fritbjorn

fritbjorn

I have the daily on my chart to demonstrate the micro change in market structure that occurred this morning following the previously predicted pullback that occurred with BTC impacting the entire crypto market. MATIC and VALA remain perfectly correlated since August with variances existing in very small percentage points. On the Daily you see the lower B Band is...

fritbjorn

On the monthly a rare green dot has appeared on the Monthly chart. With the channels remaining open and no indication of a red dot a reversal to the upside is statistically more likely than a continuation. Plus the lower price point is a retest of support. Also a massive order wall exists just above $0.02. And lastly, these signals are present in multiple...

fritbjorn

The wich off of the center B Band is developing nicely with a few days left in the weekly candle. I anticipated this pull back due to resistance from trapped longs and upper B Band psychological level. Next weeks candle will likely reverse and develop into a massive green candle, this time absorbing the remaining trapped longs at the $0.04 level. The center B Band...

fritbjorn

As you can clearly see the B Bands have tightened. Price action has already hit the upper band resistance as it is supposed to and support of the center band was previously confirmed. Price action is headed toward the center B Bands where it will likely confirm support again and break out. This sums up the accumulation phase on the weekly chart. Sorry to those of...

fritbjorn

Price action has been in a bullish squeeze since about 3am CST this morning. The bands squeeze prior to price explosion. Could go up or down.

fritbjorn

Trapped longs are regions where traders called a false bottom and went all in while the market continued to sell. The current actual bottom is indicated and called due to a trend reversal, heavy increase in buying pressure volume, and a clear change in market structure. There are currently trapped shorts in this region where stop loss and fear traders orders were...

fritbjorn

I've gotten quite a few messages from people wanting to know why I am bullish on VARA right now. Look at my chart, this is why. This asset has been trying to break out for months and it actually isn't falling it is in a bullish squeeze. This regression trend in the chart below is the top and bottom of the range (it is an approximation). This is also called an...

fritbjorn

This is what an inverse head and shoulders pattern looks like. Sadly, on the 1-hour the resulting pump is often small, but it can sometimes turn into a significant rally. This is a reversal signal on a low time frame.Inverse head and shoulders pattern on the 1 hour timeframe

fritbjorn

Please see the chart for illustration. This asset remains in a whale accumulation sideways trend. Bollinger bands were compressed leading to a price action squeeze leading up to the initial breakout from above $0.025 with many long positions opening between this price point and $0.03 placing the local bottom at just below $0.03. Consumer and whale activity still...

fritbjorn Updated 

The chart speaks for itself. This massive sideways consolidation with a slight downtrend is in fact a massive bull flag. BTC is going up IMO. I hear permabears crying for lower prices. I am long on the entire cryptocurrency market.

fritbjorn

VARA thus far has been in whale consolidation which is the initial stage leading to a big move. Breakout above $0.13 is likely where support will be found for additional leg up to higher time frames.

fritbjorn

See chart for my comments. I am bullish on CLV USD. Not financial advice.

fritbjorn

See chart for my notes. Price action should go up in a powerful bullish movement not withstanding any manipulation.

fritbjorn

See chart for my notes

fritbjorn

The red lines are areas of resistance. The green line is where support begins and continues down to $.07 approximately.

fritbjorn Updated 

See chart for my comments.

fritbjorn

The following is not financial advice rather it is my strong opinion that regardless of any short term drops, this in my opinion is a very bad time to short this coin or BTC for that matter. My indicators have detected a bullish engulfing pattern with a double head and tail. These coins are going to increase in price and by the middle of next month we will be...