After a massive weekend sell off, i think we are either seeing a relief rally or the market is moving up. I'm still missing the last aggresive leg down, but maybe we don't get it. My orders in40-38k region have not been filled. Here on the 4H chart, we can se a breaker order block (bearish order block where there was no resistance on the way up). These are...
Hi all. So BTC obvioulsy recovered a bit from the dump past couple of days, but i'm not sure if that was it or we have the rest of the week of ugly choppy price action. To protect my spot exposure, I'll be taking a short at the .705 retracement level (golden zone between .618 and .79). Invalidation close to entry (swing high at 55050), aiming for 15th february...
Hi. So ETH is currently in a large ascending triangle, and it looks like it is gearing up to explode. We had two stop runs, clearing out any longs that entered at 1280+. Basically picking up liquidity for a move up. I'm expecting a retracement to 1333 and eyeing that as a long entry, with stops just under 1300$. The targets i'll be cutting parts of my position...
If 1280 doesn't hold as support, the most likely outcome for ETH is cleaning up stops below the equal lows and possibly tapping into untested order block at around 1150ish $. That is strong support and will at least see nice bounce from the area, still need to check on BTC bcs if BTC dumps, ETH could go to 1050.
Hi. So yesterday BTC put on a hectic move, probably because freaging Elon changed his twitter bio to #bitcoin. As for TA, BTC broke out ot falling wedge pattern, shot up, came back to test the median of the range + wedge resistance turned support. Looking for long entries, with targets being 38k, 42k, and quite possibly ATH. For additional confirmation, more...
Hi. As for LTCUSD, it is currently in a bullish pennant consolidation pattern. If BTC continues to bleed, i think LTC will head lower to 115ish, to clear out stops and revert to the upside with targets marked on the chart as .27 and .62 fib extensions. LTC usually lags a bit, but when it starts moving it moves strong. P.S. I'm using FTX exchange, which kind...
Hi. So BTC tried to push up out of descending wedge pattern, just to hit resistance at around 34.4k which pushed it back into the wedge. In my view, the area we need to watch closely is 31.4-31.5k to hold as support, if that breaks we are testing 30k again and quite possibly the bottom of the wedge at around 28k. As of now, probably best to wait and see what...
Hi. For fundamental analysis, start with this article: tokeninsight.medium.com They lay out pretty well the fundamentals of the coin and why it is undervalued. FTX exchange is picking up steam, especially with their fast approach to add DEFI tokens fast + they added the stocks from WALLSTREETBETS that you can trade with. FTX is slowly becoming one stop shop for...
Hi. So as for LINK, LINK is in price discovery mode, with first nearterm targets being TP1: 28.9 and TP2: 33.4 Trade entry is 21-21.2 range if we get a pullback, still not sure of the strength dynamic between bulls and bears in BTC battle, but we will know soon enough. HTF LINK looks extremely bullish, deffo a token to watch if you want to multiple your...
Hi. Another token I'm watching is SNX. Good project with good fundamentals (DYOR). Looking strong TA wise, I'm looking for pullback to 13.2-13.7 range for a long entry, with targets being tp1: 20.7 and tp2: 24.4. SNX held strongly during the btc bleed as well, not going lower then 14.8, which leads me to believe that I probably won't get the ideal entry, so...