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BTC Maintains Sideways Movement! HAPPY NEW YEAR!!!! On the BTC 4hr chart, we can still it's still stuck in its range between 16.7k and 16.3k. There's massive resistance above 16.7k from the 3 EMAs (50, 100, 200) and the horizontal resistance at 16.7k and 17.3k. Right now I'm waiting for it to approach the 16.3k level to long or the 16.7k or 17.3k levels to short. The MACD is still curving to the upside which is bullish but RSI has lost steam (conflicting signals), therefore we're getting a lot of chop. If you enjoyed my TA, please send a boost my way and leave a comment below :)
Short
by CryptoScripts
3
ETH Stuck at 1200! Will it Break? Looking at the 4h chart on ETH, we can see it's maintained its tight range around 1200 while also sitting just below horizontal resistance and our 50, 100, and 200 EMAs between 1200-1230. Based on the above resistance levels, I'm still biased towards the downside short-term. My first long target will be 1150, followed by 1100 if we get there. The RSI is still curving upward along with the MACD which gives me some hope, but until we definitively close above 1230, I'm not convinced. If you enjoyed my TA, please send a boost my way and comment below :)
Short
by CryptoScripts
TSLA Bounced Off Support! What Next?The last time we made our Tesla chart, we were in a downward channel and expecting a bounce off support. It has since fell through that but looks to have found support at the $111 level. Looking at the weekly RSI, we can see TSLA is at the same level it was at in May 2020 before it had its huge run (oversold). This, combined with the bounce off weekly support at $111 leads me to believe we could be at a reversal point for TSLA. The next major resistance points are $128 and the bottom of the channel at $138. If we can break back into the channel, I believe $190 is highly likely. If we break back below support, then $92 is the next major level I'll be buying at. If you enjoyed my TA, please send a boost my way and comment below :)
NASDAQ:TSLALong
by CryptoScripts
4
BTC Still Stuck in a Range! What Next?BTC broke below our 16.7k support and continues to remain in a range between 16.7k and 16.3k. I would not take a trade here until it gets to one of the aforementioned levels. The Wave Fusion indicator still hasn't given a buy and I'm waiting for a sharp move in either direction to get some volatility and create some mean diversion. The 50, 100, and 200 EMA still remain big resistance from 16.7k-17k so I expect it'll take a catalyst to break above them this time. This still leads me to more downside. I'm targeting at least 16,3k for BTC then 16.1k (where I'll be DCAing both times). If you enjoyed my TA, please send a boost my way and leave a comment :)
Short
by CryptoScripts
1
ETH Broke Through Support! What's Next?Looking at ETH on the 4h, we can see it rejected off of our 50 and 100 EMAs as predicted and broke through our 1200 support. Right now I'm look for ETH to retest the 1150 level and will be placing longs there to DCA. If you're looking to short, you could place one here with a stop at 1210 or wait for ETH to reach a more substantial resistance of 1300 before placing a short. If you enjoyed my TA, please send a boost my way and comment below :)
Short
by CryptoScripts
2
BTC Continues Sideways! What's Next?On the 4h chart for BTC, you can see we broke above the 50 EMA, but are still below the 100 and 200 EMA at 16.9k and 17.1k respectively. Our Wave Fusion indicator still hasn't flashed a buy but we are close to support at 16.7k so I remain cautiously bullish until we break that. If we go below 16.7k, I'm afraid we're heading to 16.3k, where I'll still be DCAing next. Although if y we break above the moving averages, I'll be looking for a short at 17.3k which is heavy resistance. If you enjoyed my TA or have any questions about my indicators, please send a boost my way, leave a comment below, or send me a PM :)
Long
by CryptoScripts
2
ETH Fell Below 3 EMAs on the 4h!Looking at the ETH chart on the 4h, we can see it fell below all 3 EMAs (50, 100, 200 EMAs) which is definitely a bearish sign. The RSI is curving sharply downwards along with the MACD. It's bottomed out on lower timeframes but still has more room to decline on the 4h. With that said, we are at micro support at 1200 so we may find some relief here temporarily. If we fall below the 1200 support, there's a high likelihood 1150 is next. It's not looking good for ETH until we can break and close above the 1240 level (all 3 EMAs). Until then, I would looking to place a long here with a tight stop at 1185 or a long at 1150, or a short at 1300. Do not trade the middle ranges. If enjoyed my TA or have any questions about getting access to my indicators, please send a boost my way, PM me, or comment below :)
