DOT Exchange Trading Idea 22-02-20Like all cryptos, DOT is falling again. Still within the 78.6-88.6% zone but for this week or longer it is going to be rough on cryptos and all financial markets.
Exchangetrading
BTC Exchange Trading Idea 22-02-20BTC is coming back down to the 78.6% level. I think the Russian invasion of Ukraine is going to have an effect on this since Russia is a large part of the mining capacity worldwide. If there is a retaliation and their infrastructure is attacked, it may take a lot of miners offline.
ADA Exchange Trading IdeaI had to switch over to the BitFinex Exchange because ADA has broken below the all time low on Coinbase. What that means is that since the listing of ADA on Coinbase, it has reached a new low. Pretty shocking.
On this chart, you can see we are nearing the 78.6% level but honestly, technicals can only get you so much information at this point in history. With the Russia invasion of Ukraine going on, the mining capacity worldwide is in question. I would wait until that is resolved before looking at any cryptos.
DOT Exchange Trading Idea 22-02-06This is looking good. The BTC bounce is helping all cryptos but DOT really has been stronger than most. Might be the last time we see these prices.
BTC Exchange Trading Idea 22-02-06BTC has finally made a bullish turn. It looks pretty strong but is nearing the 50 EMA so once we close above, we will have a much stronger signal than we do right now.
SOL Exchange Trading Idea 22-01-30Had to move the fibs on SOL too. Bouncing off the bottom of the 78.6% level. I still expect something in the $80s
ETH Exchange Trading Idea 22-01-30Had to move the fibs because ETH broke through the old levels. So with these new levels ETH is bouncing off the top of the 78.6% zone. I would see what happens this week prior to entering.
DOT Exchange Trading Idea 22-01-30DOT is still at the 83.5% level. I would wait for a breakout and retest of the top of this 78.6% zone before it's interesting. Watch the rest of the market to see what might happen this week.
BTC Exchange Trading Idea 22-01-30Since hitting the 34k level price has been moving back up very slowly. 3k in a week is not BTC's style. Not sure if this is a retracement before a move up or a fake out before heading back down.
ADA Exchange Trading Idea 22-01-30ADA has passed the 100% level and closed below a few times over this past week. Price is actually trending lower with lower lows and lower highs.
SOL Exchange Trading Idea 22-01-23SOL has a new low like everything else. A price of $72 is not out of the question. It's a fire sale but we don't know when the bottom will happen.
DOT Exchange Trading Idea 22-01-23DOT is at the 83.5% level. If the rest of the market continues to go down, then DOT may see $15. Still not ready to jump in. I would wait for a breakout and retest of the top of this 78.6% zone before it's interesting.
ETH Exchange Trading Idea 22-01-23ETH broke all structure to the left and only has support at around $1800.
BTC Exchange Trading 22-01-23BTC made it to the 34k level I discussed on Thursday's session. I have placed in green what I think BTC will do over the next few days. We are making newer long term lows. We are at the same price we were a year ago.This is a very strong bullish pattern though. A huge W on the Daily.
ADA Exchange Trading 22-01-23ADA is nearly at the 100% retracement. Lately I don't have any confidence that price is ready to move up yet. This entire market is still interested in making lower lows. The last time price was at this level was July of last year.
SOL Exchange Trading Idea 22-01-16SOL in the middle of the 78.6% zone but this may be a retest of the selling area and might just come down after that retest. If we get a break out of the zone and a bullish retest, then we may have something.
DOT Exchange Trading Idea 22-01-16DOT seems to be showing strength from that $23.91 level. A small retracement this week but otherwise upward momentum. Currently entering the 50-61/8% zone. If you want to watch this crypto and see if it bounces off that level again it may be a good short-term idea.
ETH Exchange Trading Idea 22-01-16ETH is a little sideways right now. Not a good candidate for exchange trading but we did get a good break out of the zone, a retest and we are moving out of that area now. I am using the candles in this one so you can see the retest. Smaller moves over the last few days may be a sign of weakness but overall ETH looks good.
BTC Exchange Trading Idea 22-01-16BTC is below the 88.6% level but is oversold. Let's see what next week brings. Right now I would not do anything with BTC. Sounds familiar? Yeah, BTC didn't make any change this week. Dipped to a low around 40k on some exchanges. Seems to be coming out of the oversold area but below all but the 9EMA and nearing the top of the channel again.
ADA Exchange Trading Idea 22-1-16ADA is near the top of the 78.6% level but bounced off the 50EMA. We did not get a new low and as the market settles out we may finally be in a slow uptrend. I still want a breakout and retest of the zone before I would look for an entry.
SOL Exchange Trading Idea 22-01-09SOL is flirting with the bottom of the 88.6% level. Great place to find an entry but I am not convinced price is moving up. Check it through the week. This is a strong project and once things turn around, this will be back in play.
ETH Exchange Trading Idea 22-01-09ETH actually looks like it's in a good spot to enter. Bouncing off the 83.5% level which is a perfect entry from the 78.6-88.6% zone usually. But not sure for our goals if this will give us enough short-term gains to make it a good trade idea.
DOT Exchange Trading Idea 22-01-09DOT has bounced off what appears to be a strong level at $24 twice in the past few weeks and three times since August. That may be a floor for DOT. Still not sure how soon we will get a gain out of it though. Still waiting for the market to change overall.
