CryptoPixel

CryptoPixel

As someone who has had no problem in being bearish for the past months, I will never cease to believe in Bitcoin's potential and revolution. I see the change this technology can bring and towards that end, I want to do my part in helping it grow. Through TA education, discussion, anyway. At the same time, I am a trader and I like to make profit. To that end, as...

CryptoPixel

In my opinion, the area between 7800-7250 is a chop zone. There appear to be events on the market which cause these huge dumps and subsequent pumps. Tinfoil hat time, but someone (or something, ooooo) is accumulating a lot of BTC. That being said, trading in this range is essentially a gamble in my opinion. For now, I am staying flat and waiting to see what the...

CryptoPixel Updated 

If you have been following my TA, you know I have a stronger bearish Bias on BTC (and through extension all the alts) until we have hit a bottom with capitulation. And while it is possible we have hit that bottom (not likely IMO), checking out coins like SALT really makes me want to start seriously stacking up on alt bags again. The whole chart looks like a...

CryptoPixel Updated 

Unlike many others, I don't believe we have already hit our current bottom at 7060. Not yet. The slow uptrend we have had since then has been a very heavy accumulation-distribution structure akin to several Bart Simpsons bouncing on their head (Ah, the wonders of crypto tools and indicators). Our current top at roughly 7780 has hit a strong resistance in my...

CryptoPixel Updated 

In tune with the seemingly unending bear market we have been having since December of last year, yet another downtrend is taking shape. As BTC broke the all important 7.8 support line, we are on par to break down of a 6.9-7.8 range with no seeming logical support. BTC did manage to find some support at the 7.5 range but it seems that the structure is forming is...

CryptoPixel Updated 

As we take a break and some time to breathe after this relentless bear market, I would like to show some general levels to be on the watch for on the daily: The general trend line support (orange support line) is not a level I take too seriously. With every new low we get, a lot of people just move it down and down and down. I see it as a general level I...

CryptoPixel Updated 

Through some weird forces of the universe, LEND seems to be a decent trade for me historically. And yes, I know, I know, "past performance is not indicative of future results". However, what I would like to point out is the fact that LEND has seemingly reached its previous accumulation floor. I ma not refilling my bags yet but I will definitely keep a close eye on...

CryptoPixel

As the day went on, BTC had a nice green wick to counter, albeit for a short period of time, the bearish momentum. As the new high is lower than the previous, it seems to stay within the confines of a bearish pennant. I expect the downtrend to continue into the lower 7ks with more conviction.

CryptoPixel

After all the support and resistance level have been accounted for, it seems that there is no strong support for BTC between 7.7 and 6.9. Until BTC decides what it wants to do, I am definitely seeing some decent signs of bullish price movement for now: Bullish divergence on the RSI MACD Keeps wanting to crossover Volume picking up, despite downtrend As...

CryptoPixel

I have been quite adamant on the fact that BTC is moving within a channel ever since it broke the general trendline resistance. As of now, BTC is still moving within this channel. I was not confident on the crazy bullish sentiment I have been hearing for the past days but for now, my attitude is still cautiously optimistic. Indicators have reset and it appears as...

CryptoPixel

On the opposite side, I believe there is a strong case for a bearish scenario - The channel I have been trading in for the past 10 days or so might just be smaller than the current sideways action, with this being its top - MACD and RSI are in a need of a reset already - Volumes seems too flat for now to represent a clearer path towards a new bull run

CryptoPixel

With BTC wicking into and staying close to 10k, I figured I would make the bullish scenario for this upswing. - Have been trading in the purple channel for the past weeks and it worked. At least for now, it seems BTC has broken above it and seemingly found support. - 10k is a strong psychological level, we could see unexpected funds flood BTC as...ahem...people...

CryptoPixel

Many traders I know seem to be very bullish this time of the year, calling alt season left and right. And while I did make some nice profits for the past weeks simply through flipping alt bags on exchanges, I am considering if we have now reached a small reset for the indicators or if alt season was just a massive bull flag. For now, I am going with the first...

CryptoPixel

Ever since we have broken the downtrend resistance line, BTC has had sideways movement within this channel We will break it when we find support at the top of the channel. Right now, with the RSI and MACD well into the overbought, I am cautious saying we will.

CryptoPixel

My favourite alt for a while, been flipping this bad boy on Binance like there is no tomorrow