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
https://www.tradingview.com/x/9YKGxBPd/
Bitcoin : Down we go!
Hello all, we have seen a very violent drop today of bitcoin. Will this down trend moves continue?
Looking at the chart presented, we have seen a very violent drop for bitcoin . The price has dropped for more than 17% since it reached the interim swing high on February 13th, 2020. I want to give highlight to some levels and factors of bitcoin:
1. Red dynamic line is the 200 Moving average on daily based. we have seen that the price is now trending just slightly above this dynamic support. We have to be aware of this level. if it breaks, we'll see trend continuation to lower support zone
2. Support trend line has already formed since December 2019. We can assume this area as a potential support to catch any bounce.
3. The golden pocket zone however will always be a very crucial level for any asset. And the golden pocket zone is having an alignment with the $8000 region as the area of heavy price action. we could see this area as a potential bounce area.
We have seen 3 crucial supports that we should watch in middle term. But, how is the sentiment and the momentum in the market? I see some factors that will be good to identify current bias
1. MACD : For some reasons, MACD is actually very bearish with the ticking down histogram comparing the previous close and the moving average is curving down to reach the negative area.
2. RSI : it's entering below 40 zone which is potentially the bearish zone and whenever the RSI entered this zone in the past, there was a massive sell off in the market.
3. Price action : Since the price reached the interim swing high since February 13th , there were some bearish type of candles has formed. And with the last 3 days candle with a huge red, is showing us the the massive sell off is occuring now.
Looking at the above analysis, I feel like there could be a push toward the downside is likely for bitcoin. 3 areas of supports that I've mentioned above could be a nice place for bounce but, we must always assume it as a relief rally only. I see that in the long term, there is still far from the bottom, maybe there might be a possibility for making lower low in higher degree. For now, just be focus on the 3 areas mentioned above to catch a little potential bounce.
Bitcoin : Down we go!
Hello all, we have seen a very violent drop today of bitcoin. Will this down trend moves continue?
Looking at the chart presented, we have seen a very violent drop for bitcoin . The price has dropped for more than 17% since it reached the interim swing high on February 13th, 2020. I want to give highlight to some levels and factors of bitcoin:
1. Red dynamic line is the 200 Moving average on daily based. we have seen that the price is now trending just slightly above this dynamic support. We have to be aware of this level. if it breaks, we'll see trend continuation to lower support zone
2. Support trend line has already formed since December 2019. We can assume this area as a potential support to catch any bounce.
3. The golden pocket zone however will always be a very crucial level for any asset. And the golden pocket zone is having an alignment with the $8000 region as the area of heavy price action. we could see this area as a potential bounce area.
We have seen 3 crucial supports that we should watch in middle term. But, how is the sentiment and the momentum in the market? I see some factors that will be good to identify current bias
1. MACD : For some reasons, MACD is actually very bearish with the ticking down histogram comparing the previous close and the moving average is curving down to reach the negative area.
2. RSI : it's entering below 40 zone which is potentially the bearish zone and whenever the RSI entered this zone in the past, there was a massive sell off in the market.
3. Price action : Since the price reached the interim swing high since February 13th , there were some bearish type of candles has formed. And with the last 3 days candle with a huge red, is showing us the the massive sell off is occuring now.
Looking at the above analysis, I feel like there could be a push toward the downside is likely for bitcoin. 3 areas of supports that I've mentioned above could be a nice place for bounce but, we must always assume it as a relief rally only. I see that in the long term, there is still far from the bottom, maybe there might be a possibility for making lower low in higher degree. For now, just be focus on the 3 areas mentioned above to catch a little potential bounce.
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Greetings fellow traders, It has been a very bloody week in the markets. Everything is deep red and who knows when the momentum will flip to the upside?
We have been secretly trading with our new PXI indicator since early December and the staggering results speak for themselves! We are finally ready to let you have it for yourselves.
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This goes out to all traders who have had enough of premium services that don't deliver. Accurately trade just about any market you can access. With a win rate exceeding 90% on higher time frames, you can now take the power back into your own hands with the…
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
🎓Plutus eXploration Index🎓 Greetings fellow traders, It has been a very bloody week in the markets. Everything is deep red and who knows when the momentum will flip to the upside? We have been secretly trading with our new PXI indicator since early December…
If you have issues with anything, drop us a mail
Email : team@hashedplutus.com
Telegram : @Lord_Horst or @cryptopotatoes
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Telegram : @Lord_Horst or @cryptopotatoes
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The PXI just accurately predicated the largest point drop in history on the Dow Jones Industrial Average!
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The PXI just accurately predicated the largest point drop in history on the Dow Jones Industrial Average!
DM @cryptopotatoes | @Lord_Horst to request a trial invite to the indicator
https://www.tradingview.com/x/t6CA3XPb/
Bitcoin Sunday update
Hello all, here I give you the technical analysis of bitcoin based on the daily chart. So, let's get it started!
If you've seen my previous analysis about bitcoin, you should have known the 3 crucial levels that I've already anticipated before. The first level is the red dynamic line which is the 200 moving average. This level is a very strong dynamic support for bitcoin. But, with yesterday's close, it gave us confirmation of breaks down.
