WolfOnSwing

WolfOnSwing

I love this chart and I entered a long trade on futures. After a sharp decline of the price we are retesting a huge weekly demand zone, we saw the volume really spike up on this area. If Ethereum continues its run which I believe so, I think Rune could really perform well. It is a swing trade so I am going to keep this position open for a few months and see how it...

WolfOnSwing Updated 

Bitcoin price has been consolidating 4 months now, it is already touching oversold territory and we have fallen under the 200EMA We have seen this scenario before where we fall under the 200EMA and we have seen a price reversal afterwards. I think this could be a beartrap where short sellers will enter their positions a bit too late when they should be taking...

WolfOnSwing

Bitcoin broke the trend under the 20 day and 50 day moving averages, we have retested the same moving averages and the price found a bit of resistance this time. My first scenario if we break down the support at 60K is continuation to the downside between 50-52K range however we could see liquidity hunt under 60K support and continuation to the upside.

WolfOnSwing Updated 

Of course not! Bitcoin looks like it wants to take a break, maybe re visit the 20/50 day moving averages the 0.5/0.618 Fibonacci level. I think this would be a healthy move for continuation to the upside and a good buying opportunity, specially to look for some good set ups in altcoins. What are your thoughts? Comment below👇🏼

WolfOnSwing

Hello traders! I know I have been away for quite sometime, I am planning to keep posting on my free time as I still love the markets! and I could not just leave it behind. The dollar has been trending upwards and we can see the price breaking down the support area taking the stops of buyers and making a strong move afterwards. The price is retesting the demand...

WolfOnSwing

Today 614 million dollars have been liquidated, bulls lost that amount of money in their long positions. After such liquidation I would not be surprised if we get a local bounce specially if we close above the support leaving that wick underneath, sweeping for liquidity. We can see how the volume increased in the drop, confirming those liquidations. Price formed a...

WolfOnSwing

The price of Binance Coin had a nice rally and now the RSI is on overbought area, price has reached a strong resistance area in where sellers were interested in previous occasions. The volume has increased and we can see nice wicks on top of the candles I think this is a premium area for selling opportunities. Comment below your thoughts and questions! Give us a...

WolfOnSwing

Dow Jones rose 15% outperforming the rest of the indexes, price is reaching a key pivotal area, price could still spike over the trendline however is a good area to pick up a short position. The technical analysis of SP500 chart has still room for growth towards higher resistance areas however the Fed interest decision is tomorrow and this could trigger a sell...

WolfOnSwing

Dogecoin is hyped and FOMO will kick in. We have seen the price rising around 140% from the major support and we are now very close to the major resistance area where sellers have stepped in before. As an example look at the previous times we tested this same resistance spiking over those levels and volume increasing. Ideally I would like to see something similar...

WolfOnSwing

Ethereum price rose 40% from the support, we are approaching a key pivotal area, strong resistance area. If price spikes above the resistance and shows rejection could mean liquidity has been collected and drop could happen. Remember we are still in a bear market and we have big news events coming up in the coming weeks. I will open a short position if we approach...

WolfOnSwing Updated 

📰With CPI (Consumer Price Index) numbers coming out tomorrow and PPI (Producer Price Index) rising 0.4% in September we could be preparing the next big move of Bitcoin. The release of this numbers could be the catalyst. 📊Lets look at the chart: • Descending triangle, a bearish chart pattern. • Price holding above $18,000 support area. • 2 targets to the upside...

WolfOnSwing Updated 

Cardano is on top of a major support and the price has formed a very neat falling wedge. Price did a false breakdown of the support and came back on top of it, good sign that institutional investors kicked out retail from the game to push the price. We need Bitcoin to hold the support for this trading plan to work out. 💬Comment below your thoughts and questions!...

WolfOnSwing Updated 

After CPI numbers came out we saw the price faking out the bears, we saw an spike under the support and volume increased sharply giving us confirmation of a possible bear trap in play. We have broken a local descending channel and we are now approaching the descending trendline. If we manage to break above, I have two possible targets $20,500 resistance area and ...

WolfOnSwing Updated 

Chilliz has been on a nice uptrend recently, all good things must come to an end. The price has broken the daily ascending trendline and price looks like is going to retest the resistance, hunt some liquidity and drop to previous support. I will look for a short entry if price goes according to my strategy. Comment below your thoughts and questions! Give us a...

WolfOnSwing

Bitcoin has broken the trendline and it now looks like price wants to retest. I can see a volume clusters which is exactly located between the 0.5 and 0.618 Fibonacci levels from the last bullish impulse. If we find support my view is that price can remain bullish and look for higher resistance areas. We need some kind of consolidation or bullish continuation to...

WolfOnSwing

One thing I like of Bitcoin/s chart at the moment is that it has been ranging for a few months already price did not have a huge sell off either a good pump seems like this area is a strong support where bulls are interested. We can confirm that by looking at the heatmap we have several clusters holding the price. The second thing I like is the global trendline...

WolfOnSwing Updated 

We can see that Ethereum price has created a range, we are currently in the lower part of the range, a local support. Price has collected liquidity and we can see in the heat map a couple of clusters of volume that have been manipulated. I think it is possible for the price to breakout the trendline and look for higher resistance levels. Comment below your...

WolfOnSwing Updated 

Bitcoin is currently ranging on top of a support, we can see the price trying to breakout the trendline. We are in a demand area it is possible that price breaks out and look for higher resistance levels. Be careful with bull traps as it is an scenario that could play out as well. Be prepared for both outcomes, I would wait for breakout and retest finding support...