BillCharison

BillCharison Updated 

Bitcoin is overbought, expect a reversal today. There are still some chances of reaching the $10000, but at this point we will reverse for sure. LONG positions should be closed. We also considering opening a SHORT position at $9700 and average if $BTC decides to grow up to $10000. Target is $9150.

BillCharison

The price is stuck inside the symmetrical triangle. Breakout upwards leads to the growth; breakdown downwards leads to the fall. Taking into account that the support is much stronger than resistances, we can expect a breakout of the second. Anyway, if you trade this asset - enter a position after breakout retest.

BillCharison

Dominance was rejected from the resistance of the channel and at the moment is testing the middle range of this channel. More likely this support won’t be broken and we will see another test of the mentioned resistance. Entering alts is still rather risky, but if you found a good alts - you can try buying some with small amount.

BillCharison Updated 

Halving has passed and in my opinion now is the right time to dot the i's and cross the t's. Bitcoin has formed an ascending channel and currently is following the up-trend. The down-border of this up-trend is located at the $7450 point , I've marked this level with the red rectangle. Coming back to the ascending channel: everybody know that ascending...

BillCharison Updated 

The new trading week has started. Unfortunately, we have to admit that it is too early for opening a LONG position here. The chart is forming a bearish pennant which will be broken downwards with the 75% probability. No doubt, there are Halving and a giant GAP above the price. These factors triggers people to open LONG and ignore a number of bearish facts....

BillCharison Updated 

Dump happened and we must accept it. As we said yesterday, we didn’t hold any margin position at weekends, so this dump passed away. Talking about the current situation, the crucial level is $8420. We broke one with the shadow but now $BTC trades above. At the moment we consider this dump as a long squeeze, because: Monthly bullish absorption is still...

BillCharison Updated 

The price is moving inside the big ascending channel . On its way upwards, $BTC broke through the global resistance (marked on the chart) and took a hold above the one, which is a clear bullish sign. However, now the price was stopped by the psychological resistance at $10000 . At the moment the main support is located at $9530 level that still was not...

BillCharison

$XTZ price has broken the bullish triangle. However, Tezos is getting weaker and weaker, so the retest can be failed. If the price falls under the support level, $XTZ is dead. If not, the target is $2.94. $LINK is much more bullish and bullish formation looks solid. The priority is upward and the main target is $3.9.

BillCharison Updated 

$XTZ reversed back just near EMA200 and forms a bull flag. The priority is upward, the target is orange level test. $LINK is doing the same, nothing more to see here.

BillCharison

Horizontal $9150 resistance was broken fast and now it turns into main local support. As soon as the price keeps above, the priority is strictly upward. First target is $9400 and if the double top is broken, second one is $9700. By the way during the last week a lot of my non-crypto friends asked me about Bitcoin: how to buy it and where. It really reminds me...

BillCharison

There are two main supports: $205.8 and $202.2. These levels act as a support levels. If $ETH doesn't consolidate above them and goes lower - we forget about the LONG. However, if there is a positive reaction on these levels - we will consider going LONG there. At the moment we should only wait and observe.

BillCharison

Falling wedge on this alt, however, it is not cool Longing one right here. This asset is located right below three crucial resistances - the pump from this bullish pattern can't help in breaking all of them. If you really want to trade $LTC - open SHORT from one of these resistances from which the price reverses.

BillCharison

$XRP looks like there is almost no other point than SHORT. Bearish triangle with the flat support. It is possible to LONG only after the breakout of the descending channel resistance, however, it is very less likely. That's it.

BillCharison Updated 

There is a bearish triangle on Bitcoin chart. During recent days the price broke through a bunch of resistances, it took a lot of fuel. We need at least a small consolidation and now $BTC chooses where will it be. Resistance levels are $8945 and $9160, the support is at $7900. The market tells to open a small SHORT position there, however we don't want to take...

BillCharison

At the moment it is correcting from the growth. We expect it to reversal in the area of $2750 - $2800.

BillCharison Updated 

Here we can see a small upward movement to 3300 resistance and then continuation of the decline in form of 4-5 wave. Upward movements can be caused by the convergence, but then - dump. Halving soon, money won’t stay in alts. If you have lots of alts - reduce sizes. sizes.

BillCharison

At the moment these coins are highly correlated . It has started with the first red point the chart. In any pair there always should be master and slave . Master is $LINK. We can see that even when $XTZ absorbed the orange level, $LINK dragged it lower as it fixed below. We have a double top on Tezos so more likely they both will dump in the near future.

BillCharison

Bullish wedge formation. But the price can fell a little bit lower to about 5530 sats in order to form a double bottom. This will cause an increase of a growth potential. Targets are on the chart.