Small write up on price action delivery for anyone interested.


https://twitter.com/rektproof/status/1213963585795153925?s=21

$BTC

Nothing set but not liking how price made a new range (red) deviated outside and closed back in. Similar to the HTF range (black). Might scalp a short if we retest range high (red) and fail to close outside.


https://www.tradingview.com/x/dfSKNhGN/

Good evening fellow traders and a happy new year to all of you.

It's a big deal, we have started a new decade, and I must say, I have been waiting for this day all year! Finally, we have some decisive action on our ALT coin charts!

I present you with a snapshot of today's price action on the top 15 Binance coins. A few of then stand out to me because they had been on my shortlist towards the end of 2019, and a few more that stand out because they include some of the earliest coins I've dug into in the past.

What is quite special about today's top 15 on price action is that it includes XRP of all coins! Perhaps this fresh wave of interest is related to the stunning recovery on Ripple.

Without digging into the charts too much for the day, I have seen what I need to see to get back into this market. There is money to be made here. You can expect some Smashing signals from @HashedPlutus this week!

Signed @Lord_Horst 👨🏼‍🎓

$LTC

Saw Ltc trending amongst a lot of traders. Don’t see anything bullish yet.

Highs taken and tested a previous swing low. Not interested until we break back inside range and have a Ms shift.


https://www.tradingview.com/x/mTbd3wMm/

US - Iran situation
Escalated last night as Iran carried out a missile attack on the US military housing in Iraq. Some thoughts about the impact on the market.

- The news about Sulejmani assassination came in around midnight January 3th. Oil and Gold (and other SHA's) responded immediately with a strong rise in price. BTC responded as well but with a 3-hour delay.
- When the markets re-opened on January 6th, both Oil and Gold surged again on the rising tensions in Iran. BTC however initially dumped on the market open but picked up 1-2 hours later and moved up as well.
- Last night, when the news about Iran attacking the US housing bases hit the media, Both BTC, Oil and Gold moved up a lot immediately.

These developments indicate to me that BTC wasn't directly considered a go-to when the tension started but eventually speculators started picking it up in expectation of a reaction. This lead to more speculators and less sellers as no one is looking to fade a macro situationally driven move. After a while the market considered it directly tied to the event and it responded immediately the next time something happens (see Iran missiles at US). No ground-breaking findings but I figured it may be interesting to see.

Note : Because the US stated that there were no American casualties by the attack, Oil and Gold already retraced most of their initial move. BTC not (yet).

Visual BTC vs Gold vs Oil vs SPX
https://www.tradingview.com/x/qbMtDPIB/

$BCH

Demand tested below followed by a raid of the equal highs. Nicely done

https://www.tradingview.com/x/d0mlAzzD/

$BTC Dominance

Almost time to start buying some alts. Waiting for dominance chart to reach that untested supply before putting some positional and swings leverage setups down.


https://www.tradingview.com/x/oEmbj8tw/

Okay! Here we are back in action. Been a while and yes the numbers have moved around but well, who gives a damn? The scalpers? Too bad because we at Hashed Plutus aren't putting our hands on the CHOPPING block everry minute.

Okay look what we have here, the setup posted WEEKS prior to price action played out exactly. The idea now is simple, we don't making rash decisions based on the FA. We wait for a confirmation.

https://www.tradingview.com/x/M9lCawfq/

🎓#SpotTrade 🎓
🎓 $TROY / BTC

🔸Signal Info: Troy
Rank: #330
Exchange: Binance (Trade)
Direction: LONG

🔸 Analysis: Troy has been in a slumber ever since it went live on Binance. There has been little interest in price discovery from the traders. With the way the markets have been shaken up this week, Troy received a heavy bit of volume yesterday.

This move off the bottom allows us to plot the underside of a long term trending channel.

The DMI shows converging lines after spending about 15 days apart. All signs of a trend reversal. Also, note the momentum on the orange DM- drops off consistently though the volume, while the DM+ responded quite aggressively to the increased volume yesterday.

I opened up the OBV as confirmation, on the count that we are still very much in price discovery, and trending down. The OBV confirms the signal for accumulation.

🎓#SpotTrade 🎓
🎓 $TROY / BTC - View Chart

🔸Status: Limit Entries Set

🔸Current Price: 76sats
Entry: 75sats
Take Profit: 131sats, 157sats, 187sats
Stop Limit: 69sats (-8%)

$BTC

Equal H1 lows. Rallies are meant for shorting


https://www.tradingview.com/x/xDM7dVYY/

Looking to do a top down analysis on btc/alts for everyone here tomorrow.

$ADA / $BTC

Took a long on ADA.

3D equal highs left untapped. H4 sweep with a retest following the sweep. Currently consolidating under yearly open and range EQ.

Looking to compound if we break higher time frame MS.

#Cardano

$ETH / $USD

Things seem manipulated on ETH, a rapid drop in volume but the price action does not add up. I'm looking for a delayed reaction on price followed by a bounce from a building support. The 100 EMA nad right under it is the 200 EMA.

Not looking to enter as of now, watching this unfold.

https://www.tradingview.com/x/2tjKW1OL

$ETH/ $USD

Rather than chase the market just wait for it it come to you.


Red is resistance (swing highs: range high: daily OB)

Blue is support: (untapped formed daily demand)


https://www.tradingview.com/x/cjEPD3gv/

Some stunning analysis from one of my buddies

Good afternoon Cryptonatics,

This is the Technical Analysis of week 2 of Bitcoin. We have seen some good movement past week, with $7252 at it lowest this week on the 4th of January, and $8476 at it's highest on the 8th of January. We are up exactly +10% compared to last week, and on this week's peak +15,6% higher.

Past week, I shared a chart were a breakout of the falling wedge could be seen, but it was tend to teas us and create a false breakout. We are currently still in this falling wedge, but might be ending this trend soon...

For now, we bounced off the red resistance line, forming the top part of the falling wedge. The false breakout combined with an overbought RSI, which may be the leading factor it has been retracted back to under the resistance.

In the next weeks, we might remain below the resistance but above a small reoccurring resistance that has kept Bitcoin up before. If we remain in this sector for a while, we might lose the overbought status and could tank some bullish fuel to bring us up high. With high, I mean a target of over $10.000, which is typically the outcome of such pattern as the falling wedge.

If Bitcoin does the exact thing mentioned above is a great question. The movement in the past week has been triggering volume again, which is an indication that there is more movement ahead of us. The way this movement is is extremely hard to tell, but if the pattern remain intact it's extremely likely we head out north.

🎓#SpotTrade 🎓
🎓 #PERL / BTC

🔸Signal Info: Perlin
Rank: #381
Exchange: Binance (Trade)
Direction: LONG

🔸 Analysis:
There is a lot to look at on this chart. Perlin has undergone a major sell-off. Looking back our first signal on Perlin, the asset was ranked just over #150. Today it is coming in at rank 381 by market cap.

Anyhow, we have a new opportunity to trade PERL. The chart shows history dating back to October 2019. A horizontal support level at 400sats looked strong for a moment. We traded that level back then and we reached 2/3 targets before the support failed.

A new trading range was formed bellow the new 400sat resistance level. The line has been wicked and the resistance has been confirmed. The support level is 260sats today, and the level has been tapped on 3 occasions and previous trades on the level would have been profitable.

We the new trend and range established. We are quickly approaching the apex of this setup.