$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/
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 The false breakout combined with an overbought RSI, which may be the leading factor it has been retracted back to under the resistance.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.
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.
🎓 #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.
🎓 #PERL / BTC - View Chart
🔸Status: Market entry
🔸Current Price: 0.00000275
Entry: Bellow 0.00000275
Take Profit: 0.00000305, 0.00000380, 0.00000479
Stop Limit: 0.00000250 (-9)
🔸Status: Market entry
🔸Current Price: 0.00000275
Entry: Bellow 0.00000275
Take Profit: 0.00000305, 0.00000380, 0.00000479
Stop Limit: 0.00000250 (-9)
$BTC
Few notes on current price action.
Seeing a few short setups around these levels. Not something id recommend or would personally take.
Had a short setup around 8230 (posted on Twitter) which I ultimately cancelled.
If you look at the daily levels you can see a clear break in market structure on a closing basis with price currently retesting and hovering at it.
Zoomed in you have untapped local highs with price coming off a H4 SR flip.
Few things to take away from this.
These aren’t levels you short because ltf is showing bearish PA since you wouldn’t take higher time frame into account.
https://www.tradingview.com/x/40OKDCH2/
Few notes on current price action.
Seeing a few short setups around these levels. Not something id recommend or would personally take.
Had a short setup around 8230 (posted on Twitter) which I ultimately cancelled.
If you look at the daily levels you can see a clear break in market structure on a closing basis with price currently retesting and hovering at it.
Zoomed in you have untapped local highs with price coming off a H4 SR flip.
Few things to take away from this.
These aren’t levels you short because ltf is showing bearish PA since you wouldn’t take higher time frame into account.
https://www.tradingview.com/x/40OKDCH2/
$BCH
Not a bad place to take profits.
Price coming off a daily demand straight into H12 supply with what looks like a H12 sweep followed by an upcoming daily sweep.
Will look for pullbacks since FA is strong targeting untapped sell side liquidity.
https://www.tradingview.com/x/jWbKZCIJ/
Not a bad place to take profits.
Price coming off a daily demand straight into H12 supply with what looks like a H12 sweep followed by an upcoming daily sweep.
Will look for pullbacks since FA is strong targeting untapped sell side liquidity.
https://www.tradingview.com/x/jWbKZCIJ/
Tomorrow (January 13), Bitcoin options should launch on the Chicago Mercantile Exchange. The community is keenly committed to the fact that at the time of their launch the price will be artificially pushed down to make more profitable purchases, but globally this institutional tool for trading should have a positive effect on the market, at least institutional institutions have a need for such tools.
Option - the right to buy or sell an asset at an agreed price, before an agreed date.
Option - the right to buy or sell an asset at an agreed price, before an agreed date.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Exchange: BitMex / Bybit Coin: XBT/USD Position: SHORT Entry at 8135 - 8180 Sell at 8068 - 7985 - 7911 - 7884 Remember to open SHORT position! Use 5x or cross leverage (2 - 5% balance) Stop Loss : Above 8304
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$NEO / $USD Analysis
This did take quite some time and I must say, feels great to be back. NEO is one of those coins that never leave the radar because of their solid backing. 2020 seems to be a solid year fo Chinese projects.
The blue cup indicates a "Rounding Bottom", The strategy here is simple,
sharp decline => bottom => sharp incline
This seems to fit in perfectly with the price action from the 100 and 200 EMA. A strong support on the lower end. The Green box indicates the sweets spot, which would be a perfect entry but I would say, start buying here.
Rest of the notes are on the chart.
https://www.tradingview.com/x/8DvFdZRf/
This did take quite some time and I must say, feels great to be back. NEO is one of those coins that never leave the radar because of their solid backing. 2020 seems to be a solid year fo Chinese projects.
The blue cup indicates a "Rounding Bottom", The strategy here is simple,
sharp decline => bottom => sharp incline
This seems to fit in perfectly with the price action from the 100 and 200 EMA. A strong support on the lower end. The Green box indicates the sweets spot, which would be a perfect entry but I would say, start buying here.
Rest of the notes are on the chart.
https://www.tradingview.com/x/8DvFdZRf/
🎓 Market Update 🎓
Greetings fellow friends and traders. We have set off and we are well into the new year now. For myself, I am only now really getting a feel for 2020, and my passion for trading blockchain assets are returning by the day!
It has been a while since I have had a look at my XBT chart, and the simple trending channel from the 2019 high is still in play. The conditions in the market right now have become hugely profitable within the last two weeks.
After being range bound for close on 6 - 8 months, I don't think the upper levels of the channel will offer up much resistance. RSI on the chart will be exploring overbought conditions shortly, and I expect the 10k mark to be touched within the next few weeks.
