Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
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!
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!
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!
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 : 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.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
$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
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
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#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…
Whipped down this bad boy to the first target
This media is not supported in your browser
VIEW IN TELEGRAM
https://www.tradingview.com/x/7uZVRKvW/
Ethereum : One more push to the upside
Hello all, today I'm not going to cover any movement about bitcoin. I will cover the other crypto asset that bring attention to me. Here is the Ethereum chart work as usual.
Ethereum currently is still trending right inside the up trend channel that has been formed since March 16th, 2020 . Current price is still trending right above the median line of the channel which is acting as short term support which has held the price from further drop. With this current movement, I see a potential bullish flag is in play inside this up trend channel.
Based on the previous price action that has already occured inside this uptrend channel, we can see that they are having similar characteristic with this current pattern. Which after they consolidation pattern (whether it's a triangle or the flag pattern) and it touches the support trend line, they were bouncing from the support and make a confirmation of those bullish action. Currently, the price is trending at its consolidation pattern and trending at the median line which acts as a support trend line which means there are high probability of the price to show us some bounce from current level.
The last thing I want to cover is that at this 4 hours chart, the RSI has given us the confirmation of bearish divergence with a lower high pattern on RSI but higher high on the chart. But, during this movement, we have to check at grand cycle too which is the daily chart in this case. On the daily chart we have seen the first peak of the RSI that has entered the overbought region but, we haven't seen the 2nd peak that enters the overbought region yet. So, there is a high probability that there will be a 1 more peak of RSI to occur in the overbought region on this 4 hours time frame.
For the target if this bullish flag has been confirmed, I'll target the $240 region as the confluence zone between the last level of the fibonacci retracement, longer term resistance trend line and the upper line of current up trend channel.
Ethereum : One more push to the upside
Hello all, today I'm not going to cover any movement about bitcoin. I will cover the other crypto asset that bring attention to me. Here is the Ethereum chart work as usual.
Ethereum currently is still trending right inside the up trend channel that has been formed since March 16th, 2020 . Current price is still trending right above the median line of the channel which is acting as short term support which has held the price from further drop. With this current movement, I see a potential bullish flag is in play inside this up trend channel.
Based on the previous price action that has already occured inside this uptrend channel, we can see that they are having similar characteristic with this current pattern. Which after they consolidation pattern (whether it's a triangle or the flag pattern) and it touches the support trend line, they were bouncing from the support and make a confirmation of those bullish action. Currently, the price is trending at its consolidation pattern and trending at the median line which acts as a support trend line which means there are high probability of the price to show us some bounce from current level.
The last thing I want to cover is that at this 4 hours chart, the RSI has given us the confirmation of bearish divergence with a lower high pattern on RSI but higher high on the chart. But, during this movement, we have to check at grand cycle too which is the daily chart in this case. On the daily chart we have seen the first peak of the RSI that has entered the overbought region but, we haven't seen the 2nd peak that enters the overbought region yet. So, there is a high probability that there will be a 1 more peak of RSI to occur in the overbought region on this 4 hours time frame.
For the target if this bullish flag has been confirmed, I'll target the $240 region as the confluence zone between the last level of the fibonacci retracement, longer term resistance trend line and the upper line of current up trend channel.
BREAKING: Libra Association Names HSBC Chief Legal Officer Stuart Levey as CEO ‼️
https://www.theblockcrypto.com/amp/linked/64231/libra-association-names-hsbc-chief-legal-officer-stuart-levey-as-ceo
https://www.theblockcrypto.com/amp/linked/64231/libra-association-names-hsbc-chief-legal-officer-stuart-levey-as-ceo
https://www.tradingview.com/x/ypAo8qcK/
Bitcoin, 2 scenarios and break out strategy?
Hello all, welcome back to the chart work of bitcoin. This time, I'll cover the bitcoin in 4 hours time frame. Now, let's see what is the possibility of the price in the upcoming moves.
Based on current bitcoin's structure, there are a very important moves that everyone must see during the post double top pattern. The price was getting rejected after it touched the double top region which is the same level of the interim swing high around $9400 . But, I see this as a normal behavior during this movement before the price continue its leg higher.
