KNCBTCKNC breaking the next top could go to around 0.00001735 btc. It is currently in an uptrend confirmed with the RSI.
Cryptotrade
XRP update!1H hammer formation
4H hammer, down on FIB.
1H 6 spikes down to this region - 29700
Sellers showing weakness
Bias LONG.
Tho we can clearly see 1H head and shoulder.
It might go down 29400 before further upside.
Have a good day.
Trade Range in BTC - CAUTIONAfter breaking a symmetrical triangle and bumping into resistance the BTC has dropped 5% on a single candle in H4 and for the past few hours has been doing several DOJIS, which could mean a sellout force taking into account the low turnover. . We have another strong support in the region of $ 9021.00 and a resistance at $ 10048.00. We can stay in this price range for a long time.
Accumulation Region? - ZILBTCThe currency is apparently in an accumulation phase in a support region of about 13 days. The RSI indicates an LTA which could mean a good trade in the next few hours. With initial target in the EMA200 region, breaking times a rest for a new ascent to the next resistance.
Bullish channel - ONTFollowing a bullish channel after the breach of a bearish channel the currency created a support at 0.00001025 where it coincides with the bottom of the channel. But we have some resistance warnings along the way and one of them is the EMA200 followed by a slight pullback resistance at 0.00001148. Worth to be aware.
WAVESWAVES is in a two-day accumulation phase. Making good support at 0.00001382 you can go fetch resistance at 0.00001662 giving a good profit to the starting target. At another time she may lose this support and come fetch 0.00001306 for a steeper climb.
Pink Lines: D1 Studies
Green Lines: H4 Studies
KMD BTCBINANCE:KMDBTC making a symmetrical triangle, at the moment the price is touching the LTA along with MACD H4 Crossing. For the short term you can get the top of the triangle and already have a good percentage of profit. For the long term one can wait for the triangle to break and seek levels around 0.00001416. I emphasize that one must be attentive to the movements of the BTC before making any entry.
XRP - Accumulation?The XRP seems to accumulate over the days for a new rise. Comes respecting the short-term LTA with making upward tops. If the BTC continues without large movements we can make a good profit in the next few days with XRP, breaking resistance and initially looking for EMA200 in H4
TNTBTC - Continued uptrendThe coin remains on top of its long-term LTA doing a set of accumulation, observed with more attention the formation of a small jute triangle with the LTA reinforcing the probability of rupture and continuation of the bullish trend. Long-term targets in red.
THETA - Symemetric triangleTheta forming a symmetric triangle with high probability of profit. He broke the EMA 200 in H1 and could fetch EMA200 in H4 for the long term. Entry at 0.00001080 with initial output at 0.00001179.
EOS - Double or triple bottomEOS does double bottom and if we analyze the D1 it stays as a triple bottom which means that it is in good support with great probability of profit in the next hours. MACD and RSI also indicating loss of sales force and increase in purchasing power. Initial target at 0.00005281 and in the long term we can go up to 0.00006627
EHTBTC - Double BottomEth has formed a double bottom in the diary and already shows trend reversal in smaller timeframes. The MACD is also indicating long-term buying. First long-term target would be around 0.0324 trying to fetch the EMA200 giving investors approximately 18% profit.
ENJBTC - PUMP IS COMING???????Currency breaks its low channel and in the last hours made candles of purchase with good volume. High probability of short and long term profits. Watch out for the next few hours.
ADABTC - LTAHigh trend line being respected. However it is in a strong resistance, being broken can give about 7% profit. Short-term trade.
GTOBTCGTO reaching a fund that gave investors a gain of approximately 60%, the MACD indicator crossed its averages which gives us another sign of possible high. In another probability the currency may come up to around 0.00000300 its last fund and from there ascend.
BNBBTCDue to the high of #BTC there was a 13% drop in the last few hours losing the RSI LTA, but support at 0.0036986 managed to hold the price well. The formation of two hammers in a support region reinforces movement to high. The price can go for regions between 0,0040966. We will have to see how the BTC will behave in the coming hours and how that will influence the BNB.
Continuation on Bitcoin or first some retracement -> altseason?New weekly write-up on the perspectives regarding Bitcoin.
Let's first start off with a small summary of what happened in the past week. Bias was pretty much bearish when we were hanging around at $4,200, which you can see in the past posts I've made. I was short on that position, however when we dropped down on the rising wedge and kept the channel in place, the bias switched to neutral (checked last post) and the shorts were closed. Went long on some alt pairs as these were looking beautiful.
Bitcoin ended up with a massive breakout upwards. Great for the market, great for the sentiment and great for the vibe in the community, obviously quite happy with that.
