As you all can see, Bitcoin took my stop and is back above the up trend line. I originally expected a drop but it has been invalidated, so I’m just watching for now and I’ll remain on the sidelines until there’s a break of 50k again or the previous scenario plays out and 43k comes first.
ETH hovered around the resistance for some days and has finally broken the $3,500 resistance. I believe this resistance will be flipped to support and we go past $4k but as of now, there’s no volume in the breakout so I would wait for a retest confirmation before entering this trade.
There’s a good amount of confluence on BEPRO. It is still holding the up trend line, it is holding nicely above the support as well and has bounced from it. You can also see the bullish divergence on the daily chart which is why I am super bullish for a new ATH in this run.
Bitcoin was first rejected at the strong $50k resistance and is yet to test a strong support. The trend line as shown on the chart has been broken down and retested. Bitcoin will go down from here to $43k - $42k before it gets up to $54k and then beyond to a new ATH. We may not ever see Bitcoin below $40k again.
The Fantom chart is very bullish. This is the same on the FTM/USDT Chart. I entered this trade in July and almost had my stop loss hit but the trade swung upwards and is not stopping till it gets a new ATH.
BEPRO is on a full reversal and going for a new ATH Midterm. Perfect cup and handle bullish pattern right here. The network also recently partnered with Crypto.com, exposing it to over 10million users. Fundamentals and technicals are all bullish.
It’s really simple. REEF took that resistance as support and began another leg up. Bullish divergence on the RSI, you can see that uptick in the ATR, and the exponential moving averages align from 55 to 8 carrying the momentum of the bullish trend. Tight stop loss as you can see because I am either right or wrong immediately. And it seems I am right.