MoneyBagTrading

02:11

MoneyBagTrading

Today we took a look at the BTC price, we are currently consolidating between 68K and 60K, I think we will be here for a bit longer and possibly retest 58K again or whick into it

MoneyBagTrading

BTC been on a bit of a correction lately, I still think there is some more downside left until BTC finds a bottom of this correction around 61 to 58K. This will be a good zone to re enter or add to your BTC bags

MoneyBagTrading

Shadow seems to be a very promising token for this bull cycle will be buying some between $1.2 and $1.08

MoneyBagTrading Updated 

A day or 2 ago I posted an idea of BTC going back down to 38K, We retested resistance again since then and are slowly making our way to the range low and I think it will break this time towards 38K. The ETF approval is nearing in the first week of the new year probably. This could trigger a selloff like most major news events in crypto So far everything is going...

MoneyBagTrading

BTC Analysis 27/12 🧠 ETH is currently pumping indicating people are rotating from BTC to other stuff. This could lead to BTC being weaker, and more likely to dump 🧨 The BTC ETF approval is approaching quickly, I think it will be a sell the news event so I won't short BTC currently and wait until the selloff actually happens 🎆 BTC is currently at resistance...

MoneyBagTrading

Possible short on BTC, got rejected again at resistance and will probably make a move lower again

MoneyBagTrading

BINANCE:BTCUSDT We had a breakdown with a lot of liquidations and the market is now cooling off and ingesting what happened. I expect so see some chop before we reverse / continue so I setup 2 points of interest to open a trade Share your thoughts and follow for more trading analysis

MoneyBagTrading Updated 

Welcome to the first episode of our weekly BTC analysis, where we carefully examine the market to identify the most likely setup that could unfold. Over the past few weeks, the market has been confined within a tight range, with prices fluctuating between 31,500 and 29,500. Despite several attempts to break out on both the upside and downside, none have been...

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Last week I talked about BTC breaking down towards 28K although this did not happen yet we are currently rejecting from the broken support now resistance at around 29.5 - 29.6K Like the white line on my chart we could prepare for another move down towards 28K if we don't reclaim this area If we however do reclaim and close above the 29.6K area at the end...

MoneyBagTrading Updated 

BTC is rejecting again from the LTF resistance zone @ 30 400

MoneyBagTrading Updated 

Based on the current trend, we are gradually approaching the midpoint, which seems to present a favorable opportunity for entering a long trade towards the resistance zone. It is worth noting that we haven't witnessed a retest of the midpoint as support yet, indicating potential buying interest in that area. By positioning our entry just below the midpoint, we...

MoneyBagTrading

BINANCE:BTCUSDT Bitcoin is currently bouncing up but I won't jump into trades now because I think bitcoin is in a weird spot right now. I think we can definitely see a drop back down to the 2021 yearly support of 32 - 29k This is the place I would long. I would place a stoploss below 29k incase we break the yearly support and take profits in the range midpoint...

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I'm going to short DOT in this setup. We saw some explosive growth this day and we hit our previous resistance zone. The RSI indicator is indicating a top So I think this is a safe bet with low risk I will place a SL at 28.3 and TP at around 25.72 and also move my SL lower if the trade goes in profit

MoneyBagTrading Updated 

This is the stetup I'm going with for Solana in the coming days The RSI is at overbought at the moment so I think it's possible to see a pullback towards the lower support again. I will enter a position there. I think we could see a bounce back from there and at the top of the box I will close my position. I don't think we are going to see a big run up in the...

MoneyBagTrading

BINANCE:BTCUSDT Bitcoin has been holding the 47k support zone nicely, I think we will stay in this range for a while and I'm planning on opening a long at around 47500 - 47800$ and sell at around 51000$. ENTRY 47500 - 47800$ SL 46600$ TP 51000$ Risk/Reward ratio 3 2% loss if SL is hit 7% gain if TP is hit

MoneyBagTrading

BINANCE:AVAXUSDT Today got back to analyzing some AVAX trade setups. I added the Long and Short entry points that are of my interest. I think we are done with dropping lower for now and will start trading sideways for the rest of the month before making another move upwards. We could be in for a few boring weeks in the market but this is a good chance to...

MoneyBagTrading

I'm going to long DOT from here It retraced all the way back to the 0.618 fib level. A strong support zone and I think we could see an upward reaction from here. Leave your thoughts in the comments and follow me for more analysis

MoneyBagTrading

COINBASE:CROUSDT Hello everyone today I'm looking at the price of CRO, Since hitting a top at around 0.95$ we have been going back to the downside. In a previous idea I showed you an idea that we would hold the 0.66 - 0.7 support zone that played out fine until the entire crypto market crashed yesterday. So far we rebounded after hitting a low of 0.48$. I...