CryptoBullet

CryptoBullet

We have been in a parabolic uptrend. The price went up a few hundred percent and we got parabola break . That's a significant signal that a major correction is on the way. Reversal candles at the top on the weekly are telling to be intermediate-term bearish. We've got a lot of downside from the current levels at least to 8.5-7.5k, where we have a bunch of...

CryptoBullet

This entire run up was unnatural . BTC ran up too high and too fast without significant corrections, which is a concern. Going exponentially this quickly and this early just endangered the low being in. When markets go exponential, they become unsustainable. And when they correct, things end very badly. Going from 7k to 14k so quickly actually endangered...

CryptoBullet

The weekly chart looks very bad. We see reversal candles with long upper wicks rejected severely from the 0.618 Fib . We didn’t even get above the 0.5 Fib on the closing basis. That’s pretty bearish signs . We are breaking the rising trend line which has been keeping intact since the week of March 25th. Also pay attention to the 7-Week Moving Average ....

CryptoBullet

LTC has been moving inside an ascending channel for 7 months and now it’s testing the support. On the 4h chart we see that LTC is being squeezed between the ascending channel support and that local declining trend line. This thing is going to explode. Which direction? Here is something to consider: Death cross between 50 & 200 EMAs after a tremendous...

CryptoBullet

This weekly cloud is absolutely fascinating! It tells that a couple of weeks ago the trend turned long-term bullish & also it can tell that enormous pull back could happen and the long-term trend would stay bullish. Notice how this last pullback almost perfectly found support at the cloud . That is very interesting. It's just so amazing how it works. Last...

CryptoBullet Updated 

The weekly candle closed as a classic reversal candle with long upper wick & very little lower wick on an extremely high volume. The shape of that candle is not good at all and signals buyer exhaustion. Look at that wick. Have you ever seen such a long wick relative to the body? Actually YES ! Let's have a look at the week of February 5th of 2018. And pay...

CryptoBullet

The weekly chart closed very strong. Like we said in previous BTC analysis, after breaking that 0.382 Fib at 9400, we skyrocketed to the area we pointed with the arrow. Why that area is so important? It's a strong horizontal level of resistance + 0.5 Fib. If BTC breaks and closes above 0.5 Fib (~11 500), it's almost open air to the upside to 0.618 Fib at...

CryptoBullet

BTC had a very strong weekly close printing a bullish engulfing candle. Back in 2017 this led to continued uptrend. So, this morning’s action is showing signs that that BTC will be going higher. We managed to call the top on that doji candle and TD-9 just perfectly. There were many reasons to reverse there (0.382 Fib, doji at the top & TD-9 sell). And we...

CryptoBullet Updated 

This giant multi-year Falling Wedge is looking just terrific. We are at the last big support zone & we are coming to the apex. Current weekly candle is a TD-9 buy. Nice entry point. Targets on the chart But here is the thing: STRAT looks extremely promising mid-, long-term (since the falling wedge is on a pretty large scale), because the breakout of it is gonna...

CryptoBullet

NEO/BTC is forming an ascending triangle . NEO many times bounced off of the rising support of the triangle, constantly creating higher lows . The ceiling was tested many times, so next time 0.00163 expected to fail. Targets for a breakout to the upside on the chart Breaking down invalidates the pattern. Always practice risk management. ...

CryptoBullet

POLY/BTC chart looks really interesting. Look at the volume profile: we are at the highest volume node; the point of control has been retested so many times that it seems once we surpass it, the firework will start. Some hot news could easily drive it. CMF & RSI show strength on the daily Volume increase while trading in a tiny trading range, which testifies...

CryptoBullet

ENJ/BTC Looks like it has found strong support at the 0.786 Fib in the form of a Double Bottom Needs to close above the 200-Day MA Targets on the chart If you like the idea, please, do hit the Like button and subscribe to the profile in order not to miss our updates! The information given is never financial advice. Always do your own research.

CryptoBullet

200 MA on the 4h chart turned out to be a really strong support (currently at ~7580). Just few minutes ago it was tested again. If we loose this level, we are going to accelerate down since there is no support. It's open air utill 6-6.5k area. What about resistance? Level at 7900 is a really tough resistance. The next strong resistance is at 8200. There is...

CryptoBullet Updated 

ONE/BTC is about to complete the Cup & Handle pattern. Wait for a breakout. If the resistance at 330 breaks, get ready for the targets! If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates. The information given is never financial advice. Always do your own research.

CryptoBullet Updated 

Since the correction is coming, it can start with the rising wedge breakdown. In order to avoid a nasty outcome, we should stay above 8400 . Otherwise the rising wedge targets here we come! If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates. The information given is never financial advice....

CryptoBullet

We broke right through the high volume nodes. Firstly at 4k, than at 6k and finally we worked our way through the last major high volume node at 8k. So, that tells us that we are above the major areas of horizontal resistance . This is very intriguing. Pay attention to that breaking through the high volume nodes is confirmed by the green buying volume bars. Also...

CryptoBullet

That's what we are lookung at right now. We think ICX is a sleeping giant. The project really has strong fundomemntals. The chat is showing a good entry point this week since we are on the 9 buy weekly candle and trying to challenge the descending channel resistance. Targets for the breakout on the chart