👉 BTC is sitting on the lowest point from within this ascending channel on the daily timeframe, we figure that the only way is up otherwise the next purge will be initiated.
👉 We are also breaking back up onto the 0.382 Fibonacci level. Market structure remains if we go up from here.
👉 Drawing a Fibonacci retracement from the market cap's high this month to the low of this month reveals that we are in the process of forming somewhat of an inverse head and shoulders pattern.
👉 We must not ape in to any trades but wait for further confirmation that the bull run is not yet over. The entire space could see a large injection of money...
This is the doomsday scenario for Bitcoin, if we fail to close a daily candle back above $52,000 then we can kiss goodbye to the expectations of higher prices this year. I simply don't see it happening.
The truth is that momentum on the RSI is once again falling as the price is increasing, this makes for a bearish divergence as seen when...
Here we have all of the most important trading levels you need to know to stay head and shoulers ahead of market participants this month.
- DAILY LEVELS
- WEEKLY LEVELS
- FIBONACCI RETRACEMENT
Breaking all time highs seems to be Solana's walk in the park. Up 142% since August 26th.
Solana has managed to outperform XRP, the second-biggest gainer within the top 10 in the last 24hrs.
This is mainly attributed to Solana being one of the fastest blockchains in the world and there is a growing interest in the the NFTs on the...
Bitcoin has been on a wild ride for the past couple weeks, we have managed to latch on to $49,000 with a level of conviction that perplexes the bears. Its bullish territory and a bulls game at the moment, we hope to see a daily candle close above the $50,000 mark. This will position us right for further upside. If we close below the $50,000...
We are observing something really great here, Bitcoin has been trading in an ascending channel since the 20th of July. Today, just a very short time away from the monthly close and we are experiencing great market indecision as we continue to trade within a tight symetrical triangle. Its difficult to say where the price will go from here as...
We have compiled two crucial fibonacci pulls that you need to incorporate in your day to day trading.
The fist fibonacci retracement is set from the all time high to the low of this run after the big mining dump.
The second fibonacci retracement is set from the local high at $49,752 to the low of the dump, around $28,859.
Bitcoin is currently sittingwithin this symetrical triangle and appears to be testing the point of control (POC) for its current range . It looks like we will be going up from here to test the value area high (VAH) next. Then, go on to testing the top trend line. We will be looking to breakout trade the top of the trend line or short it...
Here you have a complete set of support and resistance trading levels for the ETH/USDT pair for the month of August. Pay attention to these levels along with your favorite indicators to prepare for entries and exits! Trading level to level is crucial and can teach you a lot about market psychology.
- Monthly (PINK)
- Weekly (GREEN)
Here you have a complete set of support and resistance trading levels for the BTC/USDT pair for the month of August. Pay attention to these levels along with your favorite indicators to prepare for entries and exits! Trading level to level is crucial and can teach you a lot about market psychology.
- Monthly (PINK)