As shown, Bitcoin after a huge run up to $42,000 has been consolidating inside a massive triangle and can either break hard to the upside or downside. It is much better to wait for a confirmation of a break. Upside target $50-60K short term or if we break to the downside $20-26K is very possible
Silver after breaking out has been consolidating in the $25-26 range. This appears to be healthy and has more legs to the upside. If the major support break around $23 it can fall to $16-20
Descending channel - Possible swing low into the channel with strong overhead resistance. Use proper stop loss & risk management
As a trader, it is important to only attack when you see opportunities. Recently gold has been consolidated giving us our next trade. We must exercise patience before we make our attack. We are waiting for the price to confirm the break above 1850 resistance or below 1825 support. Alerts are on to notify us so we will be ready to make our move immediately....
Looking for a quick short here - Lower Highs - Overbought - Resistance - Tight Stop Loss
As I posted last week Alt Coins have a potential huge bounce coming. Now it's happening. Where to next? If ETH confirms a break from this pendant while also breaking our blue resistance line we will see ETH taking some of the dominance away from BTC with massive increases in price. We will see $5000+ ETH one day. Look for pullbacks for DCA. Alt-Season is...
We have a triangle formation on ETH which was confirmed by the EMA ribbons. We bought the support and were able to secure a $75 move on leverage. As you can see we are in an ascending channel looking to test the upper resistance. If we can confirm the upside we can see ETH around $1500 for a new ATH. If we are rejected we can see ETH test the ascending channel...
As we can see in the chart ETH/BTC Chart ETH is forming a massive bull flag. If we break our resistance (Green Circle) ETH could make massive gains against BTC and take away some of the BTC dominance. If we break down I will look for opportunities near our green box for buying.
As we can see here bitcoin has formed a triangle formation. As we consolidate we see wonderful opportunities in the altcoins making massive returns. Bitcoin will decide the next movement in the market. We search for two trade. One to the upside break of the triangle which could give us a new ATH of Bitcoin. We can also see a breakdown from the triangle giving...
CCIV is the stock to watch! Merger with Lucid Motors which is a luxury electric car maker. Potential for a greater upside long-term even after a large gain in price. This is a high-risk play which in turn gives a high reward. Make your moves accordingly and wait for confirmation to enter! Much more room for upside!
If you are trading Bitcoin or took our Sell Signal we must look at when to start buying back into the market or for Short position targets. CME future gaps are usually filled. The first one which was the most likely to be filled was 29-33K which was already filled (First green box) The second box will likely be filled 26-24K The final a bit less likely but still...
Our last trade was a break even. Now we are looking at a few key areas. We are trading with the ascending channel playing off the support the resistance. If we break 1869 there is limited resistance which could give us a further bullish push and a break to the upside of the channel. Inversely if we break down and break the support we will made a new lower low...
Triangle Formation, Potential MACD Bearish Crossover. Looking for a confirmation breakdown to engage the next set of selling for a lower low. Inversely If we break 1860 bulls can push Gold higher. Wait for confirmation and attack.
As we mentioned weeks before the big break that just occur, the bull flag has broken to the upside. Nice volume and momentum can push to the $2000/+ range
ETH is approaching the ATH resistance level. If we break it we have a blue sky breakout and ETH will gain back some BTC dominance and we will see historic gains. We are not buying these levels as we are near ATH but we will continue to hold our DCA positions at $150, $250, $400 & $550. If you missed BTC - ETH can give you massive profits closing the BTC...
I will continue to hold my large crypto portfolio and DCA within the green box (If we reach this level) For short-term FX Trades, this is a prime setup for a short once we broke down from the 1260 area. We also broke the support trend line. ETH will be $5,000+ in the future be careful trading Crypto unless you know what you are doing. If not continue to hold...
Here we can see ETH broke the EMA ribbon giving us a solid correction. In our last post, we talked about taking a profit of around $1350 ETH. If we close below the EMA ribbon we will continue a bear trend for the coming weeks. This is great news for people with a diversified portfolio and cash on hand to start DCA into the dips. If we start closing above the...
In our first trade, you can clearly see a break to the downside from the triangle formation. Once we had a confirmation candle this was telling us that Bitcoin could drop. The second factor was the extremely overbought RSI and a break below + confirmation closing below the 1hr 50MA. This gave us a fantastic risk to reward trade with a tight stop loss. In the...