Expecting to see something like this over the next few days, as we continue to see bearish retests of former support now flipped to resistance. Shorts can be dangerous here, I'm focusing on catching longs on the levels on the way down. If I'm going to short at these levels, I want to catch the top wick or nothing.
Some nice bullish movement on BTC this morning, looking to catch a wick to $3563 or $3630 for a short at some point, but may have to settle for the $3492 equal highs we see here and previously. Watching how the next few hours go before I change anything. Also looking for short term long entries at $3282(again) or $3250 if demand shows up again, could be for a...
Some Bullish activity this morning, but in my opinion it's got an expiration incoming. That being said, catching a top or bottom wick on the ETHUSD pair would be even better than doing so on BTC. The extra factors of it's lower price as well as it's pairing with BTC makes the swings(and gains) that much bigger. Would love to see some of these higher levels get tapped.
Looking at ETHUSD and if BTC plays out how I think it will, ETH will probably do something similar, with a wider swing. Looking for a bottom at $66 range, after some bamboozlement to trap liquidity of course, because: THIS IS CRYPTO
Looking back to the climb up last year at our possible next range if things continue downward, which seems pretty likely at this point. If $3k can't hold, these levels down to $1810 are what should be on your radar.
We are retesting this hourly block from last week IMO, the spike last night was nice, but I'm pretty far from bullish at the moment. Watching how the retests of these highs goes. I would not be at all surprised to see another stop run up to $3920 and then a rapid dump for new lows. The red line at $3550 is the make or break level if we get down there. Anything...
We are currently in this current range of $3550-$4498, with more downside on the horizon looking increasingly likely. We have yet to see a violent reaction that would indicate a bottom or reversal, so looking back to lat Aug-Oct may shed some light as to where we may find that. $3k seems all but certain at this point, but as each support broken becomes...
XBT is really F****** up everyone's emotions, yet it tests perfectly the ceiling and resistance, we should soon see an outbreak.
Liquidations are happening on nearly every move, after trading for months, maybe folks forgot just how drastic the swings can be with Bitcoin, here's how I could see price toying with the majority of traders for a while, though I hope it wont take so long to see a bottom+recovery, BTC loves to play with emotional traders.
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I don't believe that we have reached bottom yet, yesterday morning had a promising , I expect liquidity grabs up to $4800ish or down to $4300 before another leg down, hopefully both for a couple nice scalps . Stay safe out there folks.
We've seen more and more downward movement, with shorter and shorter rallies between corrections. Lots of untapped liquidity at $4500, so it seems like the next logical stop down.
Could see a possible bulltrap if we sweep local highs right before another dive down. $5k, $4k, $3k all seem like very real possibilities at this point for a bottom. $5400 being defended by bulls for the past 24 hours gives me hope that we are at least close to bottom, and of course we could just hold this range and get upward expansion, but I don't rule out if...
ETHUSD looking pretty similar to BTC on the 4 hr chart, possibly more downside, but a lot of these larger cap alts with USD pairings have faired pretty well on BTC pairings after the initial dive down. When BTC would spike down yesterday, ETHBTC, XLMBTC, and others held strong, while XRPBTC and LTCBTC actually had some substantial gains. A market that is less...
A $5k bottom would be somewhat poetic, as breaching the $5k line on the way up was a big hurdle before last year's bullrun. These lower wicks are evidence of some pretty strong buy support at these levels, but not quite enough to turn things around yet . I could be wrong, and things just consolidate here before they pop off, so I'm not looking for shorts unless...
So $6200 came, $6k, down to $5200. Can $5k find the buy support we need? Please sir
First Post. Here is my 2satoshi on current confusing situation in crypto market this week.. Currently broke down and target 0.5 fibo and return to trend line.. quite simple to understand. Hope this helps you to make decisions.. Happy Trading!
ETHUSD is sluggish and flailing at this point. I could see this pattern continue with gradual steps down until there is a bottom, could be $192, or just keep going until we revisit lower lows, $166.35 is not out of the realm of possibility, but BTC would have to plunge down to sub $6k probably for that to happen.