One more thing that flares my excitement is the extraordinary performance of some of the top 50 coins. We are talking Dash, Zcash, Bitcoin SV, Bitcoin Cash, And even Ethereum Classic with some excellent news for assisting Ethereum with the scaling issues.
Greetings fellow friends and traders. We have set off and we are well into the new year now. For myself, I am only now really getting a feel for 2020, and my passion for trading blockchain assets are returning by the day!
It has been a while since I have had a look at my XBT chart, and the simple trending channel from the 2019 high is still in play. The conditions in the market right now have become hugely profitable within the last two weeks.
After being range bound for close on 6 - 8 months, I don't think the upper levels of the channel will offer up much resistance. RSI on the chart will be exploring overbought conditions shortly, and I expect the 10k mark to be touched within the next few weeks.
One more thing that flares my excitement is the extraordinary performance of some of the top 50 coins. We are talking Dash, Zcash, Bitcoin SV, Bitcoin Cash, And even Ethereum Classic with some excellent news for assisting Ethereum with the scaling issues.
🎓 Market Update - View Chart
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🎓 Trade Update 🎓 🎓 $ETC/BTC - View Chart 🔸 Status: ETC has started coming back to live, cashing in our targets slowly but surely. Its rare to find a winning trade in this market and ETC has come through for us this dry market. 🔸 Current Price: 0.0006321…
🎓 Trade Update 🎓
🎓 $ETC/BTC - View Chart
🔸 Status: This call on ETC was made early December, and today, embracingly so, the targets I've set were absolutely shattered. A 3rd lofty target would have done well for us here, as per my usual trading strategy on most Altcoin.
Truth be told, Ethereum classic has been a very boring trade for over a year now, and the reason for the two target strategy here was just so our money wasn't locked up for two long.
Either way, margin trade on this setup would have netted well over 100% profit.
🔸 Current Price: 0.0006321
Entry: 0.0005355
🎯Take Profit: 0.0006150, 0.0007145
🏁 Trade Closed, both targets achieved.
🎓 $ETC/BTC - View Chart
🔸 Status: This call on ETC was made early December, and today, embracingly so, the targets I've set were absolutely shattered. A 3rd lofty target would have done well for us here, as per my usual trading strategy on most Altcoin.
Truth be told, Ethereum classic has been a very boring trade for over a year now, and the reason for the two target strategy here was just so our money wasn't locked up for two long.
Either way, margin trade on this setup would have netted well over 100% profit.
🔸 Current Price: 0.0006321
Entry: 0.0005355
🎯Take Profit: 0.0006150, 0.0007145
🏁 Trade Closed, both targets achieved.
Let's take a comprehensive look at the top 20 coins. We have change over 24h, 7D, 1m, 1y. Also, check the liquidity on the books. Check out the Liquidity ratio on BSV and curiously, ONT ratio is right on its heels. Bitcoin Cash's book is also looking thin after its performance this past week.
Thank you cryptowat.ch !
Thank you cryptowat.ch !
🎓 Spot Trade 🎓
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
Margin: x5
🔸Status: Market Buy or bellow.
🔸Analysis: This asset doesn't only look good on paper. The chart looks fantastic doesn't it?
We have a local little breakout currently trapped beneath the yellow gold 50MA. The breakout is the technical signal ,but we have a candle stick confirmation with a morning star formation on the daily chart.
The indicators are also giving subtle signals with the blue DM+ line has managed to get one over on the DM- line. Pink AXD line appears to be rounding for a swing.
RSI signal has simply bounced off the oversold level making a higher high on the indicator.
🔸Current Price: 756sats
❇️Entry: 755sats
🎯Targets: 978sats, 1150sats, 1530sats
♦️Exit: 695sats (8x5%)
♦️High Risk for margin traders - Laddering entries are essential, and be sure to monitor position closely.
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
Margin: x5
🔸Status: Market Buy or bellow.
🔸Analysis: This asset doesn't only look good on paper. The chart looks fantastic doesn't it?
We have a local little breakout currently trapped beneath the yellow gold 50MA. The breakout is the technical signal ,but we have a candle stick confirmation with a morning star formation on the daily chart.
The indicators are also giving subtle signals with the blue DM+ line has managed to get one over on the DM- line. Pink AXD line appears to be rounding for a swing.
RSI signal has simply bounced off the oversold level making a higher high on the indicator.
🔸Current Price: 756sats
❇️Entry: 755sats
🎯Targets: 978sats, 1150sats, 1530sats
♦️Exit: 695sats (8x5%)
♦️High Risk for margin traders - Laddering entries are essential, and be sure to monitor position closely.