#BTC
💭 Opinion on the Bitfinex situation:
There have been several signs from the TA perspective that price was topping out naturally. The news acted just as a catalyst to bring the price down and finally test 5k.
When the price is exhausted, the smallest piece of news can set it off. The market had already been going down for 1 day before the news broke.
"As a short term trader, should I buy the dip yet or not?" Not yet. There are small chances that 5k is gonna hold the price. Would not recommend to try to catch this falling knife.
The daily RSI finally broke down the channel, which we've been anticipating.
On the weekly chart we got rejected by 50-Week MA and we're not gonna pass it this week for sure. This can set off a full long pullback as low as to 4k, and if the price doesn't bounce strong off 4k area, BTC is in trouble. For continuation to 6k bulls must maintain 4650-4800 zone.
⚠️ One more thing to consider: BTC Longs on Bitfinex are at the lowest level since the 31st of December 2017 (!) while BTC Shorts are sharply rising.
💭 Opinion on the Bitfinex situation:
There have been several signs from the TA perspective that price was topping out naturally. The news acted just as a catalyst to bring the price down and finally test 5k.
When the price is exhausted, the smallest piece of news can set it off. The market had already been going down for 1 day before the news broke.
"As a short term trader, should I buy the dip yet or not?" Not yet. There are small chances that 5k is gonna hold the price. Would not recommend to try to catch this falling knife.
The daily RSI finally broke down the channel, which we've been anticipating.
On the weekly chart we got rejected by 50-Week MA and we're not gonna pass it this week for sure. This can set off a full long pullback as low as to 4k, and if the price doesn't bounce strong off 4k area, BTC is in trouble. For continuation to 6k bulls must maintain 4650-4800 zone.
⚠️ One more thing to consider: BTC Longs on Bitfinex are at the lowest level since the 31st of December 2017 (!) while BTC Shorts are sharply rising.
⚠️ Temporary Tether collapses have never evolved into something serious, but it doesn't mean that one day Tether will not be shut down.
📌 What's important here is not to sell fear just because of rumors or lies being presented as fact.
[ Same with Crypto bans. People report the same country is banning Crypto about once a month ]
It's clear that stable coin shouldn't have so much controversy. We all fed up with regular FUD around Tether.
That's why we've constantly asked you to be cautious with USDT. Fortunately, there are other stable coins to use.
📌 What's important here is not to sell fear just because of rumors or lies being presented as fact.
[ Same with Crypto bans. People report the same country is banning Crypto about once a month ]
It's clear that stable coin shouldn't have so much controversy. We all fed up with regular FUD around Tether.
That's why we've constantly asked you to be cautious with USDT. Fortunately, there are other stable coins to use.
📈 Impressive up move from BTC
Very important is how the week will close.
50-Week MA was very critical for the price in 2014, 2015 and 2018.
If we close above it, then we're likely going to make a run to that resistance zone marked on the daily chart.
Very important is how the week will close.
50-Week MA was very critical for the price in 2014, 2015 and 2018.
If we close above it, then we're likely going to make a run to that resistance zone marked on the daily chart.
#BTC
📌On the daily chart BTC has been moving in the ascending channel. Currently we are at the upper resistance line and in the zone of resistance, and looks like we are overcoming it as it’s not the first time BTC tries to challenge it.
Now let’s take into consideration some facts:
- Major resistance level is coming up for BTC
- Volume tells we might be running out of fuel.
- Bearish div on the RSI
So, bears are still alive. And could even test the support of the channel.
❗️Keep in mind: We are not in a bull run yet (because you can’t have a bull run with declining moving averages on the weekly)
📌On the daily chart BTC has been moving in the ascending channel. Currently we are at the upper resistance line and in the zone of resistance, and looks like we are overcoming it as it’s not the first time BTC tries to challenge it.
Now let’s take into consideration some facts:
- Major resistance level is coming up for BTC
- Volume tells we might be running out of fuel.
- Bearish div on the RSI
So, bears are still alive. And could even test the support of the channel.
