Wunderbit

Wunderbit Nov 2, 2020

ETH/USD just formed a nice short opportunity. The 4H bar closed below the upper side of the trading base ($334-$395), breaking October's POC. If the price will be able to stay below the level of $395, then we would probably see the downward movement toward the bottom of the trading base. At the bottom of the trading base, we can see a nice accumulation towards...

Wunderbit Oct 7, 2020

Looking at the BITSTAMP:BTCUSD pair it looks like the price will continue to fall after some consolidation in the triangle. The most probable scenario (presented): The price of Bitcoin will continue its consolidation in the descending triangle. Base on the technical analysis, in most cases this is a continuation pattern and the price should break the bottom of...

Wunderbit Sep 24, 2020

Gold is looking bad if you selected this asset as a short term investment plan. Based on the technical analysis the asset passed the crucial mark of $1900 with good volume and very aggressive selling. On the hourly timeframe the RSI indicator started to show some divergence. As a result, we expect the asset to retrace back. The maximum retracement that we expect...

Wunderbit Sep 22, 2020

The pair BINANCE:ETHBTC is located at the bottom of the horizontal channel, in which the asset was consolidating since 3rd of august 2020, and now it is a wonderful opportunity to go long. Trading plan: To trade this asset the entry point should be around: 0.03258578. We believe that after the initial small gain the asset will reach the resistance trend line...

Wunderbit Sep 21, 2020

ETH is preparing for the move! At the current state of the asset, the price does not show any strength or weaknesses of either Bulls or Bears. The decreasing volume is suggesting that the asset is going through the accumulation phase. At the same time, the price is bouncing around the POC of the current month. Trading Plan COINBASE:ETHUSD : There are two...

Wunderbit Sep 18, 2020

As we wrote in the previous posts, BITFINEX:BTCUSD price is targeting the final upward rise towards the golden pocket in the area of $11,241. Based on the volume and the level of RSI, if the price will able to reach this level then it will create a divergence on both of these indicators. We are starting to monitor the short position as this looks like an...

Wunderbit Sep 17, 2020

The latest upward move of BINANCE:BTCUSDT is not that strong as it may seem. Even though the volume was picking up during the breakout from the area of $10,600, the later movement was accompanied by the decreasing volume. The price is currently entering the resistance area. And comparing the previous downward movement (from 12,000$ to 9,800$) with the current...

Wunderbit Updated  Sep 17, 2020

BINANCE:SUSHIUSDT is forming a nice global descending triangle. Usually, this is a continuation pattern and in the case of SUSHI/USDT, the price should break the bottom of the triangle. There is number of reasons for that: 1) The Sell Zone on the top $2.39-2.51$ which is combined with the downward resistance line 2) Multiple checks of the bottom of the triangle...

Wunderbit Updated  Sep 16, 2020

The bitcoin price BITSTAMP:BTCUSD broke above the horizontal channel. However, the volume does not support this breakout. The price is aiming to retest the level of $11,100 as a new resistance level. Trading plan: If the price will continue to increase while the volume is decreasing this will confirm the false breakout and the fact that the price is driven...

Wunderbit Sep 16, 2020

Based on the 4H timeframe, COINBASE:ETHUSD is forming a nice and solid long setup. The macro picture Starting from March 2020, ETH is in the upward trend. In the past, this trend acted as solid support and so far it remains as a good support level. However, from the price level of $489.38 the asset experienced the downward impulse wave that was accompanied...

Wunderbit Sep 15, 2020

Looking at the number of factors BINANCE:NEOUSDT is preparing for the trend reversal and potential downward move. There is a number of reasons for this. 1) Price/Volume and Price/RSI divergence. 2) This divergence occurring next to the important resistance zone of $22.90 3) In the lower timeframe (2H) there is a "Sell Zone" between $22.5 - $22.9 Trading...

Wunderbit Sep 11, 2020

Like most of the crypto assets, BINANCE:EOSUSDT is currently trading in the horizontal channel. This channel is supported by the decreasing volume and the buy zone between $2.65-$2.8. The overall high of the channel is around 8% and there are 2 main ways how to trade in the horizontal channel. 1) Trade from one end to the other. Taking into consideration that...

Wunderbit Sep 10, 2020

After the rapid fall at the beginning of September, it looks like Bitcoin was able to establish another horizontal channel between the $9,825 and $10,600. The price can easily stay on this channel for a long time and it is a good opportunity if like to trade the horizontal zone. The overall high of the channel is 7.41%. If you are risk-averse trader, make sure...

Wunderbit Mar 15, 2020

After a dramatic panic crash, BTC/USDT (Binance) is now in consolidation. Expecting an upward move till midnight. Elliot waves worked great on 1H crash. General consolidation could last for a few month. Considering a global economic crisis being forecasted (due to Corona Virus (Covid-19) from major analysts, coming this July, we may go even to $3k. Hodlers are...