ColdBloodedCharter

PEPE is done for this cycle, one of the worst looking long-term charts I have analyzed recently. Not touching that crap is the only reasonable decision and here's why. 1) BEARISH PENNANT breakdown, retested. Technical target, ZERO. Literally zero. 2) VOLUMES on a steady DECLINE since MARCH 2024 madness. Memecoins that have zero instrinsic value or use cases live and die by social interest or a lack of it. Simple as. 3) below the short-term 50 MA on the WEEKLY. Momentum non-existent. 4) LOWER highs and EQUAL lows = another bearish chart pattern forming (DESCENDING TRIANGLE, breakdown point $0.0000087). 5) in terms of ELLIOT'S WAVE count, this is clearly WAVE C, active and pointing towards $0.00000204. I could go on, but these 5 main observations should be enough for anybody who realises that ignoring strong TA signals is the quickest way to stay poor in this crypto game. I put a big-backside arrow on the chart to show where I would flip BULLISH again. Set alert to notify me when #pepe touches the 50 MA, if that happens I will re-evaluate my turbo-bearish stance. 💙👽

Look guys I really don't want to come across as some sort of a HYPE hater cause I actually like all DEXes and all things decentralized. Decentralisation is in fact what bought me to crypto over a decade ago. But I also live off charts full-time (plus overtime) and I trust the charts more than I trust people. And this chart has looked bearish since it made ATH while inside a RISING WEDGE with both OBV and RSI bear divergences. I made around 10 posts (and took one short) with warnings as the situation was developing and nearly every day it's been getting worse, no recovery (no buying volumes spikes). So now it's in a DOWNTREND after a lower high was confirmed, the RISING WEDGE breakdown is retested plus the HEAD&SHOULDERS pattern clearly formed. Lots of LONGS will get liquidated below $40 but hopefully none of my readers' ones. What's really compellimg here is that three independent technical analysis events point to the same target ($20 roughly): both of these two patterns that I mentioned above plus Wave C (fib 1.618). This is very very rare. Yes, that target is ultra-bearish and sounds like a CRYPTO WINTER target. But this is the DAILY chart, the most important one for this asset, which hasn't even had its 1st birthday. Anyways, breakdown below $40 would make it even more bearish. All I wanna say in this post is that not every dip is worth buying on every asset. Do what you will, I definitely am NOT trying my luck here. If anything, shorting seems much reasonable here. 👽💙

My CRV long (opened at $0.797) at TRIPLE SUPPORT, is it going to get liquidated today, let's have a cold-blooded look on the DAILY to assess. First of all the GOLDEN POCKET situation, so I'm buying SPOT, as I do, when every panics, I do the opposite. Hence why I tend to have the opposite results to most people. Not on each and every single entry, but as a whole. That's number 1. Now on to the TRIPLE support, and this is a superb confluence of: -200 MA (green line below the golden pocket, nicely curving up, that's bullish) -Falling Wedge's upper trendline also acting as support (bullish retest if it holds) -horizontal support + VRVP profile + 70c being a round, psycholigical number. Buyers should step in if no further panic today. So, in a nutshell, my LONG position in hot water, STOP LOSS protected by TRIPLE support, SPOT entry executed. Time will tell if this blood-buying worked or not. Best buys are always done when retail panics for no reason. Yeah, Powell's speech soon, once that's out of the way I predict a bounce that will leave the panicans crying. That's why the streets rarely make money in these markets💙👽

F FLOKI right above the GOLDEN POCKET on the DAILY chart. Buying SPOT at @ $0.0000994. Betting on the biggest memecoin (actually not a true memecoin, more like a hybrid due to a growing ecosystem) on BNB is no-brainer. I really like the chart, the FALLING WEDGE breakout (with a text-book VOLUME spike as well) , the price above both 50 and 200 SMA, RSI at 56, lots of room to start going up, even the fact that all liquidity below has been swept with plenty overhead (see attached: LIQUIDATIONS heatmap for details) to go for. I will definitely add more once we establish an UPTREND (above $0.00011) properly, but I don't want to risk missing out as these FLOKI pumps tend to be violent. So this is my 1st batch and there will be one more, most likely. STOP LOSS for the spot - if the falling wedge BREAKOUT fails. Simple as. I opened a LONG position already yesterday ($0.00017), and keeping that, quoted post for details. STOP LOSS under the 200 SMA. 💙👽

