Tonight I’m going to chart the big boys. I also got one request from nitrojon. This is just my technicals and my thoughts. I believe that support/resistance is king in crypto charting. You can talk about Triple Golden Crosses and Double Haiken Butthole Star Dojis all you want but I like to focus on what matters and what I can see in the charts. Crypto cares about support and resistance just as much if not more then stocks do, imo.
Since there are so many newcomers to this space, I believe its important to show the big picture here. This is the BTC 1w chart backed out to show the last 5 years. You can see the channels I have drawn for the the last great bull run and this one we’re currently in. There are support/resist lines that held true for years. Gorgeous chart here.
You can see the top of the first run there is a range we held for 5 days that included a tap to ATH ($64,899).
Let’s shoot over and look at the chart from 1OCT21 until now…
We are in the same range but with a press to a new ATH.
Here’s the whole channel. We’re testing the bottom of this trend today so we’ll see if my lines hold true. I always get excited at times like this because it puts the technicals to the test. I will straight ₿ust a if ₿itcoin bounces above $63,000 tomorrow. Shit’s making my hard.
The Ξthereum chart is fucking insane. It is the chart that made me fall in love with charting crypto. Here’s the big picture on the 1w chart. We will zoom in and make things clearer.
I am forever bullish on Ξth. Vitalik is a genius.
The 1d chart shows us the path of destiny. As you can see, from my shitty highlighting job, ETH has lost this channel two times it began back in 2020. Yes. ETH was fucking $300 a piece in 2020. Once this was lit it didn’t stop.
ETH has reclaimed this channel twice as well. Looking at this chart shows you the pure strength that ETH has. Its a juggernaut that wont be stopped. Every dollar you put into ETH is guaranteed gains in the years to come.
I’m beating a dead here but ETH is the TSLA of crypto. The 2h chart shows that.
I know nothing about the fundamentals of AMP. Was just smacked into a downtrend after initial pump on Coinbase debut. Downtrend has definitively ended. This could see ATH which is double it’s current price in the chart (.06064)
Levels to be watched are:
Res: .06366 > .07286 > .0880
Supp: .05200 > .04475 > .04082
Bounced of support as predicted in last post. Now rangebound between 1.09 and 1.31. Break of 1.5890 for clear skies to test ATH. Also possible GME NFT partnership announcement etc.
Starting to become one of my favorite charts. SHIB holds the channel like a graceful beauty. Taking two near hits on the bottom . We are rang bound for now but hoping we test the top of the channel soon.
2h chart shows the volume on the bullish engulfs and the close call on that bottom channel leg. If we break 656 and 750 we’re clear for the fuckin’ moon.
Res: 625 > 656 > 750 >
Supp: 581 > 415 > 320 >
Sorry this is so long…hope it helps anyone. Feel free to ping me in #crypto or reply here if you have any requests for the next post.