The next hero is the altseason on the brakes. Go IOTAA coin with a history we all know. My strategy shows that the coin has not bounced back to the first test level, which is what most memes are capable of
Analysisaltcoins
GBPUSDGBPUSD is at the key level 1.35225 and the 4hr candle has close above the level, the next resistance is at 1.36124 if it beak the level we might see the pair going 1.37241 resistance, if you're bearish about this pair then you might be looking to sell below the 1.24956 level
BTCUSD Where are you heading?????Hello All,
It’s becoming much difficult to tell where BTC is heading.
Analysis from a macro prospective:
Currently we have Asia Pacific retailer investor.
Crypto market only seem to have smaller institutional investors.
Crypto Exchanges seem to be getting hacked every week.
Crypto does not have a killer game or dapp for mass adoption.
There have been zero rally’s in the crypto market.
There have however been a lot of manipulations and pump and dumps.
What the chart shows:
When the cloud is below BTC, we are in a bullish scenario.
When the cloud is above BTC, we in a bearish scenario.
Currently the cloud is above and is showing bearish market.
The volatility is going down to 140.
While the dominance remain the same.
However, the volume now are much lower than before.
This shows the bearish market is petering out .
The futures market is hedging against BTC because we are moving sideway and no definitive direction.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Happy trading People...
BTC Due For a timely Retracement: Don't catch the falling kniveHi All,
BTC is currently at a crossroad. Not really sure where we will end up.
BTC was rejected during its uptrend to 6800.
If the bulls can not support 6500.
Tehn I see this as a 70/30 split.
70% BTC retrace back down to 6400 or 6200.
30% BTC makes higher lows @ 6800 and stay above.
Remember people we have been in a bear market well over 5 months.
The RSI pass my 70D-K.
Currently trading Above its 20 day MA.
However, trading Below its 50 day MA.
Lower Volume
If we are lucky BTC continues trending sideways for the next couple of days.
However, the trend is showing bearish signal.
I currently do not hold any position in BTC awaiting confirmation before I re-enter.
Trading psychology tells us to always wait for cofirmation before entering a trade.
Do not try to time the market and endup catching a falling knive.
Good Case Scenario seem more probable.
Hopefully we don't test the Worst Case.
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Trade carefully people.
