Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#BTC_Update ‼️ Possible Scenario ☝️ Only if Holds $8800 Support Level. I've Been Calling $9260 as an Important Resistance Level That Bitcoin Needs To Test Before Going For Correction. And Now Since it's That Close To it, I'm Expecting BTC To Test Out The…
So, Those Who Followed Our BTC Analysis...
Congratulations For Your Profits.
That's About +64% ROI
Even With 10× Leverage
Cheers 🍸
Congratulations For Your Profits.
That's About +64% ROI
Even With 10× Leverage
Cheers 🍸
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#BCH/USDT (Binance Futures) LONG Leverage : 10x Entry : $235 - $233.50 TP(s) : $237.4 | $239.6 | $242 | $244.3 | $246.7 Wide Range : $250 | $253.7 StopLoss : $230.90 (Risky_Trade)
#BCH/USDT
Long Call Was Shared Here...
Price Hits $235.20
(Almost To Entry Price)
& Then Reached $242
Targets 1, 2 & 3 Achieved ✅
Huge 29% Profit 🍸
Long Call Was Shared Here...
Price Hits $235.20
(Almost To Entry Price)
& Then Reached $242
Targets 1, 2 & 3 Achieved ✅
Huge 29% Profit 🍸
#BTC/USDT (Binance Futures) ‼️
SHORT
Leverage : 5x / 10x
Entry : $9520 - $9600
TP(s) : $9430 | $9330 | $9240 | $9140 | $9050 | $8950
StopLoss : $9764
BTC/USDT is The Only Pair That is Playing Dirty Here.
Created Another HH in Lower Frames,
Rest Other USDT Pairs Are Dumping...
Let's Bet On Bears 🙌
SHORT
Leverage : 5x / 10x
Entry : $9520 - $9600
TP(s) : $9430 | $9330 | $9240 | $9140 | $9050 | $8950
StopLoss : $9764
BTC/USDT is The Only Pair That is Playing Dirty Here.
Created Another HH in Lower Frames,
Rest Other USDT Pairs Are Dumping...
Let's Bet On Bears 🙌
https://www.tradingview.com/x/I9QhaYVP/
Ethereum play is still valid! Give my baby boy a move!
If we talk about which crypto asset which has the most correlation with bitcoin, it will be very ignorant to me to not answer Ethereum. Yes, Ethereum is having a positive correlation with bitcoin and it's highly correlated to it. Like you can see on the last 2 days when bitcoin has its bounce with 10% up from the local bottom, Ethereum is doing the exact same thing with the 16% from its local bottom. And because bitcoin is having its bullish momentum on play, here we must expect the same thing on Ethereum.
I'm not just looking from the correlation perspective. But, on its chart work too. The technical analysis is showing us the same thing and funny that I've waited for this pattern since May 6th. Looking at the pattern, the major parallel channel here is the white up trend channel and it hasn't been broken down even when the price was at its bearish pressure on May 10th. There are several action from the previous performance that had the same bull flag pattern with today's bull flag pattern and it's all ended up with the spike of going up!
Now, if we look at the RSI, it moves perfectly to above the 60 level which is the shifting area from the neutral to bullish momentum in play. So, there is still a high probability for the price to test the higher zone of resistance and I have my conservative target on $240 if the price can breaks out of the upper line of the flag.
Ethereum play is still valid! Give my baby boy a move!
If we talk about which crypto asset which has the most correlation with bitcoin, it will be very ignorant to me to not answer Ethereum. Yes, Ethereum is having a positive correlation with bitcoin and it's highly correlated to it. Like you can see on the last 2 days when bitcoin has its bounce with 10% up from the local bottom, Ethereum is doing the exact same thing with the 16% from its local bottom. And because bitcoin is having its bullish momentum on play, here we must expect the same thing on Ethereum.
I'm not just looking from the correlation perspective. But, on its chart work too. The technical analysis is showing us the same thing and funny that I've waited for this pattern since May 6th. Looking at the pattern, the major parallel channel here is the white up trend channel and it hasn't been broken down even when the price was at its bearish pressure on May 10th. There are several action from the previous performance that had the same bull flag pattern with today's bull flag pattern and it's all ended up with the spike of going up!
