Cryptoplush01

Cryptoplush01

It's been a long downtrend ride for DNT since Feb 2018. Price hit the historical weekly support level in August 2018 and has since consolidated at this level for 8 months with little spikes here and there. Price broke down to the lower support level at 280 in Dec and has since then been seeing slight move upward with retest at intervals. Price had a bullish...

Cryptoplush01

FOMO is back, Bitcoin is pumping hard, google trend search is up, the moon boys are partying,.....when lambo? It's was indeed a huge relief to see Bitcoin breakout bullish on a very huge volume after 15 months of continuous downtrend without a higher high. This to me is encouraging, but the disturbing thing right now is the kind of sharp turn around in sentiment,...

Cryptoplush01

It's been a five straight week of green candle on the weekly, and we could see the sixth one if the if the weekly candle closes above 4100. However, the bulls may just be Loosing their steam right now, even as price continues to grind within an upward daily channel. On the 4 hours timeframe, price continues to move upwards forming a higher high, while RSI is...

Cryptoplush01

Here is a quick update of my last post. In my previous post I did warn of a weakening upward momentum and a possible resumption of the downtrend as the bulls continued to struggle to hold price above the 4000 level. Price broke below the 4000 level, but the bulls continued to exert more strength pushing price back above the 4000 level in what appears to be a...

Cryptoplush01

Price broke below the 4000 support level after the bulls lost their grip of and failed to push price above the 4200 level, a situation that gave the bears more momentum to take over control. As of now, the bears appears to be in full control, and this will become clear to all as we dip further towards the 200 week MA where I did expect us to get a short term...

Cryptoplush01

Price broke out bullish from the range above the weekly support at 766, and had a nice consolidation on the 50 day moving average followed by another flush break above the 50 and 200 day moving average, but got rejected at daily resistance level (red line) just above 1000. However, the bulls seems to be holding up strong after the little correction downwards on...

Cryptoplush01

Range bound and trading sideways in the last couple of months. Price bounced from the daily support level at 7490, and broke out of the long term downtrend line resistance but couldn't find enough steam to move above the 200 day MA where we got rejected last week. However, the bulls were able to prevent price from falling further after a retest of the daily...

Cryptoplush01

ADA BULLS finally came out strong after price broke above the 200 day MA, and a golden cross few hours back. Volume appears to be building up strong, after a flush break above the 1275 resistance on the daily, followed by a retest and a bounce from 1275 support level (previous resistance now turned support) Bear scenerio: Strong Resistance at 1375, Stochastic...

Cryptoplush01

The Bullish momentum of bitcoin appears to be Loosing steam after the rejection at the 4000 resistance area. But on the contrary, Bitcoin volume seems to be gradually increasing steadily an indication that long term speculators are accumulating Bitcoin gradually within this tight range, and the weekly stochastic which is over extended above 70% level but now...

Cryptoplush01

ADA has been on a long accumulation zone since Nov 2018 and it appears to be brewing up for a bullish break out of this accumulation zone. Will it break bullish or will we see a reversal from this present resistance zone at 1275? The 50 day MA (thin red line) appears to be kissing the 200 day MA (thin orange line) if we get a golden cross, expect a very strong...

Cryptoplush01

Bitcoin appears to be giving a conflicting signals as the bulls and bears battle it out within a very tight range. We may be seeing another week of consolidation as the 50 day MA is still flat (though it appears to be turning upward slightly). However, the price action at this level seems to be forming what appears to be an obscure inverse head and should with...

Cryptoplush01

Bitcoin appears to be giving a conflicting signals as the bulls and bears battle it out within a very tight range. We may be seeing another week of consolidation as the 50 day MA is still flat (though it appears to be turning upward slightly). However, the price action at this level seems to be forming what appears to be an obscure inverse head and should with...

Cryptoplush01

Bitcoin sideways movements continues, but the bulls seems to be resilient in the past week holding price above 3800 level. I don't expect price to turn bearish from here in the short/mid term, I still look forward to that push towards the 4200 area again, and a possible break above that area to the 4700-4800 area before grinding down. Either way, I still believe...

Cryptoplush01

It's been a long battle between the bulls are the bears in the 3650 to 4200 area. A holistic view of the bitcoin's chart on the weekly time frame shows that price action may be forming this same pattern we saw around the 6000 area, a fractal repition that could lead us to a final capitulation and a possible return to mean. Aside the recent manipulations within...

Cryptoplush01

LTC seems to have taken over the dictatorial mood of the market from BTC in the last one month as the green flag in the market in the last 24 hours has been spear headed by LTC. With the bears approaching, will LTC also lead the market down into a pool of blood? Or will BTC save the day? Time will tell..... With the bull break out of bull flag on the daily time...

Cryptoplush01

In my previously post, I did look at price action on multiple time frames. In this post I would like to look at price action on a higher (monthly) time frame. Price took out the $6k psychological support down to the $3k psychological support area 3 months ago. The bounce from this area and the current market sentiment around this area....especially because this...

Cryptoplush01

Bitcoin's market uncertainty rises as bulls and bears battles for supremacy. Shorts are very low at present, while longs seems to be piling up in this choppy zone. On the higher time frame (weekly) the bias is still to the upside, as price has stayed above the previous low of $3270 with the recent candle opening right above the previous one. RSI remains flat, an...

Cryptoplush01

Here is a quick one on #BTC 4 hours:- too much noise on the hourly time frame. A careful analysis of price action shows we are in an ABC correction move. The rejection at $4198 down to $3730 gave us our "A" move, the bounce to the $3866 area gave us our "B" move and the dump to the downtrend line support at $3630 gave us the "C" move. The strong rejection twice...