https://www.tradingview.com/x/JM1oeUTX/
Bitcoin update : February 22nd, 2020
It looks like that the bulls has lost a lot of strength at this point. The price has made an action to test the median line of the channel but, once again it has the correction not even close to the median line. The .382 fib level is acting as a significant resistance right now.
Clear sign that the bulls are losing strength is the last wick that occur in the last 2 hours time frame. It touched the $9500 region. This shows us that there is a potential moves toward the interim swing low at around $9289 region.
Bitcoin update : February 22nd, 2020
It looks like that the bulls has lost a lot of strength at this point. The price has made an action to test the median line of the channel but, once again it has the correction not even close to the median line. The .382 fib level is acting as a significant resistance right now.
Clear sign that the bulls are losing strength is the last wick that occur in the last 2 hours time frame. It touched the $9500 region. This shows us that there is a potential moves toward the interim swing low at around $9289 region.
ETH Analysis:
We have seen today choppy price action on $BTC as well as on $ETH - as mentioned in our previous post.
$ETH is right now in an ascending channel which hasn't been broken yet. We should stay above $263.51 to continue the bullish uptrend . The next level of interest would be our weekly support at $258.85. Which would be also a great #Long opportunity. Aside from that Alts have been doing pretty well today. We will be looking into a few Alts next week and update you once we find something interesting.
We have seen today choppy price action on $BTC as well as on $ETH - as mentioned in our previous post.
$ETH is right now in an ascending channel which hasn't been broken yet. We should stay above $263.51 to continue the bullish uptrend . The next level of interest would be our weekly support at $258.85. Which would be also a great #Long opportunity. Aside from that Alts have been doing pretty well today. We will be looking into a few Alts next week and update you once we find something interesting.
Insider news time
We at HP have prided ourselves to give you information not available to the masses to give you the extra HP_EDGE, here is what's brewing:
a) Apparently a Chinese Whale suffered a sim hijack and has lost over $45 million in assets which include Bitcoin and Bitcoin Cash as majority assets. He is currently in talks with mining pools to reverse the transaction, if they don't work something out, we can expect a dump in both.
b) The recent Bianance listing was more of a buyout by CZ to the company to cover-up hidden expenses of Binance. They seem to operate in the grey.
We at HP have prided ourselves to give you information not available to the masses to give you the extra HP_EDGE, here is what's brewing:
a) Apparently a Chinese Whale suffered a sim hijack and has lost over $45 million in assets which include Bitcoin and Bitcoin Cash as majority assets. He is currently in talks with mining pools to reverse the transaction, if they don't work something out, we can expect a dump in both.
b) The recent Bianance listing was more of a buyout by CZ to the company to cover-up hidden expenses of Binance. They seem to operate in the grey.
https://www.tradingview.com/x/dxEgxkLK/
Ethereum February 22nd, 2020
Facing the major resistance around $270 and $280. We have seen the price has tried to breach this area of resistance but it ends up failing on both attempt. So far forming higher low with flat top. Potentially to enter the consolidation phase so, I'll recommend not to take any position until we see a breaks out between both direction.
Ethereum February 22nd, 2020
Facing the major resistance around $270 and $280. We have seen the price has tried to breach this area of resistance but it ends up failing on both attempt. So far forming higher low with flat top. Potentially to enter the consolidation phase so, I'll recommend not to take any position until we see a breaks out between both direction.
https://charts.cointrader.pro/snapshot/RkEQE
Altcoins dominance February 22nd, 2020
Hello all, Happy weekend for all of you and here in this post, we will provide the analysis about current altcoin dominance here. However, there is only 1 absolute correlation between alt dominance and btc dominance, it's absolute negative.
We can see on the chart applied that the dominance is trying to breaks the upper resistance trend line which act as a major resistance on high degree of cycle. This condition is having a negative correlation with bitcoin dominance which is currently breaks the major support. I'm targeting the gray zone for altcoin dominance in specific if the dominance can breaks current resistance trend line.
And if the dominance can even reach the gray zone, there will be a huge moves to the upside for most of altcoins. I personally look at top 20 altcoins on the CMC rank which have the most potential spike if this condition occurs.
Altcoins dominance February 22nd, 2020
Hello all, Happy weekend for all of you and here in this post, we will provide the analysis about current altcoin dominance here. However, there is only 1 absolute correlation between alt dominance and btc dominance, it's absolute negative.
