JoshAMS

Over the course of the last few days we have seen a local top of BTC above $44k. The following move was a drop towards $40K levels after which many traders & analysts were speculating a drop to potentially 36K or even lower. Looking at the price action of BTC on the 4H timeframe we see that it is moving sideways in a 'box' which has started to look like a move of consolidation. Initially it seemed like it formed a double top which could have led to lower lows, but the recent bounce on 41.7K seems to have invalidated that scenario. Looking at the current price action I believe that due to its higher highs and higher lows, its realistic to a assume that BTC will print another higher low before breaking out to 47K. This spike upwards could be pushed further towards 50K+ in case of ETF approval on the 10th of January. As always, this is my view and not financial advise. DYOR and trade with care!

Bitcoin bullflag ready for next leg up After a huge breakout from its falling wedge Bitcoin has been consolidating for a while and maintained its closing price above 30K. At first it seemed that it was forming a triangle with breakout potential to its upside. Though as soon as that seemed to happen it turned out to be a fakeout from a flag pattern instead of a triangle. In any case: the short term looks very bullish. The MACD is slowly also changing its direction + price moves completey sideways on the lower time frames. My personal view is that we are preparing for another leg up towards 35-36k. #NFA #BITCOIN #BULLISH

Hi all,Now that BTC has slowly made some moves in the direction of higher prices we see some altcoins to move further up as well. Enjin has been in an downtrend for a while a pretty good bounce up to $2.18 a few weeks ago after which it dropped back to as low as $1.30 ranges which also works as a very strong support (see the green bar over the width of the chart)Now, the reason I am bullish on Enjing is because the chart is clearly showing some bullish signals:1) The price on the DAILY timeframe has formed a falling wedge, which is bullish2) The RSI has showed bullish divergence (price goes down, RSI moves up)3) The MACD lines showed a bullish cross on the D chart as well.We already see Enjin pushing out some green candles with the 50D MA coming up (red line) which it will face around $1.60. As soon as it passes that resistance I believe prices can be seen in the $2 range again. I will certaintly keep an eye on how the chart continues the develop.#notfinancialadvice

Hi all,The last few weeks I have been looking at the BTC chart over and over again to determine whether the trends was bullish / bearish. I figured an important trendline was broken and that a potential bear market could be around the corner.... UNTIL i charted zooming out, starting on the 3D and 1W chart where I found this beautiful ascending triangle which has formed itself over a timespan from more than 1 year. To me this looks bullish AF! What do you think? Would love to hear your view on BTC too!#notfinancialadvice

As BTC has been dropping for a while now, so has the rest of the market. For SAND this resulted into a falling wedge, which at some point wil break out and will continue its bullish trend.Though, as we now see more correlation with BTC than the previous weeks is also good to understand what BTC is doing. BTC fell throught its trendline that was holding since early summer and is now trading around 49,5K at the time of writing. I believe that BTC will retest 47K in the coming days (today / tomorrow) and will drag all other coins down with it. That is the moment where I want to accumulate my position in SAND, of which I believe that will be somewhere around $4.60, around the fibo support line. From here I believe BTC will go back up to the trendline at 55K, and Sand will make a strong move up as well, potentially to its previous high. Though, as soon as BTC reaches the trendline again, I will take my profit and wait for the next move. In the past we have seen euphoria when BTC went back up, but as the history teached us: a pullback to the trendline is the beginning of a very very big drop. Before that happens I want to be out and have my money stalled in USDT so that I can buy back more coins for the same amount. Not financial advice, and happy trading!

SAND has been consolidating the last few days (compared to the huge spikes it made before). Of course we saw the whole market go down with the fall of BTC, but the metaverse (related) coins actually held their ground pretty well. GALA being one of them. For now SAND appeared to create a SHS pattern on the 1H chart, but when zooming out, or looking on the 4H chart, its clear that it is actually forming a bullflag. I believe that we could see one more dip to $6.21 after which some green candles will follow and break out up to $9.15. If the price action is strong enough, we might even see prices close to $10. Though this is a dangerous price as I believe a lot of selling will be done there due to the psychological price level. Trade with care, and as always this is not financial advice but just my view on the chart!

At the moment of writing, SAND has passed the 1.618 fibo line and is currently testing it after a small retracment. If it holds (and I assume it will) I am sure we will see some further upside to $9.5.Where I am a bit worried about though is the big blue trendline, which you might be able to see if you zoom out. To my opinion it is very unlikely that the price will break that trend line with confidence. But, if it does I think the market will go even crazier.Still, I will be looking very carefully on what the price will do there as I believe a bigger retracement will follow.Trade with care. This is not financial advice

With all the bullish sentiment around gaming, NFTs and Metaverse we see a lot of coins pumping like hell. Now that the NFT gaming project GALA is listed on Binance it has been pumping for days.It's always hard to define where the top will be and when to step out, though I believe that there is still some room for growth for GALA considering its low market cap (xxB at the time of writing) and the bullish sentiment around the sector.When drawing fibo extension lines from the last bottom it made, i believe we are going to see $0.80 today, after which a small retracement will follow. If it then breaks through the 1.618 we are most likely going to see the $1 mark soon.It could very well be that even before we reach $1.10 a lot of selling will happen as the $1 mark is a psychological line that we are then crossing. I will surely put an alert around $0.95 to ensure I can monitor the activity around the $1.#notfinancialadviceAs expected (see arrow on the chart) the retracement took place. GALA is now back to its ATH and will most likely continue to the top of the arrow if it can collect enough liquidity to do so.

BTC has been correcting the last few days after making a double top in the uptrend channel. Despite the fact that the fear and greed index went back to 'Fear' there is actually not much to worry about. It looks like the bottom has been set and that BTC is about to bounce with confidence and move its way up to 77,5K.I believe that we will go back to ATH levels in the next few days, potentially before the end of November already, if volume and price action is strong enough we should be able to see some new momentum in price discovery.Please note, this is my personal view on the chart. Not financial advice.

SAND has been on a growth path the last few weeks. Of course this was partly driven by Facebook its rebranding to META, pushing other metaverse coins to new highs as well. On top of that SAND has announced its long waited launch later this month (29th of Nov) for an exclusive group of people at first. This news, along with its strong set of partnerships is making SAND its price push almost instoppable. What is beautiful to see as well is that the positive sentiment around SAND makes it barely sensitive to the price movements of BTC. On the chart you can see that it has passed the 0.618 fibo extension line and is now heading to the 1.618 followed by the 2.618. My guess is that it will reach the 1.618 today or tomorrow, after which a small retracement will follow. I dont expect it to go back all the way to its previous fibo line but that it will bounce back and make course to the 2.618 of $9.5 dollar. This will be the point where I will sell as I do expect a bigger retracement from that point. After that happens I will look for another entry point on lower pice levels, as I believe that the metaverse coins are going to be super bullish in 2022 and beyond and are therefore a great investment. #notfinancialadvice