Bitcoin blew our profits through the roof in the last 48 hours and now we enter the decisive action zone. We call this the Boom or Doom area. Have a look at the chart for the upcoming setups.

For long bitcoin has been considered digital gold. Lately the price action mirroring is quite evident.

https://charts.cointrader.pro/snapshot/LJIRn

BTC : Trend continuation

Bitcoin has already make it through the anticipated region to around $9000 region. At current condition, here comes to another uncertainty after it got rejected from the upper line of the channel as the action of the price respecting this as a strong resistance.

At current condition, we have seen that in 12 hours chart, there are some points I want to highlight.
1. The price is touching the .786 level of fibonacci retracement which is the last significant area of resistance based on the fibonacci rules.
2. The RSI is entering the overbought region which is above the 80 level.
3. The .786 fibonacci level is having an alignment with the resistance trend line as the upper line of the down trend channel
4. Comparing with the February 20th and current price, the price action has printed a lower high but at the RSI level, we can see that the RSI is printing a significant higher high which meets the requirement of the hidden bearish divergence.

Conclusion : So, based on all of those fact, I won't be bullish until the price can breaks the interim swing high around $10500 region which I've anticipated as the wick region for a fake break out on previous chart analysis. Beside, whenever we see a hidden bearish divergence, it will signals the price continuation of the price to go lower. 1 more spike to the upside, I'll stack the short position.

🎓#TradeUpdate 🎓
🎓 $POWR / BTC - View Chart

🔸Signal Info: Power Ledger
Rank: #102 (Starting Rank: 119)
Exchange: Binance (Trade)
Direction: LONG

🎯Status: This trade when on for quite a while, but the levels held, and the profits are now in the bank. Early on in the setup, first target was missed by the narrowest of margins. That would have helped with the long hold on the currency through consolidation. Eitherway, with a stop of about 11%, the position remained open for about 30 days. Today, two massive targets have been triggered on Power Ledger for 35% and 56% respectively leaving us with about 47% average gain for 2/3rd of the position.

🔸Current Price: 824sats
❇️Entry: Up to 830sats, 784sats
🎯Take Profit: 1095sats, 1260sats, 1630sats
♦️Stop Limit: 717sats (11.04%)

PS - Like our work on Tradingview

🎓 #PXI Plutus eXploration Index 🎓
🎓 $POWR / BTC - View Chart

Just to be sure that our favorite indicator is still on point, I thought I would zoom in quick, to see if the PXI managed to catch those smashing profits while we slept. Low and behold, the Plutus eXploration index signaled a buy position a full 8h before the the breakout on this 60min time frame.

Request your trial today - @cryptopotatoes | @lord_horst

#WRX/BTC
Analysis On Request

WRX Has Been Forming a Falling Parallel Channel On it's 4Hr Chart
if Breakout 📈
Can Go For a Pump.

if Not,
WRX Has Strong Support Available at 1440 - 1480
You Can Buy a Bag There it Should Give Insane Profits From Following Support Area.

Sell in May: Gann May 6 inflection point approaching
----------------

"Sell in May and go away" is an investment strategy for stocks based on a theory (sometimes known as the Halloween indicator) that the period from November to April inclusive has significantly stronger stock market growth on average than the other months. In such strategies, stocks are sold at the start of May and the proceeds held in cash (e.g. a money market fund); stocks are bought again in the autumn, typically around Halloween. "Sell in May" can be characterised as the belief that it is better to avoid holding stock during the summer period.

Though this seasonality is often mentioned informally, it has largely been ignored in academic circles.

Data show that stock market returns in many countries during the May–October period are systematically negative or lower than the short-term interest rate.

https://www.tradingview.com/x/jDeJ9Lmn/

Price action : Be Cautious of bull trap, trade set up

Hello all, here I present you the chart work of bitcoin.

The price has bounced to touched the anticipated region at around the $9400 region which is at around the upper line of the down trend channel which acts as a resistance trend line. This action however is similar with the previous action that has occured at this bitcoin's movement with a series of breaks down the yellow support trend line, retest it again as a confirmed resistance and goes down as the major trend in middle term.

