CELBTC trade ideas
Celsius network - trend reversalOn the above 2-day chart price action has corrected 70% since early June. A number of reasons now exist to be bullish, including:
1) The ‘incredible buy’ signal.
2) Price action breaks out of price action resistance (red line) and RSI resistance.
3) Now I’m aware Bittrex is not exactly a high volume exchange with the majority of the dollar volume over on FTX, however no BTC pair exists with the same history. So I made one (below) using the dollar. On the 1-day CEL/BTC FTX chart below the same breakout in price action can be seen together with confirmed support on the 50-day SMA. Wonderful.
4) On the same high volume chart price action prints hidden bullish divergence. 9 oscillators are actually printing this divergence. The Stochastic RSI prints it most clearly, just as before following support on the 50-day SMA (blue line) back in Apill. Look left ;)
>> Hidden divergences are a favourite of mine. Why? Because with regular divergence you cannot have higher lows in price action, thereby offering less strength in the divergence. Hidden bullish divergence + higher lows in price action = awesome.
5) On the weekly chart (bottom) price action (at this time) has broken out of a falling wedge pattern that was first created in late 2020. A Bullish engulfing candle is currently printing. Look left.
6) On the same weekly chart Stochastic RSI has just crossed up 40 with RSI crossing up 40. Those instants are circled in purple. Look left and compare with price action, it is not something you want to ignore.
Is it possible price action falls further? Sure.
Is it probable? No.
With the falling wedge breakout a target can be estimated, 36k sats or 250%.
Good luck!
WW
1-day CEL/BTC on FTX with hidden bullish divergence
Weekly chart
Curious if CEL holds against CRO and outperforms in the midtermI find this chart pretty interesting right now since CRO is overextended but looks like it is not stopping its run anytime soon and CEL is just under-performing the whole market all 2021 after its crazy run in 2020.
Celsius enables you to take loans against your assetsCelsius token is one of the coolest crypto tokens around at the moment.
Observing this decline we can see that knowledge and mainstream use of BTC is increasing causing this sharp decline as only the early adopters are aware of such a token like Celsius.
Celsius pays you weekly interest of around 7-20% of your HODL'd assets.
Not only do you earn weekly interest, which is at a significantly higher rate than the banks, you can also take out loans (min $50k) against your crypto assets.
For the first time ever in human history, people no longer need to use physical and real products as collateral against fictional money conjured by banks.
If you purchase $400 worth of crypto assets (meaning they will increase in value anyway) with Celsius through my link , HODL it in your account for 30 days, you’ll receive a guaranteed 10% return on investment along with weekly interest.
I'm not sure how long for but, Celsius is offering $50 for new Celsians. That's actually 12.5%!
CEL broke down from long term support#CELBTC
#CEL broke down from long term ascending support line, and now price is above a support zone, RSI is going to reach over sold zone, so I think price fall more to touch the support zone then a pull back to resistance zone and broken support line to confirm it as resistance.
Celsius/Btc for long ?Cel/Btc is in a very good position right now. After the breakout I’ll personally go long on this one. Agree?
Buy CEL Sell BTC RSI 'potential' for bottom reversal
Structure support formation in the cloud
Higher low on longer term fractal
T/P 155??
S/L 1159
R/R 2.33
Bottom of the Wedge?CEL/BTC will reverse his trend? What do you think let me know your ideas.
Namaste.
Celsius Token will explodeHis increase against BTC has been awesome, is outperforming Bitcoin since the beginning at this moment is just preparing his next leg up up to 20.000 sats.
Please share your ideas.
Namaste.
Celsius back on the lauching pad Celsius looks ready to go back against BTC.
Stochastics are throwing an entry point, I would start getting really bullish on this coin if PA get rid of Golden zone or accumulate in it.
As a swing trader I will watch closely PA during EOW.
I will also watch closely pair against ETH.
Will doa follow up on this one.
Disclosure: I own CEL token myself.
