If parabolic rise breaks and we get 2 lower lows, this is how I'd take a short trade.
Long term bitcoin outlook Many much smarter people than me believe that as banks intensify their quantitative easing and rates go to 0, bitcoins case as a new new international monetary system stands stronger than ever. With futures going in backwardation and derivatives funding rewards longs, we could see bitcoin reaccumulate and bounce strongly towards a...
Trying to snipe at a reversal of alts. ADA is my second candidate. Bid is filled, further comments to come.
Trying to snipe a reversal on some of the alts. XLM is my first candidate. Bid is filled, further comments to come.
XRP is testing previous support, lows were taken beforehand, therefore I find reversal highly likely.
It's clear shorts are pulling the funding and providing sell presure, but ETH is extremely bullish and will keep on pumping until momentum fades away. 318 next target.
Proper spot for a bounce with a SFP forming on a larger timeframe. Tight well defined SL under previous low.
With BTC making a strong come back I'd believe many solid alts will also regain their composure. Fundamentals of this particular ERC-20 token are solid and make a strong case for my long term crypto portfolio, thus I'm accumulating it in current range near it's all time bottom.
ES_F showing increased sell pressure. and we're now hitting the roof of Nov range. S
XRP/BTC retesting previous breakout and showing signs of accumulation. If BTC slows down with its bullish rally I'd expect XRP to catch up. XRP traded inversely to BTC in recent moves. I'd expect money flow from BTC to XRP now: XRP/BTC moving up simultaneously with BTC/USD droping until correlation breaks later on.
Btc could be in need of a weekly correction: Short.
Shorts have been decently squeezed and short numbers numbers are psychologically important, thus I assume we might oscillate around 7k and redistribute above recent high, than we drop.
Consolidating above resistance vs USD, and right at support on ETH/BTC pair
Market is leaning bullish, but shall we fail to respect a recent S/R flip, I'm filling up one last short.