cryptotraderog

cryptotraderog Updated 

CHAINLINK (LINKUSDT) is bouncing off of channel trendline support. This is the first test of the trendline support. If price reacts similarly to how price reacted when it tested channel trendline resistance, then price might go up to trendline resistance at $20. If price breaks trendline support @ $17, then price can quickly fall down to horizontal support @...

cryptotraderog

In yesterday's post, I was looking for Bitcoin to break up from the double bottom formation. While the price action was a bit messier than I would have liked, price did eventually break above the neckline and the 200MAs and had a nice rally. Price is now in horizontal consolidation between 34.4K and 34.7K, getting ready for a breakout. A break above 34.7K with...

cryptotraderog Updated 

Bitcoin is at a critical level on the 15Min timeframe. It is testing the 200MAs, and actually just got a pinbar candle (which is bearish). At the same time, it is putting in a W pattern double bottom (which is bullish), so right now bulls are battling the bears. If price can close above the neckline of the double bottom at 33.6K, and especially if price can close...

cryptotraderog

Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Polkadot (DOTUSDT) is forming a potential double bottom with the neckline at $16.50. If price breaks above $16.50 with strong volume , I will be looking to take...

cryptotraderog

Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. BinanceCoin (BNBUSDT) is forming a potential double bottom with the neckline at 305. If price breaks above 1. 40 with strong volume , I will be looking to take a...

cryptotraderog

Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Cardano (ADAUSDT) is forming a potential double bottom with the neckline at 1.40. If price breaks above 1.40 with strong volume, I will be looking to take a long...

cryptotraderog

Ethereum is testing the 200MAs on the 1H timeframe and holding, showing signs that price might bounce up from here. The only concern I have right now is that volume isnt very strong, so Im waiting for more volume to come in before putting in a long potential. Those who are more risk seeking could consider starting to scale in a small position here. The risk is...

cryptotraderog

Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin is forming a potential W pattern double bottom with the neckline at 34K. If price breaks above 34K with strong volume, I will be looking to put in a long...

cryptotraderog Updated 

Ethereum is forming a W-pattern double bottom pattern with the neckline at 2170. If price breaks and closes above 2170 with strong volume, then I will put in a long scalp trade. As we are testing this neckline right now, this buy signal could come at any minute. Of course, if we dont get the breakout, then this pattern is invalidated. Im waiting for confirmation...

cryptotraderog

On the 1H timeframe, Bitcoin has broken above the 200MAs and is now retesting it as potential support. If price forms a bullish reversal pattern along with strong volume, then I will enter into a long position. However, if price fails to bounce strongly here and actually closes below 33.5K, then price might fall down to the 61.8 Fib at 31.7K. Zooming in to the...

cryptotraderog Updated 

Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin is consolidating in an ascending triangle after the rally off of 28.8K, if we get a break and close above 35.5K with strong volume, price is likely to...

cryptotraderog

Bitcoin has been bullish since the bottom at 28.8K and we have been able to take advantage of the bullish action by longing on breakout confirmation as shared in previous posts: 1. ascending triangle breakout at 32K with target at 33.5K 2. Consolidation breakout at 33.5K with target at 35.5K And now we have another consolidation breakout with target at 37K. Im...

cryptotraderog

TLDR: Watch out for a close above 33.5K to continue bullish, failure to do so in next few hours will be bearish. In yesterday's post (linked in related ideas below), I was looking to long upon a break of 32K with a target of 33.5K, where I have taken profits on a part of my position. This target has now been met, and the question now is what is next. Looking at...

cryptotraderog Updated 

Bitcoin is potentially forming a W pattern double bottom with the neckline at 32K. We need to wait for price to break above 32K with strong volume to confirm that this indeed a double bottom. If price breaks below 30.5K or goes sideways for a while, then this double bottom would be invalidated. I will update if we get a breakout. Hi guys, this is OG back with...

cryptotraderog

Hi guys, this is OG back with another market update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. In my last post on the S&P 500 (in related ideas below), I noted that the S&P500 index was testing trendline support after failing to make a new All Time High...

cryptotraderog

Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. We are seeing another, larger inverse head and shoulders pattern on Bitcoin with the neckline at 34.2K, which price broke above, and gives us a technical...

cryptotraderog Updated 

Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. In yesterday's post (linked below), I was tracking Bitcoin as it broke 30K and I said to be on the lookout for a fake breakdown, which is exactly what...

cryptotraderog Updated 

Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. After a huge run-up that have made millionaires and caused many bankruptcies, DOGECOIN seems to be forming a head and shoulders pattern on the daily...