ETH/USD: Short Position; updateRight now, Ethereum continue dumping. Ethereum doesn't hit my sell order limit at $3,230 USD by Daily timeframe. But my Daily analysis will be replace for H4 timeframe as we look a bearish continuation in H4 timeframe. I look that it's leading down to $2,760 USD, my point to take profit
Trade Information:
1. Position: Short
2. Entry Price: $3,111 USD
3. Stop Loss: $3,220 USD
4. Target Profit: $2,760 USD
5. Risk/Benefit: 1:3.
6. Contracts: 1.35 ETH
It's excellent the proportion risk/benefit. This will be my latest short position always I reach 25% of this month. I had accumulated 21% in my trades.
Bearishsetup
It's the time to sell Ethereum here!!!I look in Daily timeframe the following
1. Price action show us that bears are taking control in this bear trend.
2. Ethereum make higher lower in the price
3. We look like resistance in that diagonal downtrend that forming a bullish rising wedge, and now it's work like resistance in that key zone.
4. Ethereum may to find down a level $2,780 USD.
5. And this point it's very important. if Ethereum continue showing a bearish structure and break down the zone of $2,780 USD, Ethereum could to entry in the sell-off and bears will raise the control over this trend.
Now, that it's my 5 key point that I look in Ethereum. Also guys, I like to trade much Bitcoin & Ethereum, as these main cryptocurrencies, they've a lot volume by trades. Sometimes, I can to trade another coins like Cardano, XRP, Chainlink, Polkadot. But most of it, I usually trade more Bitcoin & Etheerum than another altcoin. But yes, sometimes I can to trade Cardano, XRP. Chainlink, Polkadot or anothers.
BTC/USD: Short Position toward $40,600 USDIn H4 it's look bearish like H8 timeframe
MACD it's showing us sell inminent in this cross-over
I shorting Bitcoin with the SL at $48,650 USD in the live price at $46,200 USD approx. And my target toward $40,600 USD. Only shorting with 0.07 BTC contracts.
Good Luck!!!
ETH/USD: Bearish Channel Etherereum could to forming a bearish channel in H4 timeframe, that perspective could be bearish for Ethereum as Ethereum price it's around of $3,780 USD approx. Now, in the live market, we look a bearish rising wedge in H4 timeframe. Now, if you going in H8 timeframe. There's a track to knowt that we are going to drop based in the price action analysis and move down toward $3,380 USD approx.
So, I'm in short and I thinking today to entry in short position in Ethereum in H4 timeframe.
Bitcoin: What Scenario there in the chart?Bitcoin it's in the middle of this structure and price turn around $47,500 USD. Now, I believe that Bitcoin could to drop around $42k key possible level to confirm this level like support. But, we can't to say it. But in case that Bitcoin break the $42k, bears will go to crash the Bitcoin price toward previously level at 30k approximately. Also, another hypothesis that I put here it's that in weekly timeframe we look a formation of bearish pattern like double top and that will be a bear signal that bull rally just stopped at 68k (new higher price)
But in any case, we should be prepare for this both scenarios. But in me, I'm bearish in cryptocurrencies and Bitcoin. But I consider this analysis like neutral.
HBI ShortThe "falling three methods" is a bearish, five-candle continuation pattern that signals an interruption, but not a reversal, of the current downtrend. I would short below the yellow trend line support on a break and close of it with a 1 hour candle and with a stop loss just above the trend line. There was huge red volume spike and oscillators are looking bearish trading below the zero line. The next candle in the formation should be a red candle breaking down below the trend line or of the last candle . It could bounce off that trend line So be careful and use a stop loss and wait for confirmation of a breakdown of the trend line
BTC/USD: Daily perspectiveBitcoin forming a bearish rising wedge and this it's considered bearish signal in the Daily perspective.
You will be carefully if you put long in Bitcoin. We could to drop to $52,878 USD to the key support level.
I see this bearish perspective in the next days for Bitcoin price.
ADA/USD: Fall bull structureCardano it's look with a bearish perspective in H4 timeframe. We form a 2nd higher low (HL). And a lower low (LL). So, based in this analysis, Cardano could to crashing toward $1.56 USD approx. EMA 200 it's making resistance above of the price. So, we hope that Cardano continue crashing the price.
Now, I make the following, I put my sell order limit at $1.99 USD exactly price to sell limit until $1.57 USD approx. And my SL at $2.13 USD.
We''re going to short now!!!
BTC/USD: Bitcoin toward $38,100 USDi'm shorting Bitcoin now as Bitcoin it's look in the bearish trend now!!! I entry around of $42,134 USD and I put my SL at $44,150 USD and also my target toward $38,100 USD.
This it's my Daily timeframe perspective how I look Bitcoin toward in this bearish trend in H4 timeframe.
In the past days, I post an analysis toward the 2 support level to watch in Bitcoin that maybe my idea was clearly as in Daily timeframe Bitcoin its looking with the possible bearish structure.
2 support level to watch in BitcoinI update my background and trading strategy. I do not going to use EMA 21 and 50 for cryptocurrencies. I will use EMA 200, applying the support and resistance, because I believe that I'm good identify this basic concepts. And also, I change my RSI and MACD strategy too. I change everyall in my trading day to day to become my trading more advanced and modern.
