Crytpotrading
BTC CAPITULATIONLongs are currently outweighing shorts at 60/40 whilst price action continues to get rejected at key support areas. The descending triangle formed on BTCUSD could mean we see 8400 sooner than anticipated. I believe if we see 8000s again a lot of people will capitulate and then the real bull run will commence. Remember, the market makers want you to sell lower and buy higher. Best of luck out there.
ETHUSD Short to 160, before rally to high 300sETHs price activity since mid December 2018 has signified a break from the major downtrend we saw off of ETHs ATH and subsequent rapid depreciation. ETH has since then enjoyed a very strong uptrend with growing volume and bullish price activity. Now I believe ETH is set-up to show a repeat of the bullish activity in spring to early summer of 2017, which ETH saw rapid price growth to levels of $400+, but with this bullishness came volatility and after setting a new high ETH came down multiple times under 200.
Watching ETH get set-up for some long term growth and momentum, and the resistance it is running into as seen on the ichimoku cloud, I expect us to see a continued decline in buy volume until ETH goes below 150. After this point, I think we could see a rally from November onwards to the $400 price levels.
Watch for ETH to continue to decline along the edge of the Ichimoku cloud on the weekly chart. I believe now is an optimum time to for me to enter into a short position with a target of $160 or less.
This is not investment advice, you are responsible for your own investment decisions.
Happy trading!
WATCHING DGB 50 MA FOR A BREAKOUT watching for DGB to break the 50 MA
next leg up could last for weeks
What a fu*k!ng power move by Dash.I'm not sure if everyone noticed this or not, but Dash is the only one between BTC & ETH who actually created a new higher high during this recent pump today.
Let's hold "aggressive" support at 163ish USD, but at the moment Dash seems to be holding up fairly well.
Dash is also creating support above the BIG dump off in Nov 2018.
Time will tell per usual.
Is the bottom in for GLXY?
In my previous post I talked about the descending triangle that was broken to the downside.
It appears as though a bottom may be forming, not 100% sure yet. I expect to see a retest of the resistance at $2.20 CAD.
Time will tell per usual.
WILL BITCOIN BREAK THIS RESISTANCE?!Bitcoin is coming up to a STRONG resistance level at 5500 to 5600. Do the bulls have enough strength to break these levels??? Within the day or the next day we will either break out of these levels and test 6k or bitcoin will fail HARD and go back to the support levels between 5100 to 5200. BE SAFE! This market is heartless!
XRPBTC Consolidation - Breaking UP or DOWN?? Been observing this ticker for a few days now, notice on how the trendlines are drawn:
- From higher high to lower high to lower high
- From lower low to higher low to higher low
The two trendlines looks like they are converging to a single point.
This is a consolidation pattern of price action and price is about to break out from the pattern. On a Daily Time Frame, some of you may be able to identify the "Inside Bars". At this moment, market watchers will be asking this Golden Question - Is it breaking UP or breaking DOWN?
One group of traders I know, we call them the breakout traders. They will place their Buy/Sell Stop Orders a certain price outside the two trendlines and anticipate to get in to catch the move, either up or down it doesn't matter to them.
There are another group of traders who are directional, they do their analysis and "place their bet" on buying or selling the market according to their market bias. They get the best entry price but at the same time, they are exposing to the risks that are far more worst if the market goes against them.
What I prefer is to wait and anticipate where price is heading and identify its turning points. Using methods such as Harmonics Patterns and Supply Demand, I am able to mark out the price area that price is likely going to turn, and it is at these areas that I am interested to take my trades to protect myself as i have a good risk management.
Which are the best methods? There is no right or wrong answer, I recommend to choose the right strategy that suits your personality and your lifestyle.
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BAT con posibilidad de 5% y con segundo piso para protegernosBAT rebota después de una buena caída en una zona solidad de soporte basada en proyecciones, extensiones y retrocesos de fibonacci. Lo mas interesante es que contamos con otra zona de soporte donde podemos hacer un promedio bueno de nuestro valor de costo si la moneda llega a caer de la primera zona. Nuestro target es un conservador 5%.
Esta Moneda la compramos en nuestra comunidad privada 3C Plus a 3635 sats.
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Ethereum is a joke!! Down we go again!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Ethereum has broken beneath support levels!! Significant drop to come!!
BITFINEX:ETHUSD is down by more than 93% over the past 12 months!!. ETHUSD has fallen through the 105 level and now we are looking for another significant drop to the 83 level, thats another 20% wow!
From my experience stay on the sidelines or short sell!!
Happy trading :)
Follow your Trading plan, remained disciplined and keep learning !!
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Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Bitcoin ready to dump again!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Bitcoin Is being rejected by important resistance levels again!! Significant drop to come!!
BITFINEX:BTCUSD is down by more than 92% over the past 12 months!!. Bitcoin has been rejected by now the 3557 level and If it drops below 3452, we are looking for another significant drop to the 3227 level.
From my experience stay on the sidelines or short sell!!
