#1INCHUSDT Ready for Pump. BREAKING OUT!Welcome to this trade setup, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
1inch is breaking out now.
Inverse H&S Breakout with multiple retests on the neckline. SHows signs of accumulation.
ENTRY: $2.05 TO $2.20
TARGETS:
$2.27
$2.32
$2.39
$2.47
$2.55
Stop Loss : $2.03
DYOR before taking this trade.
More setups will be posted soon.
Do hit the like button if you want me to post such setups every day.
Do share your views in the comment section.
Thank you
Cryptorphic
#Bitcoin Dominance Pump Incoming? Alts in Danger!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
Let's get straight to the chart.
It's been a while since I posted this chart on BTC.D,
BITCOIN Dominance is currently facing the triangular resistance.
The rejection would lead to some rally in BTC pairs.
Unless we see a confirmed breakout or a breakdown it's better to wait for now.
IMHO Bitcoin looks prime at this point so if the current money in the market flows in BTC we won't see much change in ALTS/USDT pairs. Instead, we will see a dump in BTC pairs because of an increase in BTC dominance.
What's your thought on this? Do share in the comments section.
Stay tuned
More updates coming up.
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#TLMUSDT Trade Update+New Entry! Exclusive Setup.Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
TLM is consolidating around $0.30
I expect the price to dip around $.28 area
getting that entry could be an extra bonus for us.
those who haven't entered this trade yet.
You can still make an entry now.
ENTRY: $0.283 TO $0.305
Targets:-
$0.346
$0.367
$0.404
$0.434
Stop loss :- $0.244
As you can see a potential Inverse Head and Shoulders pattern is in making.
Invalidation will be a break below $0.27 level.
As per the pattern a successful breakout can pump TLM for almost 40% Minimum.
This trade is also based on fundamental catalysts so be careful and use less leverage better avoid it.
If you want such setups every day, do follow me, and do not forget to hit the like button.
If you have any questions, requests you can share them in the comment section.
Thank you
#PEACE
#TLMUSDT Looks price for 300%+ Rally!Welcome to this quick trade setup.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
TLM is one of the NFT coins which looks ready for the rally. All we need is a proper retest for the entry.
They also have some strong fundamentals this week.
We can see a textbook Inverse Head and Shoulders breakout here.
Considering the pattern target is around 300%+.
ENTRY: $0.2787 to $0.3050
Targets :
$0.56
$0.76
$0.83
$1.03
You can hold for more profits above this price.
The Stop Loss would be around $0.2396
#DYOR before taking this trade.
If you have more requests, drop them in the comment section I'll look into it.
#PEACE
#BTCUSD 41.4K on the board! This is why...Welcome to this quick Sunday update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I hope you enjoyed the weekend with your friends and family.
Let's get straight to the chart:-
In my previous update, I mentioned that BTC is ready for a rally towards 33k while BTC was trading around 29700+.
BTC did rally to these levels. I would call the rally towards 34785 something that saved BTC from a massive breakdown.
BTC is really looking good in the mid-term.
It already broke out of the channel resistance and currently, it's retesting the blue horizontal zone.
$32.2k to 33.4k is the main support area for Bitcoin.
I am expecting a rally towards 41k from here.
I know it's a BOLD statement but that is exactly what I see in the current chart.
There's one condition for that Bitcoin, it needs to hold the 32k Level no matter what by the weekly close.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#BTCUSD Perfect Prediction, reached $40k! What's next?Welcome to this quick update, everyone:
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
15 HOURS BACK, In my last BTC update I speculated a move towards 41k level.
The pump was unexpected to me, I did expected a rally but not this fast to be honest!
BTC perfectly reached the 40k level last night with a huge green candle.
The market looks really bullish.
However, for a sustainable continuation pullbacks are very important in an uptrend.
Don't get carried away with the FOMO.
IMHO BTC must retrace to the 35k to 36k are and then continue to the upside eventually reaching the 41k level.
If not we will see a continued rally to the 40k level and then a rejection to the 35k level.
IMHO, A retracement to the 35k level would be very healthy for BTC.
What's your thought on this?
Do you BTC will break the 41k level too?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
#ETHUSD looks prime here! $2500 Incoming ?Welcome to this quick update on ETHUSD
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Etherium looks really bullish as of now.
Just like the BTC chart, I posted a few hours back.
A healthy retracement would really be good for a sustainable rally towards $2800 breaking the 25k level first.
I've plotted the two scenarios I expect from here in the chart.
Scenario 2 seems likely.
What's your thought on this?
Do you think it will keep umping or retrace back for the 2k levels?
Do share your views in the comment section and do not forget to hit the like button.
#PEACE
#BTCUSD Broke below. Is it Bearish or Bounce Incoming?Bitcoin broke below the 30k level. As per my last BTC chart, this is the second scenario in play.
