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.
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.
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.
https://www.tradingview.com/x/v7kOThEL/
Bitcoin : The target of -0.382 of fibonacci retracement
Hello all, here I give you another update of bitcoin during last week's volatility.
We can see that the $6000 region is becoming a very tough resistance for bitcoin with several rejections toward this area. This rejection cause a correction toward the 0.382 fibonacci retracement which could be a support for the lower degree of price action. This 0.382 fibonacci retracement is moving align with the white support trend line which is likely to be tested in near future. I won't turn back the bullish bias to the bearish bias as long as the price is still moving above this support trend line.
Looking at the MACD on the daily chart, it looks like that the histogram is having a ticking up to the upside and the dynamic lines are having their golden cross over. On the current action of the price, the price could have its bounce from nearest level of .382 fibonacci retracement which is around $5790 region (only if it holds). 0.382 fibonacci retracement level is however always be a strong area of support.
Assuming the confluence zone , I think that we still could see the price to touch the higher level of resistance around $8000 region which has the alignment with the -0.382 fibonacci retracement level. So, I'm still expecting this support trend line can hold the price from further drop of the market. Shorting at this level is clearly not a good choice, with a ticking up histogram to the positive side on daily chart, golden cross over and near the support trend line, the risk of shorting the market isn't acceptable.
Bitcoin : The target of -0.382 of fibonacci retracement
Hello all, here I give you another update of bitcoin during last week's volatility.
We can see that the $6000 region is becoming a very tough resistance for bitcoin with several rejections toward this area. This rejection cause a correction toward the 0.382 fibonacci retracement which could be a support for the lower degree of price action. This 0.382 fibonacci retracement is moving align with the white support trend line which is likely to be tested in near future. I won't turn back the bullish bias to the bearish bias as long as the price is still moving above this support trend line.
Looking at the MACD on the daily chart, it looks like that the histogram is having a ticking up to the upside and the dynamic lines are having their golden cross over. On the current action of the price, the price could have its bounce from nearest level of .382 fibonacci retracement which is around $5790 region (only if it holds). 0.382 fibonacci retracement level is however always be a strong area of support.
Assuming the confluence zone , I think that we still could see the price to touch the higher level of resistance around $8000 region which has the alignment with the -0.382 fibonacci retracement level. So, I'm still expecting this support trend line can hold the price from further drop of the market. Shorting at this level is clearly not a good choice, with a ticking up histogram to the positive side on daily chart, golden cross over and near the support trend line, the risk of shorting the market isn't acceptable.
https://www.tradingview.com/x/PnEelObd/
Beside all of the signs that I've mentioned on my previous post, this is another confluence reasons that could support my bullish bias toward the $8000 region for mid term purpose. Here I find the possible type of bullish falling wedge that usually lead the price to the higher region.
Although we haven't seen any sign of breaking out this bullish falling wedge, it's clearly not a good idea to open short position unless the price breaks down of the white support trend line.
This pattern is another confluence reason for me to still hold my long position from now. I could be wrong and the price could breaks down of current support easily but, we do trade from every perspective of possibility and this time, bullish possibility is still in play.
Beside all of the signs that I've mentioned on my previous post, this is another confluence reasons that could support my bullish bias toward the $8000 region for mid term purpose. Here I find the possible type of bullish falling wedge that usually lead the price to the higher region.
Although we haven't seen any sign of breaking out this bullish falling wedge, it's clearly not a good idea to open short position unless the price breaks down of the white support trend line.
This pattern is another confluence reason for me to still hold my long position from now. I could be wrong and the price could breaks down of current support easily but, we do trade from every perspective of possibility and this time, bullish possibility is still in play.
https://www.tradingview.com/x/xH8HfM2o/
Cryptocurrency is eye-ing the $200 billion of market cap
Hello all, today I'm going to cover the technical analysis of crypto total market capitalization which always becomes the most important component of cryptocurrency in general. I won't do a detail analysis of bitcoin because yesterday we've covered its bounce and my bias is still remain the same. Now let's see what we can get from this market breakdown.
