Bitcoin is currently down -26% from the sell signal at 40k, at the moment the only area of interest for me is if the price bounces up to between 33k and 36k in between the S/R line and the base line. Set an alert, at the moment I wouldn't be interested in buying, the trend is still down and until we see signs of that starting to change it is better to be on the sidelines.
The HEX breakout from the last buy signal failed. Personally I would cut losses and wait for another entry. See the related idea below.
The market is in a pretty bad way but that is only if you care about the dollar value. If however, you like to trade in ETH and BTC pairs then not much has changed. ETHBTC still looks good, after a take profit signal a couple of weeks ago it is now back above the moving average and pushing higher. If you are going to be stuck in anything, better to be stuck in Ethereum.
Fantom is still rekt, down over 60% from the sell signal and down 77% from its highs back in October 2021, there is still a lot of room for this to fall. The way the chart is now I wouldn't really start paying attention until around $0.95 cents. I would neither buy or sell here, just add an alert and stick it in your watch list. If following the DCA signal the...
Hex is showing a buy signal on the daily timeframe and the 3 day timeframe is also showing a pre entry signal. With the release of Pulsechain supposedly only a few weeks away there is a good macro case as to why there might be some buying pressure here so people will have a copy of the HEX on Pulsechain also.
A take profit signal has opened up on ETHBTC. If you had entered the position on the previous buy signal then here is a good place to take a percentage of that position into profit. How much depends on your personal risk profile. It is worth noting that BTC is also on a sell signal against USD so moving straight to USD might a strategy worth thinking about.
Ethereum paired against the dollar is also at the 3 day baseline resistance and a pullback from here is likely. Note the risk is in the very high range. I would be interested in the $3200 level of the blue moving average support as a potential buy with anything below that between $3200 and $2900 as a very good opportunity. The buy signal was around the $3000 mark...
The ETHBTC pairing is now at the 3 Day base line which could act as some resistance, worth taking some profits here if you entered on the buy signal at the 0.070 mark. The risk is in the high range but not very high so personally I will wait here, decision here should be based on your own risk management and tolerance. All my trades are based on trend strength...
Today gives a buy signal on Tezos after the sell at $6 and a few DCA signals on run down. With the recent network upgrade and the bullish sentiment in the market at the moment this is a good opportunity to get back in after exiting the position previously at the $6 range. It is worth noting though that the bitcoin and Ethereum pairings still favour being in those...
Cardano finally on a buy signal after a long period since the previous sell signals averaging around the $2.30 mark all the way back in September 2021. Target around the three day baseline at $1.50. I suspect a slight pullback here as the market cools down for maybe a few days before pushing up higher. Risk is currently at 100 so take that into account when...
As I said what was likely to happen in my previous post, bitcoin has broken through the horizontal resistance line which should now act as support after the buy signal on the TDR Indicator. Expecting some form of Resistance at the 50k levels around the 3 day baseline. Risk now at 77 and entering the higher range, take that into account if planning to enter a position.
Bitcoin look ripe for a push up toward 50k where the 3 Day baseline is currently sitting. I use this to determine a bull or bear market. Bitcoin is currently at horizontal resistance and looks like it will break through this time. Currently on a buy signal after some sideway chop for the past few weeks. Manage your Risk and position sizing.
Bounce off the 200 EMA to start the C wave with a target of around 4400 at the 618 fib level