Evening Traders, Today’s analysis – GALAUSDT – trading in a high timeframe range where a rotation to the range mid is probable, Points to consider, - Price Action Impulsive - Bullish OB Support (Range –Mid Confluence) - Daily S/R Objective - Low Volume GALAUSDT immediate price action is impulsive where a correction to the range-mid will allow for a long...
SOL is in a great place for an entry. Check the M30 or M15 and wait to see if it breaks down below the 88.6% level or breaks up out of the 78.6% level.
ETH has bounced off the 78.6-88/6% zone and is now testing the bottom of the 50-61.8% zone. Check the M30 or M15 for an entry. Also, ETH Dominance is increasing while BTC Dominance has fallen.
DOT is just below the Daily 50-61.8% level which for me is a great place to look for an entry.
BTC had a massive drop over the weekend. Still going sideways and may for a while. ETH is picking up ground on the 'flippening' and is still sucking the growth out of BTC along with the other ALT coins right now.
Price is in a freefall right now. There are a few places it should stop. The first place is a previous retracement Seller’s Last Stand Zone (SLS or 78.6-88.6% Retracement Level) between 51,384 and 50,215. Price broke through this as I was typing this up. It is holding but price took a fast train down over $3,000 in the last 15 minutes. It has now moved down to...
Evening Traders, Today’s analysis – CHZXUSDT – trading above its current support level where a deviation to the highs is probable, Points to consider, - Price Action Impulsive - Local S/R Support - Range High Resistance - Low Volume CHZUSDT’s immediate price action is impulsive, holding a key level as support, allowing for a bullish bias. The Range...
BTC is consolidating. More than likely, it is the news of COVID that is suppressing it. There isn't any news I can find that is negative toward BTC. The DXY is coming down but it is not having the effect on Bitcoin. BTC Dominance is still sideways too. The Daily and H4 LASS are both in the middle of the range with no momentum. All this contributes to the sideways...
Evening Traders, Today’s analysis – CRVUSDT- trading bac within its range where a deviation to the lows is probable, Points to consider, - Price Action Impulsive - Range High Resistance - Range Low Support - Low Volume - RSI Neutral CRVUSDT’s immediate price action is impulsive and is trading near its range high where a rejection is probable, allowing...
Price is currently playing between the 50EMA and the 8EMA. We didn't get a higher high before the retracement and you can see in the descending channel that price still did not break out of it. News events are affecting the run at this point. FUD brought on by misinformation from misguided news outlets worldwide. The DXY is falling predictably as well but the...
Evening Traders, Today’s analysis – SHIBUSDT- trading in a clear descending channel where a breakout continuation is probable, Points to consider, - Price Action Impulsive - .618 Fibonacci Support VWAP Confluence - Swing High Objective - Low Volume SHIBUSDT’s immediate price action is corrective and is trading at a key trade location that has technical...
Evening Traders, Today’s analysis – LTCUSDT – trading at an area of confluence wither a rotation to the highs is probable, Points to consider, - Price Action Impulsive - POC S/R Support (.618 Fibonacci & VWAP Support) - Low Volume - Uptrend LTCUSDT’s immediate price action is impulsive and is trading at a trade location that has technical confluence with...
BTC is no longer on sale lol. No Cyber Monday apparently. Saturday was a really strong move out of the 50% zone and has support from the Stoch and LASS. DXY is coming up a little today. And BTC Dominance is finally near a new high around 43%. I expect a small retracement around the 50EMA before price continues in the uptrend. I also made a few changes. I am using...
So, I am trying to use a line chart now instead of candles and wicks. We will see if this is more accurate. Right now BTC is retesting a 50% zone. I think we may see a drop into the zone overnight. There is a level at 52,700 that might work out as a reversal zone. but I would also wait and see if it hits the 200EMA which would be around 49,900. BTC dominance has...
Black Friday Sale BTC Report lol. So it's the Friday after Thanksgiving here in the US and BTC is on special pricing sale! There may be a small drop over the next few days but BTC is on the clearance rack. Get it while supplies last! I don't see why BTC would jump out of this zone right now. I really feel like it is coming down to the two reversal zones I have...
Evening Traders, Today’s analysis – NZDJPY- trading at a key trade location where a bounce is probable, Points to consider, - Price Action Impulsive - Local S/R Support VWAP & .618 Fib Confluence - Swing High Objective - Below Average Volume NZDJPY’s immediate price action is corrective and it trading at a key trade location that has technical confluence...
Wednesday Night BTC Report. Driving last night so didn't have time to send it out. Tonight looks like BTC is on the way back up even though we have a bearish colored candle. The candle itself is actually bullish and based on the LASS and Stoch should continue up. I expect price to come out of the 50% zone, retest at some point overnight and then continue the...
Evening Traders, Today’s analysis – TLMUSDT – entering a new trading range where an impulse to the upside is probable, Points to consider, - Price Action Impulsive - Weekly S/R Support - Volume Influx - 1.618 Fibonacci Extension TLMUSDT’s immidiate price action is impulsive and is trading above a key weekly level that needs to hold for a bullish bias....