TradingChimp503

TradingChimp503

MA200 Resistance Challenge and Decline: Starting from the 9th of October, the price of Bitcoin began to decline after encountering resistance at the MA200. This marked a significant challenge as Bitcoin struggled to break and close above the MA200 during the period from October 1st through October 9th. Hopeful Spring: Despite the MA200 resistance, there's a...

TradingChimp503

**Bitcoin Weekly Chart Observations:** Support: 💪 Strong key support at $25,000, a level frequently tested as both support and resistance. Resistance: 🛑 The primary resistance factor is currently the MA200, situated at approximately $28,300 on the weekly chart. MA200: 📉 We've observed a failure to close above the MA200 last week, leading to continued trading...

TradingChimp503

Current Price: 💲 $27,900 Local Resistance: 💪💲 $28,000 Key Support: 🛡️💲 $26,000 Moving Averages: 📊 Weekly MA200: Bitcoin continues to struggle below the MA200 at $28,000, making it a crucial resistance level. Daily MA200: This aligns with the Weekly MA200, emphasizing the importance of closing above it, especially before considering a move toward...

TradingChimp503

BTC/USD Index Oct 5, 2023 Current Price: 💲 27,489 Local Resistance: 💪💲 29,000 Key Support: 🛡️💲 26,000 Moving Averages: 📊 Weekly MA200: After briefly recovering, we've seen the MA200 serve as resistance for the past 7 weeks. To regain bullish momentum, we need to close above $28K. Daily MA200: It aligns with the Weekly MA200. Breaking above this moving average...

TradingChimp503

XRP/USDT Binance Weekly Analysis by TradingChimp503 📈 Current Price: 💲0.5237 Local Resistance: 💪💲0.55 (based on candle wicks for the current week and previous week) Key Support: 🛡️💲0.49 (important for psychological support and the previous week's low) Moving Averages: 📊 Weekly MA200: The price hasn't closed above it in the last 5 weeks, and last week it closed...

04:28

TradingChimp503

As we've cleared and closed with good volume above resistance at $27,450. So now its important to identify our next levels of interest. BTC must hold $25,500 as support, this is key in many ways. 1) To keep up the stair-step concept and keep up the momentum. 2) Re-validate $25.500 as a long term key level for BTC 3)To push whales and institutions to buy...

05:35

TradingChimp503

TEL/USDT reclaimed the MA200 at the beginning of November.. It has made a series of higher highs and is not possibly looking to set a higher low

TradingChimp503

ATOM bounced about 25% from last pullback.. BTC drops should take it down to the low $20s..

TradingChimp503

Looking to take a long on Luna at MA200 about $45... Hoping for bitcoin to test the 30K area and that to push Luna to these levels

TradingChimp503

Very key level $1.50 Extremely wide bollinger bands. Price at the top band Inverted hammer, with a second one forming recent 40%+ move bearish divergence pretty high volume on inverted hammers Looking to go long at the test of $1.30 - $1.35 zone

TradingChimp503

3 indicators did higher high from the previous push, the price failed to make a higher high... Price should drop and test bottom support again

TradingChimp503

Hourly chart finally shows weakness in the pullback and forms a bullish divergence... Price needs to climb above 35K to increase market confidence

TradingChimp503

1) Daily bullish divergence 2) Correcting for 1 month 3) 4EMA starting to turn and line up 4) Watch for retest of breakout

TradingChimp503

1) Daily Bullish divergence both on MACD and Stoch 2) Retesting of resistance taking place now

TradingChimp503

1) Falling Wedge consolidation 2) Bullish divergence on MACD 3) Decrease in volume 4) Correction inside long term uptrend

TradingChimp503

ZIL has pulled back to find support on its trendline while on an uptrend. Volume has decreased since the sell off at 300 sats

TradingChimp503 Updated 

You can see my notes on the chart. Please do share your thought twitter.com

TradingChimp503

Please feel free to comment, were here to learn from each other, all criticism is welcomed. You can see my notes on the chart.