War Goat Signals

2023-03-06 12:36:56 GALA was one of the first altcoins to rise in January, but also one of the first to top out and fall.

During GALA's bearish move over the last 5 weeks, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns.

I'm waiting for a bullish break out before considering a position. Keep in mind we can reverse from the top resistance. Targets in blue. Open / Comment

2023-03-05 12:09:59 BTC has been trading in an extremely low volatility area after the huge dump of a couple of days ago.

So, what's next? I say we wait until BTC moves out of the yellow box.
A bullish case would be that stocks have had a great rally on Friday, while BTC dumped, so we "should" go up and follow stocks. However, I think the bearish case is getting more realistic at the moment, especially with the Silvergate thing going on.

So, in my view, this is not a bullish setup. However, we can't make any bullish or bearish calls as long as we're trading inside the yellow box.

Patience. Open / Comment

2023-03-05 12:06:56 OP has been slowly but surely forming a bullish triangle over the last month. With OP currently trading at the triangle's support, it's likely that we're going to see more volatility coming.

I'm waiting for either a bounce, or a break out. In case of a bullish bounce, the top resistance of the triangle is the target. In case that we fall through, the blue lines are my targets.

With BTC falling and the overall stock markets being weak, I deem a bearish move more probable. Time will tell. Open / Comment

2023-03-01 15:06:55 XTZ has seen the most volume traded today since December 2021. This, combined with a reversal candle on the daily chart , makes me believe that today was a so called "climax top".

In my view, XTZ has most likely topped for now. I'm looking for a move back towards the $1 level.

However, if BTC can manage to see some gains in the near future, we might reverse before $1. Volume like this sets off alarm bells, so I'm waiting for $1. Open / Comment

2023-03-01 13:36:54 MAGIC is one of the newer tokens on Binance, which always makes it an interesting high-volatility play.

After a massive move, MAGIC appears to be consolidating within a bullish channel . As of this morning, MAGIC has successfully bounced off the lower support of the channel.

I'm aiming for the top of the channel. However, consider taking some profits off the table around $1.90 or so. Open / Comment

2023-02-27 22:39:52 NEO was one of the bigger winners last week, but this week has been quite dramatic. However, NEO found strong support at the 0.618 Fibonacci retracement .

The 0.618 is often a strong area of support, especially for good performing assets.

I'm looking at the yellow areas for potential short-term targets.

If BTC will remains stable (or go bullish ), NEO might even make a new local high next week. Open / Comment

2023-02-27 22:36:49 BTC has been selling off for nearly a week now, which makes it likely that we're going to see some kind of bounce happening in the near future.

As seen on the chart, BTC is finding temporary support around the wedge's bottom support line. Whether this support will hold remains to be seen. If today will be green, the rising wedge scenario will become more likely.

If we break down, I think there's a big chance we will retest the $21500 area. Open / Comment

2023-02-27 14:36:48 Bitcoin is boring for nearly a year. The most interesting thing that happened was the FTX collapse in November, but that's it. Also, it only caused a marginally lower low.

In my view, we're currently inside the "time-based capitulation" period of the bear market. Remember, capitulation (investors leaving) will occur due to prices falling (liquidations) or the market being boring.

As long as we're trading inside this box, there's little reason for retail traders to come back. Since traders are mostly interested in bullish price action, nothing worth noting will happen as long as we can't break $25,200.

Eventually, BTC will break $25.2k, but it remains unclear when that will happen. We could theoretically trade between $20k - $24k for another few months.

Do you think we're going to break out bullish or bearish from this range? Share your thoughts. Open / Comment

2023-02-26 14:42:50 ETH has been trending downwards over the last few days. During this downward trend, a bull-flag formation has emerged in the chart.

Personally, I'm waiting for the price to break through the top resistance. Be patient. Targets in blue.

Another way to trade this pattern would be to wait for the price to bounce off the bottom support for a better risk-reward entry. Open / Comment

2023-02-26 14:39:50 GRT has seen a massive move over the last weeks, but it's showing some weakness recently.

I'm waiting for the price to break through the bottom yellow support area . A break out here can cause a further fall towards the blue targets. Open / Comment