Nutty_Trader

Nutty_Trader Oct 20, 2021

CHZ is a very sound project that many have seemingly forgotten about. We have a nice cup and handle playing out. We have a couple key areas of resitance to break through but after that there is room for growth. We could see a drop to .25 cents before takeoff if BTC takes a hit but overall Chiliz is looking good.

Nutty_Trader Oct 20, 2021

BACKGROUND Tether launched in 2014, and quickly became the world's largest stablecoin, with a current market value of almost $70 billion. In order to assure buyers that Tether is Legitimate, Tether claimed it had cash reserves equal in value to the stablecoins it issued. That means that 1 Tether Has 1 U.S Dollar backing it. The US government found that wasn’t at...

Nutty_Trader Oct 20, 2021

BTC is looking to take out the former trend support that has held as resistance for the last 5 months. It is also fighting against the neckline of the rounded top/ head and shoulders pattern that formed Feb-May. If Bitcoin is able to flip both of these lines (Which is exactly where BTC reached before slightly dropping). Then I think we can confirm that the bull...

Nutty_Trader Oct 19, 2021

Ive just included a couple of scenarios that could play out for BTC. At this point I am pretty neutral and just waiting for something to push me toward a side. There are still some pretty bearish divergences on the 1W and 1M charts. If we do break ATH id expect 72k to come rather quickly. If we fail to break ATH we could see a couple of weeks of sideways action...

Nutty_Trader Oct 18, 2021

The total marketcap of ALT coins is currently looking really nice. I think we could see one last drop before we take off. All dependent of course on BTC but once BTC corrects and moves sideways look for alts to break out and fly.

Nutty_Trader Oct 18, 2021

With the ETF news coming out tomorrow I think we could see one final fake out pump to trap some bulls before we head to the downside.... The reasons being... - Extremely bearish divergence on the 1 Week Chart as well as the 4H , 1D , 3D - ETF news coming out tomorrow (Buy the rumor, Sell the news) - Long overdue for correction - Still havent broken above the...

Nutty_Trader Oct 17, 2021

Algo is looking pretty good. I think we have one more drop to the 1.60-1.65 area before we head up towards 2.20. This is just a potential play that I am currently keeping my eye on. Thanks for viewing my post!

Nutty_Trader Oct 16, 2021

Would look for an entry around 7.50 with a target around 11-12. We are looking to break above the .236 fib level right now before heading higher. Thank you for viewing my post!

Nutty_Trader Oct 16, 2021

If algo breaks out of the triangle to the downside we could see a strong bounce off support. 1.65 is a pretty good entry and target would be 2.15. All dependent on Btc.

Nutty_Trader Oct 16, 2021

BTC has some pretty intense bearish divergence on the weekly timeframe. With price being pumped based on the ETF news this will probably end up being a classic case of "Buy The Rumor - Sell The News". There has to be at least some sort of pullback for BTC to continue healthy growth. The longer we go without a correction, the worse it will be when it does finally...

Nutty_Trader Oct 16, 2021

ICP with a nice double bottom there was also a nice cup and handle that played out in the shorter time frame. Id expect the RSI to cool off a little bit and give more room to run. I think we could see a drop back down to support before we blast off. This is all of course dependent on bitcoin moving sideways but even when bitcoin corrected a bit ICP stayed strong....

Nutty_Trader Oct 14, 2021

Btc is facing some strong resistance, the daily RSI is also overbought. Theres only 3 hours left before the daily close and it looks like we could potentially close the day with an evening doji star. If that is the case then I think we will end up seeing a nice drop. Thank you for viewing my post!

Nutty_Trader Oct 14, 2021

Algo formed bearish divergence on the weekly chart could see a drop back down to the support of this channel before heading up to try all time high. Still long term bullish on Algo just think we could see a drop sometime soon.

Nutty_Trader Oct 14, 2021

BTC is heading towards the neckline of the ATH structure that formed back between FEB-MAY. It helps to zoom out once and a while and look at the chart from larger intervals. 59.2K - 61.7K should prove to be some tough resistance to break above. This could potentially be the point in which we can see a reversal back to the downside. Thank you for viewing my post!

Nutty_Trader Oct 13, 2021

If BTC breaks above these two lines of resistance then this would be invalidated. Until then I can really see us forming a double top before heading back to the downside. If we do continue to the downside look for 53.8K - 51.3K... 58K would be a good place to get into a short position if there are signs of weakness. Lets see what happens! Thank you for viewing my post!

Nutty_Trader Oct 13, 2021

Bitcoin looks like its going to attempt to retest the broken neckline of the head and shoulders pattern that it formed. The neckline is also located very near the trend resistance dating back to June. Today we saw a drop to the 0.236 fib level and a quick bounce back up. I would expect Bitcoin to continue to respect the fib levels, thus some key price points to...

Nutty_Trader Oct 12, 2021

I would expect a retest of the broken trendline and broken head and shoulders neckline before continuing further to the downside. If looking to open a short position I would wait until we retest the 56.9-57k area. Thank you for viewing my post!

Nutty_Trader Oct 11, 2021

We have formed a bearish evening star doji candle right at resistance. The last time we had such a candle at resistance BTC fell 20% in about 12 hours. Even though bitcoin has been completely invalidating all bearish scenarios, I think this is the one that does it in. Not to mention the ridiculous bearish divergence that has been playing out. Most bears have now...