Market capitalization refers to the Dollar market value of the circulating supply of the coins all around the world. Currently the top 10 of cryptocurrency based on CMC reflects almost the 85% of the total market capitalization. This means that the bigger the market capitalization of a coins, it has bigger correlation that can affect the market capitalization of the market. Money inflow is the key of this market capitalization.
From the chart applied, we can see that at March 13th, 2020 the capitalization has touched the lowest level since the beginning of 2019 which is around $107 billions. The huge money outflow because of the fear of COVID-19 becomes the first and the biggest assumption of that drop of market capitalization. This condition is directly giving a big effect to the bitcoin's price which moving in line with the drop of crypto market capitalization. However, whenever the fear comes, there will be a huge sell off of the market. But, during this sell off, there will be a potential relief rally too as the effect of the extreme fear.
I've seen this relief rally in bitcoin previously and after I open the market capitalization chart, it remains the same. That's why I'll expect a relief rally will take place at current level and we might see a potential push of the total market capitalization to claim back the $200 billions which is another crucial levels for this market cap. And of course bitcoin is the first asset that comes to my mind of this potential relief rally. They both have the similar pattern and positively correlate each other.
Cryptocurrency is eye-ing the $200 billion of market cap
Hello all, today I'm going to cover the technical analysis of crypto total market capitalization which always becomes the most important component of cryptocurrency in general. I won't do a detail analysis of bitcoin because yesterday we've covered its bounce and my bias is still remain the same. Now let's see what we can get from this market breakdown.
Market capitalization refers to the Dollar market value of the circulating supply of the coins all around the world. Currently the top 10 of cryptocurrency based on CMC reflects almost the 85% of the total market capitalization. This means that the bigger the market capitalization of a coins, it has bigger correlation that can affect the market capitalization of the market. Money inflow is the key of this market capitalization.
From the chart applied, we can see that at March 13th, 2020 the capitalization has touched the lowest level since the beginning of 2019 which is around $107 billions. The huge money outflow because of the fear of COVID-19 becomes the first and the biggest assumption of that drop of market capitalization. This condition is directly giving a big effect to the bitcoin's price which moving in line with the drop of crypto market capitalization. However, whenever the fear comes, there will be a huge sell off of the market. But, during this sell off, there will be a potential relief rally too as the effect of the extreme fear.
I've seen this relief rally in bitcoin previously and after I open the market capitalization chart, it remains the same. That's why I'll expect a relief rally will take place at current level and we might see a potential push of the total market capitalization to claim back the $200 billions which is another crucial levels for this market cap. And of course bitcoin is the first asset that comes to my mind of this potential relief rally. They both have the similar pattern and positively correlate each other.
https://www.tradingview.com/x/ESHVic1o/
For Bitcoin, my target is remain the same with previous analysis and bias. we have seen a break out of the bullish falling wedge and a beautiful bullish candle that surpass the previous red candle in the daily. Intraday chart looks bullish too. This could only be just the relief rally of previous tremendous drop. So, I highly recommend you to keep looking at the order book and the market heat map for buy and sell wall. $8000 is very possible to touch.
For Bitcoin, my target is remain the same with previous analysis and bias. we have seen a break out of the bullish falling wedge and a beautiful bullish candle that surpass the previous red candle in the daily. Intraday chart looks bullish too. This could only be just the relief rally of previous tremendous drop. So, I highly recommend you to keep looking at the order book and the market heat map for buy and sell wall. $8000 is very possible to touch.
You might be wondering what's up with Potato? The world is locked down and no updates? Well brothers and sisters, social isolation has gifted us an opportunity to learn. Took a day off charts yesterday and grabbed a copy of "The Intelligent Investor" to read. I must say, barely into the pages and I'm loving the lesson I learn from this book. Here are some highlights I made.
PS: For the traders, I'll drop a few charts in a couple of hours.
PS: For the traders, I'll drop a few charts in a couple of hours.
https://www.tradingview.com/x/om0ZRkt6/
Bitcoin : Intraday resistance, up trend channel and bear flag?
