Bitcoin chart structure still produce LH and LL on each swing which indicates the downtrend is still valid. New lower high is at 49500 - until BTC grow above it there is no reversal confirmation. In addition we want next swing Low to bounce above 45673 to keep chances for sooner reversal.
Told you - when people far from trading start to share news about Bitcoin its a 100% signal it will go down 😂 Because rule #1 is SELL the NEWS. Now BTC is under 48k resistance and near lower trendline and we all know that trendlines are not SR. Never rely on trendlines as support/resistance even though they often pretend to be it. They are trendlines. And...
What a volatile day it was yesterday 🔥 Once again I'm glad to repeat that this move confirmed the reversal from correction. It doesn't yet mean that BTC will fly to 100k straight away (nothing grows without corrections), but that certainly means that we may expect to see that "dead cat bounce" to 47-50k we've been waiting for several months. Before that BTC can...
Keep an eye on GRT. Breaking 0.59 resistance. Next will be 0.68-0.70. Entering on breakout and on re-test of 0.59-0.60 after it reach next SR level.
Worth keeping a buy order around 700-725 as this may be the last bounce before real breakout.
Grayscale have added ADA to its portfolio. Will be adding to mine on pullback as well. Will be accumulating ADA at 1.3-1.33$ / 3950-3850. At spot it has inverted head and shoulders pattern which is very bullish. Target 1.5-1.55 / 4400-4500. Note inverted head and shoulders at spot chart. Very promising.
XRP daily got a beautiful upper trendline with 4 touches - pretty serious and make it same good as horizontal zones. In case of breakout it will cause a strong bullish impulse. Support at 5400-5700 also very strong - moderate chances for bounce since it will be only second test and guaranteed strong bearish impulse in case of break down that should take price...
BZRX storming nearest resistance. At both BTC and USDT charts it is the middle of consolidation channel. In case of breakout will grow to the top and with nice potential for breakout as it will be 3rd attempt. vs BTC: My entries 780-810 My scalp targets 880 / 900 / 940 My bullish targets 1000/ 1100 / 1200 Stop on 4H close below 739 vs USDT: My entries ...
ZIL at 360 resistance and look bullish to get above it today. Buying some here and leaving average cost order at 315 in case of rejection and dump. That will allow to reduce position size or exit it fully at 335 SR. Day chart for zoom out view (mainly because of day chart I assume drop to 300-315 is possible)
Big bullish volume in CRV. Good to enter between ~4850 and 4650. Av. cost at 4200. Targeting 5500 / 6000. ‼️ Market is in extreme risk stage. Take trades with caution and readiness for high volatility.
POWR doesn't have a trend, but it has something better - tradition to pump high from time to time 😎 Powerful pumps is what we need in this boring market =) Support at 700 should be a nice spot for entry (if it get there of cause). And 825 is the nearest target. Might wick higher.
XTZ look good for final breakout that should take price to 1200-1300 resistance zone. I'm loading some at spot and Futures with tight stop. If fail to grow and get dumped strongest support for a bounce is at ~840.
Currently Ethereum price is near 0.5 Fibonacci level. Although it has been tested multiple times it still remains a good spot for a bounce. Nearest resistance for re-test is ~2700-2730. Since crypto loves to shock and liquidate shorters, I won't be surprised if it pump higher to 3200-3300. That will be enough to liquidate 5x isolated leveraged traders who shorted...
"Gas" tokens are pumping today. ONG showing the best performance. Probably will come back to 2100 / 1800 where it will be the best buy. Pay attention to ONT as well. TFUEL can be picked at 660 / 620. Pay attention to THETA as well. GAS at 2600 / 2300. Pay attention to NEO as well.
If it wasn't BTC so close to the dump I'd go all in SOL at this level so near to breakout. And that is daily timeframe so it look very explosive. Potential breakout targets measured by fibonacci extension could be 69 / 80 / 95. And if BTC won't dump (which is less likely) it can grow higher. Possible bullish entry on rejection at 50$
AVAX has broken the trendline and after retest made it above ~80000-80500 resistance. Next resistance at ~93300 and after that we may target even 120000. Very good bullish chart. Worth holding for higher targets.
Alice look promising for breakout above 30500 resistance. This will make higher target 40000-420000 realistic