The next crucial level is the white support trend line which has been established since the December 2019. This line is still holding the price very well. A close below this level, will confirm the down trend of the price and bigger possibility for the price to touch the $8000 region.
Still in the neutral zone for now. I'll never open a short position unless the price has broken down of the support trend line.
Bitcoin Sunday update
Hello all, here I give you the technical analysis of bitcoin based on the daily chart. So, let's get it started!
If you've seen my previous analysis about bitcoin, you should have known the 3 crucial levels that I've already anticipated before. The first level is the red dynamic line which is the 200 moving average. This level is a very strong dynamic support for bitcoin. But, with yesterday's close, it gave us confirmation of breaks down.
The next crucial level is the white support trend line which has been established since the December 2019. This line is still holding the price very well. A close below this level, will confirm the down trend of the price and bigger possibility for the price to touch the $8000 region.
Still in the neutral zone for now. I'll never open a short position unless the price has broken down of the support trend line.
https://www.tradingview.com/x/5DJyjRXd/
Bitcoin : Defending the significant level of support.
Hello all, welcome back again to the bitcoin analysis. Today is a very beautiful day for the bulls of bitcoin. The price has bounced from the significant level which I've anticipated previously. Now, for the next potential moves, let's focus for this current technical analysis about bitcoin.
The price has already bounced from the white resistance trend line which has became the support trend line for bitcoin since the December 2019 where bitcoin's bottom for current cycle. This support trend line is however become my 2nd anticipated region for support which I've mentioned in my previous analysis. There will be 2 possible scenario for the short term, which I represent it as a white and red arrow on the chart.
1. Breaking out of current minor resistance.
Currently the price is still trending below the current minor resistance. This is however becomes a crucial zone for the intraday based trading. If the price can break this level of resistance, there will be a possible push toward the yellow resistance trend line which is having a confluence with the previous broken support that is now become resistance as the behavior of the 2nd phase of break out strategy. ($9300 - $9500)
2. Can't sustain above the minor resistance and breaks down of the support.
This is more bearish way for bitcoin. Although we have seen a significant spike and potential bullish engulfing candle at the daily chart, there is still a possibility that the daily candle could forms a wick to the upside because it still has several hours until daily candle closure. If this action occurs at the price, we'll see a diminishing power from the bulls and the bears are gaining strength again to drive the price to breaks white resistance trend line. And if this occur, I'll targeting the next support ($8000 region)
For now, it's still very interesting for the scalper and day trader to enter any position because the market has brought back the volatility. For the swinger, it's totally a waiting game until we get other confirmation of the direction of the market.
Bitcoin : Defending the significant level of support.
Hello all, welcome back again to the bitcoin analysis. Today is a very beautiful day for the bulls of bitcoin. The price has bounced from the significant level which I've anticipated previously. Now, for the next potential moves, let's focus for this current technical analysis about bitcoin.
The price has already bounced from the white resistance trend line which has became the support trend line for bitcoin since the December 2019 where bitcoin's bottom for current cycle. This support trend line is however become my 2nd anticipated region for support which I've mentioned in my previous analysis. There will be 2 possible scenario for the short term, which I represent it as a white and red arrow on the chart.
1. Breaking out of current minor resistance.
Currently the price is still trending below the current minor resistance. This is however becomes a crucial zone for the intraday based trading. If the price can break this level of resistance, there will be a possible push toward the yellow resistance trend line which is having a confluence with the previous broken support that is now become resistance as the behavior of the 2nd phase of break out strategy. ($9300 - $9500)
2. Can't sustain above the minor resistance and breaks down of the support.
This is more bearish way for bitcoin. Although we have seen a significant spike and potential bullish engulfing candle at the daily chart, there is still a possibility that the daily candle could forms a wick to the upside because it still has several hours until daily candle closure. If this action occurs at the price, we'll see a diminishing power from the bulls and the bears are gaining strength again to drive the price to breaks white resistance trend line. And if this occur, I'll targeting the next support ($8000 region)
For now, it's still very interesting for the scalper and day trader to enter any position because the market has brought back the volatility. For the swinger, it's totally a waiting game until we get other confirmation of the direction of the market.
https://www.tradingview.com/x/nz77ZkQ5/
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Currently the price is moving inside the yellow channel which potentially can be a bearish flag in the higher degree. The price is still trending slightly below the white region which is the resistance based on price action on intraday level. As long as the price doesn't break out of the white region, I can't see any bullish bias.
We could see the price to test the white region at around $0.016. But, opening long position at this condition is not likely. The potential reward is not worth the risk.
MEMBER REQUEST : QLC March. 3rd 2020
Here is the member requested coins from our discussion group, QLC chain.
Currently the price is moving inside the yellow channel which potentially can be a bearish flag in the higher degree. The price is still trending slightly below the white region which is the resistance based on price action on intraday level. As long as the price doesn't break out of the white region, I can't see any bullish bias.
