Here is my thought on Bitcoin. The stock market is in trouble, and some Bitcoin haters may come and join the 2023 rally to support the PA. Everything is a trap as there is still time for a market correction. So play safe!
Market is testing our patience and trying to shakeout weak hands. Those of you who are still hodlers, don`t give your hard earned money to exchanges, stay positive you will be rewarded generously. In this chart we explained a possible scenario where we can rebuy $BTC on discounted price. Happy trading everyone :).
$BNB finally broke out after a long bearish channel. Happy trading everyone.
Again let's keep it simple folks; if $BTC holds above $52k we will bounce to $60k no questions ask. I always stay neutral as it's a crypto market but having the look at the market one thing is sure bears are showing weakness here. So, I am more biased to the bullish scenario than my previous bearish scenario. Happy trading & stay blessed!
Lets keep it simple folks; if $BTC close below $50k, we are going temporarily to around $42k no questions ask and then next leg up. I am not done yet, please read the bullish scenario so you have better understanding of overall market. Happy trading & stay bless!
Unlike $BTC, $ETH is showing resilience and strong buybacks so far. We should be asking why are we bullish on Ethereum? The simple answer will be don`t listen to the noises, follow charts. As long as $ETH respecting the ascending channel, we are good for now!
Definition: When price is making a higher low (HL), but the oscillator is showing a lower low (LL). This can be seen when the pair is in an UPTREND. Here the main indicator that I used for this specific chart is stochastic RSI. Other oscillators such as CCI , RSI , Volume oscillator, MACD etc can be helpful too. In short best thing about using divergences is that...
On 4HR time frame if ADA moves from bearish divergence to bullish (green arrow), we are going to consider it for buying. At this point patience is all we got. Happy trading and have a bless day!