@XRPathologisti
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Founded one of the first synthetic grass & golf systems companies in the US in 1998. I consult on large golf systems projects world-wide. Avid crypto investor.
Joined January 2022
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#ZECBTC price has pushed just above the .702 fib level and into an area of short order blocks on the weekly chart.
Just food for thought when you combine that with the $ZEC price hitting just below the 1.618 fib extension at $1,693.20 and the upper rail of the channel on the 4H chart. That's just $6.80 below my projected target of $1,700.
For all of the Zcash followers who have watched my analysis for years now, I want this asset to go much higher for you. I'm just presenting the TA as currently it's flashing several warning signs.
That doesn't mean it can't go any higher but it's a good idea to understand what the charts are flashing in order to apply the best risk management for the worst case scenario, which could be a structural reset before moving to higher prices.
Here's the chart structure for #LTC on the 1H. Price expansion for this ascending triangle should happen within the coming hours or into the early morning tomorrow.
I can't tell you whether the expansion will be up or down, but if it plays out as a bull flag, the expansion will be upwards as high as the .702 fib level, in the low 90's, if the measured move plays out.
Have to step away from crypto from time to time! We decided to come to our town square to walk the dogs and see the Corvette event! Second vid is a 63 spit window, the year I was born! Very valuable car!!
This is off topic but it scares the absolutely sh!t out of me for humanity's future!
When I was in college I had to go to the library and find books to read for a research paper. We did not have computers. I had to look in an index card library to find these books and then I had to walk to the isle and shelf they sat on. That was the easy part.
I had to then read each book to find the information I was looking for in order to complete a research paper. I had to either write the paper by hand or use a typewriter.
There was no Google, no AI, and no cell phones. There were absolutely ZERO instantaneous information sources that existed.
I also played on the football team and had to dedicate several hours per day to practice, film study, and weight training, all while also studying to get an education. I was in college from 1982 to 1987 to give you a time reference.
Today's technology is creating lazy people who are looking for someone else or something else to give them the information or do the work for them.
I can't imaging how much easier college would have been if today's resources were available to me then!
However, in the end, I'm glad I didn't have any of that because it taught me how to do hard work, find the answers myself, and use my own brain to come to all conclusions!
I'm worried about how lazy people have become because of today's technology. That doesn't bode well for the future of the human race!
Technology can be beneficial in many ways but only if used correctly. We need to get back to the basics and use that technology correctly.
Hard work, where you have to use your own brain to find the answers, and your own body to do some of the work needs to be foundational. Understanding this is much better for the future of humanity!
I don't give these often as I don't like them to be construed as "hype" but my macro target for algorand:native is $25 to $28 on a log scale chart and fib.
Why or how is this a realistic target as many would think this as impossible given that Algorand currently sits at just around .12 as I write this?
Because it's based on a log scale chart and fib setup that I've seen hit the 1.618 macro level before many times. It IS a a realistic target backed by chart analysis.
Market symmetry is real. It's amazing how many altcoin assets are at their macro structure midpoints at the same time!
algorand:native just touched the upper rail of the micro, rising parallel channels it's in, which happens to also be the macro, falling wedge structure midpoint it's been in for six years
I'm expecting price to eventually break through this area and push to the upper rail of the macro structure. How long that takes is unknown.
In a previous post I indicated you would probably see price action for litecoin:native eventually break through the channel midpoint, hit the .5 fib level and then bounce around between those two levels for a bit. That's exactly what you see currently.
Why does it do that? It's gathering up enough liquidity to make a push into the large, red order block area above, which also takes price into the most notorious profit taking level of all, the .618 fib level.
I believe I made that post a couple of days ago so feel free to look for it on my profile page:)
This is a long educational post but WELL worth the read!
One of the biggest problems I see with crypto influencers and self-proclaimed analysts is that they tell you what they think price is going to do, but almost never explain why.
That matters.
If you can’t explain the mechanism behind the move, there’s a good chance you’re just repeating something you heard somewhere else.
For example:
A chart can look absolutely dead. Price is falling, sentiment is terrible, and everyone assumes it’s going lower.
Then suddenly it reverses and breaks out.
Why?
Because maybe price was falling into higher-timeframe support while forming a falling wedge. The structure was telling you sellers were losing control even though the chart still looked ugly.
Or take the .618 Fibonacci level.
People will tell you, “Price will probably react here.”
Why?
Because the .618 is one of the most commonly watched retracement levels in professional trading. It often becomes an area where traders take profits, add positions, close shorts, or look for a reversal. The reaction isn’t magic. It comes from order flow and positioning around a level that thousands of traders are already watching.
Same thing with bearish RSI divergence.
People say, “Bearish divergence. Watch out.”
But what does it actually mean?
It means price is making a higher high while momentum is making a lower high.
In simple terms, price is still going up, but the force behind the move is weakening.
That doesn’t mean price has to reverse immediately. It means the move is becoming less efficient and more vulnerable to exhaustion.
