BTCBTC remains in this tight correction triangle that keeps faking out Altcoins, this is why many coins break out then NUKE B C the alts are confussed as to what papa bear BTC is planning. I think the structure looks bullish and we start pushing higher, invalidation would be loosing that bottom TL at $31,600. As I said last week when I called the crash and then flipped bearish. I said in our chat that BTC should not break $31k. If bulls keep this level chances are we push up from here.
Btcsignals
SANDUSDT Has Broken Above the Bearish Flag
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Hi Traders, SANDUSDT on H1 has formed a Bearish Flag in an Uptrend and has broken above the Flag by large green candle, it might go down to 0.45756 before it continues higher.
⬆️Buy now or Buy at 0.45756
⭕️SL @ 0.38533
✅TP1 @ 0.54012
✅TP2 @ 0.58292
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HBARUSDT Has Broken Above the Resistance, Still Can Go Higher
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Hi Traders, HBARUSDT on H1 has broken above the Resistance and it has the potential to go higher to another major Resistance.
⬆️Buy now or Buy at 0.1658
⭕️SL @ 0.1563
✅TP1 @ 0.197
✅TP2 @ 0.220
✅TP3 @ 0.2448
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Ethereum move incoming !Hello traders, how are you doing?
quick update for ETH traders, as you can see in the chart currently price is consolidating. BB is compressing too so breakout will be insane. Pay attention to BTC too as the entire crypto market is move with that.
Thanks for reading and have a great day :)
Bitcoin Gann FansIt is highly likely that Bitcoin will just move sideways in-between these Fibs till about September 2021.
Bitcoin Path 1
If Bitcoin gets above the 0.168 Fib and breaks above the 3/1 Gann Ratio by Mid September , it is possible that we get a cycle peak somewhere Mid December 2021 to January 10th 2022 at 150k.
Bitcoin Path 2
If Bitcoin fails to break path 1 by September then we could see a cycle peak much later sometime late April to May 2022.
Since this analysis is based on the Gann Fan set at the current local low of 28754 a break of this low will invalidate this analysis.
The most important thing to remember is that in order for us to ever break all time high we must break the Gann Fan 8/1 ratio , once this ratio is broken we can fly past any fib and the previous all time high of 65k.
Recently I've been going over Alt coin Fib zone dates and it's amazing how many 3-5 count dates I get in May, not only that the Total crypto market cap chart points to May as well.
As of today I think we have a higher chance of following path 2 instead of 1 , just take one look at the price structure. It's going to take months to pivot momentum on a Macro scale.
“When someone tries to buy all the world’s supply of a scarce asset, the more they buy the higher the price goes.”
— Satoshi Nakamoto
UFTBUSD has Broken Above the Falling Wedge
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Hi Traders, UFTBUSD on H1 has broken above the Falling Wedge which is an uptrend pattern by a large green candle. It might go down to 0.628 before it goes up to 0.795
⬆️Buy now or Buy at 0.628
⭕️SL @ 0.578
✅TP1 @ 0.795
✅TP2 @ 0.933
✅TP3 @ 1.108
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KINUSDT Is Moving Towards the Upper Band of the Channel
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Hi Traders, KINUSDT on H4 after 2 Rejections from the Support line is heading towards the Upper band of the channel
⬆️Buy now or Buy at 0.000042
⭕️SL @ 0.000028
✅TP1 @ 0.000069
✅TP2 @ 0.000109
✅TP3 @ 0.000110
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BTTUSDT Is Heading up to 0.00266
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Hi Traders, BTTUSDT on H1 after the rejection from the lower band of the channel has been making HHS and HLs. It’s expected to go to 0.00266 If it can break above the upper band of the channel it might go to 0.00327
⬆️Buy now or Buy at 0.00243
⭕️SL @ 0.0023
✅TP1 @ 0.00266
✅TP2 @ 0.00296
✅TP3 @ 0.00327
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COSBTC Might Break Above the Resistance
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Hi Traders, COSBTC is right below a long term Resistance, it might go lower to 0.00000032 before it continues going up. However if it breaks above the Resistance on the lower TF we can look for potential entry to go long.
