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Can Bitcoin Break $25K??Bitcoin surged past our resistance level at $23.9K. We came very close to our next target at $25.1K, before retracing back to support at $23.9K. Now that the markets feel that the Fed will start to soften their hawkish stance, markets have the green light to rally. But it has been slow and steady for Bitcoin. The level $25.1K remains an upper bound, and the target to break before reaching higher levels. If $23.9K fails to provide support, then there is a vacuum zone below to $22.4K.
BITSTAMP:BTCUSDLong
by quantguy
SAND - Think Outside The SANDbox!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. SAND rejected a strong demand zone and round number 1.0 so we will be looking for buy setups on lower timeframes. on DAILY: SAND formed a valid inverse head and shoulders but it is not ready to go yet. For the bulls to take over, we need a momentum daily candle close above the gray neckline and red trendline. 🎯Targets => Our first resistance / target would be around 2.65 so I will be monitoring price action there. If we break it upward (purple projection) then a movement till 4.7 would be expected. Meanwhile, until the buy is activated, SAND can still trade lower inside the demand zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:SANDUSDLong
by TheSignalyst
29
Bitcoin Dips Deeper into the $20K'sBitcoin has rallied to highs at $23.9K and immediately retraced to support just above our level at $22.4K, which we predicted here. That highs at $23.9K is a formidable one, and was expected to provide strong resistance. If we break through it, then $25.1K is the next target, but it will take a lot of momentum. We don't expect much action before the CPI print this morning at 8:30AM EST, as the markets are watching this for a gauge on inflation. If we continue to selloff, then the $20K's should provide support, specifically at $20.7K.
BITSTAMP:BTCUSD
by quantguy
Bitcoin Hits $24K! What's Next?Bitcoin got a strong burst of momentum, taking us to the next target of $23.9K. Currently, we have broken just past that level and are testing $24K. We are seeing genuine momentum come through and the Kovach OBV has picked up to confirm it. We are on the precipice of the vacuum zone to $25.1K, which is our next target. If things turn south, then we could retrace back to $22.4K. After that, we would return to the previous value area Bitcoin held between $20.7K and $22.4K.
BITSTAMP:BTCUSDShort
by quantguy
Ethereum Tests Higher LevelsEthereum pumped and broke into the cluster of levels we have been discussing all week. These levels have given ETH a lot of troubles lately, and we just can't seem to break past them to hit our next target of $1821. Yesterday, we saw a lot of resistance from $1653, the where the cluster starts. A few days ago, we rejected $1748, the last level in this zone of resistance. Currently we are contending with some levels in between, with a red triangle on the KRI confirming the resistance. It is unlikely we will be able to break $1748, but if we do our next target is $1821. Watch for support at $1653 or $1547.
BITSTAMP:ETHUSDShort
by quantguy
3
Bitcoin Holds the RangeBitcoin is holding the range between $22.4K and $23.9K. We are slowly edging toward the lower bound of this range. The NFP employment numbers today may not help things for crypto because there is a strong likelihood that the Fed will raise rates further, by at least 50bps at their meeting in September. Also the strength in the dollar suggests that investors are sitting heavy in cash for a while. Curb your enthusiasm for a strong crypto pump any time soon. Watch for support at $22.4K. If we break that, we should see further support at $20K.
BITSTAMP:BTCUSDShort
by quantguy
2
LINK - Wait For It!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LINK is rejected a strong support and round number 5.0 in green, so we will be looking for buy setups. on DAILY: LINK formed a valid wedge pattern in brown but it is not ready to go yet. Trigger: for the bulls to take over, we need a momentum candle close above the last major high in gray (11.0) Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green. In this case, we will be looking for new buy setups to form around 5.0 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10
Bitcoin Falls Short of $25K, will it Retrace Further?Bitcoin has broken out past $23.9K, then immediately retraced back to comfort between $22.4K and $23.9K. We appear to be seeing a head and shoulders type pattern and if so, this will signify some resistance and perhaps a further retracement. If that is the case, expect support at $22.4K, then there is a vacuum zone down to $20.7K. The Kovach OBV has established highs but has rounded off gradually. If we are able to see more momentum then $25.1K is the next target.
BITSTAMP:BTCUSDShort
by quantguy
BTC manipulation at its max.As i have stated yesterday about the btc prices been bearish. BITSTAMP:BTCUSD as you can see the price movement yesterday was ridiculous, tricking many, many people going into long positions. the buy volume was so little but with a massive green candle is corporate funds exiting the position after jacking up the price for retail investors. Dont fall for it next time when you see little buy volume with a large green candle. we are still on track for the short position i have stated yesterday at the 23233 area when it breaks we trade.
BITSTAMP:BTCUSDShort
by ciythex
BTC - 28K See You Soon! ETH Analysis insideHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been overall bullish from a medium-term perspective for the past two weeks. BTC is trading inside the rising channel in red and yesterday the bulls managed to take out the previous high signaling a trend continuation. So yes, as per my last couple posts here, I am still expecting a movement till the 28k-30k resistance / supply zone. As per my trading style, I will be waiting for BTC to retest the intersection of the gray zone and lower red trendline to look for buy setups. Knowing that we can go up to 28k straight from here, that we can see better on ETH on ETH, we are bullish trading inside the rising red channel, and it is currently stuck inside a consolidation in the shape of a pennant. For the bulls to take over, we need a break above the pennant and last minor high in blue. In parallel, if the bears kick in and break the pennant downward, then a movement till the lower red trendline would be expected, where we will be looking for trend-following buy setups. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
58
Bitcoin Rallies Again, Meets ResistanceBitcoin broke out and is hovering just under relative highs. We caught a nice pivot from $20.7K, but resistance from $23.9K is proving prohibitive at the moment. The Kovach OBV has picked up, but we must first break this barrier at $24K. It appears that some life has returned to the markets, as the GDP numbers yesterday indicated, by definition, that we are in a recession. This means that the Fed will have to turn to more dovish rhetoric, which may reinvigorate buying interest in stocks and crypto. If so, the next target is $25.1K. If we retrace, expect support from $20.7K.
BITSTAMP:BTCUSDShort
by quantguy