EhhEhhRon

EhhEhhRon

For those unfamiliar with Ampleforth I dont really have the patience to explain it. Essentially its rebase mechanism made it hard to run any sort of technical analysis. Now that we have a wrapped version trading on a very liquid exchange....we can finally start to derive some price analysis from the protocol beyond game theories and market cap. It seems as if...

EhhEhhRon

At the current moment, it's hard to predict how crypto will fair against USD. However, we can reliably see which pairs will consume a larger share of overall market cap as the space continues to consolidate and burn off fat. Shown in the top chart is the AAVE/ETH daily pair which just had a moving average golden cross (50/200). This sort of cross is fairly...

EhhEhhRon Updated 

Breakdown for the Zoomers: The best way to determine a particular cryptocurrency's potential break out is to view it's pairing with Bitcoin. With Litecoin...that history goes back a LONG ways since it is THE OG alt coin. As you can see on the monthly chart, Litecoin has been in a falling wedge since basically it's inception. When it moves up within this wedge...

EhhEhhRon

Litecoin has displayed near perfect symmetry over the last 3 years which ended in May. A complete cycle played out like a paper folded in half. It is now in uncharted territory and breaking through legacy resistances made over this previous cycle. Currently knocking on the door of the 200DMA. Do what you will with this information....

EhhEhhRon Updated 

50d,100d,200d moving averages show Monero is ready to restart it's bull run which was cut short by bitcoin's collapse back in May. MA100 initially acted as resistance during this fall but has since been taken out. Now MA50 is about to cross MA100 which is an indicator that signals some nice immediate gain. After this, we will want to see MA50 cross MA200 and...

EhhEhhRon

This is just a test chart to see how this plays out. Definitely not financial advice. Follow along if you find it interesting.

EhhEhhRon

Pretty clear and well tested direction on this one. With parachain auctions around the corner, I'm expecting DOT to outpace a majority of the market.

EhhEhhRon

There are lots of people who have been waiting for a buying opportunity all month but have yet to be presented with one. Smart investing tells us to let the market come to us. However make no mistake, the market makers know exactly what they're doing and it is very much psychological. The low volume pump has left a lot of people sidelined and they know that...

EhhEhhRon

Micro and Macro support at 45k. I believe we're more likely to bounce up at 45k due to the importance of this level on a macro scale (see previous analysis). I'm going long here however the possibility of a fake out seems high. If you're a nervous wreck, you might wait for the daily candle to close before entering any trades. Overall not a good level to take...

EhhEhhRon

What you are looking at is the logarithmic growth curve for Bitcoin. The middle line (which I've highlighted yellow) has historically been the predictor for whether or not we will have a bull run where we touch the top of the channel. As you can see, the 1st time we broke this line, we decisively cut through this line and moved up at a rapid pace. The 2nd time...

EhhEhhRon Updated 

Depending on what candles you use, the overall picture may look vastly different. For example if you are utilizing regular default candles...it would seem we are in a massive bullish breakout. However if you switch to heiken-ashi candles (better for spotting overall trend), things don't look quite as certain. Something to keep in mind...

EhhEhhRon

Not really any sort of pattern analysis to show. Last time this happened was last year in March and BTC absolutely tanked with the stock market. Media is pushing the EXACT same narrative/explanation from the last time right now so it's something important to consider in your trading plans for this week. As far as why stock market effects crypto...A lot of...

EhhEhhRon

RSI has broken the prior support we had built and we are now continuing the bearish divergence we have been experiencing since January. This is not technically an indicator you should 100% go short on. It is just a strong indicator that we have a bit more crabbing to do before we can make a corrective impulse up. A lot of over reactive and emotional people are...

EhhEhhRon

It's honestly amazing how perfectly the stars are aligning for Ethereum this summer. Barring any set backs...this is how I see things playing out over the next 3 months. Not even going to attempt to call what the top will be. All I know is Ethereum is where you want to be if you are trying to stack SATs.

EhhEhhRon

Breaking out of a major daily structure can lead to impulsive and volatile moves. Major supports/resistances (dashed lines) and major daily decision points (black circles) are shown. It's important to also know other potential smaller decision points on smaller time frames (4hr) so you're not caught by surprise after breaking/bouncing on a major daily decision...

EhhEhhRon

Sandbox had a nice week being up over 100%....but with bitcoin looking iffy, hodling this token right now is a risky bet especially considering this token is traded with 10x leverage in Asia. I have taken profits and will look to buy back in once RSI has cooled off.

EhhEhhRon Updated 

Bullish News: The Graph Protocol has just unveiled "Curation" which is now live alongside Graph Explorer and Subgraph studio. These are HUGE development releases that is very bullish for GRT. Bullish Fundamentals: GRT has broken, retouched, and bounced off it's 30 day moving average. The GRT/BTC pair confirms a move up is imminent. Best Case Scenario: If GRT...

EhhEhhRon

We are on the verge of a bullish cross on our weekly stochastic RSI. As you can see, this cross is always followed by a relatively large movement in bitcoin over the following week(s). IMO, we won't see massive bull run like gains....but we could see an easy 30%+ gain similar to October 2019 (green arrow). Similar to that time period, I think we have a short...