MBM_Crypto

MBM_Crypto Updated 

Here's a quick look at the 8 hr. BTC chart. As we can see, the price broke below the rising channel and is currently testing the bottom of the support zone! If DXY keeps rallying, the support is not going to hold! There are some unfilled Fair value gaps between 20k and 18k. These gaps tend to get filled at some point! Also, the DXY is expected to rally from its...

MBM_Crypto

Here's a quick look at the 8 hr . BTC chart. As we can see, the price has been bouncing within a bigger broadening wedge and is currently retesting the bottom trendline. We should expect much lower prices if the price breaks below the trendline and support zone. There are some unfilled Fair value gaps between 20k and 18k. These gaps tend to get filled at some...

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The idea is: Buy when the price breaks above 1.535$ and take profits at the levels shown in the chart. Targets: 1. 1.56$ 2. 1.62$ 3. 1.68$ ------------------------------------------- What's a Fair Value Gap (FVG) ?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or security. It...

MBM_Crypto Updated 

Here's a quick look at FET 2 hr. chart. As we can see, the price has been oscillating within the bigger triangle and bigger move either way is expected! ------------------------------------------- The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart. Targets: 1. 0.45$ 2. 0.48$ 3. 0.5$ 4. 0.55$ 5....

MBM_Crypto

The idea is: Buy when the price breaks above 0.461$ and take profits at the levels shown in the chart. Targets: 1. 0.48$ 2. 0.51$ 3. 0.56$ 4. 0.6$ ------------------------------------------- What's a Fair Value Gap (FVG) ?: A fair value gap is the difference between a financial instrument's theoretical value and market value, such as a derivative or...

MBM_Crypto

The idea is: Buy when the price breaks above 14.31$ and take profits at the levels shown in the chart. Targets: 1. 14.6$ 2. 15.3$ 3. 16$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2....

MBM_Crypto

Here's a quick look at the 6 hr. BTC chart. As we can see, the price broke below the broadening wedge and is currently testing the support zone. We should expect much lower prices if the price breaks below the support zone. There are some unfilled Fair value gaps between 20k and 18k. These gaps tend to get filled at some point! Also, the DXY is expected to rally...

MBM_Crypto

The idea is: Buy when the price breaks above 17.51$ and take profits at the levels shown in the chart. Targets: 1. 17.7$ 2. 18.2$ 3. 18.6$ 4. 19.1$ 5. 20$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a...

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Here's a quick look at the 2 hr. BTC chart. As we can see, the price entered a strong order block, couldn't break through, and got rejected. The price was also forming the bearish rising wedge pattern, which now has broken to the downside. If the price doesn't hold above support zone 1, we will likely see support zone 2 at 18k-18.4k. The fair Value Gap will get...

MBM_Crypto

Here's a quick look at the daily BTC chart. As we can see, the price has been rallying for the past few weeks and has now entered a strong order block! There's a lot of sell pressure in this zone, so there's a high probability that the price will get rejected. Also, there's a fair value gap at 19.8k, which gets filled most of the time. Therefore we should expect...

MBM_Crypto

Here's a quick look at the daily ETH chart. As we can see, the price has been oscillating within the bigger symmetrical triangle. The price will likely break below the triangle with the current market sentiment. There's an unfilled Fair Value Gap from 770$ to 870$. These gaps will likely get filled in this bear market since the DXY is expected to rally from its...

MBM_Crypto

Here's a quick look at the 3-day BTC chart. As we can see, the price has been oscillating within the bigger descending triangle. If DXY (Dollar Index) keeps rising, we should expect the price of BTC to go further down! There are some unfilled Fair value gaps between 11k and 12k. Also, there is an unfilled CME gap at 9.7k! These gaps tend to get filled at some...

MBM_Crypto

Here's a quick look at the 6 hr. BTC chart. A couple of days ago, the price attempted a breakout to the upside from the bear flag but couldn't close above it. This led to a semi-heavy move to the downside, which broke the bear flag to the downside instead! If the DXY (dollar index) keeps rising, we should expect BTC to continue its move down. And if DXY retraces...

MBM_Crypto

Here's a quick look at the BTC 6 hr. chart. As we can see, the price has been printing a bigger rising channel, and if the price gets rejected from its current level, we may see a drop to the bottom of the rising channel! If the price breaks above the channel and thereby 18.2k, the price will probably retest the 18.8k level! A rising channel has a 30% chance of...

MBM_Crypto

Here's a quick look at the 4 hr. BTC chart. As we can see, the price har recently printed a Head & shoulder pattern. The head and shoulder pattern Is a bearish chart pattern which has a high probability of breaking lower! If the price breaks below the neckline, the price will probably end up in the support zone or even lower if the price doesn't hold the support...

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Here's a quick look at the daily APE chart. As we can see, the price has been in a downtrend for some time now, and the best entry would be when the price breaks back above 4.51$! This will only happen if BTC decides to go north. The current market sentiment isn't bullish, so this setup has a low probability of playing out....

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Here's a quick look at the TWT 4 hr chart. As we can see, the price has been forming a bigger symmetrical triangle, and we may see a breakout soon. ------------------------------------------- The idea is: Buy when the price breaks above the triangle and take profits at the levels shown in the chart. Targets: 1. 2.34$ 2. 2.47$ 3. 2.6$ 4. 2.95$...

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Here's a quick look at ALGO 30 min chart. As we can see, the price has been forming a symmetrical triangle and we will see a breakout soon! Keep an eye on this setup! The best entry would be when the price breaks above 0.302$ with a good amount of volume. ------------------------------------------- The idea is: Buy when the price breaks above 0.302$ and take...