#WRXBTC Looks Ready for 200% Potential Rally!!!Welcome to this quick Update, everyone.
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WRX broke out of the triangle after almost 127 days!
It has been trading around the 3ks for quite some time.
Volume is increasing too.
I believe It can easily start a rally soon.
They also have some strong fundamentals in the month of Sep and Oct which will act as a catalyst to its rally.
ENTRY :
2500 sats to 3100 sats
Targets :
4021
5085
6025
7236
SL:- 1977
This is a mid-term setup and I will be holding this one on spot.
What's your thought on this?
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Thank you
#PEACE
Cryptorphic
#TOMO/BTC is Ready for 72% Potential Rally. Trade Setup!Welcome to this quick update, everyone.
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TOMO could breakout of the falling wedge pattern anytime!
Once it breaks the price is highly likely to rally between 45% to 72%.
Accumulation level: 5700 sats to 6600 sats.
Targets:
7474
8377
9052
10400
11210
Stop Loss: 5344
What's your thought on this?
More setups to come.
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#PEACE
#BTCUSDT Reached $49k! Next Move to $74k explained!Welcome to this quick update, everyone.
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BTC broke out of the expanding channel which I discussed in my recent updates and reached the
$49k level.
The chart shows a possible retracement towards the 47k level and Finally, BTC could hit the 51k range. The reason is 49k level has been an important area of support for almost 12 weeks.
Expect this level as resistance.
Breaking this in one candle could be possible but unsustainable.
The overall trend is bullish but expect some red candles on the weekend.
The retracement will give us more opportunities to enter alts at discount.
Before opening, any alt positions do understand that BTC is at the resistance right now.
Another thing to notice here is Breakout of the 43k level was very important for bullish momentum and so is the 51k level.
Once this level is broken expect a rally to a new ATH.
I expect $74k by September End to October First week only if the 21WMA holds in the weekly chart!
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here and move to a new ATH?
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#PEACE
#XRPUSD 200% Potential rally Trade Setup.Welcome to this quick update, everyone.
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XRP broke out of the falling wedge channel after a correction from a $1.966 high reached on April 14th, 2021 making a low of $0.50.
The breakout has open the door for an attempt to break the previous ATH which is $3.317 (Jn 04 2018).
I have some XRP for very long in my long-term portfolio.
I've been holding this coin for a long time.
Better if you accumulate this one on spot.
ENTRY: $0.88 to $1.11
Target :
$1.47
$1.61
$1.92
$2.24
$2.78
Stop Loss: $.73
What's your thought on this?
Do you think this correction is over?
Do you think XRP could easily pump from here?
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#PEACE
#VETBTC PUMPED 37% ! New Trade Setup!Welcome to this quick update, everyone.
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VET PUMPED ALMOST 37% right after I posted my last setup!
I am still holding and accumulating these dips.
If you haven't entered yet it's under retracement now so it's a good time to add some around 240 to 260 sats.
Target Still remains 239% from the bottom.
What's your thought on this?
Do you think this correction is over?
Do you think VET could easily pump from here?
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#PEACE
#BITCOIN's road to $162k by May 2022! Here's Why!Welcome to this Exclusive Analysis on BTC everyone.
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Let’s get straight to the point and zoom out the bitcoin chart and see how bitcoin bitcoin reacted after the last three halvings to understand the potential target for Bitcoin within May 22.
First Halving
The first halving of bitcoin happened on 26th of November 2012. After the Halloween the bitcoin price pumped all the way to $1140 with an increase of 9390.87% from its having low.
We saw an almost 83% retracement after that which was a bear market for almost 420 days.
Second Halving
After the second Halving the bitcoin price made a low of $483 and then it started a parabolic move to almost $20,000 with an increase of 3914.50%.
We saw the same 83% retracement after that and the price of bitcoin went as low as $3148.
Third Halving
The third having happened on 11th of May 2020. Before the Halloween I posted an analysis in which I speculated move from $7000 $132,000 per bitcoin by May 2022
I will leave the chart link below this analysis.
The bitcoin price pumped all the way to $64,840 the real question is whether the bull market is over or are we really Entering a new parabolic move for Bitcoin which will eventually end up with a new all-time high?
IMHO as the chart speaks the bitcoin price bounced right from the 21 weekly moving average showing some strength for a parabolic move.
It is highly likely that bitcoin is going to make a new all-time high if it breaks the $53,000 resistance. The new target for bitcoin would be $162000 by May 2022!
All that Bitcoin needs is to do is to hold the 21 Weekly MA and the 30k level!
Many indicators are showing signs of strength in the market.
However I would also like to point a bearish scenario with you all!
You can see in the last two halvings the bitcoin price bounced
right off the 21MA and went below it after few weeks as shown in the little boxes B1, B2 and B3!
