$XRP / $USD 1D Analysis
Ripple has been in the news alot lately and things have started getting interesting because Technicals and Fundamentals don't seem to be singing the same song here. Take a quick look at the chart below and you will see that now one, but three clear bearish signals setting up a move downwards yet the whole Ripple army is bullish. Most of the technicals are covered on the chart, as for the fundamentals, Ripple might be the first cryptocurrency to be directly tied in some way to an IPO {Initial public offering} in the coming 12 months. Here is what makes things go messy.
Typical trader would see this as a bullish news and buy it but a smart trader sees the catch, they have placed no light to the future of XRP if they plan to use shares for the equity, if they do so, the token becomes obsolete.
THINK
https://www.tradingview.com/x/wU1OznnA/
Ripple has been in the news alot lately and things have started getting interesting because Technicals and Fundamentals don't seem to be singing the same song here. Take a quick look at the chart below and you will see that now one, but three clear bearish signals setting up a move downwards yet the whole Ripple army is bullish. Most of the technicals are covered on the chart, as for the fundamentals, Ripple might be the first cryptocurrency to be directly tied in some way to an IPO {Initial public offering} in the coming 12 months. Here is what makes things go messy.
Typical trader would see this as a bullish news and buy it but a smart trader sees the catch, they have placed no light to the future of XRP if they plan to use shares for the equity, if they do so, the token becomes obsolete.
THINK
https://www.tradingview.com/x/wU1OznnA/
🎓#SpotTrade 🎓
🎓 $DATA / BTC - View Chart
🔸Analysis: The technicals on this DATA chart are just stunning and it looks like there could be a few large targets up for grabs on this trade. On the way down, the price responded positively to each falling wedge breakout. The best entries on each of those waves had been from lower lows.
The most recent breakout from the wedge in white was not astounding and the price came back to test the buy zone once more and it ended up making a higher low.
This behaviour speaks of a trend change and the indicators are confirming this. The 21MA has cooled down completely and is hovering dead centre on recent price action. The DMI shows subtle signals on the DM+ signalling positive buying volume.
The TSI indicator here has been programmed to about double the timeframe on the stock setting. The indicator shows bullish divergence since mid-December. Reading has, however, not been able to cross the zero line very often so that's an obvious sign that a distribution phase was taking place.
Anyhow, the indicator is reaching for the zero lines and a crossover. The wedge is reaching an apex says its time to seek an entry.
🎓 $DATA / BTC - View Chart
🔸Analysis: The technicals on this DATA chart are just stunning and it looks like there could be a few large targets up for grabs on this trade. On the way down, the price responded positively to each falling wedge breakout. The best entries on each of those waves had been from lower lows.
The most recent breakout from the wedge in white was not astounding and the price came back to test the buy zone once more and it ended up making a higher low.
This behaviour speaks of a trend change and the indicators are confirming this. The 21MA has cooled down completely and is hovering dead centre on recent price action. The DMI shows subtle signals on the DM+ signalling positive buying volume.
The TSI indicator here has been programmed to about double the timeframe on the stock setting. The indicator shows bullish divergence since mid-December. Reading has, however, not been able to cross the zero line very often so that's an obvious sign that a distribution phase was taking place.
Anyhow, the indicator is reaching for the zero lines and a crossover. The wedge is reaching an apex says its time to seek an entry.
🎓#SpotTrade 🎓
🎓 $DATA / BTC - View Chart
🔸Status: Limit Entries Set
🔸Current Price: 182sats
❇️Entry: 180sats, 173sats
🎯Take Profit: 234sats, 331sats, 399sats
♦️Stop Limit: 163sats (-7.5%)
📊Re-entry zone: 150sats and up
🎓 $DATA / BTC - View Chart
🔸Status: Limit Entries Set
🔸Current Price: 182sats
❇️Entry: 180sats, 173sats
🎯Take Profit: 234sats, 331sats, 399sats
♦️Stop Limit: 163sats (-7.5%)
📊Re-entry zone: 150sats and up
Bitcoin Analysis from One Point
https://www.tradingview.com/x/C3KlqrFR
Gaining strength in bitcoin
We have seen a lower low on price action but higher low on the RSI. This is however what we see on the lower time frame (1h).
This condition once again proves that the bulls are gaining strength at least in the lower time frame. If we see a break out of current white resistance trend line, we will see a push toward the interim swing high as a potential wave 5 or the double top.
