ADABTC has once again managed to pierce every resistance on it's way up. After getting over the EQ of the Bearish Orderblock a retest of the level will lead to our next pivotal point at 2130 for another 15% gain. Unless bitcoin suddenly pumps or dumps fast this altcoin will once again provide amazing profits.
This is a short term projection of Bitcoin. Momentum has slowed down already after the pump. Movement inside the range will give room for alts to breath while taking out the highs and then the lows will create the neccessary liquidity for an extended move to the upside.
On the Daily chart we can see a more clear picture of the current phase of BTC. Price looks overly bullish and unless we get a violent reaction down I cannot see any reason why price can't continue going higher. Optimal entry here would be price to range a bit giving time for alts to catch up then a quick wick down to 4410 to take out stops and lead to higher...
On the Weekly timeframe we can see that price has climbed above the Weekly block which has now turned into a very strong support. Price will look to hunt the VPVR Gap which is also in confluence with the 61.8% retracement. The bias here is bullish since there is no resistance to the upside and price can travel fast and violently there. Optimal longs would be at...
Keep in mind that when taking a look at the Monthly price is still holding bellow resistance. Not the best place to short but as long as we stay bellow we are not into a bullish phase.
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.
Ethereum cleared stops on the upper side and is currently rejecting the bearish breaker for a second time. A lot of buying liquidity just bellow the trendline that has to be cleared.
Simple example of Range Trading. As soon as price breaks above and takes out the previous swing high, long the retest of the range with a stop just near the EQ.
ZRX gained the support and I would be looking to long any retest in this area targeting the 8900 area
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. Feel free to message us on Telegram!...
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....