CRY
Can Be a Flag Formation on BitcoinAfter a big downfall Bitcoin is likely to start a distribution zone(flag formation) and as a result, it can dump again.
İmportant Fibonacci Levels:
-21400
-20250
-19300
-18650
-18000
-17200
-15800
MANAUSD still uptrendMANA may go down for a few more days, not going below the $0.52 ever again. And once it bounce up its price can reach the $2.00 .
Bitcoin: BTFDBitcoin is officially oversold...IMO, any point from here or lower is a great time to obtain some freedom! NOT FINANCIAL ADVICE!!!! CHEERS!
BTC/USD to RISE!Bitcoin still has not reached the yearly Resistance line. The traders are pretty optimistic , but the Upward channel Resistance is close , though It is highly likely to be broken , but the growth will at least slow down. However , I am almost confident as the MACD and wide gap between MA suggest the price will RISE!
BTC Size (of bounce) MattersWe currently have a temporary top on the daily being set, and daily consolidation to look for a higher low and attempt the clear trend change.
The size of the current 4H bounce will be very telling for either an equilibrium if the bounce is significant, or a lower high and potential lower low to see further daily consolidation take place.
With a significant bounce, bulls can look for an entry on the 4H higher low, using $7,220 as a stop. Bears are looking for the 4H lower high to top fish $7,689 resistance.
Happy holidays! Now I patiently wait for the next 24 hours to see what most likely scenario shapes up.
BTC 4 Hour Equilibrium Key day here for bulls to try and see continuation, otherwise it was a very short lived bull move, and we will give back 50% or more of it with a bear break of this pattern. If we break bullish, we will be looking back at the high of the move and bulls will create more space on the daily for the potential trend change.
Aggressive bulls are making a play off the 4H support, patient bulls are waiting for the daily trend change.
Aggressive bears are top fishing 4H lower high resistance, patient bears are waiting for the pattern to break.
I am a patient bull!
BTC Contained Pullback Continues A nice pattern where each lower low does not get much follow through, and there are 5% bounces for the lower highs to form.
This is the kind of pattern that when it reverses will more likely be an inverse head and shoulders than a big dump and V-shaped capitulation recovery.
BTC still has not formed a low on the daily chart, and we are getting close to the over extended scenario that had us play the first drop on the 4 hour.
We are on day 6 of a lower high every day, and I expect that pattern to break within the next day or two.
Currently in a small ETH position and if we were to drop another leg down I would enter more substantial positions in ETH and BTC.
Bears are also comfortably playing the lower highs , and hourly EMA resistance has been a nice guide for the sustained consolidation.
BTC Hourly Equilibrium Ranges are tightening up and how this pattern breaks this morning will likely dictate direction on the day.
The bulls are still holding 4 hour EMA support, and the daily chart is still holding well for bulls.
If we bear break we will zoom out and look for the daily higher low to still need to be set.
Inside bar on the daily yesterday and another is possible for today as things slow down.
Watching ETHBTC chart which is also in a tightening pattern.
I took profit on 15% of my position ETH swing to remain a bit protective and lower my cost basis further.
LTC Medium Term Analysis LTC is up 12% on the day currently, One of the stronger alts I am watching.
Lets keep it simple for Litecoin as we take a peak at the daily timeframe.
LTC has exploded higher the past 2 days after breaking out of the $60 ascending triangle. I do think LTC should slow down and consolidate for a few days before climbing higher, but the bullish momentum is strong and we could continue to the $100 key level before a larger pullback. But first the $80 support level needs to hold for the bulls, and a break of the $90 level would lead to a continuation to the $100 level. From there I do think we consolidate further with a possible pullback to retest the $90 zone. But medium term target is the $115 zone if we see the current momentum sustained.
Ethereum Medium-term AnalysisLets take a look at ETH for the week ahead and highlight some key levels to begin the month of April.
ETH is currently deadlocked within a slightly ascending channel on the daily. In regards to the short term, we have just rejected the $147.50 weekly high and have traded lower today. Like BTC, the weekly closure above/below this key pivot will signal the strength of the bulls.
The next direction is a coin flip currently as well with a break of $150 leading to an upside push and a loss of $142 signaling we will trade into lower support. The next levels of resistance ensuing a breakout higher are the $165 weekly resistance and $180 Monthly resistance regions.
