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Strong Rebound for Solana
SOL is forming a very bullish rebound from the buy zone between $121 – $135. There was a long wick down to around $110 caused by the weekend selloff, but this dip is clearly being bought up and the crypto markets are rebounding. I have the red trendline as a key resistance target around $160, […]Read More
Japan’s Recent Crash Signaling the Start of the Crypto Bull Run
In my video with Mike Fay we discussed Japan’s Nikkei 225 Index, and I found something very shocking on the charts. NKY’s last crash was on Feb. 20, 2020, which sparked the start of the crypto bull run. I think NKY’s current crash has a strong resemblance to the COVID crash, and both occurred around […]Read More
Bitcoin Bear Trap, Japan’s NKY Crash, Crypto Fundamentals | Chart Champ Podcast | Ep #3: Mike Fay
Welcome back to another podcast. Today I am joined by a special guest Mike Fay, who does an excellent job analyzing the crypto market. We discuss Japan’s NKY crash, the carry trade, state of the crypto markets, a potential stock market crash after the Fed pivot, Solana vs. Ethereum, crypto fundamentals & more. Follow me […]Read More
Altcoin Market Drops Below $500 Billion Market Cap
The Altcoin market has taken a nosedive primarily due to Ethereum’s poor ETF launch. Many were hopeful for Ethereum to form a bullish breakout and lead the Altcoin market to a bull rally. Grayscale ETF holders have provided a ton of sell pressure, and Ethereum has experienced net outflows so far. We are seeing a […]Read More
Solana Wicked Below $121 Support
Solana has dropped below the $121 support level, but is forming a rebound and wick back up. If Bitcoin rebounds I think SOL will climb back above the $121 support line. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreETH Plummets to $2,125 Support Zone
There was a tweet that says it is nice of Ethereum to underperform throughout the bull run and then lead the market crash with the largest losses. This is definitely a true statement, a lot of people got bamboozled by the Ethereum ETF launch and wrecked with this black swan. Ethereum has dropped significantly, and […]Read More
Bitcoin Holds Bull Flag Support
Bitcoin has experienced two weeks of decline, and is currently trading below the bull flag. The markets are clearly in a state of panic right now, I think the Fed could restore some confidence in the market with an emergency rate cut to help stocks and crypto rebound. For now I’m waiting to see if […]Read More
Solana Flipping Resistance Into Support
Solana is forming a sharp selloff for the week, but is still rebounding from a key red trendline. Solana is flipping this red trendline from resistance into support around $162. The weekly candle looks bearish so I would monitor to see if the price level holds over the weekend. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreEthereum Support Zone Between $3,080 and $3,176
Ethereum has been trending down for 4 weeks despite an ETF launch. There is a support zone between $3,080 and $3,176, and I would monitor to see if this support zone holds over the weekend and early next week. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreAltcoin Market Forming a Correction
The Altcoin market was red yesterday and is selling off a bit more today. I think there is a trading range between the light blue channel and room for ALTS to drop lower over the next few days. The price action will depend on Bitcoin’s price movement, and for now Bitcoin looks like it can […]Read More
Bitcoin Ready to Go Parabolic
Sideways Price Action for Bitcoin Since Tuesday Bitcoin had a very bullish start to the week with a strong rally on Sunday and Monday. However, the price action has been neutral since Tuesday, and Bitcoin is experiencing resistance near $73.7k all time highs. Bitcoin is retesting the local lows around $71.3k, and I think there […]Read More
Bitcoin Rejection at All Time Highs
Yesterday Bitcoin formed a rejection at previous all time highs around $73.7k. There was a pullback from this red resistance line, and it looks like BTC is forming a bullish rebound around $71.3k. I would monitor for a break or rejection at $73.7k over the next few hours and days. Bitcoin has successfully formed a […]Read More