UnknownUnicorn3707027

UnknownUnicorn3707027

The long awaited break through the 12.5k just happened without any stronger pullback. We perceive strong euphoria in the crypto space, fuel from stimulus checks and the integration of cryptos in Paypal is a sign for mass-adoption and acceptance among more and more well-established corporations. Now MACD is clearly diverging stronger from the signal line while RSI...

UnknownUnicorn3707027

Our bullish scenario just got validated by surpassing 11k with enough volume. Now, one of the following events is likely: The first one is as shown previously a stronger pullback to 11.2k until we go up again. The second one, due to strong bullish momentum, could lead us to the upper band of the trend line and testing prior local high at 12.5k within a few candles.

UnknownUnicorn3707027

1: Right now we are touching the resistance line from the local top of mid August (12.5k). On the 4H MA200 seems to indicate a trend reversal which needs to be confirmed with a continuation move to the upside breaking the resistance line. This move could support the assumption of testing our prior trend line again at 12k. 2: On contrary, if we don't manage to...

UnknownUnicorn3707027

We are experiencing more downward pressure. The 10k level must hold which aligns with the trend-line all the way from the beginning of May. If this line will be broken, we most likely revisit the MA200 and a spike to lower regions can occur. Therefore, some buy-orders in the low 9k region are set. Long-term as speaking of weekly and monthly, I am still bullish...

UnknownUnicorn3707027

Before, our target of 1.18 was hit, reached 1.20, followed by a pullback to 1.16. There we found support and now we are moving up again. I think it is likely that we re-test the 1.20 key level again which would align with the prior trend-line as resistance . Now with the election day getting closer and covid-19 impacting heavily the US, uncertainty grows and this...

UnknownUnicorn3707027

Since we broke out of the gigantic triangle (>2.5 years) we were looking for a retest for it to hold as support which just happened at the 9.8k region . This could be the confirmation for our next bull run as falling back into the triangle seems unlikely. As from now we aim to retest the resistance at 12.5k and once we break this we could see a fast run until...

UnknownUnicorn3707027

Continuation pattern for upward move LONG (RR - Ratio 2.08) Entry: 10950 - 11000 Exit: 11395 Stop: 10765

UnknownUnicorn3707027

LONG (Risk-Reward Ratio 2.44) Entry: 0.27 - 0.275 Exit: 0.31 Stop: 0.254

UnknownUnicorn3707027

We broke to the downside from our mid-term trendline. I think we can see further downward movement until we reach the demand zone again. From there we can target 13k. My current orders: 50% Buy order at 10,755 50% Buy order at 10,555 This is my view on the daily while monthly I am still bullish.

UnknownUnicorn3707027 Updated 

Strength of the bears is reaching exhaustion on the 4h. Potential LONG to at least 0.40USDT

UnknownUnicorn3707027

Since we broke out of the wedge, ETH made great gains - for all the traders who are still in a long position we can see more than 50% gain. I took profit along the way and now fully quit the position for now. The volume is slightly decreasing and the upside movement was super parabolic which might indicate that we could see a pullback sooner or later. For now I...

UnknownUnicorn3707027

We made again a 20% gain on the IOTA/BTC resulting in a 40% gain since the beginning of July. Although IOTA is still looking strong technically, we should be cautious due to greed sentiment rising (for the entire crypto market). We might see more upside movement, but I prefer staying out right now. From a fundamental perspective, we are seeing great progress...

UnknownUnicorn3707027

On the chart we can see that the bull flag formation is not broken yet. 4 - hourly and daily timeframes seem oversold and are showing signs of reversal. Still higher lows on the chart. If we stay in the top part of the flag, we should have a high probability to continue within the flag and eventually break out to the upside as continuation move. Stay green!

UnknownUnicorn3707027

Here I am providing you with my Bitcoin chart from a long-term perspective. We closed July with a super bullish candle breaking through our triangle which was our trading zone for the last 2.5 years. One might argue we have never been in a bear market on the this time-scale - only accumulating to proceed with a continuation move. Technicals are looking great (MACD...

UnknownUnicorn3707027

Let's keep it short - Bitcoin made a nice run up and I hope all of you took the ride. Short-term as you can see here on the 1-hourly, slopes are flattening and the HH have less volume. I would like to see a healthy pullback and support holding at 11.2k. Long-term time frames 1 day + I am still bullish. Stay green!

UnknownUnicorn3707027 Updated 

In the previous post we realised that we had a decent upside move and from then on accumulated in the 1.2-1.4 region. This is more probable to turn out as a continuation move and therefore, we were taking a long trade from the break-out of this accumulation. Congratulations to everyone who took this trade. We are losing momentum and a pull-back to our trend line...

UnknownUnicorn3707027

Our target of 10.3k was not only hit, but also surpassed with strong volume. We might see a retracement to 10.6k testing the line which prior acted as resistance line and from there on we could go to 12k with the euphoria the market reflects right now. It looks like the bitcoin dominance should increase for the short-term. I will bring an update on this...

UnknownUnicorn3707027 Updated 

We see strong bullish momentum, break-out through the upside is confirmed and a prior resistance at 9470 has become a short-term support. From such a long accumulation phase at the 9k - 10k level we should see more green magic to come. I am expecting further moves to the upside while 10.3k seems to be a probable target. MACD, RSI and increasing volume are...