CVC reversing at day TFCVC look pretty good at day timeframe, but 4 hours show it might pullback from current resistance zone it is testing now. So there are two scenarios. Either pullback, and then buy zone should be around 0.01825, or breakout to 0.02277, and than buy zone should be on pullback to current resistance 0.0208, that will become new support.
Targets for future growth: 0.0233 - 0.0255 - 0.0277
Cryptotrades
BQX bullish with new "earn interest" offerNow 470-490 is the strongest resistance left above. Considering the size of that move already, maybe it will stop the growth for a while. Maybe not.
I won't buy it here. Will wait for pullback to 370 and 325 (two entries exponentially growing to lower value).
4 minutes chart for current pump:
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BNB getting ready for a bounceBNB made a nice bullish wave from 181 support to 195 resistance. Now retracing and already close to potential bounce zone at 187-188. If bounce from there, may form a consolidation channel between ~187 and ~190. Early to predict breakout or dump from that channel. Obviously a lot depends on BTC behavior (Binance coin plays bad against bullish BTC). Will keep posting in here.
Bitcoin starts a new year, new cycleHappy New Year everyone!
BTC closed it around 7165 and so that will be the new important support and resistance zone for all future price movements. Mark it on your charts. Next most important zones are 6430 for support and 8300 for resistance. Within this month closer SR zones at 6800 and 7600 will be surely tested.
Today we have pretty complicated situation (will be updating this review regularly). On one hand ~7050 support was main target for many shorts and it received nice volume on bounce. On the other, 7160 became resistance, and we know it is a strong one. Now expecting BTC to test that resistance and result will define the future. Failure may dump it to lower levels at 6800 - 6500.
Why new cycle? Because according to previous history this year should start a new bullish period of Bitcoin. I really hope that demand won't shrink and halving will have the same result it had all previous years. See below.
LOOM possible breakoutLOOM at good support and should make an impulse move up soon. Target 245-250 resistance.
Matic consolidatingMatic is in the "middle", while still consolidating after the dump.. Nearest support at 205 and resistance at 226. Approximately equal chances to hit both.
ALTS at important resistanceI feel worry for alts, as alts index is close to both horizontal resistance and descending channel border. Breakout will certainly be followed by pumping alts, while rejection will put alts into red zone for 2-3 days at least.
Month closing so bearish, that dead cat bounce is actually possible. Week no that bearish - which again lead us to dead cat bounce =) And that bounce will be after the New Year.
BAT bullishBAT is so bullish and so overbought. Made a huge progress in one and a half days. Now at 2640 resistance and the last one at 2700 is the strongest and should stop the growth. Certainly worth jumping in after pullback to ~2520 - 2460 is over. But now very risky. As I wrote, should pullback either from current resistance or from the next one.
LTC downtrend bounce - will it reverse?Don't forget at high timeframe Litecoin is within a strong downtrend and now only making a bounce. Early to call it bullish.
Now pulling back to 5700. Might wick below that value. Only two days till month and year candles close, and I have to admit, that LTC has a very bearish chart at both timeframes. I wouldn't dare to hold that coin for long. Only to buy support and sell at the nearest resistance.
Bart pattern 2What if BTC will make second "Bart pattern" in a row? =) That would provide huge liquidity to dump it lower at good price.
At this moment picture is rather bearish - like its going down without any bounce. But these pictures change so often... Besides when something look too obvious for majority, it might be used by powerful minority to turn everything upside down.
Ethereum (ETH) price analysisThe Ethereum Project token moved North to $151 on Sunday, December 8 and successfully returned to the $150-$152 support zone.
The coin started the new trading period on Monday with a correction to $147. It formed the exact same candle, but in the opposite direction, erasing all gains from the previous day.
The ETH/USD pair continued dropped further to $145 on Tuesday, December 10 after trading as low as $143 during intraday.
On Wednesday, the ether formed its third straight losing session and fell to $143. The current monthly low of $143 was surpassed in the early hours of December 12 as the coin was heading towards $130.
The uptrend was broken after failed consolidation in the $150-$152 zone. Bears are already looking at $130 as their next target.
LINK promising bounceHaven't write anything about LINK for almost a month. Basically - all that month it was falling, so wasn't worth mentioning. Now we have a bounce that withstand dump all coins had lately, and that gives hope for further growth. Very promising bullish candles so far. Either will keep on growing or pullback to 292-297 support. Considering the fact that alts market is in danger, I would rather bet on pullback.
BTC pump or dump is comingBTC went down to 7400 support and now making a weak bounce with very low volume - if whales won't jump in and push price through 7555 resistance, we will see a dump to lower support. Nearest short's stops will be triggered above ~7570, which will pump volume and price (= provide liquidity for a dump, if there will be any). If dumpers will be eaten that will provide even bigger liquidity on liquidated shorts, which will push price even higher making huge pump. Can't choose the side here. Either fast dump from 7555 or ~7700 zone or monster pump killing alts and shorts taking BTC to 8050 - 8300.
FUELBTC LONG - 105 sats - #FUELBTCHey everyone!
New week, new trades.
Here is one setup shared just earlier in our Discord channel and I didn't have time to publish this idea quickly enough before the breakout happened.
Long consolidation = price expansion (in either direction)
Also if you zoom in, you''see a structure resembling an ascending triangle (super bullish) which is also drawn on this chart.
Fibonacci, balance and Volume Profile look great, the only thing that was ignored was the stop run highlighted by the blue box. That would invalidate the setup but I just couldn't let go of everything else that was present on this chart.
Liquidity relatively low but above 50BTC (decent enough for myself).
In case you're reading this trading idea in retrospect, you can still put a limit order @51 sats giving you a 5.4 Risk-Reward Ratio setup.
Take care,
Vlad The Crypto Trader
DLTBTC LONG - 763 satsReferring to the previously posted idea below: 'DLTBTC LONG - 770 sats', the stop has been adjusted and so has the Risk-Reward-Ratio
This setup looks perfect now!
Very likely to perform and with a decent return on your money.
Let's see how this goes.
Take care
Vlad The Crypto Trader
DOCK consolidation channelSince signal was given DOCK was swinging within the same trade range between ~104 and ~127. Last bounce was from 113 minor support, so we may expect it to test 121 resistance and, if succeed, grow to the top of that channel at 127-128. If that happens, chances for breakout towards 137 increase exponentially.