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Cryptorphic

#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
CRYPTOCAP:TOTAL2
by Cryptorphic
9
#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
BYBIT:BTCUSD.PLong
by Cryptorphic
10
#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
by Cryptorphic
4
#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
BITSTAMP:BTCUSD
by Cryptorphic
12
#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
BITSTAMP:BTCUSD
by Cryptorphic
2
#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
by Cryptorphic
4
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
by Cryptorphic
11
#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
Long
by Cryptorphic
6
ETHUSD Going back to 3k! This is where I'll buy more.Bitcoin is pumping at the time of writing this update almost, $41,300 and ETH trading around $2600. I expect ETH to break the tringle very soon. Once this happens ETH will be ready to push above the 3K AND EVEN 4K LEVEL. All that it needs is to hold the 21D and 50D MA levels. Accumulating ETH between $2400 to $2600 is a good investment IMO of course if you haven't bought yet! (DYOR) What do you think? What's your instance on ETH? Share your ideas in the comment section. I will be posting more ideas on ETH soon. Follow me for more updates. Do appreciate with likes. Do not hesitate to ask your questions in the comment section. Thanks for following Stay safe #PEACE
BITSTAMP:ETHUSDLong
by Cryptorphic
18
#BTCUSDT Breakout incoming! Bullish or Bearish?Hello everyone, welcome to this quick update :- BTC is trading under the traingle as of now and is successfully holding the 39k level since the breakout. What matters the most is we need a healthy retracement here. There's also a CME gap around 38k level. So this pump could end up being a trap. Just my opinion! Expecting breakout in the next 7 to 8 hours. The direction of the breakout will decide the trend. Break above the 41k level can take BTC to upper resistance levels around 43k to 48k and eventually 52k. Breakdown means test of 38k and continue to the upside for 43k to 48k. In both ways we are bullish. We wait for the breakout now. Do hit the like button and share your views in the comment section. Thank you Stay safe #PEACE
Long
by Cryptorphic
10
#BTCUSD Decision Time ! Don't miss this Update.Welcome to this quick BTC Update. BTC managed to get back and closed inside the triangle. Rejected from the TOP. Decision incoming very soon. The good thing is we have the 35k to 36k range as good support. Since the current PA is above both 50D MA and 21D MA in this 4-hour chart. Things are quite fine as of now until we close below 34k again. Will wait for the daily close. Things could get choppy. I am not trading here and staying mostly in USDT. Close above 21D MA in daily confirms bullish rally. Do hit the like button if you like my update and share your views in the comment section. Follow me for more educational content. Thank you
Long
by Cryptorphic
1
#BTC is at crucial point. This is where you sell BTC.Welcome to this quick update. To be honest things aren’t looking good atm. Observe the chart carefully. We did broke down below the triangle but only in lower time frames. It can end up being a WICK in a daily candle close which matters the most. Keep in mind it’s really important for BTC to maintain the 34k level. If you’re holding btc better to keep an SL around 34300 level. Previously we bounced from the 34800 level. It must hold if it doesn’t this chart will get invalidated and we can see some lower price targets. Keeping in mind the current fear in the market We can get surprised too. Let’s wait for some action on Monday. Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though. SO IN A NUTSHELL : Close below 34k level bearish Close above 43k level Bullish Do hit the like button and share your views on the comment section. Stay safe. #PEACE
by Cryptorphic
13
#BTC/USD BULLISH or a Trap? $52,800 Target Incoming?Welcome to this BTC Update everyone. After a long time on your demand, I am back with some educational as well as profitable Trade setups and Charts. Let's make this chart simple. In this chart, we have an ascending Triangle though the breakout confirms the direction of the trend. Why do I think that we can see a 53k level price and what could be the Invalidation level? 1.Too much Fear in the Market: People are too scared to be bullish now. Choppy wicks through the downside show buying momentum. 2. Higher Highs and Higher Lows. 3. 21D MA crossing over the 50D MA. Bullish Crossover. The last Bearish crossover was around $56693 which triggered the downtrend (It's shown in the chart). 4. People are expecting 27k 22k and even 12k price targets right now. We never know if that could happen but looking at the current scenario it isn't likely. these are the reasons why I think BTC could break to the upside and we can see a good rally for Bitcoin. As per the pattern, it could be all the way to 53k level. INVALIDATION : Close below 34.7k Get's rejected from the 38.3k level. We need a break above this tentative resistance level. The current situation of the market is too uncertain. I know things have been hard for all of us but I would like to remind you just one thing that it's more important for us to preserve capital rather than trying to revenge trade and make our all money back. It's too hard and Risky. Wait for the right time to make a move. If you like this update do hit that like button, follow me for more updates and share your views/Charts in the comment section. It takes a lot of time to prepare these contents. Thank you all for reading. Stay safe #PEACE
Long
by Cryptorphic
22
#BTCUSDT Perfect prediction. What’s next?Welcome to this quick update everyone BTC broke out of the falling wedge pattern as per the scenario 2 in my previous BTC Chart. What’s really important right now for BTC is to break the 50D MA and maintain the 21D MA in this 4 hour chart. To keep it simple 37k needs to hold for btc to remain bullish and break the 40k level. 43k still remains the target once we break above the 50D MA. Hope you like this quick update on BTC and plan your trades accordingly. If you want such updates frequently follow me. If you like my updates do not forget to hit the like button and share your views in the comment section. Thanks for reading, #PEACE
