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Bitcoin broke out of the 4100 area that had been acting as a resistance for 5 times. The range of the move had this length because of cascading liquidations. Since the move was very strong I expect Bitcoin to turn bullish at this point. If it manages to hold the Daily block that is marked on the chart it should be able to reach the 6k area again.
On the other...
Trading while price is ranging is always one of the most frustrating things for a trader. However a correct identification of a range can help in finding a high quality setup in the future.
How to identify a range:
a. Price tends to slow down and visits previous swing highs and lows in a relatively small space. Those highs and lows create a support and a...
ETHBTC seems very weak right now after breaking the trendline. Looking at 2 levels to open some short positions on Bitmex while targeting liquidity bellow those lows. ETH is the first major alt to show weakness during the last weeks. This may lead to the whole market collapsing.
NASDAQ Analysis. Liquidity on the upside has to be taken out before a hard dump in the market. Do not wait for news, rather wait for financial institutions to provide you the right signals so that you can analyze their moves and move with them rather than acting than a retail trader.
Litecoin has been over the last weeks the weakest performer of the major altcoins. The coin that led the bull cycle actually underperformed at later stages. I have no reason to believe that Litecoin will pump. During the latest ephoria phase Litecoin has not moved much and it seems like it's currently under distribution. This is the alt that you want to short as...
Bitcoin is constantly losing momentum on the way up. Maximum pain would occur if we clear those stops to the upside thus taking out the sellers and then break bellow 4040 level so that buyers are trapped. This will eventually lead to cascading liquidations that would help push the price further down to 3600 level since there has not been any major retrace during...
As we outlined in our previous analysis for BINANCE:ZILBTC
This coin has been heavily accumulated by whales during past few weeks.
Hence we have been TOO!
Now as per our analysis we may see a nice run up for ZIL up to recent highs of 620 sats.
CALL is shared in our Premium group with entries and targets.
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Cardano has been in a parabolic run for the last weeks. Technically for it to drop coins have to be distributed first. Distribution is probably going to happen after it rejects the high that is a bit above or at the Daily supply zone. This is where you should be looking to sell the last ADA that you have and squeeze some more profit and look to build a short...
TRX accumulating right on top of our buy zone. Since altcoin marketcap is showing that money is flowing into altcoins and TRX is delaying it's rally it will probably be the next to pump in the following days. Bitcoin is showing signs of bullishness so this is one of the best risk to reward altcoins positions right now.
Bitcoin broke the diagonal support that was holding price for the last weeks. ALthough not a fan of trendlines and diagonals this shows a shift in the momentum of the market. In addition high volume on the 2 black days add an extra factor of confluence to the bearish bias. A retest and rejection of the lost support will lead to a continuation of the move down....
Bitcoin is currently forming an ascending wedge right on top of a Daily resistance. This is a common distribution pattern and it appears in context with a Weekly bearish bias. If BTC breaks both supports that stand bellow 3900 and 3800 levels we are going to see price reaching as low as 3500 which is the next untested support on the chart.
TRX into our buy zone and holding very good above the EQ of the Demand Zone. Bullish Divergence on the oscillator and sweep of the lows are also two factors of confluence for this bullish bias. As soon as TRX climbs above the Demand Zone we will look for longs.
Litecoin after a huge move up has finally reached a strong weekly resistance. I am expecting it to retrace the following weeks down to 12800 satoshis. We can also see that volume is showing signs of exhaustion on this uptrend. Bias is shifting bearish. A bearish engulfing candle on the Daily would lead me to search for short setups.
Bitcoin has broken above Daily resistance. This level has been now turned into support. This may result in another leg up if we are able to take out 4025 and close above. As long as we remain bellow a break bellow the support would indicate a fairly safe short position. General bias is bearish. Reaction on the support was not strong enough to invalidate this.