gustavobalor

gustavobalor

Eth formed a bear flag, broke down the channel and now is retesting the support line, I’m bearish on ETH until he brakes this resistance.

gustavobalor

As a result of an artificial pump, waves dumped back to 32-36 range, just under this range that are the psychological e Fibonacci resistance around $30. I’ll be placing a limit order at 31.6, with stop loss at 29, it may not fill the order, but if it does, we have much a better risk/reward. It’s up to you to decide. If stop loss is hit, next supports to place buy...

gustavobalor

As you can see in the chart: ETH/USD formed a high, then corrected for a low, set a new higher high, a higher low and what’s next? It’s very probable that we’ll see a lower higher forming on the weekly, under the psychological resistance of 4000, so 3700-3900 range it’s a good area to place short orders. It’s is also possible that our weekly lower high had already...

gustavobalor

Watch out for the possible bear, if it breaks, I believe it will go to the low's 3500 range. You can choose to place a limit order at this range, or open a short position after confirmation. I won’t choose the second option because of the bullish divergence and because RSI is at oversold zone (or near) for a long time now.

gustavobalor

Clear divergence at oversold area. Great opportunity to buy, I’ll be placing my stop loss at 3480. I like to place targets by percentage sometimes, first one with 2% profit, second one 4% and so on and on

gustavobalor

Possible Head & Shoulders forming, but it also can be a Double bottom or even a Triple bottom. As I’m bullish in the crypto market right now, my bet is for the second scenario. Stop loss should be placed at $21.9, blow the possible neckline

gustavobalor

I’ll be buying right now, at the support of the trend line, but wait for confirmation it’s wiser, which is the double top in the chart. I’ll be placing the SL right below the last swing low, at $16.3. Low risk trade with tight stop loss.

gustavobalor

Opened a short at $7.9. Bearish Divergence + Psychological resistance.

gustavobalor

Personally, I’m long on this one, but, it’s perfectly possible to see I break down, for that scenario, I placed a limit order at $1.162, which is a important fibo support, so don’t FOMO all in at the current, I suggest you to enter with 45% of the order at current market price, and 55% at the support suggested. For example, if you’re going to use 10 bucks in this...

gustavobalor

Here’s a short idea not based on technical analysis: Look at the amount of moon boys on every social media, all of them just praying, claiming that will became crypto millionaires easily investing a couple of bucks into a meme coin, as shiba defines itself, a meme coin that it’s already in top10 market cap. Another week point it’s the quality of the arguments of...

gustavobalor

Also, taking a look at LTC/BTC daily chart, you see that LTC is oversold. Personally, I don’t like LTC, but technically, it’s interesting to open a position at this moment.

gustavobalor

ONE/USDT Entry: Current market price- $0,22479 Target 1: $0,21 Target 2: $0,202 Target 3: $0,191 Target 4: $0,179 Stop Loss: $0,26

gustavobalor

Btc failed to break 50.5k for the third time, forming a triple top. It doesn’t mean I turned bearish, I believe we’re gaining some momentum to break it, but I took some profits and opened a short just in case we make a correction

gustavobalor

Inverse Head and shoulders forming on the 4hr time frame to break the previous high

gustavobalor

4hr Chart showing inverse head and shoulders. Wait for confirmation (break of the neckline) to long, or invalidation to short.

gustavobalor

Price got a rejection from the most recent lower high. We must set a higher and then a higher higher high

gustavobalor

There’s a wide bearish divergence in the 1hr time frame. Also, in the 4hr chart the RSI is overbought. The combination of this two factors make it almost impossible that price will go up now. High quality technical analysis consists on the combination of multi signals

gustavobalor

Wait for a breakout to make your decision. My opinion is that we are more likely to breakdown then (it’s a descending triangle, of course, but that’s not the only reason, if we look on bigger charts we are also on a down trend). I believe we have a 60% chance to have a red day