CryptoSlayerFX

CryptoSlayerFX

I have attached my idea illustrating profit prediction zone based on December 4 crash low. The first target has been hit early. Leading me to believe that this drop maybe steeper than I first thought. Let's see if ETH can hold $3000 this morning. *for more on established zone criteria click through to attached idea.

CryptoSlayerFX

If you have been following my account at all you are by now surely aware that I have been mid term bearish on Ethereum and crypto in general. Today it took the tumble. Now that the predicted price action on ETH has played out, it is time to to start taking profits (if you haven't already). I have used the low created on the December 4 as the parameter for...

CryptoSlayerFX

I made a mistake on my last published idea. This is what it should look like. The yellow line is the old local low set on December 29. The green line is where we set the short. Volume on selling rallies is way over moving average. We are making plays based on the four hour chart. In this view of the one hour chart we can break the four hour candles down. And...

CryptoSlayerFX

Even though we are focusing on four hour charts We can still look at the one hour chart and view four periods as one. When doing this we discover that ETH has bounced off of the local low from Dec 29 Not even halfway through the hour and the buyback is looking weak. Volume on sell periods are over moving avg and frankly massive MACD is below 0 and under the...

CryptoSlayerFX Updated 

ETH is not looking good these days. I expect to see ETH reach the 3k zone this month, if not in the next two weeks. Below are my criteria also noted on the chart: 1. notice the rather large wicks on the 4 hour candle happening during rally periods (3 buying periods in a row) 2. The most recent rally is a troubling area where ETH is struggling with the 200 DEMA...

CryptoSlayerFX

I have linked my recent post which includes my criteria for why I am bearish short to mid term on Ethereum. I like to zoom out and back check with simple indicators and the 50/200 crossover is a popular tried a true one. *for reference this is the 1 day chart going back to June 2021 As noted on the chart: Using the date measuring tool from left to right...

CryptoSlayerFX

I am seeing a lot of similarities here in the highlighted areas. If you follow the vertical lines down and observe the MACD index and the RSI histogram, You will notice similarities that’s so far have all led to BTC falling in price at least for the intraday. This is just an observation. I am interested to see how it plays out. I need to collaborate with others...

CryptoSlayerFX

BTC made an epic run down yesterday with one strong 4 hour selling period. Since then the asset has recovered and is now holding support and closing above the 10 10 EMA/MA and the 50 DEMA on the one hour chart. BTC even managed to confirm bullish with three buying hours in a row. Even though these hours were under the MA for volume we can't completely discount...

CryptoSlayerFX Updated 

Will work on this some more but yet again I see one good buying hour and only weak buying after that. Also the wicks on each side of the candles indicate at least a short term trend change. Which way will we go? I have linked my idea for why I am bearish. TLDR: Weak buying hours. Market psychology: denial phase Overall trend since ATH: lower highs and lower lows.

CryptoSlayerFX Updated 

I typically focus on one hour candlestick charts. This morning I thought I'd take a peek and the 4 hour candles and zoom out because of the long green candle the one hour chart produced while I was asleep. Is what we are looking at good? I am seeing lower highs and lower lows since all time high. I am also seeing similarities between the highlighted areas we...

CryptoSlayerFX Updated 

Just a thought… as I’ve pointed out I am bearish on BTC short/mid term. Here on the one hour chart I’ve highlighted an area where we see long wicks on both sides of the candles. Too me that indicates at least a short term trend change. Obviously the asset is on a mid-term down trend since reaching all time high. In this case I am seeing very weak buying hours...

CryptoSlayerFX

BTC since I made the post earlier today outlining why I am bearish short term has since moved from the top of the bollinger bands where it was getting rejected and has moved under the 10 10 EMA & MA lines on the one hour chart. The hour of 15:00 moved the price into the zone, and since then (7 hours) BTC has not been able to break back through, in fact it is...

CryptoSlayerFX

Have little time so will update later. As with my recent post on BTC I see at least a short term trend change in the cards coming for ALGO based on the long wicks on each side the highlighted one hour candles. Also notice the candle on the left of highlighted area which I believe to be a hammer candle. Long wick on top so bearish indicator imo. Will come back...

CryptoSlayerFX Updated 

The crypto asset ALGO or Algorand has been bucking this short term downward trend we are seeing in top cryptos (BTC, ETH et al.) ALGO is #18 coin by market cap which is $10B How long can this continue? Not long I think. Historically "alt coins" or basically anything other than Ethereum or BTC, run up faster when the market is on a bull trend, and they get hit...

CryptoSlayerFX Updated 

Here we are looking at a 1 hour chart for BTC. It does seem that during 18:00-19:00 hour BTC found a local low and bounced a bit, but is it a dead cat's bounce? I am leaning towards yes based on this criteria (also noted in text on chart): 1. BTC is being rejected by the short term moving averages and is way under long term moving average 200 DEMA 2. Four...

CryptoSlayerFX

The chart is the monthly view of BTC. As you can see BTC continues to be rejected on moved up. Note the wicks on top of all of the rally’s. This lines up with the total crypto market being rejected when moving up into the 2.5T zone.

CryptoSlayerFX

I am using LUNA as an example. As it has been trending up despite the dreadful December crypto has had. It’s also a top ten crypto by market cap. These areas on the top that I have highlighted have long wicks on top of the one hour candles which line up with the total crypto market cap being being rejected at the 2.5T zone.

CryptoSlayerFX

I have tried to point out everything relevant with text in the chart, if you follow me you know what metrics I use for criteria on a short and what my overall short term sentiment for the crypto market is. Bulls be careful, there will be false breakouts, bears make sure to set profit taking stop limits and stop limits for loss. Will update more later.