❗️Keep in mind: We are not in a bull run yet (because you can’t have a bull run with declining moving averages on the weekly)
CryptoBullet
📈 Impressive up move from BTC Very important is how the week will close. 50-Week MA was very critical for the price in 2014, 2015 and 2018. If we close above it, then we're likely going to make a run to that resistance zone marked on the daily chart.
Previous week closed above the 50-Week MA, now we have a full candle opening above the MA even though we are in the beginning of the week. That is bullish. Bulls need to break 100-Week MA. Failure to breach it will result in a nasty pullback.
#BTC
Bulls are still in control smashing resistance levels one by one. Tremendous level of resistance starts at 6100, so we are pretty much intrigued.
Oh, also we are now six days away from Consensus 2019!😏
What a coincidence that we are coming up to the major resistance these days, right?
It's premature to say that the channel resistance is broken, because we haven't closed the daily candle. ( We have little concern about the current daily candle because now we are on a TD-9 sell )
📌 Now price is only testing the top of the channel. If we breakthrough then things will get even more exciting, because then the target for the breakout will be 6430, which is in the resistance zone & very closely in line with the 100-Week MA.
🎯 Having said that, looks like Bitcoin is heading to at least 6130. But don't get overexcited. As of now we don't see it pass 6.5k (100-Week MA). The pullback is coming.
Bulls are still in control smashing resistance levels one by one. Tremendous level of resistance starts at 6100, so we are pretty much intrigued.
Oh, also we are now six days away from Consensus 2019!😏
What a coincidence that we are coming up to the major resistance these days, right?
It's premature to say that the channel resistance is broken, because we haven't closed the daily candle. ( We have little concern about the current daily candle because now we are on a TD-9 sell )
📌 Now price is only testing the top of the channel. If we breakthrough then things will get even more exciting, because then the target for the breakout will be 6430, which is in the resistance zone & very closely in line with the 100-Week MA.
🎯 Having said that, looks like Bitcoin is heading to at least 6130. But don't get overexcited. As of now we don't see it pass 6.5k (100-Week MA). The pullback is coming.
So Binance hacked for 7000 Bitcoin worth almost 42 Million Dollars prompting BTC & ETH to dump instantly. Strange coincidence with Bitfinex and Tether FUD, isn't it? As soon as market tries to recover these Black Swans take it down.
These were the Black Swan events everyone has been waiting for 1 year now. All done and dusted. Bitcoin makes the news. News don't make Bitcoin moves. But we would relax on saying the storm is over.
⚠️ Regarding the Binance Hack and all that #SAFU crap. This hack is a pretty dark story & it was never an IF, its a when was going to happen. NOT YOUR KEYS, NOT YOUR COINS
What's interesting, TA predicted the dump fueled by the hack news. Yesterday long before the news broke we said that we had little concern because of the daily TD-9 sell. Then the price dumped by $200 turning daily candle into a shooting star.
❗️Notice the pattern: Bitcoin stopped caring about bad news and keeps moving up after the Tether FUD and Binance Hack.
These were the Black Swan events everyone has been waiting for 1 year now. All done and dusted. Bitcoin makes the news. News don't make Bitcoin moves. But we would relax on saying the storm is over.
⚠️ Regarding the Binance Hack and all that #SAFU crap. This hack is a pretty dark story & it was never an IF, its a when was going to happen. NOT YOUR KEYS, NOT YOUR COINS
What's interesting, TA predicted the dump fueled by the hack news. Yesterday long before the news broke we said that we had little concern because of the daily TD-9 sell. Then the price dumped by $200 turning daily candle into a shooting star.
❗️Notice the pattern: Bitcoin stopped caring about bad news and keeps moving up after the Tether FUD and Binance Hack.
⚡️📰 Breaking: Facebook relaxes its ban on cryptocurrency and blockchain related ads.
According to a Wednesday update released by the company, ads related to blockchain technology, industry news, education or events related to cryptocurrency can now be displayed on Facebook without prior approval.
