u/BTCWallahFXEmpire

Zcash bulls shouldn't ignore this near-perfect falling wedge pattern
▲ 9 r/CryptoChartWatch+1 crossposts

Zcash bulls shouldn't ignore this near-perfect falling wedge pattern

Falling wedges can be imperfect, but ZEC's prevailing strong fundamentals make me wanna believe in this bullish reversal setup.

Yeah, inflation has come higher than expected. Oil is rising. And a dozen other things are wrong with the world right now. But we have seen Zcash bulls ignore headwinds in 2025 to mark one of its strongest bull runs in history.

Short-term, a good play toward $650. Long-term: $1,000.

u/BTCWallahFXEmpire — 3 days ago

ZEC bulls must not celebrate the 200%-plus price pump yet

The ZEC chart is starting to resemble the 2021 setup: a huge vertical pump, a test of major resistance, then a brutal 90%+ unwind after momentum faded.

This time, Zcash is again up 200%+, stretched far above key weekly EMAs, and pressing into the same kind of heavy resistance zone. That does not mean it must crash, but chasing here looks risky.

Fresh longs are buying euphoria.

For ZEC to prove this is different, it needs to reclaim and hold above the old highs with strong follow-through. Otherwise, this could become another classic “great pump, ugly round trip” setup.

u/BTCWallahFXEmpire — 9 days ago
▲ 11 r/CryptoChartWatch+1 crossposts

Ethereum's chances of crossing above the $3,000 mark are increasing thanks to the ascending triangle setup.

An ascending triangle after a downtrend reflects a market that is trying to flip from selling pressure to accumulation. It does not guarantee a bullish reversal unless we see a clear break above the triangle's upper trendline, alongside rising volumes.

So far this month, ETH, like most risk assets, is playing hostage to the US–Iran headlines. Any signs of extended truce or peace deal (eh?) could mean a strong rally toward $3,240.

u/BTCWallahFXEmpire — 18 days ago

XRP, again, fails to breach above the upper boundary of its symmetrical triangle pattern. We gotta blame, again, Donald Trump for his fake claims about reaching a 'nuclear' agreement with Iran, which Tehran is denying, by the way.

XRP, like most risk assets, stands to remain choppy next week, now eyeing a decisive decline below its 50-day exponential moving average (50-day EMA, the red wave) at around $1.41.

Should it happen, hitting the triangle's lower boundary around $1.32 by the next weekend looks probable. A drop below the boundary can trigger the classic triangle breakdown setup, with the measured target sitting around $1.

u/BTCWallahFXEmpire — 26 days ago

RAVE funding is at 1.16% every eight hours right now. That works out to about 3.48% a day and roughly 24.4% a week, or closer to 27% if you compound it.

Say someone opens a $1,000 short with 2x leverage. That’s a $2,000 position. Funding is charged on the full position size, not just the margin.

At 1.16% every 8 hours, they are paying about $23.2 per day in funding (3.48% of $2,000).

That means:

  • After 1 day: down ~$23 just from funding
  • After 3 days: down ~$70
  • After 1 week: down ~$487 (if compounded)

So even if the price doesn’t move, the position is bleeding fast.

For this trader to just break even, the price needs to fall enough to offset that funding loss.

With a $2,000 short:

  • A 1% drop in price = ~$20 profit
  • A 3.5% drop per day ≈ needed just to offset daily funding

So if RAVE doesn’t fall by ~3%–4% per day, the short is losing money overall.

That’s the key point: at these funding levels, shorts are not just betting on downside. They need a fast, aggressive drop just to stay afloat.

STAY AWAY FROM RAVE LADS!

u/BTCWallahFXEmpire — 1 month ago

World Liberty Financial’s WLFI may be setting up for another leg lower in April.

On the chart, WLFI appears to be forming a bear pennant, which is usually a bearish continuation pattern after a strong drop. If that setup confirms, the measured move points to around $0.063, or roughly 20% below current levels.

The fundamentals are not helping either. On-chain data has sparked fresh criticism after wallets linked to the project allegedly used 3–5 billion illiquid WLFI tokens as collateral on Dolomite to borrow around $75 million in stablecoins. More than $40 million was later moved to Coinbase Prime, while pool utilization reportedly rose to about 93%, raising fears around liquidity stress and bad debt if WLFI falls further.

There is also growing concern about a potential 16 billion token unlock, which could add more dilution pressure.

On top of that, Justin Sun has again accused the project of having blacklist-style smart contract controls that could let the team freeze wallets, which adds another layer of distrust around the token’s decentralization claims.

From both a technical and sentiment perspective, WLFI looks vulnerable right now.

I’d watch the pennant breakdown level closely.

u/BTCWallahFXEmpire — 1 month ago

This chart tracks gold priced in Bitcoin and shows a repeating pattern: whenever the XAU/BTC ratio gets overheated on RSI and rolls over, Bitcoin tends to outperform gold hard in the months that follow.

Previous breakdowns in the ratio lined up with major BTC/USD rallies, including some of the strongest moves of the cycle. Now the setup looks similar again, with RSI stretched and the ratio near long-term resistance.

It doesn’t guarantee a repeat, but it does suggest gold may be peaking relative to BTC — and that Bitcoin could be gearing up for another strong leg higher.

u/BTCWallahFXEmpire — 1 month ago