Hello all, welcome back to the technical analysis of bitcoin. I'll cover the lower time frame which is the intraday level. Let's enjoy!
From the intraday perspective which is the lower degree for this technical analysis, I can conclude several things that may be right. The first thing is that the price is now moving inside the up trend channel that has formed since March 13th, 2020 . We can see that the price has gone back and forth between the upper line of the channel and the lower line of the channel, this channel can be the flag of the full bearish flag structure if we can see it from another perspective.
At current level, the price is still trending just slightly below the intraday level of resistance (green) around $6700 - $7000 region. We might anticipate the price to break out of this current resistance to test again the upper line of the channel which has alignment with the $8000 level. But, if there is a base case, there is also the worse case too. This time I will assume that the worse case is when the price breaks down of the support trend line which is the lower line of the channel. If we see any breaks down of it, I'll target lower low in the future to come.
For now, I'm still holding my long position with the stop loss has already in profit to eliminate all the risk of potential breaks down and riding the wave to the upside is expected.
Bitcoin : Intraday resistance, up trend channel and bear flag?
Hello all, welcome back to the technical analysis of bitcoin. I'll cover the lower time frame which is the intraday level. Let's enjoy!
From the intraday perspective which is the lower degree for this technical analysis, I can conclude several things that may be right. The first thing is that the price is now moving inside the up trend channel that has formed since March 13th, 2020 . We can see that the price has gone back and forth between the upper line of the channel and the lower line of the channel, this channel can be the flag of the full bearish flag structure if we can see it from another perspective.
At current level, the price is still trending just slightly below the intraday level of resistance (green) around $6700 - $7000 region. We might anticipate the price to break out of this current resistance to test again the upper line of the channel which has alignment with the $8000 level. But, if there is a base case, there is also the worse case too. This time I will assume that the worse case is when the price breaks down of the support trend line which is the lower line of the channel. If we see any breaks down of it, I'll target lower low in the future to come.
For now, I'm still holding my long position with the stop loss has already in profit to eliminate all the risk of potential breaks down and riding the wave to the upside is expected.
🎓#SpotTrade 🎓
🎓 $FUEL / BTC - View Chart
🔸Signal Info: Etherparty
Rank: #650
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: Ether party has indeed seen better days. It has become heavily oversold, and it is dirt cheap now.
For a coin listed on Binance, is it right that it now sits at rank #650? I don't think so. Chart patterns show that a previous support has remained in tact throughout the turmoil in the market. Established August 2019, the zone marks out our two entries on the asset.
A gap lower than that will mean a hefty stop loss, but this setup displays a much more remarkable upside.
🔸Current Price: 28sats
❇️Entry: 27sats, 23sats
🎯Take Profit: 38sats, 55sats, Open
♦️Stop Limit: 19sats (-24.16%)
PS - Like our work on Tradingview
🎓 $FUEL / BTC - View Chart
🔸Signal Info: Etherparty
Rank: #650
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: Ether party has indeed seen better days. It has become heavily oversold, and it is dirt cheap now.
For a coin listed on Binance, is it right that it now sits at rank #650? I don't think so. Chart patterns show that a previous support has remained in tact throughout the turmoil in the market. Established August 2019, the zone marks out our two entries on the asset.
A gap lower than that will mean a hefty stop loss, but this setup displays a much more remarkable upside.
🔸Current Price: 28sats
❇️Entry: 27sats, 23sats
🎯Take Profit: 38sats, 55sats, Open
♦️Stop Limit: 19sats (-24.16%)
PS - Like our work on Tradingview
TradingView
🎓#SpotTrade 🎓 $FUEL / BTC 🎓 for BINANCE:FUELBTC by HashedPlutus
🔸 Signal Info: Bitshares
Rank: #650
Exchange: Binance
Direction: LONG
🔸Analysis: Ether party has indeed seen better days. It has become heavily oversold, and it is dirt cheap now.
For a coin listed on Binance, is it right that it now sits at rank #650?…
Rank: #650
Exchange: Binance
Direction: LONG
🔸Analysis: Ether party has indeed seen better days. It has become heavily oversold, and it is dirt cheap now.
