raamraj

raamraj

Bulls unable to keep the price above 41k for next 2 days following the break up on 30 Jul. In my plan I always allow another 48 hours for price to stay above support level and then initiate buys, so this action has saved me from FOMOing at 40-41k level. Now the bears are taking the center stage and just allow them to get their limelight for the next week or so. If...

raamraj

Like to see price to find support at 41k for the next 2 days to show us this level is super resilient for more upside. Will be adding more coins definitely coming Monday in it plays out this way. Such uptick can become very impulsive, so be prepared. On the flip side, I am also seeing the Bearish Divergence forming on the MACD. This can suggest that the buys...

raamraj

At the top of the resistance level at 40k, this isn't a strategic level to take new long position. As I mentioned before, BTC is in a neutral level up to 40k level, so we could see price consolidating or whipsawing between 32k resistance level and 40k support level as ONE option. As an alternative option, I would prefer to see BTC to break above 40k and hold the...

raamraj

Bulls got a nice strong upside towards 40k major resistance level. Almost $1B of shorts were liquidated within 24hrs. It's good to take off some profits now too. Do take note of the down sloping supply line running from the previous peak (in dotted green). The 40k resistance level and the sloping line confluence is super critical to watch for now. If we get a...

raamraj

One thing is common between bulls and bears interpreting ADA chart which is, almost all are drawing the famous descending triangle pattern on the charts. So, I totally agree with this interpretation too. But the narratives are polar opposite between the two camps. I am holding ADA and have been dollar cost averaging over a period now. Pattern breakouts are not...

raamraj

In my last post I mentioned that above 33500 is a key indicator where it will tip the scale from very bearish to neutral level. 33500 level is a state change in my opinion, and we can look forward to a bullish reversal soon. The price also has rejected staying below 30k level once again and this time the price is very nearing the 200 period moving average (point...

raamraj

We got a relatively strong rebound from 29600 level which is a sign of relief. At the mid 29K level I mentioned it is better not to initiate any new buy orders but instead monitor for further price drop towards 28k level to confirm the fact current selling season is expected to continue even longer. We did not see the latter, so it is definitely a plus point for...

raamraj

After 48hrs, I was expecting the volatility to return to the upside, but the bears showed their mischief again. We anticipated this action could play out and have a clear action plan to handle such event So the latest move should not be any surprise to the bulls, just allow the bears to take the stage right now. No reason to fight or get perturbed by this. My...

raamraj

Still a nail biting moment whether the bears could take control again and push the price below 30k or if the bulls hold their ground and show their presence to the bears. Both sides are in a stalemate at this point. Recent consensuses about price could drop to 20k or even down to 10k level is still a far call based on current situation as the bulls have not...

raamraj

Early this month I mentioned that BTC wasn't showing any kind of strong buying strength since the low on 6/25. Price action had been rather range bound and I said that it would be risky to add more coins, either BTC or Alts unless we see a break above 36,500 level...we did not get the buying strength since. So, I paused my dollar cost averaging (DCA) too. Pausing...

raamraj

Recent price action not showing any kind of buying strength since the lowest low on 6/25. If COINBASE:BTCUSD price would sink below 32600, then we could see a deep price erosion toward 23k and take out traders placing their stops below the lowest low zone. On the other hand if BTC could break above 36,500 level, then I would be more convinced the 6/25 low is set...

raamraj

Sellers still not in control. This can push higher to $3 from here.

raamraj

Simple measured move setup. Could top $1.25 once the ATH is created. Watch this carefully.

raamraj

Almost 80 days range bound and now it is at the final stages to wake up and make huge move to the upside. Breaking above 60k level is THE confirmation signal and we could see $90k by June.

raamraj Updated 

For past one month the price did nothing. But the chart pattern is looking super bullish; staying above the 200p moving plus we see higher lows. Picked some today.

raamraj

Wish to see the price break above the 200p moving average and the most recent high to signal more upside to come. This idea is more like a position trade (on low leverage) and one has to hold it for many weeks to see 600-800 pips upside. Patience is the strategy here;)

raamraj

This chart pattern caught my attention, so added to my coin bag. Expecting big move.

raamraj

Initial target to $250 and then could see a minor pullback before reaching $325