Good morning, It's vital to look at what BTC is doing before selecting which trades to take for the rest of the week. The price is been hovering between $37K and $40K on a regular basis. We have strong resistance at $39K if we see a run up. A CME gap, Fibonacci resistance, and Daily Naked point of control can all be found here. If we see Longs start to open near...
Yesterday was a day of extreme volatility, as expected. The US stock market has lost a key support level and is again retesting this zone, which is currently acting as resistance. If we have a rejection on a retest like this, we will see more downward movement. As we all know, once the New York session begins, the US Market has a strong link with BTC,...
The daily support levels established at the start of the week have been maintained. At $40100 (daily resistance), there are significant areas of resistance. More resistance may be found at $42,000, which has numerous resistance levels and where we believe the price will be acctracted to. <———————————————> Follow us on our socials for more! Thanks and happy trading :)
This setup was posted here few days ago. As expected the price has lost its previous support, has retested it was rejected and closed several candles from 1h-4h below thus activating the trade! Currently running on profit at +7.5% ( calculated without leverange ) Feel free to take partial profits here and move SL to breakeven. <———————————————> Follow us on...
I've been keeping an eye on this possible scenario for weeks. Simply put, if price loses support, which is also the value region bottom of the range +completes the head and shoulders pattern, I'll look for a lower price. Only if we lose $3.9 as support and we start witnessing 1hr and 4hr closes will I consider this trade. Targets: $3.2 - $2.6 Stop loss: $4.10...
Price lost support ($41880) the day before yesterday. This location is now a daily Naked Point of Control, adding more confluence as resistance. The analysis is straightforward: regain this level as support, and we'll see higher prices. We'll see whether there's a rejection here, and then we'll see if price retests $38K/$39K and holds, it will be a positive...
Over a month later, it's still interesting to watch how the previous range point of control functions as support. This has now turned into resistance as the price has dropped below $43094. Further down, support is found around $41k, a crucial level to hold if price is to avoid a quick drop to $39K. We have a few elements coming up in the next several weeks that...
SOL has broken the uptrend channel by dumping sharply from the resistance line, as predicted on the past post (blue line). It was most likely a bear flag in Higher TF. Currently, the price has broken its pattern, but it is still building LowerLows. You can stockpile some now that the price has dropped below $100, spot hold mode. The next significant support...
I have this setup ready for HNT if BTC remains stable and altcoins bounce. A massive rising triangle has formed, with $32 functioning as a flat resistance level. Lower lows (a sign of buyers coming in). Entry: only once $32 has turned from resistance to support ( retest must hold ) Targets: collect profit from $35 to $39 zone StopLoss: If the price falls...
On the 4H TimeFrame SOL is putting together an amazing set of HH and HL, but on daily it appears to be pulling back. The price has already risen from a strong support level of $79.00 - $82.00. SOL is currently trading inside an uptrend channel pattern, with a sell-off taking place near the major resistance level of $124 - $129. It's not the best moment to...
We've witnessed our first substantial move since the breakout from $38500 this morning, and it's sent panic across the market. This shows the market's emotional state after three months of downtrending. The best strategy to trade is to mark out your levels ahead of time so that when the price pulls back, you can tell if it's a support level or if the price has...
Price is now at the resistence and no dubts this move will be getting a lot of people super bullish. Personally i woudn't open any new long trade unless price reclaims $44k level and filp it into support as it would change high market structure. Also, lokking at the EXO Chart we see new longs opened near the currently resistence and a small divergence on the CVD...
Quick and Easy chart analysis on LUNA. The price bounced nicely off the FIb level but $52 continues to be a strong barrier. If price can retake these levels as support, I might consider going long. New updates as soon as i see something new.
BTC/USDT - Update Price attempted to break through the $39K milestone this morning ( previous resistance ) We got a quick denial because there wasn't much interest in buying at this point. My early estimates put the price between $35,500 and $39,500. The range point of control and daily Naked point of control are both at $36960, which provides support. If the...
There isn't anything to add to yesterday's post ( i forgot to post on this social ). As expected, we are seeing the trend that is attracting a lot of traders. The FOMC meeting, which begins at 14:30 Eastern time, will have an impact on the stock market, which will then have an impact on the crypto market. As we approach the meeting, price is now heading higher...
Price is now below the point of control of the price range in which it has been trapped. $39240 is a threshold to be aware of if the price falls lower. This is a Daily Naked control point from the last run-up, which occurred in September of last year. Also, I noticed this harmonic pattern, however, this pattern will be verified if we locate and maintain support...
Gained a lovely +32.34% over the last 2 days! Taking most profits here 📈 <———————————————> Follow us on our socials for more analysis and signals! Thanks to y'all and happy trading :)
Looking at yesterday's rejection region, it corresponded to the previous counter-trendline resistance that was formed prior to the January 5th dip. The $41800 level, which is the range point of control drawn from the start of the trendline to the present price action + 0.618 Fibonacci level, could provide some potential support. We'd like for this area to remain...