π Wise Analyze π
π Daily Bitcoin chart review π As per short update made yesterday evening, Bitcoin is retracing to 11500-11535 support. If no volume there, drop lower to ~11385 / 11k. If no volume there good chances for retracement to 9600 starts (not in one day of cause).β¦
π Daily Bitcoin chart review π
Volume received on that drop should be enough to keep BTC above 11k for a while. Could be moving sideway, but we may also expect it to move up towards 11500 / 11640 resistance at some stage. But the trend is bearish, so now pumps are for selling. While Bitcoin moves down, dominance grow, so alts trades become less secure. Choose wisely.
4H: EMA21 at 11544 and EMA89 at 11640 act as dynamic resistance
π₯ 11654 - 11900 - 12150 - 12100
π© 11500 - 11385 - 11140 - 10900
π± Fear & Greed index: 76 (<= 75 <= 78 <= 76)
π BTC Dominance: 59.2% (<= 59.1 <= 59 <= 59.3)
βοΈ 24h Volume: $111 billion (<= 83 <= 83 <= 80)
Signals: πͺ Scalping π· Forex π¦ Twitter
Ref links: ByBit | Binance | FTX | KuCoin
@WiseAnalyze #BTC #Bitcoin (TradingView)
Volume received on that drop should be enough to keep BTC above 11k for a while. Could be moving sideway, but we may also expect it to move up towards 11500 / 11640 resistance at some stage. But the trend is bearish, so now pumps are for selling. While Bitcoin moves down, dominance grow, so alts trades become less secure. Choose wisely.
4H: EMA21 at 11544 and EMA89 at 11640 act as dynamic resistance
π₯ 11654 - 11900 - 12150 - 12100
π© 11500 - 11385 - 11140 - 10900
π± Fear & Greed index: 76 (<= 75 <= 78 <= 76)
π BTC Dominance: 59.2% (<= 59.1 <= 59 <= 59.3)
βοΈ 24h Volume: $111 billion (<= 83 <= 83 <= 80)
Signals: πͺ Scalping π· Forex π¦ Twitter
Ref links: ByBit | Binance | FTX | KuCoin
@WiseAnalyze #BTC #Bitcoin (TradingView)
Keep an eye on POA. Look very promising. Better buy on pullback, but you may also take profit in short term scalp on current impulse.
@WiseAnalyze #POA
@WiseAnalyze #POA
ARPA broken the downtrend and now consolidates in a sideway move. Buy the dips and hold for the next bullish impulse.
@WiseAnalyze #ARPA
@WiseAnalyze #ARPA
π₯Hyped coins review π₯
ATOM reached resistance left since June 2019. On one hand it draw a bull flag. On the other overbought and pretty far from moving averages (which is same as RSI overbought). Its not a buy signal - its a warning. I think we have two clear scenarios.
1) Breakout above 7670 will take it to 8560 / 9700. Possible to trade breakout, but with a risk to get into bull trap.
2) Break down below 6790 will pull it down to 5870 / 5300. I think waiting at these pullback zones should be the safest option.
@WiseAnalyze #ATOM
ATOM reached resistance left since June 2019. On one hand it draw a bull flag. On the other overbought and pretty far from moving averages (which is same as RSI overbought). Its not a buy signal - its a warning. I think we have two clear scenarios.
1) Breakout above 7670 will take it to 8560 / 9700. Possible to trade breakout, but with a risk to get into bull trap.
2) Break down below 6790 will pull it down to 5870 / 5300. I think waiting at these pullback zones should be the safest option.
@WiseAnalyze #ATOM
BNB still moves within 185 - 197 range. All the bullish news they throw act same way as multiple Ripple partnerships - do nothing.
Neutral scenario is that it pullback to ~190 and than bounce back to 197 with potential to cross it and grow higher. Bearish - return back to lower border.
@WiseAnalyze #BNB
Neutral scenario is that it pullback to ~190 and than bounce back to 197 with potential to cross it and grow higher. Bearish - return back to lower border.
@WiseAnalyze #BNB
π₯Hyped coins review π₯
LINK dips were bought which gives a signal that it should grow somewhere for whales to sell their bags. Not bullish, but upwards move should be the first one, before it can dump lower. Potential targets for that move 15.2 / 15.8 / 16.2
@WiseAnalyze #LINK
LINK dips were bought which gives a signal that it should grow somewhere for whales to sell their bags. Not bullish, but upwards move should be the first one, before it can dump lower. Potential targets for that move 15.2 / 15.8 / 16.2
@WiseAnalyze #LINK
Interesting how price bounced from the trendline we had on chart back in August 22nd update. That dump took it to 32831 and pushed back to 33550 support where it started consolidation in the first place. Last bearish engulfing ended up with doji. No agreement between bears and bulls. Same support zones in play - 33270 and 33550.
