We got a retest, followed by strong rejection then more weakness on the second retest = exit signals as bears are taking control Expecting this pink line at $47500 not too hold Hopefully can load up at $45575 Not much else to say, still bullish, fundamentals are good lets keep the ship sailing above the Lows marked please! - $43000
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Last week we didn't make many trades as the market wasn't giving us much but blood We did however take a nice play from the range highs to 52K Which was heavily rejected. We just deviated below the range low and cleared a 4HR SR / order block Again I will be observing price action amongst the range levels marked for further entries 1W bearish divs gave us a major...
Good daily close above bottom range high and the wick low of the 22nd Feb - bullish Yesterday was break from range, retested today, initially with low momentum and a deviation (wicks back into the range) Acted as SL hunts also providing liquidity for move up Targeting 51.5-52K initially, $51700 specifically at the 1.618 of range break which is the fib a lot of...
Bullish divs 4HR is in, moved up from 45K to 48K as a result Now trading quite cleanly around range levels I used before we broke 49 and 50K Think bulls divs should give us enough momentum, aswell as close above 21EMA on 1D chart, to get above range highs and 1.618 of downtrend and try the 51.6K to 52K congestion zone From there we can work out whether we are...
Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI I believe that could take us back to 40K to completely...
Stinker overnight - 1.5bn liquidations on Binance. Wow. 18.5% drop whereas previous correction was 28% Could indicate further to go: Reclaim of this 3.0 MACRO fib would print a higher high, and could provide support BUT 0.618 fib and the downward trend line will be strong confluence of resistance 1W chart, if we don't close above last weeks candlestick high (line...
$DIA fundamentally strong data oracle Technically had a beautiful bowl formation which we entered a good few weeks ago now Running well, hoping it hits that top level $4.12
DXY acts in an almost direct opposite relationship with BTC - DXY down, BTC up Example: DXY uptrend from bottom of SR zone/falling wedge 6/7th Jan, BTC 42K top 8th Jan and moves into downtrend Falling wedge broke and has now successfullly retested on the 1D chart - hold above 90.6 and DXY looks pretty bullish This won't last for long though, couple weeks maybe,...
We broke the top of the range on the third time of asking Flipped and retested properly the 1.618 of downtrend which was the least risk entry signal Most breakouts have been riding to the 2.0 of their range/shape so I'm looking to hold most my long till then 2.0 of breakout from is $53200 and 2.0 of breakout from downtrend correction is $53600 This will form the...
ETH gas fees are ridiculous right now, and ADA is fundamentally bullish Very interested in longs from weekly mid-range, trend-line break and flips of the highs When it has partnerships with PwC and IBM Research, plus the Governments of Ethipia and Georgia it's hard not to be bullish!
50K has been breached, the rising wedge top trendline has been flipped Firms are looking to add BTC to their asset sheets to in the short term future Thus, the BTC.D looks like it should make a leg up As we do have a rising market cap though, I would not say ALTS will dump, I just think their growth will slow on the whole It is likely LTC ETH XRP DOT will be some...
UK Treasury has came out and said that XRP is not a security and it came under another brand of asset, 'unregulated tokens' "In December 2020, the U.S. regulator filed a lawsuit against Ripple, which alleges that its ongoing XRP token sales constitute an unregistered securities offering worth $1.38 billion." "Meanwhile, Ripple CEO Brad Garlinghouse insists that...
Firstly I still think the bigger picture is bullish, 500 CEO's attended Michael Saylors conference today (CEO of Microstrategy) with interests of buying BTC He is looking to purchase another $600 million also BUT The chart does reek somewhat, we have a rising bearish wedge formation, which forms higher highs and higher lows, but we had one previously in this bull...
4HR chart looks pretty clean now Clean takes of 20 and 50EMA's Huge liquidity grap during Asia again last night - like old times - allows it to move higher with more ease Clean takes of that 2.0 fib level and ETH will look to move higher - 2.618 the target at $2090! However if heavy resistance round that area, $1840-$1870 - this move will look like a very strong...
Pretty tasty set-up, broke the range and broke the descending trend line Hopefully with this BTC breakout we get some strength here where we can aim to break the fib levels even up to the 2.0 Fundamentally very strong coin, even boasting their own exchange now and brilliant APY opportunities Lets go...
Evident 48K is very strong resistance where we have whales colluding shorting the asset Not one 4 hour candle has close above this level We have seen flat top triangles forming all over the market - consolidate under resistance then push through Possibility of this here also 4HR bearish divergence causing some current sell momentum There was a month gap causing...
Fundamentally we have the 3rd release of Kybers network/protocol on the way - and the current DeFi app is very good as it is... it is a fully on-chain liquidity protocol for seamless token swaps Very bullish tweet from @KyberNetwork - Read this #DeFi research report by the Federal Reserve Bank of St. Louis @stlouisfed which includes an explanantion on smart...