Update. If the buyers can close the daily candle at the high, it will be a bullish signal. This week, the market will be able to update the local highs and move back to the bullish model. Targets for the rally stays the same: 1. $25 000 2. $28 000 3. $30 000 Stay tuned! P.S. Why $30 000 may be the top for this rally? It's simple, when the market moved from...
Market Conditions: - trend reversal situation - consolidation around the support - bullish sentiment in the market Key Level and Lines: - $0.961 support Trading Ideas: - go long if the price moves back to the support and bounces from it - go short if the price moves below the support supported by bearish sentiment.
I remind you a very important feature of the crypto market... when we talk about reversals in the bullish trend, NOT always the price starts moving in another direction. Mainly, we should be ready to see new highs, false breakouts, consolidations, attempts to continue the trend movement without deep corrections. Why? I don't know exactly. Just some ideas...
Daily chart: the market is overbought. Such pumps have to corrected. The wicks of daily candles and a false breakout above the local resistance give us a strong BEARISH signal. We have more than enough reasons to be in the bearish team and wait for the downward movement toward $20 000. BUT!!! We have to consider 2 important things right now: AFTER the false...
Market Conditions: - trend reversal situation - consolidation around the resistance - bullish sentiment in the market Key Level and Lines: - $6.50 resistance - downtrend line Trading Ideas: - go long after consolidation below the resistance if the price moves above it - go short if the price bounces from the resistance supported by bearish sentiment.
Market Conditions: - trend reversal situation - consolidation around the resistance - bullish sentiment in the market Key Level and Lines: - $13.45 support - downtrend line Trading Ideas: - go long after consolidation and reversal from the support - go short if the price bounces from the resistance.
Market Conditions: - bullish trend - consolidation around the resistance - bullish sentiment in the market Key Level and Lines: - $120.30 resistance Trading Ideas: - go long after a consolidation below the resistance - go short if the market gives a false breakout signal.
Market Conditions: - bullish trend - consolidation around the resistance - bullish sentiment in the market Key Level and Lines: - 1.24465 resistance Trading Ideas: - go long after a consolidation below the resistance - go short if the market gives a false breakout signal.
Market Conditions: - bullish trend - consolidation around the support - bullish sentiment in the market Key Level and Lines: - 1.45932 support Trading Ideas: - go long after consolidation and reversal from the support - go short if the price moves below the daily uptrend line.
The crypto market looks bullish these days! But does it mean that the bearish trend is over and we are at the beginning of a new bullish cycle? In this post, I want to share with you the TOP 3 reasons that will be able not only to change the bullish sentiment but also to dump the market to new lows. REASON 1: Regulation We are not far from CBDC and I don't...
Market Conditions: - bearish trend - bearish sentiment in the market Key Level and Lines: - 1.33500 support Trading Ideas: - go short after a consolidation above the support - go long if the price reverses from the support and the market shows bullish sentiment.
Market Conditions: - bullish trend - consolidation around the support - bullish sentiment in the market Key Level and Lines: - 0.64685 support Trading Ideas: - go long after a consolidation and reversal from the support - go short if the price moves below the local uptrend line.
Market Conditions: - range - bearish sentiment in the market Key Level and Lines: - 161.241 resistance Trading Ideas: - go short using reversal from the resistance - go long if the price moves above the resistance and the market shows the bullish sentiment.
Market Conditions: - bullish trend - consolidation around the support - bullish sentiment in the market Key Level and Lines: - 1.08741 support Trading Ideas: - go long after a consolidation and reversal from the support - go short if the price moves below the local uptrend line.
Market Conditions: - bearish trend - bearish sentiment in the market Key Level and Lines: - 1.74790 support Trading Ideas: - go short after a consolidation above the support - go long if the price reverses from the support and the market shows bullish sentiment.
Market Conditions: - bullish trend - reversal from the support - bullish sentiment in the market Key Level and Lines: - 1.07964 support Trading Ideas: - go long after a consolidation and reversal from the support - go short if the price moves below the daily uptrend line.
Market Conditions: - trend reversal - bullish sentiment in the market Key Level and Lines: - 91.82 resistance Trading Ideas: - go long after a consolidation below the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Market Conditions: - bearish trend - correction movement - bullish sentiment in the market Key Level and Lines: - $241.51 resistance Trading Ideas: - go long after a consolidation around the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.