https://charts.cointrader.pro/snapshot/qSEsS
$12000 is still in the hand
Good morning everybody, here is another insight from high time frame that eliminates all the volatility and reduce the fake out moves in the smaller time frame.
From this 3 days perspective, we can see that the price has already broken out of the resistance trend line and the gray zone which acts as the previous broken support that is now become resistance as well. It's clearly at this high time frame, the price is having its phase 2 of break out strategy which retesting the previous broken resistance as support. I do believe there will be a test toward the interim swing high which is at the blue region.
The potential price action at the blue region
You can see that if the price is able to test the blue region in the near future which is the action of testing this upcoming resistance, there will be a higher possibility of the price to breaks this region as well. There are several reasons for this possibility.
1. Since the price tests again this blue region, there will be the 3rd times the price tests it. Usually, when the 3rd time is always comes with a good result.
2. Based on the RSI, it's still trending above the 60 level which is clearly a bullish zone and there is still a lot of room to grow from this RSI perspective.
3. Base on the MACD, we haven't seen any action of weakness in momentum. When we see it at the histogram, there's still a higher high in momentum which give the indication of the price to gain more in the future.
So, it's still a good time to collect some of your bitcoin here. At current rate, it's still can categorized as the strong support zone for bitcoin. It's still logical to see the "real" spike in the market.
$12000 is still in the hand
Good morning everybody, here is another insight from high time frame that eliminates all the volatility and reduce the fake out moves in the smaller time frame.
From this 3 days perspective, we can see that the price has already broken out of the resistance trend line and the gray zone which acts as the previous broken support that is now become resistance as well. It's clearly at this high time frame, the price is having its phase 2 of break out strategy which retesting the previous broken resistance as support. I do believe there will be a test toward the interim swing high which is at the blue region.
The potential price action at the blue region
You can see that if the price is able to test the blue region in the near future which is the action of testing this upcoming resistance, there will be a higher possibility of the price to breaks this region as well. There are several reasons for this possibility.
1. Since the price tests again this blue region, there will be the 3rd times the price tests it. Usually, when the 3rd time is always comes with a good result.
2. Based on the RSI, it's still trending above the 60 level which is clearly a bullish zone and there is still a lot of room to grow from this RSI perspective.
3. Base on the MACD, we haven't seen any action of weakness in momentum. When we see it at the histogram, there's still a higher high in momentum which give the indication of the price to gain more in the future.
So, it's still a good time to collect some of your bitcoin here. At current rate, it's still can categorized as the strong support zone for bitcoin. It's still logical to see the "real" spike in the market.
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Few members always worried about alts position, Hedge with $BTC SHORT position to reduce its impact as simple as that.
Remember: If your view on the market is wrong, then Hedging won't give you profit. Its just to reduce loss in case of black swan event.
What is a Black Swan?
A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, their severe impact, and the widespread insistence they were obvious in hindsight.
Remember: If your view on the market is wrong, then Hedging won't give you profit. Its just to reduce loss in case of black swan event.
What is a Black Swan?
A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, their severe impact, and the widespread insistence they were obvious in hindsight.
https://www.tradingview.com/x/y5ppU0ak/
Bitcoin : Fibonacci and the perspective in 1 hour time frame.
Hello all, Happy Saturday! Today I want to cover about today's potential volatility that could occur in the market. Now, let's do the technical analysis.
Whenever it comes to the weekend, usually the price will have an extra volatility due to the closes on the CME daily candle in the next 2 days and a potential addition volume from the retail traders. With this potential of much volatility, there will be a lot of faking out moves in the market as well. Wick fishing, squeeze are those thing that usually occur between Saturday and Sunday.
Now let's look at the RSI as one of my favorite volume indicator which in the lower time frame is now breaching the lower limit of the neutral zone and entering the bearish zone as well. I'm pretty sure that the bears will try to push the price lower to make the RSI trends at the oversold region. Similar action at the MACD histogram too, both the histogram and the trend lines are trending slight below the 0 level.
Based on the price action, the above statement is in align with the potential correction to the golden pocket zone which has the confluence with the previous broken resistance trend line of the contracting triangle (around $9400). In this case, I will assume a bounce after the price touches this region because this support region is the strong level for intraday level. I will expect the price bounces and head back to the interim swing high which is having an alignment with the -.618 fibonacci retracement as the ideal short term target as well.
