Hello everyone, so we broke our downtrend channel that had contained price for the past 2 months. Now price seems to be contained in the new ascending channel that we have been watching. Depending on whether this is a correction or an impulse, the target for a correction would be 7k and for the impulse it would be roughly 7400. Both targets are mapped out on the...
$BNB is retracing a bit, considering coin burn on July 31st here are some areas that I will be paying attention when looking for bounce.
Unfortunately I forgot to publish this yesterday, but here are some areas that I am looking at now, I would like to see some nice volume in those green boxes to get in some longs. Remember on overall we are still in a downtrend, so when taking longs we should be careful.
Possible Long opportunity on XRP/USD pair around the .236 of the fib extension. Happy Trading! Mattertea
Very nice move up from BTC, tragically it managed to stop right at the top of our descending channel from 9900 and until we break above I will remain bearish on the corn. Our first target for this move will be 6200, at 6200 there is a potential to resume the move higher but im not optimistic about it happening. Instead once we reach 6200 we may consolidate or...
another bart? again again again. follow the market structere. targ 6100-6050. -gz cryptoSeppe
This short could play out if btc fails to hold 6100.
BTC Bullish scenario - Zenma and Shoulders Head and shoulders could play out if 6100 (left shoulder) holds
Trend Based Fib for 3.88 r/r short
Crypto market seems to be in a downtrend in general. Here are few areas that would be interesting for me to buy if ETH keeps getting lower lows. I would like to see some good volume in those areas to actually buy.
The overall move in BTC has been down for over a month, in the most recent move up there is an inkling of support that is forming. The two channels map out our support along with the bottom yellow trend line, the resistance closest to us now is the upper yellow line. Look for the break of the upper support line to bolster our current support and Look for the...
shorted in this area, first PT would be 5920, with eyeing on 5.5 - 5.2 if that breaks, going to stop out at 6377 weak bounce volume + lower lows, seems doomish to me, if we reach 5920 i'm going to put my stop to breakeven. GL
Strat has many interesting news for June 30th, if they launch everything successfully I would expect strat to bounce from this area. Still keep in mind general state of BTC.
Green boxes are buying areas that I would be paying attention to, while red ones are where I would be looking for short if volume and price action matches my thinking. Am not really confident that we will reach lowest green box, but it's something that I always like to keep in my mind, so I wouldn't get into big positions. We in general are still in a downtrend...
Like the title says our dear old corn was unable to maintain its strength. Momentum began to fade and support was lost, expecting a continuation down lower in the coming week -Gemini
If BTC Can break the 0.5 fib projection it will trigger a possible move up to the 1.0 fib Flip to short down to 5200
new day new bart? not shorting it but placing long orders there. trade safe and GL - CryptoSeppe
Taking a trend line from the 2012/13 lows anchored to the 2015 lows we see that BTC is close to testing this trend line again from the top, even if it holds or breaks it seems very significant