FieryTrading

FieryTrading Updated 

Quick and dirty analysis coming in. BTC just hit a 3 week diagonal resistance. For the bulls it's going to be a make it or break it moment. If we can close the day above 29.8k we can make the assumption that the relative bearish times are over. However, we're not there yet! Stocks have sold off hard today, which makes it more likely for bearish price action. In...

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If you enjoy this analysis, please give it a like and a follow. I've made several analyses on Bitcoin's extremely low volatility over the last couple of weeks. In this analysis, I want to take a look at yet another metric that measures volatility: BVOL7D, on the daily chart. On the top chart, white, you find Bitcoin's historical volatility. On the bottom chart,...

FieryTrading Updated 

If you enjoy this analysis, please give it a like and a follow. In this analysis I want to take a look at Bitcoin's chart over the last ~2 years. Note that the top purple resistance of the channel is a direct copy of the bottom support. Time is running out for the bulls. BTC is just a couple of days away from potentially breaking below the yellow bullish...

FieryTrading Updated 

After topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern. My expectation is that we're still going down. The 115 area seems like a decent area for a...

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If you enjoy this analysis, please give it a like and a follow. MANA has been losing value for nearly 2 years at this point. However, I anticipate that there's some decent money to be made on MANA in case this falling wedge pattern plays out as I expect. MANA looks weak, and will likely lose more value in the coming weeks/months. I'm going to be very patient...

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If you enjoy this analysis, please give it a like and a follow. ID is one of the newer tokens on Binance. At the start of the listing it showed some strength, but has sadly been selling for months at this point. However, ID has broken out of a one month downtrend by breaking through a diagonal resistance line, see chart. My assumption is that, with some luck,...

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If you enjoy this analysis, please give it a like and a follow. With XRP's lawsuit behind us, a lot of the bearish sentiment has been cleared. Still, it appears that this event had little staying power with the bulls, since XRP has given up around half the gains it made shortly after the SEC news. Nevertheless, I'm long-term bullish on XRP. As seen on the...

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If you enjoy this analysis, please give it a like and a follow. ETH has been trading practically flat since the start of April, well over 4 months at this point. Similar to Bitcoin, ETH is trading alongside a strong diagonal support, keeping the bulls in power. Looking at the chart, we can spot a classical Head & Shoulders pattern, which often signals an...

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If you enjoy this analysis, please give it a like and a follow. Since the start of 2023, Bitcoin has been in a bullish phase after 14 months of selling. Personally, this is the most boring bullish phase that I can remember. As seen on the chart, this whole mini bull-run has been the result of 12 big green days. We're now 217 days into 2023. What generally...

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DOGE has been trading inside this bullish channel for nearly a month. Note that the top resistance of the channel is a direct copy of the bottom support line, making it a perfectly parallel channel. Stop just below the most recent low, target at the top of the channel.

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SAND is weak. No reason at all to look bullish at this token. The bearish triangle on the chart is taking shape very well. Some more red days and we could break out of the bearish triangle. Please wait for the break out to confirm with the price closing below 0.325 on the daily chart. My target is the 2021 lows, which could be the bear market lows, we'll see by then.

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HBAR has been holding up reasonably well compared to many other alts. For that reason, I'm more confident to look for a bullish reversal pattern to play out. My entry will be around the bottom support, stop just below 0.05, target at the top resistance of the rising wedge pattern.

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If you enjoy this analysis, please give it a like and a follow. In this analysis We're going to take a look at the stablecoin marketcap, USDT and USDC to be precise. As seen on the chart, the stablecoin marketcap is trading in a well-defined bullish channel. Consequently, every single time that this metric has touched the bottom support, Bitcoin dumped. I'm...

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If you enjoy this analysis, please give it a like and a follow. Today is the big day: the third LTC halving will happen in a couple of hours. This means that the rewards from mining will be halved, same as the BTC halving. Although the LTC halving has been generally a bullish event in the months before the halving, it has always been a bearish event once it has...

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I've been looking extensively at XLM over the last few weeks. In my previous analysis I was patiently waiting for a moment to enter long. In the end, my entry target has never been hit and my bias switched bearish. As of today, XLM has seeming broken out of the triangle. Since it's a bearish break out, we're looking to short this token. Stop above the most...

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Bollinger Bands Width (BBW) indicator is derived from Bollinger Bands, a popular tool for technical analysis. It measures the distance between the upper and lower bands, indicating market volatility. A low BBW suggests low volatility and consolidation, while an increasing BBW indicates increased volatility and potential significant price movements. Bitcoin has...

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WLD is a relatively new token, so keep in mind that it's fairly volatile. Nevertheless, is seems that this token is forming a bullish triangle. In this analysis we're anticipating a break out from this pattern, but waiting for the pattern to be confirmed. Wait for the hourly candle to close above 2.60 before considering an entry. SL below the purple area of...

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APT has been selling off for the majority of 2023 and lost nearly 75% of its value in the process. However, the fear based sell-off of early June has exhausted the bears and given opportunity to the bulls to step in. With BTC making new yearly highs it's a matter of time before APT will break the bearish spiral and move up again. Wait for daily candle to close...