Technicals Trip back to $60,600 (probably tbh far enough to fill the CME gap at $60,400 - they usually get 'close' but not exact) following the high Job numbers yesterday as expected (). Next move will be determined by the ISM Services PMI and then the FOMC later today. $63.2k looks like local resistance so if we get a good PMI read I'd expect we move up to...
Technicals - Slightly Bearish BTC momentum looks to be stalling on the parallel channel breakout. With two large reajection wicks in the last 24 hours. Retrace to support at $61.8k looks, based on the technicals the most likely outcome for the first part of today. Macro- neutral Where we go from there depends massively on the JOLTs Jobs data dropping at 3pm...
We have started the week with a breakout from the big parallel channel formed over the past weeks. $64,166 is our next resistance. We'll need to see Europe continue to buy to push through. There is a potential issues with the breakout though. We anticipated that the CME gap would be closed before the pump. That didn't happen. We now have an open CME gap with...
We could be heading for a test of the bull market support band which should give us an indication if we can expect to break up or down. The bull market support band is just a name given to a combination of the 20-week Simple Moving Average (SMA) and a 21-week Exponential Moving Average (EMA). On the zoomed out chart you can see how this band has acted as...
With the US markets closed for Juneteenth we might see BTC stabilise after a near breakdown yesterday. Here's my read of where we are and my current short term targets, interested to hear your thoughts! Macro - Bullish The US retail sales figure came in yesterday at 0.1 down on the expected 0.2, bad news for the economy. As we've discussed before whats bad for...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: 5% Exit: • ⎿ Target 2 : 0.01184 56.97% • ⎿ Target 1 : 0.008392 11.26% Entry: 0.007543 ⌁ 0.007543 • ⎿ Current market price: 0.007542 Stop: 0.006433 (-14.72%) Technical indicators: Trendline breakout and break above all moving averages. • ⎿ 24h Volume: 9295286.170806 • ...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • ⎿ Target 2 : 4.747 47.1% • ⎿ Target 1 : 3.588 11.19% Entry: 3.227 ⌁ 3.227 • ⎿ Current market price: 3.227 Stop: 2.753 (-14.69%) Technical indicators: Volume pump, RSI momentum, crossing 20 & 50 MA • ⎿ 24h Volume: 11176946.9429 • ⎿ Satoshis: 3.227 • ...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • ⎿ Target 2 : 0.1685 33.1% • ⎿ Target 1 : 0.1337 5.61% Entry: 0.1266 ⌁ 0.1266 • ⎿ Current market price: 0.1266 Stop: 0.1121 (-11.45%) Technical indicators: Trendline break, cross above 200 & 20 MA's, RSI momentum. • ⎿ 24h Volume: 4439111.1445 • ⎿ ...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • ⎿ Target 2 : 0.06863 36.14% • ⎿ Target 1 : 0.05939 17.81% Entry: 0.05041 ⌁ 0.05041 • ⎿ Current market price: 0.05041 Stop: 0.04174 (-17.2%) Technical indicators: Trendline break, 20 & 50 (daily) Moving average break, RSI trendline break and under price...
Spot ETF (demand increase) + Halving (supply decrease) = Price Increases..... eventually It's no secret that the spot ETF launch didnt go exactly to plan. GBTC dumped into the liquidity and the OTC buying meant price stalled and it quickly, on the surface, started to look like a bit of a non-event. Now we, as cool guys who have a glassnode subscription, all know...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • ⎿ Target 2 : 0.005051 43.21% • ⎿ Target 1 : 0.00374 6.04% Entry: 0.003527 ⌁ 0.003527 • ⎿ Current market price: 0.003527 Stop: 0.003017 (-14.46%) Technical indicators: Trendline and resistance break with high volume. • ⎿ 24h Volume: 16739842.44215 • ⎿ ...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: 5% • Exit: • ⎿ Target 2 : 0.3467 27.79% • ⎿ Target 1 : 0.2943 8.48% • Entry: 0.2713 ⌁ 0.2713 • ⎿ Current market price: 0.2713 • Stop: 0.2333 (-14.01%) Technical indicators: Trendline break, cross above 20MA, Resistance break (0.26, RSI Trendline break • ⎿ 24h Volume:...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% • Exit: • ⎿ Target 2 : 1.6617 26.91% • ⎿ Target 1 : 1.3938 6.45% • Entry: 1.3094 ⌁ 1.3094 • ⎿ Current market price: 1.3094 • Stop: 1.1614 (-11.3%) Technical indicators: Trendline break with volume and solid support. • ⎿ 24h Volume: 11533039.6952 • ⎿ ...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • ⎿ Target 2 : 7.844 30.54% • ⎿ Target 1 : 6.447 7.29% Entry: 6.009 ⌁ 6.009 • ⎿ Current market price: 6.009 Stop: 5.14 (-14.46%) Technical indicators: Multiple trend and resistance breaks with volume pump. • ⎿ 24h Volume: 14805298.5378 • ⎿ Satoshis:...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • ⎿ Target 2 : 0.2819 32.41% • ⎿ Target 1 : 0.2345 10.15% Entry: 0.2129 ⌁ 0.2129 • ⎿ Current market price: 0.2129 Stop: 0.1878 (-11.79%) Technical indicators: 2039 resistance, 20 and 50 MA's, and trendline all broken by volume pump. • ⎿ 24h Volume:...
Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • Target 2 : 3.506 35.68% • Target 1 : 2.785 7.78% Entry: 2.584 ⌁ 2.584 • Current market price: 2.584 Stop: 2.087 (-19.23%) Technical indicators: Risky play but I like that rejection wick. Big volume spike pushed us through the 2.590 resistance. • ⎿ 24h...
Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: Risk 1% Exit: • ⎿ Target 2 : 0.02419 35.06% • ⎿ Target 1 : 0.02092 16.81% Entry: 0.01791 ⌁ 0.01791 • ⎿ Current market price: 0.01791 Stop: 0.01537 (-14.18%) Technical indicators: Big Volume pump confirming breakout, key resistance break at 1791 (pullback active). • ⎿ 24h Volume:...
•Strategy: Long •Exchange: BINANCE •Account: Spot •Entry mode: Market order in range •Invest: Risk 1% Exit: • ⎿ Target 2 : 7.486 25.54% • ⎿ Target 1 : 6.583 10.4% Entry: 5.963 ⌁ 5.963 • ⎿ Current market price: 5.96 Stop: 5.291 (-11.27%) Technical indicators: Again cup and handle pattern into break of 5.573 resistance. • ⎿ 24h Volume: 77030986.0984 • ⎿ ...