26 Nov Sat There is no strength in the market. Could be due to long weekend for US traders. We haven't broken MS structure to the downside below 16300, which is a positive sign. Currently price stays in area of high concentration of volume. That means we need a lot of conviction to break above it. Another wick down before rally is reasonable. Since there is...
26 Nov Sat Low volume on last two trading days would suggest that it's a retest of the move up, but it also might have just happened for the reason of US holidays and long weekend. On Thursday we have seen price wicked above nearest supply zone, which is good, but there wasn't enough strength to close above it. Having in mind SP bullish prediction for this week...
26 Nov Sat Nearing week end for crypto. This week we have seen struggle around 16k level. Recent events around FTX sent crypto space down despite SP500 being bullish. IF tendency of SP continues to be bullish we still might see quick run up to the previous range above 18k. Right now this is first barrier for the move up and a place where the bounce down will occur...
22 Nov Tue Breaking past local resistance is sign of bulls strength. Compression on the left and no much excess means we have more or less clean way to top of the range. 24 Nov Thu Yesterday price went straight up, there was reaction at the top of the range but very minor, indicating bulls strength. Positive FED minutes about decreasing rate hikes contributed...
19 Nov Sat PA this week on SP was pretty much as expected. Bounce of 3900 within one day indicates market is ready to go higher up. Yesterday SFP candle with most of volume belo the range and close in the range looks good. Potential open on Monday: - above the local range - bullish scenario. - below - another bounce of 3900 - less likely - still positive -...
7 Nov Mon As expected there was a rejection of the 3900 level. Price went down and bounced off first demand zone creating a long wick on the downside. This suggest bullish potential for the week and cllustering near or a break above 3900. 14 Nov Mon CPI sent the price up. Currently at the sloped resistance. We haven't broken bearish cycle yet, but the situation...
BTC short term marked by blue line Incresed volume on downtrend creating stopping volume and long wicks on the down side indicate buyers support. Possibly start of buyers climax Within 2 weeks we should see price going back to 56k level, thanks to big volume gap between levels of 50k and 56k. Fear and greed index at 21 indicating extreme fear, which is usually...
Still in consolidation. Ranging market. If there is move up about to happen ETH need first to go down to clear out stop losses of traders betting long. 1h volume analysis shows small consolidation zone between 4490 and current POC at 4590. 30m local anomaly on red candle forming hammer on high volume could indicate reversal. Position long with entry at 4490 for...
Currently price is at low end of the ranging market for the past few months. There is some volume showing espcially close to monthly strong white support line and candles forming long wicks below indicating buyers demand. Take profit set at monthly strong levels at 0.265 and 0.33. Stop loss below weekly strong yellow support at 0.174
Anal 12/2 Weekly volume analysis shows declining interest in this coin by traders. Price finds support at 0.95 for the 3rd time since June. Most of the time when volume shows up it's when price is falling down. 6-4h Price lost strength upon reaching $1 level 1h - higher volume in last 5 candles indicating potential move up 30m - bullish divergence on MACD and...
Anal 12/2 Daily still in the local uptrend supported by slanted orange line. 12-6h rejection of local resistance established within last 2 weeks. Also formed ascending triangle. 4h last drop supported by 55EMA. Indicators downtrending. 1h last drop supported by 200EMA. Between resistance of 55EMA. Set alert at 611 for the DB to form.
Anal 12/2 Last 3 weeks shows heavy downtrend, volume is small, but weekly - yellow, and monthly - white, supports have been broken with ease. Price found support at 35.8 level. Above that, there is no much support in POC also. On daily after clear double top around 8 Nov, there is continuous downtrend level by level. Touching the bottom on 28 Nov with long wick...
After rally, price stopped at daily strong resistance forming double top. Visible on 1h RSI, Later 1h MACD crosses from above. Entry 647, SL 652, conservative TP 633 - 2%
Accumulation phase in white box between 55500 and 59750. Price is trying to break out orange slopped trendline and 58k white level. On 2h the current move up is supported by volume in the previous 3 higher volume bars. 1h strong support by 200EMA, breakout above 58k level supported by volume and going toward top of the accumulation zone at around 60k. at 9:30am...
Daily: last 3 corrections touched 55EMA 26th Nov red engulfing candle on high volume followed by 3 green with comparatively smally body and volume below average, indicating healthy fall and recovery 12h: local uptrend - orange slanted line and ascending triangle 6h: price consolidating; last major fall on 18th supported by 200EMA 4h: price doesn't fall below...
Weekly: No real downtrend on weekly chart. Red candle 2 weeks prior was just a correction. Daily: breakout of the "accumulation zone" on strong volume. 12h: breakout at 4460 supported by volume and rejection with long wick at 4620 level 6h: forming anomaly with high volume and long wick - 1h to close 4h: anomaly - high volume small body, indicating reversal...
Weekly candle shows stopping volume, with long wick indicating move up. Daily candles: after flash crash on 26th found support at 53750 and steadily move up with supporting volume - below average, but rising 27-30 Nov RSI shows support with 3 bottoms on 19, 23, 27th MACD about to cross on 1 Dec POC around 61500 showing gap between price and accumulated...
Quick short position on ETH. Analysis in comment boxes.