//================================= // Bitcoin - The Hype Around 100D MA - Why We Could Retest 50D MA //================================= Bitcoin has been in a free fall lately. I expect the price to reach the 20W SMA to complete this bearish move. However, it does not mean that we will get there today. There has been a lot of talk about the 100D MA. If there...
In moments of ambiguity, it is best to sketch out scenarios for each possibility - so that regardless of the way market moves, you will have a plan or at least an expectation in hand. Our key levels are established by Pitchfan Fib Extensions 21W SMA Refer back to this graph periodically to understand price relative to bull market context. Cheers,
This is a risky position because the bullish momentum in the 3H is not yet confirmed in the 6H. However the 12H and 24H timeframes all look like they are eager to allow bullish moves. The question is, when we should be opening our positions. I am likely going to go for a close Stop Loss, and conservative Take Profit locations in this case. Would rather wait for...
We will likely be able to break our multi-month consolidation range (above the orange line). Then, the prices could skyrocket, but first target I am aiming for is the 0.5 fib line, which corresponds with 0.0001525 level. This prediction is IF and this is a big if, BTC does not do any stupid movements in the upcoming days and just chills above 60K without making...
Hello Everyone, Today we are covering BELBTC. Here are the key take aways: If the Head and Shoulder formation is accurate, and the recent pullback is a confirmation of that, we can see a significant move upwards. MACD shows no reversal signs yet Pheonix (the indicator above) shows bearish pressure which could be amplified in the upcoming days. Really...
While nearly all ALT's have been massacred by the recent pullback, it is a regular Wednesday for THETA. What does the Technical Analysis tells us? - rebounded from 20D MA - broken above a bull flag (i.e. overall bullish trend) What does macro analysis tells us? - BTC has a chance to bleed even more So it fully depends on how BTC moves, however, in being up...
Again, with BTC the way it is, I would prefer to wait it out before investing back into the ALT's. However, with THETA 10% up and breaking a bullish flag today, it would certainly be logical to expect some similar action for TFUEL. With the market the way it is, it is still extremely risky. Usually with these formations, we would trade the confirmation of...
Let's hit the $3 mark. Expecting significant price action in the next couple of days.
I've created this ticker myself to get an idea on how BSC projects perform as an asset class. I may not have all of the BSC assets in this index so if you know any other worthwhile projects, let me know. Anyways, I am seeking an entry to BSC and looking for possible consolidation around 0.00185 levels. If it reaches there, I might get bigger positions in the BSC projects.
Both the USD and the BTC pair's have significantly bullish setups. Do not leverage, allow GRT to play this out.
If the parallel channel structure holds, like it did for this coin's whole listing in BINANCE, we would be looking for an extremely bullish setup - potentially taking us to new heights. Do your own research and consider your own risk limits. This is not investment advice.
Remember our publication yesterday, calling that we might be getting closer to the edge of the cliff? Well, we are there today. We bounded off from this location because of the parallel channel formation. However, this certainly does not mean that we are on the right track. If channel is broken - we will be eyeing the following levels: - 53K - 50K - 43K
Normally in bull trends, we see the 20W SMA as a validator tool, supporting the next leg of the bullish continuation. This cycle, BTC has not been in contact with the 20W MA since October. If we are not able to break 60K level and see yet another pullback (probable given Pi Cycle cross soon) - it is likely to assume 20W would be a key location to visit. Why...
It goes perfectly, in line with channel formation. I have been using that since 50Kish level, to be patient in any small pull back. Falling down to 57K level was problematic, but I was ok that it will hold. But bull flag formation which was formed at 58-59.5K level was invalid. Just sharing the formation to follow up, More macro details at
The liquidation on the exchange bring us below 57K, but it is a small pull back for the liquidation of longs in exchanges, as it happened most of the time. Key Watch outs - Unless we drop below 54K, we are ok to move forward - Below 54K or below 52K can bring us to visit 42K level - Breaking 60K with a volume is key, but be cautious on 60.6K (double top...
Risky play here. Bullish case represented by decreasing MACD volume and potential cross of green line and red RSI above level 50. However, there is no real support for the price-action if we break the White support. Await further confirmation before entering a trade.