Short
by CryptoScripts
BTC Still Below 3 EMAs! First of all, MERRY CHRISTMAS! Hope you enjoy the TA :) Looking at BTC on the 4h, we can see it's still under the 50, 100, and 200 EMA: Pink - 200 EMA Blue - 100 EMA Purple - 50 EMA Until we break these, my bias still remains to the downside. Now there's still support at 16.7k, so whichever move we make, it will be violent. If BTC breaks to the downside, we're still looking at 16.3k as our next level of support and where I'll start to DCA. If we break to the upside, 17.3k is the next level where I would be looking for a short, follwed by 17.6k. With all of this said, if you want to place a long, you could place it here with stops at 16.6k, or wait for a short at 17.3k. I would not try to trade anywhere in-between. If you enjoyed my TA, please send a boost my way and comment below! :)
Short
by CryptoScripts
2
ETH Sitting on 3 EMAs of Support!Looking at the 1h for ETH, we can see it's finally broken the 50, 100, and 200 EMA on the 1h chart (something it's been under since Dec 15th). This is a very bullish sign and shows we could have some strength to the upside (short term). The current levels of resistance are 1230 and 1300. With ETH being so close between support and resistance (1210 EMAs and 1230), whichever way it breaks will be violent so please be careful if trading with leverage. Looking at our major areas of support, we have 1200, 1150, and 1100. I'll be DCAing at these levels if we get there. If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
Long
by CryptoScripts
2
BTC Trying to Break the 50 EMA! We're currently in a very tight range for BTC with the majority of levels being resistance. On the 4h I currently have three moving averages: Pink - 200 EMA Blue - 100 EMA Purple - 50 EMA As you can see, the purple line (50 EMA ) has acted as resistance for BTC since Dec 20th on the 4h, along with the 100 EMA. The thing we have to realize is there's also support for BTC right below it at 16700. Looking at the indicators, we can see this: 1. RSI had a sharp bounce to the upside recently and is looking to break the signal line (bullish) 2. MACD is starting to flatten out and looks like it wants to cross up (bullish) 3. Above the 50 EMA , we also have horizontal resistance at the 17300 level which coincides with the 200 EMA With all of this said, my bias unfortunately leans to the downside (4 levels of immediate resistance w/ horizontal and EMAs vs 2 levels of horizontal support at 16700 and 16300). In saying that, BTC is right near support so it's risky taking a short, but you could play your stop right above the 50 EMA at 16900 and set your TP at 16300 for a 3:1 reward to risk ratio. NFA. If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
Short
by CryptoScripts
4
Can BTC Hold Above the 16.8k Support?Over the past few days Bitcoin has shown good resilience, bouncing off of our $16300 support. Now we need it to hold above $16800 for any chance of maintaining this bullish momentum. Here's a couple things that has been concerned: 1. The RSI is crossing to the downside, getting closer to the signal line. This would indicate a change in the momentum and traders taking profit from the recent pump 2. The MACD is starting to flatten out. This indicates losing momentum as well as possible continued downside Both of these factors are coming into play as we get closer to the weekend. $16800 was such a pivotal point the past few days that I'm thinking we may stick around it for a little while longer. With that said, if you're thinking of taking a long, I would place my stops around $16600. If you're thinking of taking a short, wait until we get to the $17300 level. There's major resistance including horizontal and the 4h 200EMA. I doubt BTC breaks these on the first try. If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
Long
by CryptoScripts
2
TSLA at Support! Will it Bounce?Looking at TSLA on the weekly, we can see it's still in a downwards channel but has a high possibility of bouncing here. Let's look over a few things: 1. It's at the bottom of the channel which it's been in since Oct 2021 2. It's also at horizontal support of $150 that was a key level back in Sep/Oct 2021 3. The weekly RSI is almost oversold and hasn't been this low since June 2020 All of the above signs show a good R/R level for buying or at least starting to DCA here. If TSLA bounces here, I'm looking at taking profit at the $190 level. If it continues to fall, I'm looking to DCA more at the $129 level (next area of major support), followed by $111, $92, $62, and $24 respectively. If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
