Good morning everyone,
I do get asked alot if I am bullish or bearish at the moment, and if this might be the last chance to buy Bitcoin this "cheap". The answer is very simple. I don´t know. If you are bullish long-term and you don´t want to buy at 25k or 50k, than I´d say this is considered cheap for sure.
If you want to chase a low, this might be far too...
Good morning guys,
sorry if I am a little quiet at the moment, still struggling a bit here.
Anyhow, I am aware a lot of traders already called the bottom and classified bitcoin´s recovery as break-out. I´d be very careful with this, due to the fact we are just in front of the very important Monthly Pivot, that usually has the ability to turn the picture very...
Bitcoin has made all its way down in only two days and now hitting the formerly mentioned potential bullish triangle support. This is a very hard approach that needs to be smoothed by a green candle tomorrow otherwise, the next support target is around $9500, where it would be immensely important not to fall through to keep the bullish trend alive. The monthly...
Looking at the Daily interval of Bitcoin, we find now the formerly mentioned triangle-support just below us and in reach. Yesterday´s supports did not hold, so obviously it becomes more likely we at least can go to down to that yellow diagonal, where it crosses a secondary trendline. If we are hitting that, we need to wait for potential reversal signs. The "PB" -...
Litecoin seems to have accepted these two supports, breakdown-level and diagonal Trendline 1 coming . Even if we are overcoming this 3D-Trendline 2, the big hurdle to take for a bullish turn remains the magic mark of $100. I personally would not play games here with Bitcoin´s rising dominance. Even if there are bullish signs here, the volume remains decreasing,...
Anything red or yellowish is sort of starting to worry me. Also talking to a lot of people recently, I start to think the bearish approaches might have some good reason to do so. Some important levels down here, that BTC should stay away from. Let´s not break the P-Q downwards! Sideways would be enough (for most of us). ;-)
Happy trading guys and stay safe....
Good morning guys,
the two recent setups with NeruSuite have been playing out nicely on the matching Pivots, both being cut off at the SMA100. Since then we could not validate the inverted Head and Shoulders and got now stuck in between Weekly and Monthly Pivot. I am going to remind you, that it happened also when we were experiencing the sideways between $7.6k...
Ethereum looks more or less still quite steady, and as long as the Leadline doesn´t get broken, I am not concerned. The way to Ethereum´s Yearly Pivot ($543) is still very long, but it´s not out of reach once ETH starts to pick up volume and breaks the local high´s level around $340, at the moment there are still good ways to set proper stops for long-term...
Educational Tipp:
If you are in an area like we are currently, around the Monthly Pivot, within or near a bigger accumulation zone, near a neckline of a w-top, in a short-term downtrend (for H1), where some reversal potential could turn up out of nowhere, DO NOT FORCE TRADE-SETUPS. A day without trading and no setups to find can be a good day too! Go out and have...
