Trading_Cipher

Trading_Cipher

Looks like we are getting long-awaited retracement on Bitcoin...I will be very happy to add to my position at around $36K to $36.5K, a good confluence zone based on SR flip and FIB ratio. I am not sure how this is going to play out, but I think a break of that trendline will give more confidence to bulls. If I get my positions filled at $36K, I will be looking...

Trading_Cipher

So, The market continues to look strong, great rally with 10 daily green candles, and yesterday's 11th closed as red, a bit of hesitation but still no strong selling. Bitcoin is clearly trading above previous resistance which is a good sign, but the important thing is to clear 200DMA. I am not worried too much about the downtrend line as the market can still...

Trading_Cipher

Hello traders So after getting into a small position at around $32,300, I am still waiting for the pull back, but I am not going to FOMO here, I will still wait for the pull back or if we continue to consolidate above $40K then we will have no option but to long for the target of $50K Market is still not above $200MA and hence I am still not calling out we have...

Trading_Cipher

**Welcome to daily Bitcoin analysis** Alright so Amazon accepting crypto news has helped Bitcoin surge to $40K, on Binance futures it even spiked to $48K. I personally have a small position open from $32,300 and I was waiting for some pullback that didn't happen, and it's usually the case with bitcoin. You always don't get what you want. I am still in no rush...

Trading_Cipher

**Welcome to daily Bitcoin analysis** Wow, what a move on Bitcoin this morning, that daily RSI breakout meant something didn't it. I was waiting for a retest of $33K to add more to my position, but that's how Bitcoin works, it surprises everyone. Look at the linked idea published last month, I was expecting a short squeeze for a while now but it took a lot of...

Trading_Cipher

** Welcome to daily Bitcoin analysis** So after a nice big move on 21st July followed by good 3 days of green closes and a breakout of $33K level. I am leaning short term bullish on this. I have one order filled at $32.3K and now I am waiting to add more on the retest of $33.2K, I will keep my SL below 22nd July daily low. Another bullish sign is RSI structure...

Trading_Cipher

**Welcome to daily Bitcoin review** So no follow up buys after big $btc green candle, maybe bulls waiting for some retracement I have always seen these sudden news based pumps die down but let's see how it works out in next couple of days. Btc is clearly under resistance, so no need to celebrate anything yet For me bullish scenario is flip $33.2K resistance...

Trading_Cipher

So we now have three taps of daily demand and prices reacted really well, we have a nice bounce across the board, seen better than average volume on Bitcoin yesterday. Yesterdays B-word event seems to be a good catalyst to reverse things here. I am looking at 2 scenarios: Scenario 1: Bitcoin pulls back here and I will be a buyer with SL below yesterday...

Trading_Cipher

***Hello crypto fam , I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇 So yesterday Bitcoin closed below $30K and as of writing this, we can see some bounce on 4hr chart but don't celebrate yet, let's wait for daily close to think about creating a position. Personally, if it produces a bullish engulfing candle then we can definitely think...

Trading_Cipher

***Hello crypto fam, I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇 I was sick for the past few days so could not post any charts. As mentioned in my last post, I am not comfortable with this Bitcoin long until we get a close above $36.500. Bitcoin is still looking weak and showing a lack of demand. I will not try to catch the bottom, I...

Trading_Cipher

***Hello crypto fam , I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇 As mentioned yesterday, it's still choppy, still lack liquidity. The less you trade in this kind of situation the better it is for your portfolio. I am still long from $32K level, and probably I'll let it run until it hit my SL. We can not rule out another leg...

Trading_Cipher

***Hello crypto fam , I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇 As mentioned in my last post, I am not comfortable with this Bitcoin long until we get a close above $36.500. The good sign is the sell-offs are getting absorbed well. This part of the cycle is going to be boring and choppy. My only advice is don't overtrade in this...

Trading_Cipher

***Hello crypto fam, I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇 I would really like to say Bitcoin is looking good, amazing, and ready to rock and roll, BUT BUT BUT...let's hold our horses, and let's be honest here, if you ask me, and unlike other influencers, I am not gonna paint some fancy picture depicting $45K, $60K bitcoin by...

Trading_Cipher Updated 

Is this how you would draw inverse Adam and Eve on Ethereum?

Trading_Cipher

***Hello crypto fam, I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇 There is still no clear direction from Bitcoin since the 19th may Capitulation wick. The bulls and Bears are equally poised at the moment. We need a clear break on either side to decide, but for now, from the last 12 days there are only 4 red candles, so it looks sellers...

Trading_Cipher

***Hello crypto fam , I do daily Bitcoin / Ethereum review here*** Let's look at #Ethereum 🧵👇 As I said in my yday's idea, bulls might get exhausted into daily resistance zone, and it looks like it did. We have the clear rejection of resistance zone, and daily candle closed as bearish engulfing. so what's next? well looking at 4hr chart, I believe 2030 to 2075...

Trading_Cipher

***Hello crypto fam, I do daily Bitcoin / Ethereum review here*** Let's look at #Bitcoin 🧵👇 Not very promising close on Bitcoin yesterday, this is not what we were expecting, definitely showing a lack of demand at the moment. I would really like to see prices hold above $32.5K to $32K area, bulls need to show up here. $33,200 should provide good support on a 4h...

Trading_Cipher

***Welcome crypto community, I do daily Bitcoin / Ethereum review here, please follow, like, provide your feedback. Also if you have other chart requests please let me know*** As we concluded in the last couple of posts, it's important for Eth to cross above ~2200 resistance area. Chart and levels are pretty clear, Etherum showed a lot of strength going into...