Happy trading :)
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
CAUTION!! Ethereum about to drop 28%!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Ethereum Is being rejected by important resistance levels!! Significant drop to come!!
BITFINEX:ETHUSD is down by more than 91% over the past 12 months!!. ETHUSD has been rejected by the 121 level and If it drops below 116.50, we are looking for another significant drop to the 83 level, thats another 28% wow!
From my experience stay on the sidelines or short sell!!
Happy trading :)
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Neo Setting up for another collapse!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
NEO coin is setting itself up for another southward movement!!
BITFINEX:NEOUSD is down by more than 96% over the past 12 months!!. NEO has been rejected by the 7.90 level and If it drops below the 200 MVA, we are looking for another significant drop to the @5.5 level, thats another 27% wow!
From my experience stay on the sidelines or short sell!!
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Update idea
Bitcoin 80% drop and lots more to come!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Bitcoin is crashing and continues on doing the same !!
BITFINEX:BTCUSD is down by more then 80% this year!!. We are looking for another significant drop to the @3000 level, thats another 25% wow!
From my experience stay on the sidelines or short sell!!
Follow your Trading plan, remained disciplined and keep learning !!
Please Follow, Like,Comment & Follow
Thank you for your support :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Update idea
TRXBTC ABOUT TO COMPLETE WAVE 5 OF WAVE CHello guys!
From my poitn of view, Tron is in its way to complete WAVE 5 of the WAVE C of the corrective structure ABC .
From what I see, it could still go up a little bit more at around 0.00000410, before heading south towards 0.00000259 to test it again, and with a further push down to 0.00000200.
All this would be invalidated if Tron breaks up explosively taking down the previous high at 0.00000430.
I would update the charts as soon as the market makes a decision.
More deep analysis coming your way of all major and popular Cryptos!
SUBBTC [Daily] Very bullish medium/long termWe already covered Substratum on inraday basis here and it was good one as first target been reached.
Now, the latest developements ( please do your own reaserch about that ) + daily chart suggest SUB might be silent hero here and we are very bullish short, medium and long term.
It,s not blind believe and we will think again below 1300 as its uncharted terytority for SUB.
Let´s go, CardanoIn this chart you can find the reasons, why I think that Cardano will move soon. We built up a bottom trendline over the last couple of days. If we clone this trendline and put it on top of the last high, we can see, that the resulting channel would meet almost perfectly with a former high trendline (orange upper line) to build a double top.
We could also breakout below the lower purple trendline and continue the downtrend, but because of the hidden bullish divergence, a Doji candle and higher lows I´m more bullish than bearish. For trend confirmation it´s recommended to wait until the dotted purple line will break or until a candle fully closes beneath lower purple trendline. But you should also be careful for fake-breakouts below the lower trendline, since market makers often times know where people will enter their trades and where they set their stops.
My stop is at 1170 sat.
This is no trading advice and these are just my thoughts. It´s a high risk scenario, since we are in an overall sideways market with low volume. In these markets you should set your S/L very tight because price can jump very quickly if market makers enter.
BITCOIN STRONG SELLBitcoin has not shown any signs of recovery and has failed to Rally, I still stand by my Call of BTC falling towards 3000/3500 Mark back in MAY from 9820 level which you can see as a reference. Since than it has tried numerous times to rally but has failed miserably. We will be witnessing a total collapse of Bitcoin when it reaches the 5800 Mark this time.
BTC- The promised landHello Cryptonutters,
Nice close for the daily today with BTC rising nearly $200 and holding. BTC is currently in a upwards channel on the higher hourly timeframes. The upper band of the channel has been breached and as you can see will now act as support at the $6700. From a technical view the action will start as it heads to $6800 which is a very strong resistance point. There is a huge confluence area which is the point of resistance factored in from the previous $6000s lows and is the exact spot at which the infamous Bitmex maintenance pump stopped and the long term trend from the ATH in red.The ETF rejections were already priced in when the decision was released so it had little or no impact. The data is also clearly showing that a base has formed around the $6000 mark and has held all year. Is that THE bottom? Well, that is a possibility because BTC has been forming higher highs and higher lows since the big drop from $8500. Only a fall below $6250 would invalidate that now. The point at which BTC will pretty much confirm a bull reversal is a clean break through the red resistance line. If it is rejected then support will fall back to the $6400s. So it is starting to look like a fall under $6000 is going to be very difficult and unlikely but not impossible. Sorry to the bears but I cannot see it ever getting much bellow $5700, simply because there will not be anyone out there willing to sell their valuable BTC for less than that. So the people holding USD/USDT are slightly disadvantaged at the moment IMO. Also in the mix is the BTC shorts. The BTC shorts are in overbought areas near ATH and moving in a rising wedge with the apex also projected at the $7000, until much anticipated short squeeze. So in summary watch for the $7000 mark where it is make or break for BTC.
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*Each individual trading position is unique and this information should not be used to formulate any type trading plan.