Bat inching up to it's long term resistance . been consolidating for near on 2 years now i am expecting it to break at some point and with the shitcoin markets heating up a heap right now , now could be the time.
This is a longer term play for me so i already own some , but will be adding even more on any good weekly/monthly close above these levels and won't be...
Neckline break + 100/50ma break will be a good entry ,
Added with the 50 also most likely crossing above the 100 in the next week or earlier if the break up occurs sooner
Targets at the horizontal resistance area highlighted plus the daily 200sma .
Daily death cross on $HEAR
Easy stops around 18+ / or htf closes above 50/200 moving averages
Had a nice run last year , still think it has more to fall especially if the market stays like this.
Take profits from $10
Books are thick down to 4k (mex ) hopefully we get another dip to low 4's and another hold , i am long and adding with stops under 4k
Would love to see it play out and break above 4400 for the weekly close in 2 days
Targets are 5k then 5.4k
Stops under 4K
3d death cross is potentially coming up with price nicely underneath both MA's , an awesome short entry once again with a nice easy low risk stop above the 3d 50sma , targets are still the same logical spots 4500-5k then down in the 3's if that fails .
If price doesn't break down with this cross then i will start getting more neutral on bitcoin. (could still be...
Still looking for same targets as my last trade but will be taking profits on the way down below 6k -
4500-5000 before i am interested in longing .
Stops above 8500 / also semi bullish above there . but waiting for 10k+ before i am full bull.
Broken below the weekly 50SMA , and can't reclaim it . for now .
If it breaks below 7k i expect between 4500-5k , (will reevaluate if/when price get's closer)
Reason for the 4500-5k zone being the weekly 100SMA + The long term .786 Fib and also strong horizontal support zones.
high time frame close above 7800 (weekly 50sma) will likely produce a decent rise...
Crypto USD pairs are still in a heavy downtrend which i think are on the brink of accelerating faster downwards .
XRP has next to no support once 0.55 breaks , until about 0.40 and stronger support around 0.27 -0.30 .
Shorting while sitting on support isn't the smartest thing to do , so i'll be waiting for confirmation before hand .
( while watching eth/btc/ltc...
Looking for a bounce on bitcoin within the next week hopefully back up into a death cross , where i will be shorting heavily with stops above top trend or high timeframe closes above the 50/200sma's
Targets around $4800-5000
Satoshi said it himself bitcoin will be a number of boom and bust cycles , sucking in people every hype cycle through fomo and spitting back out the non believers
while keeping a whole new batch of believers for the next run.
Producing more and more holders each cycle creating less upside resistance until we finally reach hyperbitcoinization .
It's rung true...