Bitcoin : Bullish momentum is diminishing
Hello All, here I show you the details about bitcoin. Let's get started!
We have seen a huge push to the upside for the price and it's now entering the huge area of resistance too. In this chart work, I will give a highlight especially on the oscillator indicator that usually has a very important roles on my trading strategy.
Based on the RSI, we've seen a sign of bearish divergence as an indication for reversal pattern. The RSI has entered the overbought region and it has a significantly lower high on RSI but higher high on the price action.
And on the MACD, I see a potential of death cross on the MA line as the histogram is starting losing some strength with ticking down comparing the previous histogram. And if we see deeper to compare with the previous top of the histogram cycle, the histogram is having a lower high too.
The alignment between MACD and the RSI makes me believe that bitcoin will have a correction in near future. That's why I'm targeting the blue region below as a support for possible touch if this bias hold true. And although my bias is the correction is imminent, I haven't shorted the market yet. It simply because I've seen a very thick sell order around $9900 on the bitfinex. And considering there is potentially very volatile movement when the price touches that area, I'll wait for the consolidation pattern to be formed in lower time frame such as 1 hour and 2 hours time frame to enter short position.
https://www.tradingview.com/x/kTiQ5Qj3/
Hello All, here I show you the details about bitcoin. Let's get started!
We have seen a huge push to the upside for the price and it's now entering the huge area of resistance too. In this chart work, I will give a highlight especially on the oscillator indicator that usually has a very important roles on my trading strategy.
Based on the RSI, we've seen a sign of bearish divergence as an indication for reversal pattern. The RSI has entered the overbought region and it has a significantly lower high on RSI but higher high on the price action.
And on the MACD, I see a potential of death cross on the MA line as the histogram is starting losing some strength with ticking down comparing the previous histogram. And if we see deeper to compare with the previous top of the histogram cycle, the histogram is having a lower high too.
The alignment between MACD and the RSI makes me believe that bitcoin will have a correction in near future. That's why I'm targeting the blue region below as a support for possible touch if this bias hold true. And although my bias is the correction is imminent, I haven't shorted the market yet. It simply because I've seen a very thick sell order around $9900 on the bitfinex. And considering there is potentially very volatile movement when the price touches that area, I'll wait for the consolidation pattern to be formed in lower time frame such as 1 hour and 2 hours time frame to enter short position.
https://www.tradingview.com/x/kTiQ5Qj3/
Apologies for the reduction in content today. I'm a little busy working on a script and strategy that would put all the "part-time" traders on the driving seat.
Will put out a few charts in a couple of hours.
Will put out a few charts in a couple of hours.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$BSV / $USD Satoshi Vision has proved to be a shill bag coin soon after Craig White introduced it. No News = No Pump. Simple as it gets. Here we see a rising wedge that could possible breakdown 18% from its current value. Trade smart. https://www.tradin…
#TradeUpdate
$BSV came crashing down like a ton of bricks.
Fair 4.8% on spot and over 45% on 10X.
That's my boy!
Lock in 30% of the profits here and move stop loss to $310
https://www.tradingview.com/x/s99NFYs5/
$BSV came crashing down like a ton of bricks.
Fair 4.8% on spot and over 45% on 10X.
That's my boy!
Lock in 30% of the profits here and move stop loss to $310
https://www.tradingview.com/x/s99NFYs5/
$LTC / $USD
Often termed as the market leader, Litecoin has seen beautiful days in the previous week and has rose gardens in the near future. Cup and Handle played out fabulously adding over ten dollars from the breakout price. Going by the traditional rules, the target is set at the height equal to that of the cup.
It is important to note that the Fib and psychological $80 mark might offer some resistance. Nevertheless we will be moving higher on this one.
https://www.tradingview.com/x/iKwdENHL/
Often termed as the market leader, Litecoin has seen beautiful days in the previous week and has rose gardens in the near future. Cup and Handle played out fabulously adding over ten dollars from the breakout price. Going by the traditional rules, the target is set at the height equal to that of the cup.
It is important to note that the Fib and psychological $80 mark might offer some resistance. Nevertheless we will be moving higher on this one.
https://www.tradingview.com/x/iKwdENHL/
🎓#TradeUpdate 🎓
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
🚩 Margin: x5
🔸Status: Ontology has performed well for us so far. It has been grappling with the resistance level set out by the previous wave down, but it has beaten the high from that zone just to the left on the chart.
That resistance could well have been flipped by now. Bitcoin fell off a fair deal over night and I'm seeing that many Altcoins are testing and establishing support for the next moves. It appears that ONT has held and rebounded, but Its about time we tighten the stop and reduce the risk to profitable number. Raising the stop trigger to just bellow the local action.
