XRP in a Bull Flag! About to move!Here's a quick look at XRP 30 min chart. As we can see, the price has printed a bull flag, and we could see a breakout to the upside very soon! The best entry would be, when the price breaks above the bull flag with good amount of volume. Keep an eye on this setup.
All depends on what BTC does.
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The idea is: Buy the breakout from the bull flag and take profits at the levels shown in the chart.
Targets:
1. 0.78$
2. 0.8$
3. 0.83$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Bullrunincoming
Simple yet effect setup on FISVI don't believe this is the best entry for FISV but I do believe we are going to see a decently large bullish move. We are seeing concrete indication that this stock is going to go up. Stoch is starting to increase while the squeeze indicator indicated a reduction in bearish momentum. My price targets for this stock is 120 and 128.
Bullish Signals
-Bounced off of support
-Squeeze indicator
-Stoch oversold
Price Targets
-1st 120
-2nd 126-128
Is the Bull Run Back On? Almost.This chart should be pretty simple to understand. We've broken free of the sideways channel, if we close above it today, strong chance we don't go back under it in a meaningful way for a while.
The bull run was never really over from my perspective, but this may be the end of the shakeout period, or nearing it. In general, I want to see a weekly close above the green line (around 46k) that's drawn from the ATH in the next week or 2, which at this rate wont be hard. That would put us above the MA 200 (purple line), and that tends to be a very strong position for btc.
This is not the worst time to long, but be very careful , because we could do a large retrace at any moment still. once we get above the bull trend line, things will be much safer. A good time to buy spot for sure.
This is not a good time to open a short, unless you're an expert at catching tiny profits from fast retracements. That's a fools errand imo, switch to bull or be left behind.
Its also a nice time to dump some of your alts into btc, as btc.d goes up, many of your alts will start to lag. If you have patience it's no big deal though. Just my opinion. I use alts to get more btc to dump on cycle peaks, so it has that strategic bias to it.
Bitcoin Descending WedgeBitcoin has been in a descending wedge since May 16th. These are textbook bullish patterns. In 82% of cases, the exit is bullish. In 55% of cases, a falling wedge is a reversal pattern. In 63% of cases, the pattern’s price objective is achieved when the resistance line is broken. In 53% of cases, the price makes a support pullback on the falling wedge’s resistance line. And in 27% of cases, false breaks (false exits) appear.
A bullish breakout could be a sign that this bull market isnt over. However it could just be one last deadcat bounce before the actual bear market. Odds are were looking for a reversal. This can be a great opportunity for a long. Keep in mind were literally right at the 50 MA on the weekly. The last time we broke below the 50 MA on the weekly was in March 2020, and we all know what happened after we broken back above it. (almost a 7x and 50 week up trend, and a 15x from the bottom). Let me know what you guys think. Good luck !
XRP is very close to breaking a 53 day downtrend! Here's a quick look at XRP 4 chart. As we can see, the price has been in a downtrend for more than 50 days now, and it is very close to breaking that trend! The best entry would be, when the price breaks above the yellow Trend line with good amount of volume . This is a sleeping beast! Keep an eye on this setup.
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The idea is: Buy the breakout from the yellow Trend line and take profits at the levels shown in the chart.
Targets:
1. 0.78$
2. 0.84$
3. 0.91$
4. 0.97$
- Profits can also be taken in the resistance zone.
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MATIC close to a breakout!Here's a Quick look at MATIC 4 hr chart. As we can see, the price has printed a symmetrical triangle and is close to a breakout. The best entry would be, when the price breaks above the triangle with good amount of volume. This is a sleeping beast! Keep an eye on this setup.
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The idea is: Buy the breakout from the triangle and take profits at the levels shown in the chart.
Targets:
1. 1.428$
2. 1.51$
3. 1.6$
- Profits can also be taken in the resistance zone .
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Final Low of the Year? BTC/USD : Minority Venture Capital (MVC)NEW DAILY CLOSING SWING LOW
^Says it all. After not having enough strength to even reach the death cross of the 50 SMA over the 200 SMA, BTC is back down testing its lows. I think it's very unlikely that the ~30k area will hold the price up for a fourth time. With the 6th day of 9 just beginning on TD Sequential count, I'm looking for a 9 buy and reversal in the mid/high 20s. If this comes to fruition, I believe that there is a high likelihood that it would be bottom for the year. However, if the 9 comes and we are still floating around the 30k mark, I doubt it will turn into any substantial bull run.
