TheHitman

TheHitman

Hi Traders Last Friday Bitcoin did break out of the high volume node below 40k. After the weekend and more or less one trading day, I think, the price could actually hold above 40k. But I expect Bitcon to retest the top of that high volume node in the upcoming days. This retest will be crucial, if it holds, I will flip bullish on Bitcoin. Before that I will stay...

TheHitman

Hi Traders In case you dont need sleep or plan to trade the asian session you could try to trade the break of todays range. There is a huge volume gab between 37k and 38k when looking at traded volume of the current week. In case you get a good entry please make sure you move your SL to at least your entry point before approaching the edge of the range. I most...

TheHitman

Hi Traders Since the market is currently pricing in last nights Fed press release and institutions position themselves even more to a risk-off scenario, I expect Bitcoin to retest the 30k area. You can also see the change of sentiment in yesterdays daily candle. It will be important to not let yourself be fooled by choppy markets the next couple of weeks. There...

TheHitman

Hi Traders As you already know there are important news coming out today and tomorrow. Depending on the outcome of this, there are two scenarios I think are possible for Luna in case as markets go down. One is to bounce of that market area and the other is trading in that range with a bit more volume traded. Potentially Luna could stick there for a while if we do...

TheHitman

Hi Traders I think Bitcoin will retest 42k today, before we then will take off to retest the bottom of the high volume area at 45k. Anyways, 45k will be crucial, if we establish trading in the high volume area above that level, I dont expect a crypto winter in Q1 2022 just yet.

TheHitman

Hi Traders SPELL looks like a buy to me. Always consider that Crypto depends a lot on BTC when trading small cap coins like this. For me both look good at the moment.

TheHitman

Hi Traders I think the BTC correction is not over yet. I expect it to retest the 50k level and then, when volume increases to take out ATH.

TheHitman

Hi Traders BTCUSDT is currently fighting a fight around the 50 EMA on the daily chart. If EMA50 is not able to hold, then we will see further downside and most likely go below 50k. If it bounces back up we could be on our way to retest ATH. Also the Hitman indicator has given us a bear signal but usually when above 50EMA on the daily I use it only as a signal to...

TheHitman

Hi Traders Looks like we are going to break the downward trend in luna. Overall I am very bullish on this project and therefore I think it was only a matter of time till we go back upwards. I expect ATH when we break the 20$ region but I think it is worth to already enter with a small position for a swing trade.

TheHitman

Hi Traders A very intersting DeFi project is about to break out soon. This is obviously a high risk trade with very few data to look at. But we saw Hitman signaling a bull on Jan 16th and since then price has already doubled. With break of the latest structure we are now on price discovery mode. See where this project will end up.

TheHitman

Hi Traders Looked at the STXUSDT chart and saw a flag. Also Hitman is not showing a bear sign yet so there is no worry if you are in a long position.

TheHitman

Hi Traders ADA about to break the area around 0.11. Potential targets can be 0.12453 or even 0.15. I expect the 0.12453 level to act as a short time resistance, leading to a retest of 0.11 before we take off. As always with altcoins watch overall market state and don't position yourself against it. At the moment there is a lot of uncertainty in the markets and...

TheHitman

Hi Traders This is what in my opinion will happen in the hours of US election (and maybe the day after). Basically we will pullback form 1900 area and the relatively fast retest the 1908 level. I will get not get very bullish until we break 1930 (weekly resistance). We might see a very volatile day so be very careful. This might as well turn out totally...

TheHitman

Hi Traders As we closed the monthly candle yesterday and the weekly today it is worth to look at a weekly chart of BTCUSD to get a feeling of the overall state of the market. Since march we are in an uptrend, the market had to break resistance in the area before 10k and at 12k level to highs we are right now. Summer 2019 the market was in that area too but failed...

TheHitman

Hi Traders I expect GBPUSD to bounce of the psychological level of 1.3 as it also acted as an important level before. Also Hitman is still bullish and the break of the level is was pretty strong. For complete confirmation of the idea I suggest watching price action on lower timeframes like the 4h but I guess it could also be played without that. Potential target...

TheHitman

Hi Traders Hitman indicator printed a bull last thursday right in front of a weekly resistance. So far it seemed to hold but also it doesnt moved away from it too far. Price seems stuck between that weekly resistance and a former resistance from the daily timeframe that might turned into resistance now. I am getting bullish when we break that weekly resistance...

TheHitman

Hi Traders Recently some people got euphoric about seeing ATH for BTCUSD. In my opinion the price is in an area of high sell pressure at the moment. Also there are an old resistance levels ahead of us. So I would like to see how price behaves above 13800 area first. At the moment I am neutral. Whenever we saw prices above 13k we went down far and fast (except for...

TheHitman

Hi Traders A potential trade is coming up on the 4h timeframe on BTCUSDT. I will try to catch the pullback by watching the price action of the 15min timeframe. I think we will retrace around he 11600 area for a retest of 12k.