For a coin listed on Binance, is it right that it now sits at rank #650?…
🎓#SpotTrade 🎓
🎓 $COS / BTC - View Chart
🔸Signal Info: Contentos
Rank: #447
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: This is a straight up clean pattern, looks extremely tradeable with the way it has given off a bullish piercing candlestick on the daily. It had completely engulfed the previous red for a moment there.
Price is still battling this sharp angle, and there is a chance to grab a great entry before price makes the natural break on this pattern. We have 7/10 red candles. PXI indicator is hinting at an incoming crossover. Text book stuff, fib lines are in tune with the price action.
🔸Current Price: 75sats
❇️Entry: 75sats, 72sats
🎯Take Profit: 89sats, 106sats, 133sats
♦️Stop Limit: 67sats (-6-8%)
PS - Like our work on Tradingview
🎓 $COS / BTC - View Chart
🔸Signal Info: Contentos
Rank: #447
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: This is a straight up clean pattern, looks extremely tradeable with the way it has given off a bullish piercing candlestick on the daily. It had completely engulfed the previous red for a moment there.
Price is still battling this sharp angle, and there is a chance to grab a great entry before price makes the natural break on this pattern. We have 7/10 red candles. PXI indicator is hinting at an incoming crossover. Text book stuff, fib lines are in tune with the price action.
🔸Current Price: 75sats
❇️Entry: 75sats, 72sats
🎯Take Profit: 89sats, 106sats, 133sats
♦️Stop Limit: 67sats (-6-8%)
PS - Like our work on Tradingview
TradingView
🎓#SpotTrade 🎓 $COS / BTC 🎓 for BINANCE:COSBTC by HashedPlutus
🔸 Signal Info: Contentos
Rank: #447
Exchange: Binance
Direction: LONG
🔸Analysis: This is a straight up clean pattern, looks extremely tradeable with the way it has given off a bullish piercing candlestick on the daily. It had completely engulfed the previous…
Rank: #447
Exchange: Binance
Direction: LONG
🔸Analysis: This is a straight up clean pattern, looks extremely tradeable with the way it has given off a bullish piercing candlestick on the daily. It had completely engulfed the previous…
🎓#SpotTrade 🎓
🎓 $POWR / BTC - View Chart
🔸Signal Info: Power Ledger
Rank: #119
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: I have been stalking this Power Ledge chart for so long now. It has been the default chart that opens up on trading view for weeks now. I remember trading the asset shortly after the launch on Bittrex a long time ago. And I felt terrible for missing out on that wild 300% gain back in Feb.
There have been a few opportunities to trade the ripples on that price actions. Twice over some 50% + gain could have been achieved by simply trading the fib levels set out by that wicked spike.
These levels now give us the support and confidence to trade the real break at the culmination of this wedge. Our PXI indicator will be signaling a buy at any moment on this 12h time frame.
Market entries are a go up until 830sats, and a second entry bellow, a little closer to the confirmed 0.786 Fib. Stop is set at the break on that line.
🔸Current Price: 824sats
❇️Entry: Up to 830sats, 784sats
🎯Take Profit: 1095sats, 1260sats, 1630sats
♦️Stop Limit: 717sats (11.04%)
PS - Like our work on Tradingview
🎓 $POWR / BTC - View Chart
🔸Signal Info: Power Ledger
Rank: #119
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: I have been stalking this Power Ledge chart for so long now. It has been the default chart that opens up on trading view for weeks now. I remember trading the asset shortly after the launch on Bittrex a long time ago. And I felt terrible for missing out on that wild 300% gain back in Feb.
There have been a few opportunities to trade the ripples on that price actions. Twice over some 50% + gain could have been achieved by simply trading the fib levels set out by that wicked spike.
These levels now give us the support and confidence to trade the real break at the culmination of this wedge. Our PXI indicator will be signaling a buy at any moment on this 12h time frame.
