chart is BULLISH, and the 4-HOUR chart is going to be fully BULLISH above immediate resistances, $43 close is a MUST, once done, I will start scaling in in tranches.
💙👽
$HYPE LONG set-up looks great on the 12-HOUR chart, but the 4-HOUR has been flashing a huge RED FLAG in a form of BEARISH GARTLEY harmonic pattern.
Rejection at $40.8 has completed the formation of this high-percentage (70%) pattern, and I never go against these, most of the times they signal a trap.
So, basically the GARTLEY's right 'shoulder top' is called PRZ (Potential REVERSAL Zone) and we should monitor for continuation down or an invalidation attempt, candle closes above the PRZ ($40.8). $40 is also a major horizontal support/resistance pivot level.
Additionally, we are dealing with a confluence of two falling resistances (green 200 MA at $42.85 plus a FALLING trendline from the ATH). Both of these resistances must be reclaimed to FULLY invalidate the GARTLEY and trigger my LONG.
That's the set-up, the 12-HOUR already BULLISH just waiting for #HYPE to show BULLISHNESS on the 4-HOUR, volumes and strong candles a MUST here.
💙👽
Rejection at $40.8 has completed the formation of this high-percentage (70%) pattern, and I never go against these, most of the times they signal a trap.
So, basically the GARTLEY's right 'shoulder top' is called PRZ (Potential REVERSAL Zone) and we should monitor for continuation down or an invalidation attempt, candle closes above the PRZ ($40.8). $40 is also a major horizontal support/resistance pivot level.
Additionally, we are dealing with a confluence of two falling resistances (green 200 MA at $42.85 plus a FALLING trendline from the ATH). Both of these resistances must be reclaimed to FULLY invalidate the GARTLEY and trigger my LONG.
That's the set-up, the 12-HOUR already BULLISH just waiting for #HYPE to show BULLISHNESS on the 4-HOUR, volumes and strong candles a MUST here.
💙👽
$COAI Basic research info part 4 (risks)
This relatively new $COAI coin popped up on my radar last night as I was getting ready for my bedtime, it was $19 per token, I prepared an analysis and today woke up to another madness in price.
$8.5 now, a $1.7B marketcap in circulation. And the main chart (4-HOUR, still a new asset) is absolutely mental, debuted only this month around a dollar, ATH within a week (nearly.. $47 per token), then a flash-crash to $5 followed by another wild rally to $27, back down to $4+ (forming a DOUBLE BOTTOM), followed by the most recent pump to $25+ yesterday.
And here we are after another crash and below the 10 dollar mark once again, also below the 50 MA ($11.45) and the GOLDEN POCKET ($11.9 - $12.55).
I have done some fundamental research, it seems that the current unlocks (8.3M token; 0.83% of total supply, a monthly unlock from now on) have been the main culprit.
The unlocks are quite large even at current, lower prices, so obviously a RED FLAG. I will only be interested in this coin at ultra-low prices, the BUY-ZONE on my chart, basically anything below $5, or $4.5, this is the bottom of the range with previous DEMAND history which established the SUPPORT zone.
RSI oversold, but this can go deeper. Market structure bearish, lower HIGH yesterday after a slighly lower LOW a week ago.
Interesting AI - WEB3 project, it's just these unlocks at the time of retail capitulation, not a great mix these days.
👽💙
$8.5 now, a $1.7B marketcap in circulation. And the main chart (4-HOUR, still a new asset) is absolutely mental, debuted only this month around a dollar, ATH within a week (nearly.. $47 per token), then a flash-crash to $5 followed by another wild rally to $27, back down to $4+ (forming a DOUBLE BOTTOM), followed by the most recent pump to $25+ yesterday.
And here we are after another crash and below the 10 dollar mark once again, also below the 50 MA ($11.45) and the GOLDEN POCKET ($11.9 - $12.55).
I have done some fundamental research, it seems that the current unlocks (8.3M token; 0.83% of total supply, a monthly unlock from now on) have been the main culprit.
The unlocks are quite large even at current, lower prices, so obviously a RED FLAG. I will only be interested in this coin at ultra-low prices, the BUY-ZONE on my chart, basically anything below $5, or $4.5, this is the bottom of the range with previous DEMAND history which established the SUPPORT zone.
RSI oversold, but this can go deeper. Market structure bearish, lower HIGH yesterday after a slighly lower LOW a week ago.
Interesting AI - WEB3 project, it's just these unlocks at the time of retail capitulation, not a great mix these days.
👽💙
$COAI Basic research info part 3 (potential)
This relatively new $COAI coin popped up on my radar last night as I was getting ready for my bedtime, it was $19 per token, I prepared an analysis and today woke up to another madness in price.