For Bulls, I know this is bad but not the END!
There's a lack of volume in the market.
Most importantly there's no fundamental stimulus to push positive rallies.
Bitcoin is trading below all important moving averages looking at the pattern it seems likely that a bounce is incoming from the lower trendline of the channel.
THE RSI shows a falling wedge pattern which is certainly going to break to the upside pushing the price higher.
Too much information given in the chart, do observe.
Possible areas for bounce:
28.2k
27k
24k
Just keep in mind if BTC doesn't maintain this channel by the weekly close we can retest as low as 24k in the coming weeks.
I believe a Bounce is incoming before the weekly close.
Do hit the like button if you like this update and share your views in the comment section.
Stay tuned
#PEACE
#AXSUSDT Trade Update!
AXS pumped into our entry zones 15 hours back to $27.
Our average short entry was around 26.55
AXS dumped all the way to $21.25 which is almost 20% from our entry giving us 100% profit with 5X leverage.
Technically it just broke the .23 fib level.
I took partial Profits here, closed 25% position around $21.5.
Next possible targets :
O.382 FIB LEVEL : $19.05
0.5 FIB LEVEL : $15.935
0.618 FIB LEVEL : $12.85 (Golden Pocket)
Move Stop Loss to $24.12 and hold the position.
If you want more setups like these every day, do hit the like button and share your views in the comment section.
Thank you
STAY SAFE
#PEACE
#ETHUSDT Is the Dump over?Welcome to this quick update, everyone.
#ETHUSDT bounced right off the $1706 which I called on my previous updates.
That was the golden pocket as per fIB RATIO.
What's next?
There are two scenarios and both are bullish if you see it as a mid-term signal.
We might get another. opportunity to buy ETH around $1700 that could happen purely on a complete daily rejection of $2k ETH. This is Scenario 2.
Scenario 1 is a breakout above the green zone.
If BTC manages to break and close above the Green box I believe ETH will enter into another positive wave after a long consolidation.
Stock RSI shows signs of rejection in the short term.
Let's see how daily reacts.
What's your thought on this?
Do share your views in the comment section and do not forget to hit the like button.
Thank you
#PEACE
#AXSUSDT 10x already, Is it over or more gas is left?Welcome to this quick update.
I don't generally post Altcoin setups these days but I got many requests for AXS.
So here it is.
Look at the chart.
2.8 to almost 29.15 in 22 days and you think it's intelligent to hold a LONG POSITION on AXS?
I wouldn't do that no matter what.
The community is strong but I see some good traders cashed out recently.
Since this coin has been going bananas you never know it can even break $30 in few days.
My thoughts:- Accumulate short with less than 5x leverage between $25.3 to $29
IN CASE THE TREND BREAKS which already seems it can reach as low as $12.6 Golden pocket as per Fib levels.
BREAK AND CLOSE BELOW $24 confirm the downtrend.
Stop Loss:- $30.25
DYOR before taking trades.
Do hit the like button if you like my setups and share your requests/views in the comment section.
Thank you
Stay safe
#PEACE
#BTCUSD 27k Incoming ? CRUCIAL UPDATE!!I'll just get to the point.
Bitcoin is at a crucial level right now.
It needs to close above the white trendline and break above the channel for bullish momentum.
Breaking the 33k floor was bad for BTC.
The chart looks simple and it seems 27k being the lower support zone for BTC It can get there.
It is also the demand zone so far.
We have seen multiple wicks showing buying momentum at those levels. The orange line shows what we can expect if this breakdown happens to be a fakeout.
CLEARLY A NO TRADE ZONE FOR ME.
I will be more than happy to buy BTC at lower levels.
Always look at the big picture.
BTC is poised to break $100k whether it is 2021, 2022, or 2023.
It will eventually happen!
Break and close above 33k invalidates this chart.
What's your thought on this?
Do share your views in the comment section and do not forget to hit the Like Button.
Stay safe
#PEACE
#BTCUSD Extensive Analysis, Next Demand Zone!Welcome to this extensive Analysis on bitcoin 3 days Chart.
BTC is currently trading around 33k level at the time of writing this update.
The weekly level still maintains the 50D WEMA which is a good sign for the Bulls.
While everyone wants an answer whether BTC is going to 28k or 43k I would like to share with you something very important that we need to keep an eye on,
Every time BTC starts a new rally we see a very sharp sweep to the downside to kick out all the weak hands.
We haven't seen that since we broke the 52k level.
I believe that last sweep is still due.
This could be anywhere between 23k to 28k level.
I would buy a good chunk of BTC at those levels.
I just want you to realise the current trend is too bearish!
Lack of volume, Breaking Support levels.
No fundamental catalysts.
Nothing but a series of FUD being posted everyday.
Unless BTC breaks above the 42k level with good volume and a weekly close we can expect more consolidation in the coming weeks.
