In my previous update, I insisted to wait for $39500 for opening any long positions. solid try from Bitcoin to reclaim that level but in the end, it was a rejection that brought us here, sub $35000. from now on the only possible scenario in my head, is to sweep the equal lows at $28000. If we are lucky we can get a short set up around $36600 which is an H1 OB...
This area (yellow) still offers the best possibility of a bounce for Bitcoin. $35700 is the last place to bet on! below $35000 is light out for the market and I believe sweeping the $29000 lows is imminent. So please be patient with opening a new position, my advice for you is t wait for Bitcoin to flip $39500 as support once again. I was long yesterday from...
Let's do this. I will buy the panic selling below $38000 reasons: on 21st Jan 22 we swept the equal lows at $39500, after that we saw the real liquidation cascade and finally some huge buy volume across all markets. The price tended to deviate the lows and jumped right back above those lows with a badass daily candle. three things: 1-we finally made an MSB (MARKET...
OB = ORDER BLOCK The LAST BULLISH or BEARISH cand before an IMPULSE up or down, represent an OB or Order Block. -Why do we call them order blocks and why are they important? Order Blocks are one type of supply and demand on the market, you can expect them to act as a support or resistance depending on the impulse after them. an OB is where larger players...
This chart is requested from you guys, I will accept every requests so feel free and ask me what you want me to analysis in the comment section ;)) Okay lets see what we have here, The previous range is broken to the downside and currently the price is having some problem to get back inside it. Oversold RSI 4H timeframe. Good demand at the green box. If you want...
Hello and welcome to this quick market analysis Make sure to hit the like button in the end if you agree with my insight With the current structure on USD pair, it is safe to say that the bottom for Polkadot is in at $37, and now if you look at the BTC pair you can see that we broke below the triangle BUT I forecast that this break was a bull trap. In the near...
There is no news addressing this -5% dump. It's all technical and possibly a Bear Trap. Bitcoin is still above $60k. We can drop as far as $53k and still be bullish but FU. If I want to sum up everything in one sentence I go like this: CME gap is filled + funding is retest and even negative + great buy wall of bitfinex has been filled + everybody turned bearish...
Today we have dYdX/BTC to talk about Easier chart to analyze than the USDT pair, as we can identify our support and invalidation area better. The bearish momentum has been stoped a week ago, and the new bullish wave is around the corner! We bottomed out, made higher lows, and currently broke out of this pattern with some massive green candles. I am aiming for...
This chart looks really good to me: After reaching the all time high, price made some lower highs and as it was unable to creat a new higher high it dropped heavily and the market sentiment changed from bullish to bearish. The last bullish correction got rejected and retreated to the 618 fibonacci level, And we are currently trading above this level. We are...
Hello and welcome to this quick market update: With all the parachain hypes around $DOT aside, let’s discuss the TA a little bit: As you can see, in my opinion $DOT is trading in a rising wedge and currently we are at a very import support. Both static and dynamic supports are aligned here (+ 21D ema), so it is fair to say that if we loose this line, the All Time...
Hello and welcome to this quick update: Timing is very important in order to trade tokens like $ALICE and $AXS The future of NFTs is bullish, at least in short term, so lets catch the big moves together. $ALICE is locating at a very good support today, we have 21D EMA, and the lower line of a bullish pattern. Targets for ALICE are from fibonacci extension...
Requested chart Simple enough: I’m looking for shorts at the supply, and looking for longs at support or confirmed breakout from the resistance.
Hello and welcome to this quick market analysis. This one is recommended from one of you guys, I always respect my followers wishes so don’t be a stranger and comment your favorite chart and I will share my insights on it ;) Basic data is written on the chart so I just review them here real quick: .$DASH is printing higher lows on weekly time frame which is a...
Latest update from my $BNB buy set up: Still long from $460. The price finally meet the 618 fibonacci level, which is acting as a strong resistance in front of us. Will take some profit at the green box around $560, if we break this resistance. The whole set up will invalidate if we drop below $445. My target remains at All Time High.
So dYdX finally did some decent retrace, actually a perfect retrace to the 0.382 Fibonacci level. We have 4 factors to buy dYdX right now: 1- 0.382 fibonacci support level 2- lower line of this bullish bull flag 3- diagonal support line that hold us from $10 till this day 4- Oversold RSI So it’s just a good bet to buy dYdX here Your target should be around $33...
Easy to follow: Market sentiment is changing to bullish once again, We are currently at EQ of this bullish channel We need you break through it and maybe retest is multiple times for more confirmations The chart is at daily time frame so don’t FOMO, i think we will get enough opportunities to buy BnB at a reasonable price. First target is at upper line of this...
Aight, this is a quick one $FTT is trading at a crucial level right now. Loosing this support means I’m following the path B Holding it and I will trading according to scenario A We might see some wicks below this support due to the current situation of the market, so trade safely and wait for breakouts + retests
Hello and welcome to my analysis Today I will discuss about my bullish scenario on $EOS, Feel free to leave a comment and share your own ideas with me or recommend some other coins to me and i will analyze it for you. Okay, so I tried my best to show every information on the chart for you: As you can see $EOS was experiencing a bear market for over 992 days But...