NASDAQ:TSLALong
by CryptoScripts
8
BTC Still Hovering Around Resistance!In the above chart you can see Bitcoin is still hovering around the 16.8k resistance level on the 4h and still hasn't definitively closed above it. Although looking at a few indicators, I'm seeing some bullish signs: 1. The more a level is tested, the weaker it becomes (i.e resistance is becoming weaker) 2. The RSI crossed over the signal line and is climbing to the upside 3. The MACD just crossed its signal line to the upside as well All of this combined with a weaker resistance usually means a strong breakout is on the horizon. With that said, I don't think I would buy right here, only because of the macro economic environment with things still being shaky. I would wait to buy until one of three things happen: 1. Bitcoin closes definitively above 16.8k 2. Bitcoin falls to its support of 16.3k or 16.1k (where I would buy at both levels) 3. If Wave Fusion gives me a buy indication at a support level If Bitcoin does break the 16.8k resistance, I'm looking for it to retest 17.3k (which also coincides with the 200 EMA) and rejecting a least once back down to 16.8k before longing again. If this helped you out in any way or you had any questions about the indicators used, please comment below or send me a PM :)
Long
by CryptoScripts
Can Bitcoin Break Back Above Resistance?On the BTC 4h, we can see the Wave Fusion indicator called the short perfectly at $18k. Since then, Bitcoin has broken through three major support levels. Now it's currently at resistance of $16.8k trying to break back above. Let's look at a few things: 1. The 4h RSI was oversold yesterday (last time it was oversold was Nov 21st when we started the upwards channel) 2. The MACD is starting to curve back to the upside. It hasn't confirmed, but this is a good sign that sell pressure is relieving temporarily. 3. It's tested resistance a couple times in the past 24 hours and as we know, the more you test a level, the weaker is becomes With all of this said, I'm expecting BTC to eventually break the 16.8k level, climb to 17k, then retest 16.8k where I'll be taking a long. But I'm WAITING for that confirmation first (it needs to convincingly close above the 16.8k level on the 4hr). If Bitcoin can't close above 16.8k, then I'm looking towards the 16.3k level to take my next long. If you enjoyed my TA or had any questions about the indicators I use, please leave a comment or send me a PM :)
Long
by CryptoScripts
4
Bitcoin Breakout! Big Support Resistance Levels to Watch!Bitcoin finally broke above the 4h 200 EMA and horizontal resistance at $17,300! This was a HUGE step for BTC since that level has acted as resistance for some time now. Now the question is, where do we go from here? The big levels to watch are the top of the channel at $18,000 and the MAJOR resistance at $18,700. I'm expecting Bitcoin to at least retest the support at $17,640 before continuing higher. If it breaks through that support, then the next MAJOR level is the 200 EMA and horizontal support combined with the bottom of the channel at $17,300. These would be great levels to DCA (dollar-cost average) if it gets there. If you enjoyed my TA or had any questions, please comment below or send me a DM :)
Long
by CryptoScripts
ETH Pumping! Wave Fusion Buy Signal!Based on our previous idea post for ETH, we can see it broke through both resistance levels (the downtrend resistance at 1260 and the horizontal resistance at 1270) which makes me a lot more confident in this uptrend. It looks like the Wave Fusion buy signal was stronger than we thought! It called the long from 1240. Now I'm looking at the next horizontal resistance of 1300 and if it breaks that then all aboard the target of 1367! I'm expecting a little chop in between and looking for at least a retest of the 1270 support before continuing higher. If you have any questions about acquiring the Wave Fusion indicator, or my technical analysis, please comment below or send me a PM :)
Long
by CryptoScripts
2
✅ DOGE Update 💥Dogecoin: DOGE is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a "joke", making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community, reaching a market capitalization of over $85 billion on May 5, 2021. It is the current shirt sponsor (sleeve only) of Premier League club Watford. Dogecoin.com promotes the currency as the "fun and friendly Internet currency", referencing its origins as a "joke." Elon Musk frequently mentions or talks about Dogecoin on his Twitter account, boosting its popularity significantly in recent years.
Long
by MiguelFTCurado
8