❇️Position is up 75% (+15% x5 🚩)
🔸Current Price: 8710sats
❇️Entry: 7550sats
🎯Targets: 9780sats, 11500sats, 15300sats
⤴️Exit: In profit - 8090sats
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #27
Exchange: Binance
Direction: LONG
🚩 Margin: x5
🔸Status: Ontology has performed well for us so far. It has been grappling with the resistance level set out by the previous wave down, but it has beaten the high from that zone just to the left on the chart.
That resistance could well have been flipped by now. Bitcoin fell off a fair deal over night and I'm seeing that many Altcoins are testing and establishing support for the next moves. It appears that ONT has held and rebounded, but Its about time we tighten the stop and reduce the risk to profitable number. Raising the stop trigger to just bellow the local action.
❇️Position is up 75% (+15% x5 🚩)
🔸Current Price: 8710sats
❇️Entry: 7550sats
🎯Targets: 9780sats, 11500sats, 15300sats
⤴️Exit: In profit - 8090sats
🎓#TradeUpdate 🎓
🎓 $SNM / BTC - View Chart
🔸Signal Info: SONM
Rank: #484
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Sonm has been a rather boring trade, but Its has held its levels. Allot like the ONT trade, breakout was effective, and price has been nudging the resistance set out in the broken wedge to the left.
The price has overcome this resistance for the most part, and that means we might have support for another leg up. Hoping for a target of +22% which is just up ahead. We about half way there sitting at about 10% right now.
🔸Current Price: 144sats
❇️Entry: 132sats (Average Entry)
🎯Take Profit: 160sats, 190sats, 238sats
⤴️Stop Limit: 135sats (+3%)
🎓 $SNM / BTC - View Chart
🔸Signal Info: SONM
Rank: #484
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Sonm has been a rather boring trade, but Its has held its levels. Allot like the ONT trade, breakout was effective, and price has been nudging the resistance set out in the broken wedge to the left.
The price has overcome this resistance for the most part, and that means we might have support for another leg up. Hoping for a target of +22% which is just up ahead. We about half way there sitting at about 10% right now.
🔸Current Price: 144sats
❇️Entry: 132sats (Average Entry)
🎯Take Profit: 160sats, 190sats, 238sats
⤴️Stop Limit: 135sats (+3%)
🎓#TradeUpdate 🎓
🎓 $XMR / BTC - View Chart
🔸Signal Info: Monero
Rank: #14
Exchange: Binance (Trade)
Direction: LONG
🔸Status: This setup on Monero was set out as a breakout trade, so the profitability has been a bit low compared to some of our trades. With that said, the asset if coming off of a major low.
The 4h time frame here doesn't quite bring this through so well. What we are looking as here is indeed a solid double bottom formation very visible on a weekly time frame. Many signals on the larger times frames say that this undervalued giant will just explode any day now.
🔸Current Price: 0.008077
❇️Entry: 0.007650
🎯Take Profit: 0.0092, 0.01085, Open
⤴️Stop Limit: Breakeven 0.007650 (0%)
🎓 $XMR / BTC - View Chart
🔸Signal Info: Monero
Rank: #14
Exchange: Binance (Trade)
Direction: LONG
🔸Status: This setup on Monero was set out as a breakout trade, so the profitability has been a bit low compared to some of our trades. With that said, the asset if coming off of a major low.
The 4h time frame here doesn't quite bring this through so well. What we are looking as here is indeed a solid double bottom formation very visible on a weekly time frame. Many signals on the larger times frames say that this undervalued giant will just explode any day now.
🔸Current Price: 0.008077
❇️Entry: 0.007650
🎯Take Profit: 0.0092, 0.01085, Open
⤴️Stop Limit: Breakeven 0.007650 (0%)
🎓#TradeUpdate 🎓
🎓 $BTG / BTC - View Chart
🔸Status: Bitcoin gold has seen slightly increased volume right after our call. Still low, but price made a high of 15%. The failure to sustain the breakout caused the wedge formation fractal to keep playing out. There is a new trendline to break.
Either way, the price action on Bitcoin gold looks stunning, its still good for an entry if you haven't gotten in yet. The same entry seems like it could be triggered again before the run.
🔸Current Price: 0.001222 (+3%)
❇️Entry: 0.001185 (Breakout)
🎯Take Profit: 0.001410, 0.001770, Open
♦️Stop Limit: 0.001095 (-7.5%)
🎓 $BTG / BTC - View Chart
🔸Status: Bitcoin gold has seen slightly increased volume right after our call. Still low, but price made a high of 15%. The failure to sustain the breakout caused the wedge formation fractal to keep playing out. There is a new trendline to break.
