Asymmetry

2023-01-05 14:14:43 Matic/USDT

Going to keep this one simple; like many other coins that I will cover today, Matic is in a downtrend. However, this coin has held up better than most.
We have a clear downward channel that will need to be broken above to confirm a change of trend in the longer term; ideally, for bulls, the $1.25 resistance will also need to be reclaimed as support for the buyers to be back in control. The other level to watch for support is around the $0.50 region, as this is the weekly and monthly level of support. Anything below this will likely send price back to $0.30 Open / Comment

2023-01-05 13:49:15 ADA/USDT

One of the best performers of the previous bull run. Since peaking at over $3 in 2021, we have seen a dramatic pullback in price, currently trading at $0.26
Will we see another huge comeback, or is this coin now dead?
If we look at the previous cycle, we saw an almost two-year accumulation before the huge rise. This is something many assets do before a bull run. Looking at the current price action price is still in a downtrend with no confirmation of accumulation yet.
Price has found support on the yearly value area low, which will be important to hold; otherwise, further downside becomes more likely; further down areas of support are located at $0.15, which is a weekly level and a level that marked the start of the 2020 bull run. In terms of resistance, we have a weekly level of $0.32, with the most significant resistance at $0.45. This zone is critical for the bulls to reclaim, as this is also the yearly point fo control. Open / Comment

2023-01-04 14:53:49 BTC/USD

Monthly chart

Zooming into the monthly chart, we can see how important the two levels shown in the previous posts are. Firstly the $46,200 level has been a level of multiple support and resistance flips, with most recently being the last up candle before the loss of the $30K support, and, in turn, this candle is now a bearish order block.
Now to the yearly close of $16500, we can see how the price this month is currently finding support at this level. If lost and flipped into resistance, this will be bearish and increases the probability of lower prices Open / Comment

2023-01-04 14:15:06 BTC/USD

Now, my focus is on the yearly chart, as this will give us a clearer picture of where significant support and resistance are located.
$46,253 is our new yearly level. This is where the previous yearly close and open meet and would likely be an area the bears will probably defend if we revisit this zone.
The next level is more relevant to the current price action. $16526 is the yearly close and a level the bulls will fiercely defend. I will zoom into smaller timeframes in the next few posts to show how relevant this levels is Open / Comment

2023-01-03 16:07:51 BTC/USD - Update

The first posts will look more at intraday price action, with the following posts focusing long term, as we have a yearly and monthly close.

On the daily timeframe, the price has continued to move sideways, similar to what we saw towards the end of last year.

Two levels to watch for a reaction
$16800 - $16900 resistance
Monthly naked point of control + daily level
If the price breaks above this, the price has room to move towards $17500

Support $16500 daily level Open / Comment

2023-01-02 19:53:44 I hope everyone had a great New year. Time to set goals and smash them. Back tomorrow with market updates! Open / Comment

2022-12-25 00:23:26 This year has been quite the roller coaster. For some of you, this has been your first bear market experience. But trust me, this is when you have to sharpen your tools as you go into battle, ready to reap the benefits of the next cycle.
This year has been very eventful; we witnessed the collapse of Luna, followed by the fall of FTX but still, the market fights on. As we approach the end of another year
I want to wish you all and your families a merry Christmas and a happy new year. I will be back better and stronger in the new year.
Much love
Chris C Open / Comment

2022-12-19 21:13:44 https://twitter.com/Asymmetry_Fi/status/1604811877019680770?t=5vS_VzekxjMbgqzPJUZx_A&s=35 Open / Comment

2022-12-19 16:26:58 BTC/USD

Over the weekend price hit our zone of interest, with the price hitting the monthly NPOC to perfection
After such a big move over the past few days, it's normal to see the price consolidate sideways before the next move. Looking a the delta, sellers got aggressive on this move down. However, with the price at support, I would be cautious selling here unless support flips into resistance.
After such a big move down, this leaves behind a lot of inefficiencies that price may seek to fill. A noticeable level is between $17100 and $17300 Open / Comment

2022-12-16 14:56:06 BTC/USD


In the wake of the Fed's announcement price hit $18300, which is a fraction below my area of interest. Since then, we have seen the stock market and Crypto dump.
This move quickly turned the bulls into bears.
In the above chart, I have highlighted an area of interest that has multiple confluences
Monthly NPOC + higher time frame Fibonacci support and a daily order block. This zone is where I will be looking to buy, while I suspect many will be looking for lower Open / Comment