BTC UpdateBTC unable to hold above the $37,300 support zone. Market again looking weak after the Elon Musk broken heart emoji with Bitcoin. The two days bullish moment is broken. BTC should hold the $36,500 area otherwise we are going back to the $35,500 area. BTC need some big positive news to break the $40,000 and again turn the market bullish. Until then its keep hanging in the range of $30,000-$40,000.
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Update
DOGECOIN ANALYSIS JUNE 2021
Doge has made a signifcant downtrend way before most ALTS fell now news from supporters of Dogecoin pushing for Doge payments could see Doge increase significantly with projections of +60%
Looking at the 12 hour charts there is some confluence happening between the EMA and MA's lines while the 4hr chart shows approaching the MACD trend line soon we expect some moves. Doge seems to be consolidating.
The key resistance right now as shown on the chart 0.27 if Doge falls below this we should see the price surge even lower.
With some key volume in the month of June and a break out of the resistance zone 0.27 at coupled with a meeting of the MA 9 above the MA 50 we would likely see Doge moving sideways before making an upsurge.
With the support of Doge we could see it rise to $1 now would be the perfect time to grab this Doge opportnity.
Disclaimer:* Not financial advise. Please inform your decisions off your own anaylsis.
Thanks
Marlene
$BABA June Update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team is still up from our previous $BABA entry at $207 per share. The stock now sits at $219.
Our stop loss is also now set at $208 (above our entry), but clearly our long confidence in $BABA has increased, and so has our price target. Our first take profit has increased from $238 to $260.
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BTC update. indecision.Bitcoin is caught between levels at the moment. More sideways movement means a wedge is wedging.
I feel like my analysis of bitcoin is like the observer effect in particle physics, and how the act of observing something changes it. I think the observer effect is a thing for trading too, because when people see a strategy overplayed they start to counter it rather than side with it. Contrarians.
It's also possible I'm trying to explain to myself how lazy I am, and I'm using tradingview as a medium. Why not both.
BTC/USDTBTC UPDATE:
Finally we got monthly close of BTC and it was ok for Bulls.
Bulls showed some strength and now they are holding stronger than before. Currently BTC is around 36800 dollar area.
As long as we are above 34000 dollar area, bulls will be have their time. If we break that, trend will change in LTF.
We are in range bound market from last few days and this range is happening between 30000 dollar to 41000 dollar area.
Break of the range will give more clearance. These are the times when we need to be patient.
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BTC UpdateI am starting to like what I see develop on BTC here. Range lows are holding for now $30-$33.5k range has been strong support. Rinse and repeat until broken. Buy range lows - sell range highs until we either breakout or breakdown. As I’ve said hundreds of times I believe and I really want to happen which will be healthy is for Bitcoin to range and consolidate here for weeks - months.
It has been a relief to take some time off the charts and do the things I couldn’t do the last few months as we grinded hard.
Starting after weekly close, I will be looking for more trades both ways and not just on the long side.
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BTC UpdateBTC reclaiming the triangle again. Waiting for the candle close for more confirmation. BTC should hold $35,500 and flip it as strong support to remain inside the triangle. Market is volatile, just sit back and watch. Don't do futures or margin trading until the picture is clear.
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NASDAQ - THE NEXT STEPNASDAQ:
The next step has to come. The Nasdaq also took a break and went through a slight consolidation phase yesterday. He was about to hit the first resistance at 13,818 ..
The Nasdaq has to exceed this level for my scenario to take place with a high degree of probability. Currently I would say that the probability is 60%.
But the current weakness also shows that alternative 2 must not be forgotten yet. This alternative would mean that we will see prices at 12,600 again. That would be the case if we fell below 12915. In the current scenario, this cannot be ruled out because we are still below 13,818! For this scenario, however, I see a lower probability.
In the closer view everything looks intact to me. In the 30min chart you can see a yellow box. We could correct in this price range before running to 13,818 again. The nasdaq currently only needs a little oxygen;)
Summary:
Only with an increase above 13,818 we get strong confirmation that we will continue to increase. If we exceed this level, we can attack 14064 again. Overall, there is also the possibility of achieving my overarching price target (15,200). But keep in mind that this does not take place without countermovements.
H1 chart:
30min chart:
XRP/USDT UpdateXRP/USD -Analysis: Last week, we were anticipating the breakout out of the symmetrical triangle, which got negated with the price failing to close above descending resistance on the daily. But not is all lost as with have a lot of daily confluence located at $0.7 and $0.75. Firstly this was a previous region of significant resistance which should now act as solid support. Drawing a fib from the low in December to the high in April, we have the 0.618 gold retracement level located at 0.73. We also have the extra confluence of ascending support and the 200 daily moving average situated near this region. Put very simple; I am expecting to see price action develop around this region. Failure to hold this region would be bearish for the price, and lower prices could be expected.
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BTC UpdateBTC Doing Same As I Discussed In Last UPDATE And Successfully Bounce Back From Immediate Support Zone.
Now Which Was Support Levels They Became Resistance Level.
Resistance Level : - 40000-42000, 47000-50000.
