Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
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Analysing the past to capitalize the future.
Not financial advice
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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/
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.
πŸŽ“#SpotTrade πŸŽ“
πŸŽ“ $AGI / BTC - View Chart

πŸ”ΈSignal Info: SingularityNET
Rank: #334
Exchange: Binance (Trade)
Direction: LONG

πŸ”ΈAnalysis: 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.

πŸ”ΈCurrent 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
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/
https://www.tradingview.com/x/SPgEi2BG/

Bitcoin : Real Capitulation ahead

Hello all, here is the chart work of bitcoin based on the 1 week movement and for the longer term use. Let's get it started.

There are 2 important things that got my attention looking at the chart applied, Beside a very huge bearish pressure from the last 2 weeks candle.

The first crucial thing is the white region which is becoming the strong support back then between 2017 - 2018 and this zone is having the confluence too with the golden pocket zone that I get from connecting the body to body on monthly time frame. We can't deny that the price is currently trending slightly below this level again since May 2019 and of course this is not a good sign for bitcoin. With the last 2 weeks candle which showed us a huge wick toward the upside, Bear is in full control of this market. The bulls had tried to push the price to claimed back the white region as support but Bears come with tremendous power to eliminate all the bull's power. This is a typical characteristic before capitulation.

The 2nd crucial thing is the yellow support trend line, which is becoming a support trend line since the interim low of December 2018. Looking back at the March 9th, when there was a huge dump in 1 week of trading session, we can see that the price immediately had bounce after it touched this support and only producing a wick toward the down side showing this area as a strong support that must be respected.

Looking at current confluence reasons, I feel like there might be a real capitulation to come in near future. The latest bear market at 2018 wasn't a proper capitulation for me, it was just the warm up phase of the market before the real capitulation come. I will be fully prepared if this week's candle once again closes below the white region, I'll expect a test toward the yellow region, From there I'll see the next price action that will occur. I won't be surprise to see the bitcoin tests again the $3000 or even lower this year. This is how market works, Just be prepared for any possible scenario.
Guys the updates have slowed down in light of the recent market movements, we don't trade when the risk is higher than the reward. The best one could invest is in himself. Take this time to organise things and pick a nice e-book and read. Learn new concepts and industries.

Consider Peter Lynch, that guy is very accurate in a certain market. He lives by a simple rule, "Don't invest in things you don't understand."

Everyone on the street might be screaming that XYZ is a cutting edge company and will outperform Tesla and Amazon. The problem is we don't ask questions.
"What is the cutting edge tech?" or "Is this a good revenue model?"
Questioning and learning out these new industries give us a wider range of options to invest in. Consider Pharma stocks, they are building vaccines but we have no clue whether they are actually useful in the field.

BOTTOM LINE : Learn new things and don't invest in thinks you haven't learnt about
Inverted 🍭 on 4h, nasty moves came in. Nice that we chose the sidelines instead of burning ourselves
https://www.tradingview.com/x/9cPnh5OJ/

A Perfect Wick

Hello, let's do the technical analysis of bitcoin and make it as quick as possible.

if you've seen my previous analysis about bitcoin is short term, I've already anticipated this kind of moves toward the upside as the action in phase 2 to confirm previous broken support that is now become resistance as well. On the 4 hours chart, we have seen the 1st confirmation of bears to take over control with w huge wick toward the area of $7000 region. And what makes it more perfect is that this wick nearly touched the lower line of the uptrend channel as the broken support trend line.

The 6% rejection toward the upside isn't a joke at all, this could be the perfect time to accumulate short position. Align with this condition, the previous 4 hours candle has closed below the anticipated green region as well as the strong area of resistance.

Targeting the $4000 region as my conservative target for mid term.
πŸŽ“#SpotTrade πŸŽ“
πŸŽ“ $ENG / BTC - View Chart

πŸ”ΈSignal Info: Enigma
Rank: #199
Exchange: Binance (Trade)
Direction: LONG

πŸ”ΈAnalysis: Enigma is been trending down for a long time now, It made a stunning high back in December 2019, and it has remained trapped in this trending channel ever since. I have also drawn out Fib levels off that high candle close and the low candle close price Mid march. These levels appear to be in harmony and we can proceed with an assessment of a breakout strategy on this asset.

There is a massive volatility spike on ENG less than 1 week ago, creating a staggering low, which recovered immediately, to return to the inner band of the channel. This was caused when the price attempted to break out of the lower band the first time around, so it bring be confidence to see it returned and continued trading in the inner band.

We have a bit of an unusual chart pattern here, and inverted symmetrical triangle. I'd say we can trade a breakout here, with a tight first target to mitigate the risk all together. Addition targets are set along the intersecting bands where we expect resistance.

πŸ”ΈCurrent Price: 1752sats
❇️Breakout Entry: 1805sats
🎯Take Profit: 2020sats, 2630sats, 3225sats
♦️Stop Limit: 1640sats (-9.14%)

PS - Like our work on Tradingview
πŸŽ“#TradeUpdate πŸŽ“
πŸŽ“ $ENG / BTC - View Chart

πŸ”ΈSignal Info: Enigma
Rank: #191
Exchange: Binance (Trade)
Direction: LONG

🎯Status: First target reached after breakout entry on ENG, only minutes after signal was posted. +11.91% Profit as and a trigger to raise out stop limit to breakeven,

πŸ”ΈCurrent Price: 1974sats
❇️Breakout Entry: 1805sats
🎯Take Profit: 2020sats, 2345sats, 3225sats
❇️Stop Limit: 1805sats (0%)
Massive gaps on CME 1 hour time frame
We have already seen that gap fills are one of the most accurate indicators of any upcoming move, here we have a pretty big gap but the question always lingers. When will it get filled?
Two Possible Scalp Long Entries. Ideally, triangles should hold to maintain bullishness, but I've also seen plenty of failed triangle patterns end up playing out after being "invalidated", hence, the second possible entry.