Either way, the price action on Bitcoin gold looks stunning, its still good for an entry if you haven't gotten in yet. The same entry seems like it could be triggered again before the run.
🔸Current Price: 0.001222 (+3%)
❇️Entry: 0.001185 (Breakout)
🎯Take Profit: 0.001410, 0.001770, Open
♦️Stop Limit: 0.001095 (-7.5%)
🎓#TradeUpdate 🎓
🎓 $ZRX / BTC - View Chart
🔸Signal Info: 0x
Rank: #41
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Missed the entry on this beauty 🌝
🔸Current Price: 2869sats (+13%)
❇️Entry: 2540sats
🎯Take Profit: 3477sats, 4245sats, Open
♦️Stop Limit: 2436sats (-4%)
📊Re-entry level: 2313sats
🎓 $ZRX / BTC - View Chart
🔸Signal Info: 0x
Rank: #41
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Missed the entry on this beauty 🌝
🔸Current Price: 2869sats (+13%)
❇️Entry: 2540sats
🎯Take Profit: 3477sats, 4245sats, Open
♦️Stop Limit: 2436sats (-4%)
📊Re-entry level: 2313sats
🎓#TradeUpdate 🎓
🎓 $DATA / BTC - View Chart
🔸Status: We managed to snatch a smashing entry on the DATA coin. I've reworked the chart a little, the pitchfork channel channel looked allot more viable than all the micro wedge formations.
I drew it up and indeed, the price action has been respecting the falling support and resistance since early December last year! Price is currently working its way though resistance, and we are up almost 15% on the trade. A late entry here looks pretty viable. A trade off the channel midline should be profitable.
🔸Current Price: 172sats (+14.3%)
❇️Entry: 150sats
🎯Take Profit: 234sats, 331sats, 399sats
♦️Stop Limit: Breakeven 150sats (0%)
🎓 $DATA / BTC - View Chart
🔸Status: We managed to snatch a smashing entry on the DATA coin. I've reworked the chart a little, the pitchfork channel channel looked allot more viable than all the micro wedge formations.
I drew it up and indeed, the price action has been respecting the falling support and resistance since early December last year! Price is currently working its way though resistance, and we are up almost 15% on the trade. A late entry here looks pretty viable. A trade off the channel midline should be profitable.
🔸Current Price: 172sats (+14.3%)
❇️Entry: 150sats
🎯Take Profit: 234sats, 331sats, 399sats
♦️Stop Limit: Breakeven 150sats (0%)
🎓 #TradeUpdate 🎓
🎓 $EOS / BTC - View Chart
🔸Status: Looks like we have a nice breakout on EOS taking place as we speak. This is a new 212day high, how lovely!
The price has deviated from the double trendline I drew at first. One to the candle close trend, one to the visual trending line. That's no bought rather bullish, and slow trending build ups like there can often blow up into much bigger moves.
The little bock that formed just above the horizontal white line also just looks so stunning. This is a smashing technical chart.
🎯 Targets coming up: 0.0005498 (+32%)
🔸Current Price: 0.0004841 (+16%)
❇️Entry: 0.0004163
🎓 $EOS / BTC - View Chart
🔸Status: Looks like we have a nice breakout on EOS taking place as we speak. This is a new 212day high, how lovely!
The price has deviated from the double trendline I drew at first. One to the candle close trend, one to the visual trending line. That's no bought rather bullish, and slow trending build ups like there can often blow up into much bigger moves.
The little bock that formed just above the horizontal white line also just looks so stunning. This is a smashing technical chart.
🎯 Targets coming up: 0.0005498 (+32%)
🔸Current Price: 0.0004841 (+16%)
❇️Entry: 0.0004163
🎓#TradeUpdate 🎓
🎓 $RLC / BTC - View Chart
🔸Status: I'm so pleased with myself for calling out this patter almost two months ago and it still stays true to form until today. It's even beating the curve!
It's great to be right, and over time, it builds the confidence you need to be able to handle increasing amounts of capital with reduced levels of stress. That balance for me is what it means to be a great and successful trader.
🔸Current Price: 7642sats (+33%)
❇️Entry: 5680sats, 5110sats
🎯Take Profit: 7030sats, 8520sats, 10160sats
⤴️Stop Limit: Target 1 - 7030sats (+23%)
🎓 $RLC / BTC - View Chart
🔸Status: I'm so pleased with myself for calling out this patter almost two months ago and it still stays true to form until today. It's even beating the curve!
It's great to be right, and over time, it builds the confidence you need to be able to handle increasing amounts of capital with reduced levels of stress. That balance for me is what it means to be a great and successful trader.
