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Update

Same song and dance, nothing changedHate to keep doing this on every non-eventful day, but just an update from my last post: Nothing changed, still bullish with 50240 target, stop loss 41000. I laid out the 2 most likely scenarios last week and scenario 1 playing out exactly as expected - finding support at the range breakout level (also has EMA 34,55 support here); stochastic overdone. Expect bounce from here to test the longer term trendline resistance (old support) around 46k-48k, a break above that will send it to target. Obviously if this current level does not hold and it falls below 41k it’s a “close long”.. obviously not financial advice. Have fun, quit getting so excited we in a nap zone. Love ya.
BITSTAMP:BTCUSDLong
by JabezDolz
Doge short update call sorry about the confusion but we have to get in every opportunity if they show themselves OfCourse. here we see divergence on daily and daily is respecting 50% so only logical thought that came to mind was that daily still is retesting, and it looks like that on the 4 Hr & 1 Hr so FIb helps us guide this trade by having our target area set on 50% lvl of the fib as you can see then we will see a buy opportunity hopefully thinking ofcourse i dont like to get ahead of myself but the market only moves two ways so not much options hahah. good luck and always remember stay hard1
BINANCE:DOGEUSDShort
by DgenJoe_007
Short Term Profit Trade Idea - Check Stop Loss and Take Profit!Sentiment: Bearish (short term) Entry Price: Orange Line Horizontal Target Price: $42,000 Take Profit Price: $42,500 Stop Loss: $45,100 (just above resistance) *using Pionex reverse leverage grid robot, which lets me lock up my BTC and loan 5x USDT for my trade. I control the amount of grids and profit/loss per grid….highly recommend. Switching over to Margin grid as soon as BTC bounces off the support of $42K. From $42K, we are looking at target price of $50K-$56K with new support at $45K. Buy Dips and Eat Chips.
Short
by Fabreezio
BTC UpdateBTC, crypto and global markets give a good bounce in the last 24 hours after Biden's conference last night, as well as no more negative news from the Russia/Ukraine crisis. Must watch the crisis very closes as any news will affect BTC price. FED interest rate is another factor that can create speculation in the market. On chart we can see BTC broke the downtrend resistance and is now at a new resistance line at $39k and has a bullish MACD. ETH.D is up, BTC.D is down and MCAP is up, this is good sign as it shows more money is flowing into alts. Trade the range, trade safely.
by sebastianjohansen
2
ETHUSD SHORT ***UPDATE***Opening up a short position near the cloud was a risk and if I had not identified the cloud I wouldn't have pulled my SL. Thankfully I did adding more contracts in the cloud which is working out but to be honest was a dumb idea. The reason being was BTCs leg down was predictable as the cloud moved down on the daily and some of the divergences were pointing that way. Playing the alt game on short or long trades with leverage (Low Leverage) you always need to keep in mind what btc is doing. I will keep the short open however if we close in the cloud today I will pull the short for a small loss, I would rather take a small loss than being chopped out by the cloud. Under the cloud we could see some upward momentum but the sell off most likely will reject us out and back under the cloud. I will not readjust the time frame as it would be a waste of a trade to allow it to leave it open past this time frame.. This isn't the best trade it is extremely sloppy but fighting through it. These were just some thoughts on the short. "It's so messy." -Kewlkat
COINBASE:ETHUSDShort
by kewlkat
A small overview of #Bitcoin | Update for previous analysisI tried to briefly describe this situation. Formation in the form of a cup, or a decrease in price through a descending channel. At this time, in the short term, you can look for patterns in the short, because the candlestick analysis indicates the average weakness of the buyer. Given the structure of the market, you need to slightly reset the long positions, as well as give the opportunity to average the position for those who opened short yesterday at a price of 42000-41500. Thus, the belief in continued growth will disappear, and liquidity in bitcoin in a short position will become even greater. As in the previous analysis, I will only look for short positions when the price falls below the level of 41300 and stay there on the 4 and 8 hour timeframes. In the meantime, a local short, as indicated on the chart
Long
by AzurTrade
CPR monthly levels quick updateWe are currently above the 3 monthly pivots. In order to confirm we are reversing the trend, at least for the short term, we need to confirm the top pivot as support. Going below the pivots could potentially invalidate the trend reversal. The current candle is the most bullish thing we have seen in the past 3 months 100% The next target is 46K which is the first resistance from monthly CPR for Feb and the most realistic target if we managed to confirm the pivots as support (white lines). Make sure you understand that the expectation for "trend reversal" is not necessarily to produce a new ATH. The short and medium term expectations are only the mentioned levels and 46 could perfectly become a dead cat bounce. After all we haven't had any relief rally and an extension of the bear trend in the weekly could still remain intact even if reaching those levels and the failing to hold.
INDEX:BTCUSDLong
by TheTradingParrot
BTC weekly and daily outlookStarting with the weekly we can see that the price has managed to pierce the Kumo cloud and is now retesting it with a low volume candle. The fact that we managed to pierce right through a moderately thick kumo on the down side would mean that we can do it on the upside aswell but for the time being this doesn’t seem to come even close to be true. We are at the end of the week and we basically lost our chance to engulf the previous candle. The fact that we are shy on retesting the kumo could also mean further continuation to the downside. The white trend line There are two ways to drawing ascending or descending trendiness. And that is with wicks or without. Either way you trace this ascending trend line , the price action is still below it. This trend line was previously support and will act as a resistance in the future, probably in confluence with the 41.7k resistance level Weekly sentiment is mildly bearish. Daily outlook The daily chart is looking slightly bullish, however the momentum simply isn’t there . On this chart we can also note the resistance levels along the way, the closest one being the descending trend line that is so visible even a non trader would see it. Possible whale play would be to try to push the price above this trend line in a fake out , and taking all the liquidity left at the surrounding levels. This market is tricky ill give you that, BTC is encountering inflation like never before and a lot of fundamental uncertainty.
by SublimeTraders