Users are still required to get pre-approval for ads promoting cryptocurrencies, however.
According to a Wednesday update released by the company, ads related to blockchain technology, industry news, education or events related to cryptocurrency can now be displayed on Facebook without prior approval.
Users are still required to get pre-approval for ads promoting cryptocurrencies, however.
📉 ADA free fall in a descending channel caused huge liquidations on BitMEX.
💡Would suggest that ADA is going to pump like crazy sometime in the next couple weeks - watch this one closely. Right now it's a Falling Knife, let's see where it lands. Current daily candle is a TD-9 buy and we are on a strong horizontal support. High time to bounce.
⚠️ Catch falling knifes is very risky, so please, practice risk management.
💡Would suggest that ADA is going to pump like crazy sometime in the next couple weeks - watch this one closely. Right now it's a Falling Knife, let's see where it lands. Current daily candle is a TD-9 buy and we are on a strong horizontal support. High time to bounce.
⚠️ Catch falling knifes is very risky, so please, practice risk management.
🚀 BTC smashes through the major resistance & almost reaches $7000. But we haven’t got a significant pullback yet. So when ?
Here’s the thing: when the market is majority short, there's too much money to be had to allow them to win. Whales keep buying up the market until the shorts get liquidated. At liquidation the short seller has to buy back at market price.
❗️As it's an exchange driven game, no real investors are buying into the rally.
So look for the Bitfinex shorts and the BitMEX funding rate to go positive.
Here’s the thing: when the market is majority short, there's too much money to be had to allow them to win. Whales keep buying up the market until the shorts get liquidated. At liquidation the short seller has to buy back at market price.
❗️As it's an exchange driven game, no real investors are buying into the rally.
So look for the Bitfinex shorts and the BitMEX funding rate to go positive.
CryptoBullet
📉 ADA free fall in a descending channel caused huge liquidations on BitMEX. 💡Would suggest that ADA is going to pump like crazy sometime in the next couple weeks - watch this one closely. Right now it's a Falling Knife, let's see where it lands. Current…
🚀 ADA is pumping
Two days ago we attracted your attention to ADA. According to our analysis ADA was going to bounce strong. And guess what? Today ADA makes +13%!
Two days ago we attracted your attention to ADA. According to our analysis ADA was going to bounce strong. And guess what? Today ADA makes +13%!
CryptoBullet
Our opinion on #Ethereum: we really can't justify shorting a chart that looks like this. ETH/USD looks stupendously bullish right now. Triangle target is $230. 🎯 Conservative target always will be $200 for ETH.
🚀🎯 ETH/USD conservative target reached! We called it at $166 here. So, by following this trading idea you could make +20% today 💸
Hope you followed our recommendation and made a good profit.
Hope you followed our recommendation and made a good profit.
Bitcoin Dominance is now at 17 Month High around 62%.
🎯 The target of the channel breakout is almost reached. As long as resistance holds, BTC paired ALTs can recover 20-40%, but if it breaks higher than we'll meet the Bullish flag target, which is way higher.
High chances right now we are seeing the temporary top of BTC dominance.
[ Usually BTC dominance going down means Altcoin party. This is expected to take place within the next 15 days ]
💡 Last time BTC dominance was so high (Dec. 2017) we’ve seen insane Alts rally. It may not that big this time, but money going to alts will make substantial rallies.
⚠️ Bull divs everywhere on alts.
🎯 The target of the channel breakout is almost reached. As long as resistance holds, BTC paired ALTs can recover 20-40%, but if it breaks higher than we'll meet the Bullish flag target, which is way higher.
High chances right now we are seeing the temporary top of BTC dominance.
[ Usually BTC dominance going down means Altcoin party. This is expected to take place within the next 15 days ]
💡 Last time BTC dominance was so high (Dec. 2017) we’ve seen insane Alts rally. It may not that big this time, but money going to alts will make substantial rallies.
⚠️ Bull divs everywhere on alts.
So, Binance allows deposits & withdrawals on Tuesday (May 14th). Just remind you that Consensus 2019 Conference will take place from Monday, May 13 to Wednesday, May 15.