Now, if we look at the RSI, it moves perfectly to above the 60 level which is the shifting area from the neutral to bullish momentum in play. So, there is still a high probability for the price to test the higher zone of resistance and I have my conservative target on $240 if the price can breaks out of the upper line of the flag.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
This is beyond scary
Played out beautifully.
It's time you pin our channel to the top and turn on notifications
It's time you pin our channel to the top and turn on notifications
https://charts.cointrader.pro/snapshot/9f1sJ
Here is my specific reasons why I can't be so ignorant with the potential bearish push in the future for long term especially.
1. Currently the pric is still trending at the grey region which was a support back at July 2019. It was a strong support and considering this fact, this current region is becoming a resistance now.
2. Even if the price can breaks out of current grey region, there is still a huge resistance above which is the blue region that the price needs to breaks. With current movement if we compare to the RSI indicator, there is still a bearish hidden divergence in play. That's why breaks out of the blue region will invalidate the hidden divergence scenario.
3. MACD histogram is still trending at the negative side and there is a death cross on the MA on MACD indicator.
In summary, There is still a potential movement to go to the upside for short term. But for mid and long term will be a tricky one. There is a good fundamental but the Technical is not as good as it looks.
Here is my specific reasons why I can't be so ignorant with the potential bearish push in the future for long term especially.
1. Currently the pric is still trending at the grey region which was a support back at July 2019. It was a strong support and considering this fact, this current region is becoming a resistance now.
2. Even if the price can breaks out of current grey region, there is still a huge resistance above which is the blue region that the price needs to breaks. With current movement if we compare to the RSI indicator, there is still a bearish hidden divergence in play. That's why breaks out of the blue region will invalidate the hidden divergence scenario.
3. MACD histogram is still trending at the negative side and there is a death cross on the MA on MACD indicator.
In summary, There is still a potential movement to go to the upside for short term. But for mid and long term will be a tricky one. There is a good fundamental but the Technical is not as good as it looks.
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#BTC_Update ‼️
Bitcoin is Facing Lot's Of Resistance On it's Way.
DownTrend Resistance
Followed By, TrendLine Resistance.
These Resistance(s) Needs To Be Brokenout Or Else,
Bitcoin Would Test $9050 Support Area.
Fingers Crossed 🤞
Bitcoin is Facing Lot's Of Resistance On it's Way.
DownTrend Resistance
Followed By, TrendLine Resistance.
These Resistance(s) Needs To Be Brokenout Or Else,
Bitcoin Would Test $9050 Support Area.
Fingers Crossed 🤞
#BTC/USDT (4Hr) ⚠️
Bitcoin Has Successfully Brokeout On 4Hr Time Frame
Now, Let's See if it Holds On Re-Test.
Bitcoin Has Successfully Brokeout On 4Hr Time Frame
Now, Let's See if it Holds On Re-Test.
https://www.tradingview.com/x/bL70e5MB/
Bitcoin : The weekly candle close and the perspective of it
Hello all, Happy Monday and I hope you are all doing great in this market. Now, I want to cover the weekly view of the bitcoin in very detail analysis.
The first thing that I want to give the highlight is usually become the most important thing which highly affect the market movement. And from this technical view, the previous performance becomes the most important. Looking at the top of bullish market around July 2019, we can see that there was a shooting star candle followed with an extra bullish candle but due to there isn't enough strength of that bullish candle, the close price didn't close above the high of the previous candle and that's why the price goes down in upcoming week. Similar with this movement, the price has shown us a similar price action with the July 2019 top. Is this action only a bull trap? We should wait.
The second thing is that the price is still trending at around the blue resistance point. This resistance however is a strong resistance due to the previous action of the price too. Back at the September 2019 when there was a beginning of the bearish market confirmation with a breaks down of current level. Which makes current action to retest the previous broken support as resistance here.
The third and the last thing to see is the RSI as the oscillator indicator. This might be the only reason why I leave current movement for the long term unbiased. Yes, at this indicator the RSI is still trending on neutral zone between the 60 - 40 level which is an area of uncertainty. Breaks above the 60 will make the bullish bias and breaks below the 40 will confirm the bearish bias.