🔸Current Price: 7642sats (+33%)
❇️Entry: 5680sats, 5110sats
🎯Take Profit: 7030sats, 8520sats, 10160sats
⤴️Stop Limit: Target 1 - 7030sats (+23%)
🎓#TradeUpdate 🎓
🎓 $MTL / BTC - View Chart
🔸Signal Info: Metal
Rank: #166
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Great trade on Metal. The position was closed off at +32% profit which is nice. The right way to handle this move though, would have been to dump the rest of the stack after it made +60% and we were looking at it.
These types of moves can be very profitable, but its the work of an active trader. Pretty much all setups set out a standard risk reward ratio, so and so percentage profits and maybe so much loss. The reality however, is that there is always a whole lot more profit in the price action on the chart.
Every spike can be sold, and aggressive rebuys can multiply the profits between targets tenfold. I have always considered this as something we could only offer as part of a premium service, so for now, we take it slow and we seek a re entry on this trade a bit lower down.
🎯+32% profit at the close!
🔸Current Price: 3345sats
❇️Re - Entry: 3092sats (Limit orders set)
🎯Take Profit: 3894sats (Bumped), 4650sats, 5565sats
🎓 $MTL / BTC - View Chart
🔸Signal Info: Metal
Rank: #166
Exchange: Binance (Trade)
Direction: LONG
🔸Status: Great trade on Metal. The position was closed off at +32% profit which is nice. The right way to handle this move though, would have been to dump the rest of the stack after it made +60% and we were looking at it.
These types of moves can be very profitable, but its the work of an active trader. Pretty much all setups set out a standard risk reward ratio, so and so percentage profits and maybe so much loss. The reality however, is that there is always a whole lot more profit in the price action on the chart.
Every spike can be sold, and aggressive rebuys can multiply the profits between targets tenfold. I have always considered this as something we could only offer as part of a premium service, so for now, we take it slow and we seek a re entry on this trade a bit lower down.
🎯+32% profit at the close!
🔸Current Price: 3345sats
❇️Re - Entry: 3092sats (Limit orders set)
🎯Take Profit: 3894sats (Bumped), 4650sats, 5565sats
🎓#MarketUpdate 🎓
🎓 $WRX / BTC - View Chart
💹 WazirX went on to make an astounding +150% high after we gave notice. We did not call for an officially entry, but I was not about to call a hail marry on fresh chart before bed.
Again, with a more active and life approach to trading these events can be hugely profitable. In hindsight, a little fundamental analysis on the general market overview might have inspired the confidence to call an entry and a stop on this trade. We are clearly hyping in some sort of alt season here, and when better to launch a nice new coin for traders to have a go at!
🔸Exchange: Binance (Trade)
🎓 $WRX / BTC - View Chart
💹 WazirX went on to make an astounding +150% high after we gave notice. We did not call for an officially entry, but I was not about to call a hail marry on fresh chart before bed.
Again, with a more active and life approach to trading these events can be hugely profitable. In hindsight, a little fundamental analysis on the general market overview might have inspired the confidence to call an entry and a stop on this trade. We are clearly hyping in some sort of alt season here, and when better to launch a nice new coin for traders to have a go at!
🔸Exchange: Binance (Trade)
$MATIC / $BTC
Started charting this before bitcoin broke out and surprisingly it holds good even today. I see a homerun or strike and out move here. If it bounces off from this level, we can see a parabolic move, else the coin is fucked.
🔸Current Price: 220sats
❇️Entry: 220sats, 203sats, 194sats
🎯Take Profit: 243sats, 292sats, 317sats
⤴️Stop Limit: 9%
💰Risk reward : 3.75
https://www.tradingview.com/x/fjEkLfjS/
Started charting this before bitcoin broke out and surprisingly it holds good even today. I see a homerun or strike and out move here. If it bounces off from this level, we can see a parabolic move, else the coin is fucked.
🔸Current Price: 220sats
❇️Entry: 220sats, 203sats, 194sats
🎯Take Profit: 243sats, 292sats, 317sats
⤴️Stop Limit: 9%
💰Risk reward : 3.75
https://www.tradingview.com/x/fjEkLfjS/
Side note : Justin Sun literally wants us to buy his shitcoin.
https://twitter.com/petermccormack/status/1226358690678288384
https://twitter.com/petermccormack/status/1226358690678288384
Twitter
Peter McCormack ☠️
My exclusive interview with @justinsuntron is now available. Hot tip for a Pulitzer.
https://www.tradingview.com/x/WxTAJfyC/
Continuing the previous bias on bitcoin
Just like what you've seen yesterday and what I've already anticipated, 1 more spike to the upside has already formed and on the 4 hours chart we've seen a hanging man candle giving a sign of the bulls are getting exhausted.
