


catnip_
After a dip to the $56-$57k area — revisiting the pennant formed on February 27th to 28th — BTC recovered and broke both the short-term resistance (established from April 8th to May 6th) and the resistance of ~$66,800 (FRVP applied to the price behavior since February 26th). If it surpasses the previous resistance of $69,000, it will likely gain enough momentum to...
BTC has reached a new short-term low of $60,775 after correcting from $73,777. This low was suggested by the trading volume given by the FRVP, as cited in previous analysis. The FRVP support at approximately $67,200 continues to be important, and bullish behavior is expected if the price remains above it. The recent highs and lows suggest price compression via a...
After the falling wedge was cancelled and the price broke down from the FRVP support of approximately $67,200, BTC's price behavior has more closely resembled a descending channel than another, larger falling wedge. However, support could be found in another important trading area identified by the FRVP: $62,000. There is a volume vacuum between $63,000 and...
BTC has reached new all-time highs, as expected and stated in previous analyses done here. Now, after correcting more or less 12% from the last high, it appears to be breaking out of a falling/descending wedge, which is bullish. BTC is also above the fixed range volume profile (FRVP) support. Additionally, it has rebounded from the middle moving average of the...
Supports and resistances are squishing XRP's price volatility, setting up a big movement. Extremely low price volatility and volume at the moment. XRP.D is low as well. Token sentiment is also very negative. Price is still below the rising MA200, which is a buy. Fixed range volume profile gives us a short-term resistance of 0.615$. Support is 0.495$ and 0.43$....
In the last few hours, XRP has surged, breaking a resistance level dating back to mid-July 2023. The price now stands above the MA100D and MA200D, both which are rising. Additionally, XRP has surpassed the $0.615~ resistance indicated by the fixed range volume profile applied from 2023/07/13 until today — this resistance will now become a support, as well as the...
After rebounding from $38,555 (near the $38,000 highs of November 2023) and breaking out of a bear trap descending wedge, BTC seems to have formed a symmetrical triangle around the support/resistance level of $42,700. This value is determined by the fixed range volume profile (FRVP) applied to the price behavior since breaking $40,000. Both the MA100D and MA200D...
ETH/BTC indicates a 7-year-long compression in value. Considering that ETH/BTC has recently held many supports, it could easily outperform BTC in the medium-term future — an outperformance of +40% or more, if it reaches a value near the peaks of 2021 and 2022. But if it were to break this long-term resistance, it could reach or surpass the all-time high.
After a hammer on January 23rd, BTC rebounded from $38,555 (near the $38,000 highs of November 2023) and broke out of a descending wedge. It is still above the MA100D and MA200D, both of which are rising. BTC is also above the $42,700 support level indicated by the fixed range volume profile (FRVP) applied to the price behavior since breaking $40,000. Bullish!
XRP/BTC is, at the moment, making a high volume dip below the last low. Considering that: 1. XRP/BTC is above major support lines; 2. XRP/BTC is well below the MA200 (-33%); 3. XRP/USD is squished between giant old support and resistance lines; 4. The MA200 of XRP/USD is rising; 5. XRP.D (dominance) has touched last year's bottom of 1.70%; All of this suggests...
As it stands, we can envision several scenarios for BTC: 1. It sustains the current momentum and breaks out of this 'mini-ascending triangle', encountering the fixed range volume profile's resistance of $43,750. 2. It retraces to test the $40,222 support level, forming a double bottom pattern. 3. It fails to maintain support at both $40,222 and $40,000, leading...
HBAR has done a double bottom (2022/12/31 & 2023/06/10), with a neck of $0.0987 (2023/02/12). If this breaks, the range between $0.0356 and $0.0987 gives us a minimum target of 277% x $0.0987 == $0.2736. The size of this double bottom (spanning more than a year) implies a significant price movement.
It seems like TRX is finishing setting up the breakout of a 6-year resistance line, going back to 2018. Upward movement is very healthy, and the very low volatility and volume imply a large movement ocurring soon. The range between 2020/03/13 ($0.0066358) and 2021/04/16 ($0.18442608) give us a target of approximately 2780% x 0.1085 == $3.15.
(some drawings so that the idea of the last analysis is clearer).
Based on the last minimum target of the iHnS, BTC could reach 35k. THAT is, only if it doesn't break 24800$ - an important medium-term support. If it makes another go at 31k and falls again, breaking 24.8k, it would form an HnS - and the minimum target would be 17800$. tl;dr long from 25.5k~ to 35k OR short from 31k~ to 17800$ (and, maybe but more risky, lower).