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Bitcoin Rallies, Faces ResistanceBitcoin has caught a lift from the low $40K's and is currently maintaining a very narrow range around our level at $43.8K. There is a vacuum zone above to the next level at $45.0K. The Kovach OBV has leveled off for now, suggesting that momentum has waned for the moment. We do appear to be meeting resistance just above $43.8K confirmed by three red triangles on the KRI. The rally does appear pretty weak, so we will see if this is just a relief rally into a bear trend, or if the momentum can continue to $45K. If so, this is the next level to break before we can consider $50K again. From below, we have $43.1K, $41.9K, and $41.6K to provide support.
BITSTAMP:BTCUSDLong
by quantguy
Bitcoin Edges Up, Faces ResistanceBitcoin has edged up after testing lows, barely piercing into the $30K handle for the first time since 2021. This dip was quickly bought up, and we returned to the value area between $40K and $42K or so. Currently, we have edged up past the vacuum zone after $41.9K to test $43.1K from below. This is a very meager rally for Bitcoin, which in times of intense buying can span $5K easily. We are seeing some formidable resistance from $43.1K, and the Kovach OBV has leveled off. Several red triangles on the KRI are confirming the resistance. Thus, it is likely that we will retain the range and establish value between $41K and $43K, edging the bar ever so slightly. If we catch more momentum, then we must break $43.8K, then $45K before we are able to see higher levels in the $40K's and consider testing $50K again. Based on the current momentum observed, this is not likely any time soon.
BITSTAMP:BTCUSDLong
by quantguy
Bitcoin Tests $39K!! Pivots Back to $40K'sBitcoin saw a substantial selloff yesterday, and broke through to the $30K handle briefly. This dip was immediately bought back, which could suggest a bottom to the bear market at least for now. Recall that prior selloffs were reluctant to get bought back and stabilized in their new price range. However this time, Bitcoin tested the $39K's before getting bought back to value in the $42K's. We aren't hopeful for a bull run just yet, but it appears the markets feel the low $40K's are fair value for now. That being said, the fact that we tested $39K in the first place is not a particularly healthy sign for BTC. Watch for further tests into lower price territory as the more we feel out these levels, the more comfortable we are at holding them. Currently, we appear to be holding onto the narrow range established earlier this week, between $40K and $42K. This is still a relatively narrow range for Bitcoin. Watch the vacuum zone above to $43.1K, which seems to be the level to break before we can consider $45K's. From below, $40K seems to be holding strong, but $38K is the next target below should we test lower levels again.
BITSTAMP:BTCUSD
by quantguy
ETH - My Trading Plan in a picture!Hello everyone, if you like the idea, do not forget to support with a like and follow. on WEEKLY: right ETH is overall bullish trading inside the blue wedge pattern and is now approaching the lower trendline and 3000.0 support, so we will be looking for trend-following buy setups. on DAILY: left ETH is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ETH would be overall bearish can still trade lower inside the green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
16
BNB - My Trading Plan in a picture!Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: right BNB is overall bullish trading inside the blue channel and is now approaching the lower trendline and 400.0 support, so we will be looking for trend-following buy setups. on H4: left BNB is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BNB would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:BNBUSDLong
by TheSignalyst
8
Bitcoin has Little Buying Interest at $40K 😰Bitcoin pressed lower of the weekend establishing new relative lows at $40.5K or so. We have since edged up to regain the $41K's, but we did not see the buyback we would expect if investors considered these lower levels 'bargain' prices. We made it as high as $42.8K or so, but were unable to even test the next level at $43.1K. At the time of this writing, we may be seeing the beginning of another dump with a small red candle forming, testing support at $41.6K. We have some green triangles on the KRI around lows, so we should have support there in the event of another selloff. However the more we test $40K, the more comfortable we are breaking it. The next major stop down is $38K. A bull rally must first break $43.8K before we can hope to close the selloff candle back to the $45K's.
BITSTAMP:BTCUSD
by quantguy
BITCOIN - TRIO RETEST!Hello Trading Family, BITCOIN is sitting around a strong rejection area. What I call "TRIO RETEST" Here is why => The Highlighted Purple Circle is the intersection of three key rejection levels/zones. Retest 1: Horizontal Support The 38k - 40k zone in green is a previous resistance turned into support. Retest 2: Non-Horizontal Support Bitcoin is overall bullish from a long-term perspective and currently testing the brown trendline which acts as non-horizontal support. Retest 3: Demand Zone The 38k - 40k zone is also a demand zone as we previously had an explosive movement from it. As per my trading style/plan: I will zoom in to lower timeframes and look for bullish reversal setups (like a double bottom, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good Luck All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSDLong
by TheSignalyst
36
DASH - Optimistic Road Map!Hello everyone, if you like the idea, do not forget to support with a like and follow. DASH is approaching a strong support in green so we will be looking for buy setups. on DAILY: DASH is forming a channel in brown but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Long-term: Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Short-term: For the bulls to take over from a short-term perspective, we need a break above the last high. (green zone) Meanwhile, until the buy is activated, DASH would be overall bearish can still trade lower till the lower till inside the green support. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
Bitcoin DUMPS again!! Will $40K Hold??Bitcoin has continued to sell off, reaching lows at around $40K exactly as we anticipated. If this does does not hold then we are clear to test the $30K's with $38.2K as a target level. This is derived from Fibonacci levels on our longer term outlook on the daily chart. This is a significant level, as the next major Fibonacci level down from here is at $29K. We should see support start to form if we are to stop the bleeding into the $30K's or $20K's. We did see a sharp bounce from $40.8K, but we were only able to recover to $42K or so, which suggests that these lower prices in the low $40K's were still not enticing enough for potential buyers. The Kovach OBV is still hugging lows, barely flinching with the pivot. It seems like we are still in need of a 'fire sale' to stoke buying interest in BTC. If we do see buying interest form later today, then $43.1K and $43.8K are the next targets.
