Price action is looking quite dreary for Bitcoin bulls at least in the short term. The June 6th 5-6 % increase in price was retraced in 3 days & 10 Hours. The 5% increase prior to that, on May 28th, was duly corrected in the same amount of time (3 days). Additionally, the market is likely to see lower prices with fears surrounding recent SEC developments against...
KASUSD continues to be supported by the MA200 (1d) exactly at the bottom of the Channel Up. The MA50 (1d) behaves as Resistance, containing the price under it since May 6th. Trading Plan: 1. Buy if a (1d) candle closes over the MA50 (1d). Targets: 1. 0.0800 (Fibonacci 1.5 level, which was a Higher High on the previous MA50 breakout). Tips: 1. The RSI (1d) is on...
Cosmos / ATOMUSD is rebounding after almost reaching the bottom of the long term Channel Up. This rebound is being fuelled by an enormously oversold 1day RSI. Buy and target the 1day MA50 and dashed trendline at 10.00 short term. If the price closes over Resistance A (11.00), buy again and target Resistance B (13.00) on the medium term. Follow us, like the...
Bitcoin is showing signs of weakness after an impressive start to the year. BTCUSD has increased precisely by 100% from its low on November 21st to its high on April 14th. Coincidentally, April 14th was also the exact same date that Bitcoin hit its first new all-time high after the Covid low. A 50% correction followed this peak going into the summer months. This...
BTCUSD is technically on red indicators on the 1D time frame (RSI = 41.679, MACD = -426.400, ADX = 31.022) as it is inside a Channel Down pattern since April 14th and under the 1D MA50 since May 7th, but is near the HL trend line that is supporting throughout 2023. There are high chances of holding this trend line so our strategy involves placing the first buy...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Still having some issues breaking .5262 Possible impulse out of Algo Land. An impulse and corrective retrace would be ideal for the bulls. Need an external move...
As I've been talking about over the last several weeks, the market SEEMS overdue for some sort of relief rally. Although I believe crypto has begun a longer term downtrend and likely will not see all-time highs in the foreseeable future, it is not unreasonable to expect some hope to be injected into the market before further sustained downside. Of course, the...
After some time, Bitcoin has finally tested the $20k level. All the cryptos I held throughout the bull market are now below the levels where I first de-risked in January, 2021. This means that prices are now below every single one of my sell points. A move like this seemed likely to me, considering the breakdown of the 3-day 200 MA back in April. Prior to that, I...
BNB has been consistently the best performing crypto asset since its inception in 2017. Since then, it has gone from mere pennies to nearly $700, outperforming both Ethereum and Bitcoin. How is this possible, given that the TOTAL crypto market cap lingers close to its 2017 all-time high, 5 years later?? How is this possible, given that the crypto market itself...
📊 #BTCUSDT ⏱ TIME: 4H 📝The price is reaching its own descending channel floor and also approaching two strong support levels that have been previously established. These two levels intersect with the ascending trendline in the medium term. There is a possibility of a short-term upward movement from this range.
Yesterday, Bitcoin finally broke below $25,800 and established a new low at $25,389. This move came amid our recent speculation about Bitcoin potentially reversing the short-term/medium-term trend (from bullish to bearish). This fact is being reflected by Bitcoin making lower troughs and lower peaks after hitting $31,000 in April 2023. Due to that, we do not have...
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! This swift move down does not look great for the coin. Broke some pretty clear yuge levels, MO. So now for me its the waiting game. I could see either of these play...
The saying is usually "a wolf in sheep's clothing," but you'll see why I reworded it a little further down. The above charts show TRX (Tron) and BNB (Binance Coin) side by side, in what I believe to be distribution ranges after breaking uptrends. Distribution is how these players achieve profit (selling to prospective buyers). I think they will eventually break...
Here is the technical analysis for FWB:PEPE , I think resistance will be broken in upcoming days/hours, and when it is done it is a clear signal to another resistance which is the .19$ zone. Trade under your research and risk!
MASKUSD is trading on a Triangle pattern at the bottom of the long term Channel Up. Supported by the 1D MA200 and resisted by the 1D MA50, the 1D timeframe is technically neutral (RSI = 49.176, MACD = -0.028, ADX = 27.319) and the next breakout can deliver a big move. We will ideally wait until R1 breaks and buy targeting the R2 (TP = 7.17500). The 1D RSI shows,...
BITMEX:XBT is fighting to maintain it's uptrend after facing resistance on 200EMA, with the nearest below support coming at 25.000$ Level Zone ; (CHoCH + 0.618 Golden Zone) Breaking the recent HigherLow at 25.785 $ will confirm more the Triangle breakdown and the loss of S/R zone. For now, this level is a small CHoCH of the previous low inside S/R zone of...
ETHBTC is consolidating right now on neutral 1D technicals (RSI = 55.810, MACD = 0.001, ADX = 53.149) supported by the HL trendline. A bounce on the 1D MA50 would be ideal for a new buy, but if it breaks the trend turns bearish. Until it does, we are bullish, targeting the 0.9 Fibonacci (TP = 0.07200) as it happend on January 2023. But of those where the bullish...
Bitcoin is consolidating under the 1D MA100 but on the LL trendline that started early at the end of the last Bull Cycle. We are on the 1W timeframe where the technical indicators are neutral (RSI = 53.611, MACD = 1576.400, ADX = 26.280) suggesting that on the long term this is a solid buy level. So far it is following the trading pattern of the previous Cycle...