ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ALGO is sitting around a strong support in green so we will be looking for buy setups.
on H4: ALGO formed an ascending triangle in orange but it is not ready to go yet.
Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, ALGO would be overall bearish and still dive inside the support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Hodl
When will Bitcoin Break Out??Bitcoin is oscillating in the value area in the mid $30K handle. We are range-bound between $36.7K and $38.2K, currently making a run for the upper bound of this range, where a red triangle on the KRI is confirming resistance. The Kovach OBV is sloping downward, so we don't have much hope that BTC will be able to break out of this range right now, but if so, there is a vacuum zone above then $40K is our next target. Beware of the vacuum zone below $36.7K to $34.9K.
FTM - Purple War Zone!Hello everyone, if you like the idea, do not forget to support with a like and follow.
FTM is overall bullish trading inside our brown trendlines and now approaching the lower bound / trendline.
Moreover, the area 1.8-2.0 is a "Resistance turned into Support".
So the highlighted purple circle with the blue arrow is a very strong area to look for buy setups as it is the intersection of support in green and lower brown trendline.
As per my trading style:
As FTM approaches the highlighted purple circle (area) I will be looking for possible buy setups (like a double bottom, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin - BTC possibility of fake run up! Be carefull! Bitcoin has a doubble bottom which lead it up to a new attempt on breaking the falling wedge resistance and also the Asceding triangle which broke below it yesterday! But don't rush to buy or long it because we have to face HUGE RESISTANCE of the Falling Wedge and the ascending triangle and if it doesn't break above 39,3k$ we will have a HEAD AND SHOULDERS in the 4-8hour time frame! So please be carefull and wait for the proper break to the upside with the retest on the support! Now is a very tricky and dangerous time to trade without confirmations!
@CryptoDrou
Patience is also TRADING!!!!
BITCOIN POSSIBLE W FORMATION - BOUNCE TRADE Bitcoin found a Huge resistance at 39k AS PREDICTED with a drop to the downside! But there is a BULLISH Scenario ( W FORMATION )where we might found huge support at 33-34k$ which can lead us to the 42.5k level IF we break the 37.5k ( resistance at the Falling wedge) I personally gonna trade the 33-34k level up to 42.5k if we have the chance!
Trade safe and wait for instructions!
~In Drou We Trust~
Bitcoin Breaks DownBitcoin has broken down from a head and shoulders type pattern with a neckline at $36.7K. We appeared to be gearing up for a run to $40K, but $39K provided prohibitive resistance, with several red triangles confirming resistance as every attempt at higher levels was thwarted. From there, we found good support at $36.7K and appeared to be ranging between $36.7K and $37.7K. However support did not hold and we have since broken into the vacuum zone between $34.9K and $36.7K. The Kovach OBV seems quite flaccid, and we will need to see more momentum come through either way before we can expect any action. If we break down further, we could transcend the vacuum zone down to $34.9K. If we catch momentum, expect BTC to test $39K again, which is the final barrier to $40K.
ATOM - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ATOM is approaching a non-horizontal support / trendline in blue so we will be looking for buy setups.
on H4: ATOM is forming a wedge pattern in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ATOM would be overall bearish can still trade lower till the horizontal support in green, where we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcon, Wen Moon?Bitcoin is holding a very narrow range, stubbornly refusing to cooperate with a recent intermarket correlation with stocks. Although stocks broke out to higher levels, BTC has remained in a very narrow comfort zone between $38.2K and $39K. We have made several attempts at higher levels which were immediately thwarted by resistance at $39K, confirmed by several red triangles on the KRI. From here it could go either way: if delayed momentum kicks in, then $40K is our next target, which will be a significant attempt for BTC. If not, we will have support at $36.7K, and $34.9K after that, if we cross the vacuum zone. The Kovach OBV is trending downward, so watch this bear divergence.
Can Bitcoin See $40K Again??Bitcoin caught a nice pump in tandem with stocks. We were able to break $38K, albeit barely, with a wick extending up to $39K or so, before retreating to support at $38.2K. The Kovach OBV has picked up notably with the pump but has since curved downwards as Bitcoin is meeting stiff resistance at $39K. It appears we will need to wait for the North American stock session to open to determine if Bitcoin can make another run for $40K. If not, expect support at $38.2K, $37.7K, or $36.7K. After that, there is a vacuum zone to $34.9K.