With current movement in the market and if we combine with the past performance in the market, there is still a possibility of the price to repeat again its past performance. This means the price can push higher in the short term to around the previous broken support at yellow trend line which could be the action of phase 2 break out strategy. And because the yellow trend line is above the upper line of the down trend channel, we might anticipate an action of bull trap which could give a push above the resistance trend line before dump it down.

The last thing I want to cover is the action of RSI and the price action. At current price, we can see that the price is forming a lower high pattern. On the other hand, the RSI is forming a double top with potential of breaching the previous high on RSI level. This action also called the hidden bearish divergence as the continuation of down trend pattern.

If you want to play conservative, here is the set up that you can use for swing trading.
1. Open a short position when the price has the confirmation of breaks down the red support trend line.
2. Open a long position when the price has the confirmation of breaks out of the blue zone to reduce the risk of bull trap.

For short position, targeting the swing low (or around $5000) and for long position, targeting the swing high (or around $13000)

Bitcoin seems to have found some resistance. Do not trade here without stop-loss.

And boom, we nailed it right again.

Congratulations on the profit!

#BNB On Binance ‼️

is Having a Good Level Correction After a +30% Surge
Now Has Approached To Support Area.
Looks Good To Be Bought.

Entry : 0.0019200
Sell Targets : 0.0020200 - 0.0021100 - 0.0022100 - 0.0023050

StopLoss : -7% From Entry


Side note: Guys if you're into scalping I strongly recommend you pin us to the top and turn the notifications on so you don't miss the fast paced action like the bang on accurate trade of bitcoin today!

Bitcoin very accurately retracted on the longer time frame. Further breakdown might cause a selloff leading to a bigger price drop

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

Bitcoin : Elliot wave count

Hello all, here I present you my newest EWT analysis on bitcoin using the 4 hours chart in the middle term major cycle. Let's enjoy it!

Based on my Elliot wave count, I assume that currently the price is on its process to finish the sub wave 4 of the wave 3 in the higher degree. There are some factors that supports my bias for this Elliot wave theory and here they are :
1. On a very bullish market, usually the wave 4 will remains flat as a consolidation phase. Looking at the price characteristic, the fact that the price is forming a descending triangle pattern is showing us that consolidation phase is still in play.
2. Mostly, the 4th wave won't retrace more than the area of .382 fibonacci retracement level. Currently the .382 is becoming a strong support that has held the price from further drop and as the floor for the descending triangle pattern.
3. Looking at the RSI, we haven't seen any sign of the bearish divergence which usually become the early sign of potential reversal. We have seen the peak that has crossed the overbought region at April 20th But, we haven't seen another attempt of the RSI that enters this region again. And of course the price hasn't made a higher high pattern yet.
4. On the MACD analysis, the histogram is ticking to the upside with a strength has grown in the last 24 hours. With this kind of gaining momentum of the bulls, there is likely that the histogram will continue ticks to the positive region which will give a potential bullish momentum on the price.

For now, there are 2 potential trade set up in the future :
- Breaks above the upper line of the descending triangle, activate the long position and target at least the interim swing high at $9400 and $10500 for longer term target.
- Breaks below the lower line of the descending triangle, activate the short position and target at least the $7700 and $6500 for longer term target.

With a price comes closer to the APEX, There is a potential volatility comes in the near future.

Bitcoin just broke a crucial downtrend resistance

$CHZ is testing resistance. Break out can give a strong rally

Now you know why I asked you to turn notifications on and pin us to the top

#BTC/USDT (Binance Futures) ‼️

SHORT
Leverage : 10x

Entry : $8945 - $8975
TP(s) : $8860 | $8770 | $8680 | $8600

StopLoss : $9016

🔻 it's Creating a Bearish H&S Pattern
🔻 $8940 - $8970 Has Been Acting as a Good Resistance Earlier.
🔻 Now After Breaking it Down,
it Should Again Act as a Resistance

Whipped down this bad boy to the first target

$ENJUSD Macro View

This coin is beyond useful if implemented correctly in the gaming industry. Regardless, the technicals seem promising