At last, there is a quotes saying patience is gold and I think this time we have to apply this quotes as well. We haven't understood yet whether this action is bull trap or not. But, it looks like a bull trap for me.
Bitcoin : The weekly candle close and the perspective of it
Hello all, Happy Monday and I hope you are all doing great in this market. Now, I want to cover the weekly view of the bitcoin in very detail analysis.
The first thing that I want to give the highlight is usually become the most important thing which highly affect the market movement. And from this technical view, the previous performance becomes the most important. Looking at the top of bullish market around July 2019, we can see that there was a shooting star candle followed with an extra bullish candle but due to there isn't enough strength of that bullish candle, the close price didn't close above the high of the previous candle and that's why the price goes down in upcoming week. Similar with this movement, the price has shown us a similar price action with the July 2019 top. Is this action only a bull trap? We should wait.
The second thing is that the price is still trending at around the blue resistance point. This resistance however is a strong resistance due to the previous action of the price too. Back at the September 2019 when there was a beginning of the bearish market confirmation with a breaks down of current level. Which makes current action to retest the previous broken support as resistance here.
The third and the last thing to see is the RSI as the oscillator indicator. This might be the only reason why I leave current movement for the long term unbiased. Yes, at this indicator the RSI is still trending on neutral zone between the 60 - 40 level which is an area of uncertainty. Breaks above the 60 will make the bullish bias and breaks below the 40 will confirm the bearish bias.
At last, there is a quotes saying patience is gold and I think this time we have to apply this quotes as well. We haven't understood yet whether this action is bull trap or not. But, it looks like a bull trap for me.
https://www.tradingview.com/x/e4nlm4sY/
Here is an update about my latest post about Ethereum. The price has already broken out of the flag pattern (yellow channel) and is now reached the first resistance around $215 . We can now expect a moves toward the major resistance of $226 and $250.
Here is an update about my latest post about Ethereum. The price has already broken out of the flag pattern (yellow channel) and is now reached the first resistance around $215 . We can now expect a moves toward the major resistance of $226 and $250.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
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Head to the post right now!
https://www.tradingview.com/x/5gIknVWk/
Bitcoin : perspective for short term
Hello all, here is the another bitcoin perspective from the daily time frame.
Yesterday, the price has dropped heavily from the $9800 to $9200 just in 1 hours of trading session. Because of this drop, a lot of traders has changed their bias from bullish to bearish. But, for me it's not that easy change bias only looking at the panic attack in a single action! For me, as a trader we have to stick on our original plan and be sure with what we've done. Based on current price movement, I can't be bearish unless the price breaks down of the lower line of the yellow up trend channel. Currently the price is still trending right at the median line of the channel which in my opinion, it looks like a break out will occur in near future.
The next factor why I keep my own bullish bias for short term is the RSI, The RSI on the daily chart is trending right above the 60 level which is the boundary between neutral and bullish zone. This means the price is trying to shift its momentum from neutral to bullish.
The last thing I want to highlight is that there is a confluence factor that may cause an upward movement either it's a quick wick or a slower movement to the upside. The fibonacci range, You can see that the white region that I draw on the chart is having a confluence with the upper line of the channel and it's an area between the -0.382 and -0.618 fibonacci retracement. That's why I will conclude that this area is the most heavy resistance for current movement.
My bias remains the same with the bullish short term and unbiased mid and long term. Currently, I am keeping 50% of my portfolio in cash to hedge in the potential long term drop.
Bitcoin : perspective for short term
Hello all, here is the another bitcoin perspective from the daily time frame.
Yesterday, the price has dropped heavily from the $9800 to $9200 just in 1 hours of trading session. Because of this drop, a lot of traders has changed their bias from bullish to bearish. But, for me it's not that easy change bias only looking at the panic attack in a single action! For me, as a trader we have to stick on our original plan and be sure with what we've done. Based on current price movement, I can't be bearish unless the price breaks down of the lower line of the yellow up trend channel. Currently the price is still trending right at the median line of the channel which in my opinion, it looks like a break out will occur in near future.