We did break two downtrends, which in general is key for me to think of bearmarkets coming to an 'end'. Will this mean that the bearmarket has ended? Most likely it is, however a retest of the lows is still likely for a 'spring' or range low test. Does it mean that you have to FOMO buy at $5,000? Nah. You don't have to. There's always a second chance in trading and when you didn't want to buy Bitcoin at $3,100 anticipating a further crash, it's adviced to review your own strategy, as we've seen some beautiful bulldivs there showing a push upwards already. If you started shorting in that area, that's also an advice to review your own strategy.
So, what is the game right now?
I'm short term quite neutral on the market. I'm pretty confident we'll see the upper old support as a test in the coming month to see whether we can confirm that as resistance. In the previous bearmarket and in general on bearmarkets it's common that previous supports are tested as resistance. So, in that light I'm expecting a continuation upwards to the $5,800-6,200 area.
However, currently I'm quite neutral back again. The gameplan is quite easy.
Scenario 1 - Retrace towards the $4,700 (200MA on Daily timeframe) or $4,400-4,200 area, which would be quite healthy for the market and also gives space to the alts to start rallying again. Normal to be seen after such a big impulsive move is to see the market calming down, volatility going away, volume going away -> Great for alts. In general (broader market perspective) I'm thinking that alts are ahead of Bitcoin and might not see new lows again, some of them.
What is the gameplan in this scenario? Definitely not shorting in this zone, quite foolish. I'm looking for a bullish continuation pattern ending at the $4,700 or $4,400 level for a long entry. I'd prefer to see a short term retrace towards $4,700 and continuation towards $5,700-6,200 afterwards instead of $4,200 already. I'd like to see $4,200 to become the new support after $6,200 for continuation, but that's me.
Scenario 2 - We range here and will move upwards to $5,800. I'm not expecting that $5,800 is the level we'll be bouncing of at this point. It's a one time touch from before, the main old support is around $6,200 and expecting that we'll be trapping in to that range to squeeze some limit buys before reversing. Breaking the '$5,800' would be critical for retail traders to step in. Will we clearly make a candle close above this range, a re-entry is obviously a long entry, but at this point I'm not expecting it.
So, if we range upwards from here, I'm looking for shorts in the upper zone.
Overall, I'm expecting calmth on the majors at this point and not particularly expecting to see movements upwards. Probably later in the month. This will generally end up with alts to be pushing up quite hard. Some of them look beautiful -> WAN, NEBL, HOT and more.
Thanks for reading, will be back next week!
Break out to come XRPXRP is as usual at it's famous trend line.
I will make this short as the scenario is pretty repetitive. You may be seeing, some strong manipulation around this zone to wipe out the stop losses.
I'm stupid so I don't have any, all I have are buy orders :/ I don't recommend doing like me tho... Risk management is the most important thing in this game.
Over all, we should be seeing some targets being met,
0.32 with in the next 12 hours
and maybe after that 0.33/0.34, depending on the momentum.
If we sustain levels under the trend line, we might see a big downside movemnt so do be aware.
Watch out with FETUSDT at this point! Be careful with FETUSDT! We see bearish divergence on the 1 minute chart and it looks like we have a complete rising 5-wave sequence. It needs to push trough 0.45 to become impulsive!
Hope you have your seat belts on !! XRPHi,
So I am going to wright this calmly to properly explain what is happening.
As usual, I was working whilst having the market a screen so I can always see it. So I was following my strategy when suddenly huge news comes out that XRP will be listed on Coinbase. As we all know, when ever XRP a coin gets listed on Coinbase it often gets a huge rise in price, so I rush to my computer and see we already went up 10%. Now, luckily I had a tiny trade in with no take profit (always good to have one after a steep drop).
The reason why this listing is even more exciting than others, is that it is with XRP and XRP is like no other coin, it haves a big support within the public community.
So for those wondering why such volatility, I am guessing insiders drove the price down bought big time and now it is on it's way for a short bull run. so I bought a big position even after the 10% rise as, we might even see a 100% rise here, the crypto market is not to be underestimated. It suprised us more than once, so this could be very interesting.
Hopefully we will all make money from this trade, have a wonderful day !
Trading opportunity set up, XRPHi,
I thought I would give you guys a little money making opportunity if you missed out before yesterday, no worries.
First trade opportunity: buy at 0.315 and sell at 0.324, which is 2.8% profit. Next target, 0.341.
Second trade opportunity: buy at 0.305 and sell at 0.315, which is 3.2% profit. Next target, 0.324
In both cases, you want to sell a part of your holdings at these target, move your stop lose into profit and let the rest run the next targets.
I kept it easy, this is more me just giving a free set up, so enjoy. Remember to enter your stop losses.
Don't forget, I am not a professional, taking this trade is at your risk, maybe this time look if I am right and if so, you can follow my next trdae set up (although I will not be giving free set ups that often, I am not here to run a signal group !
I am here to share my trades and point of view
Happy trading,
Have a nice day,
Piers Thackray
Become_you_best_success
