Good morning everyone.
The dump occurred early this morning, and the price is now slightly below entry.
The bias here is clearly bearish in my opinion. We can see the huge difference in volume during this mornings dump compared to last nights pump.
Also, it's a good sign for the bears when previous resistance areas fail to act as support after they are broken, as was the case here.
My most likely scenario would be a dump toward the support line of the channel at $9000, followed by a pump (ideally very weak), and then a breakdown from the ascending channel, which would cause a accelerated decrease.
@JOE00Support
The dump occurred early this morning, and the price is now slightly below entry.
The bias here is clearly bearish in my opinion. We can see the huge difference in volume during this mornings dump compared to last nights pump.
Also, it's a good sign for the bears when previous resistance areas fail to act as support after they are broken, as was the case here.
My most likely scenario would be a dump toward the support line of the channel at $9000, followed by a pump (ideally very weak), and then a breakdown from the ascending channel, which would cause a accelerated decrease.
@JOE00Support
Market is too dangerous to enter new positions...im waiting for good conditions. Enjoy some time off the exchanges while I read the charts 😁
I think someone asked me about SXP recently.
It has reached my area of interest at $0.80 (check reply), and really looks to have completed a bearish impulse, or is in sub-wave 5 of wave 5. So I think it should begin correcting upwards soon.
But, with the possible BTC decrease, I would wait for some confirming action first before attempting to long.
It has reached my area of interest at $0.80 (check reply), and really looks to have completed a bearish impulse, or is in sub-wave 5 of wave 5. So I think it should begin correcting upwards soon.
But, with the possible BTC decrease, I would wait for some confirming action first before attempting to long.
WABI Update: Posting this chart on demand.
Wabi broke down the previous support Level. Since we are accumulating these coins for mid term in our Spot wallet. This 2 hour chart looks Bullish and we can expect a bounce here. Also trading under a long term falling wedge channel which is generally buillish in nature.
Once BTC starts to trade It will start rallying upwards.
Stay tuned
Wabi broke down the previous support Level. Since we are accumulating these coins for mid term in our Spot wallet. This 2 hour chart looks Bullish and we can expect a bounce here. Also trading under a long term falling wedge channel which is generally buillish in nature.
Once BTC starts to trade It will start rallying upwards.
Stay tuned
People ask me when will alts season start. I don't know. But as I wrote above, alts are at the bottom. And today I monitor a lot of shitcoins big buys, which might be a sign of whales trying to reverse them and push up. Just check out what DUSK done. Its a day chart, but that whole 95% distance was covered within 5 minutes time 😂
You may check other charts that also received whales attention today - DASH, WAVES, HC, AVA, MATIC, IRIS..
@AllTimeHighTraders
You may check other charts that also received whales attention today - DASH, WAVES, HC, AVA, MATIC, IRIS..
@AllTimeHighTraders
Do you use stop orders?
If you don’t, give them a try and see if they can fit into your trading plan.
A buy stop can be described as placing an buy order above market price which will be executed once that price has been hit.
A sell stop can be described as placing a sell order below market price which will be executed once that price has been hit.
If you don’t, give them a try and see if they can fit into your trading plan.
A buy stop can be described as placing an buy order above market price which will be executed once that price has been hit.
A sell stop can be described as placing a sell order below market price which will be executed once that price has been hit.
HUGE NEWS! For the first time EVER we are running a discount on the Team Underground VIP channel!
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Currently you get 25% discount on the 3 month subscription plan, meaning you'll get access to the channel all the way until January of 2021! The discount will only be active for 72 hours, so be quick! After this it'll be unlikely we're going to run a discount anytime soon!
Make the wise decision here!
Join VIP through https://t.me/JohnBrownSupport
For questions reach out to me here: @ https://t.me/JohnBrownSupport
Proof of trades:
It looks like the bull run about to go CRAZY and this may be the moment for you to make LIFE CHANGING WEALTH!
Are you prepared for what is about to come? I am. I've been waiting for this for 2 years now. And the best thing is I'll keep all my VIP members updated DAILY throughout the next cycle!
Join VIP and reap all the benefits we offer! In the VIP channels you see exactly what steps I take before I enter a trade & how I predicted the recent major Bitcoin breakout!
The last 3 trades have been doing EXTREMELY well:
🚀 50%+ on a Bitcoin short (CLOSED)
🚀 225%+ on a Bitcoin long (CLOSED)
🚀 54%+ on a Bitcoin long (OPEN)
TOTAL: 329% PROFIT
🔥All of those trades were posted REAL-TIME inside the VIP channel. 🔥
Currently you get 25% discount on the 3 month subscription plan, meaning you'll get access to the channel all the way until January of 2021! The discount will only be active for 72 hours, so be quick! After this it'll be unlikely we're going to run a discount anytime soon!
Make the wise decision here!
Join VIP through https://t.me/JohnBrownSupport
For questions reach out to me here: @ https://t.me/JohnBrownSupport
Proof of trades:
Telegram
John J Brown
J.Brown... Bitcoin Bitfinex Bitmex Whale.
Keep an eye on COMP. Testing 95 resistance for the third time. The more times SR zone is tested, the weaker it becomes. In case of breakout price can pump to 98-99 resistance zone.
https://t.me/JohnBrownSupport
https://t.me/JohnBrownSupport
Telegram
John J Brown
J.Brown... Bitcoin Bitfinex Bitmex Whale.
Morning everyone.
Long update since I was away in the weekend.
BTC reached its monthly close, barely failing to reach its highest close ever, which was on Jan 2018.
The price is trading inside a long-term resistance level at $13,800.
While tech indicators are still bullish, the monthly RSI has generated bearish divergence, so I'm being very careful.
Long update since I was away in the weekend.
BTC reached its monthly close, barely failing to reach its highest close ever, which was on Jan 2018.
The price is trading inside a long-term resistance level at $13,800.
While tech indicators are still bullish, the monthly RSI has generated bearish divergence, so I'm being very careful.
Shorter-term chart, another double top and an ascending parallel ascending channel, combined with even more bearish divergence.
Channels are often corrective, and a breakdown from the channel would likely accelerate the rate of decrease (The price has broken down from the middle of the channel since the image).
Support line of the channel is at $13.2k.
Channels are often corrective, and a breakdown from the channel would likely accelerate the rate of decrease (The price has broken down from the middle of the channel since the image).
Support line of the channel is at $13.2k.