HenrikDaCrypto

HenrikDaCrypto

The movement of Bitcoin in the last days is very bullish. After we broke the important resistance at 42k we straight pumped up to over 44k. Bitcoin needs a retest to avoid a crash. The retest of 42k is necessary maybe even 40k. We were rejected by 42k several times and haven’t retested it yet so we might drop below it because there’s not that much support volume...

HenrikDaCrypto

Since the high at 75$ in February 2021, Plug has been in a Downtrend. The Price has been moving inside a Falling Wedge, which is usually a bullish Pattern. The Quarter Results that got published two weeks ago, showed that Plug Power increased their loss, after the Announcement the Price, in the following days, went down by almost 30%. The Wedge has a higher...

HenrikDaCrypto

XPeng is one of the biggest Electric Car Brands in China. The Chinese Government announced that it wants to support Clean Energy and Electric Cars. Also Volkswagen published a Cooperation with XPeng to produce Cars together. This is a Sign, that the European Car Producers know that China is ahead of them. XPeng has low Production Costs and a Quality that is...

HenrikDaCrypto

Upstart is a Loan Provider that uses AI to automate the Process of giving out Loans, this reduces the costs drastically, so they are much cheaper and a lot more profitable . The Stock went from 400 Dollars to only 10 Dollars, but the AI-Hype pushed the Stock back up to 70 Dollars. Upstart has risen 600% in the last 3 months! The Stock formed a rising...

HenrikDaCrypto

Grab is the leading superapp in Southeast Asia , providing everyday services such as mobility, deliveries and digital financial services to millions of Southeast Asians. After a long-lasting Downtrend, Grab found a Bottom and formed a Continuation Pattern . If this Pattern breaks to the Upside, mixed with good Fundamentals, the stock could go back in a Range...

HenrikDaCrypto

Since January of this year, Bitcoin is inside a Rising Wedge . It’s a very big Pattern with a very high Target. The Direction of the Breakout will be known latest in September . The Bullish Target is approximately 60k and the Bearish Target is 15k. Especially because of the high Interest Rate that could go even higher , a Breakdown is more probable ,...

HenrikDaCrypto

Hello guys, Yesterday FTX filed bankruptcy and destabilized the crypto market, BTC fell rapidly after the announcement was made. Right now we can see that BTC is making a direction decision right now. A wedge formed that will influence the future trend for the next days. A breakdown would bring BTC to around 14200 dollars and a break to the upside to around...

HenrikDaCrypto

Hello guys, Like I said in my last post on August 12 BTC could and porbably will retest 17k, we did and even more than that... BTC has a 24h low of 15.5K which is showing us a new direction after a long consolidation phase. We got extreme high selling volume which confirms the start of a new bearish trend. Just now the US market pumped and BTC also had a good...

HenrikDaCrypto

BTC is in a historic moment of decision! If we close the next weekly candle below the 11 year support and resistance(red line) we will see a breakdown out of our very important parabolic curve! We could see a retest of the 17k level and from a double bottom or break it and continue the bear market. I think that a breakdown is slightly more likely, but would have...

HenrikDaCrypto

BTC is right now in a decision phase! BTC is fighting with a big resistance level at around 24150 dollars and the 24 level. We are also forming a parabolic curve on the daily timeframe(which I will show in the next upload) that could decide the further price movement for BTC in the next MONTHS! If we dont break this 11 year support and resitance to the upside till...

HenrikDaCrypto Updated 

BTC formed a double top and got rejected from the 24k level! we also formed a rising wedge, which we just broke down from! Also the traditional markets are under high pressure because of the Taiwan conflict. After a 4h confirmation you can open your short with a take profit @ around 19400 dollars. We could also see a bounce of the 20k mark or a retest of the...

HenrikDaCrypto

BTC broke long term resistance! After many times of retesting we finally broke above it! You can use a retest of the line as a trade entry! BTC now has room up to the 24-28k box! BUT BE CAREFUL! Wait for a 4h candle close above 24k after a confirmation of the line, we could also form a double top! Bitcoin can start a longterm uptrend now! I wish you luck!

HenrikDaCrypto

GOLD is right now trading in a support and resistance range between 1700 and 1740 dollars. A break above 1750 dollars would be a clear signal for opening a GOLD Long trade. The TP could be set at 1790 dollars. The War in Ukraine is going on and GOLD will stay an asset for crisis times like this, but the fed is raising the interest rates with fast steps so we...

HenrikDaCrypto

MATIC is my longterm favorite Cryptocurrency, its a strong ETH scaling solution and it recently released the zkEVM rollups for devs, which is very good for Matic! Matic ATH is @2.80$ so we got much room to the upside from here! The bottom was at 0.28$ so that would be an exactly from the bottom! Matic is in a strong uptrend and is right now breaking above a...

HenrikDaCrypto

I were 2 weeks on Ibiza and so much stuff happened! BTC broke out of a massive triangel and got a pump all the way up to abt 24250 dollars! The bulls are currently fighting for the very crucial 23k level (blue horizontal line), this resistance will decide the BTC price action in the next week. We yesterday got a confirmed breakdown of our rising wedge (yellow...

HenrikDaCrypto

BTC had a confirmed breakout out of this falling wedge and reached the target. The RSI is way to high and the momentum with that Bitcoin is gaining is way to fast. I think this is a planned trap to liquidate people who will open up a long position out of FOMO. We are also running into some resistance, so a cooldown to 20k is very likely. have a good evening!

HenrikDaCrypto

Quick Update for my GOLD trade. I made post about a short GOLD trade at 1805 dollars and we went all the way down to 1730 dollars! The target is at around 1700 to 1715 dollars but we might get a little consolidation phase right now. The strong US Dollar is causing GOLD to be very weak and also the fear in the markets is a high pressure for GOLD. But GOLD is right...

HenrikDaCrypto

EUR/USD pair soon might reach parity! The inflation is in the US higher than in Europe but the USD is still stronger then the EUR. Since last year, there is a massive downtrend in this pair, its down 15%! The EURO is a important currency for trading with countrys like Germany or France in Europe and prices would be a lot higher for products from the US. The EZB...