BTC has downtrend structure with lower highs and lows + trading under all main Moving Averages. So I dont recommend to take any longs while we under 200MA .Bitcoin dont show any positive signs for me at the moment so I project fall to the next supports . First target can be about 7500$ and 7000$.
Longs only after breakout of trend line and moving averages
Ethereum tested 300$ lvl for 2 times. Breakdown of this resistance opens a free way to 350 $ and 400 $. Also much depends on BTC , so the positive dynamic easily promotes ETH growth but deep correction of BTC will push down ETH to 200$
We saw a small pull back on Bitcoin . Fast recovery means that fall is shakeout and we will expect upward movement to 10 k$
Weak recovery or going under 8 000$ may cause deeper correction and activating of public stops .
Now BTC showed green week . Lets find out is it market reversal or no?
Before this big candle BTC accumulated over 4 months and was really oversold . So I can call it a correction and implementation of accumulation.
We see strong sells from 6000 $ , it is strong resistance and breaking down this lvl on the first try is really low but it can be...
Now XRP is in strong buy area , but we have compression to this support which increases odds of its breaking down . Also we have local down trend which must be broken to look for buy points and of course this breakout must be with big volume.
Signs for up movement
1) Strong buy zone
2) Lows are getting higher
3) Must be breakout of local downtrend
4) Must be good...
Now Bitcoin is in flat between 3200 - 4200 . Price is approaching to the support . The probability of support breakdown from the first try is low but can be because of lowering of the highs . But I guess price will continue stay in flat . I dont trade BTC and other cryptos which highly correlated to BTC because of dirty movements in flat . Other predictions will...
We have a typical saucer reversal pattern . So I wait for TUSD pump or we can call it another USDT dump . I look at it only from technical analysis side . We have already had 2 pumps before and repeating wont be strange . Also such saucer pattern was before but it is larger so pump can be larger . I think it is easy profit because I am not risking anything but...
What do we have now ? Situation is really bad . Pump is going to be closed entirely . Fast growth began from 1 k $ and we can easily appear there because in 90% pumps are closed completly . You can check it on histories of every bubble.Mostly every coin droped more than 95% . So it can be with btc. A huge accumulation in 6k zone is traded downward now and this...
If ETH breaks down the support zone there is a high probability of going to 100$ and 50$ . We have the biggest volume ever on ETH , a bouncing was weak , and then it went under this volume so we can suggest falling down more and may be a first step of position accumulating by the big players .
1. WABI made 200% from the bottom ( good buyers interest)
2. A great accumulation in the middle of pump ,what means that buyers hold the lvl
3. Breakout of accumulation resistance with massive volume
4. Retest of accumulation and perfect buyout with one big candle on good volume
We have 4 bullish signs , and 1 bearish this is down trend in a whole...