BTC will bounce but when and will it be strong enough? BTC looks like it might be setting up for a reversal but what kind of price action am I looking for? I want to see a break of 60k to reverse this 4H downtrend and then I will be looking for trades to the upside!!
Honestly, if someone tells you they know exactly what BTC will do next, they don't. But, we can definitely have a look at different timeframes to get a better idea: 1W - Uptrend and momentum on the macro scale. Decent pullback occurring, which is healthy and normal 1D - Downtrend on the daily 4H - No trend so messy and unclear Most likely, BTC will move...
I am looking to pick up a short on BTC on the 30m chart. We have a clear solid downtrend and it will be a nice hedge for anyone with a crypto portfolio. If this candle closes red I will be looking to enter on the break downwards with a 0.8% stop loss. This one is tight but I am still bullish on the macro scale. Manage your risk.
Most traders are too impatient. They think that they should always be able to trade and just need one more indicator to show them how..... BTC has this messy sideways action going on and is trading between by orange channel, as shown. I am waiting for it to break up or down before I am even considering any trades. I will keep you posted ;)
For now, not at all. Let's step back to the weekly and we can see a lovely uptrend with the MACD also looking very strong. I wouldn't be surprised for this to be a base to start moving forward, but am also ready for a pullback to $54k. I will be looking for shorts on the 15m / 30m if we break down below $58k
If SOL can build into this resistance I will be looking for a trade on the break!! The daily and larger timeframes are looking v strong.
We spoke about this before and here we can see another example of traditional markets having a pullback over the last week and brining BTC down with them. (If your wondering why BTC has more candles it's because traditional markets close on the weekends) So what do we want to see? If traditional markets can push to ATH, BTC will be set to follow and I will be...
When markets move big, like we can see in this recent BTC move of 9%, it is very normal for them to do the opposite of what people think. Everyone is screaming "It will bounce!!" or "It will go lower!" But in reality we must stick to our trading rules. Range expansion leads to range contraction (and vice versa). Therefore, it is likely we will see sideways...
ADA is looking strong on the weekly with clear higher highs (HH) and higher lows (HL). If we can start moving higher to create another HL and break ATHs, I think we will be see $4-$5 dollars very quickly.
BTC is off the table for me at the moment. Horrible price action. I have come out of all my short term trades (including alts) and am waiting for some more stability. Too choppy and looks like manipulation. Crypto is great but you must manage your risk and know when to sit on your hands!!
Time for another key crypto tip! Traditional markets! Watch them because they have a much greater affect on crypto movement than you may think 😲 From this example, we can see 3 crashes in traditional markets that correlate to that in crypto. This does not mean that every dip will take crypto down but I have seen it time and time again act as a catalyst to take...
0.1766 is the point I am watching, I will be getting in an order to pick up some VET at this point. BTC is strong and VET looks ready to make some moves. Manage your risk, this is crypto ;)
If we close this 4H candle bullish, I will be looking for an entry on the break. We have support from the old ATH right through the candle and BTC is setting up for a big move. Manage you risk ;)
Yes! BTC is looking primed to move higher and I will for sure be looking for an entry. Where? 67000 - if we can get a 2H pullback and a nice set-up I will be taking a trade on BTC Long!! This could be a big mover. Manage your risk and know that markets can and will do the unexpected.
BNB is pushing to ATH but it could be time for a pullback! If you followed my last entry around $470, you will be sat nicely. However, this is a good time to hold back and wait for a pullback like we did before. I would be looking to enter again at $520 if we get a bigger timeframe pullback. If we break to ATH, I will be keeping an eye on trades on the lower...
This is make or break for me at this point. If we can see BTC break ATH (67200) over the next 2 days I will be setting up to hold my crypto for a while more..... if not I will be reducing my holdings by 50% Manage your risk... :)
Waiting for some set-ups on higher timeframes as it is too choppy for me. Will keep you posted on trades! Looking positive and above resistance.
Potential trade for me on 12H. MATIC has strong fundamentals and technical side is looking nice also. I think we are going to see some massive gains on this one soon....