Bitcoin is forming a strong support base for the potential push towards broken support of 21.4k This zone is likely to act as strong resistance and we could see a reversal in play.
Polkadot seems to be in the demand zone($6.24 - 3.90) on the weekly time frame forming equal highs/lows. This possibly signifies an accumulation of orders at this zone before an explosive move towards the weekly supply zone of - $15.34- 23.78 region. This zone also coincides with the golden ration in the Fib retracement, which adds to our confluence.The RSI also...
Bitcoin is likely to come down to 30,832 - 30,325 before its next leg up towards 34k. This key zone also merges with our golden zone(78.6-61.8) of fib play and is a major order-block/liquidity level which is required for the push further up, as btc has ran out of steam from its previous pump. A possible trade setup is also presenting itself, Trade : BTCUSDTPERP...
#Ethereum is hanging by a thread, a break of $1791 with candle closures, guarantees a price correction to $1.37k - 1k demand zone. A hold of the above region could lead price to rise to $2.4k - 2.2k supply zone and continue to $2.65k - 2.95k regions possibly. If we reach this key daily supply area, we could see a sharp drop down to $1k as its a major order block...
#Bitcoin has been ranging from the last few days between $31.3k - 28k, if we flip the above resistance zone of 31.3k - 30.5k level, we could see #Btc price head towards 34.1-35k zone and possibly continue towards 37.5k - 40k. This zone is likely to act as major resistance since its untouched supply on the daily and could predict a lot of sell order flow coming in...
Bitcoin is at daily support region of 28k - 30.8k, If we hold current levels we could see a pullback to 37k - 39.8k zones, which is going to act as major resistance. A failure to break this zone can send prices tumbling down to 20.1k - 16.4k key zone relatively quickly. We advice to not make any investments long term and hold your bags tight for the crash about to...
#Bitcoin as anticipated hit $34k precisely which we have been calling for few days now, when everyone else online was screaming to go long and got trapped in a nasty fake out. We currently are seeing #btc at 33.5k and is at the most important level in this cycle to determine its next directional flow. A break of $29,990 will most definitely send #bitcoin to...
Luna is looking grey, We could see a retest of $40-55 and small drive up which will attract a lot of retail traders to jump in, only leading to fill sell limit orders by institutions. This would then provide liquidity to drop all the way down to $19-5. These levels could be considered to DCA for long term hold. DO NOT BUY AT CURRENT LEVELS. Its all manipulation at...
Short #btc at given level. Easy trade with multiple confluences.
#Bitcoin as anticipated got rejected at the 43-42k levels. If Btc loses grip of 39.6k marked by the red trend line, we could see price plummet to 34k which is next critical demand level for Bitcoin. This scenario looks more likely to play out than a break of 42.5k which could take us potentially to 50k.
Bitcoin could trend higher to key level of $43.2k -42k. This zone will be critical to determine the next course for Bitcoin along with the alts. A rejection of this zone can take BTC all the way down to $30k. However if we break this zone and hold as support we could anticipate another rally for BTC to $55k
Bitcoin is in an ascending triangle. A break of 40,671 will most likely take price up to 40,979. However a break below the green trend line can take the price of #btc down to 35,542 and lower possibly.
Bitcoin has seen a pump from the lows of 32k to 48k range. Its now at a critical level which can determine the course for the next 6months or so. BTC did not form a lower low and is holding the 30-32k support well. However, we are seeing some sort of rejection at the critical supply zone. Where there is typically a lot of sell orders. A break and hold of 51.1k can...
GJ looks like is looseing its strings and might be heading down to retest key support of 157.400. After a tremendous rally, things seem to be cooling down. This could playout in london session tomorrow.
#Ethereum has broken out of the symmetrical triangle we outlined previously. It now seems to be heading to a critical level of resistance of 3.4k -3.46k. This level has already been tested in the past and looks likely to break. Which in case will lead to a pump in #eth price to 3.65k - 3.9k levels.
Bitcoin is trading in an ascending triangle. The levels marked will determine the next course for bitcoin.
Eth is in symmetrical triangle and we could see two scenarios. To become bullish on eth we gotta break 2,985 and bearish is 2454. Once these targets are met we could see the trend strongly move.
Which way is Ethereum gonna blow out to ? Looks to me like a bull trap is up and coming ahead. Stay cautious while trading longs.