We must wait and extra patient during this circumstance. I will give more detail analysis in few hours.
https://www.tradingview.com/x/C3KlqrFR
Gaining strength in bitcoin
We have seen a lower low on price action but higher low on the RSI. This is however what we see on the lower time frame (1h).
This condition once again proves that the bulls are gaining strength at least in the lower time frame. If we see a break out of current white resistance trend line, we will see a push toward the interim swing high as a potential wave 5 or the double top.
We must wait and extra patient during this circumstance. I will give more detail analysis in few hours.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$XRP / $USD 1D Analysis Ripple has been in the news alot lately and things have started getting interesting because Technicals and Fundamentals don't seem to be singing the same song here. Take a quick look at the chart below and you will see that now one…
Tell me that wasn't acccurate.
Entry one hit and up by 2.7% since.
It's not about find an asset with the right entry now, its about find the right entry on any asset.
Read that again.
https://www.tradingview.com/x/U8LuyNNq/
Entry one hit and up by 2.7% since.
It's not about find an asset with the right entry now, its about find the right entry on any asset.
Read that again.
https://www.tradingview.com/x/U8LuyNNq/
🎓#TradeUpdate 🎓
🎓 $MTL / BTC - View Chart
🔸Signal Info: Metal
Rank: #176
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Patience is a virtue and especially when trading. First entry ended up being spot on and price rebounded with a sharp 10% gain. I'm making a bit of a change to the trade setup here, The dumping from the recent high wasn't as extreme as the setup planned for. We have also got a bit of a cushion with the rebound this morning.
🔸Changes: Tightening the stop right up to -3%. Proposing a re-entry on the next level down if it comes to that.
🔸Current Price: 2860sats
❇️Entry: 2725sats
🎯Take Profit: 3555sats, 4650sats, 5565sats
♦️Stop Limit: 2645sats (-3%)
📊Re-entry: 2520sats
🎓 $MTL / BTC - View Chart
🔸Signal Info: Metal
Rank: #176
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Patience is a virtue and especially when trading. First entry ended up being spot on and price rebounded with a sharp 10% gain. I'm making a bit of a change to the trade setup here, The dumping from the recent high wasn't as extreme as the setup planned for. We have also got a bit of a cushion with the rebound this morning.
🔸Changes: Tightening the stop right up to -3%. Proposing a re-entry on the next level down if it comes to that.
🔸Current Price: 2860sats
❇️Entry: 2725sats
🎯Take Profit: 3555sats, 4650sats, 5565sats
♦️Stop Limit: 2645sats (-3%)
📊Re-entry: 2520sats
Bitcoin Weekly Analysis by One Point
https://www.tradingview.com/x/JBgxRgGi/
Bitcoin : A good day to start the week
Hello fellas, welcome back to my technical analysis about bitcoin. My apologize to not very active lately due to some other eve that we have to took care in last week. But, the most important thing is that we're back now and I promise you that this update will be very interesting and very detail. The clue is that this week is gonna be awesome!
First, let's see the close of this week's candle which is for me looks bullish and indicate a bullish movement for intra day level. the wick toward the down side is showing how the bulls is having a good work to defend the territory of $8400 as a support in short term.
Second, I see a very awesome graph on MACD indicator. On the histogram, it has ticked up to the positive side and the moving average is having a good golden crossover to the upside.
Third, on the price action, I still see a probability of the price to test again the blue region as the previous broken support that is now become resistance. And from here, I will look for higher time frame bias which show you 2 kinds of perspective. The first one is the bullish perspective (white) and the second one is the bearish perspective (yellow).
$9680 level will be a good area to watch in mid term. Hoping the price will touch this area soon.
https://www.tradingview.com/x/JBgxRgGi/
Bitcoin : A good day to start the week
Hello fellas, welcome back to my technical analysis about bitcoin. My apologize to not very active lately due to some other eve that we have to took care in last week. But, the most important thing is that we're back now and I promise you that this update will be very interesting and very detail. The clue is that this week is gonna be awesome!
First, let's see the close of this week's candle which is for me looks bullish and indicate a bullish movement for intra day level. the wick toward the down side is showing how the bulls is having a good work to defend the territory of $8400 as a support in short term.
Second, I see a very awesome graph on MACD indicator. On the histogram, it has ticked up to the positive side and the moving average is having a good golden crossover to the upside.
