cryptotraderog

cryptotraderog Updated 

Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin has just created a lower low on the macro/daily timeframe by breaking the 30K level, so far has traded as low as 28.8K. This is definitely...

cryptotraderog

Bitcoin inverse head and shoulders long breakout at 33K

cryptotraderog Updated 

Bitcoin has seen a very bearish few days after getting rejected from 41K. Ever since that rejection and the break below the 200MAs on the 15Min and 1H chart, price has been unable to recover above it. The most recent test of the 200MAs on the 15Min resulted in a rejection and prices fell even lower. We are seeing a slight bullish RSI divergence, so price might...

cryptotraderog Updated 

Ethereum seems to be continuing its bearish trend. We are looking at a potential short at the 200MAs, which is currently sitting at around 2240. A new pattern is now potentially forming, the head and shoulders, with the neckline at 2125. If price breaks the neckline, the target is around 2000. Hi guys, this is OG back with another cryptocurrency update. If you...

cryptotraderog Updated 

Bitcoin is still in a bearish trend. We were looking for a potential short at 36.5-37K at the 200MAs, but as prices have continued to decline, the 200MAs is now near 36K, and so thats where I will be looking for a potential short if we get price action and volume confirmation. There is a potential inverse head and shoulders forming, though a very ugly/messy one...

cryptotraderog

THETABTC Potential Long @ 0.00024000, upon successful retest of the 200MAs with strong candlestick and volume confirmation. Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Check out my technical...

cryptotraderog

Cardano has been trading under an extended resistance trendline that has kept prices down. It has just formed a bullish RSI divergence on the 1H timeframe, suggesting that bearish momentum could be taking a pause. If price is able to break above the resistance trendline at 1.42, we can see a rally to the critical $1.50 level. The 1.50 is an important level for...

cryptotraderog

Ethereum is potentially forming a W-bottom (swing low followed by a higher swing low), and the neckline of the pattern is at 2250. We need to see a strong break above 2250 with above average volume for us to consider taking a long. And because price is already at the neckline, the break needs to happen rather quickly otherwise the W-pattern gets invalidated. Hi...

cryptotraderog

Bitcoin has broken down from the resistance trendline and continued to bleed upon options expiry and into the weekend. Im looking for a continuation short if price comes up to 36.5-37K to retest the 200MAs and get rejected with large volume. Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and...

cryptotraderog Updated 

The S&P 500 has broken down to trendline support after a failed breakout at 4240. The SPY index formed a high at 4238 and tried to break it at 4255, but failed to hold above that alltimehigh. It is now testing trendline support, and the question is whether price will bounce here at support or will support fail to hold and thus lead to a much larger...

cryptotraderog Updated 

Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. BNBUSDT is potentially forming a W bottom pattern, which is a variation of the double bottom pattern in which the second bottom (2nd swing low) is higher...

cryptotraderog Updated 

Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. BNBBTC is testing the 200MAs on the 1H timeframe for the 1st time since price broke down from the 200MAs. Price typically bounces on the first retest of the...

cryptotraderog Updated 

Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. On the 15Min TF, Bitcoin is potentially forming an inverse head and shoulders pattern. The right shoulder has yet to be formed and the neckline is at 38.2K. If...

cryptotraderog

Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Today's analysis was requested by a community member @ahmadabdallah96. First, some background on the project. XEM/NEM is a legacy project that dates back...

cryptotraderog

Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Bitcoin just broke down from the confluence of support zones, namely the trendline support @ 38.5K, the previous swing high also @ 38.5K and the 200MAs on the...

cryptotraderog Updated 

Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. There is a potential short trade coming up on ETHUSDT, key word is potential. We need to wait for confirmations before jumping into the trade. I'm waiting for...

cryptotraderog

Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Today's post will focus on the micro 15Min Timeframe. After rallying from 31K to 41K, price attempted to break higher but got rejected at the 41K level. In...

cryptotraderog

Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. In this post, I will go through a multi-timeframe analysis of Bitcoin, from the daily timeframe to the 4H TF down to 1H TF and even the 15Min Timeframe in order...