MMoney_Badger

MMoney_Badger

BTC/USD 1h chart After a nice surge of BTC price, we've found a relaxing place between historical resistance at 48.700$ and support at 46.700$. If we take a closer look at lower time frames as 1h, we can see that we're about to form a diamond pattern, which has a bit higher percentage rate of reversing the price. If that plays out we can place a short position...

MMoney_Badger

BTC/USD 12h chart BTC has finally broken out of the descending channel and made a nice green candle in the range of 10%. Shortly we can expect retracement down to 46.700$, which would be a good entry point for all those who haven't make it by now. Another good entering point for a long position would also be when we go above the orange rectangle and yellow...

MMoney_Badger

Solana Rhoades/USD 4h chart After leaving descending channel without a significant price reaction, we're now trapped in a symmetrical triangle formed directly on the support line - I can smell indecision of a market. Generally, we can say that we're now in a bit more neutral territory in comparison to the past days of September. And it looks like altcoins are...

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BTC/USD 4h analysis, Not much has changed since the last analysis on BTC. We continue respecting ranges in drawn descending channels and bouncing from green support at 41.000$. In the upward direction, the first resistance is at 44.000$. Breaking that would also mean that we're out of the channel, where the majority of traders will place long positions. In case...

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ADA/USD 1D chart China FUD dropped the price below the green line, which presents strong support from the past at 2.30$. According to the chart, we're facing resistance at this price line, which is keeping us below. If BTC doesn't rise and altcoins follow, we might see a continuous price decline on the ADA chart. If we continue to decline, consider placing long...

MMoney_Badger

BTC/USD 1D chart We continue to be held in a downtrend channel that we could draw also as a bull flag - a bullish formation. 40.700$ continues to work as a strong (historical) support. Therefore any entries in that range could present a great longing position. If we consider breaking the channel that is keeping us down we can expect some upward fireworks. Worst...

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SOL/USD 4h chart Solana continues to stay in a bearish trend (short-term chart) which pulled us down by more than 40%. We're kept in the downtrend channel and forming lower lows and lower highs. Until that doesn't change with a breakout of the channel and correct formation of higher highs and lower highs, a good suggestion would be to not placing long...

MMoney_Badger

BTC/USD 4h chart As expected from the last price analysis, 41k worked as strong support, and even RSI has dropped below 30 due to high selling pleasure. Both were a good signal that we’re about to bounce from there. However, shortly we aren’t out of danger yet! Above us we still have a high volume per price traded what could keep us below 46.400$. The...

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"Unfortunately", bears have taken over this time and drove us down to a 40.000$ per Bitcoin. Since this is a psychological number and has strong support from the past, it's expected to hold price above for some time, after all, it is also a 0.5 fib level. According to TA the correction could bring us down to 38.100$. For now, we're seeing quite strong buying...

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Altcoin dominance analysis - weekly chart. Since the beginning of January 2020 altcoins are dominating the market and even performed breakout from descending broadening wedge. The long-term expectation is that Altcoin might have a 70-75% dominance on the market. However "shortly" it looks like that we're facing a double top formation just on the red resistance....

MMoney_Badger

Forecast based on previous price actions. If we manage to form a cup and handle we can aim up to 70k, which would be a new ATH. Enter the position once we close above the buy 3. th range, afterward, some resistance is expected at 59K. In case of negative price action, we still have much support from where we can bounce and make a good entry point. All bullish for now.

MMoney_Badger

ADA/USDT 1D chart After facing a nice correction with a pullback ower 30%, the price action started to consolidate in a descending triangle trapped between the nice support line from 15th May and the purple trendline. Fibonacci levels are well respected. Additionally, we're facing a declining volume which normally indicates a big move is about to happen in near...

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GameCredits is on a market for a quite some time as I remember, and it made ma nice fortune back in 2017. However, remember it's a small market cap coin with a high risk/ reward ratio. according to TA we're forming a descending triangle which in fact isn't quite a bullish formation. But since it's hitting one of the lowest points in history a small amount invested...

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ETH/USD seems to form a cup and handle pattern which is one of the most bullish forms that we can encounter in TA. According to that, the targeted price is up to 6.290$ if we manage to break out. Consider placing the positions once we close above the green dotted line, or once we break and retest it (4.000$). In another case, the orange trend line is still...

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200EMA line has been working as strong resistance from 13th May up to 22nd July, Since then the price has been riding the line as strong support until the 7th September crash. Pessimistic scenario: Since we've brake below 200EMA on daily and reached only 0.382 (43.787$) corrections according to Fibonacci it could go down to 0.5 (41.083$) which aligns with a...

MMoney_Badger

Solana (#7): SOL/USD on 4h chart it's forming a bull flag formation - a high probability that the trend continues. According to the TA our target is located at 290$. Yellow 21 EMA is well respected in this case and can be used as a strong indicator. Conditions before entering: Wait that price breaks the green trend line, which is working as resistance, as well...