$8.5 now, a $1.7B marketcap in circulation. And the main chart (4-HOUR, still a new asset) is absolutely mental, debuted only this month around a dollar, ATH within a week (nearly.. $47 per token), then a flash-crash to $5 followed by another wild rally to $27, back down to $4+ (forming a DOUBLE BOTTOM), followed by the most recent pump to $25+ yesterday.
And here we are after another crash and below the 10 dollar mark once again, also below the 50 MA ($11.45) and the GOLDEN POCKET ($11.9 - $12.55).
I have done some fundamental research, it seems that the current unlocks (8.3M token; 0.83% of total supply, a monthly unlock from now on) have been the main culprit.
The unlocks are quite large even at current, lower prices, so obviously a RED FLAG. I will only be interested in this coin at ultra-low prices, the BUY-ZONE on my chart, basically anything below $5, or $4.5, this is the bottom of the range with previous DEMAND history which established the SUPPORT zone.
RSI oversold, but this can go deeper. Market structure bearish, lower HIGH yesterday after a slighly lower LOW a week ago.
Interesting AI - WEB3 project, it's just these unlocks at the time of retail capitulation, not a great mix these days.
👽💙
$8.5 now, a $1.7B marketcap in circulation. And the main chart (4-HOUR, still a new asset) is absolutely mental, debuted only this month around a dollar, ATH within a week (nearly.. $47 per token), then a flash-crash to $5 followed by another wild rally to $27, back down to $4+ (forming a DOUBLE BOTTOM), followed by the most recent pump to $25+ yesterday.
And here we are after another crash and below the 10 dollar mark once again, also below the 50 MA ($11.45) and the GOLDEN POCKET ($11.9 - $12.55).
I have done some fundamental research, it seems that the current unlocks (8.3M token; 0.83% of total supply, a monthly unlock from now on) have been the main culprit.
The unlocks are quite large even at current, lower prices, so obviously a RED FLAG. I will only be interested in this coin at ultra-low prices, the BUY-ZONE on my chart, basically anything below $5, or $4.5, this is the bottom of the range with previous DEMAND history which established the SUPPORT zone.
RSI oversold, but this can go deeper. Market structure bearish, lower HIGH yesterday after a slighly lower LOW a week ago.
Interesting AI - WEB3 project, it's just these unlocks at the time of retail capitulation, not a great mix these days.
👽💙
This relatively new $COAI coin popped up on my radar last night as I was getting ready for my bedtime, it was $19 per token, I prepared an analysis and today woke up to another madness in price.
$8.5 now, a $1.7B marketcap in circulation. And the main chart (4-HOUR, still a new asset) is absolutely mental, debuted only this month around a dollar, ATH within a week (nearly.. $47 per token), then a flash-crash to $5 followed by another wild rally to $27, back down to $4+ (forming a DOUBLE BOTTOM), followed by the most recent pump to $25+ yesterday.
And here we are after another crash and below the 10 dollar mark once again, also below the 50 MA ($11.45) and the GOLDEN POCKET ($11.9 - $12.55).
I have done some fundamental research, it seems that the current unlocks (8.3M token; 0.83% of total supply, a monthly unlock from now on) have been the main culprit.
The unlocks are quite large even at current, lower prices, so obviously a RED FLAG. I will only be interested in this coin at ultra-low prices, the BUY-ZONE on my chart, basically anything below $5, or $4.5, this is the bottom of the range with previous DEMAND history which established the SUPPORT zone.
RSI oversold, but this can go deeper. Market structure bearish, lower HIGH yesterday after a slighly lower LOW a week ago.
Interesting AI - WEB3 project, it's just these unlocks at the time of retail capitulation, not a great mix these days.
👽💙
$8.5 now, a $1.7B marketcap in circulation. And the main chart (4-HOUR, still a new asset) is absolutely mental, debuted only this month around a dollar, ATH within a week (nearly.. $47 per token), then a flash-crash to $5 followed by another wild rally to $27, back down to $4+ (forming a DOUBLE BOTTOM), followed by the most recent pump to $25+ yesterday.
And here we are after another crash and below the 10 dollar mark once again, also below the 50 MA ($11.45) and the GOLDEN POCKET ($11.9 - $12.55).
I have done some fundamental research, it seems that the current unlocks (8.3M token; 0.83% of total supply, a monthly unlock from now on) have been the main culprit.
The unlocks are quite large even at current, lower prices, so obviously a RED FLAG. I will only be interested in this coin at ultra-low prices, the BUY-ZONE on my chart, basically anything below $5, or $4.5, this is the bottom of the range with previous DEMAND history which established the SUPPORT zone.