Market entries are a go up until 830sats, and a second entry bellow, a little closer to the confirmed 0.786 Fib. Stop is set at the break on that line.
🔸Current Price: 824sats
❇️Entry: Up to 830sats, 784sats
🎯Take Profit: 1095sats, 1260sats, 1630sats
♦️Stop Limit: 717sats (11.04%)
PS - Like our work on Tradingview
TradingView
🎓#SpotTrade 🎓 $POWR / BTC 🎓 for BINANCE:POWRBTC by HashedPlutus
🔸 Signal Info: Power Ledger
Rank: #119
Exchange: Binance
Direction: LONG
🔸Analysis: I have been stalking this Power Ledge chart for so long now. It has been the default chart that opens up on trading view for weeks now. I remember trading the asset shortly…
Rank: #119
Exchange: Binance
Direction: LONG
🔸Analysis: I have been stalking this Power Ledge chart for so long now. It has been the default chart that opens up on trading view for weeks now. I remember trading the asset shortly…
🎓#SpotTrade 🎓
🎓 $STORJ / BTC - View Chart
🔸Signal Info: Storj Labs
Rank: #173
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: I short listed Storj last night, and it blew out the first target while I was working on the chart. To my dismay, I was a bit late on that signal, but today I see that the asset has return to the initial buy zone and the candle closed green after all that.
On the larger time frame, I see that the most prominent formation appears to be a flat channel which we could trade back and forth with a max target at about 38%. An entry re-fill strategy is appropriate here. No indicators presented on this chart. It doesn't seem necessary with the way the assets is respecting these horizontals.
🔸Current Price: 1325sats
❇️Entry: Up to 1330sats, 1270sats
🎯Take Profit: 1530sats, 1760sats, 2240sats
♦️Stop Limit: 1220sats (-6.15%)
PS - Like our work on Tradingview
🎓 $STORJ / BTC - View Chart
🔸Signal Info: Storj Labs
Rank: #173
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: I short listed Storj last night, and it blew out the first target while I was working on the chart. To my dismay, I was a bit late on that signal, but today I see that the asset has return to the initial buy zone and the candle closed green after all that.
On the larger time frame, I see that the most prominent formation appears to be a flat channel which we could trade back and forth with a max target at about 38%. An entry re-fill strategy is appropriate here. No indicators presented on this chart. It doesn't seem necessary with the way the assets is respecting these horizontals.
🔸Current Price: 1325sats
❇️Entry: Up to 1330sats, 1270sats
🎯Take Profit: 1530sats, 1760sats, 2240sats
♦️Stop Limit: 1220sats (-6.15%)
PS - Like our work on Tradingview
TradingView
🎓#SpotTrade 🎓 $STORJ / BTC 🎓 for BINANCE:STORJBTC by HashedPlutus
🔸Signal Info: Storj Labs
Rank: #173
Exchange: Binance
Direction: LONG
🔸Analysis: I short listed Storj last night, and it blew out the first target while I was working on the chart. To my dismay, I was a bit late on that signal, but today I see that the asset…
Rank: #173
Exchange: Binance
Direction: LONG
🔸Analysis: I short listed Storj last night, and it blew out the first target while I was working on the chart. To my dismay, I was a bit late on that signal, but today I see that the asset…
https://www.tradingview.com/x/6H39NXem/
Bitcoin dominance : Should the dominance touches the 70% again?
The Bitcoin dominance rate has reached a significant resistance area and decreased afterward as a result. The fact that it is trading inside a bearish pattern makes a breakdown likely. So, here is the more detail technical analysis anf the logic of it.
First thing first, I want to cover the technical analysis of bitcoin dominance first. Looking at the chart applied, currently it's testing the red dynamic line which is the 200 moving average as the dynamic resistance for bitcoin. Right after it touched this dynamic resistance, the price action is showing bearish action with a bearish engulfing candle has formed. Beside the price action perspective, I'm very interested in the potential of the bear flag pattern to form. And because of these confluence reasons of the technical analysis, I must deduce that breaking down of the huge uptrend channel is likely at current condition.
