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This is where I start looking to re-enter - 42-46kHi Traders, A non-video post for you all here. Bitcoin, under the ascending BLACK trendline, has now entered into bearish territory. But, as I have explained numerous times throughout my daily update videos, I do NOT think this is the beginning of a longer-term bear market. This, quite simply, is a pull-back that may last for a few more weeks or through mid/end of December. Why? Institutional investors and hedge funds are collecting profits. Re-allocation will begin in Jan-Feb, at which time Bitcoin should turn bullish once again. Time, price, pattern. That was the time aspect. Now onto price and pattern. We are in bear territory. Slightly. But still. Looks like a bear flag has formed on the daily, but we also have adequate support below us at anywhere from $42,000 to $46,000. Long term hodl'ers don't seem to be releasing their grip. Lots of volume below us according to VPVR as well as the 200 day. Additionally, two potentially significant uptrending lines for support. All of these are strong arguments for a near bottom in this drawback soon. Stock markets are bearish. Yes. True. I've stated my case for this in the last several videos but you may view my last one in the related links below. In correlation with the stocks becoming bearish, Bitcoin has followed suit. However, I am not sure how long this correlation will last? Maybe it continues and the stock market bulls return pulling bitcoin up with it? Maybe a de-coupling occurs and stocks continue to be bearish but crypto turns bullish? This all remains to be seen. What I can read from the charts is that it does look like our crypto space is nearing a bottom on this current drawback. A few more days or maybe weeks and I should be able to start putting together some decent setups once again. Stay tuned and until then, trade safe all! -Stew
INDEX:BTCUSD
by stewdamus
1
Bitcoin clean chart explanation.Hello guys, welcome back. today I'm planning to share my analysis on bitcoin, lets see step by step what has happened so far and then we can predict what might happen. please keep in mind, its not a financial advice, we are just trying to find a good insight on price action, I strongly suggest to keep calm and not fomo specially in these days, be very careful and always have a risk management for your trades. Here, you can see that we had this down trend from 14 Apr till 21 Jul, this big correction started as price tried to reach for higher highs but showed weakness everytime. at the end of this downtrend, we had two important support and resistance level which made us this beautiful price accumulation. as you can see as price broke this level, we had a ride toward 53k resistance zone in which we got rejected from and from there, we came back straight to support zone. by break of 53k support zone, trend continued to reach previous high and also make a new ATH, and then another sell started which caused the price crash to 53k support zone : by break of 53k support zone, we went straight down to 40k, now some might say its a market manipulation or anything like that, but the thing is its still meaningful in price action, so from now on we can expect two things; the last time price reached 40k, it was with a huge candle ( pretty meaningless ) and priced bounced off right away, we certainly did break the 53k support, but we are not sure if we are done with retesting the 40k, so price has 2 places to visit A) 53k resistance Zone - B) 40k support zone. so be prepared for both of them ! also, the price action on 40k zone showed so much bull strength, this means there is a very low chance of price falling below 40k. what I personally expect is something like this : Don't forget to like and subscribe for more updates. Let me know what you think in the comment below. Good luck ;)
by Algo_Analyst
2
Sand complete analysis, 2 scenarios Hello and welcome back everyone, I hope you guys doing great. Sand has been very popular lately, so I decided to write a complete analysis for you guys based on technical analysis, few days ago I also gave you guys a trade idea. with less being said, lets get into it; looking at 2h timeframe chart, you can see that price has bounced off of the green trendline 2 times before ( marked with red ) and we are currently on the same level again, now the thing is that, we can also see that volume is not enough right now ( unlike last 2 times ) but if we see some volume here, price might bounce off once again. On the other hand ! we have a double top price pattern on chart, as you might already know, double/triple tops are trend reversal patterns that in this case might lead us to a correction, you can also see the orange neck line on the bottom which also gives us a very vital support zone. now what to do ?! Well my friends, let me be honest with you, there is literally no one in the world that can tell you exactly what will happen so what you will have to do is to put all these information together and wait for confirmations. to summarize and explain how to enter different scenarios : 1. The bullish scenario : ( more probable ) we have this support zone, marked on chart between 5.7 - 6.2 $, you can DCA here and put your stop loss below the neckline, or also wait for the yellow trend line breakout and confirmation. 2. The bearish scenario : by break of the green trendline, we might see a pullback and then a break from the neckline, you can short into it with confirmations on pullback and then break of the neckline, and the target would be 4.6$ please keep in mind, its not a financial advice, you are responsible for your trades, do not enter any trades without risk management, Let me know if this was helpful and comment below what you think. also don't forget to follow for more updates.
