Bitcoin Can Go Lower And Hit 36/35KBitcoin right now is aiming to test the $38779 Fib. support, which also coincides with our rising trendline.
Based on our analysis for SPX vs BTC, it can go even lower...
See it here:
It can hit $36,000 to $35,000 in the weeks ahead.
We are likely to have another relief rally in May before capitulation finally takes place.
Namaste.
Cryptcurrency
BTC strong support levelBitcoin has broken through a strong support level and is currently paused for a correction.
Correction may be up to resistance, but this is the most optimistic scenario.
Now you can wait for the breakdown of the triangle and open a long.
Target: 43800.
Have a nice trade!
Your Solldy
Vechain (VET) - 3D. We are waiting for the test of the ATHThe unstable situation in the cryptocurrency market , a sharp change in investor sentiment and fear of the continuation of a total fall in prices motivated us to update our global forecast for the Vechain coin . We remember that in a completely opposite situation on the market, when everyone believed exclusively in the continuation of the cryptocurrency market without corrective growth, we published our previous VETUSDT market forecast . Below you can check How clearly the idea worked (the result of the market fall by more than 70%):
Today we decided to continue looking for relevant mid-term scenarios and built a new fractal . Of course, it is unreasonable to rely only on a part of the schedule that is somewhat reminiscent of the current situation. Therefore, below there will be other arguments for such a positive scenario.
We'll start by looking at the 4 hour timeframe . As you can see in the chart, buyers are carefully holding the price and increasing their positions in the range of $0.66-0.75. Even if we assume that the VET market will continue to fall, then the correction of the previous fall wave is still incomplete:
The increase in trading volumes in the range of $0.66-0.75 and the unsuccessful attempt of sellers to gain a foothold below this liquid zone indicate that the consolidation in the VET market has not yet been completed. From the local perspective, we expect the price to rise in the range of $0.116-0.12
Given the strength of the previous wave of decline, the continuation of the medium-term upward or downward movement of the VET price is impossible without increasing positions by market participants. Therefore, by mid-summer, we will expect further consolidation in the VET market.
If we analyze the VETBTC chart , we see that sellers were trying to gain a foothold below the global range 0.000002-0.00000236. However, their attempt ended with a false breakout:
The current attempt by sellers to break through this range looks much weaker, which signals the weakness of sellers in this price range. As a result, a consolidation triangle is also formed on the VETBTC chart
Fixing the price above the 0.000002-0.00000236 range will signal the beginning of a new wave of growth in the VET market.
An alternative scenario of a complete collapse of the VET price, we will consider only when the price fixes below $ 0.05
BTCUSD broke above the 4H MA200 for the 1st time since May 12!It is indeed an important development as not only did it break above this key MA for the first time since May 12, but Bitcoin is also at the highest price level it's been since May 26. What I am interested at on this idea is to know which pattern you think the price will follow (since the Channel Down displayed in dashed lines was invalidated with this break-out) as this development is creating new patterns.
I think the general outlook appears to be fairly symmetrical since the May selling and this is why I am illustrating it in such a way. As you see I've identified two potential Channel Up patterns (blue and Green which is wider) adding a Fibonacci extension perspective on this in case the price action turns parabolic.
At the same time I cannot overlook a potential Cup & Handle pattern, which could materialize if today's high holds and rejects the price and turns it sideways until it forms the handle. Once completed this can initiate a strong rise sequence, as C&H patterns usually do.
What's your opinion on this? Which pattern do you think BTCUSD will follow from now on? Feel free to add on the comments section any you think I am missing on this chart.
Please like, subscribe and share your ideas and charts with the community!
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$VET @ 1.618 FIBvechain challenging the 1.618 fib channel level
not easy to find assets performing like this.
ask your financial advisor about vechain to see if it is right for you
some people who trade vechain have experienced euphoria, depresssion, denial, shock and anxiety.
trading vechain is not for everyone
XRP RESTING UPxrp resting up here in the spa of bullish divergence
as long as the 100 MA high/low channel holds I am bullish
of course the exchanges are going to have to liquidate all the leveraged longs before moving up so expecting some sort of wick down before starting a new leg up
lots of bearishness out there - something is in the air
ETH (Y20.P2.E10).Micro.Bull flag or reversal?Hi All,
*** Continuation on previous post ***
Keeping it short and direct to the point, crypto is known for symmetric triangles or triangles in gerneral.
