I shared previously both scenarios and was leaning toward red, simply given the fact we had a harsh rejection at the above bearish ob in red, with candle closes below and wicks above. We then lost the s/r as support, made a LL and broke market structure increasing the drop momentum down to my target almost perfectly, just quicker than I had anticipated! Now...
Did you pull out In time? You may be saying this isn't going to work. Wrong mindset. This is the time to take a profit. Then either wait for the correction or find another coin to invest into. This is about making money not getting comfortable in a trade. Personally, I am going to be waiting for the bottom. Then Ride it back up to the top.
Following the breakdown of the wedge, price is currently situated in the blue box where it could hang around a little. I don't really expect a bounce upward out of this zone. However, if we do have a bounce and break out of the blue box it is likely because the NPOC at 1818 is attracting the price. In that case I would not expect the bounce to go any higher...
Hello trader, This update is about the cycle view. IF we check the chart depending on low time frame, then we can see from 20-07-2022 BTC entering a new green cycle. its not a simple cycle that anyone can see, because the cycle are same time not confirmed for high time frame. It means that BTC is about to show an effect if this cycle keeping further into...
So previous idea on ETH went perfect! (Check it if you haven’t seen it yet) Following the analysis,we notice a pinbar candle on 4H ETH chart on demand zone which could lead to higher prices.but since the ascending wedge I told you about it the previous idea broke down,every upside is considered a pullback and an opportunity to sell or short.good luck all!
Hi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In this post we have the BTCUSDT (Orange) chart pulled up, and on the same scale the ETHUSDT (Turquoise) chart. I have pointed out the next major...
Going on vacation out of the country for a few weeks. I like selling OCT $60 puts as an idea to help pay for the trip and more of a hands off strategy. Coin is down -10% today and been putting in high beta moves. However with a nice volume shelf and demand in the 60 zone, I don't mind selling cash secured puts for 6.75 in credit. Worse case, I get assigned...
ETH/USD is in ascending channel and now at key level which needs to be carefully watch out, if its breaks the trend line then we can bearsih breakout otherwise ascending channel will continue.
In the previous analysis, according to the bearish pattern, I warned of the market falling, that after the first target was broken, we are touching the second target in the area of $21,000, which, of course, we see the support of the market trend line. If this area is broken, we will see a sharp bearish behavior in the market and we will fall to the areas of...
Let’s see if HEX can hold trendline support and work it’s way back up…RSI is way oversold and begginning to curl upward.
These Blue lines are important to see how the graph react after touching these lines. If it hit and break these lines we see 1200 otherwise market will return to 2000
Ethereum Intraday We look to Buy at 1671 (stop at 1624) With signals for sentiment at oversold extremes, the dip could not be extended. 1656 has been pivotal. 50 1day EMA is at 1651. We look to buy dips. Our profit targets will be 1788 and 1818 Resistance: 1700 / 1750 / 1800 Support: 1660 / 1600 / 1560 Disclaimer – Saxo Bank Group. Please be reminded...
Every channel in the channel in the channel tells us that 1600 will be ultimate bottom (for now). Imo in this corrction move we wont go lower and new highs should be next before big, september flush.
BTC dumped 8% (purple price range) after the bearish Supertrend Ninja - Clean signals (red vertical line on the background). RSI at 36 is in the bearish zone. If we take a look at the RSI Brown, its in the oversold area. If we take a look at the Average Directional Index ( ADX DI) its still in the bearish zone. The red columns have overtaken the green columns....
Ethereum (ETH) has experienced another tremendous rally of about 130% since its June low. That said, in the short term, price action indicates that the $2,000 psychological level is still a difficult resistance to overcome. Here are three things that need to happen to give ETH a higher chance of breaking above $2,000. #1 RSI Needs to Stay Above 50 The Relative...
First target hit from my previous 2 ideas. We hit the bottom of the rising wedge an broke through it. So this may as well have been a bearish rising wedge all along as suggested. What could've propped up this rally in crypto was equities earnings reports not being as bad as everyone thought it was going to be and crypto shows correlation to equities. Macro...
Cyrpto market cap rejected with a solid move down today as i hope it would. looking for the market cap do drop beneath the last low as i need me some cheap crypto!