The next factor why I keep my own bullish bias for short term is the RSI, The RSI on the daily chart is trending right above the 60 level which is the boundary between neutral and bullish zone. This means the price is trying to shift its momentum from neutral to bullish.
The last thing I want to highlight is that there is a confluence factor that may cause an upward movement either it's a quick wick or a slower movement to the upside. The fibonacci range, You can see that the white region that I draw on the chart is having a confluence with the upper line of the channel and it's an area between the -0.382 and -0.618 fibonacci retracement. That's why I will conclude that this area is the most heavy resistance for current movement.
My bias remains the same with the bullish short term and unbiased mid and long term. Currently, I am keeping 50% of my portfolio in cash to hedge in the potential long term drop.
Incident title: Trading engine downtime
Incident time: May 19, 2020 - 12:13 UTC
Incident status: Investigating
Details: The Trading Engine is currently down. We're working to bring it back online as soon as possible. Further updates to follow shortly.
BitMEX.com - Trading Engine - Operational
Incident time: May 19, 2020 - 12:13 UTC
Incident status: Investigating
Details: The Trading Engine is currently down. We're working to bring it back online as soon as possible. Further updates to follow shortly.
BitMEX.com - Trading Engine - Operational
Bitmex
Trading engine downtime
BitMEX's Status Page - Trading engine downtime.
I know we haven't dished out the altcoin and microcap charts in about a week now but believe me, every penny saved is a penny earned. We don't want to give you trades we ourselves don't invest.
Second, we are slightly busy with a video creation contest and have dedicated most of our time and energy in keeping the Hashed Plutus name high. Bear with us for another day or two and we will be back mashing alts and bitcoin like never before.
Stay safe Familia! ❤️
Second, we are slightly busy with a video creation contest and have dedicated most of our time and energy in keeping the Hashed Plutus name high. Bear with us for another day or two and we will be back mashing alts and bitcoin like never before.
Stay safe Familia! ❤️
https://www.tradingview.com/x/eSonXlPc/
Crypto Total Market Cap : Testing the most crucial level
Hello all, today I won't do a technical chart work on bitcoin because the bitcoin's movement is still in play with yesterday's analysis.
Currently the crypto market cap is testing the white region which becomes a strong area of resistance. Not just it's testing the area of .786 of fibonacci retracement which is the last crucial number of all the fibonacci level but, it's having an alignment with the white resistance trend line that has held since June 2019 where the last year's bullish market take place.
From the RSI perspective, there is a movement to breaches the 60 level which could be the action of shifting from neutral to bullish. This is however an action of the bulls to gain strength to breaks the strong resistance above. Similar with the RSI, the MACD is showing us a good deal too. The histogram is trying to claims back the positive side to give us a confirmation that the bulls is in control now.
Currently, the total market cap is at around $264 Billion and this area is a strong resistance. A break above this region can lead the total market cap to $350 Billion which is the interim swing high. With this possibility of break out of the resistance, there is a possibility for the crypto market to have another bullish market too. Both on bitcoin and altcoins will get benefit from this potential money inflow from the increasing volume and total market cap.
Crypto Total Market Cap : Testing the most crucial level
Hello all, today I won't do a technical chart work on bitcoin because the bitcoin's movement is still in play with yesterday's analysis.
Currently the crypto market cap is testing the white region which becomes a strong area of resistance. Not just it's testing the area of .786 of fibonacci retracement which is the last crucial number of all the fibonacci level but, it's having an alignment with the white resistance trend line that has held since June 2019 where the last year's bullish market take place.
From the RSI perspective, there is a movement to breaches the 60 level which could be the action of shifting from neutral to bullish. This is however an action of the bulls to gain strength to breaks the strong resistance above. Similar with the RSI, the MACD is showing us a good deal too. The histogram is trying to claims back the positive side to give us a confirmation that the bulls is in control now.
Currently, the total market cap is at around $264 Billion and this area is a strong resistance. A break above this region can lead the total market cap to $350 Billion which is the interim swing high. With this possibility of break out of the resistance, there is a possibility for the crypto market to have another bullish market too. Both on bitcoin and altcoins will get benefit from this potential money inflow from the increasing volume and total market cap.