Here are the ETH most important levels in my opinion. At 1687 we have the weekly level which we bounced off 3 times, last time being a couple of days ago We have the daily level at 2278, if you look at the 4H chart, you can see that this level acted as support then resistance multiple times. Finally we have the monthly level at 2772 right below a daily level at...
BTC just rejected to fib golden level If we retest and break above it we could go for the 36k resistance area retest If we keep on going lower we could see 30k break Any questions? Good luck traders Remember not to break your rules Habib
We wanted to see the test of 36k, we didn't get it, we tested the lower part of the resistance area at 35.5k Now, the support levels are 32-32.2k, then 31k which is also in confluence with the golden fib. We could bounce from here forming a double bottom (we want to see BTC hold above this level) and we can bounce off 31k If we break below 31k, we will look for...
BTC broke above the resistance at 34.8k Yesterday, we said to watch for a bounce near 32.8k, we pushed lower but still formed a higher low (from June 23) which signaled that we weren't going lower. I also said to look for the reclaim of the VWAP, and as you can see, we broke above it, retested it, and then it was just up from that point. Now, I expect Bitcoin to...
BTC pushed up exactly to our previous support level at 34.8k and rejected it, broke below 33.3k but bounced off the fib golden level. If we break below the fib golden level we will start looking for shorts, and if we want BTC to have a chance to break above 34.8k and test the next resistance at 36k the VWAP would be a nice level to look for. If we break back...
As I already said, look for the reaction at the 30-31k level. We can see a swing failure pattern on the 4h which gave us a nice long. But is this it? Was this the big drop that we have been waiting for? To confirm the trend reversal, we would have to get back above 33.5k in my opinion. For now, this can easily be a bull trap before the bigger drop. Watch the...
As I said yesterday in my post, we could get a relief rally to 36-38k before going lower. This is exactly what happened, and now BTC broke below 33k and is most likely going for the retest of the 30-31k area. If we see a rejection of this level we long, if we don't, we look for shorts. Here we are in no man's land so no trade in my opinion, wait for the 30-31k...
BTC broke below the 34.8k support as expected and mentioned in my last post, before going lower, we could get a relief rally maybe back to 36-38k before going lower. However, if we break below 33k, we could go straight to the 30-31k support area. Any questions? Good luck traders Remember not to break your rules Habib
As I said in my last post, if we break below the 36.8-37.2k support area, the next major level is at 34.8k We bounced exactly off this level, but we haven't seen enough volume in my opinion, indicating this level will be broken. Resistance is now at 36.8-36.9k, and look for shorts if we reject it. If we break above it, we will also have to break above the 200 MA,...
SPX just broke a major channel, this channel goes all the way back to the lows from march 2020, meaning it has been in play for more than a year. This break is extremely important in my opinion, and a big drop is could definitely take place in the coming weeks. We could easily see the S&P pull back 10-15% with the 1st target being around 3800 at the 200 MA. We...
BTC broke out of the parallel channel to the downside, retested the 39.4k level and rejected it. We are now moving lower and getting close to the 36.8-37.2k support area. Look for longs in this zone if we see BTC reject this level, if we break below it, the next major level is 34.8k Any questions? Good luck traders Remember not to break your rules Habib
We can see that MATIC recently broke out of the parallel channel. It retraced once again to the major support level at 1.5, which is also now in confluence with the 38.2% of the fib. This is a very strong long setup, with targets being 1.7, 1.87, 2 then 2.2 However, if we break 1.5, we could head back down to 1.35 then 1.2 Of course this will be affected by...
BTC broke out to the upside of the triangle yesterday but formed another swing failure pattern with the 40.9k daily level. Now BTC formed a parallel channel, if we break to the downside targets are still the same, same for the upside. PS : Here is a good place to long for a move back to the high of the channel, with a stop below the trendline. Any...
BTC is in a symmetrical triangle, usually those break to the upside. If we break to the upside, targets are 41k, 42k, 42.5k, 43.5k If we break to the downside, targets are 39k, 38.6k, 38k Any questions? Good luck traders Remember not to break your rules Habib
As I said in my last post, this is a short squeeze so look for long entries. We can see this breakout on very nice volume, target is still 42k at the moment. If you are not in a long yet, look for an entry on the LTF. Support is at 38.5k, then 37.9k Any questions? Good luck traders Remember not to break your rules Habib
We rejected the trendline which was in confluence with the fib golden level as expected, giving us a nice scalp trade on the short side. Now, we see high volume after the bounce from 31k indicating this is a short squeeze, on the LTF chart we can see the formation of higher lows and higher highs. Looking at the swing trades now, we are waiting for a long entry...
BTC is in a HTF correction phase, and now we have 3 scenarios: As you can see we have this channel, 1st scenario : BTC rejects the descending trendline and heads back to the lows (bearish scenario) 2nd scenario : BTC breaks the trendline but forms a double top at the 42k level, then heads back lower (bearish scenario) 3rd scenario : BTC breaks out of the channel...
As I said yesterday, go short if BTC rejects the fib golden level at 36.8k, we rejected it and broke the triangle to the downside on high volume. Next trade is short the fib 38.2%, and if we break above it the golden level (61.8%). Targets are 31k then 30k Any questions? Good luck traders Remember not to break your rules Habib