Looking at this potential rate of the bitcoin dominance to move lower, there will be 2 potential condition that correlate with current condition. the first scenario is the potential of money outflow in bitcoin, which will drive the price of bitcoin to go lower. And the 2nd scenario is the potential of money inflow in altcoin market, which will drive both of altcoin and bitcoin's price to go higher which coming closer to the equilibrium between alts and bitcoin.
If the 2nd scenario occurs, I will look to buy the coins such as XRP, TRX, ETH and BNB to collect to catch the potential huge profit.
Bitcoin dominance : Should the dominance touches the 70% again?
The Bitcoin dominance rate has reached a significant resistance area and decreased afterward as a result. The fact that it is trading inside a bearish pattern makes a breakdown likely. So, here is the more detail technical analysis anf the logic of it.
First thing first, I want to cover the technical analysis of bitcoin dominance first. Looking at the chart applied, currently it's testing the red dynamic line which is the 200 moving average as the dynamic resistance for bitcoin. Right after it touched this dynamic resistance, the price action is showing bearish action with a bearish engulfing candle has formed. Beside the price action perspective, I'm very interested in the potential of the bear flag pattern to form. And because of these confluence reasons of the technical analysis, I must deduce that breaking down of the huge uptrend channel is likely at current condition.
Looking at this potential rate of the bitcoin dominance to move lower, there will be 2 potential condition that correlate with current condition. the first scenario is the potential of money outflow in bitcoin, which will drive the price of bitcoin to go lower. And the 2nd scenario is the potential of money inflow in altcoin market, which will drive both of altcoin and bitcoin's price to go higher which coming closer to the equilibrium between alts and bitcoin.
If the 2nd scenario occurs, I will look to buy the coins such as XRP, TRX, ETH and BNB to collect to catch the potential huge profit.
🎓#SpotTrade 🎓
🎓 $FUEL / BTC - View Chart
🔸Signal Info: EtherParty
Rank: #590 (Starting #650)
Exchange: Binance (Trade)
Direction: LONG
🎯 First target achieved on EtherParty for a smashing
+40% gain after having the first entry filled.
⏱ T - 23h since signal
🔸Current Price: 36sats
❇️Entry: 27sats, 23sats
🎯Take Profit: 38sats, 55sats, Open
♦️Stop Limit: 19sats (-24.16%)
PS - Like our work on Tradingview
🎓 $FUEL / BTC - View Chart
🔸Signal Info: EtherParty
Rank: #590 (Starting #650)
Exchange: Binance (Trade)
Direction: LONG
🎯 First target achieved on EtherParty for a smashing
+40% gain after having the first entry filled.
⏱ T - 23h since signal
🔸Current Price: 36sats
❇️Entry: 27sats, 23sats
🎯Take Profit: 38sats, 55sats, Open
♦️Stop Limit: 19sats (-24.16%)
PS - Like our work on Tradingview
TradingView
🎓#Trade Update 🎓 $FUEL / BTC 🎓 for BINANCE:FUELBTC by HashedPlutus
🔸Signal Info: EtherParty
Rank: #590 (Starting #650)
Exchange: Binance
Direction: LONG
🎯 First target achieved on EtherParty for a smashing +40% gain after having the first entry filled.
⏱ T - 23h since signal
🔸Current Price: 36sats
❇️Entry: 27sats, 23sats…
Rank: #590 (Starting #650)
Exchange: Binance
Direction: LONG
🎯 First target achieved on EtherParty for a smashing +40% gain after having the first entry filled.
⏱ T - 23h since signal
🔸Current Price: 36sats
❇️Entry: 27sats, 23sats…
https://www.tradingview.com/x/FE6G7jdk/
With the confirmation of breaking down of the lower line of this uptrend channel, we could see the 2nd scenario of lower pressure is playing out. With the breaking down of this up trend channel, it will automatically activate the bearish flag scenario and I'll give the target between $4400 - $4000 region to come true.
With the confirmation of breaking down of the lower line of this uptrend channel, we could see the 2nd scenario of lower pressure is playing out. With the breaking down of this up trend channel, it will automatically activate the bearish flag scenario and I'll give the target between $4400 - $4000 region to come true.
