Barrenbull

Barrenbull

BINANCE:ETHBTC appears to be reaching a cycle bottom. Sentiment is quite sour (and for good reason). But has things really changed? Just seems like a typical decline while Monthly RSI as at the same level as 2019 with very similar timeframes. Total value locked in DeFi is increasing. Volume is picking up while DEFI dominance is steady, i call that bullish divergence.

Barrenbull

Pretty clean chart for $SNX. - years of wyckoff accumulation - higher lows - riding weekly MAs in my opinion it appears to be a typical market cycle progressing within the defi space. it's kind of doing its own thing while retail speculates on other coins. This is one of those set it and forget it type of charts. Looks like it wants to break out in the coming...

Barrenbull

Looks like large and mid-sized companies in Brazil will have a nice little run up in the coming weeks. Chart is bullish on daily and weekly cycle. Taking a long here.

Barrenbull

Gold breaking out while silver tries hard to break resistance. Once it breaks I think silver is bound for an aggressive move up. Silver has took the patience away from many, who are bound to sell on smaller time frames. In my view, they will be left out.

Barrenbull

The logic is that price will gravitate to liquidity. Exxon Mobile seems to have an abnormal amount of liquidity sitting above all time highs. Gut says we take out those highs pretty soon. Here are some other considerations: -Exxon Mobil also currently has the highest percentage of short interest in modern history. -The company has a low valuation of 11x...

Barrenbull

We are at a stage where it pays to be cautious. I've been involved in the crypto markets for 7 years and see consistent emotional patterns playing over and over again. This feels no different. We are not at the mania phase yet but a short term correction is deemed necessary.

Barrenbull Updated 

Currently, the RSI has entered a zone that often signals a shift towards an upward trend. The downward trend is nearing its end, and I anticipate that Ethereum (ETH) will begin to perform better than Bitcoin (BTC), or at least, stop lagging behind it.

Barrenbull Updated 

It looks like ARB is following a descending channel pattern right now. This pattern is formed by connecting the lower highs and lower lows of its price using parallel lines, showing that it's on a downward trend. From what I've observed, I believe that ARB's price might touch the bottom of this descending channel before it starts moving upward towards new highs.

Barrenbull Updated 

Another head and shoulders seems to be in play here. 20k would be our target area.

Barrenbull

youtu.be Bitcoin has had phases of low volatility and high volatility. Historically, during phases of low volatility, it has shown to be buying opportunities and the opposite is shown for high volatile phases. Bollinger bands expand on periods of high volatility and decreases risk to reward on your investment. The link above dives deeper into this concept and is...

Barrenbull

A bearish pennant is formed during a steep, almost vertical, downtrend. After that sharp drop in price, some sellers close their positions while other sellers decide to join the trend, making the price consolidate for a bit. Bearish pennants mark a pause in the movement of a price halfway through a strong downtrend, offering you an opportunity to go short. The...

Barrenbull

$XLMBTC Has been in an accumulation zone for almost 2 years and is going to break out soon. The momentum indicator shows that its currently building tons of pressure. MA on the MONTHLY chart just turned green and people honestly have been real quiet about Stellar lately. Those are the coins you want to get into before they make huge moves. GOOD BUY.

Barrenbull

Looks like ETH is going to copy what Bitcoin did. ETH is known to follow bitcoin on big moves and i don't see anything different happening. People are praising ETH but you need to remember that ETH was 80 bucks 13 months ago. It needs to have a healthy correction. This could possibly be The Big Short to the golden fib levels. Best of luck.

Barrenbull

Very simple indicators show a move to the upside is imminent. Anytime the RSI was under 40 it has increased in price. Also the candles on the daily timeframe are now under the Bollinger bands which is known to push the price back to the middle of the bands or the moving average.

Barrenbull

For the weekly chart I used the momentum squeeze indicator and it shows that when we came into the pink colored zone we have had massive corrections. Over the last 2 weeks we have entered the pink zone and I believe were in for a big move to the downside. I secured profits and will wait till we enter back into the green zone. Be careful out there.

Barrenbull

BTC is showing similar chart pattern from JAN 2019. Showed similar consolidating patterns and dips and now has similar weaknesses as btc did back in July 2019 before it crashed. Also it Broke down from the falling wedge and isnt picking up steam. MACD looks to be rolling over too. Maybe able to buy cheaper BTC soon.

Barrenbull

Seems to be a trend reversal in the MACD chart and a bull flag forming for a continuation of its outperformance on ETH. There's also events happening for DOT at the end of this quarter so I believe its all setup for another run up.

Barrenbull

Check out my recent updates for LTC. This is the third and final part. The MACD indicator on the MONTHLY LTCBTC chart looks to have a bullish crossover imminent. This means that there will be a shift in momentum from the downside to the upside. It will be hard to break this crossover due to it being on a monthly scale. My final thoughts for litecoin are bullish...