Third, on the price action, I still see a probability of the price to test again the blue region as the previous broken support that is now become resistance. And from here, I will look for higher time frame bias which show you 2 kinds of perspective. The first one is the bullish perspective (white) and the second one is the bearish perspective (yellow).
$9680 level will be a good area to watch in mid term. Hoping the price will touch this area soon.
🎓 #SmashingWatchlist 🎓
🎓 $EOS / BTC - View Chart
🔸Trade Update: I'm very pleased to come and talk to you all about the success on this trade tonight. The market entry I mentioned late last week was spot on. Margin trades at this level would have been paying off well right about now.
Either way, the price is up 10% so far. That is fair, but these days I just find those kinds of gains unacceptable. We are trading here, we invest time and money, we want to win and get ahead in life. Let's talk about the entries here and the reasons for staying off the margin trades.
First off, the potential entries that looked appealing here were spread about 8% apart. That's simply too much to risk when trading margin. Ladder entries on margin trades should be spread in the range of and not really exceeding 3% by much.
We saw a max downdraw of approximately -2.5% which would have been a real comfortable stop. The setup could have comfortably been traded on 5-10x leverage.
Talking targets on our market entry here, I'll be betting on the resistance at each band that exists in this channel. That's profit at 30%, 70% & 120%.
These targets would have seemed absurd to me a while back, but I have come to appreciate that with patience. These targets are indeed achievable. There is nothing like seeing a coin run until kingdom come while you sold for some petty 10% target way down there!
🎓 $EOS / BTC - View Chart
🔸Trade Update: I'm very pleased to come and talk to you all about the success on this trade tonight. The market entry I mentioned late last week was spot on. Margin trades at this level would have been paying off well right about now.
Either way, the price is up 10% so far. That is fair, but these days I just find those kinds of gains unacceptable. We are trading here, we invest time and money, we want to win and get ahead in life. Let's talk about the entries here and the reasons for staying off the margin trades.
First off, the potential entries that looked appealing here were spread about 8% apart. That's simply too much to risk when trading margin. Ladder entries on margin trades should be spread in the range of and not really exceeding 3% by much.
We saw a max downdraw of approximately -2.5% which would have been a real comfortable stop. The setup could have comfortably been traded on 5-10x leverage.
Talking targets on our market entry here, I'll be betting on the resistance at each band that exists in this channel. That's profit at 30%, 70% & 120%.
These targets would have seemed absurd to me a while back, but I have come to appreciate that with patience. These targets are indeed achievable. There is nothing like seeing a coin run until kingdom come while you sold for some petty 10% target way down there!
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🎓 $ETC - View Chart
🎓 #SmashingWatchlist
🎓 $ETC / BTC - View Chart
🔸Trade Update: Here is a little something that has been eating away at me. You think you are winning making good targets, but when dealing with massive breakouts like this, you just don't know what to make of it.
Ethereum Classic was one of the hottest trades this year so far, we nailed it, but our targets are still hovering - on average bellow the mean from the high on the run to the top.
We achieved our maximum target of 83%. Perhaps this doesn't happen on all trades and all assets, but you will be selling yourself short if you are not willing and able or prepared for that kind of profit.
🎓 $ETC / BTC - View Chart
🔸Trade Update: Here is a little something that has been eating away at me. You think you are winning making good targets, but when dealing with massive breakouts like this, you just don't know what to make of it.
Ethereum Classic was one of the hottest trades this year so far, we nailed it, but our targets are still hovering - on average bellow the mean from the high on the run to the top.
We achieved our maximum target of 83%. Perhaps this doesn't happen on all trades and all assets, but you will be selling yourself short if you are not willing and able or prepared for that kind of profit.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🎓 $RLC - View Chart
🎓 #SmashingWatchlist 🎓
🎓 $RLC / BTC - View Chart
Here is a smashing setup that got spotted late last year and I've been checking in every few days to see if we are still on track. I'm pleased to see the price rounding out. There were a few moments when I thought I had missed the bottom, to be honest.
Looks like the worst of it has indeed passed, and it is the ideal time to scoop an entry on RLC. Normally a cup with handle formation is charted as a breakout setup, but on this puppy, we will be up 80% even before we can consider more profits. Let's get there first, and then we can discuss ways to take the trade forward.
It's nice to think that the formation will stay intact for so long, but I am just waiting for this picture to get ruined by some drawn-out wedge formation. Especially so when trading crypto. Let's see how it goes, things start getting interesting from here on out!