Alarms buzzing
Damn, this was an action packed night but guess who has been making money in their sleep?
PXI managed to alert all the users and we managed to pull about 10% only on spot.
Stay Mashed!
https://www.tradingview.com/x/o5wsEHnG/
Damn, this was an action packed night but guess who has been making money in their sleep?
PXI managed to alert all the users and we managed to pull about 10% only on spot.
Stay Mashed!
https://www.tradingview.com/x/o5wsEHnG/
Some of you might have sold seeing this green but only the true genius minds hold to a position pushing their stops higher. There is no shame in being late to the party, atleast you made it. Some nasty channels took the other road and have their followers rekt. That's what brings you back to @hashedplutus every single day. The unmatched QUALITY. We believe in Analysing the past to capitalize the future
Come join the revolution of automation hashedplutus.com
https://www.tradingview.com/x/B8qD1DxV/
Come join the revolution of automation hashedplutus.com
https://www.tradingview.com/x/B8qD1DxV/
https://www.tradingview.com/x/jJiPtC2n/
Bitcoin : break out strategy
Happy Monday and I hope that this week's movement will get better and our portfolio can grow bigger. Now, let's do the chart work of bitcoin.
Bitcoin is showing us a bounce since it touched the $5800 region with a strong green candle at least if we see it from the last 12 hours of trading session. During this kind of movement, usually an amateur will think that this is the time for a bounce. But, I think we're far from that bounce if the amateur trader said it.
Now, let's see what's my opinion about bitcoin. If you've seen my previous analysis and idea, the breaking out strategy is clearly become one of my favorite strategy and in this current movement of bitcoin could be the other perfect representation of break out strategy. If we can see that since the broke down of the lower line of the uptrend channel, the price hasn't tested again the previous broken line as a resistance. This current upward movement could be the action of the 2nd phase of break out strategy before the price shows us the rally to the down side as the confirmation of phase 3.
I don't see any reason for bitcoin to touch more than the green region except for the act of liquidation of the market. I still see bearish bias on current market structure and targeting the previous swing low as the short target could be nice.
Bitcoin : break out strategy
Happy Monday and I hope that this week's movement will get better and our portfolio can grow bigger. Now, let's do the chart work of bitcoin.
Bitcoin is showing us a bounce since it touched the $5800 region with a strong green candle at least if we see it from the last 12 hours of trading session. During this kind of movement, usually an amateur will think that this is the time for a bounce. But, I think we're far from that bounce if the amateur trader said it.
Now, let's see what's my opinion about bitcoin. If you've seen my previous analysis and idea, the breaking out strategy is clearly become one of my favorite strategy and in this current movement of bitcoin could be the other perfect representation of break out strategy. If we can see that since the broke down of the lower line of the uptrend channel, the price hasn't tested again the previous broken line as a resistance. This current upward movement could be the action of the 2nd phase of break out strategy before the price shows us the rally to the down side as the confirmation of phase 3.
I don't see any reason for bitcoin to touch more than the green region except for the act of liquidation of the market. I still see bearish bias on current market structure and targeting the previous swing low as the short target could be nice.
🎓#SpotTrade 🎓
🎓 $AGI / BTC - View Chart
🔸Signal Info: SingularityNET
Rank: #334
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: We are reaching a culmination point on Bitcoin, we expect some volatility over the next few days. I have scouted out a coin that has been heavily oversold, beaten down and now lies on top of a well tested support zone. The falling pitchfork channel will hold the basis on this analysis.
We are exploring the lower band of the channel as we speak. This means the lower range of the channel might get tapped, although that could mean a broken horizontal support. I propose two entries here, one to respect the sturdy horizontal and one that taps the underside of our channel.
I have selected my trusty DMI indicator today. It never fails to paint a clear picture of the accumulation cycles on a currency. This appears to have started around the mayhem in early March, and I am rather pleased with the way it has responded to the events. Strong rebound of the horizontal and a return to the channel. It stropped short of the second band, which also speaks to a continued accumulation cycle, and not a profit or distribution wave.
