cyatophilum

cyatophilum

We may be wondering if we should buy Bitcoin now that he crashed more than 40 % since the last ATH at 63k $ less than a month ago. We will also look at Ethereum which is the second leading coin. █ BITCOIN ANALYSIS It has been two weeks now since Bitcoin got corrected down to 30k $. The fact that it left two huge wicks...

cyatophilum

Hello, today I want to share my current trading strategy. First, I will look at Bitcoin against USDT. The market is bullish and shows no sign of ending anytime soon, at least for now. From this information, I know I can trade the BTC/USDT chart, but not only. Because with all this capital flowing into crypto, usually...

cyatophilum

This is crazy. Bitcoin went up +225 % since March 2020, and it is still showing bullish flags on all charts. This fact itself is the only bearish argument I see: who would long an asset already up +200% ? I always analyse assets multi-timeframe, starting with the highest. On the monthly, I used a log chart because it shows percentage price change instead of...

cyatophilum

Volatility seems to pick up pace recently. Mainly to the downside sadly, wiith a break below the ascending trendline that was created. Though it seems to have recovered to the 61% of fibonacci after trading below the 50% retracement. If bitcoin fails to remain above the 13550-13650 support levels (in green), there is a risk of a further downside movement. In this...

cyatophilum

Price formed a clear ascending trendline (slashed in white), RSI is above 60 plus recently MAs are slopping up. I would expect bears to fight at resistance around 380 €. A break below the trendline will be a weak signal.

cyatophilum

Congrats holders/longers! Time to secure profits and wait for correction and new support confirmation (previous resistance around 12k)

cyatophilum

A bullish scenario is that the resistance created in July 2019 can become support in the next months. It would be a big deal, unlocking new possible highs.

cyatophilum

SRM has been trading at all time lows and volume is showing a bullish divergence. Not a buy signal yet but it should be interesting to keep an eye on the coin, until indicators turn more bullish.

cyatophilum

The bulls are getting less convincing, and it can be seen on the chart! I called it the Wing pattern, it can be added to the group of harmonic patterns. I expect a continuation until recent lows to make support.

cyatophilum

I have been watching EOS since it was forming an interesting bearish triangle pattern. At my surprise it broke out to the upside with a really huge candle, indeed this kind of pattern is usually bearish. The correction that followed the move is a good thing for buyers, they can see if the upper side of the triangle that acted as resistance can now become support,...

cyatophilum

I believe risk management is key, because sometimes, finding the perfect entry will not be enough. The market is what it is, and nobody can predict with 100% accuracy how the price will behave, even with all the great indicators we got out there. With that in mind, we should come prepared that the price will go against you, and we should take advantage of it,...

cyatophilum

Bitcoin is approaching his long term resistance. I would like to see a re-test of this area before calling for a breakout. We are still in the beginning of one of the biggest financial crisis, in a way that unlike the one in 2008, we have no real control over the problem: a virus. This is a bearish sign. Why would it go up then? My thoughts on this: - We are a...

cyatophilum

We didn't break this ascending channel and today we saw a 10% move up... this is quite bullish! Third attempt at completing a 17% profit long trade with the Supertrend indicator. What do you think?

cyatophilum

Altcoins are looking great. Good time to scalp longs. Here is my setup. BINANCE:LINKUSDT 15m (backtest below) On this coin, I use a Bollinger + RSI combo BINANCE:DASHUSDT 10m Here I use RSI pullbacks BINANCE:BNBUSDT 5m Here I trade Stochastic...

cyatophilum

By taking a step back, we can see that Altcoins have been struggling since early 2018, which is at the time of the global sell-off in cryptocurrencies after the 20k $ bitcoin rally. Now, 2 years later, Alts market cap is getting close to a double support : a first one ascending since 2015 who have not been broken since then. The second one is horizontal, who was...

cyatophilum

My test bot triggered a buy signal about one hour ago on Bitcoin: BINANCE:BTCUSDT It is good to see that we are in an Ascending Channel The SuperTrend reversed, the take profit target is 17%, which has been a good number in the backtests I made. The trade could have been filtered out by the ADX filter I included in the strategy but it was not, meaning we are in...

cyatophilum

Hello, just a prediction, no financial advice. I built the support and resistance using weekly closes, not wicks. Using the 50W EMA as a magnet and the RSI, I see the situation as bullish, but I might be FOMOing.

cyatophilum

Breakout of descending trendline. We have seen price range narrowing for a month. This is just how Bitcoin behaves: long sideway ranges then a huge move. Get prepared. 15 Min TA shows 2 bull flags.