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BTCUSD Trend Reversal Update. BTCUSD giving us a bit more confirmation of a Trend Change with a Lower High after falling out of 6 Month pink channel. Although not set in stone just yet, we are likely to range sideways until our 60K resistance breaks or 45k support. But 45k support is crucial as you can see in our weekly chart below. 1 Weekly. We are testing 21 weekly EMA for the first time since OCT of 2020. If broken, we might be setting ourselves up for a Lower Low which is the missing link for a downtrend.
COINBASE:BTCUSD
by Detective_Conan
CountOnCrypto - Ethereum Forecast 02/05/2021 Good evening ladies and gentlemen, I have spotted a potential head and shoulders forming on Ethereum. My short-mid term bearish bias is similar to my last idea. I have since taken some more profit from ETH:USD to stablecoin(s) ( USDC ). We have seen some explosive price action in the past weeks from Ethereum , I am with strong belief that the market is very overbought on the higher timeframes now. We have broken out of the regression trend and to me it seems we are consolidating. In my heart I am extremely bullish on bitcoin, ethereum and cryptocurrencies in general. For further outlook on the market in general, the current ethereum inflows are currently dropping. In theory; this in combination with whale capitalization will cause a sell-off. The downside price target would be a projection based on the distance between the shoulder support line and the top of the head. As always, do your own research and follow your own instincts.
BYBIT:ETHUSD.PShort
by CountOnCrypto
5
ADAUSD Showing bad signals.We could be in a downward channel after breaking our green trendline that has been holding support for the past month. A bearish EMA crossover has formed on our 4 hour chart. We are hitting oversold on our RSI and MFI but only on the hourly timeframes. Going to the Daily timeframe, we still have room to go lower. I expect next support to be near 0.5 of our fib retracement; after that, we could have a chance to test support on 81 EMA on our Daily Timeframe.
BINANCE:ADAUSD
by Detective_Conan
SHORT TETHER to zero!? USDT now illegal in the US???? New York.NY Attorney General has deemed Bitfinex and Tether illegal in New York State? And why? ag.ny.gov I'm relatively new to crypto but Tether and stablecoins are a complete scam? It's like a digital counterfeit US Dollar that's beyond the US regulatory reach? Or not? If one carefully reads New York's Attorney General - seems like she's passing the baton to other authorities in the US to deal with the matter on a larger scale with a bigger stick? A national or even international stick? How does one short USDT? Seems like a MUCH better short than the real USD? A fake crypto unbacked USD coin that's not even controlled in the US is a complete and utter joke and yet, its world wide volume beats open source, open code and undelutable Bitcoin BTC? "Houston, we have a problem in cryptospace. expect massive storms ahead and great turbulence..." "yes, I mean, more turbulence!" Tether shows the dangers of closed corporate and unaccountable owned coins. Crypto = don't trust humans or banksters, verify". Tether has zero accountability. You have to be totally clueless to use this coin for legit reasons. Who owns Tether and controls it? If you know the answer to this question, you would not hold USDT or any over unstablecoins. i am truly amazed to see that trillion of dollars is volume is moving around the planet on a worthless Tether crypto backed by a FIAT is already in big trouble.Tether is apparently backed by billions of dollars that have never been audited! Is this a joke on a cosmic scale? This is where the US Central Bank and government need to step in and ban all of the "stablecoins" since these need to be back with real FIAT from the Federal Reserves of each country. The US needs to own all *USD* based stablecoins which means investors and traders, will be fleeing away from these highly toxic "unstablecoin" coingeek.com I am not actually short Tether because I don't short scams. Too unstable. As this long term chart demonstrates Tether has a nice short squeeze. There's safe ways to cleanly make money. If the US can't figure out how to deal with a few digital counterfeiters of the USD, investors can only speak with their dollars. On the plus side, two things will happen with the looming and unavoidable Tether USDT crash: 1. The US will have someone to blame. Specifically, the two characters behind Tether. I hope they have a good army because I would not go up against the US Government even with billions of US funds. There's no place to hide in the world. Ask Julian or Edward! LOL Best to always stay on the government's good side because it might take them years but they can't allow this "st 2. All the "unstablecoins" like Tether and other non-sense "BS pegged" currencies are toxic. Stablecoins should only be issued by the various central banks. So the USD stablecoin needs to be the Fed's CBDC 3. Bagholders of toxic BS stablecoins like Tether USDT will move their money to Bitcoin and Ethereum as the King and Queen of open, unmanipulated, crypto with BTC having the lead because of Lightning L2 and its finite supply of satoshi. Looking forward to truly sovereign government backed, stablecoins from each country. Not sure which one I would trust just yet but it would become clear which countries have their house in order and which are a total farce.
