cryptotutor

cryptotutor

KORE Green solid lines are the targets. Red line is the SL Green underbroken lines defines the buyzone

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ETH could reverse around the current price level, leading to a large breakout.

cryptotutor Updated 

No need to make it hard. Give it a few weeks, it will go up.

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BTCUSD might follow the cyan line (projection). This projection is based on the possible H&S pattern, major trendlines the Elliott Wave Theory and strong (psychological) support and resistance zones.

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Several scenarios possible. The price is currently in a descending channel (in purple). BTC needs buying power to break out of the descending channel, the major downward sloping trendline (in red) and resistance around $4000. Likely, are we going to see action in the next 24H. IF it manages to do this, for those in USDT, early entry would be between 4031 and...

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Pullback expected.

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The price is currently at a crucial point, namely at the edge of the rising wedge. There is a heavy fight going on at this point between the Bulls and the bears, as you can see on the Inverted Hammed candlestick (bullish, reversal candle) and the Shooting star candle (bearish, reversal candle). Bulls buying up the price, as they think the price might bounce from...

cryptotutor Updated 

SRSI looking up, up movement not done yet. Huge potential on the mid-term.

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Possible inverse H&S pattern in NEOBTC. For uptrend confirmation, we need to observe when the formation of the pattern has completed.

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It looks like ETHBTC is slowly accumulating and on its way to test resistance. If it's able to go through resistance, we might see a breakout. However, all Stoch RSI's on 1H/2H/3H/4H/1D are overbought, so, therefore, it looks like we're going to retest the upsloping trendline with a higher low first.

cryptotutor Updated 

A pennant seems to be formed in LBCBTC. Further breakout is possible when pennant breaks to the upside (mind the oversold STOCH RSI). However, when pennant breaks to the downside, price may fall to around 13.7 - 14k, assuming it will bounce on the larger triangle we can see when zooming out on LBCBTC.

cryptotutor Updated 

For now, EMA 20 as support and EMA 200 as resistance. If support and yellow trend line breaks, support around 2489 might catch BTCUSD. IF resistance breaks, however, we might accelerate to the green rectangle. From there, 2609 will be the trigger for breakout. IF this happens, I will analyze alts, which will follow BTCUSD, and provide entries on Twitter. Also,...

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LBCBTC may trigger soon. But it depends on BTCUSD, therefore all eyes on BTCUSD. When BTCUSD triggers, LBCBTC will also trigger.

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We have had a higher low, higher high, higher low, so next step would be higher high, which will be a breakout.

cryptotutor Updated 

It looks like BTCUSD is trying to crawl out of the triangle. STOCH RSI looking up. Let's observe closely on what's exactly going on in here.

cryptotutor Updated 

If it passed the purple line, it will accelerate to the green one.

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BTCUSD Using trend lines (red/green) and two lines acting as possible support (purple), I tried to draw a possible pathway BTC could go the coming days/weeks. For the long term, I'm bullish (the thick green upward sloping trend line). However, until the beginning of August, we may have a bear in Bull's cloth/Dead Cat Bounce. Therefore, investing in altcoins is...

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BTCUSD shows a descending triangle. Taking positions in altcoins is risky as we might have a bear in bull's cloth. We have a strong support around 2513. If it breaks, the other support, around 2318, will be our B plan.