Bitcoin - Time to buy again!When I was looking at the Bitcoin chart on the one-hour time frame, I noticed an ascending triangle which I have shown on the chart. Additionally, Bitcoin is currently in an ascending channel. Each of these can be a strong signal, but before we get excited, let's wait for the triangle to break. Otherwise, we cannot say that Bitcoin is bullish.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoinn
Bitcoin - Time to buy again!I was just waiting for the elections to be over. Now, it can be said that Bitcoin can reach $100,000 next year, and I believe in this. Technically, the price managed to break the megaphone, and this is confirmed when two or three candles close above this resistance. If this happens, you know better than I do what will happen next !!!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BINANCE:BTCUSDT
BITCOIN → Bullish Pressure !!!
As I mentioned in my previous analysis, Bitcoin experienced a good rise after breaking out of the wedge and is now near the top of the megaphone. Currently, it is in an ascending triangle, but we can't be sure about it yet. Additionally, on the MACD, we have a hidden bullish divergence, which alone is a bullish signal.
previous analysis
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$BTC Bitcoin...Transition 4m falling channel to head & ShouldersFrom my previous CRYPTOCAP:BTC bitcoin analysis, Bitcoin successfully retested the rising channel for higher prices.
Current Price: $69800
On closer observation, Bitcoin has further transitioned from a Falling Channel to now an inverse head and shoulder pattern with neckline resistance around $71,500
If Bitcoin is going to move to higher prices then price action need to break key resistance btw 71500-73000 to make All time highs up to 84k. This will cause altcoins to rally for higher prices.
Else if #Btc continues to reject $71500, then expect retest of previous support: 67k. Consequently altcoins will further lose value.
🔥 FTM Bull Flag Break OutSince the major drop that we saw last week, FTM has been steadily increasing in value. Yesterday's China news added fuel to the current move, and eventually lead to this break out.
As of this morning the upper trend line of the channel has been re-tested and caused a significant bounce, confirmation that the break out is legit.
Short-term target at $1.48, mid term target at $1.68. Both targets placed at recent local highs.
Happy trading!
🔥 BNB Small Pull-Back Before Bullish MoveAfter three green days for Bitcoin, I'm expecting a minor pull-back today. This pull-back will be an ideal time to buy some alts.
One of these alts is BNB. I'm expecting a pull-back into the green entry area, which will function as a support area.
The red strong support area will function as a bottom, in case we get another bearish move today and tomorrow. Not looking to buy here yet.
Always keep an eye on BTC when trading alts. Happy trading!
🔥 ADA Downward ChannelWith BTC dominance falling like a brick, alts are losing steam by the day. Lots of alts are displaying similar patterns, one of the more common ones is a bearish channel.
ADA has slowly but surely trading down in this bearish channel, showing no signs of a bullish reversal anytime soon. When trading alts, keep an eye out for BTC, since alts tend to follow BTC's every move.
Current target would be the bottom of the channel.
Happy trading!
🔥 MATIC Short Term ChannelOver the course of two weeks, MATIC has formed a small upward channel. Looking at the state of the market now, I'm expecting MATIC to resume its path upward inside the channel, potentially aiming for a new ATH in the near future.
Happy trading!
🔥 BNB Bearish Triangle Break-OutBNB has been overbought for quite a while now. Since it has reached $350, BNB has practically only seen bearish action. During this phase of consolidation, BNB has produced a nice bearish triangle. We're going to trade a break-out of the triangle's most extreme level.
Before entering this trade wait for the price to close below the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing lows and round numbers. Do your own due diligence.
Happy trading!
🔥 BEL In A Channel: Bullish OutlookBEL has been trading inside this beautiful channel for almost two months now. At the moment, the price is gravitating around the lower support of said channel, potentially loading up for another bullish reversal move. This trade is based around the idea that the current channel will hold.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥 Bitcoin Wedge Break-OutSince TESLA announced that they will be accepting Bitcoin in the future, Bitcoin has seen a strong bullish move upward. This move is likely caused by the hype created by the idea that other big (tech) companies will be incorporating Bitcoin as one of their methods of payment. I refer to my other idea for details.
