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Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 70% chance Bitcoin will RISE from our current entry point. 📈 LONG BTC - Entry Price : $22,800 📈 💵 Length of trade: we are expecting BTC to hit a $500 scalp, with a high end of $800, and a minimum expectation of $300. 🕰️ Duration of trade: we are expecting this to occur after 4 hours of this signal, with a maximum duration of 9.5 hours (for the expected profit target); with continuing to 32 hours, if positive momentum extends post market close, into the weekend for breaching the high end target, and above. OUR Last 2 Signals were disappointing... the last was shortly in $100 profit, so at best a minor gain - the one prior to that was a $300 stop-loss hit. We are here with you, putting our personal money down for every signal. Our resolve is with keep the strength of these signals.
Long
by VirlVideo
2
WEEK 27 Could be RepeatedA good Monday followed by a dip on Tuesday.... This is the situation as of the moment this week (week 32 of the year 2022). The resemblance with 5 weeks ago (week 27 of the year) could indicate a Pump could be next. At the same time there is a nice S/R level which indicates support could be now for Crypto market. Let's not forget the CPI data tomorrow which will add to the volatility. Hopefully (and most likely I believe) to the North side. This could be a good dip to buy but don't take my word for it. DYOR One Love, The FXPROFESSOR
CRYPTOCAP:TOTAL3Long
by FX_Professor
7
BTC Daily TA Cautiously BullishBTCUSD Daily TA Cautiously Bullish. Recommended ratio: 70% BTC, 30% Cash. * US July Manufacturing PMI was reported today and showed a slight slowdown in manufacturing activity dropping from 52.7 last month to 52.3 this month; this sent Equities and Cryptos lower but again helps confirm that the Fed is being effective in reducing demand as a means of curbing inflation. California now accepts cryptocurrencies for campaign donations . FTX is in talks to buy South Korean crypto exchange Bithumb . Bitcoin is at a critical juncture as it currently tests the 200 MA as support for the first time since April of this year. The Merge expected in September will likely continue to have a bullish effect on cryptos through the rest of this month and most of August.* Price is currently testing the 200 MA as support at $22.8k after being rejected at $24180 minor resistance on the first test. Volume is Moderate and currently on track to favor sellers for a third consecutive session at this critical resistance, this is mildly bearish. Parabolic SAR flips bearish at $19.7k, this margin is neutral at the moment. RSI is currently testing the 50/50 uptrend line from 11/18 as support at 57 support; the next support is the descending trendline from January 2021 which would coincide with the uptrend line from 06/22 at ~48. Stochastic crossed over bearish in today's session and is currently trending down at 93, it is still technically in the 'bullish autobahn' but if it falls out then the next support is at 78. MACD remains bullish and is currently trending up slightly at 200 as it begins to form a soft peak just below 313 resistance (critical). ADX is currently flatlining at 23 (a sign of bottoming) as Price is attempting to keep the bullish momentum going, if ADX starts to go up in conjunction with Price this would be bullish; and if it starts to go up and Price goes down, this would be bearish. If Price is able to defend support at the 200 MA ($22.8k), it will have to break above $24180 minor resistance before it can retest the descending trendline from November 2021 at $30k as resistance. However, if Price loses support at the 200 MA ($22.8k), then it will likely retest $20k psychological support and/or $19417 support . Mental Stop Loss: (one close below) $21.6k.
COINBASE:BTCUSD
by dailytaguy
2
BTC Daily TA BullishBTCUSD Daily TA bullish. Recommended ratio: 90% BTC, 10% Cash. *WEEKEND RALLY. Cryptos continue rallying off of news that Ethereum's long awaited Merge is forecasted to be finalized and ready for launch on Mainnet ~09/19/22 . Assuming that the final trial on the Goerli testnet goes well in August, this timeline should be fairly accurate; however, The Merge has been plagued by delays up until this point so take these forecasts with a grain of salt. Meanwhile, the macroeconomic/geopolitical/supply chain situation continues to worsen. This contrast can be unsettling hence the need to continue being vigilant; however, Weekly conditions continue to support the notion that cryptos may be close to a bottom due to extremely oversold conditions.* Price is currently testing the one-month high of $21.5k as resistance and will try to test the 50 MA at $23.5k if the weekend crypto rally can continue. Volume is currently Moderate (low) and on track to both shrink and favor buyers for a fourth consecutive session (indicating that a breakout/breakdown is potentially impending). Parabolic SAR flips bullish at $22k, this margin is bullish. RSI ripped through 42 resistance and is currently trending up at 50 as it tests the descending trendline from January 2021 at 49 as resistance; the next resistance is the uptrend line from November 2018. Stochastic remains bullish and is currently trending up at 96 as it approaches a retest of max top. MACD remains bullish after denying a soft peak formation and is currently breaking out above -869 resistance as it trends up at -622; the next resistance (minor) is at -232. ADX is currently trending down at 25 as Price is pushing higher, this is mildly bullish at the moment; if ADX can form a trough as Price continues to push higher this would be bullish. If Price is able to continue trending up here then it will likely test the 50 MA at $23.5k as resistance before potentially pushing higher to test $24180 minor resistance . However, if Price breaks down here, it will likely retest $19417 support before potentially retesting the uptrend line from April 2017 at ~$15k as support for the first time since September 2020. Mental Stop Loss: (one close below) $19417.