This is why I have always pointed out that 21 weekly moving average is an important bull market indicator.
So basically Bitcoin needs to hold to support levels-and the 21 Weekly MA and number two $30,000 level if it does we are likely to get a new all-time I buy the end of May 2022
The overall Data I’ve shared in the first part of this analysis is still on board!
Just the target has been increased by few percentage!
It’s just 2.5x from 60k to be honest.
So now you know what we need for the Bull Market to continue
Whats your thought win this?
Do you think it’s possible for BTC to make a new ATH or is it just a trap before we enter a Bear Market?
As shown in the Black box in the chart?
Do share your views and ideas in the comment section.
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#PEACE
#BTC Dominance broke down, ALT SEASON Incoming?Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Do not forget to read the other analysis I've recently posted.
Links are given just below this update.
let's get to the chart.
the dominance followed my previous analysis perfectly and broke down below the triangle.
We can already see the effect in the market with all those green altcoins in both USDT and BTC Pairs!
however, it's important for us to analyze from every aspect of a chart.
We need the dominance to break and close below this 100D MA.
It's an important factor to trigger the Altseason.
keep an eye on it. After the possible breakdown, we will have a retest, that will be the right time to enter altcoins in BTC pairs especially in Red!
The breakdown target happens to be somewhere around 39.xx levels.
What's your thought on this?
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#PEACE
#BTC Dominance Broke down, Alt Season? Part IIWelcome to this quick Sunday update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Dominance broke down and followed our speculated move exactly as shown in my last chart!
I expect the dominance to break to the downside, Reasons:-
1. Ascending Wedge Formation.
2. Broke below the Triangle with perfect retest and continuation.
3. Broke and closed below 100D MA which basically shows us the sentiment of the market is shifting towards altcoins
4. I am expecting a bearish crossover of 50D MA and 100D MA in the next week which will eventually fuel the alt season!
Many indicators are also revealing signs of weakness in this index.
OFFICIALLY WE ARE IN AN ALTSEASON RIGHT NOW!
WHAT MATTERS IS IF WE CAN GET SOME SIDEWAYS ACTION FROM BTC THINGS WILL BE MUCH BETTER!!
What's your thought on this?
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#PEACE
#VETBTC 239%+ potential Rally!Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Well, this setup is for the spot.
Accumulate between 200 to 250 sats for almost a 200%+ rally.
If you don't intend to miss this coin, you can simply buy some now and wait for the retracement.
The best strategy is to buy when Bitcoin takes a leap to the downside and ALTS BLEED!
Keep this second coin noted after Sand.
What's your thought on this?
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#PEACE
#BTCUSD at Resistance. Is $49k possible??Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart,
BTC broke above the 42k resistance and reached the second resistance at 44.2k level where it got rejected so far.
Looking at the current situation BTC is highly likely to hit the 49k level on or before the 16th of August 2021 (date may vary).
The volume is gradually increasing which is good for bulls.
Important note:- I do expect some retracements next week and probably a bloody Monday too.
So better take profits on your leveraged positions.
Important demand area is 39k to 42k, Resistance remains at 44k and 49k level.
A weekly close above 42.5k is something that we need here. I am waiting for that to enter leveraged trades. I am happy holding BTC and some large-cap alts. Specially ETH that I recommended to buy around $1900.
INVALIDATION: Close below 39k in Daily.
What's your thought on this?
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#PEACE
#TOTAL CRYPTO MCAP in Danger Position! Here's Why...Welcome to this quick Sunday update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
This is the total crypto market cap chart.
It's very important to follow this chart in order to understand the overall trend of the crypto market.
W have seen almost third consecutive bullish candle for BTC in weekly.
IMHO BTC needs some pullback including many other altcoins too.
I've said this before
No one got rekt by taking profits.
Although there's a chance that BTC could hit the 48k straight that won't be sustained for long.
In this chart, the mcap is hitting the most important resistance level.
If this resistance is broken and we get a daily close above the 1.84 trillion resistance (the red zone) It's highly likely we will hit the 48k -49k level on or before 15th Aug 2021 in BTC. The whole market will pump together.
The support remains from 1.53 to 1.67 trillion.
What's your thought on this?
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#BTCUSD Wyckoff Accumulation Model Simplified Part II.Welcome to this update, everyone.
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Well, I already explained about the Wyckoff model in my last update but there are many new people who followed me in the last few weeks.
I am thankful to all of you.
Almost 700 followers in just 2 weeks! That's insane.
Thanks for appreciating my content.
Let's get to the chart!
By the time you are done reading this update, you'll understand what this model is about.
PHASE A :
PS (Preliminary Support): It's the first support after the Bull Trend which is broken and we see an extreme selling called Selling Climax ( SC ).