WHAT A COINCIDENCE !
🚀 Expecting alts to bounce... the timing is perfect with Consensus, great time for alts as they have found their bottoms.
WHAT A COINCIDENCE !
🚀 Expecting alts to bounce... the timing is perfect with Consensus, great time for alts as they have found their bottoms.
The last time Bitcoin broke $8000:
Microsoft wasn't building on it.
Congress wasn't fighting it.
Bakkt wasn't launching with it.
Square wasn't selling it.
Fidelity wasn't storing it.
TD Ameritrade wasn't trading it.
Whole Foods wasn't accepting it.
Bullish news are flooding the space.
For now, just ride it and accumulate some alts in the process. In our Bullet Premium channel we are already in some nice ones. Gonna moon definitely. Our VIPs will enjoy the fireworks soon.
There are many reasons for Alts to pump this week or the week after. It will be incredibly surprising if they don’t.
📌 There's going to be a moment alts will outperfom BTC, patience needed. Alt party is going to be amazing!
Microsoft wasn't building on it.
Congress wasn't fighting it.
Bakkt wasn't launching with it.
Square wasn't selling it.
Fidelity wasn't storing it.
TD Ameritrade wasn't trading it.
Whole Foods wasn't accepting it.
Bullish news are flooding the space.
For now, just ride it and accumulate some alts in the process. In our Bullet Premium channel we are already in some nice ones. Gonna moon definitely. Our VIPs will enjoy the fireworks soon.
There are many reasons for Alts to pump this week or the week after. It will be incredibly surprising if they don’t.
📌 There's going to be a moment alts will outperfom BTC, patience needed. Alt party is going to be amazing!
CryptoBullet
Our opinion on #Ethereum: we really can't justify shorting a chart that looks like this. ETH/USD looks stupendously bullish right now. Triangle target is $230. 🎯 Conservative target always will be $200 for ETH.
🚀🎯 ETH/USD target reached! We called it at $166 here. So, by following this trading idea you could make +38% by now 💸
Hope you followed our recommendation and made a good profit.
Hope you followed our recommendation and made a good profit.
CryptoBullet
Bitcoin Dominance is now at 17 Month High around 62%. 🎯 The target of the channel breakout is almost reached. As long as resistance holds, BTC paired ALTs can recover 20-40%, but if it breaks higher than we'll meet the Bullish flag target, which is way…
❗️Look at that: Bitcoin dominance got rejected right in the area we pointed out 4 days ago.
Read what we wrote carefully: "High chances right now we are seeing the temporary top of BTC dominance".
So now BTC dominance officially goes off a cliff 📉
Also we warned you that Altcoin party was coming and it would be amazing. Hope you took into consideration that analysis and ride alts too.
Read what we wrote carefully: "High chances right now we are seeing the temporary top of BTC dominance".
So now BTC dominance officially goes off a cliff 📉
Also we warned you that Altcoin party was coming and it would be amazing. Hope you took into consideration that analysis and ride alts too.
#BTC daily
That flash crash candle reached right the resistance zone and got a strong reaction of buyers who stepped in. Alts held up relatively well from that drop (good sign).
Did we really imagine that 6400, the area most traded for BTC in 2018, would never be tested as support? Quite content with it happening fast and on a mega wick.
📈 Today we see a nice recovery candle, that gives credence to bullish continuation.
Everyone wants to see when we top on this irrational rally. So let's show you our guesses from the TA perspective. Let's take a look at the weekly chart
That flash crash candle reached right the resistance zone and got a strong reaction of buyers who stepped in. Alts held up relatively well from that drop (good sign).
Did we really imagine that 6400, the area most traded for BTC in 2018, would never be tested as support? Quite content with it happening fast and on a mega wick.
📈 Today we see a nice recovery candle, that gives credence to bullish continuation.
Everyone wants to see when we top on this irrational rally. So let's show you our guesses from the TA perspective. Let's take a look at the weekly chart
