📍Extremely bullish on EthereumThe 0.61 Fibonacci level is now the minor support for the price.
I would like to see a break of the descending channel starting from the previous all-time high as a sign of bullish confirmation.
Based purely on the structure of the chart, a move up to retest its all-time high is a probable case.
Disclaimer: This is not investment advice. This is for educational purposes only.
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Best Regards, Reda Souhail™
Imredasouhail
Bearish Shark Harmonic pattern of the CMEAs you can see it formed out the CUP AND HANDLE on the Daily Time Frame.
whereas we can see after breaking out the neckline it filled out the gap of the CME from 45570 to 48460 which is why we saw our initial rally.
After it, however, it formed out the Bearish Shark Harmonic pattern which interprets into a potential Bitcoin correction down to $52,500 or $50,500 before a stronger continuation.
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Best Regards, Reda Souhail™
USDT.D Chart update#USDT.D 4H Chart update
USDT.D has been moving in a downtrend on both HTF and LTF.
However, it currently broke out from the descending channel on LTF where it could be reaching 3.01% before moving down again. However, if it breaks through that level, we would be expecting a rejection from the 4h breaker else it would be breaking previous highs on HTF that could result in bullish moves which is not expected.
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Best Regards, Reda Souhail™
Bitcoin important updateA year ago $BTC was $11,000 and $ETH was $320
A year later everyone is panicking because $BTC is $29,000 and $ETH is $1,700
The lesson here is don't worry about short-term price movements when you're in it for the long run.
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Best Regards, Reda Souhail™
Alts pump next!#BTC.D massively pushed to the upside enters its major resistance area of 44.01% - 44.37%.
#alts should dump hard but #BTC move compensated that.
We have a good chance that #Dominance will fall from here which tends to rise in alts, if #BTC stables above $50,000
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Best Regards, Reda Souhail™
The next leg is gonna be Huge let me tell y'allThe huge #Bitcoin bull run started almost 12 months ago this week...We are up +312% since then.
The next leg is gonna be Huge...big bullish volume is coming in.
Now we are moving sideways...We need to break through this $46k local resistance to really get going although don't be fooled there is still a lot of resistance to breaking through.
Secure your daily profits and don't panic selling your holdings.
Lastly don't forget to buy the Dip!
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Best Regards, Reda Souhail™
Descending channel AUD/CHFThe descending channel pattern is often a bullish signal for long positions after a breakout confirmed with a retest off the support trendline.
The pattern is followed by lower highs, after an upside penetration of the upper trend line.
The penetration is perfect for going in a short position.
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Best Regards, Reda Souhail™
Cardano Partnership Announcement#Cardano is increasing on-chain DeFi activity through collaboration with UBX.
They launched their own public stake pool where stakers can now earn rewards on their ADA for helping to secure & operate the Cardano #blockchain.
That's a good sign for $ADA holders.
The price is in a downtrend we might see a bullish reaction in the upcoming days.
A breakout and a retest above the ascending channel trendline will give Cardano's price a nice push-up.
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Best Regards, Reda Souhail™
Crypto Market Daily OutlookBitcoin Dominance is testing the trendline and bouncing from there.
Bitcoin Dominance is still bullish and with BTC high volatility we see more blood in alts market.
Dominance will go to 44% levels in the next couple of weeks.
The major support is 40% and breaks below will lead to a good rally in altcoins.
Market gainers are currently much bigger than losers and volume has picked up dramatically for this to be a Sunday trading session.
ETH and ADA remains the highest volume pairs and we’re likely seeing a weekly close push in the next few hours.
Get ready for it.
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Best Regards, Reda Souhail™
Bitcoin cup and handle pattern studyOne of the classic price patterns of traders is the Cup and Handle pattern.
This pattern is of particular interest to experienced traders when it appears.
Today, I’m going to apply this special price pattern To the bitcoin chart.
An important Zone that has been playing a major price action manipulation is the :
52800.00
52200.00
The cup of the pattern is a long-lasting price accumulation and recovery period.
The handle may go down till the 40k-38k zone before a bullish continuation back then a breakout and we will see new highs during the Q4, 2021.
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Best Regards, Reda Souhail™
$WAVES/USDT (3-5x) Direction LONGProbably the final grind down before a mid-term breakout, laddering orders all the way down to The lower range.
A breakout of the downtrend line will be followed by a nice rally and give us some huge profits.
TARGETS
Short Term: 24.40 - 24.80 - 25.50 - 26.50
Mid Term: 27.50 - 29 - 31 - 34
Best Regards, Reda Souhail™
Get ready for a ridiculous weekend win with $LTCI'm Bullish on this old baby girl.
Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology.
after the last pump and dump, it has been showing off the interest of people in it.
Get you some my targets are 152-155-160-170-180-210.
Reda Souhail™
$THETA is a beast watch it outTheta (THETA) is a blockchain-powered network purpose-built for video streaming.
Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.
The project is advised by Steve Chen, co-founder of YouTube, and Justin Kan, co-founder of Twitch.
My entry on the chart is clear also as my stop loss.
My targets are :
Target 1 - 5.20
Target 2 - 5.30
Target 3 - 5.40
Target 4 - 5.60
Target 5 - 6.00
Target 6 - 6.70
7.50 - 8.50 - 9.70
Reda Souhail™
New Resistance area over the last 14 daysThe New Resistance area over the last 14 days is making the pullback of bitcoin price kinda slow and the good thing is we are still above our major support level.
Up probability 49% Down 51%
In the next upcoming days, I'm predicting the bitcoin price above 47k.
Reda Souhail™