🐝 BTC UPDATE

The price didn't dump further after the recent fall to $9450. Current priority is to test the $10000 point. At the moment we closed the SHORT and stay with no position. Just observing.

📍 #XTZ & LINK UPDATE

Both of these assets are in the ascending channel, which is definitely not a bullish sign. Wait until the price reaches the resistance of the channel, then SHORT.

If you want to play safely - SHORT only after support's breakdown. Why so? Because #TEZOS will reach the channel resistance only after $2.771 is broken. And #LINK will reach the channel resistance only after $3.89 breakout.

twitter.com/Robert_Klondike/status/1262688278152708104

BITMEX IS DOWN.

Waiting for comments.

UPD - Came Back to Normal Work

♾ You can open Bitmex website, but the exchange itself still doesn't work. Waiting for the GAP on the price chart when the work will resume.

We trade on Bybit (and advice you to do the same). Currently stay with no position, will open one after Bitmex come back to normal work.

BItmex came back online, however no new orders can be placed until 13:40 UTC. Funds are safe. No liquidations. Keep calm.

🧵 #LTC UPDATE

Litecoin broke the descending (bullish) channel upwards and now is consolidating above the one. The setup is short-term. Targets are $46 and $46.55.

Then, after at least one of these targets will be reached, the chart will form a double top pattern. So, you can catch short-term LONG now or wait and then catch a good SHORT position.

🧵 #BNB UPDATE

Binance Coin broke upwards through the descending channel resistance. However, the coin is overbought so we expect a divergence to appear on RSI chart soon. From current points expect to see some flat movements.

We will follow it, so if something interesting happens - would notify you.

🧵 #XRP UPDATE

There is an ascending wedge - bearish pattern.

However, there is an ascending triangle which usually breaks upwards. So, if there is a growth above the $0.208 level, we would see an upward impulse.

In sum - as long as the price remains below the red level, the priority is downwards to the mentioned supports.

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🏁 #SPX UPDATE

Perfect. The retest was positive, so the next station is 3075. It's hard to believe in it from the fundamental side, but from the technical side it's logical.

🐝 BTC UPDATE - TRADING INSIDE THE CHANNEL (Full Version On TradingView)

The previous idea with ascending channel is still valid. The main thesis of SHORTing Bitcoin after support's breakdown is actual. In this idea we want to consider a more detailed picture.

First of all, we took a bold decision and draw an arrow to $10570. Why did I call it "bold"? Because as long as we stay below the $10000 point, the priority remains downwards. However, there are several reasons WHY it will be broken:

1. The third approach to resistance is usually the last, cause at the third time the resistance is usually breaks
2. Downward rollbacks are weaker and weaker with every new one
3. The price formed an ascending triangle which should be broken upwards

Link to the TradingView idea (full version, advice to read a second half of the post there): https://www.tradingview.com/chart/BTCUSD/7hsgjsS1-BITCOIN-Trading-Plan-inside-Ascending-Channel/

CME open interest continues increasing and hit a new ATH of $1.8B

📍#CTSI

This altcoin is growing very hard. At the moment the price is correcting inside the triangle with the flat resistance. Moreover, there is a descending resistance.

Advice you to place buy orders slightly above the mentioned resistances. If they are broken - nothing will stop the price from growing.

📍#XTZ & #LINK UPDATE

They almost touched mentioned resistances, but $BTC dumped and ruined the part.

Well, for now we're waiting for channels breakouts, then will enter the SHORT position.

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🏁 #CTSI

The price reached 2/5 targets in less than 12 hours. We got up to +10% profit from this trade. Still holding this position.

📍 #IOTX

Here is the falling wedge. Moreover, from the fundamental side there is a Mainnet launch at the first of June. Theta and TFuel pumped hard thanks to the such news.

Entering now and after descending resistance breakout. Targets are on the chart

🐝 BTC UPDATE

The price bids inside the almost horizontal channel, it is slightly ascending. Local priority is to grow upwards from the channel
support and $9270 support.

Scalping is very risky now, always move stop losses into break even as early as you can. The first target is $9570.