COINBASE:BTCUSD
by dailytaguy
BTC Daily TA Neutral BullishBTCUSD Daily neutral with a bullish bias. Recommended ratio: 51% BTC, 49% Cash. * SELL-OFF WATCH . Cryptos look like they may lead the market sell-off if there isn't a bounce at some point in the next session or two. Bitcoin still has yet to test the uptrend line from March 2017 at ~$15k and many analysts are calling for a $13k bottom, sentiment seems to support this more and more every day but until BTC loses $20k ($19417 support) it's not confirmed.* Price is currently trending down at $20100 as it continues to trade sideways in the largest supply/demand zone on the chart at $20k psychological support. Volume is currently Low and on track to favor sellers for a second consecutive session. Parabolic SAR flips bearish at $19k, this margin is bearish at the moment. RSI broke below 42 support and is currently trending down at 38, if it can't bounce here then the next support is the uptrend line from 06/18/22 at 36; if it breaks below here it will likely test the uptrend line from 01/22/22 at ~28. Stochastic remains bearish and is currently testing 78 support. MACD remains bullish and is currently forming a soft peak as it tests -869 minor resistance. ADX is currently trending down at 30 and is beginning to form a soft trough as Price is breaking down, this is neutral at the moment. If Price is able to bounce here at $20k then it will likely retest the one-month high at $22500 before potentially testing $24180 minor resistance . However, if Price continues to break down here it will likely retest $19417 support before potentially retesting the uptrend line from April 2017 at ~$15k as support for the first time since September 2020. Mental Stop Loss: (one close below) $19417.
COINBASE:BTCUSD
by dailytaguy
ETH Daily TA Neutral BullishETH Daily neutral with a bullish bias. Recommended ratio: 57% ETH, 43% Cash. *Cryptos enjoyed a rally to start the weekend but then came the Sunday Scaries (a corrective sell off after a weekend rally), this is typically bullish going into the next week but given the bearish sentiment in markets it may signal that more downside is to be expected. Fed Vice Chair Lael Brainard gave a speech on crypto and DeFi last Friday (06/08) . In it she confirmed that the Fed is still working on a CBDC and that more traditional finance regulations are coming for DeFi ("same risk, same disclosure, same regulatory outcomes") to prevent exploitation, undisclosed conflicts of interest, and market manipulation. She once again stood in support of what crypto has to offer and stated that regulations shouldn't stifle innovation, referring to cheaper + quicker cross-border/remittance payments and collateralized loans. Brainard ended the speech by commenting that perhaps accountability should be shifted to protocol developers and transaction validators; which begs the question of which agency would be responsible for this legislation ( Bureau of Industry Security? Export Administration Regulations? ). Key dates to watch for this week: June CPI report at 830AM (EST) on 07/13 (if it comes in higher than the consensus estimate of 8.8%, expect for a dip in almost all markets).* Price is currently trending down at $1170 after being rejected by the lower trendline of the descending channel from October 2021 at ~$1250 on the first formal test; this not abnormal considering that it is a critical resistance in the largest supply/demand zone on the chart. Volume is currently Low and on track to favor sellers if it closes today's session in the red; the fact that Volume is low makes this rejection weak and Price still capable of a retest/breakout. Parabolic SAR flips bearish at $1015, this margin is mildly bearish at the moment. RSI is currently trending down at 43; the next support is at 37 and the next resistance at 55. Stochastic remains bearish for a second consecutive session and is currently trending down at 85 as it approaches a test of 81 support. MACD remains bullish and is currently beginning to form a soft peak at -62; though it's just below -47 minor resistance it is still technically testing -91 resistance. ADX is currently trending down at 34 and is beginning to form a soft trough as Price is facing rejection, the hint of a soft trough formation is in line with the downtrend but because it is still trending down this is mildly bullish. If Price is able to break out above the lower trendline of the descending channel from October 2021 at ~$1250 , the next likely target is a test of $1427 resistance. However, if Price continues to break down here then it will likely retest $1000 psychological support before potentially testing $776 support . Mental Stop Loss: (one close below) $1135.
