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BTC bullish move Bitcoin overperformed my bullish targets and pumped to 7800. Showing week chart to understand what's going on. First resistance zone left after November/December 2019 is the one that stopped the pump now. Next will be zone between 8000 and 8200 (roughly). Can be hit within this week. But since any major BTC move requires decent amount of liquidations, I believe it is possible that before halving Bitcoin will pull back to 7170 or 6400 again. Resistance: 8050 - 8200 - 8300 - 8550 Support: 7300 - 7170 - 6855 - 6625 P.S. 17 days and 22 hours till halving. Don't expect price to pump on the same day. It never did before. After halving there might be a month of consolidation and uncertainty, before it start growing.
BITMEX:BTCUSD.P
by WiseAnalyze
2
ETH retracement stage After making new HH at 189.54$, Ethereum started retracement stage. If everything will happen as before, after two impulse moves up and forming top with lower high, there should be a pullback to 0.5 Fibonacci level - equal to 169$ at the chart. Possible dip lower to 0.382 Fib level at 164$ - that would be an amazing long position entry. Short zones at 180, 182$ and 184$. Stop loss at 187$. Support: 175 / 169 / 164 / 158 Resistance: 180 - 184 - 187 - 195 Week chart with exponential moving averages show, that ETH is reversing from downtrend, but another pullback is possible. Final target for this move is 150-155$, but that may take several weeks.
Short
by WiseAnalyze
1
Bullish or bearish - 21 day before the halvingThis review is continuation of previous topic. Since no one read old reviews, decided to create a new one. CME Futures gap closed. Its not a bearish signal, but one of reasons to push price higher now is gone. Bitcoin above ~6100-6130 support. This can be a starting point both for bullish or bearish move. If you check week TF, price was trying to break ~7300-7400 resistance for 3 weeks in a row, and so far failed. Same period that is left till halving. While the big trend seem to be bullish, I expect price to roll back couple of SR levels, probably below 7k, before it receives enough liquidity for another bullish breakout. This theory will be invalidated if price grow above 7300. Resistance: 7170 - 7220 - 7300 - 7475 Support: 7030 - 6960 - 6900 - 6775 Couple of charts I find interesting and helpful for analysis. 1) Week line chart show price is under important resistance level, with slowing bullish momentum. Same line chart but at 4H timeframe And same timeframe, but with exponential moving averages only - this shows the trend very clear.
BYBIT:BTCUSD.PShort
by WiseAnalyze
1
BNB bullish news BNB hit all the targets given previously. Now that they issued the news, got to close 4H candle above ~22200 to start the growth. Otherwise someone may sell the news and push it to one of lower support zones. But in general and long term I am very bullish for BNB. Support 22150 - 21780 - 21375 - 20833 Resistance 22550 - 23000 - 23700 - 24800 - 26000 Week chart with 20EMA true range channels: News: Binance Chain Community Releases Whitepaper for Enabling Smart Contracts Smart Contracts BNB Staking Open Source EVM Compatible Fast Block Times Low Transaction Costs Read the full Binance Smart Chain whitepaper here: www.binance.com
Long
by WiseAnalyze
BTC story after the dumpOriginal review forecasted the dump. Sure I didn't expect such a huge dump, but who could have imagined the scale of Coronavirus panic and impact it will bring to the whole world market. And now we have this... Bitcoin drawing a new strong SR zone within 5200-5400 range. Volatility range 4500 - 6000. Huge in common sense. Market still haven't decided on direction. Although I tend to think that local bottom was already formed, chart has no confirmation for this, so its only a feeling. Furthermore chart is still very bearish. Price under all exponential moving averages (except 21 at 4H timeframe). Nearest support at 4590 is weak. Stronger at 4000-4100. Not sure there is any support left at all, as this area already taken by original dump, so I don't advise using leverage here. Better don't trade at all or scalp in and out. Mid term swings can hurt a lot at this stage. Resistance: 5470 - 5650 - 6500 - 7150 Support: 4590 - 4100 - 3700 - 3400 Fear & Greed index: 8 (<= 9 <= 12 <= 8 <= 10 <= 14) BTC Dominance: 63.6% (<= 64.1 <= 63.7 <= 63.8 <= 64.1) 24h Volume: $150 billion (<= 122 <= 109 <= 178 <= 264) Yesterday BTC dominance pumped and dumped within 3 hours, and ended up at more or less the same value. Another proof market doesn't have an idea where to go.
