BTC got some intermediary support at 9.5K which is higher than previous 9.4K so I am expecting some bounce to the 30M MA50, with projected into future together with some Fibonacci shows it might happen at 10K. This is the the most important test after the instant crash where market will show if it will resume crashing or bounce even more.
XMR got ahead of most alts and looks like is leading the pack, but what about the potential on time. Well Monero are usually strongly tied with BTC moving just a little bit more or less than BTC, so not a lot to come. Our inner Circle Fibs shows some inner high has already done. So lets track this and see how it will unfold. Alts going first could mean BTCUSD...
Ok I missed it several times on a row but NEO is looking like reverting from a break down on the 0.5 retracement fibonacci, which means it setup a bear trap and is going bullish. But I am a bit ahead of myself here because it didn't crossed above the 0.5 level. It may just test it from the downside and resume downtrend but the risk reward ratio is way higher for a...
ZCL got a massive correction and after crossing below a huge support it reverted with a 100% bounce. It is looking perfect for scalping on low timeframes right now but the big picture is a lot unclear as the downtrend is not clear finished, neither the bounce.
LTC just hit a point where it is in the middle of everything. There is almost 50% probability for going long or short. This is not about telling the future but setup risk management. You can either go or stay long or go short because risk management take care of all. Setup you stop loss and your target and be ready to go.
XRP default recovery is the 0.382 Fib, so the most conservative strategy is to wait it to go there. After this we can monitor If the very long ABCDE correction is finally done or the wait is just half done. In another idea XRP is aiming for 60 days of correction, trying to mirror the past history. But market is a living thing and may not opt to reproduce history...
NEO is tricking going against BTC, looks like it wants to shake things before moving, our previous setup got invalidated. This new one is another eager analysis, to monitor a bit waiting for confirmation before entering. Myself is already in since last idea, so this setup is for people who may want to get in. NEO looks like made a pivot, it is not confirmed yet,...
Will monitor this a bit as it is right now on the point and I don't want to catch a falling knife. So if some green candles start to appear I will get in. You can always be more aggressive and buy right now because a stop loss and risk management takes care of all. But with BTCUSD going up, it is not clear alts will fade away first or later.
Looks like crypto market will give a chance for almost everyone who bought at higher level to break even or profit if this perspective materialize. As always this is not an attempt to tell the future, just some base for risk management. Market will always trick most people and go for unexpected paths, so this vision will need several adjusts on it's course....
Back again to Cardano/ADA and this time I have waited for 2 shy green candles before publishing. ADA hit a previous history pivot and is very shy atm. I will not buying here, if it continues more 3 or 4 bars with green candles or have some sudden volume increase I am going in with risk management and a moving trailing stop loss! So far that's it, just monitoring.
BTS has failed consistently to bounce even with strong support. It is breaking down the 1.618 Fib and by looking into history it's going down a lot. Targets on 0.786 Fibonacci and 1.0
STR/XML BTC is breaking down the 1.618 Circle Fib and looking fine for a short margin trade
IOTABTC has not broken down yet, but a second hit on the 1.618 is suggesting it is about to. Targets not so clear, so just took previous key points. Since there is a change to get a support on the Circle Fib and not brake down I have put this trade on neutral so it is up to you to take your side and use risk management to tackle market going on opposite side.
Monero is just rocketing the entire day, and I missed the bus, several times refused to join. Well I still will not join even if it goes mooning just because it is not my style, I prefer to buy dips, get rockets on the fly is not with me. But just to help someone willing to take the risk and risk management always take care of all risks, you can take the bus by...
Some big coins got forgotten with all BTC attention, one of those is Cardano/ADA. I have tried to get it's timing but got a stop loss. So this is my second guess. As you can see ADA reached a region which on the past got some time to break out. Based on this and our 1.618 Circle Fib the time for a bounce has come. At least let's monitor it a bit because catching a...
ETH failed to go the daily mean, instead returned to 4H mean, so this is a bit neutral the moment I am writing, so If ETH do not bounce back from here to Daily mean and cross down the 4H mean now or before hitting the daily mean, ETHBTC is going down hard and somewhat fast. Disclaimer: This is not real time signal to short, it is possible setup for the future !
BTS is very close to MA50 4H, by crossing it can produce a sudden spike to our 0.236 standard Fibonacci