COINBASE:ETHUSD
by dailytaguy
ETH Daily TA Cautiously BullishETHUSD Daily cautiously bullish. Recommended ratio: 75% ETH, 25% Cash. * Ethereum has just completed its second (and second to last) Merge trial on Sepolia Testnet and will now have to pass the third and final trial on Goerli Testnet before launching on Mainnet; that said, Core developers still anticipate the Merge to launch on Mainnet sometime in Q3. Fallout from the 3AC default continues as one of the first crypto exchanges in the world, Blockchain.com, announced today that they expect to realize a $270m loss on loans to the over-leveraged and now distressed hedge fund (3AC). 2gether, one of the oldest crypto exchanges in Spain, recently halted operations amidst the downturn in crypto . It's unclear when this massive deleveraging in crypto will be finished but it seems as if a few more liquidations or defaults would be appropriate for Alameda Research (Sam Bankman-Fried) , Tron DAO (Justin Sun) or Binance Labs (Changpeng Zhao) to really start injecting liquidity into the crypto markets.* Price has been consolidating in the largest supply/demand zone for twenty three consecutive sessions and is currently testing the lower trendline of the descending channel from October 2021 at ~$1250 as resistance. Volume remains Moderate and is currently on track to break a two session streak of buyer dominance if it manages to close today's session in the red. Parabolic SAR flips bearish at $1k, this margin is neutral at the moment. RSI is currently trending sideways at 48.50 as it pauses on its way to test the descending trendline from February 2020 (as resistance) at 55.31 resistance. Stochastic remains bullish and is currently on the verge of forming a bearish crossover at max top (where it can coast in the 'bullish autobahn' for some time). MACD is currently trending up at -77 as it tests -91 resistance with no signs of peak formation; the next resistance (minor) is at -47. ADX is currently trending down sharply at 38 as Price pushes higher, this is mildly bullish. If Price is able to break out above the lower trendline of the descending channel from October 2021 at ~$1250 then it will likely test $1427 resistance . However, if Price is rejected here, it will likely retest $1k psychological support before potentially heading lower to test $776 support for the first time since breaking above it in January 2021. Mental Stop Loss: (one close below) $1135.
COINBASE:ETHUSD
by dailytaguy
2
Double Excess Phase Peak In Bitcoin - Seeking A BottomBack in 2021, I warned of an Excess Phase Peak pattern that may setup in Bitcoin. What I didn't see happening was a DOUBLE Excess Phase Peak pattern setting up. This DOUBLE Excess Phase Peak pattern suggests the $30k to $34k price level in Bitcoin became extended critical support as price continued to navigate through the 5 Excess Phase Peak triggers. Because price has recently broken below the $30k to $34k critical support, the current price phase is a downward slide while price attempt to find an ultimate bottom (a true bottom). My expectations are that the $9500 level is where Bitcoin will ultimately find a bottom. Time will tell. Ultimately, the US/Global markets may follow a similar pattern as we are seeing a global revaluation take place. Follow my research.
BITSTAMP:BTCUSDShort
by BradMatheny
Bitcoin won't find support until is breaches $10kThe great unwinding of excesses after the COVID crisis continues. Bitcoin will not attempt to find support until it reaches $10k or lower. The US/Global markets may continue to trend lower as well as Q2:2022 earnings/revisions are likely to SHOCK trader's expectations. Now is not the time to be buying anything (IMO). Smart traders understand the risks related to Q2 earnings/revisions and will wait out the revaluation event. July 26/27 looks to be the end of a major price cycle. I suspect we'll see a bottom sometime near then. Stay cautious and follow my research.
BITSTAMP:BTCUSDShort
by BradMatheny
ETH Weekly TA Cautiously BearishETHUSD Daily cautiously bearish. Recommended ratio: 10% ETH, 90% Cash. *It's currently a risk-off market which is adversely impacting cryptos and equities, add the insolvency crisis that is currently hitting various crypto lenders and crypto investment funds and there are very few reasons to be bullish. Once lay-offs are more commonplace and the housing market sees a prolonged shock, maybe then financial markets will have priced in a recession; but as it looks now, there is still a bit of room for downward pressure.* Price is currently trending down at $1018 as it attempts to stay above $1k, it is also breaking down below two important trendlines (which happen to coincide with the 200 MA); the lower trendline of the descending channel from October 2021 and the uptrend line from June 2020 (both at ~$1200). Though we are technically exhausted on the Weekly and starting to be the Monthly, there is still room for a bit more downward pressure (the lower trendline of the descending channel from May 2021 is at ~$800 and the long-term uptrend line from January 2017 is at ~$300). Volume is Moderate (low) and is currently favoring sellers after breaking the eleven-week seller-dominant streak for one week in last week's session. Parabolic SAR flips bullish at $3550, this margin is bullish. RSI is currently trending down at 26.69 as it quickly approaches a retest of the ATL at 25.88. Stochastic remains Flatlined at max bottom for a seventh consecutive week; the longer this goes on, the higher the odds of a massive rally in the future. MACD remains bearish and continues to form new ATLs with no signs of trough formation, the newest ATL is currently at -533. ADX is currently trending up slightly at 32 as Price continues to fall, this is bearish. If Price is able to bounce here and reclaim both the uptrend line from June 2020 and the lower trendline of the descending channel from October 2021 at ~$1200 , then the next likely target is a test of $1407 resistance. However, if Price is to break down below $1k support , it will likely test the lower trendline of the descending channel from May 2021 at ~$800 before potentially heading lower to test $681 minor support for the first time since breaking above it in December 2020. Mental Stop Loss: (two consecutive closes above) $1245.
COINBASE:ETHUSD
by dailytaguy