Another example is support and resistance flips.
Why does old resistance often become new support?
Because traders who sold there before may now view that same area as value. Breakout traders may enter on the retest. Shorts may cover. Buyers who missed the breakout may finally step in.
That creates a cluster of demand.
Same thing with moving averages.
Why does price often react at the 200 SMA?
Not because the line itself has magical power.
Because institutions, funds, algorithms, and traders all watch it. Enough people care about the level that their collective behavior can create a reaction.
Why do breakouts often retest?
Because price needs to prove that former resistance can now hold as support. A retest also clears weak hands, fills resting orders, and gives sidelined buyers a second chance to enter.
Why do parabolic moves eventually correct?
Because price gets too far away from its underlying support structure. Buyers become exhausted, late FOMO enters, leverage builds, and there are fewer new buyers left at progressively higher prices.
Eventually the market needs to reset.
Why do liquidity sweeps happen?
Because stop losses, liquidation levels, and breakout orders cluster around obvious highs and lows. Price will often move into those areas, trigger the orders, collect liquidity, and then reverse.
Why do failed breakouts matter?
Because they tell you the market had an opportunity to accept higher prices and couldn’t. Traders who bought the breakout become trapped, and their exits can add fuel to the move back down.
Why do higher lows matter?
Because they show buyers are becoming willing to step in at progressively higher prices. Demand is moving upward.
Why do lower highs matter?
Because sellers are becoming more aggressive and are willing to unload at progressively lower prices.
Why does volume matter on a breakout?
Because price moving through resistance with expanding participation is very different from price drifting through on thin volume. One shows conviction. The other can be much easier to reverse.
Why do long consolidations often lead to large moves?
Because volatility contracts, positions build, liquidity accumulates on both sides, and eventually price is forced out of the range. The longer the compression, the more energy can be released when the structure resolves.
Why do macro structures matter more than micro noise?
Because higher-timeframe levels contain more trading history, more volume, more trapped participants, and more institutional attention.
That’s why I always try to explain the why behind what I’m seeing.
Anyone can draw a line and say, “Price should bounce here.”
The real question is:
Why should it bounce there?
Who is buying?
Who is selling?
Where is the liquidity?
What structure is price interacting with?
What does momentum say?
What happens if the level fails?
If you can’t answer those questions, then you probably don’t fully understand the trade.
Don’t just learn the pattern. Learn the reason the pattern works.
That’s where real technical analysis begins.
#Crypto #TechnicalAnalysis #Trading #Bitcoin #Altcoins
🤖 Made with AI
Recommendation to #LTC holders. As Litecoin continues its upward expansion, the narratives and hype will increase, good and bad.
Don’t listen to the noise. Watch the charts to stay grounded.
It will not go up in a straight line as much as your emotional impulses want that to happen!
Patience and risk management will earn you wealth!
Nice, structural consolidation and retest for $LTC as we now see more upward expansion.
Staying above and holding the .5 fib level is key as there is heavy resistance moving towards the .618, a common take profit level.
Look for a #LTC possible retest and hold of the upper rail before moving higher.
Altcoins GAIN MOMENTUM as Bitcoin Price Chart Sends Message BOTTOM BEHIN... youtu.be/-4L7A1_CITk?si=sVPY… via @YouTube
One of the things I want to point out about litecoin:native, that I Keep forgetting to mention is, the area price is testing right now is the macro, symmetrical triangle structural midpoint.
If you look at the price history the past 9 1/2 years, you'll see lot's of price fluctuations on and around this midpoint line. It matters.
When trying to evaluate the movement possibilities for $ZEC , just be aware that the RSI on the daily and weekly charts is still bearishly divergent.
You can't ignore these signals unfortunately, particularly after the recent parabolic move with no major structural resets at all.
I'm not telling you what price is going to do, I'm just showing you the charts to help you manage risk!
If I was to guess at an upper rail touch area for #ZEC, it would be where I've circled. Time is tough to predict but the confluence of indicators here aligns.
How it reacts a the 1.618 fib level, and that general area, will be a big indicator as to whether this asset will push higher or not.
We just saw the retest of the previous area highs for litecoin:native I was looking for. It's pretty consistent how often price will go back to these areas at some point.
This is why it's better to see the retests in smaller steps versus blowing through them much higher, which creates large swings to come back to them later.
As you can see, there was a wick down that was close but it did not actually touch either of the previous wick highs.
Don't get fooled by those as an indicator of a retest as more times than not, you want to see an actual touch. Price can retest wick highs as well as candle bodies lower in the box.
It remains to be seen if this will be low enough at the current level or if price will work down to the lower area previous high at around $64.
Two things to watch here with litecoin:native;
A possible retest of the lower support area as I indicated as a possibility in an earlier post or a retest of the most recent support area.
The larger support structure typically takes precedence over the smaller one so a retest of around $64 isn't out of the question. Determining which one is the hard part, if either happen at all.
Always consider multiple possibilities:)