Buy ALPHA below 0.332.
First target 0.880
Second target 1.77
Third target 2.98
Stoploss at 0.150 which is far from the start of entry, so feel free to average in
If s/l hits, intend to rebuy when price rejects below 0.150 and gets back above 0.250. Will quickly repay the loss because of the daily gap. (s/l area is going to be a popular one so could shakeout first...
There is a high chance that when BTC gets above 40k it will get above 52k.
If you were planning on buying btc in the 40k-47k range--buying near here is a lot safer.
BTC sprung from weekly support. Could go sideways/up for a while from here.
28k-33k is a huge buy zone for a lot of people.
Bearish volume above current price on eth. Bearish reactions to bullish reversals lately mean the bulls don't have enough strength yet. Looking at another 10% drop at least for ethereum before bulls can stand a chance against the bears. Not a short call.
Market broke it's pivot support level we've been waiting for.
We now have a pivot res right above us at 43k.
Consider the crypto rally over until we can get above that new hurdle, in which case 47k is next target.
36k-39k has a chance of springing bitcoin back into 43k+ but only buy reversals in that zone with stoplosses at new lows.
The exceptional volume got my attention.
Price has far to go back up after the IPO selloff.
Buy at the current price and as low as it goes down to $1 if we get the chance.
Take Profit1 3.8
I personally give it 15 hours or less, but time is not a part of this analysis.
Next stop up is the 45300-47700 range.
Final pivot support before sideways/down likely is at 42100.
Price falling below 41650 means we'll likely go below 39500 first.
We only get sensible bullish opportunities on bitcoin roughly every 30 days. Here lately it's been closer to an average of every 40 days. The difference is the potential reward is greater than usual. ANyway, that time is now.
Buy bitcoin at current price of 42700.
Average down into a stoploss of 41300-41500
Otherwise take profits at :