And just like BTC, we have 1 piece of the puzzle, a bullish wedge or a cradle setup for an up-break as I write this.
Cheers,
S.Sari
Bigger picutre
Continuation on previous post
Long ETHETHUSD 6H Chart is looking great, in my OPINION. Nicely touched my previous resistance from July/August as well as a perfect bounce off the 50 simple. Stoch has cooled off and just started to turn upwards, OBV is showing that the volume is flowing into the up moves and flattening out for the down moves, buyers may be wearing out the shorts. Now approaching an area(not line) of major resistance, both at previous levels of interest and also suggested through volume as shown by the VPVR. Let's see if we can build enough interest to punch through this area.
Bitcoin weekly downtrend, targets 6800-7000Bitcoin is still in a weekly downtrend consolidating at major support at the 55 EMA. Consolidating on major supports makes the support more likely to breakdown. We have rejected from the yellow 21 EMA, and the 21 EMA and red 10 SMA have downward slopes, indicating more sell pressure down. Trade below last week's low at 7765 and we will most likely begin the next leg down to 6800-7000 price range
Bitcoin's consolidation in the summer was a 3 month descending triangle which still has a measure move down to 6800, the next major liquid zone that aligns with the cyan 89 EMA
Weekly stochastic is still down trending and finally about to enter the critical zone.
Weekly RSI is held beneath the trend line resistance, below the RSI EMA, and on the edge of the bear control zone.
ENJ newar breakoutEnjin has a profitable gap between now and 730 - almost with zero resistance in between. That may bring 15-21% profit. Near breakout now, but overbought at lower timeframes, so either jump on the leaving train with small amount, or wait for pullback.
Bullish entry 625-628
Pullback zone 610-620
Scalp 690
Main target 729
Bonus targets 798 - 830
Stop loss below 579
Stopless strategy - double order at ~515, sell at 570 or wait for targets
BTC in an uptrend channelHelllo Guys
As you can see BTC is ranging in an uptrend channel on H4 time-frame.
We have a HID BEARISH DIV but we still have room to touch the upper trend line of this channel .
long TP: 5.5k to 5.6 k
short TP: 5.2k to 5.1k (after touching the previous swing high)
always DYOR
cheers
MM67TRADER TEAM
BTC. I think the fall is not over.After an unsuccessful attempt by sellers to break through the $ 3800, the rollback began after the fall. There were quite good volumes, and after the break of $ 4080-4130 $, the prospect of a reversal appeared. In my previous idea , I was waiting for a rollback of 4700-4750 $, but the price did not reach this price zone and stopped at a level of 0.618 from the incident wave of November 18.
If you look at the 1h timeframe, it is clearly seen that after the breakdown of 4080-4130 there were still some growths, but after the first failed attempt, the volumes decreased significantly:
Now sellers have shown their strength and readiness to continue to fall. At 12h timeframe it is evident that red candles completely absorb previous greenery:
sellers broke a price zone of 4080-4130 and buyers do not yet have volumes to bring this area under their control. Therefore, I do not see the current fall as a correction after the growth.
Although the volumes during the growth were good, but in my opinion they are not enough to convince other market participants about the reversal and to redeem all the unprofitable positions of traders who bought for 5500, 4750 ....
So I expect to start the test at $ 3750-3800. If buyers keep this price zone, then you can count on broad consolidation.
However, I think that buyers will not be able to keep this price zone and the next stop is 3400 and the final 3150 $.
If you take the fall wave from November 18th and take into account that it corrected to the level of 0.618, then at the price of 3400 the new wave of the fall will be half the previous, and at the point $ 3150 $ 0.618 from the previous one:
Therefore, I expect a test of $ 3600-3800 to see the probability of working out my script.
BCHSV - Another 40-60% Capitulation Before the Bottom?Hey guys,
I've been watching BCHSV which resulted from the BCH fork that occurred a few weeks ago. Here are a few thoughts:
Fundamentally I think exchanges and significant market stakeholders are betting on the ABC version of the fork - BCHABC - which indicates to me that BCHSV will likely undergo and remain heavily discounted, or at least experience heavy volatility. The BCH ticker will likely go, by default, to the BCHABC version. As a result, BCHSV will likely struggle to get widespread exchange access, and judging the current "influencers" behind the vision and mission of the asset, it will likely struggle to find many friends while getting relegated to the margins. That being said, this asset is being monopolized with relatively few significant market participants so anything can happen over the longer term.
