Tendorian

Tendorian Updated 

1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term. 2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle. 3. However there is still the final down move to go before the bears go and hibernate. 4. Looking at the potential down move of...

Tendorian Updated 

1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term. 2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle. 3. However there is still the final down move to go before the bears go and hibernate. 4. Looking at the potential down move of...

Tendorian Updated 

1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term. 2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle. 3. However there is still the final down move to go before the bears go and hibernate. 4. Looking at the potential down move of...

Tendorian Updated 

With the market being so bearish, there is really nothing for bulls be hoping for other than failing trend lines and fake triangles. The next support is 7500 and I doubt it will hold since we have bounced from there previously. The next level to watch is 6200 which will be easily reached once 7500 is broken. Ultimately the level I am watching to load up on...

Tendorian Updated 

A 10 R:R trade Entry Short 7840 Target 6200 Stop Loss 8000 Looks easier to reach 8000 isnt it, that was what I thought also, that's why I am doing the opposite. Just do the opposite if you don't agree and you can gloat about it here. No hard feelings.

Tendorian Updated 

We are correcting, and it looks like this upmove still has more legs to go. Eventually we are all in this to make money, so let's just post trades instead of if else analysis. Long Target 8500 Stop 7900 The stop will be moved up as the price goes up, will be updated.

Tendorian

Bitcoin being unable to break back above even 8200 points to more bearish moves. A break of 8000 points to 7500 as the next support. This fall on BTC will cause all alts to feel the pain, there will be people that just wants to get the hell out of this market. Selling alts then selling BTC into USDT or Fiat will cause the downmove to be so much more painful. The...

Tendorian Updated 

Even though I am bearish on Bitcoin, I cannot ignore the potential bull flag that is developing. But price must first drop down to that 8000-8200 area and bottom out. If price crashes through, that would change the bull flag scenario. Nonetheless the 8000-8200 area is very important to watch. I think price has completed or nearly completed a minor correction to...

Tendorian

1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term. 2. Bitcoin -1.75% is still in the bear market cycle, but we are nearing the end of this cycle. 3. However there is still the final down move to go before the bears go and hibernate. 4. Looking at the potential down...

Tendorian

How evil is this market crashing down making people panic and later get pumped again to make people Fomo in. Having seeing such a move, I conclude that it was to shake out both longs and shorts to prepare for the next big move. Let's see some obvious chart writings. 1. Price is under 200EMA on 4H 2. Price is under 200EMA on Daily 3. Price is still rejected at the...

Tendorian Updated 

1. I am not spreading FUD, I am just a technical analyst looking at the chart for potential turning points to make an investment for the long term. 2. Bitcoin is still in the bear market cycle, but we are nearing the end of this cycle. 3. However there is still the final down move to go before the bears go and hibernate. 4. Looking at the potential down move of...

Tendorian Updated 

We can see a triangle forming on the 1H, a triangle is not an ending formation therefore expecting another shot upwards, possibly to the 9300 area.

Tendorian

Bulls 1. It was a good upmove from 8300 bottom 2. We are above the short term trend lines 3. MACD 4H crossing up but needs more upmove 4. Price rebounded from the 38.2 retracement of the upmove Bears 1. The 38.2 retracement is holding as resistance for this upmove 2. Price still under 200 EMA on 4H 3. Price still under 200 EMA on Daily Conclusion, watch for a...

Tendorian Updated 

1. The 8000-8200 support area is very important today. 2. It is the 50% of the upmove. 3. 100% Fib extension of this current downmove. 4. If price can form a bottom at this area, we would be seeing 10,000 in the near future. 5. If price crashes through then very easily we will see under 7,000.

Tendorian Updated 

Does not matter if this is a big bullish move or the beginning of a bearish move, we are going down in the short term. It is hard to see a move like this can sustain itself without a healthy minimal 38.2 correction coming in at around 8437. The longer it does not do a correction, the faster the fall with people FOMO in with leveraged longs wiped out.

Tendorian Updated 

Cardano has finally reached a strong support are and has bounced, this looks like a strong support for a good bottom. But remember we are still in a BTC cycle, so even if you bought Cardano at this low here, it will most likely go sideways for a long time before the big upmove. But nonetheless this is a great place to buy Cardano, as long as they can deliver on...

Tendorian

1. The upmove from the 7240 low was due to G20 news which normally is just a correction. 2. The whole upmove is so sharp with no significant correction which makes me think that it is a short squeeze/bull trap. 3. Price got rejected at the bottom of the broken channel (touch back trade) and also the 38.2 retracement of the whole downmove from 11700. 4. Price is...

Tendorian Updated 

Not to spread FUD or make people close their longs, but we are at a very very critical point, we broke below the 200 EMA on the daily and is testing back to it right now. The Daily MACD is also at an important point, a sustained down move will open up the possibilities of $5000. Only a break above the 200 EMA can change this still bearish trend on the Daily. In...