Since then, the price has been forming a wedge. Up-sloping wedges are, according to theory, bearish patterns. Although bearish is nature, it's not always a bearish one. Today the price broke through the upper resistance with confidence, i.e. a big candle with strong price action. This leads me to believe that there is another strong bullish move on the horizon.
The potential targets for this trade are $55k and $60k, round numbers. Do your own due diligence.
Happy trading!
$ETH #ETHBTC Daily Technical Analysis - Day Trader ExplainsHello Lads and Ladies,
Welcome back to TJ's daily TA. Today the TA has been requested by the traders of School of Sparta, we are taking a look at ETHBTC on the exchange Bittrex to see if it a good point to buy right now or not. The equivalent to the Bittrex ETHBTC price would be on BitMex the contract ETHZ18.
Against BTC value ETH has just had the worst months ever and the question right now is, will Ethereum bounce or will it fall even more?
We will answer this question with an extensive technical analysis in the following. Using again, Horizontal support and resistance lines/zones, trend-lines, trend-angles as the main source of TA. Indicators are added at the end to confirm the findings.
Lets jump straight into it.
The first thing falls immediately in my eyes is that we have now finally found a pretty nice support zone, that we saw ETHBTC actually bounce from and not just have small bounce and then break down almost right after it.
Seeing this, makes finally sense to start any kind of TA.
After finally bouncing we have indicated a pretty strong buy-zone for ETHBTC. Within this buy-zone there have been multiple opportunities to LONG or BUY ETHBTC and sell it again with some nice small gains, especially with leverage.
The selling points are basically throughout valid and are in the form of a horizontal support, indicated here with the dotted lines.
Now, continuing to surprisingly very few trend-lines and trend angles especially on such a "big" coin. The lack of possible and obvious repeating trend angles indicates a lack of "staying" traders. It is more an indication that people hop in and out of it to make "a quick buck" which is not wrong, especially when we have such an obvious and strong "rinse and repeat" trading zone for it. I am teaching about rinse-repeat trades on our group of course, where and how to find it. Anyhow, the only very obvious trend-angle I was able to find was an downtrend which is actually valid since multiple months (indicated with the big red downtrend line). Everything has been bouncing up to it and then getting rejected. Now, we are in a position where we are very near to the downtrend resistance line YET not because of bounce but because of a sideway movement. Normally, (as we also see with a lot of coins) this boy should have crashed way before but is has not and it is going sideways, while staying at the same support buy-zone and just waiting for a move. This is what you normally would call "ACCUMULATION"..
How does this accumulation work?
Well, taking a look to many other markets, this type of price movement ends when the accumulating capital is "gone" (in the coin) and then everyone who has been accumulating starts pushing it. There you most likely see an impulse move upwards, followed by a small take-profit movement by the accumulators and then the next big impulse move by FOMOers and new people gaining attention to it.
HERE comes a very interesting fact into consideration.. the flat price but constantly rising RSI from below 20 points all the way up to 50 points and even above. THIS is what you would normally call a bullish divergence, which then again is also and indication for a soon impulse move.
BUT FOMO is showing sell and StochRSI is going down, why do you want to long?
I would say, be happy that it is going down a little so you can fill your nice entry orders and then thank me later. Just because indicators are going down, you have to know in what case it is only for filling your orders and in what case it is actually trending down. In this case we have not a trend down but rather a hidden trend upwards.
Is it already over will it moon NOW?
Most likely not. Give it a few days and then lets see where the price is then.. as long as Bitcoin is not having another bigger move down, we will have a nice push on all coins upwards.
So based on the TA above I am making a trade call of
ETHBTC / ETHZ18
LONG (max 10x)
Staggers - 3125 - 3100 - 3050 3015
Targets - 3215 - 3333 - 3600 - 4000
Stop Loss 2950
Long term and low leverage would be 5350 a good target.
Should Stop Loss hit, it will most likely go to 2675 and bounce there again (long opportunity).
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Cheers, TJ