NEO successfully retested the breakout level (R2)

🎯 First green upside arrow completed

Next target is R3 (it can take some time)

XMR has been accumulating for quite a while

Looks like a rounding bottom with a possibility of turning into a nice Cup&Handle

Currently sitting at the neckline. It might fall from here towards the Support Cluster and bounce back to the neckline and break out eventually or do it in the coming days. Either way, it looks like a bullish accumulation

🚀 To send XMR up the price needs to break above the neckline & sustain it

Major MAs are below providing support

Bullish at the breakout

BTC closed the weekly in a bullish manner - printed a bullish hammer candle

BTC 12h

The support (former resistance) held the price

Now starting to look like an Ascending Triangle with the ultimate target of 11k 🎯
Should only break above the flat top

🐻 Returning to the support level will be a bearish sign

There we go! 🚀 BTC broke out as I expected

That was quick

Update

🎯 I was right 5 days ago that BTC was going to fill the upper CME Gap at 10.6k first

It did exactly that!

🎯 BTC hit the first breakout target!

Congratulations to those who followed!

🚀🎯 BTC hit the second breakout target!

The price followed my projection just perfectly

Congratulations to those who followed!

NWC is in a juicy spot right now - the coin is sitting at the bottom of horizontal channel

High chances to bounce off of it again at least to the mid line

If not, there’s another strong support level around EMA100 to bounce the price

Newscrypto is rumored to announce their new big educational partner tomorrow

#KuCoin

Smart money accumulating Bitcoin. And even more aggressively than in 2014-2018 cycle

Things look pretty damn bullish mid & long term

We are in the early stage of a bull market 🚀

🚀🎯 NEO reached the last target!

Profit 95%!

Congratulations to those who followed!

🚀🎯 As expected NWC did bounce off of the support and reached the target - mid line of the channel

Profit 17%

BTC 4h

The price established a nice upward channel. Testing the bottom of it again

There’s a possibility of getting a Golden Cross if we stay within this channel - bullish signal 🐂

However, if we break down 10.8-10.9k horizontal level, where EMA200 is right now, this will be a pretty bearish sign 🐻

So, BTC is crashing, Golden Cross averted

Yesterday I mentioned, that to get the Golden Cross we needed to stay within the upward channel

👉 Next 4h candle the price broke down the channel’s support - first bearish sign🐻

After that we got a perfect retest of the breakdown level, and then BTC took a nosedive as I expected 📉

NWC is consolidating above the Support 1 - the bottom of the horizontal channel

As long as it holds above it, the bias is bullish, so looking for a test of sloped resistance trendline in the short-term

If it breaks above it, I can foresee the price hitting the top of the channel

📌 This year Bitcoin price has been in a more sustainable uptrend than 2019

In 2019 exchange balances was increasing, while this year, they continued falling despite price rises

2020 is showing that investors are willing to ‘hodl’ rather than speculate, reducing overall selling pressure

🐂

🎯 NWC bounced off the channel’s support as expected & hit the first target!

Profit 13% so far

BTC update

Last 3 days price action is starting to shape up as an Ascending Triangle

If this formation resolves to the upside (which is more likely), it’ll face some resistance levels:

- the first one is around 10650 (near EMA50 on 4h)

- and more serious second one - 10.8k area. This resistance will be tough because a breakdown of this level triggered the selloff a couple of days ago + EMA200 on 4h is coming there

💡So, if everything goes as it should, ideal scenario would be a breakout of the Ascending Triangle to the upside, hitting 10.8k and reversing there back to the downside


⚠️ However, be ready for a bearish case
10.3k is a very critical level in that regard

If it breaks, the price will fall hard and fast. In that case 9k will become very likely

Ideal scenario rarely plays out

That’s why I outlined the bearish case - breaking down the red line (10360) should have activated your short trade

And if you did exactly that, you are in the money right now

What bears wouldn’t like to see is a swift return to 10.5k prices

Did you know about the 128-Day Moving Average?

This is a special MA. Let me show you why

📌 This particular moving average was derived exclusively for Bitcoin, because it’s been pretty accurate in catching dips and highs throughout the Bitcoin’s history

It’s close to 20-Week MA or 21-Week EMA, but on the daily scale