XLM broke out of it's multi year accumilation range, right now re-testing that range as support. I'd say this is a nobrainer place to invest longer term. The charts look good for more upside. No need to instantly fomo, this bottom probably has to develop and can take a month or two before it starts taking off. So scaling in over time near the lower ends around...
Sunday Market Analysis. BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more sideways consolidation. We will be looking for shorts in AltCoins if we see price rise in the range of 44-46k as indicated in the green orderblock in the chart. BTC.d. Seems like price broke out of the downward trend, indicating the...
Review previous conclusion: Last week we said that the market looked bullish. Well we were wrong. We got kicked out of our long on Bitcoin. Our alts did better and we made some profit there but eventually we got shaken out. The market is looking bearish. It looks like our bearish take is playing out. BTCUSDT: Our first impression is a bearish one, observing...
TrendTracers Sunday Analysis Last week recap: Looking back at last weeks conclusion, it seems the market behaved in our favour, we opened 6 longs in altcoins of which 5 were profitable. It seems that this week we might be seeing the big player bitcoin make some moves. A buy signal fired in our system so we might be looking to take a position here. BTC and...
Our weekly market analysis: BTCUSDT: The first red monthly candle in six months! At the weekly we seem to retest our order block at the current highs, it’s still looking more bearish but the buyback is strong with the engulfing candle, so the best thing is to wait for a weekly signal on bitcoin . Waddah Attar is resetting and our Dominance Indicator is firing a...
Finally we moved. I called for 5k, took a while now we finally get it. Does that mean crypto is doomed? It doesn't have to be. This is not a trade to catch the low, but to prepare for what might come and not get suprised by sudden movement. This market wants you to long when we trend up just before falling but also wants you to short when everything looks like...
It's been a while. The way we broke down from the highs at 8500 was odd and unexpected. This bounce was expected however, unfortunately this is just a correction before we hit new yearly lows into the 5k region. This could be a good oppertunity to short again. ETF is tomorrow, when that gets rejected/delayed or whatever this will tank again to the "all hope is...
The low is set. Potential bigger inverse H&S forming. If you can manage to get in around 7.5k-6.8k after testing 9k-10k you can catch a very nice swing. The targets I put are just levels of what's to come.
Resistance is heavy, we already did a push. Very good chance we will break down from here. I expect a final push up to 7800-7850. Before heading down to 6.8k-7k range where I think heavy buying will occur. This gives us a good oppertunity to short with a tight stop loss. Taking some profit at 7k is adviced. Going long at 6.8k is part of the plan aswell, but we'll...
One of a few ideas I have. One last push to 6850 is also still possible. I'm not a TA expert, never follow someone blindly.