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
https://www.tradingview.com/x/U7jKyrEu/
Bitcoin : Scenario A is in play, EW perspective.
Hello all and Happy Friday! let's do the technical analysis about bitcoin in general.
The key of current bitcoin's movement is the euphoria from halving event. It seems like a lot of stakeholders are still interested to collect bitcoin during this event which take place at around May 12th, 2020 . Based on the previous action during the halving event, bitcoin always started its up trend just before the event take place, after that we'll see the consolidation stage before the price goes higher. So, looking at this action, I do believe some move upward is imminent just before the halving take place.
Now, in align with the halving momentum, the EW count itself is showing us a potential upward moves to the anticipated region of $10500 which is the interim swing high region. And the fact that the sub wave 4 of the wave 3 in general has finished, this means we are currently at the sub wave 5 of the wave 3 now. After touching the $10500 region, I'll expect a correction wave of 4 which is the main trend of current EW structure.
Based on the oscillator indicator which I use RSI, it hasn't entered again the overbought region which makes the divergence as an early sign of reversal is not valid yet. Usually when the RSI re enter the overbought region for the second time and the peak of the 2nd attempt can't breaches the peak of the first attempt, that is the right time to enter short position in the market. This time, it's still a long way to go and $10500 could be a perfect place to enter short for short term.
My current bias for short term is bullish after all.
Bitcoin : Scenario A is in play, EW perspective.
Hello all and Happy Friday! let's do the technical analysis about bitcoin in general.
The key of current bitcoin's movement is the euphoria from halving event. It seems like a lot of stakeholders are still interested to collect bitcoin during this event which take place at around May 12th, 2020 . Based on the previous action during the halving event, bitcoin always started its up trend just before the event take place, after that we'll see the consolidation stage before the price goes higher. So, looking at this action, I do believe some move upward is imminent just before the halving take place.
Now, in align with the halving momentum, the EW count itself is showing us a potential upward moves to the anticipated region of $10500 which is the interim swing high region. And the fact that the sub wave 4 of the wave 3 in general has finished, this means we are currently at the sub wave 5 of the wave 3 now. After touching the $10500 region, I'll expect a correction wave of 4 which is the main trend of current EW structure.
Based on the oscillator indicator which I use RSI, it hasn't entered again the overbought region which makes the divergence as an early sign of reversal is not valid yet. Usually when the RSI re enter the overbought region for the second time and the peak of the 2nd attempt can't breaches the peak of the first attempt, that is the right time to enter short position in the market. This time, it's still a long way to go and $10500 could be a perfect place to enter short for short term.
My current bias for short term is bullish after all.
The open interest on Bitmex has shown us that there is still a lot of room for bitcoin to have its rally to the upside.
Based on the previous action and the performance of this chart, the price always had its rally after the open interest touched below $500 Million. The lowest point of this open interest was at around March 2020 which it trended at around $350 Million.
This may be the other case of bitcoin to have its rally to the upside
Based on the previous action and the performance of this chart, the price always had its rally after the open interest touched below $500 Million. The lowest point of this open interest was at around March 2020 which it trended at around $350 Million.
This may be the other case of bitcoin to have its rally to the upside
🎓#SpotTrade 🎓
🎓 $PHB / BTC - View Chart
🔸Signal Info: Red Pulse Phoenix
Rank: #696
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: Red Pulse Pheonix is showing opportunities for massive profits. The trend might very well be turning here. With the parallel channels in place, we can see interactions with the bottom two bands. Lower line has held out as support ever since the previous epic run up to those huge profit levels.
Today we see a boost in volume, a crossover of the 25 exponential moving average, the breakout of the long term trending top side resistance and an RSI that is just about to cross 50#. PXI signal to buy has already been triggered on the lower time frames while this time frames has been resistant to a buy signal just yet. The signals on the chart say we can start accumulating some PHB today!
🔸Current Price: 24sats
❇️Entry: 26sats, 22sats
🎯Take Profit: 37sats, 50sats, 70sats
♦️Stop Limit: 18sats (-25%)
🎓 $PHB / BTC - View Chart
🔸Signal Info: Red Pulse Phoenix
Rank: #696
Exchange: Binance (Trade)
Direction: LONG
🔸Analysis: Red Pulse Pheonix is showing opportunities for massive profits. The trend might very well be turning here. With the parallel channels in place, we can see interactions with the bottom two bands. Lower line has held out as support ever since the previous epic run up to those huge profit levels.
Today we see a boost in volume, a crossover of the 25 exponential moving average, the breakout of the long term trending top side resistance and an RSI that is just about to cross 50#. PXI signal to buy has already been triggered on the lower time frames while this time frames has been resistant to a buy signal just yet. The signals on the chart say we can start accumulating some PHB today!
🔸Current Price: 24sats
❇️Entry: 26sats, 22sats
🎯Take Profit: 37sats, 50sats, 70sats
♦️Stop Limit: 18sats (-25%)
TradingView
🎓#SpotTrade 🎓 $PHB / BTC 🎓 for BINANCE:PHBBTC by HashedPlutus
🔸Signal Info: Red Pulse Phoenix
Rank: #696
Exchange: Binance
Direction: LONG
🔸Analysis: Red Pulse Pheonix is showing opportunities for massive profits. The trend might very well be turning here. With the parallel channels in place, we can see interactions…
Rank: #696
Exchange: Binance
Direction: LONG
🔸Analysis: Red Pulse Pheonix is showing opportunities for massive profits. The trend might very well be turning here. With the parallel channels in place, we can see interactions…