Bitcoin is nearing the apex point of this consolidation period. Expecting the price to breakout downwards to purge the liquidity at 8k. Bitcoin's dominance also looks pretty bad, so a mini altseason this summer is expected.
XTZ had a nasty reaction on a key trend line. It is possible that the high take out was just a deviation to collect liquidity. Expecting a move to the lower trend line when price breaks and closes below this low. But a very bullish hammer also formed on the Daily on key support. A break and close above this zone would confirm my long.
The daily of Ethereum looks rather good. Bitcoin looks like it can collapse soon, the odds that Ethereum will go down with btc is high, historically speaking. I have stink bids on Ethereum. I am expecting that this last low will be taken out to collect liquidity. Expecting Ethereum to be 500 dollars at the end of this year.
Looks like XTZ wants to break out of this resistance line, A nice full bullish candle close did happen earlier. A move up is expected
ATOM formed a nice looking hammer which signals buyers. I am targeting 2.815 before another move down.
I am still expecting that the liquidity will be taken out at 8k. A swing low was created there earlier and a swing low point + round number equals liquidity.
Expecting a drop to 8600, looks like this last high was a liquidity hunt to provide big players to fill their positions. High liquidity pool was formed above that high.
Ethereum is not looking to good. Key support is broken and it flipped as resistance. Expecting a breakdown once the price breaks this last candles low.
A nice candle close ABOVE 235.78 would confirm my long and a move to 1.618 level is expected. Am heavily bullish on Ethereum in the long term, We can expect 300 dollars in the near future.
Ethereum formed a great looking hammer on the daily at support. I am long, targeting 300. Consider that a lot of people are looking at this hammer candle so a lot of liquidity will be below this candle. The low CAN be taken out to hunt liquidity. That is why my stop is a bit wide.
A Pin bar/hammer at support after a 3th touch of resistance USUALLY plays out to be a breakout. A long right here will bring a great 1.88R.
Bitcoin made another liquidity hunt at the last swing low, filling positions of big players. Expecting this swing high to be taken out soon. Very bullish on bitcoin for this summer
Ethereum had a pretty strong reaction on an orderblock (key support). Expecting a bounce to the lat swing high. I am also spot long, expecting Ethereum to be $400+ at the end of this year.
Looks like this drop was only a liquidity hunt. A swing was created low forming lots of liquidity at 9200. This liquidity pool is now purged and the price is currently consolidating at resistance, meaning that the sellers are being absorbed. Expecting a move up if 9555 breaks with a nice close.
XRP is spending its 7th candle at the weekly 20ma. This means consolidating at a resistance level. Expecting a move to 1.618 when the price closes above 0.21354
A nice close above 9581 would mean a lot of upside (move to 11k). This drop would then be a liquidity hunt; big players loading up their positions. And a breakout upwards would be likely
Shorting a bearish retest of this last low before the breakdown. A hammer of bearish engulfing would be my entry for the sort. Will update MyCryptoRadar with the signals.
Will short this retest of the last low before the breakdown. Pretty aggressive move downwards, will enter the short on a bearish hammer or a bearish engulfing. I will update MyCryptoRadar with the signal.