⬆️Buy at Resistance Breakout or Buy at 0.00000032
⭕️SL @ 0.00000016
✅TP1 @ 0.00000050
✅TP2 @ 0.00000066
✅TP3 @ 0.0000010
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BTCUSDT Could Go Lower to 30115.0
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Hi Traders, BTCUSDT on H1 is in the Bearish channel, it seems that after the rejection from the lower band of the channel because of the pressure from the bears it couldn’t go much higher from the band, I think before reaching the upper band of the channel it will reverse and go down to 31685.0 and then 30115.0
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TRXUSDT Is about to Breakout of the Triangle
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Hi Traders, TRXUSDT on H4 if it breaks above the Resistance line there would be a possibility for long. If it breaks below the Support line it might go around 0.059 before it goes up
⬆️Buy at 0.059 or Buy at Resistance Breakout
⭕️SL @ 0.055
✅TP1 @ 0.073
✅TP2 @ 0.082
✅TP3 @ 0.092
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ONEUSDT Can Reach 0.090
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Hi Traders, ONEUSDT on H4 after breaking above the Resistance, Retest and Rejection has formed a large green candle which indicates Bulls are in power. The market potentially can go higher to 0.090
⬆️Buy now or Buy at 0.065
⭕️SL @ SL @ 0.057
✅TP1 @ 0.09
✅TP2 @ 0.12
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IQBUSD Can Go hHigher
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Hi Traders, IQBUSD on H1 after breakout, retest and rejection has been making HLs. There is good potential that the pair goes higher. To 0.0145
⬆️Buy now or Buy at 0.0107
⭕️SL @ 0.0080
✅TP1 @ 0.0145
✅TP2 @ 0.0175
✅TP3 @ 0.0215
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DODOUSDT Has Been Making HHs and HLs on H1
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Hi Traders, DODOUSDT on H1 has broken above a long term Resistance line and also has been making HHs and HLs, Potentially it can go to 1.031
⬆️Buy now or Buy at 0.883
⭕️SL @ 0.790
✅TP1 @ 1.031
✅TP2 @ 1.23
✅TP3 @ 1.50
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BCHUSDT Is Going up in the Bullish Channel
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Hi Traders, BCHUSDT on H4 has broken above the Bearish channel with 2 large green candles and it has been making HHs and HLs which all indicates the market could go higher. The first TP must be the upper line of the Bullish channel.
⬆️Buy now or Buy at 501.0
⭕️SL @ 420.0
✅TP1 @ 632.0
✅TP2 @ 782.0
✅TP3 @ 1007.0
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BITCOIN Is it repeating the late 2019 formation?Bitcoin's price action since the May sell-off has drawn many comparisons to blow-off tops of its cyclical Bear Cycles. However as the consolidation since the May 19 low continues, it displays more and more similarities with the late 2019 price action, which was a mini bear phase following the very aggressive rise of April/ May/ June 2019 that was based to a big extend on the 'Libra mania'.
** Similarities with 2019 **
On the 1D time-frame the two sequences (today and late 2019) have one key similarity that stands out. The price was 'squeezed' within the 1D MA50 (blue trend-line) and the 1W MA50 (bold red trend-line) following a 1D Death Cross (when the 1D MA50 crosses below the 1D MA200). The second is that both started trading below a Lower Highs trend-line of a -13o angle. Right now the 1W MA50 is supporting, almost the same way it did in October 2019, and even though it marginally broke in November - December (2019), it was what initiated a strong rebound to the 0.618 Fibonacci retracement.
** The RSI bullish divergence **
The support of the 1W MA50 is key as it is being achieved despite Bitcoin being on Lower Lows (LL) while the 1D RSI is on Higher Lows (HL). This is a Bullish Divergence and was also seen both during October and late Nov - early Dec 2019. This divergence was enough to start the rebound to the 0.618 Fibonacci retracement level.
** Fundamentals took over **
It can be argued that if it wasn't for the 'once in a decade' event of the March 2020 COVID crash, Bitcoin would have extended the rebound past the 0.618 Fib, essentially fully completing the recovery. We can't know that for sure but such an abnormal event should be classified as an anomaly and be taken into consideration as such. We can argue that the May 2021 sell-off wasn't just a technical correction of the very aggressive October 2020 - April 2021 parabolic rise but was also fueled by very negative fundamentals (Tesla, China-miners etc).
Have all the negative fundamentals priced in already? We can't know for sure but if they have, the Bullish Divergence on the 1D RSI definitely shows something.
What do you think? Is this MA50 squeeze about to kick-start a rebound to the 0.618 Fib and if yes has the market digested all the negative fundamentals so that, as opposed to the COVID crash, it can resume the long-term Bull Trend? Feel free to share your work and let me know in the comments section!
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