If we close this 4H candle bullish, I will be looking for an entry on the break. We have support from the old ATH right through the candle and BTC is setting up for a big move. Manage you risk ;)
Yes! BTC is looking primed to move higher and I will for sure be looking for an entry. Where? 67000 - if we can get a 2H pullback and a nice set-up I will be taking a trade on BTC Long!! This could be a big mover. Manage your risk and know that markets can and will do the unexpected.
BNB is pushing to ATH but it could be time for a pullback! If you followed my last entry around $470, you will be sat nicely. However, this is a good time to hold back and wait for a pullback like we did before. I would be looking to enter again at $520 if we get a bigger timeframe pullback. If we break to ATH, I will be keeping an eye on trades on the lower...
This is make or break for me at this point. If we can see BTC break ATH (67200) over the next 2 days I will be setting up to hold my crypto for a while more..... if not I will be reducing my holdings by 50% Manage your risk... :)
Waiting for some set-ups on higher timeframes as it is too choppy for me. Will keep you posted on trades! Looking positive and above resistance.
Potential trade for me on 12H. MATIC has strong fundamentals and technical side is looking nice also. I think we are going to see some massive gains on this one soon....
BNB has just broken its sideways channel! Watch this space for potential trades!
This is ugly price action! What is BTC doing? Is it manipulation? Is the market going to go up? Is it going to crash? The honest answer is who cares! Sit out and wait for some stability.
Usually, when see a pullback into the 0.786 fib level this increases the chance of trend reversal. If we can take this price out it's time to keep our eyes peeled for some higher moves!! 👀
BTC price is all over the shop and just broken through a channel of resistance and rebounded straight back through... Low timeframes - 1H - uptrends Mid timeframes - 4H - downtrends High timeframes - 2D+ - uptrends For me this is not a time to trade. You will make 80% of your profits during 20% of market movements. Know when to sit out or you will get burnt.
We are seeing a strong 4H candle on BTC... but is this enough? I would like to see a push to 64k in order for conviction to return to the market. If we step back to the monthly we can see we still have 3.5 days left, If we can close this strong: +45% or more, then I think BTC is in for some wicked price action. For now I am sat on the side.
BTC has had a red red day and the rest of the market is following its lead. But if we take a step back and have a look at the 2 day it is still looking like a healthy uptrend. It may be that we see a pullback to around 54/53k as this was the last local high and we don't see that much support.
I posted about MATIC a few days ago and just as expected we are beginning to creep higher. This project is big deal and is currently by biggest holding.
BTC has created a channel that may cause some price consolidation. I have put in 2 possible scenarios that we may see play out - red and yellow extensions. I will be entering a trade if we see the red line break my orange resistance line.
As we can see, BTC has come back just as I wanted and is begging to move higher! 80k here we come!
Looking at the 15m chart on BTC/USD we can see a lovely set up taking place. I will be waiting for a bit more of a pullback in-between the 10 and 20 EMA for a trade! We will keep you posted.
In this visual we can see an orange graph overlaid onto the BTC price chart for the last peak back in April. This orange graph represents the collective market cap for all crypto excluding BTC. We can see that the price of altcoins lag behind the price of BTC and actually top around around 3 weeks after the peak. If you go back and look at the ATH at the end of...
Markets move to hurt the most amount of traders. This is most likely not a fake-out but in fact scared traders, burnt from the last fake-out, selling into the hands of whales. Why: We can see BTC moved over 60% / around 25k increase with no real pullback! It is about time to give BTC some breathing room; no market goes up forever. This is an ideal base for...