BITSTAMP:BTCUSD
by quantguy
AMC to $ 7500 per share?Hey trader, please see my current idea on the AMC stock, where my count suggests a short-squeeze to the $ 7500 per share area. This is due to the fact that our wave 3 has the similar length as our wave 1 and wave 4 hasn't manage to invalidate the bullish scenario so far. A invalidation is given if we see a retrace furthermore than 50% and a touch of our wave 1. I bought $ 500 of AMC stocks just in case this technical target may tab, even tho I doubt it. I'm a serious trader and a serious investor, but on this one I will leave this seriousness by side - I am with you guys! Let's hodl. Please keep in mind: This is no financial advice, nor an advice to buy the AMC stock since it can induce a total loss of your money. Please risk only the money you can lose totally. Best of luck to all! RT
NYSE:AMCLong
by RT_Trading_
6
BTC point of no return, something tragic between now and 2034Maybe BTC has fuel for a last 10x pump but after that, look at the angles, the probabilities are that BTC is going to form a gigantic H&S and then return to the 6k market bottom of 2017. The other probability is that the Dollar is going to collapse and the world we are living in right now will have no resemblance whatsoever in 10 years time, I am very skeptical about that. I think BTC is about to enter a very rough pathway, 5 to 10 years bear market. Red flashing lights for those who decided to HODL from here.
BNC:BLX
by awesomenewsforyou2
$BTC Extreme Volatilityfinally $BTC picked a direction this is normal don't think about todays price think about the price in 2-5+ years if 42k become resistance Bitcoin Algos will flip to sell again The Stock market is controlling the narrative its all bunch of bull shit don't be a scared paper hands pussy buy the dips HODL this is financial advice don't be a pussy will get worse before it gets better high probability BTC trades towards 37k next few weeks as the stock market shifts sentiment away from growth into value energy etc... buy the fear IMHO hold as long as it takes YOLO CASH IS TRASH
Long
by bmoneytree
ETH - Trend-Following Setup!Ethereum broke below 3.5k! NOW WHAT? ETH is overall bullish trading inside the brown rising wedge pattern so we will be looking for Trend-Following Buy setups as it approaches our lower brown trendlines. Moreover, the green zone 2.8k - 3.0k is a strong resistance turned into support. The highlighted purple circle is a very strong area to look for buy setups as it is the intersection of the green support/demand 3k and the lower brown trendline. As per my trading style: I will be waiting for ETH to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:ETHUSDLong
by TheSignalyst
10
Bitcoin DUMPS: The Biggest Overlooked Factor For Crypto TradersBitcoin has tumbled lower, as hawkish fed minutes permeate all markets. Before, Bitcoin traders did not have to worry about the Federal Reserve or know what 'hawkish' and 'dovish' mean, but with institutional holdings increasing, the influence of the Fed, is now a reality as we have seen twice lately. Bitcoin has smashed through our lower levels, finding support exactly at $43.8K, before edging lower testing support from $43.1K, below. This level does appear to be making an attempt to stop the bleeding, but $41.9K and $41.6K should provide further support if needed. These are among the last levels in the $40K handle, and if breached, there is a vacuum zone to $37.7K. If we can manage a relief rally, then $45K is the next target.
BITSTAMP:BTCUSDShort
by quantguy
Four Ominous Signs for BitcoinBitcoin is still maintaining the range between $47.4K and $45.6K. We have continued to establish value in this area since the tail end of 2021. The lack of buying interest, low liquidity, choppy trading, and very narrow range aren't positive signs for the flagship cryptocurrency. Every time we attempt a small rally, it is immediately batted down, confirmed by red triangles on the KRI. The level $45.6K does appear to be providing support, but the longer we keep testing this level, the more comfortable we are in breaking it. If so, $45.0K and $43.8K are the first levels of support below, but in the event of a proper crypto dump, we could easily feel out the low $40K's. If we can muster the strength to break $47.4K, $48.2K is the next target.
BITSTAMP:BTCUSDShort
by quantguy
2
XRP - Patience Is The Key To SuccessXRP is still coiling up and down with consolidation that seems to have no end. Like with many laggers patience is key for the hodlers. We will eventually see the breakout but i still thing that for that to happen BTC has to finish its first massive fall. BTC dominance is dropping quite hard and this only means good for alts. We have a massive support at $0.50 area so don't be afraid that we will not hold this (red box). It is very possible at that point that even $0.60 will not get revisited anymore, but somewhere close to it like $0.70 can get revisited (yellow box). Breaking above he green price area would mean clear skies ahead for XRP, but before this happens we must see what btc will do first. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:XRPUSDT
by CR35