Again we continue to observe BTCUSD SHORTS mounting and reaching record high. What does this translate to? 1) The market sentiment is bearish 2) Market volatility is expected to be high 3) Place your bids low to catch BTC... if it falls. Mine are set at 27.5k and 25.5k 4) Expect BTC to pump liquidating the shorts, then it may or may not fall. This remains pure...
Fundamentally: There is news about WUSD (WING stable coin) on Ontology to be launched this month. Technically: High buying volume, breakout and support has been retested. Stop loss due to BTC volatility set at 0.000480
ZIL has been in a nonstop uptrend for months. And now is a chance for me to grab it at a discount just above the 0.382 FIB with a target just below the 0.786 FIB. Notice the buy volume has always been much higher than the selling volume across the board.
The title of the article said "Kusama Parachain Auctions", and that was enough for me to jump onboard. I hereby quote from the article: "The first real-world functional parachain Statemine, began processing permissionless transactions after an on-chain upgrade last week. After some smooth running over the weekend, the time is coming to move to the next stage: slot...
1) Bullish flag (no breakout yet) 2) Been consolidating since May 19th dip below the 0.236 FIB R range 3) 50, 100 & 200 EMA on the daily are getting close in preparation for a big move. While this trade may take a while to materialize, and without the breakout it could be an early trade to buy in. But I jumped in for the price is attractive and Fundamentally it...
Clearly the market sentiment is very negative. We are witnessing BTC shorts and Alts Shorts are creeping up so high. This is proven in Alts Market Cap that failed to maintain both levels, the 1D 50EMA and 1D 100EMA. And currently hovering above the 3D 50EMA. And here we are with TRXUSD Shorts nearly at ATH. So yes the market is expecting a dump. BUT, and this is...
Today I noticed the spike in BCHUSD longs that has been maintained at a record ATH for weeks and growing. So I checked their website, their telegram, their twitter, and CMCal but there were absolutely no information whatsoever about any announcement or something being cooked... till a friend of mine, provided me with the link: smartbch.org And to my surprise, a...
BTC had a fake breakout to the upside over the weekend, spike in BTCUSD SHORTS, and now broke down from the same symmetrical triangle on the Daily chart following a fall from an ascending channel on the 4H chart last night. I think it is very much premature to measure the pole for this downfall. So I am only measuring the depth of the triangle that takes us down...
There's a huge spike in BTC/USD Shorts exceeding 200% on the daily and can be seen clearly on the 4H chart. This is a very strong indication of a coming dump in BTC/USD chart that could be triggered in a better of few hours or a matter of three days max. What one could do in such scenario is: 1) Place tight SL for Alts 2) Place bids for BTC
For the first time since May 19th dip followed by the blood bath for Alts, here we are today closing our 1st Alts MC daily candle above the 50D EMA. This is a very good sign for Alts recovery and hopefully for more green Alts days to follow. I remain optimistic and bullish for now.
I see KCS breaking out from a falling wedge against BTC in KCS/BTC pair. A conservative exit would be 50% gain considering the wedge height along, while a long term exit would be 100% gain considering the pole height too.
A typical breakout with 50% target from here for a short term trade. Though I might exit to BTC instead of USDT in time if I decide to hold it much further as DIA/BTC is at ATL.
Theta just broke out again in BTC pair... target is set measuring the pole without the wick, although we could be witnessing a new ATH for Theta this time, but still I am playing it safe here. What do you think? Will there be a new ATH record here, or will BTC volatility cut it short?
After BTC's bloodbath, the Graph GRT is at Jan 2021 lows in both pairs BTC and USDT. It almost lost all this year's gains. I am going long from here due to the fact it is a low risk, and I am not planning to scalp but HODL. If you want to properly trade it, just buy at the breakout from the forming falling wedge on either chart; BTC or USDT. PS in such volatile...
XRP forming a rising wedge with RSI divergence confirmed...
I am excited to the extent that I am shaking here. And I’ll be sharing all the tools below to get you build the same model and challenge my Da Vinci Code theory. Let’s first start with my conclusion for you to challenge: 1. Bitcoin is heading to an ATH about $150k minimum this cycle. While the specific date remains in question as the model (the indicator I’ll be...
BTC is now forming kinda inverse Head and Shoulder pattern on the 8H and 2H charts. If played out successfully we can see $45k mark probably after the weekend ends. On other help hand $35k is acting as a support for now. If Bitcoin breaks it, then it'll be retesting the $30k-32k level shortly afterwards.
It is time for BTC to get us out of the mess it got us into... going long as follows: Entry zone $36k-$37.5k Exit target $45k-$47k Stop loss $33.5k