So, we look in Daily timeframe that there's not a lot volume that BItcoin continue climb. But now, we look one thing. This diagonal resistance that I mark since April 2021 when Bitcoin reach near of $64,000 USD. That it's not neccesary a bearish signal, but as Bitcoin broke up this big diagonal ressitance when after of April 2021 Bitcoin crash toward $30k levels, Bitcoin could to continue in this bull trend. Now, MACD it's look and make a higher lover in the yellow indicator. Now, depending how the Hourly timeframe will move the demand and supply, we could to get more information in these timeframes if we would to short Bitcoin.
But in some minutes, I will going to analyze the H4 timeframe. This it's just my Daily perspective in the market!!!
If you like my new analysis, please hand up and share this analyzis with others traders in cryptocurrencies.
Elliott Wave Analysis: Crypto Market Is Looking For Another DropHello traders and investors!
Crypto market made sharp and impulsive decline from the highs after a completed 5th wave as we have been warning about in the last couple of months. So, we ideally see it as part of the first leg "a"/"i", which means that current rally should be as part of an (a)-(b)-(c) correction in wave "b"/"ii" that can find the resistance here around 61,8% - 78,6% Fibonacci retracement and from where we can expect a continuation lower within wave "c" or maybe even wave "iii".
Be humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
ADA/USD: Short position!!!Cardano it's look bearish in H4 timeframe and also in H2 timeframe. My main enfocous it's in H4 timeframe.
I short Cardano toward $1.90 USD and I put the SL at $2.72 USD. My entry price was around $2.50 USD
Now, the market structure it's becoming more bearish in Cardano and we could to entry to short position now!!!
Good luck!!!
Yesterday, I made an analysis in H1 timeframe and hit my SL, but I believe that in based my trading strategy for this market cryptocurrency. I like to trade in based the H4 timeframe.
Bitcoin in possible crash!!!In Daily panoramic, I just want to share my idea, becuase the things on cryptocurrency are putting now in risk that crypto-market and the main cryptoucrrency Bitcoin could to down to $30,000 USD again. It's not neccesary a bear market, did you know, this could be a re-accumulation for 2022 or bear market as I said above.
This it's just my idea!!! I'm bearish in Bitcoin!!!
ADA/USD: Big Warning!!! Cardano will drop!!!In the inmediately update, I will going to closed up my long position of yesterday, the H1 timeframe it's look with extremely bearish perspective that put in cryptocurrencies in risk.
So, it's very easily. we are going to shorting cryptocurrency now!!!
So, I put my SL at $2.56 USD and I entry around of $2.39 USD, My profit it's $2 dollar. This it's all. We're going to downtrend now!!!
In exact, to make a notice, I bought XRP too to hold, I do not going to sell any cryptocurrency, Just I keep making trading as I know very well that by long term, cryptoucrrencies will explode and make adoption, early or late.
Good luck!!!
Bitcoin may to fall!!! BewareToday, Bitcoin drop from $52,300 USD approximately and leave down to $$43,000 USD, and now the price it's around of $46,600 USD. Now, this Daily candlestick drop over 17%, and that it's a large percentage for not consider a bull trend. For that, Bitcoin could to fall and go back to zones of $30k as I mark in weekly timeframe, this candlestick it's very important to know, if Bitcoin continue down in the next days until get the information on Sunday at 12:00 a.m., we could to take deciison if Bitcoin by weekly timeframe will go to down more. But now, the Daily candlestick it's look a bullish rejection and we could to form a second higher looking the price action. Now, I invite you to look down my perspective in weekly timeframe.
This perspective could to happen!!!
Now, I may to say that the market it's not bearish and bullish, it's put the market in neutral as we would needto know the another short timeframes to get best information.
BNB/USD: simetric triangle;break outBinance Coin break out this simetric triangle and formed a possible nice correction to short BNB toward $424 USD. Maybe, it's a good idea to short cryptocurrencies.
I hope this scenario in Daily timeframe. as you look, we closed up with a bearish candlestick, this it's a clear correction in this cryptocurrency and investor want to leading BNB down to find up best zone to buy. For that, you must to prepare to open up short.
I put my sell order limit at $467 USD and SL at $487 and target at $424. This it's a risk/benefit: 1:2. It's a good proportion to get nice profit.
***This it's my update today*** And for that, I find up this nice short position in BNB
BTC/USD: descending triangleIn this timeframe, there's a sell inminent in the Bitcoin price that we would need to hope and using the H2 timeframe to analyze better and entry in favor in this timeframe.
This it's the H8 timeframe that you can to see better this timeframe!!!
So, I predict that Bitcoin it's clearfully bearish and we could to drop 7% approximatey toward the best level of $42k to buy!!!
So, the sight it's look bearish in cryptocurrency for now. But remember, as we climbing in the past days, Bitcoin need to form short cycle to retrocement and then, climb with more impulse and power.
So, still alert. And also, My Chainlink long position was cosed up manually as bearish candlestick in H4 timeframe it's show us sell now and then, this it's so consequence that cryptocurrency need to find down best buy zones.
If you like this analysis, you can to view my recently Daily Analyss perspective in my Bitcoin forecast below!!!!
AUD/USD: 0.382% sell entryAussie it's look bearish and for 2 occasion it's make a confluence of 0.382% of Fibonacci to continue sell.
This it's the H4 timeframe and we broke down this bearish channel. For that, I put a short position in the $0.7340 USD with the SL at $0.7364 USD (24 pips) and target at $0.7244 USD (over 70 pips)