CryptoNicho

CryptoNicho

Inflection point for BTC price. We're right at a big sell block which runs from $29.3k up to $31.8k. The question we asked earlier in the week folling the ETF rumour 'fakout' is did that wick clear some of the overhead sell pressure ahead of BTC's next pump? Well we are about to find out. Long target is $31,893 - very srong resistance that is unlikely to break...

CryptoNicho

BTC still consolidating but upcoming employment data could trigger a move. Direction? in isolation the technicals would say up. Faster EMA's (20&50) are breaking the EMA200, the RSI has room to grow before oversold, we have solid order block support and we're still in the early stages of a breakout, 5 days in from a downtrend that started back in...

CryptoNicho

Bitcoin is obviously not as exciting as BitBoy with a gun rattling on about the Houston mafia, nothing is. In fact right now Bitcoin isn't exciting at all. Most of 2023 saw us building a bullish broadening wedge (yellow line) but the failure to break through the $31.5k line gave us a new upper trendline turning our bullish broadening wedge into a bearish...

CryptoNicho

BITCOIN/USDT Direction: Long Asset: BTCUSDT.P Entry Zone: 26900 - 26427 Take Profit 1: 27799 Take Profit 2: 29573 Stop-Loss: 26034 Entry Conditions: Short term break of structure which could see us hit TP1 confirmed but if we close above2688 we should confirm a break in the swing structure which could see a run towards TP2. Lots of rumours swirling about...

CryptoNicho

DIRECTION: LONG MARKET: SPOT/FUTURES RISK: 0.25% - 1% #USDT_TWT EXCHANGE: BINANCE TIMEFRAME: 60 BUY: 0.8002 TARGET: 0.8182 STOP: 0.7933 Entry Conditions: | Early uptrend - short target incase consolidation continues | Bounce from local support | Short term trendline break

CryptoNicho

DIRECTION: LONG MARKET: SPOT/FUTURES RISK: 0.25% - 1% #USDT_MANA EXCHANGE: BINANCE TIMEFRAME: 60 BUY: 0.2959 TARGET: 0.3036 STOP: 0.2906 Entry Conditions: | In trend correction completed | Bounce from local support | Short term trendline break

CryptoNicho

DIRECTION: LONG MARKET: SPOT/FUTURES RISK: 0.25% - 1% #USDT_KCS EXCHANGE: KUCOIN TIMEFRAME: 60 BUY: 4.217 TP: 4.2764 SL: 4.163 Entry Conditions: | Catching a quick bounce from trendline support

CryptoNicho

#BTC Break-out in play for BTC dominance. When comibined with yesterdays flash dump this is a bullish sign. The sudden price fall looks to have unlocked capital triggering large buy orders pumping price back into range and above the 200MA. This positioning looks to be in advance of an expected bullish reaction to the highly probable interest rate pause which...

CryptoNicho

#BTC The week ahead for BTC; Wednesday 13th see's the last piece of crucial data drop before the September FED rate decision. The actual inflation rate will give us a key indicator of whether we see a rate pause or a rate hike. Currently, despite positive data in both economic growth (PMI's) and employment (NFP, IEC's) CME are predicting a rate pause with a...

CryptoNicho

DIRECTION: LONG MARKET: SPOT RISK: 0.25% - 1% #BTC_AXS EXCHANGE: BINANCE TIMEFRAME: 60 BUY: 0.0001761 TP1: 0.00018009 STOP: 0.000174 Entry Conditions: - Pullback after rejection from 200MA - Trend flipping bullish short term - Active break of trendline / bullflag

CryptoNicho

Bitcoin failed to fully react to the Greyscale news in the way most expected. By defeating the SEC in court Greyscale have effectively removed the SEC's reasons for refusing spot ETF's to this point. With the size and scope of the proposed BTC spot ETF's (from BlackRock, Fidelity, Valkyrie etc.) it should be expected that any news that helps them manifest should...

CryptoNicho

Market volume is low so there is a strong possibility of some volatility later today when FED Chairman Powell speaks today at Jackson Hole. With volume so thin the market can be moved easily and the FED's tone for Q3 will be set at the speech today. The crypto market needs a low interest rate environment so good news for crypto is a slowing overall economy - if...

CryptoNicho Updated 

BTC.D has been in an uptrend ever since FTX rugged the entire market. It makes sense, the BTC maximalists with their self custody looked smart AF as our ALT coin portfolio's got siphoned out by various hackers, insiders and (probably) government agencies. We do seem to have hit resistance though with dominance failing to stay above 50%, below the the 20&50 MA...

CryptoNicho

DIRECTION: LONG MARKET: SPOT RISK: 0.25% - 1% #USDT_QNT EXCHANGE: BINANCE TIMEFRAME: 360 ENTRY: 100.6 TP1: 112.1 STOP: 90.6 Entry Conditions: | At a convergence of an overhead trendline, and the 200, 50 and 20 EMA | Open if we close above 100.6

CryptoNicho

DIRECTION: LONG MARKET: SPOT RISK: 0.25% - 1% #USDT_OP EXCHANGE: BINANCE TIMEFRAME: 360 ENTRY: 1.522 TP1: 1.712 STOP: 1.330 Entry Triggers: | RVD break from an oversold position Currently testing the 20&50 EMAs - enter on the break

CryptoNicho Updated 

BTC is at an interesting juncture with the macro backdrop and the technicals giving us two different short term narratives. Microstrategy yesterday indicated that they were planning a $750m BTC purchase (following a fund raise driven by selling off stock), we are looking good to have a September rate pause (CME currently rating this as 80% likely), the spot ETF...

CryptoNicho

Direction: Long Market: Spot Risk: 0.25% - 1% #USDT_FXS Exchange: BINANCE Timeframe: 360 TP1: 7.605 Entry: 6.800 STOP: 6.226 Entry Conditions: | Golden Cross (EMA20 crossing above EMA50) *Daily EMA's used on 6hr chart | Overhead trendline break w/ volume | Top of trendline tested, retrace looks to have been completed | Bullish volume We have the 200EMA...

CryptoNicho

Direction: Long Market: Spot Risk: 0.25% - 1% #USDT_HBAR Exchange: BINANCE Timeframe: 360 TP1: 0.2404 Entry: 0.0733 STOP: 0.0316 Major HBAR rally after "Dropp," a Hedera-based micropayments platform was added as a service provider to the FEDNOW payment service. This is an interesting development as Drops lets users pay in HBAR or USDC through the FEDNOW...