We haven't seen much confirmations from the various important indicators too.
Though MACD looks bullish in this chart but it could just divert in the very next candle close. You can't just rely on one pattern or indicator for confirmations.
Remember, only a weekly break and close above the 42k level confirms a new uptrend.
Till then it's better to do small trades. Scalping is recommended if you know the basics of TA.
Do you agree with my analysis?
What's your thought on this?
If you like the information I shared here do hit the like button and share your views in the comment section.
Thank you
Stay safe
#PEACE
#ALTCOINs in Danger? Welcome to this quick update.
In my last update, I said if ALT Mcap CLOSES BELOW 738 Billion altcoins will be bearish AND YET WE SAW dump in ALTCOINS but it didn't follow how I expected.
Just shifting a few trendlines and I got the chart above.
Looks like it's still under the channel and a bounce is likely from here.
It will take some time with sideways action or even little pullbacks during the weekend.
Close below this channel could create a panic in the altcoin market with blood everywhere.
Let's hope we see a bounce from here.
Let me know your thoughts on this.
Thanks for reading, Do hit the like button if you like it and share your views in the comment section.
Thank you
Stay safe
#PEACE
#ALTMCAP Reached $800 Billion Spot on! What's next?Welcome to this quick update guys.
In my last update, I mentioned the $800 billion target for Altmcap and a green week for Altcoins and it happened.
What do we expect next in this chart?
As per this 2 hour chart ALTMCAP breached the $800 billion mcap and closed above it in 2-hour.
It's highly likely to pump to almost $870 billion keeping in Mind BTC doesn't start fuckery here.
With this rally, Altmcap will reach the top of this rising channel.
During these times it's better to take long /short positions and close ASAP. Holding could be painful here.
What's your thought on this?
Will it pump the way it did before?
Your Likes/comments give me the motivation to post frequent updates.
I need your support to help you.
Thank you and do hit the like button and share your views in the comment section.
Stay safe
#PEACE
#ALTCOIN SEASON only if it happens!!!Welcome to this quick update, everyone.
I got many requests for analyzing the Altcoin Marketcap
BTC has been acting strangely these days and I am more of a TA guy rather than the fundamentals.
TBH Fundamentals play a very major role in Crypto.
But charts always give us a hint ahead of the news, doesn't matter Bearish or Bullish .
Let's get straight to the chart:-
The TOTAL2 represents the Total Altcoin market cap.
According to this chart, the Alt mcap must rally towards $800 billion in the next few weeks keeping in mind the $733 Billion mark holds.
Currently, we are at an important level of support.
Observe the channel support as well as the Yellow trendline.
Trying to breakout positively. Breakout and a bullish retest confirm the uptrend in altcoins which will eventually give us a green altcoin week.
What's your thought on this?
Do you think Alts will rally?
Share your views if you have any in the comment section and do not forget to hit the like button if you like my updates.
Thank you
#PEACE
#BTCUSD Pump incoming ? Or just fakeouts?BITCOIN short Update:- BTC closed above the 35.2k level in weekly which is indeed good news for us all.
What we see right now is a rejection right after the daily close which is normal on Mondays.
Bitcoin is currently sitting right on the 50D MA added with the trendline support this becomes very important for the bulls to hold.
The green zone needs to hold for BTC to remain Bullish.
I expect a rally towards 36k starting from today.
Important Resistance levels: 36.3k 42k (Major Resistance)
Let's see how the PA follows.
If you like this short update, do hit the like button and share your views in the comment section.
#PEACE
#BTCUSDT Bears in Control or a TRAP?BTC pumped all the way to $36600 and then dumped right back.
Got rejected from the 36.6k important level.
What can we expect now?
I expect some sideways movement here and then a pump towards 37k level trying to break the resistance.
For this scenario to play out we need a daily close above 34.6k level.
Let's wait for the daily close.
Do hit the like button if you like this short update and share your views in the comment section.
Stay safe
#PEACE
#BTCUSD Wyckoff Accumulation Model Simplified!
This is my take on Wyckoff Accumulation Model.
Let me make it simple for you:-
By the time you are done reading this update, you'll understand what this model is about.
PHASE A :
PS (Preliminary Support): It's the first support after the Bull Trend which is broken and we see an extreme selling called Selling Climax (SC).
After Selling Climax what we see is an Automatic Reaction which is a bounce after the dump.
This dump is initiated by smart money but they are the ones buying at the same time when it gets to the low as it happened at 28k. While everyone is hoping for a pump we see a Secondary retest this Secondary Retest and the Automatic Reaction Levels make up the Trading range under which the price fluctuates for a long period showing the signs of accumulation. The Support and Resistance Levels make up the Trading Range.
PHASE B: Accumulation, Rejection, Bull and Bear Traps, Wicking but under the TR which is, in this case, 30k to 41k level.
