Bitcoin updateHello everyone
I have updated BTC and some alts. I really dont like repeating myself and i am still short. I got 2x times stopped within a week. Made some small profits on friday and added again shorts. Assuming that i am wrong on the idea, my risk is clearly defined and i am in no stress. I am mostly flat this month on Crypto but made insane gains on fx so no stress. All we need is patience. These are my thoughts on BTC. I really don't see it push through 25k without catalyst but never say never. That being said i wish you a good week ahead of you and stay safe.
Cheers
ETH-BTC
Bitcoin: Short-term Outlook Chart is pretty self explanatory, but as you can see, price broke above the downward trends resistance (red line), before reversing and using it as support. This is one of many signs of a reversal. We are currently testing new resistance (blue line), but given the momentum and breaking the downward terns, we should have enough buying to break above the current level being tested.
SSV Cup And Handle Breakout IncomingThe target of the Cup and Handle Pattern is 52$.
This coin has been rallying from the levels of 8$ and there is still some steam left for the bulls to go to higher levels.
Proof of Stake has helped this project to grow big. We're still early but for the traders a level of 52$ is to be expected for the short-midterm.
Long term hodlers expect at least 3 figures.
ETHBTC - After Rejecting the Downside, We've got an Upside!ETH and BTC have quite closely correlated over recent times, with the price somewhat consolidating in this ever-tightening wedge formation. This wedge is coming to a close soon, but there's still time to profit from a few more swings!
We've received a Buy signal from CTv2 shortly after the price tested and was rejected by the lower trend line, this should indicate a move to the upper trend line - total profits of well over 5%, not bad for a few days!
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$ETHUSDT: Trend is up in EthereumVery nice setup here, now that FOMC risk is out of the way. We have an actionable long setup with small risk, if price holds over the white box below, it will steadily rally for 14 days in a row at least. After that it might consolidate or retrace (or reverse), but keep in mind that the existing rally could end up triggering a larger monthly trend, which could drive this to over 3kwithin 5-6 months, so I am keeping that in mind. For now, let's start with buying into this setup here, and over time we can figure out for how long to hold it.
Best of luck!
Cheers,
Ivan Labrie.
$BTC, TOTAl3 = Altcoin - ETH - all interesting!$BTC Doji yesterday & today it's ENGULFED
#bitcoin will likely retest 24k again
#BTC up less than 1% and #altcoin up almost 3%
Strategy still in place!
We may be getting to RIP making recent #altcoin moves look like nothing!
Let's see how $ETH handles MAJOR RESISTANCE
#crypto
ETHBTC - A Quick FakeOut Followed by 5-15% DeclineHey guys - Just taking a quick look at ETHBTC and it would seem we've experienced a little fakeout above trend levels only to experience quite a sharp decline to the point of breaking below recent support.
There is still strong support located around 5% below current price so this may act as a natural level to reject the downward momentum - or ETH may well break below this level too on it's descent to an overall 15% loss.
Either way we've got a Short signal from Crypto Tipster v2 and if the last 2 years of signals are anything to go by, we trust this to provide some good results!
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Bearish divergence between RSI, MACD & Ethereum price 1DEthereum could be ready to move lower as the daily chart shows the MACD with a bearish crossover. The RSI also began a new downtrend.
Bitcoin is close to turning over on the MACD, but it didn't happen yet. We could see a bigger drop over the next few days into next week.
Of course, we'll have to see how the market interprets the Feds meeting on 1/31 and 2/1.
Bnb Was Never Looking So attractive Over All Moving In Ascending Channel
Bouncing Comfortably From Trendline Now Also Consolidating In Triangle Too Once Got Cleared Im Expecting Test Of Upper Trendline Of Descending Channel
For confirmation We are Using 50ema Whenever Bnb Crosses 50 ema Its Makes New ath
Keep Eyes On bnb Forb Breakout