Indicators looks ok but what really looks bullish here is the chart showing a strong support in the 60-70 area. Market has showed strong action in altcoins and Mainframe still didin't show it's move. I will be buying some here and look for the resistance areas in the chart.
I don't need to say much more as the chart shows pretty much everything.
Total market cap testing right now a very important resistance. Breaking this resistance should give crypto market a nice wave up to 200$Bln market cap. Overall Bitcoin chart and altcoins charts looks bullish in the long term today and looks like that crypto total market cap is also showing us a nice run in crypto if we managed to break this downtrend that has...
If ONT breaks this 20K resistance we should get several waves up to 26K-32K satoshis.
In the weekly chart ONT already retraced 100% and found some nice support breaking the Ichimoku cloud some weeks ago. Things looking good and it is just about that resistance to get the confirmation to ride up fast.
I have been waiting for days for a clear pattern and here it is a falling wedge. I am expecting Bitcoin to break up this falling wedge in the 3rd week of february. If that happens the breakout will be followed by strong volume bringing us to test again the resistance line that has been dominating the market in this bear trend. The resistance will be strong and not...
I am buying Bitcoin back now at 3620. Stop loss at 3530. I really like the fact that previous resistance worked as a support and that we correctly exactly to 61.8 fib level. Looks like a good entry to catch this wave 3 to 3800 area.
Some medium-high caps are going up hard in last days and looks like EOS wants it's run too!
Insane opportunity here. I will buy a small portion now and more after breakout and will set a stop loss under the support. Will close the trade if a 4 hrs candle close under support
After correcting so much. One of the best crypto projects may now make a double bottom and start riding up from here to test 50% fib level around 170 sats.
Stop loss :
I will close this trade if VET closes a 4 hrs candle under 100 sats.
I really hope Bitcoin breaks up here and completes this inverse head and shoulders and ride up to 4800-5000 otherwise it can slowly ride down, break the support invalidating the IHS and fall down to retest 3K area. It all depends on this upcoming breakout.
After correcting a little more in the short term breaking this current bearish rectangle Bitcoin should find support and consolidate around 3600 and start pumping from that support completing head and shoulders and running then to 4400-5000
Ethereum has been respecting this channel since ATH. There are 3 main lines represeting the top, bottom and middle of this channel. Very nice channel to trade .
So many ways to trade this channel:
Buying the bottom, selling the top.
Shorting the tops.
Longing the upward channel breakout.
Shorting the downward channel breakout
Bitcoin inside an ascending triangle. I am looking for a breakout to the upside to long targeting 4400. In the other hand will not ignore the opportunity of shorting it if it breaks the support and target 3700. Stop losses can be placed under supports or resistances depending in which way it will break out.
After breaking up this falling wedge Bitcoin is showing nice buy volume and based in a simple fibonacci it is expected to see Bitcoin reaching 4K area in the next few days.
Indicators overall are looking good and supporting the breakout. I am not trading here tough. Just updating my chart.
After falling for so many days. We finally made a nice bullish divergence and we reached a very important support level around 3000 dollars. Even if the downtrend continues, a recover from here is expected to 4K levels again.
Bitcoin has been falling since 20K ATH coming back to this uptrend channel that has been here for more than 3 years. Right now it is testing the bottom of the uptrend channel. If we bounce here we might start another short term uptrend to test at least the top of this channel(7000$-7500$) but if we break down we might see Bitcoin falling hard to 3K-3.6K level.