Second chance opportunity on BTCUSD (BITCOIN) SELLSBTCUSD reached the trendline that we expected it to hit last week yet it didn't push up at the time we expected but it did. Looks good for sells yet I'd caution to use a smaller lot as I'm not a crypto expert.
BTCUSD SELL
start: 10653.98
stop loss: 11311.28
take profit: 9177.00
Crytpo
Laters Bitcoin! Looking down! About to take a dive~!Bitecoin about bit off more than it could chew.... Couldnt break out. So many sellers. ALL CRYPTOS ARE DYING. No confidence.
Media regarding crypto is just BS no one is buying atm. The were gonna be rich Shaun - Your wife Samantha who bought bitecoin from cnbc coverage is about to get her wishing hat on... Denial to follow. Made a little rally big sellers are in, the fad had another little run. CRYTPO CONFIDENCE IS POOR ATM WILL HAVE TO SAY GOOD BYE FOR A LIL WHALE.
GOOD TIME TO SELL. RIP.
XBTUSD: LONGIf we surpass this resistance level, I think 17000 is not so far.
Surpassing this line will invalidate both the patterns. This will change the sentiments for existing investors and at the same time, BAKKT may give enough power via institutional and new investors. Also, we need to focus more on FA than TA on the current situation. I still feel it is possible to break both of these levels.
LONG when EVERYONE says SHORT! I was long from 9564; which has already been closed. I am looking for a new entry point.
Just my opinion, not trading/financial advice. Do your own research.
Good Day!
BTCUSD bearish below $10,600Bitcoin has suffered heavy losses after the number one cryptocurrency was strongly rejected from just under the $11,000 level earlier this week. Bulls need to move price back above the $10,500 level to secure the BTCUSD pairs short-term outlook. Overall, selling technical pullbacks is favoured over buying while the BTCUSD pair trades under the important $10,600 level.
The BTCUSD pair is only bullish while trading above the $10,600 level, key resistance is located at the $11,000 and $11,500 levels.
The BTCUSD pair is only bearish while trading under the $10,600 level, sellers may test towards the $9,750 and $9,450 support levels.
$LINK #LINK Chainlink, crucial moments on both pairs $LINKCHAINLINK/USDT
Needs to break the huge resistance trend line. $2 is a good and very crucial support.\u2028\u2028 Otherwise we're going to $1.6.
CHAINLINK/BTC
Broke a downtrend trend line but created another one, did make a double bottom but volume and bullish momentum did not enough.\u2028\u2028Approaching a big uptrend trend line so if it falls under it we’re going for a dive.
ETHUSDTThe ETH has been in consolidation since May 14 after its latest rise of about an incredible 100%. The rectangle marked on the chart shows that the price may still fetch the $ 222.00 before continuing to rise and thus increasing the pro fi tability of breaking the consolidation and going to higher levels. This is a long-term study taking into account the evolution of the BTC which can drastically change the scenario.
XRP or RIPIt is hard to consider whether you should be in the market to purchase XRP. When looking at the current chart, it is clear that price has already bounced off the three months low at $0.39. There was a sharp sell-off at $0.41 on the 4th June which will be the price that XRP will need to break through before you should be looking to buy once again.
The current price is below multiple levels of the monthly VWAP, and until we see the current weekly VWAP on Monday, I would avoid trading XRP. The price will need to move into the value area next week and must maintain a price within or above the value area (Green Area).
WARNING: With the price of XRP dropping by 20% in the last six days, I believe we will slowly move back into the value area. I have never been a big fan of XRP, but sadly, I am holding a lot from 2017 and will continue to monitor its trend. If price breaks below $0.38, then all hell will break loose as the next real buying area would be $0.30.
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PROOF To my DXY "Theory!"What is going on with BTC!?!?!The story of BTC - In original POST. To be added as sub content :)
ACCORDING TO THIS, WE ARE ABOUT 20,000$ off of where BTC should be, huh.. Go figure... Guess we need more people to FOMO!
BTC will never reach 20k $, because then all the millionairs would NOT be millionaires anymore... Everyone would :)
It is going to go in waves, keep the hype going and always touch smaller highs!
