About meBitBloxx is an investment solution provider having a team of expert analysts which is dedicated to provide the clients a single platform to stockpile different digital assets, such as currencies, commodities, equities, and cryptocurrencies.
BNB has successfully reentered a long-term up-trending channel which opens the door for a continued upside. With SMA 200 and nearby diagonal resistance, 20-25 region can be a tough nut to crack.
However, we wouldn't be surprised to see a hike towards $40 once $28 is cleared. (FINGERS CROSSED)
Scanning through Privacy coins again, XMR got our attention. Breaking past a tough resistance followed by a short breather (with declining volumes) hints towards a 2nd leg up which is definitely worth a shot.
Exact levels on the chart.
ATOM/USDT has been trading in an upside trend for quite some time now, validating it further with each test. The Stop and TP Levels are very well defined at this point. Considering the positive sentiments across the crypto-market, we feel ATOM is all set for a ~40% - ~50% hike soon.
Refer to the chart for exact levels.
As BTC crosses over a tough resistance dating back to July 2019 and Dominance charts skyrocketing, we believe its time to place our bets on the Alts market as it attempts to catch up.
BAT/USDT has formed a triangle pattern with a breakout on the cards any time now. With a risk to reward ratio of over 5.5, we feel this setup must be traded.
BINANCE:BTCUSDT finds itself on the edge of a narrowing channel dating back to June 2019, and we say its almost time!
We say Accumulate, you may ask why?
- Going by the book, such patterns yield great returns. Looking at BTC's recent past, narrowing price action often leads to major upsides
- Downside volume is at a minimal - Good sign
- With a medium to long...
Bitcoin finds itself indecisive once again, which is nothing new. We have seen this happen before and we are well aware of the reaction that follows. Analysing the chart and general market sentiments leaves one double minded, and we feel conditional trading works best under such circumstances.
There two possible scenarios (and their outcomes):
Scenario 1: ...
Crude chart weakness & looking at weakness of CAD & NOK in recent days it was evident that crude oil will get weaker ahead. As long as it doesn't break above trend line, chances are towards downside considerably. Demand is weakening due to global growth concerns and US-IRAN tension is defusing gradually.
LINK/USDT has been trading in a smooth ~20%-~30% horizontal range (sounds lucrative already) since Mid-July, suggesting reasonable consolidation in the area.
We are in favour of a long position considering some interesting observations:
- It's one of the few pairs that have managed to stay above the 100EMA lately
- Positive divergence between RSI and Price on...
With ECB committed to ease in September, pressure is increasing on SNB to further cut rates towards minus 1 percent from current minus 0.75%. CHF has appreciated considerably as a safe haven move recently making higher possibility of intervention by SNB. chart structure has started to favor fall in Swiss franc in coming weeks. Further looking at SMI 20 strong...
BTC has been been consolidating in a defined range for quite some time now, giving top 10 alts some breathing room and prep time for a leg up. Reviewing XMR/BTC daily and 240m charts, we spotted a worthwhile trade that we're sharing with our followers now.
Breakout from the horizontal range dating back to 2nd August, followed by a quick retest means the chances...
We are looking at an interesting triangular formation in BTCUSDT (DAILY) with support line validating back to May '19.
Below are some interesting observations that we'd like to share with our followers:
- Dual support coming in from 100EMA (Daily) and a validated up-trending line.
- Price consolidating in the Triangle means BTC could possibly be targeting...
We are always looking for sound trade setups, and our followers are the first ones to know when we find something worthwhile.
Today it's BCHABC that we're looking at. Once known for its notorious reputation of wicks & tails and giving BITCOIN a run for its money, the coin has been hibernating for quite some time now. However, that certainly does not mean that...
XRP might just be the best Blockchain project fundamentally, but the price action suggests otherwise. During our weekly Long term chart analysis, we reached the conclusion that BTC might just outperform XRP by leaps and bounds and we certainly don't leave our followers in the dark. Below are some worrying observations that we made looking at XRPBTC Weekly chart:...
BNB/USDT is finally reaching our desired accumulation zone, offering an exceptionally good risk to reward ratio at this point.
- Up-trending slope (1) has been working flawlessly since Mar '19, and we certainly expect some bounce from it at this point.
- Some of our followers may be doubtful about this trade looking at the Negative crossover...
We have been following this BITCOIN log chart since Dec '18 and it never disappointed us. BTC has been in a mega bull channel since Mid 2013, and looking at it with past halvings marked makes even more sense.
Cut to the chase, 10EMA on weekly is intact, next halving isn't far away relatively, and lower slope has further validated itself since Feb '19 spike....