FieryTrading

FieryTrading

GRT has had two significant bullish impulses over the last two years. With price action picking up again over the last two weeks, I'm betting that we're seeing the start of the third GRT impulse. Note the bottom dotted support line. This has held for the last two years, and is likely to do so for the time being. I'm looking for a move towards 1$. Stop below the...

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Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out. It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of...

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In this analysis I want to take a closer look at previous bull-cycles and Bitcoin's behaviour in the months following the halving. The vertical yellow line is the date of the halving. The purple rectangle is the price action of the 160 days following the halving. We can very clearly see a few interesting similarities between the last three cycles: - The price...

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As of this week the FED has announced that they will be slashing the FED funds rates by 50bps (0.50%). Contrary to popular belief, this is not necessarily bullish. Actually, the last three times that they did it was an indicator that a bear market was coming. As seen on the lower chart, once the FED cuts the rates, it has often signaled a stock market crash in...

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Most altcoins have been underperforming BTC by quite a big margin over the last ~2 years. If you look at most alts, they are edging around the bear-market lows or trading slightly above it. A far cry from BTC's ~4x above the bear market low. The result of BTC's overperformance is the sharp rise in Bitcoin Dominance (BTC.D). As of last week, BTC.D has made a new...

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In this analysis I want to take a look at BTC's short-term price action: what can we expect over the next few days? As seen on the chart, the price is currently slightly reversing from the diagonal purple resistance. It's too early to call for a reversal, but we have to be cautious nevertheless. On the bottom you can see the RSI indicator flashing overbought....

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LINK has recently touched the bottom purple support again. After 4 touches, this support seems to be an important level for traders. To optimize our entry, we're going to wait for the price to touch the support again in the coming weeks. With a stop below the recent fear-low and a target around the current all-time high we can construct a very decently bullish...

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TAO has been forming a bullish head & shoulders pattern over the last couple of months. The pattern is still not complete, so be patient for it to complete. If you're confident that this pattern will play out and the market will reverse, take a look at the higher risk trade I put on the right. Tighter stop, so higher potential profit!

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This analysis is a follow-up on my previous ID post. As of this week, ID has successfully touched the bottom support and reversed from it. Too early to tell whether this is a long-term bottom, but at least the support held strong. If you were ever considering to buy ID, this is the time.

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In this analysis I want to take a closer look at the state of the market. ATOM Was a decent performing token in the previous cycle, but it sadly failed to impress investors this cycle. Most striking is that ATOM is one of the few alts which has actually made a new bear-market low. This token has never entered a bullish phase like most tokens did and has basically...

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TON has seen some serious volatility as of late. The founder, the CEO of Telegram, recently got arrested in France, which send the token down. For investors who missed the boat before, this is a great chance to step in. TON has arguably the biggest app for communication behind it, so there's still room for growth once Telegram incorporates TON into it's...

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In this analysis I want to take a look at the BTC_ATHDRAWDOWN indicator, which tells us how much percent BTC is trading under the current all-time high. Every time that BTC makes a new all-time high this indicator reaches a value of 1. As seen on the chart, BTC has seen a lot of big drops during bull-markets. Most of these drops have reached the yellow area...

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In this analysis I want to come back to an analysis I made back in March and June this year. I talked about my Logarithmic Price Bands indicator and how it has successfully predicted a BTC top around in the yellow band. Over two months after the analysis, the price has fallen through the yellow price band again. It's looking like BTC is losing upward...

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Today I want to try something different. I want to talk about your most unpopular opinion, the kind of opinion that will get you a lot of 🤡 emoji's on here and other forums. This is your chance to share your widely unaccepted opinion. Most might disagree, but deep down you still know that you're right. Here are a few of mine that might rustle some leaves: -...

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In previous ETH analyses I talked about this huge 8 year wedge pattern on the ETH chart. Where my initial takes were bullish, we've seen a bearish break out as of last week. From a neutral point of view, this is 100% bad news. ETH will likely fall more and move towards the 1000$-1500$ area (yellow). Might be a hot take, but most alts have been performing...

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In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins. Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask...

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The yield curve, which shows the difference between short-term and long-term interest rates on government bonds (US10Y-US02Y). In normal market conditions, this number should be positive because the interest that investors require on 10Y bonds is higher than the interest required on 2Y bonds. Interest is a value of risk perception. Higher risk of default means...

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SOL has been trading inside this triangle pattern since practically forever. I'm not calling for a bearish move here, I'm only sharing my view from where I will enter if we continue to go down. The bottom support has been holding on 4 seperate ocassions, my assumption is that it requires a lot of power to fall through, since bulls will be buying from...