BITFINEX:ETHUSD
Evidence:
1. After breakout, horizontal resistance failed to act as support.
2. Breakdown of trend-line that failed to act as support.
3. 4H Rejection to trend-line from the downside, meaning support turned to resistance.
4. Alt-coins showing weakness after XRP breakdown
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*Not Financial...
BINANCE:YFIIUSDT
Break of the bearish triangle formation to the upside as the confluence of Horizontal resistance turned to support and a new trend-line is about to confirm in the next test.
My take profit is set to the high of this range, stop set to the close of the previous trend-line test and target set to the previous HTF support/resistance...
BITFINEX:BTCUSD
Is bitcoin forking from reality? Or is it a really good time to sell?
"Who’s nervous about the outcome of the US presidential election? Not the markets. Bitcoin is up above $14,000 and stocks are soaring."- Decrypt, Nov 4, 2020.
I wont provide a very long explanation to why I'm short as I believe the chart speaks for itself.
Bitcoin is...
It has been two months since Bitcoin broke the downtrend going from $ 9000 to $ 12000 in just a couple of weeks. Since then we have consolidated in the range between $ 11,200 and $ 12,100 until the price suddenly plummeted 15% in what many thought could be a trend change to the downside. However, the price held above $ 10,100 in a very resistant support zone that...
BITFINEX:BSVUSD
As volatility stagnates and directional indexes are at historical lows, pressure is building for Bitcoin SV and other coins like DASH and LTC.
This graph shows how cyclical the crypto markets are and how dangerous it can be to be short in conditions like these.
Three downtrend periods are evident in the history of Bitcoin SV, the first being Nov...
BEAR TRIANGLE WITH TWO POSSIBLE TARGETS. 1 AT BOTTOM TRENDLINE. 2 PREVIOUS PULLBACK´S SUPPORT.
STOP RIGHT ABOVE THIS PEAK.
RSI AND MACD INDICATORS BOTH SHOW BEAR DIVERGENCES IN 4H TF. PRICE ALSO FAILS TO REINCORPORATE INTO THE MONTHLY UPTREND CHANNEL.
GOOD LUCK!
LIKE IF YOU AGREE
BTC/USC Will certainly test $8500 key support area which may provide an early entry for riskier trades. However, the price can also breakthrough leading to a continuation into lower 7k areas. This is why I'm buying once and if price tests $8500 support, reacts to it, and closes 4H above the descending triangle (lower highs). The strategy also allows for a tight...