by Algo_Analyst
2
Crypto market, Full analysis, ( DOT, XRP, GRT, BTC included )Hey everyone, this is not a normal analysis, I fairly believe this is going to happen but keep in mind I might be wrong and have your own risk management, ( ITS NOT A FINANCIAL ADVICE ). Looking at crypto market total cap, we can see that we have formed a channel, now as you can see I also marked 3 dates on chart, in which price hit the bottom line, now lets see what exactly happened every time we did that on other coins. BITCOIN : DOT : and etc ... as you can see, its equal to the bottom, and guess what, I believe we are currently at the third bottom and the next bullrun is about to happen. Now there are some coins that didn't do the same thing, They didn't fall but they also didn't have such huge bullruns, such as ADA. what to do now ? well its simple, analyze the coins themselves, check for bullish patterns, see if we are currently at a buy position or nah, then if we are, there is a high chance for a correct setup and we if are not, just leave this one and find sth better. Examples : lets take a look at GRT: well as you can see, we are currently in a channel, we have made a good rounding bottom, everything looks bullish, there is a resistance line ( Drawn with black ) and break of that level means a big run, so everything is pointing us toward top and we just need a catalyst, well I just told you there is one based on market cap, hop in ! another example XRP : we had a channel, we broke down, we also had a trend line ( green line ) we broke that down also, it doesnt mean that this thing is going to go down, but there is a bearish energy around this crypto, so we just move on, XRP is not looking good for this technic. You can set this up for yourself, Analyze the coins yourself or even ask me to do it for you, I will gladly help. Again, this is not a financial advice, just an IDEA ! Like and comment below what you think. Don't also forget to follow me for more updates.
CRYPTOCAP:TOTALLong
by Algo_Analyst
1
Daily Market Update - 7 min rundown of 20+ altcoins gauging tempIn this video: * Many of the smaller cap altcoins are entering bearish territory * I believe we are close to finding support for this current crypto correction * However, many disciplined traders will find themselves having to exit trades * It's time to exit some coins, take losses, and find a better re-entry condition and setup * Overall, markets remain in neutral territory. However, smaller cap altcoins are turning bearish. * jasmy, filecoin, shiba, shibainu, shibusd, ada, cardano, uma, umausd, zcash, zec, zecusd, doge, dogeusd, bat, basic attention token, batusd, oxt, orchid, oxtusd, bitcoin cash, bch, bchusd, ethereum, eth, ethusd, altcoin market, bitcoin dominance, etc.
COINBASE:OXTUSD
by stewdamus
2
AMC - price is correctingThe price is in a corrective area right now. It can retrace a bit more as marked on the chart. 2 Possibilities : 1. The correction can either be a triangle (in this case, we can see an upside soon). 2. The correction will unfold into a zig zag and we can see more downside, before the price will start to go up again. In this chart, the second possibility is presented. The Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Have a beautiful day! :)
NYSE:AMCShort
by YExplore
ALICE bull and bear scenariosHello everyone, hope you doing good. * This is not a financial advice, use the idea with your own strategy and risk management * Few days ago, I wrote an idea about ALICE and shared with you a great setup ( Hope you didn't miss that one ) as we reached target 4, now we have to figure out whats the next move, as you can see in the chart below, we have a trend line that price has been rejected many times before and we are getting closer to it, two scenarios are also drawn on the chart below : 1. Green arrow = Bullish scenario : in which we break out of this level and since there is no actual resistance I think we will have a ride to ATH 2. Red arrow = Bearish scenario : in which we will get rejected once again and have a ride toward bottom be patient, watch how price will re act to some certain levels, if you saw weakness it would probably mean that we are going to go down, but if we broke the trend line with a good bull candle, its most likely a bull market. good luck ! I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldn't miss out any updates. Like if you think this was helpful and let me know on the comment section below. * This is not a financial advice, use the idea with your own strategy and risk management *
by Algo_Analyst
2
ALICE technical analysis - Daily chart -Hello traders, hope you doing well. * This is not a financial advice, use the idea with your own strategy and risk management * Alice broke the green trend line ( uptrend ) and from there, formed a channel that we are currently in, by breaking this channel, there are targets on chart based on which side will break; Red lines are short targets ( if we break the bottom ) * Which I don't think will happen * Green lines are long targets ( if we break the top ) I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldn't miss out any updates. Like if you think this was helpful and let me know on the comment section below. * This is not a financial advice, use the idea with your own strategy and risk management *
Long
by Algo_Analyst