Personally going in a little short here, if it confirms as support then I'd change my mind.
Bit of a late idea, as I had to make the trade quickly then deal with other stuff. I saw the price getting beat down around the 25K green box, entered a bit of a short and then saw the green line turn from support to resistance where I added a bit more to my entry. Seems to be going well so far. Not much to this idea but some price action and thought I'd note...
DYDX/USDT seems to be in a symmetrical triangle. Despite the dip in BTC last night, DYDX didn't seem to actually get hurt too bad in the bigger picture. It created a new low on the daily compared to the previous but it is still within this triangle. I'm somewhat neutral on this but if BTC continues down, I'd probably be looking for confirmation to short...
BAT has been in a channel for ~45 days with a few attempts to break out to the upside but were pushed down by sellers. On the 12H we can see it broke down out of the channel, retested and had a bearish candle after retesting. I'm going to be opening a short with a TP at the golden fib line.
Anchor seems to have found some supprt with a double bottom on the daily. Looking at $2.08-$3 as next resistance and $4 as the resistance after that. The volume is also picking up.
Today we're looking at one of my favourite tokens and one I've used for a long time (yes a crypto with a working use case!). The Basic Attention Token (BAT) Weekly Analysis We are in a long term downtrend still, however since the crash in March, BAT has started this upward channel which is great news. As more and more users of the Brave Browser are starting...
There was a dump and we eventually retraced to 0.618. Fib extension shows us bouncing on 0.382. My target for near future is 7.6K, will show below why. This trade im TP at 0.618 8.1K
As you all should know, the halving is coming in approximately a week. What does this mean for bitcoin? Well there will probably be a sell off of bitcoin from miners as to cover the loss of rewards from blocks. Bitcoin has been following this ascending channel since the crash, potentially dipping through the halving and hitting the 0.382 or bounce off the...
Currently we are in an ascending triangle with a bullish Elliot Wave and BAT has been performing well since the crash, going from 0.13 to hitting highs of 0.18 over the past couple of days, breaking our previous resistance of 0.1659. Another thing I've noticed is BAT and other alts have not been dropping when bitcoin does over the past few days. We are above the...