Something I recently discovered. If you invert the current timeframe it looks pretty similar to the long consolidation range we had from april to mid-july in 2020. Of course, could just be a coincidence, but the steps are almost identical. With the breakdown we had today, the chances for Bitcoin to drop lower have increased a lot. Only chance would be a strong...
I often say "one trendline is enough", and it truly is. When it comes to Serum we have this obvious trendline, that acts as resistance for some time now. I think Serum could go lower from here, but predicting a bottom is impossible for me, since it's a relatively new asset, so not much data on hand. Anyway, would be smart to wait for Bitcoin to bottom out. Safebet...
BNC:BLX Looking at the quarterly chart we see the best performing asset in the world known to mankind. Monthly ranges have proven that they are rock solid support levels time after time. The 13.9k level seems to be THE god entry Bitcoin. Not saying we will get there. But IF we get there, I am 100% sure we are going to see a massive bull market with +100k...
BINANCE:DOTUSD Think the green zone provides decent entries for a swing long for Polkadot. That's the idea. Trying to keep it as short as possible and concentrate on Bitcoin for deeper analysis. Be patient and stay safe.
BINANCE:VETUSDT Think this trendline could give us the answer coming days. I still believe that Bitcoin won't hold it's ground and we will see another drop to 24-26k, which would perfectly fit my view on VET - But there is no such thing as a perfect entry in crypto, so I would wait and see how the market reacts when/if reches the trendline. However, this would...
COINBASE:AAVEUSD Looking to short into weekly support at ~200, waiting for retest of ~280, which would be my trigger. No trigger = no trade.
BITSTAMP:BTCUSD I know, everyone is talking about this range. Unexperienced traders who are trying to daytrade this will blow up their accounts. Guaranteed. If they haven't already. In 2018 we dropped around ~54% from the 20k level and Bitcoin was range-bound for about a month, before it continued to drop another ~40%. In hindsight it was obvious one would...
Solana clearly retested the monthly level and showed almost no signs of strength. With Bitcoin being that weak I expect a deeper correction to 24$ or lower.
Solana clearly retested the monthly level and showed almost no signs of strength. With Bitcoin being that weak I expect a deeper correction to 24$ or lower.
BINANCE:TOMOUSDT Entry: 2.4 SL: 2.7 Target: 1.5 R/R: 3.67 1R: 1%
BITSTAMP:ETHUSD Think we will see a decent bounce off the monthly range (the level at which a month opens into the next one; in crypto mostly at the same level) around 1100$. From here it becomes guessing. If we take out ~2800$ and see a decent weekly close above it, we might go higher and the rallye continues. If we however drop below 1100$ again (after the...