FTM is looking real juicy here! The USDT pair shows promis with the forming of a ascending triangle, but has to overcome the 57cent resistance My guess, we will see some real fire! My entry was at 1700 sat. Will take profit at 2650, just below the resistance.
In a prior post I pointed out a possible head and shoulders pattern. In my opinion that's still on the table. Got my bids filled at 40K, and got sell orders at 48K. Don't see it going much higher at this moment, and we'll see how many times 40K holds..
*Places sell order @55K* A strong move upwards, and I see it going up to 55/56K, but after that I expect a spike, back to support. In my prior post I stated a head and shoulders pattern could be in play. Still my main bias.
Head and shoulders incoming? Not sure if we'll retest the resistance or the support first, but in my opinion it's quite likely we will be testing 43-40K, multiple times. If it breaks, 30K incoming.
What will we see next? A breakdown, of continuation of the pattern? 40/70K. I expect one lower low, brief breakout on the downside, before seeing new highs. Not opening any new positions, especially with alts.
Gotta love it! Everybody screamin short, and up it goes. Waiting for a clear retest of the trendline, before adding BTC. Next stop 58/59K, followed by testing our former highs.
Textbook retest of a breakout out of the ascending triangle. 3700-3800 is my first target, but wouldn't be suprised if we retest the ATH. But, my main concern is BTC.. Breakdown, and I expect alts to follow, but if BTC reclaims 50/51K, fasten your seatbelt.
Allthough on-chain data gives a way more bullish perspective, the chart looks kinda crappy to me.. We left the bullish trendline a couple of days ago, and with the forming of a descending triangle, I don't like the odds. 43K would be a logical place. But, when everybody screams (up/)down.. Wouldn't be the first time..
Nice breakout + retest. If 0.0097 breaks, we could see a nice rally! Watch out for BTC.. If it dives, it could take BNB with him..
Decisive moment.. If we breakout of the ascending triangle, we could see a nice rally. BTC pair also looks juicy. But.. BTC doens't look that good a.t.m.. We need some nice momentum, or else we all fall down and the set-up is invalidated.
Doesn't look good ST.. Bearish retest of the sym. triangle. 33K incoming..
We're back in the symmetrical triangle after a break(fake)-out. Didn't look very convincing, with a lack of volume. An other possible reason to fuel the selling mentality was a cryptic tweet of mister Elon With Bitcoin and a broken heart. What will we get during the weekend? A breakout of a breakdown? We need a bounce from the 36K area, otherwise we will revisit...
Not convinced in a bullish outcome. I expect a fake-out above 43K, before we revisit 30-33K. Filled my bags at 33K and I have a sell order at 42.6K. If 30K breaks (not a fake-out).. "Welcome at Mc Donalds, how can I help you?". Stay safe and think about an alt strategy.
What a atrocity.. Expected to make some quick money (See F.F.T 17-05), but didn't feel right, hovering above 43K. Sold what I bought at 43K, when the SL at 43K got triggered. Doesn't feel like the bottom to me and I'm taking some more ALT/BCT-profit. We might see a bounce, but I'm not buying back. Stay safe people.
My last prediection, fullfilled itself pretty damn quickly. Bid at 43K got filled, looking to sell at 46.3K. I'm expecting some ranging, before we get a new direction. Rinse and repeat, easy money.
Just get it over with, okay? The FUD train is on the loose. Whether it's Musk, Biden or a random country, I find it hard to believe that it's a coincidence these events occur so close to eachother. Where was all the bad news on our way to the top? In Dutch we have the word 'wappie', for people who believe in conspiracies, so I'll watch my words, but I want to...
A powefull (and bit unexpected) move, through the 51K resistance. Would love to see a bullish retest at that level, before we try to regain 53 and 55k. I think we have a real change for some upwards movement, yet I don't think we will see new highs any time soon. Hope I'm wrong.