From the weekly we cam still tell from the overall trend we are bearish. we need to break out of the long term resistance to turn full bull.
After another month of dumping we have seemed to have found a temporary botom around 275. 300 has a lot of historical volume so we wont place long bets below or shorts above this level.
Going into the daily we have see...
Alright It finally looks like we are out of the woods in BTC for the time being!
we smashed through 7700 which is now going to be the new support I am aiming to pick up longs in BTC. Starting at 7700 down to 7500.
I do not think we have enough fuel to break the 200 day MA yet, as it comes into play after we break the 8250 resistance we are currently getting...
Big fan of the project. Browser is gaining millions of users and rolling out features left and right.
We are currently in a retracement after a pretty strong move the broke up out of the previous downtrend. Looking to accumulate a position from 4.1-3.7k as it tests is 100d moving average.
TP: 4400-4600
SL: 3400
An interesting weekend for bitcoin so lets dive in.
Still in bear season as btc has not broken its clear downtrend. under almost all MA across time frames and heavy trend line standing in its way. This weekend we saw an attempted sell off which was quickly countered after breaching the 100B ($5800) market cap thresh hold and brought us above 6k again.
We have...
Ripple has not had any clear catalyst in the recent future and I think the pair will continue to trade between the 8000 - 9000 sat range. the pair is not around any significant moving average, MACD is neutral and stoch is signaling a turnaround.
Possible events that will break this model is a significant event affecting ripple.
Bitcoin makes a run and alts bleed...
Basic Attention Token Has broken out of its previous downtrend, and above its 100 day MA on the 4hr Time frame. We went long here at 3725 with a SL at 3575. Our target will depend on price action around 4000 sat. with our longest short term goal being 4200
Note: 1hr chart showed the breakout above its MA but was facing potential resistance at 3600 Satoshi.
Still on the sidelines for the most part on BTC and awaiting what will happen in the next few days. Current positions opened at 6700 and 6500 will stay open as downside is limited for now.
Scenario 1: Downtrend Holds and we go on to see lower lows and break through long term support and sub 6K
Scenario 2: Downtrend holds and short intrest piles up to break...
-First Live signal from Swing BTC algo.
-Initial buy at 8,400
-Daily Bar must Close above 8,000 ( or stopped out)
-Confirmation of trend reversal is 9,000 dictated by vStop indicator
-After reaching 9400 move stop loss to 9,000
-Take Profit Target 1 - 9,800
-Take Profit 2 - Running if 10k heavy breach
After a nice run up to 5700 we have seen a healthy correction with a bit of hesitation at the 23% fib level and anticipated tension at the 38% level.
As BTC gets heavy resistance at its 200 MA and 10k physiological point gives alts a few days to move before that resistance becomes the new support and heads to a full on bull run.
Allowing for a bit of a wider...