These are 2 facts that I'd like to cover during this analysis :
1. The fact that current drop since the test toward the double top, there could be the 2nd phase of break out strategy to come in play too. Which is testing the previous broken resistance that is now become support. The previous broken resistance here is the upper line of the failure descending triangle.
2. The latest 4% drop is not a significant amount of volatility because since the few months ago, the volatility of the price is remains higher. Beside, the price is still trending above the white support trend line which has held the price since the V shape structure in play.
And based on those 2 facts, I have another 2 scenario for bitcoin's price in the near future :
A) This scenario is if the price can holds above this previous broken resistance and the phase 2 of break out strategy has been confirmed, we might see a push toward the psychological level around $10000 or even higher.
B) This scenario is the bearish one, which if this retest toward the upper line of the descending triangle fails to holds, we'll see the price to test the white support trend line again around $8000 level. And if this breaks, I'll see the $7700 is in play.
But, following the other fundamentals and current sentiment on the market, it's more likely that the price will continue its leg higher. I still stay on my current bias which is bullish for short term (until the halvening take place).
Bitcoin, 2 scenarios and break out strategy?
Hello all, welcome back to the chart work of bitcoin. This time, I'll cover the bitcoin in 4 hours time frame. Now, let's see what is the possibility of the price in the upcoming moves.
Based on current bitcoin's structure, there are a very important moves that everyone must see during the post double top pattern. The price was getting rejected after it touched the double top region which is the same level of the interim swing high around $9400 . But, I see this as a normal behavior during this movement before the price continue its leg higher.
These are 2 facts that I'd like to cover during this analysis :
1. The fact that current drop since the test toward the double top, there could be the 2nd phase of break out strategy to come in play too. Which is testing the previous broken resistance that is now become support. The previous broken resistance here is the upper line of the failure descending triangle.
2. The latest 4% drop is not a significant amount of volatility because since the few months ago, the volatility of the price is remains higher. Beside, the price is still trending above the white support trend line which has held the price since the V shape structure in play.
And based on those 2 facts, I have another 2 scenario for bitcoin's price in the near future :
A) This scenario is if the price can holds above this previous broken resistance and the phase 2 of break out strategy has been confirmed, we might see a push toward the psychological level around $10000 or even higher.
B) This scenario is the bearish one, which if this retest toward the upper line of the descending triangle fails to holds, we'll see the price to test the white support trend line again around $8000 level. And if this breaks, I'll see the $7700 is in play.
But, following the other fundamentals and current sentiment on the market, it's more likely that the price will continue its leg higher. I still stay on my current bias which is bullish for short term (until the halvening take place).
Quick #BTC_Update ‼️
Bitcoin is Facing a Tuff Resistance at $9400 Resistance Zone,
Showcasing Strength Of Bears.
Also,
Buyers Are Strongly Holding $9250 Level
Breaking Below Will Re-Test $9K Support Area.
I'm Not Talking Bearish But We Need a Solid Accumulation at $9K Level For Further Uptrend.
if We Get a Solid Accumulation at $9K You Can Expect BTC To Breakout Above $9500 With The Target Of $10K
Bitcoin is Facing a Tuff Resistance at $9400 Resistance Zone,
Showcasing Strength Of Bears.
Also,
Buyers Are Strongly Holding $9250 Level
Breaking Below Will Re-Test $9K Support Area.
I'm Not Talking Bearish But We Need a Solid Accumulation at $9K Level For Further Uptrend.
if We Get a Solid Accumulation at $9K You Can Expect BTC To Breakout Above $9500 With The Target Of $10K
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Here we start taking profits.
I would recommend stepping out of $RVN following a weak daily close.
On the other side, we can scalp $CHZ following bullish news
UFC Partners With Chiliz to Release Digital Fan Tokens of Fighters
Ethereum-based sports tokenization venture Chiliz is partnering with the UFC to release digital fan tokens through the Socios.com platform.
https://ct.com/8jqn
On the other side, we can scalp $CHZ following bullish news
UFC Partners With Chiliz to Release Digital Fan Tokens of Fighters
Ethereum-based sports tokenization venture Chiliz is partnering with the UFC to release digital fan tokens through the Socios.com platform.
https://ct.com/8jqn
