apexcryptotraders

apexcryptotraders

BTC is currently in a consolidating stage with little momentum and I believe BTC is still bearish as per my current position in the previous post below: We have just entered into a month(June) where BTC had been bearish for the past 3 years however my TA is showing some signs that it will bounce at the 24k price region as circled in green with 2 major...

apexcryptotraders

The Crypto Market showed signs of recovery since the start of the new year 2023. My overall bias is still BEARISH and will only flip if BTC price could hold above 35k for some time. BTC price currently sitting at a huge Supply/Demand Zone (RED Rectangle) coming way back from Jan '21. I will always look for entry confirmation before entering any trades but the...

apexcryptotraders Updated 

We are still in a secular bear market, the weekly still in a clear downtrend. Thus it is always favorable to short the market as it brings a higher probability of success. 3 KEY RESISTANCE LEVELS to monitor closely. 1. 24.276k: Resistance from the most recent high, also coming from a huge Supply/Demand Zone (GREY Rectangle) from Dec 20. 2. 24.886k: Resistance...

apexcryptotraders

Yes, quiet markets are boring, but there is a very high chance the next move is HUGE. This is where some traders stop trading, wait for the next big move to initiate only to FOMO and be late to the party. If this is you, stop doing that and read this post. 1. Markets don't last forever. Once the market breaks into a trend, emotions are triggered and volatility...

apexcryptotraders Updated 

Nothing has changed for BTC, still sideways and no clear direction. This market by itself is a very HUGE OPPORTUNITY to make good trades if understood well. My fakeout strategy was triggered after a confirmation close below the yellow line indicating the breakout failed. However, a retest was not present for my entry to go through. This indicates the market is...

apexcryptotraders Updated 

In my previous idea post I mentioned the Support Confluence (circled in ORANGE at 22.7k) that has to hold for BTC to get a nice bounce. Price broke that and my bias started to turn bearish and I have been shorting since. At the time of post, BTC reacting against 2 major Support Confluence (17.7k) circled in GREEN. 1. Order Block (GREEN rectangle) that broke Dec...

apexcryptotraders Updated 

At the time of post, BTC just broke above Resistance at 20.2k and can we see it go to higher prices of around 21.3k and 22.1k? Is there a manipulation here? I would say very likely since it is the public holiday in US (Independence Day) and the volume verifies this in the 4H timeframe. There is no significant volume spike during the breakout thus it is very...

apexcryptotraders Updated 

It looks like a textbook Bullish Reversal with this Inverted Head and Shoulders (IHnS) pattern but be very careful as the VOLUME seems very weak, and the average volume is gradually decreasing. Usually, with breakouts like this, we expect a high volume spike to confirm the move and this looks like MANIPULATION in my opinion. The manipulation strategy we use goes...

apexcryptotraders Updated 

I have specified in my previous idea post how the SPX (S&P500) is correlated to BTC and I am sure it will remain positively correlated for as long as Fear & Greed Index remains in Extreme Fear/Despair. Previous post in 20th May The objective achieved, double bottom/ "W" pattern formed and neckline broken. This indicates a BULLISH REVERSAL and we may see more...

apexcryptotraders

Approaching a new Support for BTC (22.7k - 23.2k), 2 confluence here. 1. Horizontal Support from Dec '20 with a tighter stop using the 4H timeframe. 2. Downtrend Channel extended from the Highs to the lower Highs. We are currently at good TP Area for those in short positions. Price at time of post is at 23.2k. Opening a new long position is not advisable yet...

apexcryptotraders

Continuation to my previous idea post on 27th May Longing ALTS now is very attractive if we are only to trade based on BTC.D. Unfortunately, 1. BTC still trending sideways and is currently at a local resistance (31.5k at time of post). 2. ALTS are also facing the resistance barriers (eg: ETH 1875, LINKUST 9 and etc.) If the first few hourly candles are green...

apexcryptotraders Updated 

We are now back to May price range between, 28.65k - 30.65k. New information now and multiple confluence acting as support (GREEN circles) now: 1. Support from horizontal channel in May '22. 2. Descending channel support since April '22. 3. Order block (a little advanced but this is how the smart money trade) from previous triangle break. Multiple confluence...

apexcryptotraders Updated 

Looks like BTC.D is heading higher this week to somewhere around 47.72%. If this happens, I think BTC will outperform ALTS because if we are to really see a move up, its probably and almost definitely gonna start with BTC. So things to keep in mind IF you are longing ALTS. A little advice, you might wanna get some additional confluence with BTC pair. Eg:...

apexcryptotraders Updated 

I have done TA for BTC .D quite a number of times and this is why I give so much EMPHASIS on it. The logic here is simple, BTC.D goes up means people are willing to swap or sell ALTS for BTC . and vice versa. Have you heard of traders saying "Trade with the trend?", "Trend is your friend?" The concept here is the same with BTC .D but the message is different....

apexcryptotraders Updated 

We are approaching a key support area (bottom of horizontal channel in yellow). In order for the rally to come, BTC MUST HOLD 28.8k where I have mentioned this many times as per my previous idea posts. earlier this month and here more than a week ago I am NOT SAYING THE RALLY WILL COME but high chances it will. Why? 1. we have been down for quite some...

apexcryptotraders Updated 

Monthly close in less than 24hours, volatility is expected like what's happening now. We have a nice upside move from the break of trendline I showed in my previous idea post so I am expecting a retracement and test of previous resistance which has now turned support. Now the price has reacted to a new resistance at 32k, having multiple confluence 1. 200EMA...

apexcryptotraders Updated 

when in fear, Bitcoin tends to follow the stock markets. We have seen the correlation between the 2 for the past weeks or months and this had been mentioned/posted many times before. Until we see a recovery from the S&P500 or other stock indices, BTC will remain at current levels as mentioned. 3854 is a key level to hold for S&P500 -bottom channel support from...

apexcryptotraders Updated 

3 things I would like to highlight today, each with a separate strategy of how I am trading my beliefs against this market. The red circle: This downtrend channel was formed in early April and we broke down on 9th May. Now the bottom of the channel is acting as a strong resistance that we have to break in order to see BTC getting that relief rally and I have...