If you happen to have a short open from 6900 and above, you may take partial profits if we bounce at point C. I will personally keep my shorts open as a hedge.
https://www.tradingview.com/x/MPbrP9lK/

The other perspective and Dollar Cost Averaging

Happy Sunday, here I give you another perspective that may support my previous bearish bias of bitcoin.

The key of this analysis is the high period of moving average which I use to identify whether there is a down trend or the uptrend which hold current major trend in the market. Here in this example, I use the 1000 moving average on the daily time frame.

The 1000 moving average can be used as the benchmark to identify the dynamic support or resistance. In this current structure, we've found that based on the historical performance of bitcoin, there are only 3 period of times that the price trended below this 1000 MA on daily chart. The first period was between January - October 2015, The second period was between November 2018 - April 2019 and the third period is now. I might say with current price structure, the 1000 MA is acting as a dynamic resistance and the fact that the price is coming closer to this line makes me expecting a potential rejection toward this resistance and make the price goes lower.

On the other hand, The fact that the price is now trending slightly below the 1000 moving average is once again becoming a good area of doing the dollar cost averaging for a long term investment. At this rate below this dynamic support, the price of bitcoin is becoming undervalue. But, this doesn't mean the price can't goes even lower, but doing the dollar cost averaging at this rate is less risky than if we wait for the price to breaks out of current resistance to confirm the uptrend.

So, for short term, I will bet that the price will go even lower. But, for longer term maybe for the next 2 - 5 years, this time is a great time to start your dollar cost averaging on bitcoin as part of your portfolio.
πŸŽ“#TradeUpdate πŸŽ“
πŸŽ“ $STORJ / BTC - View Chart

πŸ”ΈSignal Info: Storj Labs
Rank: #160 (Starting rank - #173)
Exchange: Binance (Trade)
Direction: LONG

🎯Status: First target reached for +17.69% profit after both entries had been filled. The second target was narrowly missed by 30sats. #PXI doesn't fail to impress, delivering a flawless signal on the 4h timeframe only hours before the smashing breakout, and that right on top of our initial first entry.

Second target is still very much in reach, so we will not rush an exit on this position just yet. Lets move the stop up to a conservative value just above first entry @ 1395sats.

πŸ”ΈCurrent Price: 1583sats
❇️Entry: Up to 1330sats, 1270sats
🎯Take Profit: 1530sats, 1760sats, 2240sats
‴️Stop Limit: 1395sats (+7.31%)

PS - Like our work on Tradingview
πŸŽ“#TradeUpdate πŸŽ“
πŸŽ“ $ENG / BTC - View Chart

πŸ”ΈSignal Info: Enigma
Rank: #300
Exchange: Binance (Trade)
Direction: LONG

⏹ Status: Enigma breakout trade was stopped out at breakeven after reaching the first target. The band on the channel represented some resistance which could not yet be overcome. We now have our eyes on potential contact with the underside of this channel with alerts set at around 1505sats or the green box on the chart.

πŸ”ΈCurrent Price: 1705sats
❇️Breakout Entry: 1805sats
🎯Take Profit: 2020sats, 2345sats, 3225sats
⏹ Stop Limit: 1805sats (0%)
πŸŽ“#SpotTrade πŸŽ“
πŸŽ“ $AST / BTC - View Chart

πŸ”ΈSignal Info: AirSwap
Rank: #639
Exchange: Binance (Trade)
Direction: LONG

πŸ”ΈAnalysis: AirSwap token looks to be extremely undervalued right now, coming in at rank 639 by market cap. It has however been seeing increased interest by traders over the last 90 days with the volume spikes as proof of this.

There is a trending line with has been tapped for profits on numerous occasions over this period, and we shall trade the breakout of the local bullish rising wedge pattern for a crossing on this line for a start.

Higher highs, and higher lows bring much confidence in this setup, along with the volume to inspire an entry at such a low price. Stop is set rather tight to re-asset an entry, should the formation break down south.

πŸ”ΈCurrent Price: 196sats
❇️Market Entry: 195sats
🎯Take Profit: 223sats, 291sats, 336sats
♦️Stop Limit: 184sats (-5.64%)

PS - Like our work on Tradingview
πŸŽ“#SpotTrade πŸŽ“
πŸŽ“ $BLZ / BTC - View Chart

πŸ”ΈSignal Info: Bluezelle
Rank: #505
Exchange: Binance (Trade)
Direction: LONG

πŸ”ΈAnalysis: This trade on Bluezelle is becoming active, and time is of the essence here. The relative volume on the asset is above average, and the price has tried to breakout from this formation with a concerted effort twice within the last 24hours.

Average volume has seen a massive increase over the past 15days, with massive profits taken by some traders. First +60%, then +40% on the second wave. Let us see what we can achieve on the final apex breakout.

πŸ”ΈCurrent Price: 220sats
❇️Entry: 217sats, 209sats
🎯Take Profit: 242sats, 267sats, 332sats
♦️Stop Limit: 198sats (Β±7% loss)

PS - Like our work on Tradingview