About meBitcoin trading is different than trading in stocks, thus people need to look deeper and see it at a technical level. being a technical analysis, I will throw all of my expertise here to guide you through a profitable journey.
Well today's, FinCEN files & news-driven event collapsed 10-15% various financial assets including crypto.
Recalling on investing dot com, I mentioned several times, bitcoin has printed a descending broadening wedge post-2019 failed rally (COVID-19). The uptrend remains intact if BTC does not enter into the wedge again.
If you have fear and looking for the...
ETH remains bullish with a long-term rise. If ever ETH breaks below 300, the main support zone comes in to play where buyers will push in. If that level is broken, we will fail to continue the uptrend and a new momentum will be needed to resume the trend.
I remain bullish on ETH and expect to capitalize above 500 in long term.
Facebook is printing a bearish engulf month if it closes below 252.65. Given the support 245.19 (1M) holds, the likelihood of retesting 300 double top (1D) remains in hands while the daily is in a neutral zone & Facebook has broken 1D 50-period EMA with a higher low setup. Expecting a retest of 300 with TPs=272-278.
It is the main trouble for XRP to hold above partly due to abundant supply. I am sure with this long term exhaustive bearish trend, XRP will push to break above in due time. It needs news and spark other than crypto rising trend. I remain long on XRP and will be buying the dips.
BTC is just not awarding any 3rd chance yet. Buyers are waiting but it is slowing pushing to break 12k, then 13880 a major hurdle. If that gets broken, we will go to 20k retest for the first time in past two years. Once that gets broken, the minimum fib extension is 32K.
Keep holding holders, you are always best money makers.
Tesla is consolidating post a historical breakout of 968. I believe, it will at least retest 1376, a point where we may expect 100 points of trade risk (monthly gap up).
I am not sure it is yet rejected as we haven't touche the recent top again @1794.
Given one of these levels holds, TESLA may resume an upward journey. If these levels break, the rally will be concluded.
Airbus is nicely settled in a rectangular scalping range (70-60) with narrow stop losses.
Break below should offer a cheaper price, break above bullish continuation.
Daily momentum (RSI) and volume (KO) is picking up but due to sideways market, this is not relevant yet unless the price breaks above 70.
AF is trying to gap fill with a strong bullish engulf, it is trying to break 6. Weekly sell remains (RSI=43, MACD=-1.1, ADX=50) against recovering daily strong buy (RSI=70, MACD=0.1, ADX=36). The weekly pressure will be omitted if it breaks through Fib0.328(5.993).
A follow-through is needed . Long Still 4.5.
Zoom is overpriced with bearish divergence. The recent breakout of the consolidation puts Zoom +30% of 50-days EMA. This is quite a lot compared to Netflix for instance. I expect a pullback and staying short on Zoom with a risk buy below 200 until 180 (the previous consolidation or Fib0.328)
Further low to EMA50 will be a gift for newly rising stock.