PHASE C: This is where I think the current price is.
Before the beginning of a new bullish phase, we see a bear trap.
Called the Spring.
This is the most important aspect here that one must understand :
The spring is the last bear trap which makes people believe that the trend is over.
The question is whether the dump that happened on June 22nd, all the way to 28k was the spring or another new Low is coming up!
Well, I don't know. Too much fear in the market makes you think it's all done and we will start bouncing from here but who knows!!
It can make a new low as the last Bear Trap all the way to a 24k-25k level which will be very quick.
I want you to know that this model works even today.
Since there are many people doing it the wrong way I wanted to clear this for you all.
BULLISH SCENARIO: We need to break above the SOS (Signal of Strength) to be sure about the BULL TREND. Here that level is 41.8k level.
CONCLUSION : IMHO We have entered the 3rd Phase "C" as per the diagram.
The question is whether the spring already happened or it's coming.
Even if BTC dumps to 24k It doesn't seem good to sell around these levels while the smart money is accumulating. It will just slow down the accumulation phase for few more weeks.
I think could happen if we just hold the 32k level in this weekly.
For more information stay tuned, I'll follow up on this chart for your better understanding.
This is the only cheat chart that can help you to determine the right time to trade.
Hope this helped, if it did please HIT the like button and share your views in the comments section.
Thank you
#PEACE
#BTCUSD Weekly Closed above 32.7k but is the Spring over?Welcome to this quick update veryone. I appreciate your views and likes in my previous update. Let's get to this one.
The first thing that we needed is done we got a good weekly close just above 32.7k.
This is a good sign but too early to be happy again.
What really matters is whether we get above our trading range or not!
Which is the breakout of the 41k level triggering the SOS (Signal of strength).
Keep in mind, the Market is in extreme fear so accumulating BTC around 30k is never a bad idea but for mid and long-term traders. For the Bulls who trade on swings better to wait for the Break above 41k.
I am quite confident that this is phase C.
The question remains the same, whether the 28k dump was the last spring or we're gonna see another dump towards 24k.
FOR THIS TO HAPPEN: ONLY A Weekly close above 36k can cancel the 24k Scenario (Not Financial Advice)
This is a 2 Hour Chart, It shows a breakout but the 33k level hasn't been retested yet. Keep that in mind and if you're leverage trading better to take profits off when it's green!
What's your thought on this?
Do you agree or you have other ideas? Let me know in the comment section.
If you like these updates, do not forget to hit the like button and share your views in the comment section.
Thank you
Stay safe
#PEACE
#BTCUSD This level needs to hold to stay bullish!Welcome to this quick update, everyone. During my last few updates i've stated that BTC can easily hit the 36k level since everyone was waiting for 24k level it never happened "YET"!
BTC is currently trading around the 34k level.
the green channel must hold for BTC to remain bullish.
There are two scenarios I see possible here :
1. BTC can either hold this level and continue by breaking the 35k level or
2. BTC can either take a dip around 33k level and continue to the upside.
this can only get invalidated if BTC closes below the 31k level in daily.
The Weekend is near so we can expect some low-volume P&Ds on weekends.
So be careful and take trades carefully.
Bitcoin is bullish but will get invalidated if it fails to hold the 31k level.
Stay safe
Do hit the like button if you like this update and share your views in the comment section.
Thank you
BTCUSD : This level confirms 4OK TARGET! Bullish!Welcome to this quick update everyone.
Hope you had an amazing weekend with your family.
I know the market has been acting unexpectedly.
Good thing is we didn’t take any trade during weekends.
You actually saved a lot of money doing so.
Let’s get to the chart.
We broke below the green channel support trend line which is now a resistance.
In lower time frame we could see an inverse head and shoulders in making.
So if we close above the black channel resistance trend line and get back above the green channel trend line it is highly likely the bullish trend will be back with a target of almost 40k to 45k.
All this dump could end up being a trap.
So what’s the best thing to do at this time?
I will be looking for some Altcoin setups now and do scalping.
Once the price fulfills the conditions I’ve stated above I will look for some swing trades and hold BTC on spot.
What’s your thought on this?
Do you find this chart helpful? If yes, do hit the like button.
Do share your views in the comment section.
Thank you
#PEACE
#BTCUSDT is ready for 43k! ARE YOU?Bitcoin retested the levels that we discussed in our last update.
38k.
I believe we can easily reach 43k level but with two possible scenarios.
1. We retest the 37k level again and then move towards 43k or
2. We keep pumping from here and close above the 41k level in daily which will trigger a bigger rally to 47k.
Bitcoin looks bullish, you can accumulate from 37k level to 39k on spot and wait for lower 38ks for lev long positions.
I have opened a long position since 38200 and holding it for now.
If you like these short updates, follow me, and do not forget to hit the like button.
You can share. your views in the comment section.
Thank you
#PEACE