From a technical perspective, we can see the fundamentals playing out on the chart and we now have a falling wedge pattern that has paved the way to capitulation. Currently we have strong support at $37, but if this breaks we could reach prices as low at $19.
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Bitcoin Bear Market Trading: Evaluation of Trades - Part 1 This is a post so I could do a self evaluation of my trades. I'm a long term bitcoin bull but trading this as a bear market. Overall, I have done extremely well but want to look for areas of improvement while also providing information that is educational to new traders. Links to these updates here:
www.tradingview.com
Nov 20 - Bitcoin Compared to Silver Parabola
I started moving to cash.
Dec 8 - Bitcoin Bull Flag
Short update where I was looking for a break up or down out of this channel.
Dec 22 - Bitcoin Price over Next 3-10 Days
I traded a dead cat bounce targeting $15400-$16500 area and suggested selling that area. Expected we could retest lows in 3-10 days. We retested lows 8 days later.
Dec 23 - Support Becomes Resistance
Show that area of resistance which was the top of the this short move up.
Dec 24 - Update on Bitcoin Bearish Move
I was still cautious. Not short but concerned that it would fall below $11000
Dec 28 - Bitcoin in Danger Area
Made a move up and then fell back below that line quickly. I really wasn't trading this much during the holidays.
Dec 29 - Bitcoin in Dangerous Area Again
More warnings and updating the key support lines, but in cash still was hoping to see bitcoin make a move.
Dec 30 - Bitcoin: The Battle to Stay Above $10k Begins
Still in cash. No decisions made, looking for some signs of a strength to see if we can make a move. So my mistake here was not going long.
Jan 12 - Bitcoin Getting to Another Critical Level
Generally in cash but identified clear bullish and bearish cases.
Jan 20 - Bitcoin at Critical Level Again ---- *****MY DECISION TO SHORT*****
I finally received enough information to tell me that Bitcoin was going down (6 weeks after the top).
Feb 2 - Did Bitcoin Just Bottom: - ****LONG AT $7600
I added when we moved to $9000 and dipped to the .618 at $8200. My average was $8300.
Feb 3 - Trading the Bitcoin Reversal
"I'm taking partial profits from $9200 to $9500 from my average buy around $8300."
I was looking to get short at $10k but it never happened.
Feb 9 - Trading the Bitcion Reversal Take 2
My first buy was just below $8000 on that pullback, but that turned out to be a good trade. I ended up taking partial profits
Feb 17 - Concerns About Bull Trap
Bitcoin was back at $11000 and I was showing a chart of Bitcoin in 2014 where it had a monster bull trap.
Feb 20 Close to the top ($11700) - *****One of the RARE traders to short
Everyone was super bullish but I shorted this perfectly
Feb 26 - Bitcoin Turning
In this post I just talk about going long until $9800 where I did end up taking profits on my long position and started looking to reshort. I should have held a bit longer.
Mar 5 - Understanding the Bitcion Parabola
Important post where I expand on history of Parabolas.
I attempted several shorts from $10k to $11700 and got stopped out before I eventually was able to get into a good short position at $11500.
March 18 - Today is an Incredibly Important Day for Bitcoin
We were at a critical level with some support so I attempted to go long but stopped out.
March 29 - With Bitcoin Expect the Unexpected
Overall I didn't trade much in March, but I was looking for a bounce here. I was cautious but eventually recognized accumulation and went long at $6500. Called the short squeeze.
At this point, I'm long and still evaluating. I'm expecting to signs of weakness in 3-10 days where I will reshort. My biggest mistakes were taking profits and not letting trades work longer. So I don't want to get to eager to go short. It is possible that bottom is in but I would need to see more signs to stay long. If the bear market continues I will update with a part 2 from this point.
EDOBTC Eidoo. Bullish 100%Just look at rsi and buy wall at Binance. We have high volume last days and EDO is the only coin which didn't rise for whole time, prepare yourself for bull run folks.
Tron BOOM or BUST? I think BOOM :) Hi TradingView Family :)
Been quiet here since the market has been slow, which is a saving grace and allows me to focus on my personal life + business ventures. Here is my TA for TRX. NOTE: I am on a 1-2 months hold for this coin and I expect it to be my biggest payout in crypto yet.