🔸Current Price: 5655sats
❇️Entry: 5680sats, 5110sats
🎯Take Profit: 7030sats, 8520sats, 10160sats
♦️Stop Limit: 4780sats (-12%) Average after both entries.
🎓 $RLC / BTC - View Chart
Here is a smashing setup that got spotted late last year and I've been checking in every few days to see if we are still on track. I'm pleased to see the price rounding out. There were a few moments when I thought I had missed the bottom, to be honest.
Looks like the worst of it has indeed passed, and it is the ideal time to scoop an entry on RLC. Normally a cup with handle formation is charted as a breakout setup, but on this puppy, we will be up 80% even before we can consider more profits. Let's get there first, and then we can discuss ways to take the trade forward.
It's nice to think that the formation will stay intact for so long, but I am just waiting for this picture to get ruined by some drawn-out wedge formation. Especially so when trading crypto. Let's see how it goes, things start getting interesting from here on out!
🔸Current Price: 5655sats
❇️Entry: 5680sats, 5110sats
🎯Take Profit: 7030sats, 8520sats, 10160sats
♦️Stop Limit: 4780sats (-12%) Average after both entries.
Bitcoin Analysis from One Point
https://www.tradingview.com/x/s9808P9m/
A crucial level for bitcoin.
Hello fellas, here I give you another detail analysis about bitcoin based on daily time frame which is very important. So, let's get it started.
Bitcoin has shown us a very decent amount of gain in the last 2 days of trading. The price is now touching the crucial area if we zoom out to the daily time frame. This area however is a heavy resistance for bitcoin, it has the confluence of the upper line of the channel and simply the red dynamic line which is the 200 MA on daily. But, there are things that still becoming my concern which is based on the historical performance, when the price tested the upper line of the channel, it always ended up with a wick that I consider this as a bull trap. That's why, I will look the price to breaks out of the white region which is the previous broken support that is now become resistance as well to enter my long position and targeting the $10000 region for mid term set up.
The MACD is now ticking up to the upside and try to claim back the positive are of the histogram. The RSI has not shown any sign of divergence as a reversal pattern yet.
I will expect a high volatility later in this condition. I will wait patiently until the price breaks out of the white resistance zone to enter a huge long position.
https://www.tradingview.com/x/s9808P9m/
A crucial level for bitcoin.
Hello fellas, here I give you another detail analysis about bitcoin based on daily time frame which is very important. So, let's get it started.
Bitcoin has shown us a very decent amount of gain in the last 2 days of trading. The price is now touching the crucial area if we zoom out to the daily time frame. This area however is a heavy resistance for bitcoin, it has the confluence of the upper line of the channel and simply the red dynamic line which is the 200 MA on daily. But, there are things that still becoming my concern which is based on the historical performance, when the price tested the upper line of the channel, it always ended up with a wick that I consider this as a bull trap. That's why, I will look the price to breaks out of the white region which is the previous broken support that is now become resistance as well to enter my long position and targeting the $10000 region for mid term set up.
The MACD is now ticking up to the upside and try to claim back the positive are of the histogram. The RSI has not shown any sign of divergence as a reversal pattern yet.
I will expect a high volatility later in this condition. I will wait patiently until the price breaks out of the white resistance zone to enter a huge long position.
Forwarded from Crypto TA Bot Results
Do you use a trading journal?
Anonymous Poll
11%
Yes, a hardcopy (Diary)
31%
Yes, softcopy (Excel)
58%
Nope, too much work
Bitcoin Analysis for One Point
https://www.tradingview.com/x/P2Pb0gId/
Bitcoin from the daily perspective
Continuing my yesterday's analysis about bitcoin which I've covered the huge down trend channel that is still in play on bitcoin. With current structure, the price has broken out of the upper line of the channel which acting as a resistance trend line.
The closure of daily candle is very essential to me right now. If the price can hold above this and huge volume occurs, I will expect a bullish momentum. For now, I'm still idle.
https://www.tradingview.com/x/P2Pb0gId/
Bitcoin from the daily perspective
Continuing my yesterday's analysis about bitcoin which I've covered the huge down trend channel that is still in play on bitcoin. With current structure, the price has broken out of the upper line of the channel which acting as a resistance trend line.
