I am no fan of Bitcoin because it defies market logic but...I don't have much time to address, and I am no fan of BTC, never traded it myself before etc...but the chart does not lie. So it seems like Bitcoin is indeed in a bullish ascending triangle. I can't say when the breakout will be, but the volume is declining so I would say fairly soon. Those who are experienced with TA and ascending triangle should also be aware that this may also go wrongly and reverse, as there is also what seems to be a triple top. My primary opinion is long, secondary is neutral. Please, DO NOT TAKE AS FINANCIAL ADVICE. Do your own digging before buying cryptocurrencies. Thank you.
Cyrptocurrency
Bitcoin Take ProfitGuys, I did take profit on this trade at 54866. I saw that price action was showing extreme exhaustion at the micro trend line. Following that about a hour or two later, the market moved aggressively to the upside. Now that we are at the level of 58k for the right shoulder completion, we could see the market possible continuing in the opposite direction. The IRS did send out Stimulus checks and a lot of people received them today. This could have ultimately pushed the price of bitcoin much higher. But make no mistake, the market creators are coming for those profits lol. I will be looking to place another sell position if the market provides more confirmation in regards to a sell off. I still am looking for price action to come back to 51163. Remember, it is never bad to pull your profits. Always set a daily goal. NEVER BE TOO GREEDY! I will enjoy my profits and monitor this for us all. Be sure to leave a comment below, we would like to hear from you. We appreciate you for checking out our post and remember, we will see you on the other side.
Rodrick (CEO)
Third Eye Traders
Uptrend intact - Elliot WaveBased on this 4H chart, Bitcoin has completed the ABC correction on February 28. Wave 1 of 5 has completed on March 3, and i believe we are currently riding wave 2, which is a correction wave for wave 1. Once wave 2 is complete, we will start the wave three which is usually the most powerful wave in Elliot Wave 5 wave stricture. What do you think?
this is just an idea. XTZ 6$I'm still bullish on XTZ.
looking at the mid term, (2 weeks) I see xtz easily reaching 6$. As BTC xtz pair begins to flip, xtz usd will surge. This is currently in process.
the above chart shows strong RSI, and macd moving up. I also see the identical pattern that happened early January when BTC first dipped. I expect XTZ to recover and move to 6$ over the next couple weeks (early march). I see an 8$ xtz price by summer. This will probably coincide with a massive BTC movement to the 100 -200K area.
again, this is all just an idea based on observation and discernment of the current economic state. The dollar is becoming weaker and people are anxious to invest, even blindly. I expect some very extreme movement in the stock market and other markets over the coming months. Personally my goal is to move to silver and real-estate once the next crypto surge completes (btc 100k -200k)
Whats yours?
good luck.
Will BTC break out our Respect Resistance? I obviously have a bullish sentiment on BTC however, I am hopeful that we will test this daily structure + 61% fib as resistance allowing us to see another dip to the relatively low and maybe even the 40k mark. This will allow for a healthy retracement before another bull run and more importantly, give others an opportunity to load up at a better price point prior to MOONING.
We tested resistance on the 4H already now we need to confirm.
BTC'S NEXT TARGET?So BTC just broke the 57,333 resistance on the 4H timeframe, waiting for a bullish candle on the 1H then i'll enter for buys asap!
Trend is very bullish on the weekly which closes in 12 hours, monthllu which closes in some days.
If price continues in amomentum, i'm loooking as a crazy move to $61k
ITS - CONSOLIDATING. CLIMB BACK UP? Low supply and MC. Simple Chart showing potential growth if we keep consolidating and we don't blow out the bottom. ITS has some great potential.
A experimental perpetual yield token that will integrate into the Renascence Platform - Soon TBA.
Big token burning op. Some 50k to 100k tokens. That's it. And low MC atm.
Thoughts?
Bitcoin Update: Break of upward channelFor the past 2 weeks price action has ranged in a clear, definitive upwards channel; recently bitcoin has extended gains breaking out of this channel to reach a new ATH. If the top trend line can get multiple confirmations of holding as support, we can anticipate the next major leg up as the rally continues. If the price breakdowns back into the channel, the next mid term support will be the bottom trend line.
BAND/USDTIt is forming an ascending triangle along with a parabolic curve, which usually occurs when a market moves up or down in an exponential type way. These are very rare moves that typically occur from periods of rampant speculation or at the end of bubbles(buying or selling into a parabolic move takes a lot of courage). As more vertical or parabolic the state of the curve, the bigger the resulting price correction usually is.
