🎓 #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.

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.

Here I show you the open interest index of bitcoin. Every time the index touches the $1 billion level, the price will have a massive drop. This time, the open interest is at $958million and it's closer to the $1billio region. Will we see a huge drop in the future?

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.

That's what we call a perfect long. 17% on 1x and over 150% on 10x

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

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/

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.

🎓#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.

$ETH / $USD

Potential short on 4h if we drop lower.

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

$BTC / $USD

Exchange: Bybit / BitMex
Pain: XBT/USD
Entry : 9330 - 9350
Sell at 9190 - 9040 - 8972

Remember to open SHORT position!

Use 2x or 3x max

Screw the TA on this one.

https://www.tradingview.com/x/7tnZfmJh/

Do you love me or do you love me?

15% in barely 5 hours on the most valuable asset.

Fuck yeah. That's what you signed up for.

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

Short LTC @ 7170

Leveraged at 5 X

Stop-loss 7220

Targets :
7160
7140
7120
7100

Trade invalidated. Hit stop before entry. 😂

Okay here is the deal, I won't ask for a lot, just two things. Don't worry, I'm not robbing you of your wealth 😂, I will continue to provide you smashers and all I expect is

Pin us to the top and turn the notifications on. This is much better than crying over missing missed trades.

🎓#TradeUpdate 🎓
🎓 $DATA / BTC - View Chart

The asset couldn't defeat the trend down and it could not capitalize on the breakout pattern of last week. The price is trading on the the long term falling trendline. We marked this level as a rebuy if out tight stop got triggered. Our entry down here is 8% better than our previous level. Making up for any loss suffered on the first attempt. Targets remain the same up above, but we will be keeping a close eye on the price movements here.

🎓#TradeUpdate 🎓
🎓 $RLC / BTC - View Chart

🎯 Smashing Targets on iExec RLC 🎯
❇️ +23% at first target. Price remains within our cup with handle formation. Be sure to reset that portion of profit, and lets get the orders refilled bellow the 6000sat level. Trades off the white curve are likely to keep hitting targets on the way up.

Oof that was close, we jumped 3 sats before our stop. Currently trading below 8.5% of our entry but smart stop selection saved a nice chunk of about 4% loss. I'm expecting a push from here if BTC doesn't chop our legs off.

https://www.tradingview.com/x/ZNDlnR2B/

I'm having mixed opinions right now, something doesn't feel right about the last move, I wouldn't trade here.

https://www.tradingview.com/x/71jp7w3Q/

https://www.tradingview.com/x/LAzh3cE6/

Bitcoin Daily view : Labeling the EW

Hello all, Here is another analysis about bitcoin on daily based and potentially mid term bias will be covered with an elliot wave structure. Let's get it started.

If you've seen my previous analysis back at December 29, 2019. You will realize that actually this analysis is still in play with a lot of confluence reasons to support that bias. Actually, I've already anticipated this spike to the upside although the price is a bit over extended. At the previous chart, I gave the target of only $9000 region which is the golden pocket zone and still inside the channel.

And after the flashback of my previous analysis, I want to acknowledge you and do a refreshment based on my previous EW count with current condition. Based on my newest EW count, we can see that although the price has already broken out of the down trend channel, there is still a significant resistance ahead which is the confluence zone between .786 fib retracement and the grey region as the previous broken support that is now become resistance. And with this consideration, I will assume that my previous count is still valid whatsoever, as long as the price doesn't break the top of the previous X, there is still a potential C wave to the downside to complete the Z.
For the Z, I'll give the target of $6000 region which is the golden pocket zone.

For short term view, I'll show you an update later.

https://www.tradingview.com/x/yg7jINBc/

Bitcoin in short term : Expanding diagonal in C

And here it is the short term view of bitcoin which is very crucial to me. I want to give a highlight at the grey and the green region. I do believe that the grey region is becoming a very strong potential resistance for now. But, whenever you see a certain region which is very strong and gain the same bias between one and others retailers, you must anticipate the liquidation zone for the short squeeze. And the green region which located above the grey region is the liquidation zone, the most ideal zone to enter your short position when there is a huge liquidation for short.

For the oscillator indicator which is the MACD histogram, we haven't seen any sign of divergence as the reversal indication in this 4 hours time frame.

Now for the EW count, the potential C wave has formed a unique pattern which meets 2 criteria for the expanding diagonal :
1. The 4th wave has overlapped the area of the 1st wave.
2. The 5th wave could be over extended and has a potential to make the 3rd wave becomes the shortest wave which is also a failure.

As you can see, the expanding diagonal wave is usually classified as the ending wave of major trend (which we know it as an ABC pattern to complete the B wave in larger degree. Beside, the green region is moving align with the upper line as a resistance trend line.

For short term, I feel like we can see a push toward the green zone before melting down to the area of interest in longer term view.