https://www.tradingview.com/x/ucfJE024/

Bitcoin : After the weekly candle closed

Hello all, here is the bitcoin technical analysis right after the weekly candle has closed. Let's make it quick and to the point.

The weekly candle has closed below the white support zone with a huge net volume in negativity. It has dropped for more than 50% comparing to its opening price at the beginning of the last week. This will be a hard time for bitcoin and current crypto market because this is the most biggest drop for bitcoin in 1 week session of trading since the first time this market exist.

Currently the price has broken down the white support but it's still just slightly above the yellow support trend line. We must prepare for the worst time to come with the major support below. Red line is the major support below. The
yellow support trend line has held the price since 2017 and simply this is the 3 years trend line. breaking below it, could be serious.

Nice that telegram has finally started marking SCAM on such channels. Such a nuisance to the community.

▪️ ETH USD - View Chart

The extreme level ($90 entry) has not yet been tagged on Ethereum, price just just touched the green box buy level, but the three digit $100 appears to be representing significant support for now.

▪️ BTC USD - View Chart

Levels buy levels on the Mashed Market Map have been effective. The channel has indeed held up as support up until now, and the Bitcoin price is testing resistance on the upper level of the lower inner band of the pitchfork. Price is trading +8% from the entry call at $4950

🎓 Market Commentary 🎓

With these levels on crypto considered, and the conventional markets open. It appears as though we might see a little relief this week. We are going to post a few signals on altcoins and try to make some extra cash in these uncertain times. Lets see what the market has to offer.

🎓#SpotTrade 🎓
🎓 $NANO / USDT - View Chart

🔸Signal Info: Nano
Rank: #61
Exchange: Binance (Trade)
Direction: LONG

🔸Analysis: Nano has been pretty heavily hammered on both the USD and Bitcoin base pairs. The fib levels set here are off extreme high and low wicks and they appear to be legit based off previous price action. We are looking at the 12h time frame here, and our PXI indicator signals a buy.

Risk on the trade is above average considering the conditions in the market. Profit levels are also above average, so just considering the volatility we are dealing with before opening a position.

Higher level targets might be out of reach for a week, but if we can keep this position open long enough, this could also be a brilliant long term entry.

🔸Current Price: $0.3680
❇️Entry: $0.3430
🎯Take Profit: $0.4730, $0.6050, $0.7960
♦️Stop Limit: $0.2975 (-13%)

PS - Like our work on Tradingview

🎓#SpotTrade 🎓
🎓 $BTS / USDT - View Chart

🔸Signal Info: Bitshares
Rank: #76
Exchange: Binance (Trade)
Direction: LONG

🔸Analysis: Bitshares was mentioned on Sunday. I like this asset for the way it has been responding to the crash. I suspect this might be because of all the stable assets on the platform. Either way, things look great after charting it out tonight.

First off, pitchfork channel doesn't disappoint. Stunning reaction from the underside of the channel for deep bounce on the asset. Price reacted with a +60% bounce exiting the channel completely to the upside. Things then came back to settle in the upper band, and went on to start testing the support resistance in this zone.

Our PXI signals a buy on this 4h time frame, which conveniently aligns with a breakout from this channel. A micro rising wedge triangle has also been spotted and plotted out. That's double apex on the breakout, and a setup I would happily trade myself.

Going for a bit of a ladder entry on this one, to try and push the stop as far as possible into the lower band of the pitchfork channel.

🔸Current Price: $0.01450
❇️Entry: $0.01405, $0.01285
🎯Take Profit: $0.01795, $0.02360
♦️Stop Limit: $0.1190 (-11.5%)

PS - Like our work on Tradingview

https://www.tradingview.com/x/J22Aqave/

Bitcoin : Still about the 1000 moving average

Hello all, here is the technical analysis of current market structure in this consolidation stages of bitcoin. Let's enjoy!

The market is however trending at a very risky level. I can't say that the movement isn't volatile enough because of the fact that in this current sideways market, it moves in 33% of volatility. This however is very volatile when it comes to consolidation zone. But, with this volatility, I still see that it is still forming a random pattern out of nowhere. Opening any position at this rate especially for the leverage trading account could easily end up at being liquidated with this volatility and uncertainty.

The price is still trending slightly above the yellow support trend line and below the 1000 moving average. Whenever the price is trending below the 1000 moving average, there will be a lot of faking out movement with huge liquidation rate (similar with previous price action that occured between December 2018 - April 2019). I will expect this consolidation structure to end up longer that I've expected previously and I'm truly expecting a potential type of triangle pattern to be formed during this consolidation so we can decide the next movement with lower risk to enter any position.

For the bias, I'll expecting a bounce toward the moving average 1000 to be tested only if the price doesn't breaks below this yellow support trend line.

The world might have to wait for a while until normal order resumes, but in the Bitcoin derivatives market, panic is seeping away, for better or for worse.

Last week, on 12 March, Bitcoin saw its worst price drop in 7 years, losing a third of its value in less than a day. Futures traders, in a bid to capitalize on the volatility, or rather to salvage some returns, sold off their positions, pushing volume up over $30 billion and pushing Open Interest down.