However, if done correctly, the benefits of trading a parabolic move can be great as they offer rapid profit potential. Prices tend to move very sharply at the end of a parabolic move. It has already formed Base 1 and Base 2 (mentioned in NOTE in green) and now is ready for a crazy move to the upside. Since, we are in an ALT SEASON, every coin is moving wildly. Crazy Market = Crazy Returns.
Resistances/Targets are mentioned in green (Although, it can surge more than that).
Supports in Blue.
DISCLAIMER : I am not your Financial Advisor, this chart is just for educational purposes only (DYOR).
P.S :- Too much information in the chart.
BINANCE:BANDUSDT
LTCUSD 20 January 2021 - Daily TimeframeHi traders and welcome to my channel ...
As you can see LTCUSD still in the uptrend channel …I think we have a continuation of a long move to break resistance at a level of 156.72 then it's going to retest and up to the next 4hours resistance on my daily chart at the level of 186.37
but if the price can’t break the resistance of 156.762 … it's going to drop to the first support at the level of 130.0 and then we have consolidation in that area.
All info can be found in my chart.
*Support this idea with a Like or Comments if you find it useful* ... Thank you
________________________________⠀
DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only
LINKUSD - Longs $26, $32Link/USD
This cryptocurrency is now available in our public viewing.
We have a great area of where price can reverse from.
Based on what merit?
From a lower time frame we would be looking at around 21.2 which aligns to the Fibonacci 61.8% level.
Daily level buys - 19.77 or 20.8 where a daily imbalance is occurring.
Master key:
Purple = weekly
Blue = Monthly
Orange = Daily
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Pure imbalance trades - with further explanations on the graphs to understand.
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NUUSD Getting ready for a Bullish Breakout! (1 hour chart)Posted on NuCypher Last night on a 15 minute chart. Looking to finally gain some momentum after some nice conslidation (except for the plunge last week) Recovered very nice and I have a feeling in the coming weeks the teens will be a thing of the past ( for now )
I am not a professional charter in any shape or form, still learning more and more every day! Do not buy this because of what I am posting, strictly my opinion!
Good luck everyone and happy day!
BZRX Short?Learning, so I'm sure this is wrong. But perhaps a descending triangle forming? Short on the break of the lower line
BTC - still long, the retrace has arrived. Update to BTC:
A fresh all time high, created a great drop to fill the balance.
A new fresh top formed. Price has fallen but stopped at a great level of imbalance.
What now?
We will expect price to form a pin bar - for the bulls to close out the 7500-8000$ drop, however price will close within a nice range between the fresh top and new demand break.
If you are holding longs and still comfortable.
continue to hold with hedges accordingly at levels where price has reacted .
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for $900bn and the vaccines are now rolling out.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
Zones to watch for long additions.
$24,000 - 25,550
$30k target - nearly there, however 29k is the -0.786 extension target. - this was completed over the weekend 2nd, 3rd January.
We now have an imbalance to fill back to $22.5 to 24k - this will be the pivot level for longterm outlooks.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
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simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
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Team Lupa
BTC new demand zone createdHere is a view of BTC where a new zone has been created short term potential swap zone at 21,000 where price can fall back just as fast as it can rise.
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for $900bn and the vaccines are now rolling out.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
Zones to watch
$22,000 - 23,750
$20k is the complete move extension as part of a large sell off.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners through to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
If you feel our work is exceptional and would like to donate coins, this is highly appreciated.
Regardless we will continue producing analysis.
Thanks,
Team Lupa
Still holding on but our stop is nearRipple was the 3rd buy of the crypto space but has significantly lagged BTC and Litecoin. It still remains much higher then the previous range state but recent news hasn't helped the currency. Our model doesn't account for news stories so the recent SEC drama was never a factor in our decision making. If XRP cant hold 0.43 we are out of the position.
BTC long into 2021 We have a good base formed now - granted BTC will need a correctional back into the weekly, monthly zone so expect price to bounce between 18500 to 19000 as lows.
So long as USD is showing weak depreciation - BTC will show a general bullish bias, as well as created an extension target of 21,200.
We will continue to monitor.
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We are currently doing quick analysis at this moment due to concentrating on our main line of work.
Trade what you see.
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Team Lupa.