Trader_hao

Trader_hao

Bitcoin broke its support at $3,750 and now $3,750 is the current resistance. BTC went all the way till below $3,300 and did a slight recovery and is now back at $3,500. This is one of the lowest we have ever seen bitcoin at. Together with it, most cryptocurrency fell by the same or even more %. Market is very volatile now and if you want to hedge your risk, you...

Trader_hao

BTC is still moving between the range of $4,450 and $3,760. If BTC were to drop below $3,760, might head to the next potential support at $3,000. $3,000 being the potential support based on the rule of round number. This might prove as a make or break moment for BTC. However, if BTC heads to $4,450, it might return back to $6,000 range. Have to monitor what...

Trader_hao

Did a TA on BTC against USD. Right now the range that BTC is moving is between $4,450 and $3,760. Its currently at $4,280 right now. Theres an increase in volume in the past 2 weeks and thats from the massive dip till $3,760 and then recovery from there. Market is pretty unstable right now and its very news dependent. Its still overall a relatively bearish market sadly.

Trader_hao

Market has been really rough and BTC is at one of its lowest so far at around $4,600. If you had hedged, you would still be relatively doing ok. However, if you were holding most of your assets in coins, I think a reversal might be coming soon because all the coins seem rather oversold right now. I think a small recovery would come soon. But confirmation only...

Trader_hao

Did a TA on Bitcoin Cash against BTC. It shot up from 0.064 BTC all the way till 0.098 BTC after the announcement from binance that the hard fork token will be supported. Interestingly enough, it did not pass the point of 0.1 BTC and i think because there was a lot of sell orders at that point because of the rule of round number. Nonetheless, after doing a...

Trader_hao

Bitcoin Cash Price Jumps 10% on Binance Support. Similarly as to all hard forks, its like a divident issuance. Therefore, price usually will fall right after the hard fork has occurred. This might present a good opportunity to short Bitcoin Cash on Bitmex right after the Binance snapshot has been taken. "Binance would like to confirm support for the upcoming...

Trader_hao

After the previous spike, it seems like BTC and the rest of the cryptocurrencies has slowed down in volume over the last 2 weeks. Not only that, prices has been going down by less than 1% daily since the spike. However, BTC is still within the trend channel between $6,180 and $6,790 and resistance is still valid at $6,790. if price reaches $6,790, there might be a...

Trader_hao

Did a TA on ETH against USD. After the sharp dip from the breakout previously, ETH went back up when there was potential issues with USDT. However, it seems to be consolidating right now around $207 and we might see a breakout soon (either way). Have to wait for a confirmation candle next. Support region is between $190-$200.

Trader_hao

Did a TA on BTC against USD. Seems like volume is stable right now and price is not moving as much. However, we can see that there is a resistance at $6,790 level and also key resistance is at $7,380. If it breaks $6,790, highly it might go to $7,380 and it will find new support at the previous resistance. However, still overall bullish into the month of november...

Trader_hao

It seems like Bitcoin is on an overall down trend if we are using the daychart (long term outlook). However, just 2 days ago, BTC broke out of the downtrend resistance because of the USDT saga (so its not technically a fundamental breakout). However, i am still bullish on BTC especially closing in to middle of november. Price is at around $6,740 right now and i...

Trader_hao

Did a TA on ETH against USD. ETH fell from $225 all the way to $190 within a period of 24 hours and right now hovering at $200 for awhile already. $190 seems like the key support region and $200 is the daily support. If ETH drops to $190 where the key support region is at, it might potentially dip further. However, I feel ETH is currently oversold right now and...

Trader_hao

BTC has been dropping against USD for the last few months. However, it will highly recover if it continues to inch up and breaks the resistance trend line. That said, I think the market overall sentiment is still rather bearish and volume is pretty low as well nowadays. If it breaks the resistance trend line, there is a high potential of a bull run. Plotted this...

Trader_hao

Did a TA on XRP against BTC. I think XRP is overbought/overvalued right now because the market cap went up significantly within a short period of time. That said, it went below the consolidation point at the end of the triangle. Right now, I think its highly volatile and XRP price is very dependent on the PR/news releases right now. Being overvalued, I would...

Trader_hao

Did a TA on ETH against USD. Seems like theres some volume accumulation going on right now based on the green candles on the volume bar. Also, it just broke out slightly on the descending trend channel. If its followed by another green candle, potentially ETH might break out and head towards $250 level. Meanwhile, just have to wait to see whats the next candle...

Trader_hao

Did a TA on BTC against USD. BTC is currently consolidating right now in a descending wedge. Looks like short term, it might rise abit more before retracing towards a consolidation point at around $6,000 denoted by the blue/teal line. The main reason why $6,000 is a good psychological support line is because of the rule of round number, making $4,000, $5,000,...

Trader_hao

Did a TA on ETH/BTC, seems like ETH just broke its downwards sloping trend channel and is now touching 0.06 BTC. Main reason I could think of, of why ETH is not performing as good as BTC is simply because 1) big projects are cashing in on their ethereum that they raised during their ICO phase and 2) The next ETF that is potentially coming out would be Bitcoin and...

Trader_hao

Looking at the chart, it seems like BTC is on a overall downtrend. However, it just went on a bull run earlier yesterday and currently is at the top of the Bollinger bands (which often means a reversal might be coming). That said, I think its probably gonna stabilise at this level between $7,200 and $7,500 for awhile before having a next massive breakout/dump....

Trader_hao

Just did a TA on BTC, support region between $5,800 and $6,550. If it holds above long enough, probably it might consolidate in this region for a while. If you look at the volume (just using bitfinex as reference), volume has been decreasing over the last 7 months. This also means that the market movement is slowing down and this also means that the volatility...