BTC is hanging in there right now. If we lose $15900 then we may be headed toward the $15500 zone. Losing that should probably cause panic and send us below $15000. Let’s see how this plays out since it’s the weekend. Stay safe.
ETH has been looking pretty good but it can’t bust through the $480 resistance. Testing the $460 range again and broke down from the channel. Let’s see if it can recover back in. If we lose $459 and it’s flipped to resistance I’ll be looking to DCA at $437 and $425.
Managed to short as soon as we broke the channel. Closed for now and waiting to buy the dip at 11.70. If we lose that then the next support seems to be below $10. Unless BTC decides to nuke. Regardless LINK will always be a top performer and never bet against the marines. Stay safe
BTC hit its first resistance at $16200. Still in the ascending channel on the 4hr. Might chop around here for a bit, until it tries to test the resistance again. Regardless, this shouldn’t be the place to buy. Fear and Greed charts are high and stocks are slowly dropping. I’ve been in this game for a while and my March ptsd is telling me we may nuke down any day...
BTC has been holding up the past 24-48 hours. Volume is pretty low across the board so whales might be in charge here. Maybe some distribution here. Breaking $15850 resistance and flipping it to support would be really bullish. Until then I’m sidelined to see where we go. Sometimes the best trade is no trade, especially in choppy conditions. On a side note, the...
Support and Resistance on chart. Looks like we might be trading in this channel for a bit until we get a clear idea which way we go. Volume is declining, so if we don’t get a push soon we might test the 430 zone. Trade safe.
BTC had a great run since last week. Now we are sitting at an important resistance zone. If we lose this 11250 zone then we will probably head towards 11050 area where the CME gap formed.
Also, in the US we now have 2 vaccine trials and 1 antibody trial on hold due to complications which is already impacting the markets. Stimulus probably won’t happen until after...
I’m still bearish short term here. Today’s pump reminds me of the PayPal news and that dumped 24 hours later. (Square loading up on BTC) Plus I don’t trust low volume pumps. Support resistance on chart. If we lose 10800 we may revisit 10500. Flip that and we may finally break 11000. Let’s see how this plays out. Stay safe
The markets been trading pretty crappy the past couple of weeks. Low volume and a lot of bad news (shit mex, KuCoin hack, Trump Sick) yet we are still about $10k. Gold is up, SPX is holding, and DXY is slowly declining, which is why BTC should make a move higher if it is truly linked to the traditional markets. If it doesn’t make a move soon, I’m swinging bearish...
ETH hasn’t been doing to good lately since that crash down to $300. It’s been pretty stable but now it seems like the bulls are in control. Crypto is still correlated to the stocks and DXY. Watching those should give you a perspective on which way we are going. Long term I’m beyond bullish since 2.0 is due in November. Short term we need to flip $350-$355 zone, if...
I posted a chart a couple of weeks ago that BTC was approaching the tip of the wedge and was split 50/50. Well we go our answer. With inflation, more money printing, institutions investing, and gold/silver skyrocketing....BTC is a no brainer. Short term targets on the chart. Very good chance we hit all time high this year. It’s going to be choppy and the dips are...
This is a no brainer. With all the hype around Etherium (see post) classic with definitely follow. Short term targets on chart. I’m expecting Etherium to hit $700-$800 once 2.0 is officially launched, so classic should easily be over $10. Good luck. Stay safe and always take profits.
Hope everyone bought the dip. I’ve been accumulating since the announcement of 2.0. This upgrade has been pending since 2018. The test net phase starts August 4. If all goes well, 2.0 will be launched within quarter 3. This is massive...everything is built on Etherium. Make sure you have a game plan and stick to it and ALWAYS take profits. Personally, I have my 32...
BTC looks ready to point us in the right direction. Next couple of days. Seems like a 50/50 coin flip here. Just be prepared for either direction. Would love to see some comments on your perspectives.
Spotted this fractal...seems pretty spot on. Targeting $225 range. Let’s see if this plays out. I also ran across this article on Twitter. Seems like there might be another delay with 2.0. Hopefully this is just FUD. Either way I’m bullish long term
www.theblockcrypto.com
Sorry for the messy chart but I’ve been adding throughout the week. ETH had a nice run with the other alts but it landing back under the trendline from the previous high. Break $241 and flip it...we are good. If not expect further downside. $250 seems like a strong resistance. I saw thousands of ETH being transferred to Exchanges in the past 24 hours so I’m not...
Same concept as my BTC update. RSI overbought and a great place to hedge if you caught the bottom. Still bullish long term. ETH 2.0 is around the corner.
BTC is playing with resistance right now. RSI is in the over bought region. Great place to start a hedge if you longed from the dip yesterday. See chart for the fractal...seems pretty similar. Stay safe.
