Bitcoin made a new local-high this morning and the past 6 hours of consolidation have given time for some indicators to reset to a neutral to 'bullish' stance. Indicators RSI: Possible bullish divergence, agreeing with the intra-day price increase. OBV: Neutral Money Flow: Neutral Trade Good R:R potential here for a long, best entry will be from the bottom...
Verge entering a buy zone here, was hesitant to proceed but looks like there is a chance BTC will give alts a time to shine. Not much to say on this one, price is in an accumulation area, bullish divergence (not shown) and sell volume decreasing. Price targets are not time dependent and are shown in their current location for reference only. Will take SL at -5%
Ripple has yet to have any major move, despite some regulatory concerns being raised I think a 50% rise from these levels is conservative and certainly possible, even if we experience a pull-back first. Ripple tends to move without a catalyst and there are no major events scheduled. The price in USD is currently $0.900943, breaking the $1 mark would gain some...
Currently entering a vertical parabolic blow-off zone after a 350% 30-day (USD) gain (BTC equivalent similar) which saw new ATH's created. From here the rest is uncharted territory and the next logical support is only after a 25% drop, buy volume is still good though. In 30 days is the token swap and hopefully, the mainnet/launch will be successful. But this...
Some bearish signs visible on some short-term indicators, expecting at least a retrace to the bottom of this wedge before making any significant attempt to crack 9k. If the wedge breaks down I will be building a long position on futs for a target in the 10,200 zone. Fundamentals are stronger for Bitcoin, the dumps are weaker and so-far this "correction" is to be...
A Throwback is just a term used to describe the price movement when an asset (in this example BTC) breaks free from a barrier of resistance and then re-visits the same barrier as a support level. On the throwback, a trader would like to see the price bounce from the barrier confirming the "barrier" is still there, but acting as support. Newcomers can often...
A log-scale retest over the weekend could give Bitcoin a solid foundation to continue its bullish trend north towards the previous "highs" in the 11500 zone. <1D indicators showing signs of a moderate move north, however, a loose bearish rising wedge is currently in play. Currently long until 9050. No plans to short unless I can actively monitor. Will re-buy...
Let's see what happens here with $ETH A lot have fallen out with the taste of Ethereum, however, it's one of the only big caps showing good signs of a reversal on low-tf's. SL just below accumalation box, however, general feeling is it is unlikely a major dip will happen except for a black swan event.
Good R:R for a long here, certainly won't be selling mine around here. Could perform a classic shitcoin retracement into the $30 zone, if it does will be happy to load up without too much hessitation.
Quite underrated, held up its BTC value pretty well during major runs and dips yet benefitted from altseason. What is more to love. Oh yeah coin burn, rewards and additional utility.
Bitcoin broke north and brought crypto back to life, it is only healthy to remain cautious and any pull-back around now should be seen as an opportunity. Media is beginning to get on board with the idea that the bear season is over, which could fuel some outsiders to get involved. This resistance break or pull-back will not be ignored by the traders so ensure...
XRP has been in an obvious downtrend similar to many other altcoins, there is a potential for a sharp break north as it breaks free from the c'ripple'ing downtrend. Contracts on bmex renew on March 30th at 1pm.
Based solely on previous corrections BTC could fall further into the low $5200 area. I am hesitant about such a move, however, I will be keeping my available margin balance high to take advantage of any potential downward action. Still overall bullish, bitcoin has shrugged off much more than a bitcoin cash pump and returned stronger than ever, everytime.
A quick idea of some movement potential of XVG. Is far from its ATH and has good potential for further upwards movement, it is possible the 110 support area will replace the high 80's support I have relied on in previous trades. Overall a good trade with a potential short-term target in the 155 region (Although with news on the way, I have only set price alerts...
A quick overview of the current state of bitcoin. We have just witnessed an epic run into the $7500 zone, a drop "should" be expected based on bitcoins past performance, however, a short opportunity has certainly not presented itself and I will be keeping away from the sell button. This is the only asset I am happy to leave long positions open without a...
Update on BTC's buy/sell zones based on last 2 months trading. SOme good opportunities to mitigate losses from alt's. I personally sold off some alt holdings to put towards BTC, however, short-term BTC can expect a 10% rise while some alts could see 30%+ in the same time frame.
I'm 95% sure most will be going long on Bitcoin, especially in the mid-term. I will be looking to take advantage of any dips to offset my losses on altcoins.
Copy/paste from last idea: Bitcoin is currently in a $100 support zone breaking north from here could easily see prices break the lower sell zone, while going south could see the price hitting a new monthly low. I had set price alerts for $3796 and if we exceeded $3818 I would open an additional long. Stop loss hit my $3657 long and under-estimated the $3800...