bitmoey

bitmoey

I have been monitoring this price action to its extremes and studying distribution patterns that no one is really looking into, perhaps maybe at an institutional level is what they are seeing what you are seeing right now Uncomfortable? Good, but welcome to the financial markets. In order to understand what a distribution pattern is, you will need to understand...

bitmoey

I'll give you two scenarios for ETH Scenario 1: Retesting the 0.786 and finally claiming the 1.618 around 6153 which confirms an altseason. So far, ehereum is following a trend line, and it's slightly correcting every now and then. Truth? typical staircase pattern but i do not like it. Other scenario: Reclaiming and retesting the golden pocket. 4024 and...

bitmoey

Okay, lots of mana FOMO so i'm here with not so good news. However, this to me looks like a blow off top. what happens with a blow off top is that it retraces and tests the golden pocket after an irrational bullish leveraged euphoria rally this confirms a dead cat bounce, or what it's called in the market cycle "we're just cooling off" What invalidates...

bitmoey

I refuse to believe that QNT will nuke It is a SOLID project. What i think:- I think this will happen, either fake out from here or down with a little deviation and double bottom then up. Stop loss would be a little below these fake outs OR if it stayed there for very long, then get over it. Dollar cost averaging here could make sense. Cheers!

bitmoey

I saw some people wondering about FIL. Very interesting chart, so here's my personal trade setup for it. First of all, the 3 purple ranges are strong support levels which may cause impulses there. Hence, here's what I will do, but it's a risk with a potential of 80-120% profits for the mid-term and may double your investment. I think FIL will retest the...

bitmoey

Lets update you on ETH If you followed my initial analysis, you must be in serious profits now. We achieved our target of the inverse h&s! Although the target initially is around 4500 approx, there's still a possibility! Now, let us continue because the charts never stop. I do not think eth is done yet because right now the chart is showing a bullish flag...

bitmoey

Legends & Scientists, Hi! A picture speaks a thousand words? Yes it does, and this is SLP. Allow me to explain Well first, on the daily, we have established a well rounded double bottom which is also a retest from the low of May 2021. Moreover, the volume is now bigger than ever. Yes, look at the below volume, that's what accumulation looks like. This...

bitmoey

Let me enlighten you Sometimes trading all time highs must be difficult but let me explain to you why sometimes buying high could help you go higher First off, we could see a flag or a decending broadening wedge here this confirms that if we break the daily supply zone, then the technical target is 64% up. around 11.6$ KDA Established a demand zone, around the...

bitmoey

I'll be honest about SOL. Yes, it has potential, but that double top I am seeing in the supply zone is not very nice to look at, which simply means: be prepared to consider this a top if the 217 levels stayed a supply zone. now the good news: SOL retested and wicked down to the 0.786 level and bounced off from there. Our golden ratio is still around the 145...

bitmoey

MKR MKR Is giving me BTC Vibes before a breakout prior to ATH it seems like it is gearing up into a diamond formation and the demand zone looks super strong. That being said, i will DCA into those 3 areas between the 0.236 and 0 fib levels. Potential increase: 150% mid-term hold will use super small capital for this trade

bitmoey

CHZ forming and broke out of the ADAM and EVE Formation good win to loss ratio :)

bitmoey

Formed an inverse H&S. Breakout from there would lead to 56.64 Target Luna did not break my demand zones which means institutional demand is within those levels, that's great. Supply zone: 41$, Watch out for here.

bitmoey

I have been watching XRP since 1.09, I became a buyer post it going up the EMA Ribbon, and for that i am 20% up on my trade! However, XRP broke a triangulating pattern and is now at its retest level. Technical target is 1.5! Bullish on it, lets see if it works ;)

bitmoey

Usually in bull markets, we retest the EMA ribbon below and bulls enter strongly to go above. That being said, we're at an auction level (consolidation). Bull signs: bull flag on the daily, two strong support levels, and a double bottom Bear signs: not much buying volume, sell signal triggered, and below EMA Wait for a confirmation and enter a long if you...

bitmoey

Still time for retest atleast to 0.39, NKN is going through a very strong resistence on the ichimouku cloud, it's fighting through it but that is why you're finding big red candles come in out of nowehere, it's under bearish territory. However, it went over strong resistence levels on the daily, and is not retesting the 0.40 - 0.35 as support. DMI is bullish,...

bitmoey

XRP is showing a nice MACD crossover coming up, although, don't forget those are lagging indicators and in breakout trades, you should only trade the breakout, and not wish for it to do so. DMI is showing also a cross over coming up. My eyes on XRP to either long or short. As for now, i'm watching.

bitmoey

You will never know when the trend ends, on the 4H Chart, it's textbook analysis that we are trending upwards. Until you see a rejection in more upside, and breaks the trend line, you can consider some shorts, as for now, you're good if you're long. Take profits when it breaks the trendline on the 4h chart.

bitmoey

Apple has been trading around that area for a while, forming a triangle about to make a decision, i'm more bullish on tech, especially with apple releasing the new phones! Goodluck :)