CELSIUS AND THE "CRYPTO BANK" SECTOROne of the few coins that did not suffer at all the dump is Celsius, active in the sector of the so called Crypto banks which are performing very well too. They provide loans with 0 costs and provide interest for your idle assets. Also, they have nice welcome bonuses and cover all costs of crypto withdrawal (even ETH!). WIN WIN situation, considering that interests can be received in CEL directly, which is appreciating vs BTC.
Incredibly, ATH vs Btc in a moment in which alts lost 50-75%.
I am telling you to buy immediately as I expect some more headwind on BTC, but just for you to realize the right trend of the moment.
Celsius...is the party over? Celsius has been a favorite of mine since the ICO in 2018! A true champ that weathered the bear market and came out shining with a 5000+ % gain!!
Has this changed? Well as much as I hate to say it, like I've heard many times over the the years "get the f@ck out party's over"! Ok maybe not just yet but as my very first published idea I thought I would get crusty with Celsius as my expectations (never expect anything and you will never be disappointed) dwindle like the hairs on my head!
These are my thoughts
- since Dec 30 2020 Celsius has been in a steady decline
-Weekly timeframe support of .00009976 has been broken
-declining volume since November 2020 and the formation of a descending triangle suggest further downside if the Daily support level at .00009190 is broken and H4 - Daily candles are closing below this level
-Daily RSI is showing a struggle for re-entry into the bullish control zone although, we are nearing the bottom side of the channel formation and the RSI is providing support of the EMA on the Daily
- on the chart you will see a yellow rectangle labeled as "crusty demand zone": this may be an area for a bounce but it has been violated but with such a narrow range risk management is easy with a stop just below the zone
-the lower blue box at .00005654 - .00005312 zone could provide a buy opportunity if price were to hit that area
-there should be many shorting opportunities ahead (red supply zones), if Celsius does not break down completely first
- look at the daily demand zones for some short term bounces and for early indications of reversal on lower timeframes when price action enters those areas
Final thoughts: Celsius may be building a base at the currents level and perhaps something fundamentally happens for a much needed boost! The range to the downside is very large and a measured move of the descending triangle indicates a frightening move to the May 2020 levels at .00003 satoshis!
Overall, I am more Bearish on Celsius/BTC than I am Bullish but I am drinking the Hopium for this old girl and can't give up on 'er until current levels are broken.
Please feel free to leave a comment and share your thoughts and opinions, good or bad and remember to stay crusty!!
Celcius Network / BTCPrice making short term compression
-Descending Wedge.
-Bull power.
-Correction is about to end.
-First target impulse in 21% of ROI (return of investment).
-Second target impulse in 54% of ROI (return of initial investment ).
We have a short term position here , and it's a high risk trade.
invalidation : Is the point where we stop looking for bulls and just wait for another clear shot.
Don't trade the whole setup , the idea it's take partials when the patterns are formed int lower timeframes.
Watch your risk, give some like support if you want , and don't forget to follow for more!
Enjoy profits!
*this is not a financial advice , consult your own financial advisor for personal info about your investment. *
Time Ticks By #Celsius $CEL $CELBTCWeekly
Looking at our highest timeframe we can see CEL has not been involved in a bull market. Price action showing we are respecting our bullish channel, resistance at 2500 satoshis. Stochastic RSI showing momentum is in favor of the bulls however it does seem to be slowing down. Weekly support is shown at 2200 and 2000 satoshis. A rejection from 2500 and we should be seeing a sell-off to 2000; a look at our smaller timeframes will give us a better idea.
Daily
Shifting over to our pattern timeframe we get a better picture of our minor uptrend starting from April 11th. Stochastic RSI showing bearish momentum has bottomed out and it continuing to the upside. A daily bullish engulfing confirms support has been found and we will continue to the upside. Resistance at 2750 satoshis, followed by dynamic resistance at 3500 satoshis. Rejection from this level and expect a sell-off to 2000.
Staying in $CEL for nowAs long as we stay out of the old range I will stay in $cel, If we break down will convert to BTC and wait to see if there is any buying action at the botton of the chanel.
