CryptoNicho

CryptoNicho

Massive day for BTC with the crucial employment data dropping after the 50bps rate cut made the market suspicious that the US economy was secretly screwed. Let's find out if it is! Unemployment Rate 13:30 (GMT) Pretty straightforward, the lower the better. Forecast = 4.2% (priced in) <4.2% Bullish >4.2% Bearish Non Farms Payroll 13:30(GMT) More jobs created, so...

CryptoNicho

Strategy: Long • Exchange: BINANCE • Account: Spot • Entry mode: Market order in range • Invest: 5% •Exit: • ⎿ Target 2 : 3.869 27.86% • ⎿ Target 1 : 3.166 4.63% •Entry: 3.026 ⌁ 3.026 • ⎿ Current market price: 3.026 •Stop: 2.497 (-17.48%) •Technical indicators: Big change of character occured by breaking the 2.829 resistance. Massive volume spike. • ⎿ 24h...

CryptoNicho

• Strategy: Long • Exchange: BINANCE • Account: Spot • Entry mode: Market order in range • Invest: 5% • Exit: • ⎿ Target 2 : 0.00002144 25.6% • ⎿ Target 1 : 0.00001822 6.74% • Entry: 0.00001707 ⌁ 0.00001707 • ⎿ Current market price: 0.00001707 • Stop: 0.00001485 (-13.01%) • Technical indicators: Long term resistance at 1609 broken confirming a change of...

CryptoNicho

• Strategy: Long • Exchange: BINANCE • Account: Spot • Entry mode: Market order in range • Invest: 5% • Exit: • ⎿ Target 2 : 7.39 31.56% • ⎿ Target 1 : 6.29 11.98% • Entry: 5.617 ⌁ 5.617 • ⎿ Current market price: 5.617 • Stop: 4.935 (-12.14%) • Technical indicators: Break of key resistance at 5.05. • ⎿ 24h Volume: 81550776.7585 • ⎿ Satoshis: 5.617 • ⎿ ...

CryptoNicho

• Strategy: Long • Exchange: BINANCE • Account: Spot • Entry mode: Market order in range • Invest: 5% • Exit: • ⎿ Target 2 : 0.08835 29.55% • ⎿ Target 1 : 0.07148 4.81% • Entry: 0.06820 ⌁ 0.06820 • ⎿ Current market price: 0.0682 • Stop: 0.05758 (-15.57%) Technical indicators: Systematic volume pumps, support bounce from 6564. Trailing stop to BE if TP1...

CryptoNicho

Strategy: Long Exchange: BINANCE • Account: Spot • Entry mode: Market order in range • Invest: 5% • Exit: • ⎿ Target 2 : 0.9196 38.58% • ⎿ Target 1 : 0.7013 5.68% • Entry: 0.6636 ⌁ 0.6636 • ⎿ Current market price: 0.6636 • Stop: 0.6048 (-8.86%) • Technical indicators: Crazy volume pump following Buterin endorsement. • ⎿ 24h Volume: 30931790.8376 • ⎿ ...

CryptoNicho

Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: 5% •Exit: • ⎿ Target 2 : 0.3354 23.31% • ⎿ Target 1 : 0.2903 6.73% •Entry: 0.2720 ⌁ 0.2720 • ⎿ Current market price: 0.2713 •Stop: 0.2445 (-10.11%) Technical indicators: Dramatic volume spike breaking long term resistance (and hopefully flipping to support) at 2659. • ...

CryptoNicho

#STMXUSDT • 🐮 Strategy: Long • 👉 Exchange: BINANCE • 👉 Account: Spot • 👉 Entry mode: Market order in range • 👉 Invest: 5% • 🎯 Exit: • ⎿ Target 2 : 0.009278 32.45% • ⎿ Target 1 : 0.007375 5.28% • 💰 Entry: 0.007006 ⌁ 0.007006 • ⎿ Current market price: 0.007006 • 🚫 Stop: 0.006158 (-12.09%) • 📊 Technical indicators: • ⎿ 24h Volume: 7140280.004566 • ⎿ ...

CryptoNicho

Technicals Chart looking alot healthier with that big red band of resistance between $56k and $57.5k now a green band of support (right chart). We could rely on it later when the PPI drops (more below) but given that we just had an inflation print of 2.5% and an upcoming rate cut (Sept 18th) I think mid term we will be looking to reclaim $60k. The moving...

CryptoNicho

Headline & Core Inflation 13:30 (GMT) see's the release of the atest round of inflation data. The results here are pretty black and white high inflation (over 2.6% YOY for Inflation, over 3.2% for Core Inflation) is bad. End of. We need inflation t come down so we can cut the rates. Heres where any predictions get a bit tricky though. Very good inflation data...

CryptoNicho

Macro The low PMI data confirmed that the economy is likely to shrink in September (which is already a historically red month) causing a big sell off ahead of I guess the expectation that the rest of the data dropped this week will be bearish. About $1tn was wiped off trad. markets and I think the fall in crypto was just collateral damage. Later today (3pm GMT)...

CryptoNicho

Strategy: Short Exchange: BINANCE Account: Futures Entry mode: Market order in range Invest: 2.5% Leverage: 2x CROSS Stop: 0.000796 (-18.68%) Entry: 0.000728 ⌁ 0.000728 • ⎿ Current market price: 0.000728 • ⎿ Target 1 : 0.000691 10.16% • ⎿ Target 2 : 0.000585 39.28% Technical indicators: • ⎿ 24h Volume: 5538308.236273 • ⎿ Satoshis: 0.000728 • ⎿ ...

CryptoNicho

Macro 3pm (GMT) see's the release of the PMI manufacturing data. This is basically telling us if the economy is expanding or contracting as PMI measures the planned spending of Purchasing Managers at big firms in the UK. If they are looking to spend big in the month ahead we get a reading over 50 and the economy is said to be expanding. If they are cutting...

CryptoNicho

Technicals From a pure chart pattern perspective Bitcoin is looking very bullish for the mid term. The retrace from March's ATH created a series of lower highs and lower lows which when connected make this descending broadening wedge set up. This is a Bullish pattern. The meta is that you trade the range (long from the lower trendline, short from the top)...

CryptoNicho

Technicals The story of the week ahead will be the incoming death cross on the moving averages. The faster moving averages (the 20 day and 50 day) crossing below the 200 day average is a strong bearish indicator - confirming a downtrend on the daily chart. Having been rejected 3 times from the resistance generated by the bull market support band price hasn't...

CryptoNicho

Technicals From a technical standpoint the Bull Market Support Band (20-week Simple Moving Average (SMA) and a 21-week Exponential Moving Average (EMA)) is overhead resistance that needs to be cleared if we are to re-enter an uptrend. Not alot in the technicals to suggest that we can break above so the next move is pretty much entirely down to the CPI data...

CryptoNicho

Technicals Mt.Gox moves triggered a mini dump, well more than anything the Mt.Gox funds moved yesterday triggered liquidations which triggered a mini dump. $291m in 12 hours liquidated, spare a thought for the poor guy who lost $11.78m in a single liquidation on Binance. We said yesterday that we'd go short if the Mt.Gox movements broke us below $65.6k. Those...

CryptoNicho

Technicals Key levels from the fib are pretty clear on the daily chart and with the Mt.Gox repayments coming soon its probably wise to get an idea of the fib levels incase they trigger a dump. Overhead resistance is at $66k (fib 0.618) and local support is at $63.6k (fib 0.5). Below that we have further support at $61.2k (fib 0.382). These levels coincide with...