IS OMGUSD READY FOR NEXT BULL RUN? #BLESSEDPIPSCRYPTOS HAVE BEEN VERY SILENT LATELY, WITH GOLD AND SILVER NOW BULLISH. WILL THE METALS LEAD THE WAY FOR THE CRYPTOS LIKE THE FIRST BULL RUN WE HAD THIS YEAR. VERY EXCITED TO SEE WHATS NEXT.
#BLESSEDPIPS
BTC Back on track to 43k?!Here's a quick update on BTC 2 hr chart.
As we can see, the price broke down from the yellow symmetrical triangle. The price stayed within the descending broadening wedge and bounced from the bottom of it at the 31k level. You could make the case that the price is in a bigger falling channel as well and the price bounced from the bottom trend line represented with thin yellow.
Now the bitcoin price has formed a potential double bottom with a higher low (HL) structure which is a very bullish sign of reversal!
Another thing to note is that the price broke back into the symmetrical triangle with enhanced volume!
If the bulls can hold the price within the symmetrical triangle and get above the red resistance zone then we will probably see a bigger reversal to the upside!
The most important level to break atm is the 40k level. If the price breaks 40k, then get ready for moon!
Note that the RSI is almost oversold. We might see some sideways price action here!
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My 100x Pick - BonFire token
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Big move coming soon for BTT !!Here's a quick look at BTT 4 hr chart. As we can see, the price is still in the triangle and if BTC moves higher from here, we should see a bigger breakout. The volume is very low and we should see a bigger move soon!
My 100x Pick - BonFire token
The idea is: Buy the breakout from the triangle and take profits at the levels shown in the chart.
Targets:
1. 0.0046$
2. 0.0056$
3. 0.0066$
- Profits can also be taken in the resistance zone .
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BTC/USD - Will Price Retrace to Neckline?So a couple months back a colleague and I joked about how technically, BTC's price should see some kind of huge pullback and retest its neckline area. With how much crypto has grown in previous years and seeing what kind of potentials it has moving forward, it was just kind of hard to believe that price would ever have that drastic of a pullback.
Well here we are today and now seeing BTC not being able to catch any kind of support and it just goes on to make me wonder.
Anyways, personally, I'm a bullish trader when it comes to the crypto market and I'm currently sitting on the sidelines waiting for price action to give me a sign that it's time to reinvest. I truly do believe that the growth that we have seen in the crypto market since March of last year is just the beginning of a massive bull run and that in years down "Crypto" will be added to the list of "Investments of the Decade".
As far as which coins make it, let's put it this way. Between CoinGeeko and CoinMarketCop there are between 7500-10,000 "legitimate" crypto currencies on record. Even if 99.5% of these cryptos were to die off by the end of the decade, you would still be left with 375-500 different cryptocurrencies.
In conclusion, I personally still don't believe BTC's price would ever fall to this level, I just thought it would be an idea that someone else out there might enjoy thinking about.
Until next time.
$ABNB Awakening. Surge in Money flow and volume detectedMy understanding of this ticker is that it is moving because of large booking numbers that were revealed on the earnings call. This has resulted in a large amount of volume and money moving into the stock (See the OBV and the CMF listed above). This is showing early signs that the ticker may be "making a come back". My estimate on this trade is that it will complete by June 10th. I would look for this running up to the 150-160$ range and 160+ if it goes parabolic.
Trade at your own risk. This is early on in the movement so things can change. Best of luck.
BTC Rejected by the 200 EMA!Here's a quick look at BTC 4 hr chart. As we can see the price is right now in a bigger falling wedge.
Also the 200 EMA on the 4 hr chart has worked as a support throughout the bullrun. If we can get back above and close above it, that would be a bullish sign - otherwise we will continue lower!
Also the resistance zone is a very important zone to overcome. If the price can manage to get past the resistance zone, 60k is then very likely and i should remind you that we've got an unfilled CME gap at 60.3k.
The volume is decreasing and the price is increasing - that's a bearish sign! We are at the top of the falling wedge, and it would make sense to get a pullback or a bigger breakout to the upside.
If we break below the crucial zone, the price will very likely get down to the support zone.
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
XRP is getting closer to breaking outNot long now.
It looks like XRP is going to break out the resistance level any time. I guess that the court hearing from 30th of April will have it's say in the bull run. Hopefully, we get to have a very wild bull this time around.
Let's pack our bags while we can!
Cheerio,
CryptoYLY