RSI oversold, but this can go deeper. Market structure bearish, lower HIGH yesterday after a slighly lower LOW a week ago.
Interesting AI - WEB3 project, it's just these unlocks at the time of retail capitulation, not a great mix these days.
👽💙
$FARTCOIN is basically a BEAR MARKET coin and has been for longer nearly two months, it lost the 200 MA in August and retested twice in September, from below.
So, a DOWNTREND, all moving averages overhead and curving down, just hopeless. $380M marketcap coin, by the way, that was 7 times bigger last DECEMBER. Mad.
OBV profile has been compelling since the JULY local top, remained stable with multiple BULL divergences, it's been a theme.
That's why I'm watching this distaster of a DAILY chart for any reversal signs, we might be doing a negative ELLIOT'S WAVE count WAVE A targetting 54c.
DEAD cat bounce or not, there might be a short-term LONG setup at some point. On my WATCHLIST for sure, definitely not READY.
👽💙
So, a DOWNTREND, all moving averages overhead and curving down, just hopeless. $380M marketcap coin, by the way, that was 7 times bigger last DECEMBER. Mad.
OBV profile has been compelling since the JULY local top, remained stable with multiple BULL divergences, it's been a theme.
That's why I'm watching this distaster of a DAILY chart for any reversal signs, we might be doing a negative ELLIOT'S WAVE count WAVE A targetting 54c.
DEAD cat bounce or not, there might be a short-term LONG setup at some point. On my WATCHLIST for sure, definitely not READY.
👽💙
$FARTCOIN strategy of waiting for a succesful close above resistance before entering worked very well indeed, a bullet dodged as we had a rejection at 96c, just at the upper trendline (inverse h&s neckline) resistance.
So now, after a double top was formed, $Fartcoin is trading at the monthly ascending support and 3-4% lower would be the double top neckline at 79c.
We want to stay above the ascending support or we could grab accumulated liqidity below at 72c (see the Liquidity map attached).
No longs before a good breakout above 97c as far as im concerned💙👽
So now, after a double top was formed, $Fartcoin is trading at the monthly ascending support and 3-4% lower would be the double top neckline at 79c.
We want to stay above the ascending support or we could grab accumulated liqidity below at 72c (see the Liquidity map attached).
No longs before a good breakout above 97c as far as im concerned💙👽
$LINK on its WEEKLY chart: still a text-book BAT reversal intact, below the 50 MA, and just continuation to the downside. High selling volumes recently and essentially reverting back to its mean (200 MA on 1W at $12.8), although that's a long term chart.
We need a look on the DAILY to get a better idea if a reversal to the upside is an option soon.
1D chart is showing a fight to stay above a combo of crucial pivots:
1) 200 MA at $17.7, key moving average, for many traders, especially institutional: bear/bull boundary
2) horizontal support/former resistance $17.4
3) GOLDEN POCKET of the move that took the price from JUNE lows ($11) all the way up to the AUGUST top ($28).
OBV on the DAILY had two minor HIDDEN BULLISH divergences while the price was finding support in the pocket, that's interesting to see.
Holding the green 200 MA is the most important thing for now, no reversal yet, but if it was to remain a BULL MARKET asset, the BUYERS must step in immediately.
Close below the GOLDEN POCKET and we should see $14.6 and possibly $12.8 if that doesn't hold.
LONGS only above $19.5, I need to see a BULLISH market structure change to do anything here.
👽💙
We need a look on the DAILY to get a better idea if a reversal to the upside is an option soon.
1D chart is showing a fight to stay above a combo of crucial pivots:
1) 200 MA at $17.7, key moving average, for many traders, especially institutional: bear/bull boundary
2) horizontal support/former resistance $17.4
3) GOLDEN POCKET of the move that took the price from JUNE lows ($11) all the way up to the AUGUST top ($28).
OBV on the DAILY had two minor HIDDEN BULLISH divergences while the price was finding support in the pocket, that's interesting to see.
Holding the green 200 MA is the most important thing for now, no reversal yet, but if it was to remain a BULL MARKET asset, the BUYERS must step in immediately.
Close below the GOLDEN POCKET and we should see $14.6 and possibly $12.8 if that doesn't hold.
LONGS only above $19.5, I need to see a BULLISH market structure change to do anything here.
👽💙
Opened this $ALUMINIUM LONG position this week as the price started closing above the $2800 mark that I had been waiting for.
Essentially a mega strong DOUBLE BREAKOUT ongoing, the RECTANGLE and the TRIANGLE, targetting $3165 and $3375, respectively.
Stop loss when #aluminium loses its breakout point, simple trade, this one.