Now I'm Looking sideways Of #BTC Move For Next Few Days Around 40000 Zone. When Whales Bag Fully Loaded They Will Push It For ATH Point.
BTW Correction Is Over And This Correction Was Healthy Correction For Next Positive Move.
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NZDCAD Short Term Sell Idea Update!!!On the H4 chart after the bearish trend pattern I was expecting the price to move lower further after pullbacks until the strong resistance zone holds.
The price action followed my analysis exactly as I expected it to here. After the bearish trend pattern the pullback that I was looking for happened and then the price moved lower and provided a fantastic move to the downside!
Original Idea
BTC UpdateBTC bouncing hard from the $42,000 zone but unable to break the $45,800 area. Market looks good today and BTC also bottomed out. The key level to flip is $48,000 and $51,100 to again turn bullish. We may see BTC trading in $43,500 - $46,000 range for sometime. This is good time for alts and many alts/btc pair pumping good.
ETH USD Trending Long signal Thought I would post an update on ETHUSD trending, we have just gone past the support which was at 3900.00 which we tested a few times during yesterdays drop. It did not break this level and has not deccelerated so as suggested, we will now enter a long as we are in an uptrend positioning...
The MA lines are above the EMA and Eth is looking healthy on our 1 hr chart. it has just a few minutes ago retested the resistance at 4100 or so and now according to the linear trend we are headed for 4150.00, if it meets this point and accelerates towards the Upward channel then the TP point would be at 4398.00 at which we will see how it is progressing on the channel again.
For now the MACD average has not turned above the EMA 9 line looking at the 1 hr , 30 minutes chart however on the 4 hour we are still Bullish and oscillators are neutral ...
The Call for ETH Long signal entry at 4150 TP At 4398.
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Overall market update - my thoughts (Nasdaq as an example)Hey guys. Here are a few thoughts on the NASDAQ & the entire market - In the long term I am basically bullish, but still see some short signals that indicate a possible correction movement. The entire markets currently see no borders. Therefore, a correction after a few ATHs cannot be ruled out.
An important zone in the nasdaq chart is 13,300. A bounce at this point could lead to renewed aths. A close below 13,300 would be a sign that we could see an M correction. I have drawn this M in the chart for you. Here again 2 important signals:
1. Double top
2. Bearish exhaustion gap down
Sell in may and go away?
fact is that bonds are going up – also international! The reporting season & the dividend season is nearing the end. An economic recovery could already be included in the price. These facts could have an adverse effect on the market.
BUT: there is still a good mood in the international stock markets. The stock exchanges worldwide have increased by 80% in the past 12 months !!! After the corona crash and the rapid recovery up to the summer, including the subsequent consolidation, the stock markets have made another technical breakout. Incidentally, historically we are in one of the longest phases of a bull market. The corona "crash" can rather be seen as a small correction: D
My message to you: Be aware of these signals but don’t worry too much if you are investing long term!
BUT: The bull market could go on. One reason for this is rapid economic growth, a strong recovery in corporate profits and the increasing number of new investors in the stock market. Incidentally, I can't imagine much cheaper prices for our small cap stocks either. But I am not assuming that you are only invested in small cap stocks. Currently the market is very exciting. I will keep you up to date.
BTCUSDT 4h: bullish vs Bearish scenariosthere are bullish and bearish scenarios for Bitcoin. As you can see in the 4h time-frame, two up trend channel are possible. In addition, there is also a down trend channel. if the price breaks out the blue channel (pull back is important), the green path would be valid. on the other hand if the price hits the bottom of the channel and bulls back to the bottom of the green channel, the red paths are possible scenarios.
Please comment me your Ideas
UPDATE XTZUSDTHi friends.
Now we are facing a momentum important in the price range for XTZ, I'm going to have more updates soon, but I already put in our previous analysis a resistance line, that is going to define the next targets for XTZ, let's wait for more 2 candles (2 days) and then I'm going to post the next targets. I believe that we are going until $9 at least in the next couple of months.
Feel free to reach me any time.
See you
ONE/USDT Update: First supportline demolished. Can we come back?ONE had an amazing run in Q1 2021.
Now we see the expected pullback which honestly is a bit longer than expected.
The last big pullback was together with the whole market and this is something that can happen at any time.
We assumed 0.1$ was the new floor but we are currently below the support line.
ONE needs to get back on top for a solid recovery.
Currently we are still in the middle of a short term downtrend.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
ADA looks to be breaking outADA is running again, it's been a crazy couple of days. A couple weeks ago I pointed out this ascending triangle pattern, the measured move is aiming for 1.96 USD. Equally as important to me is that ADA has broken out of it's descending trendline resistance against BTC. I expect ADA will over take it's recent high vs. BTC in the coming weeks as well.
A journey to $2.00 for XRP very likelyWe have now touched the second white horizontal (dash) line at around $1.6 on ripple. Hoping to get to $2.00 any moment the daily momentum is sustained. Investment in a few for storage will not hurt outside margin trade as it may touch ALL-TIME-HIGH of $3.84 any time soon with its current momentum.