We finally hit the middle point of the cup & handle that I see forming. We should see a more positive price action in the coming weeks to form the right hand side of the cup. My expectation to sell and profit off of this coin is in March. This will be my longest HODL to date. In the past I do not hold coins for more than a week. Since the market is quite and personal life has caught up to me, I am setting up my long-term positions for TRX.
#TRX has had some solid developments for the month of Jan. While their price action has not cleanly reflected its growth as a project, time will soon tell.
Currently the TRX team is recruiting and hiring key developers in the crypto space. Recent additions are from Alibaba, top tier financial institutions, and security developers. With a current team of 80 and goal of 100 by end of the year. They have also applied to open a San Francisco office which will be a big move to expanding into the USA markets and connecting with key start-up companies who would use and build off of the TRX ecosystem.
Current Partnerships:
Partnerships with Obike, Game.com, Baofeng, and an Aerospace company soon to be herald at the end of Jan. With more in the pipeline.
Things to look forward to:
Coinburn in March which will increase our holdings by a minimum of 20% ROI and with a massive influx of traders looking to profit off of the FOMO we should easily see a target of previous ATH @ 2000 satoshis.
Again a keynote. This is a 20-year long project. Yes, the whitepaper has had issues and the coin has undergone some FUD. All coins have, observe BTC, BCH, ETH, Tether (all had FUD) yet all continue to maintain a net positive price action + utilization growth from a year ago. We are still in the first inning of this coin + crypto as a whole so the overall view is positive. Even if people claim this is a shit-coin, its cheap price action will be a huge attraction to whales looking to pump markets.
As I have stated in the past with my Telegram group, Chinese companies love a great head start with a huge initial rise, a lul, then another massive growth increase.
NEO has had the very same exact price action stong ICO start and increase in price a huge drop and lul for 2-3 months and now to its most recent ATH in Jan. You can review my older NEO TA and be on the Look out for my upcoming NEO TA it has a short-term analysis + Long-term price expectations.
If we are looking for a more "real" world example, Alibaba Stock went from $120 (from IPO date) down to $45-50 range only to hit ATH in the $200's.
With Chinese companies all having similar price action, I can expect TRX to continue to move towards a possible growth.
Good luck with your trades & feel free to message me if you have any questions. If i don't happen to respond to you feel free to msg me again. I receive about 40-80 msgs per TA so it gets lost sometimes.
Litecoin at $200+ in the next couple days. $300-500 DecemberHi everyone! wanted to say thank you to my Crypto Family on telegram. You guys have offered such great support for me during the past couple weeks and I hope you all have made $$$ Following my trades. It has been great connecting with everyone and proud of the community we have built. Looking forward to more discord conference calls and making more $$$.
Today was a sad and happy day. I called $120 LTC yesterday at 2 AM to the group. Woke up to a very happy LTC gains. Look at my account... BOOM turns out I sold at $1.50 above my purchase point... i was like what...?!?!!? I kept talking about LTC at $120 I failed to double check my sell limits and missed out on a $60k profit. Oh well, you live and you learn.
So where are we headed next? I called $200 a couple hours before it happened. If you check LTC order book they have really weak upper resistance. I really thought it would hit $500-1,000 today. Haha 1 - 100 LTC at each sell point all the way up to $1,000? Come on. The writing was on the wall that we are dying for a bull run.
LTC is severely undervalued. With more people pushing into Coinbase and crypto world we will see LTC have a monster year. It has a great household name of BTC's Silver and much more "affordable" than ETH and BTC. (both coins which have great long term value). Not only that LTC has great tech, its improving its marketing, and it finally beat DASH out. FYI have we heard any scandals with this coin yet? NOPE
No special TA's. No Chat Indicators. Nothing. This bad boy will hit $200+ soon. No day trading mode. If you do, sell at the top. Buy back the dips. I should have babied the market over dinner. I would have sold at $200, buy back $155, sell at $185, buy back $160's. Easy money. I normally post these types of trades on Telegram since its easier and instantaneous vs TV.
So HODL. LTC is going to pop. Time to start accumulating. I will post further TA's and when to buy and sell and rebuys as the market continues to progress. I expect more bull runs in the coming days. I have sell points between $500 - 1,000 atm. I will probably sell a couple in the $200-300 range to make some $$ and buy back the dip.
All in all, good luck everyone! Thank you for you support. I will post on IOTA soon. TLDR: BUY IOTA NOW - sell $7. I called IOTA at $3.45 yesterday. Been doing great ever since. Anyways, Happy Trading and Happy Holidays.