3 Black Crows + Fractals On the daily time frame, we notice 3 bearish candle and an uncanny fractal similar to March ugly dump. If this does happen, a good buy zone will in the green area, around 6K.
So many confluences on the Daily: 1) .618 being tested 2) 200 MA + 100 MA 3) The point when S&P took a huge dump ... It is good RR to short this range. Target 2,2XX to form a double bottom or even lower...
I personally do not see BTC going to new highs or even >10K , given the climate that the world is in now. If you realise, BTC is tracking S&P very very closely, when S&P dumps, BTC follows. BTC will always be considered an alternative investment as compared to traditional markets such as stocks etc. Once there is a strong move downwards for stocks causing...
There is still room in the weekly RSI to oversold like in 2008 and 2000, I am personally shorting all bounces with a tight stop. I think the worst is yet to come, once Q1 earnings are released, market will react again. This is not something we wish for, as it will affect everyone livelihood. I opened a short at 2698 and will trial it down, looking to TP at 2400...
We have not seen such volume for months. My take is that all the crypto projects are panic selling their holdings to fund their payroll and operations. Market makers are selling off their holdings to raise capital to fund traditional markets. 5800ish region which present a very very strong support broke like a twig, this means there will be continuous selling...
As per chart, we are in the midst of forming an IHS on weekly chart. In this scenario, BTC will dip slightly further around 7.4 - 7.7 region, touching the 99MA + .618 fib. We can expect a strong bounce off this area, if we do, we are back in business just in time for halving. In terms of Macro trends, BTC does look attractive given that: 1) Fed reduce rates by...
Refer to chart will look to long around (green box) and short at test of trend line
Expect a huge fake out / spike to clear existing longs, before pumping it up again. Stagger bids all over the zone, there is still a 8.5k CME gap unfilled yet. Refer to previous death cross circled in yellow.
Bought a bag.
Details in picture. Short Term TP 1 : 0.0025 Good time to accumulate . . .
As per charts, Tezos looks great, will collect the dip. Will place it under close watch
ETH is now facing huge resistance at .618 fib , expect it to retrace down to 200MA at around 175. If S/R flip, we will see it go higher.
Looking to buy the retrace ~400-410. TP as stated on chart SL : 350
With the upcoming launch of Main Net Beta end of Sept and REN Roadmap, I believe we could be reversing this long and painful distribution/downtrend. medium.com Potential buy area : 478 - 500 SATS TP 1 : 636 Sats TP 2 : 893 Sats Stop Loss :
Invalid if price break and closes above shoulders. Target buy area around 5.5k - 5.8k, which is also fib retracement of 61.8 Patience is key, wait for confirmation before entering your position. You don't have to sell the highest or buy the lowest, ride the trend and keep in mind capital preservation.
Wait for BTC to cool off before entering, overbought on all time frames, once BTC stabilizes = ALT SZN Be ready to be nimble Never short a manipulated market, FOMO > TA
Looking to short at supply zones
Potential IHS forming , wait for breakout on neckline and retest before longing. If rejected, we will be testing double bottom at 80s Region