This collective and severe trading and volatility rush saw massively skewed trades, given the rapid nature of the price depreciation. In a matter of just two days, derivatives exchanges saw their B/O spread rise to significant month-long highs as imminent price movement was anyone’s guess. But, now it looks like liquidity is returning.

According to data from Skew markets, the B/O spread for major exchanges, those catering to deep-pocketed and retail investors, are simmering down. BitMEX, the Seychelles-based derivatives exchanges known for its tight trading, saw its $10 million B/O spread surge to 4.07 percent on 13 March, while the average for the past three months stood at 0.42 percent. At press time, the spread had dropped to 1.57 percent.

During this time, Futures trading has dropped considerably, owing to the stability of Bitcoin’s price over the past few days. The 24-hour trading volume across unregulated exchanges has dropped considerably since last week as well, down to just below $14 billion, while traders have closed out positions even as the United States is being kept afloat by stimulus packages from the Federal Reserve.

🎓#TradeUpdate 🎓
🎓 $BTS / USDT - View Chart

🔸Signal Info: Bitshares
Rank: #76
Exchange: Binance (Trade)
Direction: LONG

💹 Position up +16% after channel breakout.

🎓#TradeUpdate 🎓
🎓 $NANO / USDT - View Chart

🔸Signal Info: Nano
Rank: #60
Exchange: Binance (Trade)
Direction: LONG

💹 Position is up +18% after getting entries filled yesterday.

🎓Plutus Exploration Index🎓 Casually Trading the Crash

💹 The PXI has been casually setting off trading signals with unfathomable accuracy since the big crash started about two weeks ago.

🎯 Dead easy trading signals are netting profits like nobody's business. 3 Signals went off on the 4h time frame. Two short and one long signal on Monday of which we called at $4950 on Sunday.

🔸 Short - Close at -13% @ x10 leverage = 130% profit
🔸 Short - Close at -27% @ x10 leverage = 270% profit
🔸 Long - Open at +26% @ x10 leverage = 260% profit

⏰ Total of +660% profit in only 13days!

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See live chart on TradingView

🎓#TradeUpdate 🎓
🎓 $BTS / USDT - View Chart

🔸Signal Info: Bitshares
Rank: #75
Exchange: Binance (Trade)
Direction: LONG

🎯First target cleared for +27% profit on Bitshares

🔸Current Price: $0.01850
❇️Entry: $0.01405, $0.01285
🎯Take Profit: $0.01795, $0.02360
♦️Stop Limit: $0.1190 (-11.5%)

Ah snap, we completely forgot to drop you the contact. Head over to the website and you will find a contact form, else if you like a more human interaction, DM @cryptopotatoes and he will be more than happy to hook you up with the PXI.

🎓 PXI on Commodities 🎓 West Texas Oil Fund - WTICO - USD

The PXI is smashing targets big time in conventional markets. With the Oil volatility through the roof, this indicator will keep your funds doubling by the hour. The indicator has delivered two signals in the last 2 days. See the results bellow with a conservative leverage of x50 on a commodity.

🔸 Short - Close at -15.59% @ x50 leverage = +779.50% profit
🔸 Long - Close at +20.68% @ x50 leverage = +1034.00% profit

⏰ Total of +1 813,50 % profit in only 2days 4hours!

Orders in at hashedplutus.com or contact @cryptopotatoes / @lord_horst for your trial

https://www.tradingview.com/x/SXUGg6dt

Bitcoin : Head and Shoulder

Hello there and happy weekend for all of you. Here I provide you with the technical analysis of bitcoin. Just enjoy!

We've seen the action of break out of current resistance zone around $6000 - $6200 with the top of current movement at $6900 region. After the price topped, we see another retracement toward the area of resistance again. With this current movement, this could be the action of phase 2 of break out strategy which is retesting the previous broken resistance as support. At least if we see it from bullish perspective.

But, if we see it from bearish perspective, this current movement is forming a potential head and shoulder at the top too which indicate the potential of reversal pattern to the down side. However, we still have some sources of support below. The first support is the white zone which was becoming a broken resistance and the second support is the white support trend line which has held the price since March 6th, 2020. Any sign of breaks down will lead the price to lower region of interim swing low. But, any sign of bounce could lead the price to the next resistance around $8000 region.

https://www.tradingview.com/x/IsYWE0AE

ETHBULL March 21st, 2020

Continuing my previous post about ETHBULL. If at the previous post I covered from the daily perspective, this time I'm going to cover it from the lower time frame which is the 4 hours perspective.

Currently the bulls are losing strength with current price action. There is so much pressure from the bears. But, it will meet the closest support trend line which is the white support trend line. If we see it breaks down of this support level, we'll see another push toward lower level. Even for the Ethereum contract itself, we will see another bearish push.

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

On the 4 hours chart, everything is looking not good. The price is testing the white support trend line with a huge selling pressure. In align with the price, the MACD is in trouble too, the moving average is very likely to perform the death cross with the histogram is ready for the ticking down to the negative side.

https://www.tradingview.com/x/Ny9VK1bC

Confirmation of phase 2

Looking at the price which has defended the white zone which previously was a broken resistance and now become a support. We have seen a turning back of testing it and of course a bounce. We'll challenge the interim swing high on intraday level and $8000 - $8200 potentially.