AION vs QSP & ADA

One more coin is printing a pattern so familiar to us - AION

AION has a well defined resistance 1 at ~0.00001300. This is the major resistance that’s been rejecting the price for more than a year. Now, after so many attempts to break through, we are very close to a Big Breakout

Two major MAs are below acting as a tremendous support along with the local rising support trendline

🎯Once the Resistance 1 broken, the path towards next significant levels (Resistance 2 & Resistance 3) is clear

(bullish case is valid until the support cluster is broken)

🚀QLC broke out as expected!
EMA21 perfectly held up the price

🎯First target reached! 9% profit so far

🎯QLC all targets reached!

Profit 32% on this FREE call. Congratulations to those who followed!

🎯 POWR bounced right off of the support and hit the first target!

Profit 10% so far

⚠️ BTC broke out of the channel and now testing the 50-Day MA

This is a very important resistance to break through for the bulls

Important BTC Dominance update

Last update was long ago relatively speaking - on February 25th
Dominance had been moving inside of the upward channel

And at the time of that update BTC.D hit the bottom of the channel which was in line with EMA100. I was calling for a return to 70% dominance and it happened exactly like that. We approached 70% BTC dominance on a wick late May. Since then we’ve been seeing an Altcoin party

❓The question is how long will it last?

The thing is I do not see anything bullish on this chart (which is good for alts)

The channel got broken to the downside late May, and what’s more important at this stage is that we finally broke EMA100 down!

📍Last week was the first week that we fully opened and closed below EMA100 since June 2019

I believe this is significant for alts as many of them are printing bullish patterns



📌Here is something interesting. Let’s compare August 2018-June 2019 to January 2020-July 2020 and mirror January 2020-July 2020 properly so that the EMA100 is in the same place and has the same direction

We see that the structure looks pretty similar: we had 3 drives into the EMA100, on the third one we broke above it. And now focus on that small piece of the chart where we break above EMA100

💡The current picture looks very similar to what we had in May 2019 (that’s exactly when BTC took off and alts got completely destroyed), but now on the inverted chart!

Which means that according to that fractal, we are going to see maybe a shakeout back above EMA100 (most likely due to major BTC moves), but then to continue the down trend on BTC Dominance, which means Altcoin party will go on

🎯XZC hit the second target!
Profit 30%

BTC update

So, BTC closed the daily above MA50 yesterday

Today the price has tried to go back below it, but the bulls stepped in and we left a wick below MA50

Need to see the daily close, but things start to look slightly bullish🐂

❗️However the lack of volume is concerning

It would be ideal for the bulls if we close today above yesterday’s high and previous swing high (they are pretty much at the same level)

🎯QSP all targets hit!

Profit 31% on this free call for you guys

This was a perfect trade!

PHB/BTC looks similar to QSP before a massive breakout

Forming a pretty decent ascending triangle, MA100 on 12h acts as a perfect support. As long as PHB holding above it I expect PHB to breakout📈

🎯Breakout targets on the chart

🔥🚀 PHB has taken off!

🎯First target already met for 9% profit!

Like the majority of the alts, NEO/BTC has also been accumulating for quite a while

Now trying to break out of the upward channel

📍Looks like NEO has broken through the Point of Control on VPVR, but the price needs to sustain it

Major MAs are below providing support

Bullish at the breakout

WAVES/BTC recently tested the resistance again but didn’t manage to sustain the breakout. Another rejection as the result

[ If the resistance gets touched for the third or fourth time, it becomes a level that is going to get eventually overtaken. Yes, it may reject the price again, but the probability of that happening is low ]

📌Golden Cross between EMA50 & EMA200 is present on the daily

💡I do not rule out another curve down (but not lower than the previous one and not lower than the long term MA), but WAVES breaking through the resistance is a matter of time

🎯PHB hit the second target!
Profit 24%

🚀 BTC hash rate hits new All-Time High!

The higher the hash rate, the more power there is - this implies that miners believe in the profitability of mining, and have a desire to increase network security!

BTC update

My previous analysis was quite on-point!

Like I mentioned, going above 9450 was a full switch to bullish trades

And look at that: today BTC reached 10.2k! Congratulations to those who followed my analysis!

Good to see some volume finally showing up, but it’s not remarkable yet

🔑 Key level to close above is 10-10.2k. If we do, I expect BTC to go above 11k

📍CME BTC Futures Gap: 9925-9645

⚠️Funding on BitMEX hits dangerous value for the bulls

⚠️Time to be cautious since there is a TD-9 Sell on the Daily BTC chart

📌This indicator has been pretty accurate at calling local tops resulting into 5-20% pullbacks

If we don’t manage to close above the resistance level today, this will look like a perfect top


In addition, there’s a decent gap on CME BTC Futures at 9925-9645 + Funding on BitMEX is pretty high, which incentivises a Long Squeeze