KRAKEN:USDTUSDShort
by UnknownUnicorn2413721
ADAUSD testing support. Could this be our trend reversal?We may be making support @.618 of our fib retracement. But ultimately we have to see how the market reacts to 21 EMA. If 21 EMA becomes strong resistance until we eventually get a bearish crossover with our 21 EMA and 81 EMA, this would be signal for a trend reversal. As of right now we are testing lower support, and possibly lower highs. Another scenario is we range sideways between 0.786 and 0.618 fib retracement before we figure out what the next move will be. And our bullish scenario would be we make support here at 0.618 and make it above 0.786.
BINANCE:ADAUSD
by Detective_Conan
ADAUSD wedge breakout to the upside. Short term.Sorry if I'm not fast enough with updates. My days are usually hectic due to family and work. On the bright side, we have made it past our resistance area of 0.33$ - 0.36$. Given just a couple days ago we had a stark retrace to .382 of our fib retracement @0.24$. ADAUSD later formed a wedge that we have broken to the upside. Now we have to see if we can make it to 0.40$ before another retrace. I have highlighted new support area if we were to have a healthy correction. We should get a pullback to our 21 EMA at least, but it all depends on how high we can go before we do. It is also worth mentioning that as overbought as we are on the RSI and MFI on all timeframes. Sometimes crypto markets ignores RSI and MFI completely.
BINANCE:ADAUSD
by Detective_Conan
ADAUSD move to 0.33$ to test resistance short term Update.Made a bounce off 0.24$ support/resistance zone @.236 of our fib retrace. We made it above our 21 EMA and .618 fib. If we hold support here and break out of immediate resistance trendline, high chance of testing .786 resistance zone. Decent entry for a trade @0.30 if we can manage to break out of 0.33$ resistance area. Also a high chance of getting spiked out with a tight stop loss. A safer stop loss would widen our risk. So I am in no rush to re-enter just yet.
BINANCE:ADAUSD
by Detective_Conan
7
A big request - FIXED profit and transfer in USDT/USD/USDC Hello dear friends. At this time, there is no particularity in the market, and I have not seen this for a long time. Please read this to the very end of this trading idea. I care how you trade and I don't want for you, to lose your money now. Therefore, those who follow my trading ideas, do as I ask you. Why am I asking you to take profits and wait out any price movement in fiat currency. Because: Bitcoin price margin values ​​are now over 3000 pips (this is a new record for such price spikes). One wrong entry into a position will result in a series of losing trades. Secondly : There is no specifics on the levels - each of them is broken, they trade under it, and vice versa - the price is returned by stop losses. Thirdly: We have a falling wedge that expands the boundaries - and in which direction (for a price reversal, for a price fall) I cannot indicate. In the fourth column: At 30m, 1h, 2h, an inverted head and shoulders are formed, but the volume for selling (orders) is too large at marks such as (33500-34000-34500-35000) The same number - buy orders from $ 30,000 per bitcoin. It follows from this that the price will be squeezed between levels. 5th cluster analysis - a large accumulation of forces in a given price range - and in which direction the impulse movement will be - I cannot write to you. On many indicators, such as: RSI, MACD, BOLLINGER and WR - each timeframe - works in contradiction with the older timeframes. The more TF, the unassigned pointer it has. For example, for some - there should already be a price reversal, for the rest, the continuation of the fall. Likewise - the state of correction occurred from the moment of growth by 20%, but according to the analysis of Japanese candlesticks, it is unassigned - this can be indicated to you by the last 7 candles on 1 hour TF. Therefore, if you are in profitable positions, save them and set a stop loss (trigger, market) in order not to exit the position with a loss. For those who follow my recommendations, the time will come when you and I will earn much more than we will trade for good luck Although - I expect the price to fall to the levels that I wrote to you. At the moment I have no positions - and I am waiting for confirmation of entering it.
by UnknownUnicorn13204076
ADAUSD imminent reversal. Short term.We did break out and closed above our blue trendline but with very little volume and follow through; thus forming an M pattern with .618 fib neckline. There might be some support at .786 of our fib but I don't expect it to hold the market very much. I also suspect that the green trendline support won't hold the market for long and will eventually break unless we get a bounce up to 0.36$. A good confirmation for a reversal would be a break below 21 EMA and then coming back up to test it as resistance.
BINANCE:ADAUSDShort
by Detective_Conan
4