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Buysellindicator

ETH Long Continues to Print!Our ETH long prediction has been playing out perfectly these past couple of days! Yesterday I mentioned my thoughts on ETH climbing to 1430 and that has not changed. Looking at the 8hr chart, we can see ETH has had a strong bounce off of the 1040 area (major support) and BROKE through our micro resistance of 1165 (which I believe we'll test again as support before retesting the 1220-1270 level). I believe we'll break through the 1220-1270 level within the next week and retest it as support (this will coincide with our Stoch RSI reaching the 100 level and cooling down for a few days) before finally reaching our target of 1430. There's been a lot of volatility in the market so it may not play out exactly as predicted but my narrative has shifted to a more bullish stance for crypto the past few weeks but I will continue to look for great setups both ways. If you enjoyed my TA or had any questions about the indicators used, please leave a comment below or send me a DM :)
Long
by CryptoScripts
ETH Holding Support!So far ETH has been respecting our S/R lines to a tee on the 8h chart and continues to trade in a channel. Currently I'm in a long on ETH from the 1040 area due to a few reasons: 1. ETH has major support near the 1040 area since June 14th 2. The Stoch RSI was extremely oversold and is now starting to curve to the upside 3. There's not much resistance until 1165, 1250, and 1430 Based off of our current price action, I'm expecting ETH to continue higher until we get to our micro resistance of 1165 then consolidate for a few days because attempting the push past the major resistance of 1230-1270 (red shaded area). Once we get past those levels, then it's clear skies to 1430 (our next major resistance). If we break down from 1040, our bearish targets are 950 and 880 (orange lines). I'm expecting those to hold and would be perfect levels to DCA if we have another capitulation event. If you enjoyed my TA or had any questions about the indicators used, please leave a comment or send me a DM :)
Long
by CryptoScripts
ETH Breaks Below 1k! What's Next?A few articles ago, I talked about ETH breaking the weekly trend line (teal) and the next major support being $800. Seeing as we just broke $1,000, I strongly believe that is the next target. The macro environment has been extremely bad the past couple of months and is showing no signs of slowing down (30 year fixed rate mortgages are approaching '08, '09 levels). ETH broke below its 200 EMA two weeks ago and is now on a trajectory for my first DCA weekly support of $800. After that, I'm looking to purchase more at $530, then $308 (the next weekly support levels). The Whales buy-sell indicator gave us a great short entry towards the end of April and hasn't flashed a buy yet. I'm still waiting for the indicator to flash a buy, as well as ETH to cross back over the 200 EMA. Until this happens, I am still only looking for leverage shorts and spot buying at my predetermined weekly support levels. If we bounce from here, the next major resistance will be near 1400-1500 which coincides with weekly resistance and the 200 EMA. If you have any questions about my TA or the indicators I used, please leave a comment below or send me a DM :)
Short
by CryptoScripts
6
Where Will Bitcoin (BTC) Go From Here? Even though the market has been extremely brutal, there are some key levels I'm looking at to start buying/DCAing into Bitcoin. The indicators I have on the chart are the Whales buy-sell indicator (mine), VMC Cipher B (free), and the RSVP Extractor (mine). I have the Weekly chart up for BTC because that gives the best overall data for buying support whenever you have a downtrend as strong as we've had. As you can see on the chart, the next major level of support is around 19-20k. This was the previous ATH in 2017 so it's obvious why it's a big support now. Along with this, I also have a huge descending wedge draw (teal lines) which is a bullish pattern that usually breaks to the upside. With that said, we can technically ride the trendline support all the way down to 12k which seems horrible (but it only is if you're not ready for it). The big things I'm looking for is a "Buy" signal from the Whales buy-sell indicator, a Green dot from VMC Cipher B and the RSVP Extractor to start curving to the upside. Until then, I will lightly DCA at 19-20k, 16k, 12k, and even 9.5k if we get there. If we do bounce from here, there is big resistance near 25k (previous wick down and 200 EMA) and major resistance at 30k. TL;DR Major support levels for BTC: 19-20k, 16k, 12k, and 9.5k Major resistance levels: 25k and 30k Possible descending wedge forming with major confluence support at 12k If you enjoyed my TA and have any questions about it or the indicators I use, please leave a comment below or send me a DM :)
COINBASE:BTCUSDShort
by CryptoScripts
