Hi everyone,
this is my idea on STX. With Bitcoin Taproot upgrade succesfully being activated, the narrative and use cases of smart contracts on the Bitcoin blockchain is and IMHO will be strong and consistent throughout the not-so-distant future. Entire cities will use this kind of soulutions, therefore bringing strong demand and adoption.
If STX holds the...
Hi everyone,
Today I present you my view on a developing fractal on the 4h BTC/USDT chart.
This is a classic and recurrent pattern consisting in 5 main components:
1) Mini blow-off top from the local high with volatility compression before the sell-off, (both cases resamble a double top);
2) Sell-off candle with huge wick, representing sell-side...
We are experiencing a nice market wide sell-off fueled by crypto-related and macro-related FUD accompained by monetary policy & political news.
Before entering I want to see a clear volatility compression and signs of accumulation. I am not pulling the trigger instantly, even though we are already at an HTF support and the R/R form here is already...
I think a consolidation in this newly formed range would be healty and could be the last opportunity to accumulate BTC before the take off to the 64k zone.
Major alts are overextend as of right now and we could see a market wide correction.
As such, I am carefully watching for a retest of the support level marked on the chart (where the drawn path ends) and...
BTC managed to reach the upper resistance of the HTF accumulation pattern I mentioned in my last update.
Last week, i called that the zone around 42k would have been of great resistance/interest and a move from thereon is pivotal for the medium term price action of BTC.
I'm looking to either long or short on the retest/confirmation candles or wicks and catch the...
I present to you my mid-term view on how BTC/USDT price action will develop in the coming weeks.
Bitcoin is still range bound and has already tested, with good volume, three times the HTF support.
Before entering in a long position I want to see a retest on the 30077.97 level. If this plays out, I think we are headed to the range high with a strong bounce that...
I am presenting my view on an high-profitable, low risk, spot trade on the BNB/USDT pair. I think that in short term it will continue to retrace and go lower to the 380-ish zone, if so, I see a good opportunity to place a bid with a tight stop loss. I will share my targets just for the record:
Entry: 380
StopLoss: 355
TakeProfit: 630
R/R Ratio: 10
Now, I am not...