The closure of daily candle is very essential to me right now. If the price can hold above this and huge volume occurs, I will expect a bullish momentum. For now, I'm still idle.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$XRP / $USD 1D Analysis Ripple has been in the news alot lately and things have started getting interesting because Technicals and Fundamentals don't seem to be singing the same song here. Take a quick look at the chart below and you will see that now one…
That's what we call a perfect long. 17% on 1x and over 150% on 10x
https://www.tradingview.com/x/rLxjvZXg/
https://www.tradingview.com/x/rLxjvZXg/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Analysis (1D) Blox has layed low since the majestic rise back in Mid 2019. After dumping and accumulation for over 69 days, we spot a reversal round the corner. A strong buy signal from both our trusted indicators result in my bias to enter at the market…
Best part about breakout trades is you don't touch them unless they make the first move. Patience played us safe, we did not enter as we saw both entries unfilled.
https://www.tradingview.com/x/yVamimXb/
https://www.tradingview.com/x/yVamimXb/
Bitcoin Analysis from One Point
https://www.tradingview.com/x/VdHVuCAW/
Bitcoin : Facing another strong resistance
Hello all, here we come with another update about bitcoin, this time I want to give highlight on the daily time frame.
Looking at the chart, we can see that current bullish pressure has brought the price to pass the upper line of the channel which became a very strong resistance for bitcoin and moved align with the 200 MA which acts as a dynamic resistance too. But, after the price broke out of current bearish channel, we can see that in near future, the price will face another strong resistance which previously were a broken support. Will it breaks current resistance too?
To be honest, It's really difficult to predict whether the price will breaks this resistance or not considering with current moves of bitcoin, the bulls is in full power of current market. Although the potential of hidden bearish divergence on RSI is still in play, we must remember that this divergence could be easily invalidated when the price can breaks out of the previous swing high which is around $10400. On the other hand, the RSI hasn't entered the overbought region yet, which indicates there are still a lot of room from the bulls. The MACD, especially in the histogram has already re entered the positive side again.
With this current condition and some mixed signals, I prefer to stay away from the market and wait until I get more confirmations and confluence reasons to get in traction again. There is still a possibility of the price to touch $9550 - $9700 region as a strong resistance but longing at current condition is not recommended. I'll wait the chance of shorting the market whenever I see any sign of rejection or buy the dip as an action of retesting the previous broken resistance.
https://www.tradingview.com/x/VdHVuCAW/
Bitcoin : Facing another strong resistance
Hello all, here we come with another update about bitcoin, this time I want to give highlight on the daily time frame.
Looking at the chart, we can see that current bullish pressure has brought the price to pass the upper line of the channel which became a very strong resistance for bitcoin and moved align with the 200 MA which acts as a dynamic resistance too. But, after the price broke out of current bearish channel, we can see that in near future, the price will face another strong resistance which previously were a broken support. Will it breaks current resistance too?
To be honest, It's really difficult to predict whether the price will breaks this resistance or not considering with current moves of bitcoin, the bulls is in full power of current market. Although the potential of hidden bearish divergence on RSI is still in play, we must remember that this divergence could be easily invalidated when the price can breaks out of the previous swing high which is around $10400. On the other hand, the RSI hasn't entered the overbought region yet, which indicates there are still a lot of room from the bulls. The MACD, especially in the histogram has already re entered the positive side again.
With this current condition and some mixed signals, I prefer to stay away from the market and wait until I get more confirmations and confluence reasons to get in traction again. There is still a possibility of the price to touch $9550 - $9700 region as a strong resistance but longing at current condition is not recommended. I'll wait the chance of shorting the market whenever I see any sign of rejection or buy the dip as an action of retesting the previous broken resistance.
🎓#SpotTrade 🎓
🎓 $VET / USDT - View Chart
🔸Status: Limit Entries Set
🔸Current Price: $0.005737
❇️Entry: $0.005681, $0.005473
🎯Take Profit: $0.005994, $0.006231, $0.006597
♦️Stop Limit: $0.004912 (-10.2%)
Analysis
The risk reward here doesn't look too appealing because I'm looking at the bigger picture showing strength after repeated correction. I see this as the last major region to hold, failing which, we can see some real red bears charging our way.
🎓 $VET / USDT - View Chart
🔸Status: Limit Entries Set
🔸Current Price: $0.005737
❇️Entry: $0.005681, $0.005473
🎯Take Profit: $0.005994, $0.006231, $0.006597
♦️Stop Limit: $0.004912 (-10.2%)
Analysis
The risk reward here doesn't look too appealing because I'm looking at the bigger picture showing strength after repeated correction. I see this as the last major region to hold, failing which, we can see some real red bears charging our way.