ORIGINAL POST BELOW
$LTC Runway Being Cleared for $65+The trend continues as the bears fight to maintain dominance over the stock, however it is more than clear now that $3,100 was the bottom for Bitcoin and that the trend towards the Halving date has started. In anticipation I predict alot of movement from all Coins, however, I will not be playing the ups and downs instead this year I plan on actually Hodling and seeing if I do make more this way or if I would have made more from trading the coins. My analysis stems from the fact I could have made $250,000 last year had I held $LTC and sold at the top, however, instead I only made a measly $25K trading crypto. I stark difference. After this experiment I will combine the two tactics for the next period which should start in 2022 The top on this leg will be hard to predict as I expect substantially more FOMO this time around since nearly 30%+ of the world had heard about Crypto and knew what it was and its different aspects in 2017-2018 and 1% or less actually traded it. Now I predict 2-3% of the world to finally jump in doubling or tripling the money flow this and next year. I also anticipate about 60%-70% of the world to finally know and research it. My personal target will be $1000 LTC but I do predict it to keep going to around $1500 based on the money flow that should be coming, I also anticipate BTC to reach around $40,000
I will continue to update as the weeks and months go by.
PHXBTC long with likely over-performance Previous idea got removed due to twitter link. Likely to pop due to volatility consolidation.
HAS THE TOTAL MARKET CAP FOUND ITS RANGE?This will be interesting to see, the market cap is dropping into to some massive support ranges from last year. These ranges in my opinion will be were we range for the next few months. The range highlighted is the most supported range on the weekly for a while. If it breaks below this range, alot of coins will go to zero and the weeding out will begin. That is also possible. I really think with this low of an RSI on the weekly almost at 30. We dont see too much more selling commence. I think we sideways range and accumulate here for the next bullrun. Coins are back at some of their bottoms but a lot need to still go even lower. Im not saying the bottom is in, im just thinking were a bit closer
BTCUSD TESTING TRIANGLE RESISTANCEBitcoin is now testing key resistance from the top side of the well-defined symmetrical triangle pattern, as the entire cryptocurrency market start the new trading week with a strong bid tone. Buyers still need to clearly move price above the $6,760 level to change the short-term bearish sentiment surrounding the BTCUSD pair. Sellers need to push price below the triangle pattern and break the former weekly trading low.
The BTCUSD pair is only intraday bullish while trading above the $6,760 level, key resistance remains at the $6,550 and $5,760 levels.
If the BTCUSD pair trades below the $6,300 level, sellers are likely to test towards the $6,200 and $6,050 support levels.
ETH-USD Short Update - Bear Flag Breakout Sub $100 Potential This is just a brief update to the Bear Flag Pattern I have been following in ETH-USD. This pattern started to present itself back in early September when ETH dropped out of the $280 range all the way to low $170s on September 11th - September 12th. The bearish flag pattern is forming nicely and has been confirmed by multiple data points over the past two weeks. Within the original large yellow bear flag pattern charted, another smaller blue bear flag pattern also appears to have formed. If ETH crosses the lower bound of the smaller blue bearish flag then I believe it will quickly cross the yellow lower bound and lead to a large downwards breakout.
The larger yellow bear flag pattern's second leg down (the start of the blue flag) was a smaller dip than expected. I believe breaking the yellow flag at this point will result in the large downwards breakout originally expected (green line down).
I am posting an update and new idea related to this position because I am keenly watching the MACD on both the 8 and 4 hour windows. The last time the MACD fully crossed down on the 8 hour we saw decent price movement downwards from the upper bound of the yellow flag which formed the new smaller blue flag within the original pattern. Yesterday I posted an update since it appeared it may cross the 8 hour soon. This is illustrated by point "A" on the MACD and the ETH chart. The cross was denied yesterday but it looks like we are close to another downwards cross, see point "B" on the chart.
Since I am trading high leverage I am waiting to enter until the trend fully breaks out. I am looking for a clear cross on the 8 hour before I enter. I believe these current prices could be a fair entry point but ETH is especially volatile and I don't want to get wiped out by leverage before we see the downward movements I am predicting. I am setting up entry points from $220 down to $210, even $205 depending on momentum, if this is the breakout I am expecting we could see a price decline along the length of the green line of the larger bear flag. We could see sub $180 ETH prices in the next 2-3 days if it breaks now.
I will not be entering this trade until it crosses. I think it could be profitable to enter now but that is up to you as an individual and your risk tolerance.