We could see the price to test the white region at around $0.016. But, opening long position at this condition is not likely. The potential reward is not worth the risk.
https://www.tradingview.com/x/4K0vV7x4/
Back to the basic, $8000 region could be the bottom if..
Hello all, here I present you about another bitcoin's view from higher degree of analysis. Always looks at another possibility and try to find any confluence reasons to enter the trade. Enjoy the analysis!
Here is another point of view of bitcoin in higher time frame. As we can see that previously between June 2019 - December 2020, the price was moving inside the descending channel which a lot of fear and doubt has occured during this period. And during the beginning of January 2020, we have seen several trials from the price to breaks out of the upper line of the descending channel before finally we have seen a break out around the end of January 2020. After the breaks out of this descending channel, the price has spiked up to the peak of the $10500 region which is the interim swing high for bitcoin that finally forms a double top structure.
Actually the bulls were very strong during the push toward the $10500 region. But, right after the price touched the $10500 region, we have seen a parabolic moves with almost 20% down in 17 days. Personally, I'm not surprise with current parabolic move down as I always mentioned in my previous analysis that the parabolic moves to the upside will cause a potential parabolic moves to the down side as a correction. Beside, my opinion is inline with the fact that since the broken out of the upper line of the descending channel, the price hasn't shown us a proper retest to it as a support. And with current down side moves, I do believe that this could be a phase 2 of break out strategy which is retesting previous broken resistance that is now become support.
I see that the white region (around $8000 region) is a strong support for bitcoin right now. As long as the price can sustain above this level, I'll expect a $12900 region to be tested in the future. Let's see
Back to the basic, $8000 region could be the bottom if..
Hello all, here I present you about another bitcoin's view from higher degree of analysis. Always looks at another possibility and try to find any confluence reasons to enter the trade. Enjoy the analysis!
Here is another point of view of bitcoin in higher time frame. As we can see that previously between June 2019 - December 2020, the price was moving inside the descending channel which a lot of fear and doubt has occured during this period. And during the beginning of January 2020, we have seen several trials from the price to breaks out of the upper line of the descending channel before finally we have seen a break out around the end of January 2020. After the breaks out of this descending channel, the price has spiked up to the peak of the $10500 region which is the interim swing high for bitcoin that finally forms a double top structure.
Actually the bulls were very strong during the push toward the $10500 region. But, right after the price touched the $10500 region, we have seen a parabolic moves with almost 20% down in 17 days. Personally, I'm not surprise with current parabolic move down as I always mentioned in my previous analysis that the parabolic moves to the upside will cause a potential parabolic moves to the down side as a correction. Beside, my opinion is inline with the fact that since the broken out of the upper line of the descending channel, the price hasn't shown us a proper retest to it as a support. And with current down side moves, I do believe that this could be a phase 2 of break out strategy which is retesting previous broken resistance that is now become support.
I see that the white region (around $8000 region) is a strong support for bitcoin right now. As long as the price can sustain above this level, I'll expect a $12900 region to be tested in the future. Let's see
You guys might be wondering, "What the fuck is up with Potato? He hasn't given us the large chunk of updates for the last 4 days straight!"
Is he dead? or Is he too fucked up to chart things right?
Let me give you a little story to gather what you need.
James was an every day worker, typical 9 to 6 job, coming home and scrolling through socials or catching up with friends at the local bar at weekends. One day he woke up 30 miles away from town and had no idea how he got there. That's when he knew he fucked up.
There comes a time in all our lives that forces us to look back and evaluate what the fuck we have been doing, and for the last week I felt like James, my Binance portfolio is up by about 15% of the whole capital by just putting 5% on each trade. Hundreds of trades later, I realise that fucking shit, this market is like an open book and I could just invest in the losers and next day make 15% on each of them. This go me thinking, if the market is so easy to play, why do I sit and chart. That's the point I fucked up.
Overtrading
Come on! Don' t give me bullshit, there is a time when you need to get your hands off your PC and on something that really maters. This is the time. Why burn your eyes around trading all week when you can take the week down to study your investments are work on your strategy?
I don't feel comfortable with three of the top seven coins on CMC, you wanna know my thoughts, read them below
Is he dead? or Is he too fucked up to chart things right?
Let me give you a little story to gather what you need.
James was an every day worker, typical 9 to 6 job, coming home and scrolling through socials or catching up with friends at the local bar at weekends. One day he woke up 30 miles away from town and had no idea how he got there. That's when he knew he fucked up.
There comes a time in all our lives that forces us to look back and evaluate what the fuck we have been doing, and for the last week I felt like James, my Binance portfolio is up by about 15% of the whole capital by just putting 5% on each trade. Hundreds of trades later, I realise that fucking shit, this market is like an open book and I could just invest in the losers and next day make 15% on each of them. This go me thinking, if the market is so easy to play, why do I sit and chart. That's the point I fucked up.
Overtrading
Come on! Don' t give me bullshit, there is a time when you need to get your hands off your PC and on something that really maters. This is the time. Why burn your eyes around trading all week when you can take the week down to study your investments are work on your strategy?
I don't feel comfortable with three of the top seven coins on CMC, you wanna know my thoughts, read them below