Yung_Crypt0

Yung_Crypt0

I'd be careful buying this move fam. Volume doesn't look too good, and we didn't even take out the last high of $8134 from our last rally. If this was for real I think we'd see BTC closing candles upwards of $8000 not closing below $7950... IMO the next time we fall we are gonna take out that trend line and head towards $7200 or lower. Here I see a possible...

Yung_Crypt0

As we come up to an important trend line take a look at the momentum indicators. All of them are headed down. And then looking at the Guppy EMAs they are all bearish as well. Plus we've already tapped into the 7600 once, twice, and now this will be the third tap into this price demand since the larger drop in price since back on the 3rd... Take into account that...

Yung_Crypt0 Updated 

There's a lot going on in this chart, but we have a few things we have to consider when analyzing COINBASE:BTCUSD today. So far it has been able to hold support at $7626 for the last few days now, but has failed to push through the supply (indicated by the red rectangle), and the more we tap into this support the more likely it is that we will break through it....

Yung_Crypt0

NYSE:PG making new all time highs, and is looking for more! The RSI is very bullish, and looks to be moving back up as well indicating more upside momentum! With new highs comes uncharted waters, so I'm going to turn to the 2.168 fib extension for a target range. Hopping into the daily, it has been trading in an ascending wedge bounced right off that trend...

Yung_Crypt0

Keep an eye on it. If you want to be conservative wait for a break above 106

Yung_Crypt0

ETH has been in a trading range for the last few days, and was able to find support on the bottom of the range, and the pivot point as well. If we close on the daily below the pivot point we know that momentum is going downward. Here are some support levels to look at with ETH Now I'm not getting in this. I'm 100% cash and just sitting back and watching....

Yung_Crypt0

It's had a pretty amazing run Y2D and in doing so hasn't had time to build solid structure for support on the longer time frames. Obviously the block reward halving is August 6 so I don't think the whales will let it drop too low before then, but I'll probably be aiming to pick some up in the 90-80 range and hold onto them until then.

Yung_Crypt0

We've been overextended for some time now, so its time to sit back and let the market do its thing. I mapped out some support levels that we can look for a possible bounce/reversal at, but until we see clear signs that the bulls are back in control I'm gonna be patient and wait. If we break 7262 then I can see us dropping pretty fast to the .5 fib

Yung_Crypt0 Updated 

Well this weekend was a lot less volatile than I thought, but we are accumulating nicely above support right now. If we can hold this for another day or so I think we are going to be headed to 9k easy. And if we can break 9k there is litte resistance to 10k

Yung_Crypt0

It's no coincidence that COINBASE:BTCUSD is struggling to break into the 9k range. As you can see the crypto market as a whole is being held down by this trend line, but if we can grind our way through this I think we'll see 280 billion easy

Yung_Crypt0 Updated 

When you see candles grinding up against a trend line like we are seeing now, there is a good chance that it's about to break through. We also know that COINBASE:BTCUSD has been in a consolidation pattern for a few days now, plus the fact that we are above the pivot point indicates that momentum is still to the upside. Also every dip his been bought up almost...

Yung_Crypt0

As of right now COINBASE:BTCUSD is printing a broadening wedge; that push down we just had was a liquidity hunt which got ate up in a matter of minutes. These triangles and wedges all mean the same thing, consolidation. So don't get hung up on whats what, but more so the concept that the market is absorbing a recent move and is about to continue on that...

Yung_Crypt0 Updated 

So we had a a pretty rough day yesterday, but this is what you signed up for trading this market. The movers stomped out some stops yesterday and while everyone was buys freaking out over a few % points the whales were busy collecting all their coins. You have to be ready for volatility like we saw yesterday, because your trading in a unregulated market, with...

Yung_Crypt0

If the bull flag plays out, ETH should be making a pretty big move soon. You have the BB contracting, and a triangle pattern more than 2/3rds finished. By definition, you usually set your target the length of the pole, so we'd be looking at an ~50% gain if this plays out! Now that's only if the continuation pattern continues with the current trend, keep in mind...

Yung_Crypt0

We've been eating away at the supply at the 8300 to 7700 levels since last Monday, but the pattern that's printing tells us that the bears are becoming exhausted. I'd like to see this current 4hr candle close green, which would confirm the hammer candle, but we are currently finding resistance at the black trend line.

Yung_Crypt0

You heard it hear first

Yung_Crypt0

Well as you can see, BINANCE:BTCUSDT is getting pushed down by a huge amount of selling. It has been overbought on the RSI for awhile now, and the NVT - one of the most accurate indicators when applied to BTC - has reached extremely high levels as well. The demand at 7000 is holding us up right now, but if this pressure keeps up we are definitely going to be...

Yung_Crypt0 Updated 

Wow, it's been a wild week. $XLM has had some huge gains these last few days, and I think it's time to take a breather before we make our way through the rest of the could. I'd be nice to see some kind of regression before we make our next move up, but you never know what could happen and if the recent past is any indicator of what's going to happen then we could...