About meBitcoin investor for 5 years. In school for cyber security. Experience in coding and software automation.
Bitmex Trading Bot:
MATIC has broken out of its long time resistance in the last week candle.
Currently it looks to hold its new support ( old resistance).
If this weekly trend support does hold, we can expect to see this 🚀!
Link has broke its previous resistances and has comfortably consolidated above its 20$ support area.
Looks to be creating a falling wedge. We can expect heavy demand to be filled out in the support cluster area.
Support cluster - $18.50 - $20
TP area would be at our FIB extensions.
Closure below 18.50 would lead us to further down trend.
BTC looking to make a lower high.
There is still very low volume .
If BTC can not close above wedge resistance & horizontal resistance at around 38,200 - 39,500.
We are still at risk of testing 30k major support.
FTT is currently over local horizontal resistance.
The daily is also above the 2.618 fib BB.
If we can close the daily candle at this level or above, we can map out 20%.
Closing above 3200 satoshis will lead us to test 4000 satoshi resistance area .
TRB is seen here getting rejected from current horizontal resistance.
If we keep failing to cross this resistance we can expect to see a down trend to the support area.
Break in trend support would lead to continuation of bearish trend.
NEO/BTC breaks out of resistance after a long down trend since 2 months ago.
With this break out we can expect NEO/BTC to test the 1.618 fib level.
Retested new support (old resistance) and bounced off from there.
👉Break out & Retest of resistance
BTC looks to finish its last shoulder here. If this is the case we can expect a neck line support test. BTC looks to be getting weaker and could potentially see a 36,500 resistance test and a break towards downside.
This will lead us to 28,29,000 area.
Potential Bearish Cross in MACD. Still chance of small upside before trending down!
If we bounce off...
BTC looks to be completing this Head and Shoulders pattern in a few hours.
Key areas we must pay attention to is the neck line support & 36500 local resistance.
We are currently bouncing around in this path. Entry after confirmation would be best option here.
Break in neck line can lead us to test the lower 28,000 area. If we manage to close above 36,500 we...
BCH has been rejected at major resistance cluster at 510 - 520.
Looks like we have also broken trend support. BCH is short term bearish until we close above support cluster.
During the uptrend we saw no spikes in volume, indicating BCH may be weak.
Rejection from resistance will lead us towards 435 support area.
After a huge pump! ETH is not seeing some relief. ETH is still very bullish , but we may test some critical support areas.
MACD makes a bearish crossing as last 12H candle closed. We can expect to a downwards trend to the 760 - 800 support cluster area.
EMA50 holding strong and is acting as support. If we break this level we can expect to fall even harder, instead...