altcoinb

altcoinb

Are we seeing a possible head and shoulders forming here? This could be an interesting pattern with everything that is happening in crypto given the FTX collapse/contagion and other possible toxic accounts that have not been revealed that could be the last leg in bringing crypto to the last shakeout in this market. Target price with this pattern is around $0.13

altcoinb

Bitcoin finally showing its weakness due to the FTX scandal with SBF. We have two trendlines that are converging together to give us a possible price of $13k to as low as $8k with a middle price of $11k. What is also important to notice is the coming Ripple vs SEC case which should be wrapping up in late March 2023 that can affect the crypto markets in a positive...

altcoinb

We are seeing a lot of pressure in conventional markets along with commodity markets with all the inflation and recession numbers involved. With FED moving forward with strong interest rate hikes well into 2023 I can see serious pressure on the XRP price given that there is still no settlement for 2022 or the end of the case until 2023. Fibonacci levels all the...

altcoinb

We could possibly see this inverse cup and handle get invalidated if BTC breaks this descending yellow trendline since the $69k high in 2021. I can see a $25k price target if we follow this ascending trendline that could be forming right now.

altcoinb

Could we be seeing an inverse cup and handle pattern forming here? Looks pretty close to one if you ask me. We have this trendline that has yet to be broken since the high of $69k for Bitcoin back in April 2021. I have a hunch Bitcoin will possibly try to break this yellow descending trendline and then make for a serious correction to the downside possibly down to...

altcoinb

DXY cup and handle 2022? Target $114. The DXY has been on a tear and this could be bad for risk-on assets like crypto.

altcoinb

Using descending channels and 210 MA and also fundamentals with recession fears along with more Interest rate hikes we could see more downside with the Nasdaq 100.

altcoinb

price targets between $29k & $27k. with all the recession and inflation fears, markets are bearish for now. As we know there are still rate hikes coming by the Feds and this contributes to a weaker market for conventional stocks and commodities. We have two moving averages and a trendline that price action will have to contend with. Plus, we also see similar...

altcoinb

between August 18th and 22nd, we have these moving averages and a downward trendline all merging together beautifully in the middle of August 2022. I have a fractal on this ascending channel to give us an idea of a possible low of $0.32 until we move and target this circle of contention. Let's see if this is even an area we could be in within the next 18 to 22...

altcoinb

Because we may still see a sell-off with Bitcoin to test the $17k previous support, we may see XRP sell into a possible $0.17 target. Of course, this is previous strong support for XRP and If Bitcoin does finally test a $13k to $12k bottom XRP may very well test a serious low as well. I have a fractal for XRP to give us an example for price action. I also have...

altcoinb

I have a resistance line in yellow that has been an important resistance for Bitcoin. We are approaching this line as Bitcoin wants to test the 200 EMA and the 210 MA that are running along this yellow trendline. I also have these yellow arches that show the almost identical point of possible intersection of this yellow trendline. We are either going to break to...

altcoinb Updated 

I have a couple of xrp targets if we break through this descending triangle which is a bearish continuation pattern. I have targets ranging between $0.22 and $0.25. We still have negative overall market news on recession and inflation fears along with insolvent cefi platforms that are plaguing the crypto markets. We will most likely find a bottom in crypto during...

altcoinb

I am using the 4 hourly charts for this work. I know this may be premature because we could still see some more downside in both equity and crypto markets but look at the breakout from both the 210 MA and the 200 EMA. This is looking very bullish for Kin as far as a breakout is concerned. Look at previous attempts that failed but not this time. Clearly Kin is...

altcoinb

Could we see the DXY target this curve metric all the way to $119? I am using a fractal as a visual for this possibility. This target has great resistance back in 2001 and 2002 as the DXY peaked several times. Interesting to see if we will respect this curved arch all the way through. This arch is parabolic till October 2022 if it respects the metrics.

altcoinb

Could we be seeing a similar parabolic run on the DXY as in late 2014 & early 2015? If so a $112 price may be in the cards or higher before we see a major correction in the DXY.

altcoinb

Using a 4 hourly chart. Unfortunately, as we move into this bear market with all of the recession and inflation fears we will continue to see a drawdown in crypto prices. As I posted recently on a hidden bearish divergence with the Altcoin market cap chart we are starting to see a pullback already. I have a fractal for illustrative purposes only and as a visual of...

altcoinb

We are posting a Hidden Bearish Divergence on the daily chart with Altcoin Market Cap.

altcoinb

Since we are experiencing many market factors like high inflation and recession fears along with Fed rate hikes for 2022 and also the overwhelming defi platforms going insolvent this year the price of Bitcoin may not be at its bottom point yet. This is actually my first ever bear chart analyses for the next 6 months. It is apparent that the expanding cycle theory...