cryptovatsik

This is a wild candle, not often do we see this much pressure. If this weekly closes back inside the range, it's pretty clear imo that the trend will simply continue. BTC has cleared the imbalance and already wicked back upside of the range low, wild stuff. Not bulltarding, just simple TA.

My estimate is that Ethereum will drop more in the short term along with the altcoin market as a whole, towards some form of a liquidity sweep of the lows (yellow, because it is the next support area) before reclaiming the macro range eq (green). If this happens, I'd expect a consolidation near the range highs (Red), otherwise if it becomes an expedited recovery then we straight push all time high (very possible). This is ESPECIALLY expedited if we recover the EQ faster than this chart suggests. This is not a chart to display my time-prediction, but rather the structure of price I would predict on a macro scale which could easily be translated into a weekly timeframe. Question is, how low can we get involved for? I think we are short on time for that, as this prediction would give us traders more time than likely warranted. Remembering, we could be due for weeks of consolidation, therefore I personally DCA every chance I get; dollar cost average. If you compare this chart to, say, Bitcoin in 2016, the similarities are surreal. This is a macro (long time frame) consolidation before a major, major , expansion, in my opinion. Trade safely, trade wisely. Vatsik

Keeping it very simple, sometimes less is more. Bitcoin has a clearly valid descending resistance that price is hugging on the monthly. Once it is broken, we will continue this bull market (yes, we are still in a bull market). Vatsik

Notes on chart, but I've been watching this beast for months now and it has shown massive relative strength time and time again. Absolutely going higher in my opinion, bullish high time frame price structure. Maintaining HL's and still within its local range. I do like to note the previous range as well as I think it has some influence still. Reclaim above yellow though and it is game on friends. KAS should be a top performer this run. Vatsik

Hbar is consolidating inside of a macro range and has been for 3 weeks now. This is not a bad thing, it's good in fact. It was recently broken out of a major resistance area at 0.09 (give or take), which is major and now all price is doing is consolidating right above. Preparation for another leg up imo. Green is target, but expecting higher (point of breakdown area denoted to the left of the chart). Levels above for future reference, but not relevant right now. Cheers, vatsik

RSR absolutely crushing it this past week and still not even at macro resistance yet. Question is, do we see some consolidation first before another god-like candle? I don't think this thing sees green again for a long time. The train has left the station. Vatsik

RSR has shown strength as of late, but better late than never. Currently it is attempting to depart from its macro accumulation phase (high volume area) and is pushing the first level of interest (dotted horizontal). Additionally, it is interacting now with the 100ema on the weekly time frame, meaning I think a shorter term correction is due. Long term, this chart looks fantastic. I think despite potentially seeing consolidation in the short term, this thing should push up toward our high time frame resistance (macro resistance) in the large red zone. This is the first higher high out of the bear cycle, so things are really just getting started imo. Don't sleep on it. Vatsik

Hi everyone, GALA games will hit an ATH sooner than we think, imho. As the bullrun heats up, altcoins will fly faster than we can responsibly manage. With that said, in my opinion GALA has not yet reached its expansion zone, yet. GALA has recently flipped the green baseline area, which is bullish. I'd expect a reasonable, healthy, and logical correction toward green in the coming weeks. We are currently trading in active HTF resistance (red) and I don't expect it will be easily flipped, perhaps I am wrong! We should at least get some consolidation over the coming week(s) imo. Either way, once that resistance is flipped, I believe we will see significant expansion to 0.20c and above. This is a long setup, yes, however with expected short term downside, so please do not immediately long GALA based on this post and analyze carefully. Cheers! Vatsik

Bitcoin has just reclaimed the range eq on the hourly, signaling continuation to come shortly. Yellow box displays the confirmed reclaim, and often these eq reclaims signal continuation in the trend. Not saying BTC continues its push for the long term, but at least on this lower time frame it looks primed for a move upside. Vatsik

I just longed RLC with a tight stop loss (%2) I just like the way it is shaping up in this tight channel and with the altcoin market showing strength today this one has been lagging. Looks good for a push to fill in the inefficiency above. May just dump and hit my stop overnight, but worth the risk imo. Trade safely, use stops.