Yesterday we saw the BTC bulls put up a show with over 5% gains over the course of the day. Personally, I was not expecting such a bullish day to happen anytime soon. Part of the explanation is the oversold RSI on higher time frames for the first time in months, combined with shorts getting liquidated. For now, I'm still not convinced that the bulls have the...
A little later than usual, but here we are with another daily update on BTC, and well, well, we see a nice short-squeeze happening about what we have been warning all of you about. We are looking for the price to stay in that range for some time (or during the weekend) and then move back eventually to $40K and finally break down from it. Monitoring and keeping an...
Hello TradingView Family / Fellow Traders, From a long-term perspective, ETH is currently rejecting the upper bound of the brown channel. Weekly Chart: 📈 For the bulls to take over again from a long-term perspective, a weekly candle close above 2600 is essential for the bulls. If achieved, a movement toward the next resistance at approximately 3000 could be...
Etherium has entered a notable support zone, prompting a discussion in this video regarding two potential trade scenarios. The first involves the market being somewhat overextended, presenting a potential buy opportunity as it interacts with support. The second scenario considers a retracement back up into resistance, offering a potential sell opportunity....
Due to the approval of BTC ETF and the impact of the reduction of GBTC holdings, the market began to FUD, and BTC and ETH experienced a correction that lasted for several days. But looking at the overall situation of the BEC ETF, it has maintained a net inflow from its inception to the present. We believe that the reduction of GBTC holdings is mainly due to...
Hello Trader, I took a short position on Ethereum today at 2,580, targeting 2,269. While I'm a long-term bull on Ethereum, my model is indicating a possible sharp drop in the near future. I've been using the EW 2.0 model to trade cryptocurrencies & Stocks and in just 15 months, I've turned a $192,000 account into $500,000. If you're interested in learning more...
Long-term. Going higher. Short-term. Pullback imminently continues. ETH has gone +150% in 18 months, so a -20% pullback is completely warranted. I'd estimate April-June to be the buying time. Lots of people will get their tax refunds and that is usually a good liquidity boost for all markets.
While Bitcoin had a smaller correction yesterday, it has tested that broken zone as of now (but there has been no significant movement there as of now). We are still keeping an eye on that potential upper zone to be repaired (which means a breakout from a broken zone). If everything plays out nicely, we will see a very nice downward movement, for sure! Swallow Team
FWB:APE has been going down for months now and it seems like it has more downside. I looking for the H4 FVGs on the charts possibly we can see it going slowly towards there unless we a bullish news for APE. If this support doesn't hold APE will create new lows.
BCH has been teasing both EMAs for some time now and we see a nice downward movement to happen sooner (after securing that 200EMA) After that confimational breakdown, we will most likely see a lower support zone being reached there! Swallow Team
Following the link previously, we see how nicely it has been dumping so far. With 11% of market price movement, we see prices reaching that 100EMA, which is mandatory to be broken for further movement to lower zones here! Swallow Team
After that major rejection from the 200EMA price, LTC has had a hard and sharp rejection without any resistance from buyers. We are seeing here a further movement to lower zones to occur, but we are prepared for a potential small correction as well before continuing the downward movement. Swallow Team
Ethereum is going down, but soon it will approach strong support. There is something missing on the chart, and in my opinion, it's this right shoulder of a head and shoulders pattern. It's pretty likely that Ethereum is going to go sideways for the next 30 days, but what you can do is buy low in the range and sell high in the range. After we complete the head and...
Hello everyone, please look at the ETH chart on a four-hour time frame. As you can see, the price remains below the local downtrend line. After unfolding the Fib Retracement grid, you can see how the support at $2,212 held the price, and then there is strong support at $2,074. Looking the other way, we have significant resistance at $2,375, followed by a strong...
After amazing movement on Bitcoin, we are seeing some kind of re-test happening in the upper zones (which is natural movement for coins) We are looking and keeping our eyes open for a potential short-squeeze to happen (as a lot of liquidity is sitting up there in the $43K zone). Overall, Target remains $34K.
After a relatively big sell-off, BTC is currently bouncing from very oversold levels. Yesterday marked the first time since August that the 8H timeframe hit oversold on the RSI, so a bounce was to be expected. Bitcoin is currently on its way to retest the critical purple area of support as resistance. A rejection from here would confirm the break of 40k, with a...
✅AUD_USD surged again to retest the resistance of 0.6620 But it is a strong key level So I think that there is a high chance That we will see a bearish pullback and a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
With ETH being very volatile, it is looking for a breakdown of current zone (After having massive movement to upper zones) We are closely monitoring price to potentially secure those lower zones (securing by bears); once we see it, it should be a good start for price to move closer to both 100 and 200 EMAs. Swallow Team