Up!
✅. First short setup turned GOOD - Next move looks bullishMarket seems oversold after the rejection of the 200MA. It looks like we are in time for a few rally days!
Bear market rallies are the strongest. Volatility whips both ways!
Historical Precedent
I wanted to share the 1990 precedent that I mentioned first during early May. I would like to point to the idea that we are quite short-term oversold (by looking at the speed and distance that we came down), so if you are short might be good idea to tighten stops, since we are likely to have a couple of rally days. Also to be clear, my personal guess (which not a tradable advice but just a gut feeling) is that we will not get the Easy Dollar Environment (EDE) so quickly like in 1990 but more like until end of the year. In the meantime I guess we would chop before a clear EDE in Oct-Jan.
BTC Replaying 2021BTC is doing the same thing it did in September 2021 - Triangled triple bottom on support. Apart from Weekly divergences pointing to 26-27k and indicators exhaustions with room to the upside - this is an additional pattern being re-played.
Today NFP - Expect anything, but for sure a bounce to the upside soon.
Cheers!
BTC THE MOMENT OF BREAKOUT - BTC READY FOR SHOWDear traders,
BTC are at this moment on very important point - and same time a level where we can expect breakout for BTC.
22200 are very important level for more volume.
Its important to wait to see or this level will get confirmed, when this happen BTC can enter to higher levels, and even with long time frame 27K
BTC are at same time on very important point for breakout - this depending on the historical trend indicator as the below chart shows ( read more about it)
This update means that BTC are on important level for a new gain - 22200 can in this trend be a golden level for new breakout.
So lets see or BTC will get into 22200, and going for higher gains.
ETH/USD bOOM bOOM bOOMThis one is going to bring a lot of head turning, be dammed. I am just going to put this out there and if I am wrong so be it. But If I am right bow down on bended knee. LoL So here goes I may have hinted to this about a year ago but did not place much emphasis on it at the time. ETH is going to go down a dark road and may not come back. Let me explain BTC and everything down chain will explode and ETH and everything below it will fade into nothing ness. Yes You will not hear this anywhere else and maybe never will until all the guess work is over. I am here to tell you right now if your left standing with a single penny afterwards I will be surprised. It may temporally take off but do not be fooled it will soon crash. Now I do not like saying this at all I have been a long time ETH supporter, but things change. And this I promise will be for the good of everyone except those holding the bag. Don`t be a bag holder. All that energy will pour into BTC like a waterfall. Be ready be warned be a winner.
Happy Trading.
The Clock is ticking know the dates. Be informed.
Is it over? Hi everyone,
Yesterday I analyzed BTCUSDT and talked about the reason that we are still bullish in the short and midterm. (link down below)
Today, we are going to be analyzing ETHUSDT, and the chart looks clear and beautiful. Right now we just broke above previous resistance where we took off some liquidity that was sitting above the previous high, and we are at a really important level of resistance of a wedge that we are inside of it.
We are in the narrower channel part of the wedge and the price is showing a loss of momentum and a rejection of that resistance. Even though on the H1 timeframe price is in a symmetrical triangle, which is a continuation pattern, I lean towards breaking to the downside. However a break to the upside is possible, and if does so, I will analyze tomorrow where it will go.
Btw, DOGE is looking good if it closes above the resistance. Maybe take a look if you get to read this post right away.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
Going down, for nowHi everyone,
Yesterday I talked about how VETUSDT might go back to its demand zone. (link down below)
Today, as I expected, we are not going to have any volatility and it is going to be a bit quiet than the last couple of days. This is only a probability but we might still have some moves.
For DOTUSDT, we are in a wedge and we are most probably doing a retracement to at least the 0.5 Fib level where we also have the support trendline of the wedge.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
That's itHi everyone,
We are still in a wedge for Bitcoin. We took out the liquidity that resided above the last swing high, and right now the price is showing rejection, which is creating a new high, with liquidity that resides above it too.
In the following days, we might /witness some red days, which will make retail enter short, then test the 0.68 Fib level. After that, we might break above the resistance shown, retest, and then reach the 27,750 level.
In summary, we are going to see a move to the downside (short-term), then to the upside (mid-term), and finally continue our long-term downtrend.
vgx/usdVGX going To run so says a famous guru. Things are trending down but will watch and see what miracles happen.
GMT | Possible cup with handle patternAs you can see, GMT after a very hard drop is trying to recover and appears to be inside this triangle where a cup with handle pattern is visible. If it holds the critical 0.83 level and bitcoin fails to drop below the local bottom, we could see GMT break this triangle up and point towards $1.50 again.
SHIB Triangle Waiting for Shib to make a move out of this triangle... I'm positioned for UP, but we never know.
I'm not so confident about the Fibonacci yet, so don't take this too seriously.. I'm actually just half concentrated about this chart, but I figure if I can contribute something to the people, I prefer that rather than nothing... I think..
God bless yall, stay safe out there.. These are shark waters. And if you take this trade, you should wait for retest to get it, that means, wait for price to get out of the triangle, and if there's a sharp move, wait for price to come back sharply to retest, and get in there.. If it starts moving the other direction too much, then either change your direction, or let the trade go...
Sorry that I'm not more confident, I will do better next time.
I want to give props to Sheldon at Brypto Banter for teaching me some basics through his videos... Do a search on youtube for him.
Stay safe, be careful.
Best regards,
ThomChris
ONE to support them all!!
Out of extreme confidence that the worse has passed over the last 8 weeks (This long of a period is making me feel like Tom Hanks on Cast Away). I think both NEAR and ONE have a trully bullish 2022 ahead of themselves. The possibility to buy these tokens this cheap is nothing short of criminal. Both count with VC's that despite Macro rout are funding the projects at 100mn+$
Very good R/R at these levels and my speculative self is not expecting it to even linger around the Wiggle Wiggle range.
#Long #Bullish #GREATIMESAHEAD