When and if eth dips here, there are 2 prime long opportunities, 245 and 233 if you get lucky with a wick. 245 is the 38,2% retracement from the breakout at the 200 daily ema and that's more often than not how much it tends to retrace in similar scenarios. And 233 is the level that eth must maintain on the weekly if it is to aim for new highs. 0,5fib level and...
This ain't gonna pump yet. Time to retest support.
This move will stop around 11800, 12500 max if you are lucky. Volatility will keep contracting on higher time-frames before the big move. Market will get boring for a couple months, traders will get shaken out and pattern targets will fall short of expectations. Only after dull moves become the norm and volume dries up, will it grind up and break 14k. Who knows...
Multiple things going on to not long here. Rsi trendline retest, higher TF's bullish, no indication of a top as volatility isn't extremely high. Longed the dip @9810, watching reaction at 10200 if it breaks, I will scale out 33% at 10500, rest at the red boxes. I will short 11900-11500 heavy on first pass. But i don't think we even get above 11k on first...
Eth is gradually turning the macro around.Obviously the big level to watch from now on is breaking $360-400 on a weekly basis, but that's quite far down the line. Currently, while it does seem a bit overextended here, it won't necessarily correct yet, but if it does I'd pick up a long around $200.Golden cross is imminent, and the market tends to gravitate towards...
The charts are clear, beras shall receive no quarter. 3x long, sell at 169 and reload at 132 This is not financial advice.
The recent rally got rejected at the 200 daily ema and now the market is in a no trade zone. BTC bulls have a legitimate opportunity to change the macro trend again. The ema setup is very similar to April 2019, as there's a potential golden cross on the daily and if price keeps this level then it will occur in the next 6-7 days. All btc has to do to convince me...
Very aggresive downtrend with no bounce in the last couple days. Matic is bouncing between horizontal s/r. It's flagging out now, expecting a retest of 350 sats by June 15th.
Neo is struggling to get into an uptrend, and probably put in a bottom here. Buying the reclaim of daily 21ema, expecting it to flow towards 235500 sats over time. This is a high market cap shitcoin so it will take some time to move, I think there are definitelly faster movers like chainlink or matic, but they do carry more inherent risk than tried and tested Neo.
Fet broke out after a long consolidation , volume is alright and it hit the first resistance at 2340s. I will re-long the retest of 2150~ or the retest of the 21 ema on the h1 (yelow line). Also 21 ema on the daily is around 2200 so wait for a close above it for a higher probability trade. Targets are : 2340 and 2600
Just publishing to look back at, I see that a lot of retail people are stuck on shorting on auto-pilot since the last rally to 7.4k and break of 6000, and market movers are capitalising on that. I would never have guessed 2 weeks ago, but this could very likely reach 5800-6000 in a wick. Although there's a lot of bullish presence and every dip is being bought up,...
BTC didn't have much demand over 4k and when it failed to breakout over the last local highs of 4045, it dumped 100usd. It retested and defended the 89 1D ema and the lows of the last days, which make a retrace to the daily highs, a high probability play.
Hello, this is a brief idea on why I am bullish for BITFINEX:BTCUSD . I actually trade on deribit at the moment but I monitor what happens on bitfinex/gdax and bitstamp closely. I saw the bulls coming in force to defend 6330 today and actually bitfinex achieved momentary price parity with gdax at around 6323, earlier today. This is the first time it has done so in weeks.