We can see on the chart applied that the dominance is trying to breaks the upper resistance trend line which act as a major resistance on high degree of cycle. This condition is having a negative correlation with bitcoin dominance which is currently breaks the major support. I'm targeting the gray zone for altcoin dominance in specific if the dominance can breaks current resistance trend line.
And if the dominance can even reach the gray zone, there will be a huge moves to the upside for most of altcoins. I personally look at top 20 altcoins on the CMC rank which have the most potential spike if this condition occurs.
charts.cointrader.pro
CoinTrader.Pro Chart Viewer
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Current open positions:
$BTCUSD from $9,600 - BTC Analysis
$ETHUSD from $258.50 - ETH Analysis
Note: Our Stop Loss has been moved to entry. ✅
$BTC addresses with non-zero balances are at an all time high. What's more surprising is that we are even higher than when we were near $20,000. Hard to not be bullish on this kind of distribution and adoption (long term).
$BTCUSD from $9,600 - BTC Analysis
$ETHUSD from $258.50 - ETH Analysis
Note: Our Stop Loss has been moved to entry. ✅
$BTC addresses with non-zero balances are at an all time high. What's more surprising is that we are even higher than when we were near $20,000. Hard to not be bullish on this kind of distribution and adoption (long term).
$BTC and $ETH are both 4% + up since our call! We are seeing the predicted price action. Congrats to everyone that followed our call! 🚀
$BTC is right now at $9,940 weekly resistance.
Feel free to take some profits.
$BTC is right now at $9,940 weekly resistance.
Feel free to take some profits.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$WRX / $BTC Looks like the altcoin market is regaining momentum. The newest launchpad is still in price discovery mode. Let's see how this plays out.
$WRX / BTC
Boom! Cleared all small resistance and spiked over 10% the following day
Boom! Cleared all small resistance and spiked over 10% the following day
https://www.tradingview.com/x/R6iKjNUg
Bitcoin : cross point zone
Happy Sunday all! Actually I don't want to do any update on this Sunday. But, the last spike that is close to the area of $10,000 region is looking crucial for me and I really think that you need this update.
The latest spike to the upside has brought bitcoin to breaches the median line of the down trend channel which I've anticipated previously. Currently the price is trending around $9900 region which is slightly below the Golden pocket zone around $10,000 - $10,070 region.
And the another level to see is the yellow trend line which has held the price since January 3rd 2019. This level was a broken support previously but, after we see this kind of break out, I absolutely expect an action of retesting this area as the resistance. Beside, this area forms a cross point with the upper line of the down trend channel and this golden pocket zone.
Any rejection toward this level will lead the price to further sell off.
Bitcoin : cross point zone
Happy Sunday all! Actually I don't want to do any update on this Sunday. But, the last spike that is close to the area of $10,000 region is looking crucial for me and I really think that you need this update.
The latest spike to the upside has brought bitcoin to breaches the median line of the down trend channel which I've anticipated previously. Currently the price is trending around $9900 region which is slightly below the Golden pocket zone around $10,000 - $10,070 region.
And the another level to see is the yellow trend line which has held the price since January 3rd 2019. This level was a broken support previously but, after we see this kind of break out, I absolutely expect an action of retesting this area as the resistance. Beside, this area forms a cross point with the upper line of the down trend channel and this golden pocket zone.
Any rejection toward this level will lead the price to further sell off.
Guys I hate to not talk to y'all ever single day but something really amazing is cooking at HP team wagon. Forgive us for papering you!
Love P.
Love P.
$BTC / $USD BITMEX 1D
The following are my interpretations. We can see a strong buy power flowing into the market at current prices. Temperory support has been established and bears seem to be weak to drag anything further. A nice bounce from $9450 levels can be expected as it is an essential 200 MA support on the 4h.
In general the trend remains bullish and a mid term target is set at $10,800. Bag holders can start accumulating.
https://www.tradingview.com/x/roNCne0X/
The following are my interpretations. We can see a strong buy power flowing into the market at current prices. Temperory support has been established and bears seem to be weak to drag anything further. A nice bounce from $9450 levels can be expected as it is an essential 200 MA support on the 4h.
