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Nine_Minute
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Chart Analysis | Not financial advice. Only speculation | 50% of the time, I’m right, every time

$TSLA broke out of a month-long range, backtested it, and so far has successfully bounced off of it.

This range is a part of a greater range, so we can expect #TSLA to reach $300 in the upcoming months. #TESLA is currently at $256.

Back in 2011, $GOLD made an ATH, ranged for 2 years, before depreciating to a 0.702 Fib level.

#GOLD made an ATH in 2020, and has been ranging since. The 0.702 level happens to be at COVID lows.

The current price action of $BTC seems to be mimicking a pattern it created between June-August.

#BTC  accumulated, manipulated, and distributed. There was extreme fear for #Bitcoin  at the time, and some were clamoring for it’s price to fall below $16k. Good times.

Sometimes, I wonder if $BONK is the new #DOGE.

Keep a keen eye the price action once #BONK reaches support levels.

Last Christmas, I got my little nephew, #Bitcoin , for his gift. $BTC was $16,731 then.

Today, #BTC  has appreciated to $43,472.

He is now a two-hundred-fifty-nairer. You’re welcome, little buddy.

Also, Merry Christmas and Happy Holidays, y’all! 🎉🎁🎄

$BTC made a classic accumulation-manipulation-distribution pattern.

Over the past 4 days, #BTC  has been building a range (manipulation), and now has swept that range’s lows (distribution).

I’m expecting #Bitcoin  to go back to the lows of a greater range.

#Crypto environment predictions. Not #Bitcoin price predictions.

Still, interesting to muse over.

https://blockworks.co/news/wildest-crypto-predictions-2024

In April 2021, the price action of $XRP reacted, with precision, off the FVG, due to the #Ripple lawsuit.

However, the FVG created by the ATH of #XRP in 2018, still remains unmitigated.

When will the FVG be mitigated? That remains to be seen…

Been bullish on #crypto in general during this market cycle, so all my charts, on most coins, are starting to look the same, lol.

$ETH is no exception. #ETH is currently backtesting support, that was previous resistance since May 2022.

If #Ethereum bounces off that support, then it’s possible, it can make a 50% move up.

As much as I like #STX, most of the gains may already be behind us.

By conservative measures, there’s only 45% more to gain for #Stacks, until hitting major resistance.

But… here’s hoping for ATH and price discovery for #Blockstacks.

#SHOP is backtesting an order block that was created back in March 2022.

What we want to see is #Shopify rebound with momentum.

I would like to see #NEAR break $6.07 though. That’s when the real party begins. #NearProtocol

Is the end #near for $NEAR?

No, I don’t think so. It’s just getting started. #NearProtocol

$SOL is still at a discount, as it is under the 0.5 Fibonacci level.

#SOL will soon hit areas of resistance (blue bars).

Resistance in the premium zone, above the 0.5 Fibonacci level, is where one must really scrutinize #Solana’s price action.

Been keeping an eye on #Bitcoin  L2, $STX, since the #Ethereum L2 War of 2021.

Remember when #STX was $0.20? It’s now $1.50. That’s a 750% gain. #Stacks #BTC

Don’t get me wrong. I still love #Lightning.

$BTC has been quite resilient after yesterday’s pull back.

Can it pull out of its range? I can see #BTC being rejected, and pulling back to the bottom of its range.

Or… it can pull an Elliot 5th wave, break the range high, retest it, and lift off.

Show us some strength, #Bitcoin !

Okay, I’ll be honest. I signed up for #Damus, because #Twitter or #X or whatever the people call it these days, was down for 1+ hr.

I thought my account was suspended during that time, and I want to be on a platform where I can’t be censored.

Also, it’d be neat to send and receive #BTC.

How is everyone doing, today?