Bitcoin has given us a solid buy signal off of 34700 area. Considering how strong the above resistance is, I see little chance of push to 38.5K, but a test is highly probable in the next few days. Since the price is still few thousand points away from that resistance, we have more than enough room for a long setup.
Here's the idea: Take profit around...
We now see that Maker has made it's move up near the old and major resistance around 1575 area (which you can look back to on both daily or weekly chart, around january 2021 and may 2022). With such a strong resistance, and high volitality BTC, I have three possible scenarios in mind (as shown on chart):
1. MKR tests resistance, manages to break out. If this...
XRP provided us with a nice, big, bullish pinbar on a 4h chart. Based on both support and resistance areas and ATR, our stop should be 0.04 points bellow current price and take profit at around 5 which is ~0.06 points. That is 1:1.66 risk to reward ratio, which is quite sufficient with a signal as strong as this together with strong BTC as a carrier.
BTC has done nothing but respect resistance levels and form lower highs. On top of that, the S&P is pushing lower and the dollar is going higher which both put great bearish pressure on BTC. To top it off, BTC formed a strong bearish pin bar that bounced back down from 20.5k. The 18.5k is still holding, but the environment doesn't favor it whatsoever. There have...
XRP has been in a set range for a while now, and now it hit the range high. If the range high is not broken, we can expect to see return to range middle or even range low in next few days or weeks. This goes against yesterday's BTC bullish pinbar, but the pinbar doesn't seem to be following trough. If BTC remains above 19k, small bullish momentum is possible and...