Bitcoin Price Analysis For Short TermBTC/USDT is in a Downward trend, Immediate Resistance is around 39000$, And Major Support Zone is Around 29000$.
So It would be wise to sell on resistance and buy on support.
Trade No.1 - Short @ 39100, Target @ 33200, SL @ 41850 (Ignore if You Do Not Get Entry)
Trade No.2 - Buy @ 29000, Target @ 38715, SL @ 25820 (Good For Long Term Investment Also)
Only For Education Purposes. DYOR Before Investing/Trading.
BITCOIN BEARISH RISING WEDGE! BTC - BITCOIN had a nice rebounce to the upside from the huge drop to 33k, but unfortunately we are forming a big bearish rising wedge and if we don't see a break to the upside our price target is at 34-35k $ which is the last shoulder we need for the Inverse head and shoulder! But if we break to the upside the level to watch is 43.5k - 44.5k $ which is our major resistance. We also have some resistance at 40k level!.
@CRYPTODROU
Have Patience!
#DOT #DOTUSDT Parachain Auctions and longterm investmentsHello everyone,
If you are interested in the DOT Parachain Auctions then this might be one of the best moments to step in. In case of a dip to 20k btc (see btc update) I still think Dot will not go deeper than $5.5. I see this as BIG opportunity, therefore around 40% of this DCA is around the $5.5-9.5 Dot price. If we hit that, I'll longterm stake my DOTs in these auctions.. also because we can receive some very interesting ICOs, while not wasting our DOT.
Anyway, after Auctioning your DOT on the Parachain auctions.. They will release in 2 years. I believe chart wise that it could be a good price (x3 from here). Imagine all the possible profits, considering some of these auctions too.
Bitcoin Looking WeakBitcoin is maintaining the narrow range between $34.9K and $38.2K. We saw great resistance from $38.2K with several red triangles on the KRI indicating resistance every step of the way as we made an attempt for upper levels on Wednesday. The Kovach OBV is completely flat, suggesting that we will need momentum to come through either way before it makes its next move. We should have support from $32.3K if we dump further, then $31.0K, and $30.2K. If these don't hold, then we may see an attempt for our target of $29K. If we are able to muster a rally, then $38K is the level to break before we can consider $40K again.
The FOMC Did Bitcoin No Favors... 📉Bitcoin has rejected highs at $38K, following the FOMC. We saw choppy trading and an eventual dump after the Fed noted that it is entirely possible that they raise rates every subsequent meeting of 2022, while leaving them unchanged this particular meeting. This and the fact that inflation is the highest in a generation has weighed on global assets with Bitcoin as no exception. We appear to be seeking support around $35.5K, with $34.9K the next technical level lower. We saw good support at $34K if we press lower than that. If we rally, then we will have to break $38K which seems a lofty task at the moment, in order to establish a bull trend and attempt to claw back the $40K handle. We don't expect a recovery for the crypto market until after tax season.
Bitcoin Hinges on the FOMC Statement. What to Expect...Bitcoin is edging up, and appears to be gearing up for a breakout. However several red triangles on the KRI are confirming resistance at every step of the way here, suggesting downward pressure on this attempt. We have been able to reach $37.7K and $38.2K, which are strong levels coinciding roughly with a Fibonacci level on the daily charts. This will provide strong resistance, but if broken, it's a bullish sign. If we break these levels definitively, then we can easily reattain the $40K's. The FOMC statement this afternoon will be critical. Note that a rate hike is largely priced in, so if/when this happens, we are likely to see a relief rally which could take us back to $40K. We don't expect much action until then as the global markets are all eyeing this event. If we encounter resistance at current levels, we should find support at $34.9K or $33K again.
XTZ - Long-Term Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow.
XTZ is approaching a strong support so we will be looking for buy setups.
on DAILY: XTZ is forming a channel but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XTZ would be overall bearish can still trade lower inside the green.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Has Bitcoin Bottomed??Bitcoin dumped for most of the day yesterday, finally finding support at $33K. We saw support just above our level at $32.3K, confirmed by a green triangle on the KRI. Subsequently, we were able to rally back to the $36K handle, breaking $36.7K barely, and making a run for $37.7K. This is the type of buyback we'd expect at the bottom, so we will see if current levels hold. The Kovach OBV has picked up notably, but may be showing signs of waning. If we are able to keep the momentum up, then we will have to definitively break $38K before we can regain the $40K handle.