Celsius (CEL) Short Predicted! With all of the recent Celsius drama going on (their insolvency and halting withdrawals), I'm going to cover some TA that predicted this short and could've saved you some money. Looking at the 3D chart we can see a few things. First, I have the Whales buy-sell indicator and the VMC Cipher B. We can see CEL is clearly in a downtrend by the teal line I drew that's being respected as resistance every step of the way. Secondly, the purple lines are weekly support that are continuously being broken. The Whales buy-sell indicator is great for predicting trends and is something I used in conjunction with the trendline resistance. You can see that multiple times whenever we came up to the trendline resistance, we also received a "Sell" signal. This caused me to enter shorts along the way and ignore any bullish signals I received. It's also more powerful when you receive a red dot on the VMC indicator AND a "Sell" signal at the same time (as highlighted near the beginning of 2022). This price action reminds me of LUNA and I'm not longing CEL at all, especially since I believe the coin will go to 0 soon because of their issues. Both indicators, combined with my TA of trendline resistance and horizontal S/R helped keep me in my short positions and save money. If you have any questions on the indicators I used or my TA, please leave a comment below or send me a DM :)
FTX:CELUSDShort
by CryptoScripts
Called The Top on ETH! In this post I'm going cover the TA and indicators I used to call the short on Ethereum! The current indicators I'm using on the 4h chart are the Whales buy-sell indicator (mine), VMC Cipher B (free), and RSVP Extractor (mine). Looking at our major support/resistance levels, we can see there is Daily resistance on ETH at 2160, as well as Weekly resistance at 1884 and Weekly support at 1397. The first major short opportunity I saw was the Red Diamond indication on my RSVP Extractor (outlined by the first vertical blue line). I saw we were below the 200 EMA so I was only going to look for shorting opportunities and it played out perfectly (shorting ETH at 1980). Next I received another Red Diamond on June 6th and shorted again at 1900. Finally, there were two more shorting opportunities which came with the combination of the Whales buy-sell indicator "Sell" signal and the VMC "red dot" combined, which I love to use together. That was outlined by the green circles I drew. This also coincided with the trend line resistance I drew as well (teal diagonal line). The next major support I'm looking at is 1397 on ETH. We may or may not get there but that will be your best R/R position for a long. There's currently an oversold "Moon" signal on the RSVP Extractor so we could have short-term relief but I'm not holding my breath. If you have any questions about the indicators I use or my technical analysis, please comment below or send me a message! Thanks for reading :)
Short
by CryptoScripts
How to Profit using the 4 hour and 1 hour CombinedCombining the 4 Hour and the 1 Hour chart to catch more profitable trades. Usually, the 1 hour chart will give you a better entry and can mean the difference between catching a very profitable trade vs. missing the trade waiting for the 4 hour trendline. Often in strong downward moves, especially on the 4 hour, price may not retrace back to the trendline until a few days. It may be frustrating to see a trade you knew was going to drop on the 4 hour, to be left alone. In these cases, you can switch down to the 1 hour timeframe, to catch the move quicker and get a better entry. Not just that, but you can take profits on the way down and re-short at the Blue trendline on the 1 hour. It's important if you are doing this, to make sure you draw in resistance trendlines (see the white line), to see if you can detect a breakout. This may lead to a "BUY" signal on the 1 hour chart. HOWEVER, we do not always take trades purely based on "BUY" or "SELL" signals - we must analyse market structure on multiple different timeframes to get a better picture of what the market is doing. So here, on the 1 hour chart, we saw price reject the thick green line at $85 and an upward push with rising bull volume towards the blue trendline again. OK, the volume isn't massive - but it's rising after rejecting support. At this point, closing your short would be wise. If for whatever reason you hadn't noticed this, you would close your short on the breakout on the 1 hour chart. This could happen if you are not looking at the chart for a couple of days, so if you are watching the chart regularly, you can avoid these potential losses. So now that we have a breakout on the 1 hour chart, we first have to look at the 4 hour chart to see what is happening. Now check the 4 Yellow circles on the chart. Look where price is - at the 4 hour Blue trendline. This is finally our opportunity to get an amazing low risk, high reward SHORT entry. Check out the Yellow circle on the Volume indicator at the bottom of the 4 hour - Since the volume is UNDERNEATH the Blue trendline, and so is price. This confirms again how low risk high reward this SHORT entry is. Even though the 1 hour Chart says BUY, this is only mid term, and we must remember that higher time frames play a big part in what happens. So after we had shorted the 4 hour blue trendline, we could tell a potential BART pattern happening, with distribution at higher levels than previously. After this, within 4-5 days, SOL had crashed from $95-$60 (around 30%). Not bad eh? And how exactly do we predict where the bottom of this move is? Well the best way, is to use the Fibonacci Expansion tool. We first clicked at the top of the candle where we first got our "SELL" signal. As price retreated down, we saw a big clear wick signalling a local bottom around $81.87. From here, price eventually rose up to $95.20 where we shorted. Now that we have 3 different levels, we can plot our Fibonnaci Expansion Tool to set our targets: 1) 0.786 ($78.25) 2) 1 ($73.64) 3) 1.272 ($67.77) 4) 1.414 ($64.71) and finally, the likely end of the move full stop... the great 1.618, in this case, $60.31 ON THE NOSE :)
Education
by reiiss7