After Selling Climax what we see is an Automatic Reaction which is a bounce after the dump.
This dump is initiated by smart money but they are the ones buying at the same time when it gets to the low as it happened at 28k. While everyone is hoping for a pump we see a Secondary retest this Secondary Retest and the Automatic Reaction Levels make up the Trading range under which the price fluctuates for a long period showing the signs of accumulation. The Support and Resistance Levels make up the Trading Range.
PHASE B: Accumulation, Rejection, Bull and Bear Traps, Wicking but under the TR which is, in this case, 30k to 41k level.
PHASE C: Accumulation at lower levels with wicks to the downside, full of traps.
The bear trap induces retail investors to give up their holdings.
The spring is the last bear trap which makes people believe that the trend is over.
The dump that happened on June 22nd, all the way to 28k was the first spring I would say. The sound time BTC dumped was around the 20th of July with a low of $29,296!
There was too much fear in the market makes people lost their confidence and many events left crypto and liquidated their assets.
The second dump to 29k was probably the second spring!
PHASE E: It's the last stage of an Accumulation Schematic. It is marked by an evident breakout of the trading range, caused by increased market demand. This is when the trading range is effectively broken, and the uptrend starts.
I want you to know that this model works even today. You saw that it did already. It got delayed by just 23 days as per my LAST Wyckoff Chart, I'll leave the link below this analysis.
Since there are many people doing it the wrong way I wanted to clear this for you all.
BULLISH SCENARIO: We needed a close above the SOS (Signal of Strength) to be sure about the BULL TREND. Here that level is 42k level and it's broken in the lower time frame.
What we need is a weekly close above 42k now that will confirm a new rally for a New All-Time High!
CONCLUSION: IMHO We have entered the Sign of Strength (SOS). It's highly likely for Bitcoin to trade under the range of 38k to 42k range and eventually breakout for a new all-time high.
For this scenario to happen, All we need is a weekly close above the 42k level.
Let's wait for the weekly close for more confirmation!
For more information stay tuned, I'll follow up on this chart for your better understanding.
This is the only cheat chart that can help you to determine the right time to trade.
Hope this helped, if it did please HIT the like button and share your views in the comments section. Follow me for more ideas and trade setups.
Thank you
#PEACE
#REEFUSDT TRADE SETUP 37% Potential Gains!!Reef broke out of the channel and currently retesting the resistance turned support.
25% to 30% is highly likely from here.
ENTRY : $$.0149 to $.01566
Targets :
$.0178
$.0182
$.0203
$.0213
Stop nLoss: - $.014180
DYOR before taking this trade.
I am not a financial advisor.
Do hit the like button if you want me to post more setups for you all.
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Stay safe
#PEACE
#ETHUSD Reached $2800! Perfect Prediction! New Setup here...Welcome to this update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
In my previous ETH update that I posted on July 26th, I speculated a move towards $2800 and recommended an entry in ETH around $2000 and within 10 days the target got filled.
We made almost 40% profit on spot.
Perfectly on track! I hope you will appreciate these efforts.
In the current chart, the main support for ETH is at $2500, $2300 is another support If ETH gets there.
I expect some pullback to the $2500 to 2750 area and then a bounce to break the current resistance level around $2849.
Once we break and close above this resistance it's highly likely we will see ETH above the 3k mark.
What's your thought on this?
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#PEACE
#BTCUSDT READY TO BOUNCE! DON'T PANIC!Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures .
Let's get to the chart.
Bitcoin dumped all the way to 37.7k level and bounced to maintain the $38.2k level which also happens to be the 21D MA in daily.
IMO, We must see some bounce anytime.
FOR THE TREND TO REMAIN BULLISH we really need a close above the 38.2k level and eventually 41.5k level for a new ATH.
If these things don't happen soon, it's highly likely that BTC could make a new Low below 27k level.
In the green box at the right hand bottom of the channel.
Invalidation: Just like I said in my last update, Daily close below this level could take BTC to 35k level.
What's your thought on this?
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#BTCUSDT 25% Pump Incoming, $48,950 on board?Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
BTC broke out of the important resistance around 42k level and is now hitting the support level to retest and continue to the upside.
IMHO BTC if stays and maintains the 21D MA Support which is around $38,220 a rally towards upper resistance levels is highly likely.
RESISTANCE LEVELS:-
$45,388
$48,950
Support levels :
$40,300
$39,400
Conclusion:- BTC is likely to continue its uptrend, invalidation will be a daily close below $38200.
What's your thought on this?
Do hit the like button to show your support and do share this chart with your friends. Let's spread knowledge and help others to succeed.
I'll keep this chart updated time to time.
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Thanks for coming by.