We are trading the falling wedge breakout within this channel. Targets are set at the intersections marked out at the 0.5 level and 1.0 levels.
🔸Current Price: 189sats
❇️Entry: Up to 189sats, 177sats
🎯Take Profit: 225sats, 277sats, Open
♦️Stop Limit: 164sats (-7.15% for lower entry only)
PS - Like our work on Tradingview
🎓 $AGI / BTC - View Chart
🔸Signal Info: SingularityNET
Rank: #334
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: We are reaching a culmination point on Bitcoin, we expect some volatility over the next few days. I have scouted out a coin that has been heavily oversold, beaten down and now lies on top of a well tested support zone. The falling pitchfork channel will hold the basis on this analysis.
We are exploring the lower band of the channel as we speak. This means the lower range of the channel might get tapped, although that could mean a broken horizontal support. I propose two entries here, one to respect the sturdy horizontal and one that taps the underside of our channel.
I have selected my trusty DMI indicator today. It never fails to paint a clear picture of the accumulation cycles on a currency. This appears to have started around the mayhem in early March, and I am rather pleased with the way it has responded to the events. Strong rebound of the horizontal and a return to the channel. It stropped short of the second band, which also speaks to a continued accumulation cycle, and not a profit or distribution wave.
We are trading the falling wedge breakout within this channel. Targets are set at the intersections marked out at the 0.5 level and 1.0 levels.
🔸Current Price: 189sats
❇️Entry: Up to 189sats, 177sats
🎯Take Profit: 225sats, 277sats, Open
♦️Stop Limit: 164sats (-7.15% for lower entry only)
PS - Like our work on Tradingview
TradingView
🎓#SpotTrade 🎓 $AGI / BTC 🎓 for BINANCE:AGIBTC by HashedPlutus
🔸 Signal Info: Singularity.NET
Rank: #334
Exchange: Binance
Direction: LONG
🔸Analysis: We are reaching a culmination point on Bitcoin, we expect some volatility over the next few days. I have scouted out a coin that has been heavily oversold, beaten down…
Rank: #334
Exchange: Binance
Direction: LONG
🔸Analysis: We are reaching a culmination point on Bitcoin, we expect some volatility over the next few days. I have scouted out a coin that has been heavily oversold, beaten down…
Bitcoin Update
This is the chart that traders don't openly talk about, an excessive buying pressure took the market by storm last week after a solid low moving deep into to 3000s, trading volumes have increased significantly due to the excess time every trader has thanks to the lock down in most sections of the world. Looking at our trusted PXI , we see a sell signal coming in a couple of hours ago. This was followed by a sloppy market leading to a drop as expected.
Currently, the bulls seem exhausted yet hold a clear power play above the $7000 level. We expect the price to oscillate between the given triangle and take a heavy dump before gaining some fuel for the next run up.
For more content : hashedplutus.com
https://www.tradingview.com/chart/BTCUSD/JD2KOzms-Bitcoin-looks-extremely-weak/
This is the chart that traders don't openly talk about, an excessive buying pressure took the market by storm last week after a solid low moving deep into to 3000s, trading volumes have increased significantly due to the excess time every trader has thanks to the lock down in most sections of the world. Looking at our trusted PXI , we see a sell signal coming in a couple of hours ago. This was followed by a sloppy market leading to a drop as expected.
Currently, the bulls seem exhausted yet hold a clear power play above the $7000 level. We expect the price to oscillate between the given triangle and take a heavy dump before gaining some fuel for the next run up.
For more content : hashedplutus.com
https://www.tradingview.com/chart/BTCUSD/JD2KOzms-Bitcoin-looks-extremely-weak/
TradingView
Bitcoin looks extremely weak for GEMINI:BTCUSD by HashedPlutus
This is the chart that traders don't openly talk about, an excessive buying pressure took the market by storm last week after a solid low moving deep into to 3000s, trading volumes have increased significantly due to the excess time every trader has thanks…