Hi Traders, The DXY has entered our consolidation channel. Depending on which side it breaks will depend the movement of BTC. We are currently pushing higher into our test zone. If BTC fails to break the trend line we can expect it fall further. Thanks The Market Sniper Team
Hi Traders, We have a quick update! More recently we've seen a test of the all time high, we also saw a nice increase in buy volume, indicating that the bulls are still in control. As there has been an inverse correlation between the DXY and Crypto we can expect a short term fall in crypto prices as the DXY stabilises after a decline. Thanks The Market Sniper Team
Hi Traders, LTC is still looking very bullish, we would just like to see a search for demand in our grey area for prices to push higher. Thanks The Market Sniper Team
Hi Traders, ETH has made some crazy gains with plenty more room to go. The market is currently retesting itself after a nice push up in prices. We saw a nice rejection of the grey zone which we depicted in our last post which can be found attached to this post. if we do not see a gradual increase in buy volume then we can expect a fall into the grey zones....
Hi Traders, We're back with a BTC update. We saw a nice push higher over the weekend. Now we should see a fall into the grey area where there is demand. Accumulation has also consolidated so we would like to see a fall in price with an accumulation in orders for more of a confirmation on where price will head and the strength of the move. Thanks The Market Sniper Team
Hi Traders, It's the start of a new week, so it would be a mistake to not look at the possible movement of the DXY. Last week we saw a push higher towards the test area. We are currently see a small rebound. We could see price edge a little higher and hopefully see a rejection of the grey area which would push crypto prices higher again. There isn't a great deal...
Hi Traders, ADA broke the ascending triangle formation. Up 20% today and still looking very bullish. As it stands and still looking bullish we may see a shorter pull back into the top grey zone, however it may pull back further into the lower the grey zone as it has gone up 20% today. If crypto sentiment changes then we will be looking for a breakout tot he...
Hi Traders, We have seen LINK more recently break structure (ascending triangle). We could see a pull back to our grey zone. We will want to see a rejection candle and a push higher for a confirmation of the bullish trend or simply see a breakout form the last higher high. Thanks The Market Sniper Team
Hi Traders, We're seeing a smilier patter form in the major cryptocurrencies. Price for LTC needs to compress a bit more so we could see a fall into the our grey zone. Thanks The Market Sniper Team
Hi Traders, More recently we've seen BTC test the resistance line set by the higher high. If the dollar continues to go higher we can expect a fall into the supply zone (grey area). This will be where we will be watching for a rebound or a further breakout to the downside. Thanks The Market Sniper Team
Hi Traders, We have an update on ETH. Are we seeing a potential ascending triangle forming? A continuation to the upside? The DXY has just touched its grey zone, definite signs of exhaustion by the looks of it. As price has compressed, accumulation has continued to increase, there has also been downward sloping volume which is a good sign. Thanks The Market Sniper Team
Hi Traders, An update on XLM. Currently we have rejected the bottom of the symmetrical triangular pattern and also currently sitting on the 0.382 fib. This trade is still looking very bullish. Thanks The Market Sniper Team
Hi Traders, We're back with an update on ADA. Some huge gains made on our ADA trade, now to regroup and plan another signal! The three peak bearish pattern has quite formed as well as seen on other crypto which is a good sign for bulls. Currently we've rejected the o.382 fib level which again is bullish sign, if it can hold this position we can expected prices to...
Hi Traders, LINK has seen some amazing gains. We have currently fallen down to the square up which is a good sign already that it might push up higher. We will wait for buy side volume to come back into the market for confirmation on the continuation of the bullrun. Thanks The Market Sniper Team
Hi Traders, We're seeing a lot more accumulation in LTC, over the Christmas period LTC was outperforming majority of major cryptos with a decrease in investment and volatility after the festive period. As more recently we have seen a break of structure we can expect LTC to push much higher. There's plenty of room to grow. We have currently fallen and rejected...
Hi Traders, We're seeing new all time highs, with increasing investment. ETH is extremely bullish. We have currently tested previous resistance now turned support. We could still see a further fall, however with the the most recent rejection ETH looks like it might still push higher. The next psychological price target is $2000. Thanks The Market Sniper Team
Hi Traders, We have another update on BTC. We have seen push higher in prices with a rejection at the $39000 resistance. As the Dxy will be expected to rise we should see a retracement in the crypto market. Depending on what level prices reject the fibs will dictate the strength of the move back up. Thanks The Market Sniper Team
Hi Traders, We are currently pushing higher and coming up to our breakout/rejection zone. Us stimulus package talk is tomorrow and therefore we will see volatility come into the dollar. If the expected stimulus package by New president Biden is accepted we can expect to see a breakout. If the package is accepted but lower than expected by a large margin then we...