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#PEACE
#BTCUSDT Ready for 48k! But What if ?...Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
In my previous update, I speculated BTC is likely to break the 41k level sooner or later and it played out perfectly.
What could we expect from here?
Since it's the weekend I expect BTC to make multiple retests to the lower 40k levels, $40,200 to $41,200 in order to kick out the high leveraged longs.
Important support level: $39400 and $40700
The resistance levels have been plotted in the chart itself.
BTC is highly likely to maintain these levels.
ALL WE NEED IS THIS WEEKLY CANDLE TO CLOSE ABOVE 41.4k. AND LOOKING AT THE CHART THIS SCENARIO SEEMS LIKELY.
What's your thought on this?
Do you think this correction is over?
Do you think BTC could easily pump from here?
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#PEACE
#BTC Finally Bullish or Bearish? 36k or 27k?Welcome to this quick update guys. Today I posted a chart in which I speculated that the price of the BTC is about to bounce. At that time BTC was trading around 29760.
It bounced already and rallied almost 10% from there.
What's next?
I will keep this very simple.
BTC needs to break out of this channel and close above the green box, the price level is $33.2k.
Else we are going back below 30k soonish.
What's my bet?
I think the price is likely to move on higher levels but this resistance must be broken soon for BTC to rally harder.
What's your thought on this?
Do you agree with me? Share your ideas and views in the comment section and do not forget to hit the like button if you like my updates.
Thank you
#PEACE
#BTCUSD Eyes on $39,400 .. Here's Why?Welcome to this quick Bitcoin update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
ALSO, THANK YOU FOR YOUR SUPPORT SO FAR.
MY LAST BITCOIN UPDATE which played accurately IS TRENDING AT NUMBER ONE in UK!
Let's get to the chart,
Bitcoin is trying to break the 41k level and getting rejected multiple times.
As per the chart, BTC already broke out with a successful close above 39400.
ALL WE NEED IS BTC TO STAY ABOVE 39400 in order to remain bullish.
However, it's important to be careful when you see 7 green daily candles in a row you can expect some red as well.
ALTHOUGH THE CHART IS VERY BULLISH We need to be careful here with leveraged positions.
Conclusion: BTC is bullish and must continue to the upside. Expect some consolidation down the line.
The invalidation would be a daily close below 37.4k.
If this happens all this pump would end up being a parma BULL Trap! That's unlikely IMO. So chill out :)
Upper Resistance Levels are:-
$44810
$47445
$48986
What's your thought on this?
Do you think Bitcoin's new ATH is coming?
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#PEACE
#BTC retraced to 37k! What will be the new higher Low?Welcome to this quick update everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
The recent trade we took is TLM Long around .26- .27 zone that we are holding now.
BTC couldn't break and close above 42k and we saw a retracement to the lower 37 levels exactly as speculated in the last update,
What's next?
There are two possible scenarios with overall bullish trend.
1. We needed a higher high for BTC we already got it so 37k are could be the level where we bounce as the new higher low.
2. Else we can retrace to the second demand zone which is around 34k to 35k level.
If you like this update do hit the like button and share your views/requests regarding trades and charts in the comments section.
Also do not forget to check out other trade setups and charts, I'll leave links below this update.
Thank you
#AXSUSDT Trade Setup, Bouncing off now!Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Let's get straight to the chart:-
#AXS/USDT: Forming a descending wedge pattern that is generally bullish in nature.
However, the breakout will decide the direction of its trend.
If you haven't opened the position, wait for the breakout. Hidden Bullish Divergence.
ENTRY: $40.55 to $42.80
TARGETs :
$46.84
$49.30
$52.23
$57.87
Stop-loss around $39.32
DYOR before taking this trade.
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Total Marketcap breaking out...Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
The total market cap chart looks really bullish here after breaking the $1.4 Trillion resistance level.
By the end of this week if the Total market cap closes above $1.68 trillion it's highly likely we will see a rally towards $1.77 to $1.8 trillion which will eventually push the whole crypto market. Both Altcoins and Bitcoin will pump together.
This is a very important chart that only a few people who always want to stay ahead use.
The structure exactly looks like BTC at 36k level.
INVALIDATION: Weekly close below $1.41 trillion.
What's your thought on this?
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#PEACE
#1INCHUSDT Ready for Pump. BREAKING OUT!Welcome to this trade setup, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
1inch is breaking out now.
Inverse H&S Breakout with multiple retests on the neckline. SHows signs of accumulation.
ENTRY: $2.05 TO $2.20
TARGETS:
$2.27
$2.32
$2.39
$2.47
$2.55
Stop Loss : $2.03
DYOR before taking this trade.
More setups will be posted soon.
Do hit the like button if you want me to post such setups every day.
Do share your views in the comment section.
Thank you
