I believe Bitcoin is at a critical point right now.
Its at the year long support once more, it broke down this support in June but bounced back up at 29k low. Very nerve wrecking times but we need to be calm, patient and analytic.
If it breaks down this support, expect around 33k. (I dont expect this.)
However, there is also a bullish falling wedge formation...
Currently on a sideway trend support which started since May 2021.
I see two likely scenarios;
1- Going further down to the green support line which is almost a 3 year support. There seems to be a good crossing point of three different supports which I tagged with a price label. It could touch there one last time before starting its new run.
2- Bounce up from...
Perfect falling wedge scenario.
Breakout confirmed on a close over resistance and previous resistance acting as support now.
Remember always do your own research before making any investment decisions.
It seems like this is the 4th time LISK has bounced from the same support level and currently its just sitting above it.
FINMA just issued crypto investment management license to a firm in Switzerland to act just as the traditional firms.
So institutional money may start coming soon into cryptocurrencies such as BTC and if BTC manages to gather more investment...
All news come at a time of resistance and support. It is very strange to experience this.
I believe there is massive manipulation happening all over the exchanges.
I see fake volumes being created by bots.
If you follow Binance you may see in many high volume coins there are 1-2 satoshi buys and sells. As traders we are not able to do trades worth less than...
XLM seems to be in a huge symetrical triangle.
Stop loss can be put just below the green line that is pointed out in the chart.
Major resistance levels are shown with red lines, after passing the second resistance, XLM can reach up to 10k satoshis. That is about %300 profit opportunity.
I wonder if its a coincidence that XLM was recently given a Halal...
Bollinger is getting tighter, very close to break out, I am a permabull but this chart is bullish to me.
2.217 is a critical resistance hope it breaks that area soon.
Pennant is still active.
Keeping a close eye on volume!
Happy trading everyone! Be safe =)
I will buy at confirmation after around $2.453.
If you wanna have more profit you can buy now but its risky and stop loss is definetely needed!
If everything goes by the rules the Target is shown on the chart...
DYOR, safe trading =)
NEO is trying to get back into its down trend channel, if you got some NEO around 14 dollars thats very brave and profitable but i believe there is still a lot of profit to be taken from this coin.
Looking very bullish on the hourly, as the MA50 crossed both EMA 144 and MA 200.
On the daily, MA 50 shows around 28-29 dollars so I believe its soon to touch back to...
As mentioned before, it is quiet tough days for BTC.
Continued to fall along with S&P 500
Some serious global financial break down is happening.
Will it continue to fall forever?
Can it salvage something from here?
Only time will tell...
(ps. if it breaks the current support, it should continue to fall further)
A different view of how things are looking for Komodo.
Seems to be in the buy zone. As I mentioned, I have been holding this coin for a long time, and still think it is undervalued.
I don't see this as a get rich quick coin, but more of an investment.
This chart is purely for my own practise.