Again, huge buying pressure from the 1.8T zone (previous resistance now tested as support + confluence with the 21 Weekly EMA & 0.5 fib)
A flip of the 2T resistance into support & the next logical target will be the previous ATHs zone
2) $BTC
Looking at the monthly candle (closes today), we can see that there has been a lot of indecision in the market (huge wicks up & down).
Switching to a weekly timeframe, we can clearly see strong buying pressure at $40k & weekly closure in the 21 EMA zone (kinda bullish)
$BTC
While looking at the daily chart with a little bit more attention, I saw a falling wedge forming (Typically a bullish pattern that could signal a change in trend direction).
I’d like to see a breakout from this pattern & flip of the $44.5k zone
Beginning of…
3) $QNT
We got our needed correction.
Even the best projects can’t just go straight up without a retracement.
We just got a double bounce from the 61.8 fib.
Maybe too soon to say that but I really think that the bottom is in.
Hope you bought the dip.
4) $ALBT
What can I say?
Currently one of the most undervalued project in the crypto space, not even close.
This is a giant that will wake up soon.
Double bottom forming on the previous breakout zone & 61.8 fib
I’d like to see a strong bounce from here.
(Bought the dip)
5) $DAG
Pretty disappointed by the recent price action, to be honest.
Clearly some smart whales want to fill their bags even more at these bargain prices.
Currently testing the 61.8 fib zone, let’s see what happens.
I don’t see it going any lower than the grey zone.
Bounce!
6) $HTR
Same for Hathor.
Disappointed..
Currently hanging between the 61.8 & 78.6 fibs…
I wanna really see it holding the $0.6 support zone.
Strong bounce needed.
Don’t panic; price will catch up with fundamentals.. only a matter of fucking time!
7) $ZCX
Sitting again on this beautiful demand zone (& 0.5 fib)
If you were waiting for a “buy the dip” occasion, here you have it.
Q4 will be explosive for this project.
No doubts.
8) $LCX
Do I really need to chart this beast?
I did some DCA yesterday when it was testing the support zone.
A few days ago I got contacted by the Radix Community and, after some research, I decided to partner with them to spread the word about this solid project. ( $XRD )
Radix is a Layer 1 protocol and development framework designed specifically to serve DeFi
It employs a revolutionary approach to smart contract programming and developer incentives, coupled with a unique consensus protocol that solves the blockchain “trilemma” — providing unlimited linear scalability while maintaining security and decentralization.
It plans to make developers building DeFi dApps 10x more productive; make DeFi dApps 100x more secure; and be at least 1000x more scalable than any other crypto, (as it has unlimited scalability)
But I still think that we’ll probably see a huge drop in the following periods.
We are getting back to mass scale euphoria, we need a reset.
Peak of this run—> Purge & Regulations—> Utility Season
That’s the “timeline” I have in mind.
We’ll see an “Utility Season”(decade), no doubts, but we are not there yet.
This bullrun is still driven by euphoria and speculation, not real utility.
There are a few exceptions, of course, but even they still have to mature. (Infancy)
So, how am I going to play the next months?
I’ll for sure take gradual profits when I’ll smell mass scale euphoria all over the market.
There will probably be a remake of 2017 run (Human emotions don’t change), but I won’t mess it up this time.