This gives me clear Terra Luna UST vibes. That thing went to 0. This token already dumped 92% before. Why? The demand is artificially pumped using BUSD/Trunk stables. People that sell also have a 10% tax. The inventive is to buy and never sell. But once this trend changes into more sell pressure, the whole thing can implode in days. Essentially, they are...
Impressive move by #Chainlink The price bounce nicely off that $5.7 support, but now it is approaching its first true test at around $7.4. That resistance rejected #LINK several times. If not there, then $8 is likely a hard one to break now. #LINKUSD
This fall back into the rectangle is bearish for #Bitcoin The support at 26.5k did not hold. Guess #BTC will have to revisit 25k again. The stock market crashing ain't helping us. #BTCUSD
#KUJI Uptrend Confirmed! Can #Kujira reach $1? Seems to me the price is found in a clear ascending channel. So long the price stays inside it, I'm bullish. What's your take on this chart?
#Bitcoin has returned to its trusted support. That rejection at $27.5k coincided with a trendline which acted as resistance. Pray the stock market opens in green today, as otherwise this goes lower. On its own, BTC seems to do fine, but stocks are tanking and dragging us too. :( Are you bullish or bearish?
Exciting day for #Bitcoin With the FED decision today, expect volatility. I am bullish so long #BTC stays above $26.5k. A retest of the key support appears likely if we get some bearish news. In my opinion, the FED decision is already priced in. What's your take?
#Bitcoin dropped, no surprise here. However, #BTC reach a local support at 29k. If this falls, then 25k is likely imo. Momentum indicators are also turning bearish. Check MACD on 3-Day TF. If you have liquidity, keep it. We could get a discount later. #BTCUSD
Pretty obvious rejection at the key resistance. Don't think #Bitcoin pumps any time soon. Current area of interest is at 28k. If #BTC holds there, the price can try again to break the resistance. #BTCUSD
Uptrend intact, 2k on target. The momentum indicators are also bullish, so this has room to grow from here. Nice reversal. A higher high late this summer would be excellent for bulls.
Failure of the price to break out and make gains is bearish. #Bitcoin Once 31k was reconfirmed as resistance, the sentiment turned bearish. A break below 30k appears inevitable now. Lets see how 28k holds. #BTC #BTCUSD
When in doubt, zoom out. #Bitcoin Breaking this resistance seems unlikely at a first try. Would be surprised if we break above it. #BTC What do you reckon? #BTCUSD
Until this range breaks, don't expect much. I suggest you wait for a clean breakout before taking a position. If Gold is of any indication, a break above 31k is likely, but it's hard to say right now. Bias is neutral on this price action. What do you think? Hit a follow to stay updated.
Buyers are gone, bias is bearish. This could fall to the next key level of support if nothing changes soon. That run in June was great, but July so far was bearish. What's your bias on this price action?
Bitcoin is ranging here, this can go either way very soon. Bias slightly bullish on this last retest of the key support. Lets see if buyers manage to turn that 31k into support as well. What's your bias on this price action?
Chart speaks for itself. This is how BTC looked before its breakout from a similar falling wedge. Now altcoins may follow. Breakout this summer for altcoins? Let me know what you think in the comments.
Good support at 30k for #Bitcoin However, the price needs to break that resistance at 32k if this rally is to continue. #BTC This higher high is encouraging and the correct bias is to be bullish. Continuation has a better risk/reward. #BTCUSD
As expected, #Bitcoin is falling, let's see if it will tap that $25k. This is why price action can be predictive. I already posted this possibility yesterday. #BTC Macro is still bullish, but a pullback here is normal. Loading up at $25k could be a good r/r. #BTCUSD
#Bitcoin appears keen to tap that resistance level again. 👇 The longer the price sits here without dropping, the more bullish I become. MACD on 1h timeframe turned bullish. #BTC Pamp it? #BTCUSD