Daniel74915780

Daniel74915780

After a strong correction we have had strong a bounce on bitcoin which led to 53k top. We then retraced to around 0.618 fib so not very deep. The issue is that we seem to have reached the top of this bounce around 48k which is again a lower top. The RSI is also indicating that BTC is loosing it's strength. Currently it seems BTC needs a deeper correction back...

Daniel74915780

DOT under resistance with bearish RSI divergence. Possibly good entry for short positions.

Daniel74915780

Despite creating a new support AVAX shows strong bearish divergence on the RSI and recently double topped. BTC is also at resistance and recently printed a red daily candle - so the outlook is slightly bearish short term imo. Overall I think there may be opportunities for short positions on AVAX.

Daniel74915780

Nice market conditions atm, LINK bounce nicely of fib 0.5. No resistance for quite some time above. As usual BTC has to remain stable.

Daniel74915780

Bounce of fib 0.5 and a double bottom on support - 4h starts growing, good place to buy. As usual - BTC cannot crash. LUNA has tendency to grow even when BTC is in a slow downtrend - current BTC conditions are ok.