BYBIT:BTCUSD.P
by WiseAnalyze
LINK bullishLINK it bounced from 450 support and showing some promising bullish movement and volume. Fibonacci retracement suggests that in case of breakout of previous higher high, LINK price can get to 535. Most probably it won't happen in one pump. We might see some consolidation for a while. Now at 477 resistance - the first strong line that can push price back. Keep in mind that at week timeframe LINK is overbought. So only god knows when it will stop. This could be the last push, but that last push can be huge (if BTC allow)
by WiseAnalyze
Bitcoin Trash analysis BCH bounced from 34200 which was also 0.382 Fibonacci level. Good bounce zone to stop retracement and start consolidation stage. At the same time this bounce couldn't take it above 0.5 Fib level, so BCH is still in risk zone of dumping lower. You may use below zones for swing trading between them. If today candle close above 36000, it will be a bullish sign. Support zones: 34200 - 33100 - 30350 - 28500 Resistance zones: 38200 - 39000 - 40000 P.S. Prices at Bitmex are the same.
by WiseAnalyze
BTC on an edge of falling into retracementThis review will continue previous one Hope everyone followed yesterday recommendations (telegram daily BTC review) and were cautious with alts. We caught BTC dip at 9500, but its time to admit that BTC is going into retracement stage (almost there unless it will pump today and change everything completely in several hours). Main support was at 9600, and since it is left above and act as resistance, hard to say, how long will 9500 hold and if there will be another mini bounce before the dump. Price is magnetized by lower SR zones at 8900 and 8550 and will get there sooner or later. This will be my long entries - catching dump wicks there. Today is still the day of cycles switch, so some sharp move is coming. New cycle is starting, sharp move is coming soon. With all said above I still think that big picture is bullish. Just as a reminder take a look at this cycles chart.
BYBIT:BTCUSD.PShort
by WiseAnalyze
5
ATOM potential end of retracementATOM also making a bounce. Resistance at 5000 and 5200. Pull back entries at 4850 and 4700 (possible wick to ~4550). But 4700 is definitely the strongest support. At day timeframe looks very promising, as price bounced from 0.5 Fibonacci level, and so that could have been the end of retracement. Targets 5200 - 5500 - 5700 If grow above 5860 (and close day candle above that value, but that is for the next week), than will start a new uptrend with much higher targets.
Long
by WiseAnalyze
ETH at important resistance Ethereum is overbought and at strong resistance. But with all that it is on hype I can't deny possibility of breakout, although consider trading it extremely risky. But facts are facts - volume is growing and support bullish Ethereum. It has already gone parabolic, so if breakout happen, next candle can be even longer, than previous, capable of reaching 0.0355. But that will take time. Safe targets are closer at 285 - 300. Bitcoin should calm down above 10k for that to happen. If will be rejected, price will drop down to 225-230. These support zones will be perfect for long entry. Make sure you have long orders there, as they can be touched by a fast wick.
by WiseAnalyze
HBAR super highHBAR grown by 578% since my Premium channel signal. Sure I didn't expect such a pump and it overgrown all the targets I could possibly think of =) When people hear words "partnership" and "Google" together, it makes them crazy ))) Now time for retracement. Or not? Google, google, google, keep up reminding myself that magic word. But not buying here for sure. My bet is on retracement, as we should sell the news, not buy them. But even with short position, I feel very bullish about this coin. It will grow high. So it is long term hodl.
Short
by WiseAnalyze
3
XRP at breakout resistanceXRP already up by 21% since we called a breakout. Now at important resistance. Not the best place to buy and since it is on hype, rather controversial place for short. In fact I feel that XRP has all the chances to grow more. It has a crazy community that supports this coin no matter what facts say, and they believe in its growth like in God. That believe means that they are willing to hold it. And the more it grows the higher are expectation. So this can grow very high. In case of breakout: Against USDT target 0.37 - 0.39 Against BTC target 3500 - 3800 In case of rejection: Against USDT fall to 0.295 - 0.27 Against BTC fall to 3100 - 3000 And for USDT pair same situation.
Long
by WiseAnalyze
LINK retracement LINK got above all time high and dumped back together with all crypto market. That was easy as it was hugely overbought. But that doesn't make it bearish yet. So if we are still bullish for LINK in long term, these zones will be good to buy back 39500 and 37000. If you like to trade really safe, wait for deeper retracement to ~34200. Unless there will be a trend reversal, LINK shouldn't dip lower. Since market shaken, I prefer lower entries. I'm ok to miss that train, there will be always another one.
by WiseAnalyze