Entry - 407.02 SL - 413.50 TP - 396.50 RR - 1.62R Risk - 1.93% Daily:
Entry - 1.2213 TP - 1.2330 SL - 1.2142 RR - 1.6R Risk - 2% Daily:
Entry - 1.4235 SL - 1.4340 TP - 1.4035 RR - 1.9R Risk - 2%
Entry - 1.1785 SL - 1.1840 TP - 1.1685 RR - 1.8R
Entry - 0.7675 SL - 0.7634 TP - 0.7650 RR - 1.8R
Entry - 1.3493 SL - 1.3555 TP - 1.3380 RR - 1.8R Daily Chart
Bitcoin's bubble continues to deflate, slowly but assuredly. Looking at bitcoin's weekly chart, it just screams bearish as price moves along nicely towards the 5k target as anticipated. The next major support to break is that 6k low established on 02/05. Bitcoin attracted a lot of speculative buyers last year to the point where people were just panic buying near...
Bitcoin has fallen from the $11700 level as anticipated and was able to break that $9000 structural support level. Price has now broken and closed under the 200 day simple moving average, which confirms a weak market and further downside potential. The descending trend-channel target is $5000 and is still valid. Now price has a major decision to make, we are...
Bitcoin's price chart just printed a major sell signal on the daily time-frame. You can see that price is still contained in the bearish descending channel on a logarithmic chart and has been rejected at a key structural price level. The $11500-$12000 area has been tested multiple times, most recently on February 20th when price was rejected off that level, and...
Well looks like bitcoin has broken out of its descending trend-channel (red channel), at least for now. I'm still skeptical of btc's long term outlook and still think fundamentally this market is over-priced, but you can't ignore what price is doing right now and technically price has broken-out, albeit on very low volume. In fact the anemic volume should be a...
Price is once again re-testing the top of the descending channel where it has been rejected three times already and the stochastic indicator is also giving a sell signal. As long as price continues to respect the top of this descending channel the btc short bias remains valid. Target is still 5-6k.
BTC price has been able to retrace its way back up to the top of it's down-trend channel, but now it faces heavy resistance at this level. This is where we find out if bitcoin has truly kicked it's bear trend or if the recent rally was just a pit-stop for the bears, lets see what happens. I don't expect us to break through and if we can't then we can expect to...
Entry - 1360 SL - 1380 Target 1 - 1310 R:R - 2.5:1 Weekly Time-Frame
I don't think bitcoin's down-trend is over just yet, there is too much heavy over-head resistance. Lots of investors missed their chance at selling near the highs and there are a lot of others who bought high and are stuck with a loss plus I don't believe new buyers will have the stomach to buy at prices beyond 10k, so this rally should die down and the down-trend...
Ether price broke a long-term support line and broke under $750, a strong support level. All around weakness in the crypto market means that price should continue moving down towards the 200 day moving average at around $500. Long term view of that trend-line that was breached
Bitcoin's price just broke under its 200 day moving average and broke under the established trend in 2017. Buy interest at 7500-8k was very minimal and sellers are still in control of this market. Price will likely find buyers at 5k, but I'm not sure if it will be enough to turn the tide. A lot of the hype behind crypto has settled down in the last 6 weeks and the...
Litecoin is facing some heavy overhead resistance from a descending trend channel plus a horizontal resistance level at $170-$180. Price is rejecting this level on the 4 hour chart and could be headed down to $100-$120, where we should have a really nice buying oppertunity. Daily chart view:
Ethereum is currently sitting at the bottom of its trading range and has hit a major ascending trend-line that price has respected many times. You can see on the chart that the last time price dipped under $850 it was quickly bought up, there is a strong likelihood that buy interest is still there. Major over-head resistance between $1200-$1300. The entire crypto...