In general the trend remains bullish and a mid term target is set at $10,800. Bag holders can start accumulating.
https://www.tradingview.com/x/roNCne0X/
https://www.tradingview.com/x/QaWf7bqa
Ripple February 24th, 2020
First, I'll cover the xrp with USD pair analysis, this time I want to use the weekly chart to show us much more clear bias in the near future.
From the perspective of this chart presented, we see a major resistance at the white zone around the $0.30 and in the previous 2 weeks, we have seen the price tried to breaks this resistance zone but it was only producing a nasty wick to the upside.
$0.30 resistance zone is actually the Most crucial key level for XRP because it was the broken support previously and the test toward this region lately is no more than the phase 2 of the break out strategy.
With the latest rejection candle, I see more bearish pressure than bullish. For now, I still don't see any bullish sign for Ripple and for the short term, I'm expecting a test toward $0.16 region
Ripple February 24th, 2020
First, I'll cover the xrp with USD pair analysis, this time I want to use the weekly chart to show us much more clear bias in the near future.
From the perspective of this chart presented, we see a major resistance at the white zone around the $0.30 and in the previous 2 weeks, we have seen the price tried to breaks this resistance zone but it was only producing a nasty wick to the upside.
$0.30 resistance zone is actually the Most crucial key level for XRP because it was the broken support previously and the test toward this region lately is no more than the phase 2 of the break out strategy.
With the latest rejection candle, I see more bearish pressure than bullish. For now, I still don't see any bullish sign for Ripple and for the short term, I'm expecting a test toward $0.16 region
https://www.tradingview.com/x/ZjFS0XuI
$XRP / $BTC pair is extra bearish
Looking at the btc pair on ripple, there isn't significant difference with the fiat pair. the price has already formed a very bearish pattern with the Head and shoulder is in valid form.
I'll expect 2500 satoshi for short term target of ripple. The price however is very bearish for now.
$XRP / $BTC pair is extra bearish
Looking at the btc pair on ripple, there isn't significant difference with the fiat pair. the price has already formed a very bearish pattern with the Head and shoulder is in valid form.
I'll expect 2500 satoshi for short term target of ripple. The price however is very bearish for now.
https://www.tradingview.com/x/aqnQa5Ig/
Bitcoin : Trending at support but Bear is lurking (hard)
Hello, welcome back again with my analysis of bitcoin. we've seen a very volatile days in the last 1 month, especially after the price touched the interim swing high and got rejected. However, this play is pretty healthy for bitcoin when the asset class like bitcoin touches the high volatility region like this. here it is my highly detailed analysis about bitcoin. Enjoy!
Looking at the chart presented, I have some confluence reasons that could play a significant role for bitcoin and the first thing highlighted is the white region where the price is trending right now. This is clearly a huge support zone for bitcoin, simply because this was a previous broken resistance that is now become support as well. And this drop could be the retest of the previous broke out action. But, the main question is will this support hold?
The 2nd thing that I want to highlight is the price action in the last 12 days, when the price has broken out of the previous resistance. After the price breached the previous resistance zone and touched the interim swing high, at least I find 2 bearish engulfing candle on the daily time frame and 1 price action that rejected from the green minor resistance zone. This kind of condition makes me assume that the stakeholders don't have the confidence of potential growth.
The 3rd think is that the price is still trending at the down trend parallel channel and with yesterday's bearish action, we can see that the daily candle has closed below the median line of the channel. This means that there is a huge possibility of the price to test the lower line of the channel which is around $9188 region. Breaking below this, will lead the price for further sell off to $8000 region.
Last thing that I want to highlight is the oscillator indicator on MACD and RSI. On the RSI, it is entering the neutral zone between 40 - 60 level, but the line is still curving down and this could continue its drop to neutral bearish zone. And worse for MACD, the histogram is ticking down to the downside and it's currently on the negative area which show us that the bears are in control.
I see a lot of confluence reasons for the price to print another lower low and lower high structure which is the indication of further sell off in the market. But, as long as current support is still holding, never use the significant amount of capital to enter the short. Laddering down the short position after it breaks current support zone is way wiser.
Bitcoin : Trending at support but Bear is lurking (hard)
Hello, welcome back again with my analysis of bitcoin. we've seen a very volatile days in the last 1 month, especially after the price touched the interim swing high and got rejected. However, this play is pretty healthy for bitcoin when the asset class like bitcoin touches the high volatility region like this. here it is my highly detailed analysis about bitcoin. Enjoy!