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@WiseAnalyze #ETH
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@WiseAnalyze #ETH
YFI seem to be good to pick on pullback from current impulse between 1.23 and 1.27.
@WiseAnalyze #YFI
@WiseAnalyze #YFI
π Wise Analyze π
π Daily Bitcoin chart review π Volume received on that drop should be enough to keep BTC above 11k for a while. Could be moving sideway, but we may also expect it to move up towards 11500 / 11640 resistance at some stage. But the trend is bearish, so nowβ¦
π Daily Bitcoin chart review π
First target from yesterday's review reached, BTC wicked up to 11548. No testing 11343 support. Volume is relatively low - if price stay above 11333, next move will be up to ~11450. After that either drop down to 11k support or breakout higher to second target from yesterday's review at 11640. That will be an important moment as downtrend can reverse from that height if stay above 11.5k. Dominance moves sideway, so despite the fact that some shitcoins pumped yesterday, situation is still rather dangerous and feels like a trap.
4H: EMA21 at 11515 and EMA89 at 11618 act as dynamic resistance
π₯ 11500 - 11650 - 11900 - 12150
π© 11385 - 11250 - 11080 - 10900
π± Fear & Greed index: 75 (<= 76 <= 75 <= 78)
π BTC Dominance: 59.1% (<= 59.2 <= 59.1 <= 59)
βοΈ 24h Volume: $92 billion (<= 111 <= 83 <= 83)
Signals: πͺ Scalping π· Forex π¦ Twitter
Ref links: ByBit | Binance | FTX | KuCoin
@WiseAnalyze #BTC #Bitcoin (TradingView)
First target from yesterday's review reached, BTC wicked up to 11548. No testing 11343 support. Volume is relatively low - if price stay above 11333, next move will be up to ~11450. After that either drop down to 11k support or breakout higher to second target from yesterday's review at 11640. That will be an important moment as downtrend can reverse from that height if stay above 11.5k. Dominance moves sideway, so despite the fact that some shitcoins pumped yesterday, situation is still rather dangerous and feels like a trap.
4H: EMA21 at 11515 and EMA89 at 11618 act as dynamic resistance
π₯ 11500 - 11650 - 11900 - 12150
π© 11385 - 11250 - 11080 - 10900
π± Fear & Greed index: 75 (<= 76 <= 75 <= 78)
π BTC Dominance: 59.1% (<= 59.2 <= 59.1 <= 59)
βοΈ 24h Volume: $92 billion (<= 111 <= 83 <= 83)
Signals: πͺ Scalping π· Forex π¦ Twitter
Ref links: ByBit | Binance | FTX | KuCoin
@WiseAnalyze #BTC #Bitcoin (TradingView)
Bitcoin growing towards next resistance at 11650, breaking the trendline.
@WiseAnalyze #BTC #Bitcoin
@WiseAnalyze #BTC #Bitcoin
Bitcoin hit 11600 resistance and bounced. Dominance knocking on 61.61 resistance "door". I'm holding signals for alts yet not to fomo into trades that may end up bad. Market is on a crossroad.
@WiseAnalyze #BTC #Bitcoin
@WiseAnalyze #BTC #Bitcoin
Update for ADA chart. It keep on retracing. Nearest strong support level is at at 850-900 range. I believe it will fall there before we may expect any proper bounce.
@WiseAnalyze #ADA
@WiseAnalyze #ADA
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MTL almost got to ~2980-3050 support. I hope it will get there before bouncing as I'm waiting for it there π But its very close to the bounce.
@WiseAnalyze #MTL
MTL almost got to ~2980-3050 support. I hope it will get there before bouncing as I'm waiting for it there π But its very close to the bounce.
@WiseAnalyze #MTL
Litecoin at 4990 support, but seems that it can fall lower to 4850 support zone. Before that we may see a small bounce to re-test ~5070 resistance zone.
@WiseAnalyze #LTC
@WiseAnalyze #LTC
Keep an eye on BCD. Seem to have found the bottom at ~6666 support. Might return back to ~7100, but in general look bullish.
@WiseAnalyze #BCD
@WiseAnalyze #BCD