Beside that, the MACD histogram still printing lower high. For the RSI, nothing has changed from the previous bias with a potential bearish divergence.
Although the price has sustained above the $10000 region in the last 12 hours, I still have a lot of concern with the liquidation zone (green). There will be a huge volatility occurs in this area.
Yellow line is still becoming the key support trend line to enter short position. For now, waiting patiently for the break down of the yellow support trend line.
Continuing the previous bias on bitcoin
Just like what you've seen yesterday and what I've already anticipated, 1 more spike to the upside has already formed and on the 4 hours chart we've seen a hanging man candle giving a sign of the bulls are getting exhausted.
Beside that, the MACD histogram still printing lower high. For the RSI, nothing has changed from the previous bias with a potential bearish divergence.
Although the price has sustained above the $10000 region in the last 12 hours, I still have a lot of concern with the liquidation zone (green). There will be a huge volatility occurs in this area.
Yellow line is still becoming the key support trend line to enter short position. For now, waiting patiently for the break down of the yellow support trend line.
https://www.tradingview.com/x/NkITBlIS/
We have seen a breaking down action of bitcoin. So, what does it mean? (refering to my last update.)
We have seen a breaking down action of bitcoin. So, what does it mean? (refering to my last update.)
https://www.tradingview.com/x/TuBfIw3v/
Ethereum : Major resistance and liquidation zone
Hello all, this will be a quick update analysis about Ethereum. Let's get it started!
Red zone is the liquidation zone
White zone is the resistance area
The price however is in its decent parabolic bull run since December 2019. And since the parabolic bull run, we haven't seen any significant corrective pattern. This time could be different for ethereum. The reason why I believe there will be a significant correction is based on these 3 factors :
1. Although the price has already broken out of the white resistance trend line, it's now testing the liquidation zone as it has a confluence with the white trend line and the .382 fibs level as a major resistance. White trend line is the previous broken support that is now become resistance as well.
2. The MACD histogram has a potential of ticking down on daily time frame. This will indicate that the bulls is losing strength
3. Looking at the green zone, it's beautifully aligning with the yellow line which is the previous broken resistance that is now become support. Since the price has broken out of this yellow line as resistance, we haven't seen any retest toward this line as a support to confirm the phase 2 of my break out strategy.
We might see a correction in the upcoming days. The additional reasons why I believe that there is now a shifting period from bulls to bears is that bitcoin potentially will have its major correction to the do
Ethereum : Major resistance and liquidation zone
Hello all, this will be a quick update analysis about Ethereum. Let's get it started!
Red zone is the liquidation zone
White zone is the resistance area
The price however is in its decent parabolic bull run since December 2019. And since the parabolic bull run, we haven't seen any significant corrective pattern. This time could be different for ethereum. The reason why I believe there will be a significant correction is based on these 3 factors :
1. Although the price has already broken out of the white resistance trend line, it's now testing the liquidation zone as it has a confluence with the white trend line and the .382 fibs level as a major resistance. White trend line is the previous broken support that is now become resistance as well.
2. The MACD histogram has a potential of ticking down on daily time frame. This will indicate that the bulls is losing strength
3. Looking at the green zone, it's beautifully aligning with the yellow line which is the previous broken resistance that is now become support. Since the price has broken out of this yellow line as resistance, we haven't seen any retest toward this line as a support to confirm the phase 2 of my break out strategy.
We might see a correction in the upcoming days. The additional reasons why I believe that there is now a shifting period from bulls to bears is that bitcoin potentially will have its major correction to the do
🎓#TradeUpdate 🎓
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #26
Exchange: Binance
Direction: LONG
🚩 Margin: x5
🔸Status: Massive first target achieved on Ontology, absolutely smashing!
🎯T1 closed for +147% (+29.4% x5 🚩)
🔸Current Price: 8710sats
❇️Entry: 7550sats
🎯Targets: 9780sats, 11500sats, 15300sats
⤴️Exit: In profit - 8880sats (Adjusted)
🎓 $ONT / BTC - View Chart
🔸Signal Info: Ontology
Rank: #26
Exchange: Binance
Direction: LONG
🚩 Margin: x5
🔸Status: Massive first target achieved on Ontology, absolutely smashing!
🎯T1 closed for +147% (+29.4% x5 🚩)
🔸Current Price: 8710sats
❇️Entry: 7550sats
🎯Targets: 9780sats, 11500sats, 15300sats
⤴️Exit: In profit - 8880sats (Adjusted)