AlphaTradeZone

AlphaTradeZone

Ethereum/Bitcoin shows some weakness after losing the level R1. This former support has nor turned into a strong resistance. Historically speaking this level has been a mahor catalyst in determining the directional bias of Ethereum. Next support that I can see is the level 0.02730. I would suggest to stay away from Ethereum until we reach this zone, unless there...

AlphaTradeZone

Just a fractal with extreme similarity for BTC. There has been no Technical Analysis in this projection, this is an observation that should not be taken as financial advise.

AlphaTradeZone

TRX broke bellow 50% of the range. As we have discussed again in the past, range trading obeys in 2 rules. -Bounces at the top and the EQ -Continuation when the EQ is broken TRX did pump in both reactions however the movement was weak and wasn' backed by volume to push price up. According to our analysis on how Bull Cycles work, TRX as the first to pump coin was...

AlphaTradeZone

Seeing some signs of weakness on Ethereum right now is leading me to believe that there is more downside to come. Unless volume kicks in now we could retest 0.027 level and maybe even bellow before going up for a big pump again.

AlphaTradeZone

Bullish orderblock, known also as Demand zone. You will have seen many times marking those blocks on my charts and calling them either orderblocks or demand zones. What are those areas? Those areas act as levels of liquidity for bigger players (whales) that trap people and refill their orders. "A bullish orderblock is a Down candle before a sharp move up that...

AlphaTradeZone

Possible projection for VET over the next weeks. A coin with great fundamentals, got ignored during many mini altcoin cycles and for the first time printing a very bullish formation. Retest of the top of the range. Since we value statistics and probabilities a lot and we rely on them to trade (and not luck): We have backtested and confirmed that in over 450...

AlphaTradeZone

Numerous times have I emphasize on the fact that Litecoin was one of the most overextended majors in the last mini-bull cycle. Most of those cycles have a common pattern that you can see. Early and late runners as well as BTC pumping in between them. Litecoin was an early runner. It initiated the flow of money into the market and as soon as LTC stabilized near...

AlphaTradeZone

Taking a look at price movement we can see (aligned with a purple vertical line) a large bearish candle. After this candle a strong move to the upside was initiated that ended taking out previous highs, thus breaking the structure of the market. This can be named as a Demand zone or as a Bullish orderblock. Price tends to wick and reject those areas multiple times...

AlphaTradeZone

Following up on the analysis about range trading in the past, TRX has perfectly reacted to the middle of the range and bounced above range high. This is a confirmation for a new pump on TRX, and if you didn't enter at the EQ, range high is a perfect entry if price retraces back there. Target is the supply zone above an invalidation level would be the bottom of the...

AlphaTradeZone

IXC is still holding the daily support and zooming out we can notice a huge Head and Shoulders accumulation pattern forming. If price break the support this pattern will probably get invalidated since many people that sold bellow 765 and which are "trapped" now will be able to join ICX again. R1: Will break easily since it has been tested many times R2: Price...

AlphaTradeZone

Zilliqa is one of the coins with amazing fundamentals that has been forming a huge accumulation pattern. This long term view while take a while to play out, but this coin may explode soon for ove 250% profits.

AlphaTradeZone

Planning the trades for the following days on ETHBTC. Two scenarios coming into my mind. I will analyze both thoroughly. Both scenarios take into consideration the Daily close. I cannot stress out how important a Daily close is to form a bias for the following moves. Scenario 1. Close as inverted hammer. In this case, having taken liquidity on the upside price...

AlphaTradeZone

Bitcoin has managed to surpass above the Daily reistance, this level has now turned into support. I start to notice the same fractal that happened to Higher Time Frame the previous weeks, but in lower timeframe now. - Price going up sharp, then sudden drop and grind toward the resistance - Break above the resistance turning it into support - Pushing and breaking...

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XRP is the worst performing major pair during the last month. Looking into smaller timeframes we can see a spring formation playing out. Spring formations act as accumulation patterns and are very common in the crypto market. Trapped sellers are found bellow the area that is marked with the green box. - In addition we can see price forming a Higher High and...

AlphaTradeZone

Observing ZRX in the 3D chart there are some clear signs of accumulation. - Head & Shoulders pattern forming right into support which is a clear indication of accumulation in this zone - Strong resistance turned into support - Volume during the sideways phase is greater than the trending phase (!!) Overall all these signs are an alarm for ZRX, it's also one of...

AlphaTradeZone

Ethereum is one of the coins that didn't get a big pump during these last days of euphoria. Price was not able to get above January's highs. In correlation to Bitcoin price has been forming a spring as well as a Higher Low. If price manages to get above the resistance at 0.033450 it will probably initiate a run to higher levels, even above the January's highs.

AlphaTradeZone

Zooming out on ETHUSD I made the following observations. - We are facing a weekly resistance for the 3rd time but this time price ran up to the Supply Zone - Considering the 3 hits at the resistance taking a swing short position is not the most optimal setup - Long have high probability in the Daily support - Considering the ascending trendline there could also...

AlphaTradeZone

Yesterday's Daily close turned out to be a huge shooting star into Daily resistance confluent with 0.618 fib retracement of the whole move down. This of course does not mean that I have turned bearish biased yet. However we could see a descent pullback now that would allow price to reach higher levels. Next target and heavy resistance for BTC is the upper Daily...