by Cryptorphic
12
BTCUSDT 28K or 43K? Possible Scenarios explained!Hello guys what happened in the recent days was brutal. Many of you lost funds so did I and I am not ashamed of saying this. Trading is tough and sometimes you do loose money no matter how good you are. Just what you to know no matter what happens do not give up. Try again and keep learning. Let’s get to the chart. BTC has been trying to break the 21D MA since the last few days on this 4 hour chart but couldn’t break it. This could happen to be the last wave of the correction (I’ll share that chart soon.) There’s still no sign of bear market as people are saying. No it’s not a bear market. I will post regular charts on this so stay tuned. Currently there are two scenarios I see happening in this chart. Either we break this falling wedge pattern and pump all the way to 43k level again or we might see another last dip towards 25k to 28k level and bounce harder with an initial journey towards new ATH. Things might get a bit more ugly so be alert and do not leverage trade in this market. The bottom might still not be in. I could be wrong and trust me I want to be but the charts never lie. If you like this update do hit the like button and share your view in the comment section. Your likes and comments are the reason I work more and more to post more charts from you. Thank you #PEACE
by Cryptorphic
28
#ETHBTC just broke out of this Patten. I40% Rally Incoming.Welcome to this quick update, everyone. ETH broke out of the 995 days Long Resistance. I believe 140% pump is incoming. Just look at the chart it simply looks bullish. CMP is .0495 and it can easily go from 0.10 BTC to 0.15 BTC in the next few months. This chart will be invalidated only after a close below 0.037 BTC WHICH SEEMS HIGHLY UNLIKELY. The first ETH CHart I posted was around .016BTC when I said it's gonna pump from there that and was the bottom. It's currently 300% up from there. I have been holding on SPOT from a very long time. If you like this update do hit the like button and share your views in the comment section. Follow me if you haven't yet Thank you #PEACE
Long
by Cryptorphic
9
#BTC is heading to this Level now... BTC held the 52k support and bounced back again, what really matters is whether we can break and close above the blue trendline in this chart. In the short term Market is bullish unless we reach 59k. The 21D MA as of now aligns with the blue trendline. Let's see if we can get there, Meanwhile alts in both USDT and BTC pair are good to trade but only for scalping. I'll post some setups soon. Do hit the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
9
#BTCUSD is bullish af!BTC broke out and retested what we see now in a smaller time frame is BTC is trading under a possible falling wedge channel. The price can reach the lower support levels around $59,800 level to $61,200. This is a demanding range because it was once a resistance area for almost 4 weeks. If you're looking to add BTC longs start adding now and add more in this demand range. I have shown the 2 expected moves in the chart. Do hit the like button and share your views in the comment section. Thank you #PEACE
BITSTAMP:BTCUSDLong
by Cryptorphic
6
#LTC/USDT looks ready for $400!Welcome to this quick update. LTC is trading above $208 while I am writing this update. Every single coin is up a minimum of 3x to almost 100x! Like WRX! LTC is ready for the breakout, I am expecting either a direct breakout from this level which is scenario 1, or a retest of the $187 level which will possibly be the last opportunity to buy LTC under $200 shown as in Scenario 2 in my chart. I believe accumulating $LTC at any level around $200 could be highly profitable for you. Not financial advice Please DYOR ) Do hit the like button if you like my setups and Follow me for more future updates and highly profitable setups. #PEACE
Long
by Cryptorphic
12
#BTCUSDT Moving Sideways but this is what I expect.Hello guys, hope you enjoyed your weekends. I took a 2 days break which was much needed. Let's start this week with this BTC Update. Bitcoin has been trading under this descending channel since the last 1 week. Breakout to the upside can take BTC to 62k level. While I expect BTC to hit the 54.8k to 55.6k level again a breakout to the upside is possible. BTC is mostly moving sideways providing an opportunity for the altcoins to pump. Conclusion:- Unless BTC breaks and closed above the 21D MA a retest to the 54k to 55k level is highly likely. Do hit the like button if you like my updates and share your views in the comment section. #PEACE
COINBASE:BTCUSD
by Cryptorphic
5
#BTCUSD 55k or 63K?Bitcoin is forming a diamond pattern right now. If we are able to break the pattern to the upside It's highly likely we can see 63k level soon. I still stand with my previous BTC chart. A retest is still due on the channel breakout. SO if we break the 58k level along with 21D MA. It's highly likely we can see 55k 56k level with a strong bounce in that area. CONCLUSION: BTC maintains 21DMA we are going to 63k (Scenario 1) Break below that level means 55k which is scenario 2 will be in play. Do hit the like button if you like my setups and share your views in the comment section. #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
3
#BTC Dumped but don't panic, Here's why!In my last update, I said $60k is incoming and we did see a test to $59800. Bitcoin broke out of all the resistance levels without any major correction from $50500 to %59800. IT DUMPED TILL THE $56873 level. I could expect a bit more correction to the $55000 to $54000k area to test the channel trendline but only when BTC doesn't hold the 21D MA which is less likely. $56.5k is an important support level as you can see in the chart. It is also the neckline of the inverse H&S Pattern. All these dips IMO are buying opportunities. I've plotted both Scenarios in the chart. Do hit the like button and share your views in the comment section. Thank you #PEACE
COINBASE:BTCUSDLong
by Cryptorphic
20