TorosCrypto

TorosCrypto

Interesting look at the comparison between BTC and Gold - #Gold weekly time frame scaled down to match bitcoin daily time frame

TorosCrypto

$LTC back to the best demand line out there. Every time it hits it makes money!! Prime example of why BTC pairs are the best indicator out there even when you're trading in USD value on futures

TorosCrypto

1INCH, enjoying trading this atm. Big swings, careful using high leverage... It could easily end up getting rug pulled

TorosCrypto

$BTC Dominance at a critical level here. Close below the monthly at 71% and I'd expect it to fall to 65% or lower in Q1 2021. Currently bouncing off 71% now. If this level can hold then I'm afraid alts will have to wait longer and for BTCD to top out around 75%

TorosCrypto

The perfect trade to stop / liquidate early shorts and create a bull trap. Lot's of confluence in this area. Looking to swing short if the market can get up there 1-1 extension top of macro channel Gartley target macro linear 786 macro log 886 All within a $200 zone around 16520

TorosCrypto

Self explanatory. Also 1-1 extension and top of major log channel (see next post)

TorosCrypto

Whatevs

TorosCrypto Updated 

I have been preparing two strategies today for the inevitable break up or down from the ascending triangle and rising support. I am short on this hourly candle after seeing signs that momentum is breaking down. In the event of this being a fakeout I set a very tight stop loss at the previous hourly high and have a second strategy in place in order to go long as...

TorosCrypto

ONT has been in freefall for quite some time but it looks to have finally completed it's selling here with the MacD reaching it's bottom and crossing over at last. The weekly chart also saw ONT as one of the most oversold currencies in the whole market and the daily RSI remains low. The daily and weekly 9 in conjunction should give this a strong bounce as long as...

TorosCrypto

EOS is looking good here, a clear descending wedge. Last time I saw a wedge this defined on the daily was ZRX back in March and that gave us 400% profit. MacD and RSI are on the floor, MacD looking particularly good. A nice bounce off the 0.786 which coincides with clear and long term rising support But... beware of the incoming death cross of the 50 and 200 day...

TorosCrypto

Price and MACD are coiling in and look set to break out before the day is done. The bulls grip is weakening slightly but 10k is in sight if the price can rise out of the triangle. Current moving daily SMAs are lining up perfectly along the big evens of 8k (50 day) 9k (100 day) and 10k (200 day). I believe the direction of movement out of the triangle will setup...

TorosCrypto

The 4h is playing a key role in this latest price action. It's often one of the most reliable timeframes especially with the moving averages and TD9. We have support of the 50ma after seeing resistance on the 100ma previously. We also had a 9 count which often gives a very strong bounce on the 4 hour charts. In addition to this we have an extra support at the...

TorosCrypto Updated 

0x looks as though it could be set to break out from my buy levels in this area. MACD cross incoming and RSI looks ready to turn back up.

TorosCrypto Updated 

I'm by no means bullish on BTC right now however I'm not bearish after the recent dip either. In times like these I look back to our last big scare, this was in September, we had a deep correction followed by a fairly swift recovery. We then had a rejection at the downtrend which caused a mini crash and started to get a lot of people calling for a correction to...

TorosCrypto Updated 

So BTC is trying desperately hard to keep the uptrend from 6k alive. This is steeper than our previous run from 6k to 12k so it's going to be very difficult to keep this going with strong resistance above us. We're constantly wedging and falling to lower support levels but managing to stay away from the 6k trend (GREEN LINE) Our long term downtrend has been...

TorosCrypto

Chart tells the story.

TorosCrypto

I'm liking the look of the recovery at the moment but when I am feeling confident I will ALWAYS check to see how things can turn against me. Likewise when I am feeling bearish I will always be looking for when things can reverse. This helps to prevent you from getting blinded by emotion. Always see both sides of the story. We have an interesting pattern here...

TorosCrypto

Here is the BTC chart from todays livestream, nothing significant that I haven't mentioned before but we bounced at an even of 6000 and out last support line from 2017. Currently struggling to get above the 50 hour ma for a bounce but if we finish today as a green candle then there could be at least a few days worth of a recovery.