Looking at the chart presented, I have some confluence reasons that could play a significant role for bitcoin and the first thing highlighted is the white region where the price is trending right now. This is clearly a huge support zone for bitcoin, simply because this was a previous broken resistance that is now become support as well. And this drop could be the retest of the previous broke out action. But, the main question is will this support hold?
The 2nd thing that I want to highlight is the price action in the last 12 days, when the price has broken out of the previous resistance. After the price breached the previous resistance zone and touched the interim swing high, at least I find 2 bearish engulfing candle on the daily time frame and 1 price action that rejected from the green minor resistance zone. This kind of condition makes me assume that the stakeholders don't have the confidence of potential growth.
The 3rd think is that the price is still trending at the down trend parallel channel and with yesterday's bearish action, we can see that the daily candle has closed below the median line of the channel. This means that there is a huge possibility of the price to test the lower line of the channel which is around $9188 region. Breaking below this, will lead the price for further sell off to $8000 region.
Last thing that I want to highlight is the oscillator indicator on MACD and RSI. On the RSI, it is entering the neutral zone between 40 - 60 level, but the line is still curving down and this could continue its drop to neutral bearish zone. And worse for MACD, the histogram is ticking down to the downside and it's currently on the negative area which show us that the bears are in control.
I see a lot of confluence reasons for the price to print another lower low and lower high structure which is the indication of further sell off in the market. But, as long as current support is still holding, never use the significant amount of capital to enter the short. Laddering down the short position after it breaks current support zone is way wiser.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$BTC / $USD BITMEX 1D The following are my interpretations. We can see a strong buy power flowing into the market at current prices. Temperory support has been established and bears seem to be weak to drag anything further. A nice bounce from $9450 levels…
$BTC / $USD
Hit news! HP nailed another analysis. Agh, this is getting ridiculously easy, you already know how darn accurate we have been, to the very dollar.
https://www.tradingview.com/x/6dVzLHnn/
Hit news! HP nailed another analysis. Agh, this is getting ridiculously easy, you already know how darn accurate we have been, to the very dollar.
https://www.tradingview.com/x/6dVzLHnn/
🥎 Open LONG for the price between $9190.0 - $9230.0 with 1% of your deposit with cross leverage.
🍒 Targets:
1) Close the position at the price $9245.0
2) Close the position at the price $9255.0
3) Close the position at the price $9275.0
4) Close the position at the price $9290.0
5) Close the position at the price $9310.0
6) Close the position at the price $9330.0
7) Close the position at the price $9355.0
❌ STOP LOSS: 9070.0$
🍒 Targets:
1) Close the position at the price $9245.0
2) Close the position at the price $9255.0
3) Close the position at the price $9275.0
4) Close the position at the price $9290.0
5) Close the position at the price $9310.0
6) Close the position at the price $9330.0
7) Close the position at the price $9355.0
❌ STOP LOSS: 9070.0$
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🥎 Open LONG for the price between $9190.0 - $9230.0 with 1% of your deposit with cross leverage. 🍒 Targets: 1) Close the position at the price $9245.0 2) Close the position at the price $9255.0 3) Close the position at the price $9275.0 4) Close the position…
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Bam-wham thank you ma'am!
Three targets cleaned out and now almost barging into the rest. Reduce position to 30% of initial.
Current profit: 53%
Three targets cleaned out and now almost barging into the rest. Reduce position to 30% of initial.
Current profit: 53%
https://www.tradingview.com/x/x1xnfzip/
I've warned you about this potential drop yesterday. And kindly want to congratulate you who have followed my short call yesterday. And here is the quick analysis about bitcoin. This white support trend line is likely to be tested in near future. This area is having an alignment with the .5 fib level which is around $8500 region. we might see this area of support for now.
I'm not sure that the price will bounce from this trend line support but, knowing that this line has already held the price since December 2019. More detail analysis will be updated later
I've warned you about this potential drop yesterday. And kindly want to congratulate you who have followed my short call yesterday. And here is the quick analysis about bitcoin. This white support trend line is likely to be tested in near future. This area is having an alignment with the .5 fib level which is around $8500 region. we might see this area of support for now.
I'm not sure that the price will bounce from this trend line support but, knowing that this line has already held the price since December 2019. More detail analysis will be updated later