This WAVE could either be number 3 or 5, but regardless, the momentum has been great, confirmed by a few HIDDEN BULLISH RSI divergences in a row.
Commodities season. Crypto sucks this quarter, open your minds.
👽💙
Essentially a mega strong DOUBLE BREAKOUT ongoing, the RECTANGLE and the TRIANGLE, targetting $3165 and $3375, respectively.
Stop loss when #aluminium loses its breakout point, simple trade, this one.
This WAVE could either be number 3 or 5, but regardless, the momentum has been great, confirmed by a few HIDDEN BULLISH RSI divergences in a row.
Commodities season. Crypto sucks this quarter, open your minds.
👽💙
Real profits have been in METALS, not crypto this year. In case you haven't noticed.
I dropped $SILVER, $GOLD and $PALLADIUM here and on X, all with incredible results so far, and this is my next candidate to make babies (money babies).
Just this MONTHLY chart is enough to spot the most likely winner that could start printing any time and that could last months or years. ALUMINIUM.
3 years of sideways and now it's on its way to make a higher high and flip BULLISH. RSI at 75, but this will stay hot if the price closes a strong green candle, I will bet BIG on that, no doubts.
Around $2800 close would be more than enough.
Still 2 weeks to go before the candle closes so if any correction happens soon, it should be bought immediately. It won't go lower than $2475 - 2552, according to my ELLIOT WAVE count on the weekly, which I am going to post over the weekend along with other metals.
Look beyond crypto, real money flowing into commodities, expand your horizons👽💙
I dropped $SILVER, $GOLD and $PALLADIUM here and on X, all with incredible results so far, and this is my next candidate to make babies (money babies).
Just this MONTHLY chart is enough to spot the most likely winner that could start printing any time and that could last months or years. ALUMINIUM.
3 years of sideways and now it's on its way to make a higher high and flip BULLISH. RSI at 75, but this will stay hot if the price closes a strong green candle, I will bet BIG on that, no doubts.
Around $2800 close would be more than enough.
Still 2 weeks to go before the candle closes so if any correction happens soon, it should be bought immediately. It won't go lower than $2475 - 2552, according to my ELLIOT WAVE count on the weekly, which I am going to post over the weekend along with other metals.
Look beyond crypto, real money flowing into commodities, expand your horizons👽💙
$ASTER has broken out from the FALLING WEDGE but so far it's been a weak breakout. No volumes and likely put in a LOWER HIGH at $1.15.
Staying away from this, just bearish structure despite two BULLISH chart patterns, the wedge and the DOUBLE BOTTOM. Still, this WAVE 4 is expected to hit $1.44 before further collapse.
On-chain metrics are showing some $2M daily FEES, and it's the fees that will be decisive in the next #Buyback so keep an eye.
Some BEARISH OBV & RSI divergences flashing on the HOURLY chart, btw.
#ASTER has become a bit toxic these days, and the charts have been reflecting this thesis.
👽💙
Staying away from this, just bearish structure despite two BULLISH chart patterns, the wedge and the DOUBLE BOTTOM. Still, this WAVE 4 is expected to hit $1.44 before further collapse.
On-chain metrics are showing some $2M daily FEES, and it's the fees that will be decisive in the next #Buyback so keep an eye.
Some BEARISH OBV & RSI divergences flashing on the HOURLY chart, btw.
#ASTER has become a bit toxic these days, and the charts have been reflecting this thesis.
👽💙
$ASTER 8-HOUR chart updated. That FALLING WEDGE / DOUBLE BOTTOM potential reversal combo at 97c did work, for now, I didn't take the trade, mainly due to declining on-chain numbers.
People might have had enough of leverage trading for this year already and the next one, too. These DEXES will have a real problem growing numbers soon, and kind of already what I have been seeing with the numbers, real or still cooked.
Perp volumes in decline for a week, fees at just a fraction of their record-breaking claims a few feeks ago. So many red flags here.
That has to be compared to $HYPE inevitably, next posts☝️
As far as the chart itself, no LONG until $1.12 FALLING WEDGE breakout. Volumes have been terrible so that's a total MUST before taking a position. And some bull divergences, nothing here yet.
💙👽
People might have had enough of leverage trading for this year already and the next one, too. These DEXES will have a real problem growing numbers soon, and kind of already what I have been seeing with the numbers, real or still cooked.
Perp volumes in decline for a week, fees at just a fraction of their record-breaking claims a few feeks ago. So many red flags here.
That has to be compared to $HYPE inevitably, next posts☝️
As far as the chart itself, no LONG until $1.12 FALLING WEDGE breakout. Volumes have been terrible so that's a total MUST before taking a position. And some bull divergences, nothing here yet.
💙👽
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