If Bitcoin manages a daily close above $43K, we will have a massive bullish engulfing setup on the daily timeframe at the 200MAs. This could potentially be a great buying opportunity unless the whales decide to fake us out again. As the markets continue to develop, I want to share with you my latest thoughts and how im personally positioning my portfolio. This is...
We might have potentially just bottomed on Bitcoin. We have two main indicators confirming this. For one, we have a bullish divergence on the 4H timeframe where price is going down but rsi is moving up. Secondly we just had a false breakdown setup where price closed below support of 43k just to bounce and close above 43K, likely creating a bear trap. I’m...
Bitcoin is currently in perhaps the most critical point it has been during this entire bull run. It has technically printed lower lows and lower highs after getting rejected at the golden pocket. There is a lot going on, both from a technical and fundamental perspective, so I will break things down one at a time. From a technical perspective, we see that Bitcoin...
Pair BNBUSDT Direction Long Entry $302.6991 SL $295.2748 TP1 $305.2976 TP2 $307.5249 TP3 $309.3810 TP4 $311.6083 Signal Rating 2/5: new strategy
Pair ATOMUSDT Direction Long Entry $20.233 SL $19.731 TP1 $20.409 TP2 $20.559 TP3 $20.685 TP4 $20.835 Signal Rating 2/5: new strategy
Pair ADABTC Direction Long Entry 0.00002230 SL 0.00002150 TP1 0.00002258 TP2 0.00002282 TP3 0.00002302 TP4 0.00002326 Signal Rating 3/5
Market Overview Price Action: Bitcoin took a deep dive and right now is consolidating near the lows of $53K. It is critical that this level holds and price bounces up from here, otherwise the door to $50K, $45K, and even $40K is opened up. If price bounces from here, the first major level of resistance is the 200MAs @ $56-56.5K. If price is then able to break...
Market Overview Price Action: Ethereum has taken a major dump, dropping more than 10% from a high of $1870 to a low of $1655. It is now trying to find support in this area as Bitcoin is testing major support. Ethereum and Bitcoin is highly correlated at the moment, so it will likely follow the same moves that Bitcoin makes. Similarly, holding or breaking this...
Pair UNIBTC Direction Long Entry 0.00060537 SL 0.00058850 TP1 0.00061127 TP2 0.00061634 TP3 0.00062055 TP4 0.00062561 Signal Rating 3/5 DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments...
THETAUSDT Long Getting Close to First Major TP Area. Entered long on the blue line, Red line is SL, and the two green lines are the two major Take Profit levels. Have been slowly scaling out though to secure profits.
DOTUSDT consolidating near entry. A strong close above $37.3 will start the pump. DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely...
Market Overview Price Action: Bitcoin has been rallying strongly for the past few days, but has been taking a breather after hitting $60.1K. Price dropped to the 61.8 Fib @ $$55.9K, where price found support and bounced up to the 200MAs @ $58K, where the rally got rejected down to the $56Ks and price is now retesting the 200MAs. Similar to Ethereum, the fact...
Market Overview Price Action: After reaching a high of $1870, Ethereum has been trending down, broke down below the 200MAs, which have been serving as resistance, as can be seen from the rejections as price reached the 200MAs. Price is again testing the 200MAs, the fact that price established a higher low before retesting the 200MAs suggests potential bullish...
Pair ADAUSDT Direction Long Entry $1.199190 SL $1.169160 TP1 $1.209701 TP2 $1.218710 TP3 $1.226217 TP4 $1.235226 Signal Rating 3/5
VETUSDT breaking out and looks to continue its rally. Entered long on VETUSDT.
Bitcoin double tapped the trendline and bounced with strong volume and large candle body. The last time this happened, Bitcoin pumped from 47K to 62K. If we assume a similar rise, we can be looking at $69-70K soon.