Last week we didn't make many trades as the market wasn't giving us much but blood
We did however take a nice play from the range highs to 52K
Which was heavily rejected. We just deviated below the range low and cleared a 4HR SR / order block
Again I will be observing price action amongst the range levels marked for further entries
1W bearish divs gave us a major...
Good daily close above bottom range high and the wick low of the 22nd Feb - bullish
Yesterday was break from range, retested today, initially with low momentum and a deviation (wicks back into the range)
Acted as SL hunts also providing liquidity for move up
Targeting 51.5-52K initially, $51700 specifically at the 1.618 of range break which is the fib a lot of...
Bullish divs 4HR is in, moved up from 45K to 48K as a result
Now trading quite cleanly around range levels I used before we broke 49 and 50K
Think bulls divs should give us enough momentum, aswell as close above 21EMA on 1D chart, to get above range highs and 1.618 of downtrend and try the 51.6K to 52K congestion zone
From there we can work out whether we are...
Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement
We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly
If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI
I believe that could take us back to 40K to completely...
Stinker overnight - 1.5bn liquidations on Binance. Wow. 18.5% drop whereas previous correction was 28%
Could indicate further to go:
Reclaim of this 3.0 MACRO fib would print a higher high, and could provide support
BUT 0.618 fib and the downward trend line will be strong confluence of resistance
1W chart, if we don't close above last weeks candlestick high (line...
We broke the top of the range on the third time of asking
Flipped and retested properly the 1.618 of downtrend which was the least risk entry signal
Most breakouts have been riding to the 2.0 of their range/shape so I'm looking to hold most my long till then
2.0 of breakout from is $53200 and 2.0 of breakout from downtrend correction is $53600
This will form the...
ETH gas fees are ridiculous right now, and ADA is fundamentally bullish
Very interested in longs from weekly mid-range, trend-line break and flips of the highs
When it has partnerships with PwC and IBM Research, plus the Governments of Ethipia and Georgia it's hard not to be bullish!
50K has been breached, the rising wedge top trendline has been flipped
Firms are looking to add BTC to their asset sheets to in the short term future
Thus, the BTC.D looks like it should make a leg up
As we do have a rising market cap though, I would not say ALTS will dump, I just think their growth will slow on the whole
It is likely LTC ETH XRP DOT will be some...
DXY acts in an almost direct opposite relationship with BTC - DXY down, BTC up
Example: DXY uptrend from bottom of SR zone/falling wedge 6/7th Jan, BTC 42K top 8th Jan and moves into downtrend
Falling wedge broke and has now successfullly retested on the 1D chart - hold above 90.6 and DXY looks pretty bullish
This won't last for long though, couple weeks maybe,...
UK Treasury has came out and said that XRP is not a security and it came under another brand of asset, 'unregulated tokens'
"In December 2020, the U.S. regulator filed a lawsuit against Ripple, which alleges that its ongoing XRP token sales constitute an unregistered securities offering worth $1.38 billion."
"Meanwhile, Ripple CEO Brad Garlinghouse insists that...
Firstly I still think the bigger picture is bullish, 500 CEO's attended Michael Saylors conference today (CEO of Microstrategy) with interests of buying BTC
He is looking to purchase another $600 million also
The chart does reek somewhat, we have a rising bearish wedge formation, which forms higher highs and higher lows, but we had one previously in this bull...
4HR chart looks pretty clean now
Clean takes of 20 and 50EMA's
Huge liquidity grap during Asia again last night - like old times - allows it to move higher with more ease
Clean takes of that 2.0 fib level and ETH will look to move higher - 2.618 the target at $2090!
However if heavy resistance round that area, $1840-$1870 - this move will look like a very strong...
Evident 48K is very strong resistance where we have whales colluding shorting the asset
Not one 4 hour candle has close above this level
We have seen flat top triangles forming all over the market - consolidate under resistance then push through
Possibility of this here also
4HR bearish divergence causing some current sell momentum
There was a month gap causing...
Pretty tasty set-up, broke the range and broke the descending trend line
Hopefully with this BTC breakout we get some strength here where we can aim to break the fib levels even up to the 2.0
Fundamentally very strong coin, even boasting their own exchange now and brilliant APY opportunities
It was evident on the 4 hour we were making micro lower highs and lower lows, so I zoomed into the hour chart too see how it was looking
We could have a bull flag forming with the end result still up
But in the leg up the flag will allow us to clear some lower levels - which would be bullish
Just some ideas of example price movements shown with the path still...
Fundamentally we have the 3rd release of Kybers network/protocol on the way - and the current DeFi app is very good as it is...
it is a fully on-chain liquidity protocol for seamless token swaps
Very bullish tweet from @KyberNetwork - Read this #DeFi research report by the Federal Reserve Bank of St. Louis @stlouisfed which includes an explanantion on smart...
So Elon Musk has bought $1.5billion of BTC for his company Tesla, which most likely has made a bigger profit in two months than the firm did in the whole of last year
He likely also bought a some for himself, along with DOGE when the DOGEBTC chart hit the bottom zone and then shilled them a fuck ton on twitter and made bank
Apple are supposedly next in line to...