BNB keeps smashing bears on a daily basis, I was considering a SHORT yesterday due to overbought RSI on all timeframes combined with BEAR divergences on some. I obviously didn't pull the trigger due to the rising volumes (and OPEN INTEREST mooning). Good decision, as it turns out. So, WAVE 5, these can overextend beyond imagination, and the next target based on Elliot's Wave Count would be at 1.618 Fib extension - $1523. Taking profits there makes a lot of sense especially if the #Binance coin keeps going vertically without a correction. Buy-the-dip levels are right there on my DAILY chart, the three most likely retracement are as follows (WAVE A: corrective wave): - fib 0.382 ($1190) - fib 0.5 ($1141) - fib 0.618 ($1092) We will get a brutal correction at some point, and BNB is going to keep outperforming other top coins, already bigger than XRP in terms of marketcap. For now, let is continue melting faces, and I will continue hunting for entries in its ecosystem. F FLOKI long in-play, a few other ones on my watchlist👽💙

Okay so I have gotten myself into a LONG position on CRV after watching it for weeks waiting for this FALLING WEDGE breakout on the DAILY. I finally got what I wanted, the breakout happened last Friday, but I didn't wanna enter when the BTC dominance was strong, and now it's not. As for the chart itself, OBV has been flat while the price was declining inside the wedge, which means that holders have NOT been getting rid of their bags en masse. Commitment to the project. RSI has been making EQUAL highs and only slightly LOWER lows while the price was in a DOWNTREND. Bullish divergences, mild ones but still BULLISH. This trade doesn't have a perfect set-up but I took it because I think the WEDGE breakout is very likely to hit its target at $1.05 and flush accumulated LIQUIDATIONS right above (up to $1.12, see the attached HEATMAP). STOP LOSS placed 3% below the (green line) 200 MA in order to avoid a wick down liquidation. Lower timeframes later on today, a LOT is happening today💙👽

CRV I'm longing @ $0.797. Details incoming within an hour or so. FALLING WEDGE breakout STOP LOSS: below the 200 SMA 💙👽

Yeah, BNB has been on an absolute rampage for three months now. Thinking of apeing into it? Perhaps you should have a look at the WEEKLY chart first. On 21 September I dropped the weekly timeframe analysis, talking about a 4-years old gigantic CUP & HANDLE pattern and based on that I gave a projected target of $1225. Guess what, it has been HIT today. That C&H pattern is a thing of beauty and will be featured in text-books soon. Picture-perfect. What now. Definitely no longs for me. If anything, I'm tempted to try a small-sized SHORT due to overbought RSI (78.5), and many BEAR RSI divergences on shorter timeframes (next posts of mine for these analyses). Not opened a position YET, I need a bit more time to think. What I am going to say is, be cautious with LONGS and even SPOT buys. It is just too oversold and too vertical👽💙

F FLOKI is the biggest 'memecoin' on BNB and now would be the best time to pay attention to it as the #Binance coin finds itself in Price Discovery. BNB's marketcap is above $162B, meanwhile FLOKI is under a billion. Can we expect it to decisively outperform BNB in Q4? I definitely think so. Let's have a look at the WEEKLY chart first to see where we are. First of all, it has lost 67% of marketcap value since the ATH made last year in June ($0.000347). Which means that if the memecoin (apparently much more than just a meme, it's a whole ecosystem in itself) only hits the current record price, it will have done 250% from here. Not bad. The WEEKLY chart reveals a huge FALLING WEDGE pattern with the current price trading roughly at mid-point after a rejection from the 50 MA. Also right inside a resistance zone (which acted as a support zone throughout the whole 2024). Bullish market structure was established last July and this past week FLOKI might have put in another higher low. Based on this macro chart, I will wait until we clear the resistance zone ($0.0001250) first. No rush, I don't long inside resistance zones. DAILY chart next, trading view alerts set at $0.0001160 (50 MA). Need to pay attention to this as FLOKI pumps are always explosive. 👽💙

HYPE is just looking like a disaster waiting to happen, I have been very bearish on it ever since $ASTER stepped into the DEX game, you know that if you read my analyses regularly. I called for a crash at $55-56 due to the RISING WEDGE accompanied by recurring RSI bear divergences. I even shorted it after the pattern's BREAKDOWN and that was WAVE A, which played out perfectly dropping a touch below the $40 mark. Then we obviously had WAVE B (which in Elliot's Wave Theory is a 'dead cat bounce', in most cases). That pushed the price above $50 briefly, bull-trapped a lot of people, and gave us a bearish retest of the RISING WEDGE breakdown. WAVE A also established a lower low, and if the WAVE B is complete (lower high!), then we can call it a BEARISH market structure. So now it would be a WAVE C which is a proper correction with the initial target of $39.25 (huge amounts of LIQUIDATIONS below $40, see the attached heatmap). Other targets are: $31.7 and $20 (which is also the WEDGE breakdown target, coincidence?). I'm trying hard to find some positives about the DAILY chart, there is literally nothing. Even the volumes have been falling like a stone from April (when #hype started its uptrend from $9.3). I call that BEARISH volume divergence. I'm not even gonna go into the upcoming unlocks again, or the impact of #aster and its crazy volumes and revenues. The DAILY is just a disaster, and I'm really tempted to hunt for a short here. Not on Sunday, though. Patience💙👽