CryptoAtlasAcademy

CryptoAtlasAcademy

Ripple has broken the ascending trend, the previous support could now act as a resistance. I am looking for short opportunities if price finds resistance in that key level. Sellers liquidity will be above that level so we could see a false breakout before continuing to the downside. Comment below your thoughts and questions! Give us a boost and share with your...

CryptoAtlasAcademy

Uniswap has broken the global ascending trendline and the price came back to retest it and it seems to be finding resistance. We have the additional descending trendline that could act as resistance plus the golden pocket of the Fibonacci. The current trend is bearish and I am looking for continuation with this trade. It is a high probability set up and price...

CryptoAtlasAcademy

Bitcoin is inside the major support zone and we have retested this area 5 times already without seeing a major change in trend direction. US30 and US500 charts look exactly the same, they are looking for lower support zones. I think there is a higher probability that we break this support to continue the bear market. We could see a potential bear trap and the...

CryptoAtlasAcademy Updated 

BTC/USDT Type: Scalp short Strategy: Breakout + retest R/R: 3.82 Preconditions: Ascending wedge pattern, normally a bearish pattern that breaks to the downside. Price has broken down the ascending trend after doing 3 bull traps, good sign for potential short as institutional traders could be collecting liquidity building a bigger position to then move the price...

CryptoAtlasAcademy

We have 3 important levels that we need to take in to consideration, The major support we bounced from: $18,000 area The support area that price is currently holding above: $21,500 area The major resistance area: $25,000 area It is very important that Bitcoin price holds above the support area of $21,500 if it does it is highly probable that price will breakout...

CryptoAtlasAcademy

On the weekly chart Bitcoin is just above the support area between $17,500 - $19,000 we really need to see the price finding support otherwise a breakdown of this area could lead to the price looking for the next support area around $12,000 Traditional markets like Dow Jones and SP500 are still inside a bearish trend, with upcoming FED meetings and recession fears...

CryptoAtlasAcademy Updated 

BNB/USDT Type: Scalp long Strategy: Breakout R/R: 3.31 Preconditions: Price is sitting at support and we can see volume entering the market. We can see how the price trapped the bears and hunted the stop losses of bulls, I think smart money has taken advantage and will push price higher breaking out the trendline.

CryptoAtlasAcademy

Price has broken down the bear flag that we have been tracking, this pattern has worked amazingly last couple of times so it is highly probable that we keep falling to find lower supports, my first target would be the lows of 17K area. We could see one spike up to retest the broken supports for then bearish continuation. Traditional markets are continuing the bear...

CryptoAtlasAcademy

My trading plan is waiting for a stop loss hunt of the early buyers that are opening long on top of the local key level, once we see the spike down entering the huge demand zone I think it is wise to open a long position. Big players clearly pushed the price higher in that zone and the stop loss hunt will confirm that they are opening long at better prices forcing...

CryptoAtlasAcademy Updated 

I have been stopped out 2 times in this play however I still find this chart interesting, ascending triangle formation with several attempts of breakout. Looks like there is some accumulation at this level and I believe Bitcoin and Ethereum could do one last leg up before correction. Very similar pattern played out in Shiba today and price rose around 40%

CryptoAtlasAcademy

Bitcoin is inside the bear flag that we have been tracking for the past month, price is approaching the upper trendline of the global descending channel and it is possible that we find resistance in this area, a great confirmation would be a spike stopping out early sellers to then continue dropping. US30 is approaching a key pivotal area too and we could see a...

CryptoAtlasAcademy

Bitcoin has trapped bears if we close the daily candle as it is now, we can see the false breakdown of the ascending trendline, traders that opened short positions following breakdown strategy have been trapped allowing smartmoney to buy at better prices while shortsellers will get stopped out creating more buying pressure, remember in order to get out of a...

CryptoAtlasAcademy

I personally got stopped out when I bought GMT at the support, I bought too early and was forced to sell, smart money took my SL so they could hunt my liquidity, for that reason is best to wait for this traps to happen. After this bear trap I think there is more chances for price to break up that key level however we need to wait for confirmation like a powerful...

CryptoAtlasAcademy

We are approaching a previous high and I want to see how the price reacts, one of the scenarios if making a bull trap to collect liquidity for a move to the next support and my second scenario is a powerful breakout and a retest finding support. Market has proven once more that it does the opposite to what is believed, we saw a bear trap of the support and a very...

CryptoAtlasAcademy

My last idea got invalidated as we saw Bitcoin breaking and closing below support, my view is that now price could revisit the lower trendline, however it is the 5th time that we will retest this support area and if price squeezes to this level I think there is a possibility of breaking it down. Traditional markets are having a clear impact on Bitcoin at the...

CryptoAtlasAcademy Updated 

Bitcoin is finding support on the $22,000 area and it has formed a bull flag, if we break this pattern I think we could see a rise to next resistance zones 26K - 30K We bounced from significant volume and shorts will be liquidated if we keep rising.

CryptoAtlasAcademy

We can see the price of GMT has created an ascending triangle, I decided to enter a long position on the trendline support. We have tried to breakout this triangle which ended on a bull trap and if price manages to breakout again and close above I think we could move towards higher resistance levels.

CryptoAtlasAcademy

Bitcoin broke the local support but it is completely normal after this rally, it is actually healthy for the price to pullback to the next supports so we can find better buy entries. At the moment, sit down relax and wait for better opportunities. // itcoin rompió el soporte local, pero es completamente normal después de este rally, en realidad es saludable que el...