However if we do see a pullback in the overall market: the $135 major pivot is directly below which will be a retest of the counter trendline breakout as well. If we see responsive buying at this level again I believe that could be the retest/bear trap needed to send up back into the prior resistance and rocket ETH higher. But if this pivot is lost we have the daily trendline at $125 to be 1st tested as support. And the $105 weekly and $85 monthly support levels below if the recent bullish push was just a tease lol.
Happy Trading!
BTC 4 Hour Support Test after Bull continuation FailBTC tested resistance and rejected with a 4 hour lower high, and a pullback to test support.
If we lose this 4 hour uptrend, daily consolidation to find a higher low will be underway.
Another possible scenario is a bear break with a lack of follow through, which would be a bullish signal of a healthy daily higher low forming.
I personally entered the LTC bull break last night looking for continuation in the sector and as soon as it was clear BTC was not going to get the same bull break, I exited with a small loss.
Still playing with very small positions waiting for weekly clarity in most of the sector.
Bulls are looking for potential hourly or 4 hour oversold conditions to try and enter on the daily higher low.
Bears are either already in or looking to top fish weekly resistance just over $4,200.
All about the daily uptrend at this point.
BTC Medium-Term Analysis Looking at Bitcoin here as we remain pinned on the $4000 key level, I am cautiously bullish. As we have been consolidating for the last 3 weeks BTC has held the Daily trendline, making higher highs and higher lows. This gives me reason to believe a larger move back into the $4200 weekly resistance region is setting up. The $4200 Resistance has been strong with multiple weekly rejections however a break through would lead us to the $4400 Monthly Resistance region. However a more bearish scenario would be to see the Daily trendline broken through, which would lead us back into the $3700 Weekly support zone. With liquidity zones just below at $3650-3600.
GNT Swing TradeGolem held the weekly support level at $0.055, forming a potential double bottom. If GNT can see some buying and a break of the $0.08 neckline/resistance level, I believe further upside may follow. If that is the case I will target the $0.09 and $0.10 levels, which align with the 0.27 and 0.618 fib extensions.
BTC further downside? After another volatile day we have remained pinned tight on the $3800 price level. Yesterday we did a spike to the upside before rejecting the 0.382 FIB retracement. For now it is best to stay patient while in the tight hourly trading range. If the $3750 level is lost I believe the downside $3600 and $3500 levels could be met in the short term.
Give me a rational reason to buy !the people who predict that the bitcoin will reach to 20000 from here made me crazy . may be it's a good chance but there is no indication that the up move begin.
The price is moving in a sideways direction in a triangle pattern in a long term downtrend so the probability is much more to break the lower side of the triangle.
Please Don't buy now when the bitcoin decide to the uptrend we will catch it and start make a good money now it's not for selling or buying but If you give me just one choice I will choice to sell.
BTC Surge BTC broke to the upside today now up more than 8%. I am closely monitoring this as it is crucial we hold above the $3650 pivot in order to sustain the bullish momentum. If It can close above that level a continuation is probable. However if we retrace and close today near $3530, I believe this could be a manipulative stop hunt and to trap some bulls.
BTC ChannelThe last two weeks have been sideways and boring, but provided a great channel on the 1H for scalping opportunities. I believe we most likely break out of the channel this week. Based on the higher time frames I have a slight bearish bias and if we are to see any momentum to the downside I will ultimately be targeting the 3200 region.
Bitcoin below 200 week and 50 month EMAs!Bitcoin is below the 200-week and 50-month exponential moving averages. These acted as support in the last bear market and Bitcoin has not treated them as resistance until now. Another sell-off is likely unless Bitcoin can get back above these levels. The 100-Month EMA is the next major MA support.
BTCUSD ShortHighly risky short entry on BTC after a huge manipulative stop hunt above $3400 with a rejection of the 200EMA (red) on the 15m.
BTC Looking for a 4 hour HLBTC Bulls have had some momentum the last few days, but is currently seeing a bearish reversal daily candle.
If the 4 hour uptrend is lost, we will look for a daily higher low to form.
The current 4 hour consolidation is healthy so we are not likely to lose the uptrend over the next 12 hours.
I will be interested in the bulls if we can see a break of daily lower highs.
If the lower high pattern remains, the bears keep control.
Changing the daily trend will begin to make the weekly chart interesting.
$6,823 is the level for the weekly downtrend to break in my opinion, and for the space to get exciting for bulls again.
