Crypto Skull

🔥 AXS: Waiting For Channel Break Out AXS has been trading inside this channel for almost 1 month now. In my view, AXS will break out at some point in the future, especially with Bitcoin showing strength. I'm waiting for AXS to close above the channel before attempting an entry. Targets in blue.

🔥 ICP At Serious Risk Of A Short-Squeeze A couple of weeks ago I talked about ICP , the break out through the bear market resistance and the short-squeeze potential that this token has. Seeing that Bitcoin has been falling over the last two days and ICP achieving great gains, I think there's an increasing potential for a short-squeeze to occur in the future. I'm sure that most of you know by now what a short-squeeze is after the whole GME thing, but it's basically short's which have to buy back in (close their shorts) because the price keeps going up. Seeing that ICP is one of the most shorted coins in the market, there might still be a lot of shorts that have to close their position at some point in the future. This could trigger some kind of short-squeeze. The near term targets from my previous analysis are still in play. However, I've added a short-squeeze target of $23 to my ICP outlook. Not sure if we're going to get it, but when we do, be prepared for some crazy price action.

Bitcoin Rejecting From Double Resistance: No Worries, Yet! Two days ago I made an analysis on Bitcoin where I talked about the falling wedge pattern that has broken out. My bullish targets have been hit, congratulations if you took the trade. I did expect a bullish move, but did not expect a move towards $25,000. In the end, we got more than we bargained for an rejected hard from the $25,200 area. In my view, this strong sell-off was caused by the fact that BTC has hit two MAJOR resistance areas at the same time. 1) The 200-week SMA is currently sitting at $25,000. 2) The 2022 summer high is placed around $25,200. These two areas combined make it a perfect area for longs to take profit. The coming days are still unsure. I still hold a bullish bias towards BTC . As long as we're trading above the $21,500 swing high there's little to worry about. However, we got some bearish macro news over the last few days and the stock markets didn't like that. If stocks will go down, Bitcoin will most likely follow.

Target 1 achieved ✅✅🔥

First target achieved ✅🔥

🔥 Bitcoin Following 2019 Golden Cross: Best Case Scenario 🚀 A couple of days ago I made an analysis on Bitcoin where I compared the 2023 Golden Cross with the 2019 Golden Cross. I wrote that we saw a ~12% correction in 2019 right after the Golden Cross occurred, and argued that we could be seeing a massive pump in case we followed the 2019 fractal . So far, so good! Seeing that we corrected roughly the same amount, we could also pump the same amount. If Bitcoin were to increase by ~179% from the swing low, it would bring us to a price of around $60,000 over the coming months. Note that this is my absolute best case scenario. I believe that there's still more gains to come from this point, but doubt we're actually going to see $60,000 this year, let alone in the next few months. Reasons being the overall macro environment and Bitcoin's diminishing returns over time. But still, a man can dream.

🔥Ethereum Closing In On Bear Market Resistance Ethereum has been trading below the Bear Market Resistance line for almost 1.5 years now. However, this might soon come to an end. In my view, a break out through this resistance can be the catalyst of a new bullish phase for ETH. BTC has already broken out through a similar Bear Market Resistance a couple of weeks ago, so now only ETH remains. Once the two biggest crypto's will be trading above said resistance it will give a clear bullish signal to the market. I'm looking at the blue lines for my targets. Wait for the break out.

Ethereum safe zone is 1665 and support is 1629 resist below this level will be crash to 1595 or 1590. For pump Ethereum need to stay above 1710 for 30 minutes after that Ethereum will make high to 1730 or 1760.

Bitcoin safe zone is 24500 and weaker zone is 24299 resist below this level alts coin will start bleeding and resist below this level more than 30 minutes will be crash to 24049 or 23799. For pump Bitcoin need to stay above 24859 for 60 minutes after that Bitcoin will make high to 25200 or 25600.

🔥 STG +50% Gains After Bounce: More Coming? Recently I made an analysis on STG and the bullish channel it was trading in. At the moment of my last analysis I argued that STG had likely bottomed at the channel's support and that a bounce was underway. If you took the trade, you had around +50% gains at the moment! For now, we're seemingly breaking out of the bullish channel , helped by the extremely good day that BTC is currently experiencing. In my view, we're likely going to see more gains shortly. However, I also recognize that we're getting fairly overextended at the moment, so I'm keeping my targets close. Targets in blue.

🔥 FTM Higher-Low Is Set: New Highs Coming In my most recent FTM analysis I talked about a Fibonacci reversal area that I was looking at. I argued that there was a decent probability for FTM to reverse from that indicated area, which in the end happened as expected. Congratulations if you made an entry! For now, I think the higher-lows are set. With BTC showing good signs after yesterday's CPI , it's likely that we're going to see more bullish price action in the near future. Targets in blue.

#GFT/BUSD Spot signal Entry : 0.10 - 0.08 (limit order) Targets 0.14 0.17 0.20 0.24 Stop lf candle 4h belowo 0.079

Bitcoin

🔥 Bitcoin Successful Falling Wedge Break Out After CPI In my most recent Bitcoin analysis I talked about this falling wedge pattern and how I was monitoring a bullish break out, since falling wedges are classically bullish break out patterns. All previous targets hit, congratulations if you took the trade. With a bullish reaction to yesterday's CPI , I think there's more to this rally. I think there's a decent probability that the lows are in for the near-term and that we're going to see more bullish price action, potentially even targeting $25,000 and beyond. However, that's still too early to say. Best case scenario would be a copy of the 2019 break out after the daily Golden Cross. See my analysis below.

#stg on 🔥🔥🔥

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Ethereum support is 1529 resist below this level will be crash to 1505 or 1490. For pump Ethereum need to stay above 1575 for 60 minutes after that Ethereum will make high to 1600 or 1620.

Bitcoin weaker zone is 22049 and support is 21750 resist below this level more than 15 minutes will crash to 21590 or 21400. For pump Bitcoin need to stay above 22450 for 60 minutes after that Bitcoin will make high to 23800 or 23000.

🔥 Bitcoin Breaking Out Ahead Of CPI Inflation Data Yesterday I made an analysis on BTC and the falling wedge pattern it was trading in. As of this morning, BTC has broken out of the fallen wedge and retested the top resistance as support ahead of the CPI data that will release in approx. 1 hour. In my view, the risk is to the upside. Over the last couple of CPI data drops the actual inflation rate has been lower than forecasted, which led to a positive market shock. Furthermore, Truflation is predicting a YoY inflation of 5.8%, which is much lower than the current forecast. If you don't know what Truflation is, look them up. They measure inflation data themselves and have been fairly accurate in predicting inflation as of late. If we will see a YoY print lower than 6.2% we can expect a massive pump to occur. Targets from yesterday remain the same.

Ethereum support is 1450 resist below this level more than 15 minutes will be crash to 1420 or 1399. For pump Ethereum need to stay above 1505 for 30 minutes after that Ethereum will make high to 1530 or 1565.