Portfolio_Punt

Portfolio_Punt

The USDT.D Dominance is bouncing from a trendline that it held as support in the previous two tops. Additionally the Fear & Greed Indicates that it is in Oversold levels. Based on this, I expect a top in BTC to form soon with a correction period for the next few months.

Portfolio_Punt

There is some overhead resistance at 0.00015 Looking for a retracement to 0.000125 at least Move is similar to the last one, so a minor correction is due

Portfolio_Punt

It may go up a bit higher, but I can see some overhead resistance on the logarithmic chart. Looking for a retracement to mid $4.

Portfolio_Punt

I see two options playing out 1. We break through and reclaim the previous resistance (overhead trendline resistance) 2. This is a bearish retest of the previously touches trendline, the move will likely correct in a manner that exceeds expectations. As a result I see $22,000 / $20,000 (worst case) as being the targets. This is a contrarian view, but we should...

Portfolio_Punt

We are at a key point, with horizontal support holding and USDT.D retesting its highs and having a trendline retest. As long as we hold here on the Daily we may get a nice relief rally for the next few weeks.

Portfolio_Punt

I'm expecting one last flush out before we begin an up trend. We could double bottom at 33ksih which would be the preferred scenario. If not we could see 28k as 30k is too obvious for a bottom, so expect us to push down from there if we can't hold 33k.

Portfolio_Punt

Adding a short position near $42,100 - $42,250 Stop loss close above upper trendline resistance

Portfolio_Punt

Not missing this move on JUP, currently making a symmetrical triangle which is normally indicative of a trend continuation. I see a 50% move at least within the next 24 - 48 hrs (if BTC remains stable)

Portfolio_Punt Updated 

Jasmy had a nice breakout to the upside, I'll be buying on the retest of previous resistance and looking for some continuation higher. Stop loss on close below trendline

Portfolio_Punt

We are getting a retest now of a broken down trendline and are getting close to a key level of resistance. Patience is needed but if we break the key level (currently $42,600), then I will be opening some longs on some altcoins

Portfolio_Punt

Buy: 0.155 - 0.1625 Stop Loss: Close below 0.15 Taking profit around 10%

Portfolio_Punt

Buy: 0.018 - 0.0185 Stop Loss: Close below 0.017 A symmetrical triangle has formed on the shorted term time frames, I'm expecting an explosive move upwards from SLP soon

Portfolio_Punt Updated 

Buy: 0.07- 0.071 Stop Loss: Close below horizontal support

Portfolio_Punt

Shorting BTC Here to Hedge Against long positions. It will be invalidated if we close back above trendline

Portfolio_Punt

When we breakdown from this short term bullish impulse we need to hold the trendline which acted as resistance (now support). Otherwise we could have a drop similar to what happen a few days prior.

Portfolio_Punt

Although the USDT.D often inverse to BTC. It provides a great indication on good times to buy and sell BTC. At Trendline Support you should be in risk off mode, and when USDT.D is at the midline or the upper line it has often been a great opportunity to buy BTC.

Portfolio_Punt Updated 

Nice descending wedge forming on dreams. This coin is really difficult to trade bit I think we could see some upside once the wedge forms and if we have tight stops

Portfolio_Punt Updated 

We could get a double bottom with GODS and a Trendline Retest If that holds then I expect us to move at least 100%