Huge volatility incoming, just be cautious!
Bitcoin : Fibonacci and the perspective in 1 hour time frame.
Hello all, Happy Saturday! Today I want to cover about today's potential volatility that could occur in the market. Now, let's do the technical analysis.
Whenever it comes to the weekend, usually the price will have an extra volatility due to the closes on the CME daily candle in the next 2 days and a potential addition volume from the retail traders. With this potential of much volatility, there will be a lot of faking out moves in the market as well. Wick fishing, squeeze are those thing that usually occur between Saturday and Sunday.
Now let's look at the RSI as one of my favorite volume indicator which in the lower time frame is now breaching the lower limit of the neutral zone and entering the bearish zone as well. I'm pretty sure that the bears will try to push the price lower to make the RSI trends at the oversold region. Similar action at the MACD histogram too, both the histogram and the trend lines are trending slight below the 0 level.
Based on the price action, the above statement is in align with the potential correction to the golden pocket zone which has the confluence with the previous broken resistance trend line of the contracting triangle (around $9400). In this case, I will assume a bounce after the price touches this region because this support region is the strong level for intraday level. I will expect the price bounces and head back to the interim swing high which is having an alignment with the -.618 fibonacci retracement as the ideal short term target as well.
Huge volatility incoming, just be cautious!
Around $10 billion worth of assets are currently locked in staking. With ETH and ADA staking that’s coming in the second half of 2020, we expect even more crypto assets to be locked in staking.
If you’re questioning if staking is good or not, here’s my opinion. If you’re in full control of the wallet where the staking is done (you have private keys of that wallet), then there’s nothing bad to get interest on holding a certain asset.
If you’re questioning if staking is good or not, here’s my opinion. If you’re in full control of the wallet where the staking is done (you have private keys of that wallet), then there’s nothing bad to get interest on holding a certain asset.
#BTC/USDT (Update) ‼️
Bitcoin Still Looks Like a Vague
Not in Trading Zone ATM
Untile it Breaks Above $9750 Level.
Bitcoin Still Looks Like a Vague
Not in Trading Zone ATM
Untile it Breaks Above $9750 Level.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#BTC/USDT (Update) ‼️ Bitcoin Still Looks Like a Vague Not in Trading Zone ATM Untile it Breaks Above $9750 Level.
$320 Drop 📉
( $9850 To $9530 )
From The Above Mentioned Resistance Zone
But Didn't Tested Support Yet
Bitcoin is Again Becoming So Dull....
No Much Movements,
Smog Everywhere.
( $9850 To $9530 )
From The Above Mentioned Resistance Zone
But Didn't Tested Support Yet
Bitcoin is Again Becoming So Dull....
No Much Movements,
Smog Everywhere.
#BLZ/BTC (Binance) ‼️
Has Not Seen Any Pump in Recent Days
Accumulation is Going On
Breakout Awaits,
Once Brokenout Should Pump 📈
Buy Zone : 240-250
Sell Targets : 265 | 280 | 290 | 310 | 325 | 340
StopLoss : 234
Has Not Seen Any Pump in Recent Days
Accumulation is Going On
Breakout Awaits,
Once Brokenout Should Pump 📈
Buy Zone : 240-250
Sell Targets : 265 | 280 | 290 | 310 | 325 | 340
StopLoss : 234
#ENJ/BTC (Binance) ‼️
Brokeout Falling Wedge
Flipped R/S
Needs To Get Stable & it Could Go For a Pump
Live Price : 2050 Satoshi
You Can Buy Some Here (10-20%)
Rest Place a Buy Bid
Buying Zone : 1960-2000
Sell Targets : 2150 | 2250 | 2355 | 2460 | 2560 | 2680
StopLoss : -7% From Your Entry
Brokeout Falling Wedge
Flipped R/S
Needs To Get Stable & it Could Go For a Pump
Live Price : 2050 Satoshi
You Can Buy Some Here (10-20%)
Rest Place a Buy Bid
Buying Zone : 1960-2000
Sell Targets : 2150 | 2250 | 2355 | 2460 | 2560 | 2680
StopLoss : -7% From Your Entry
#Bitcoin
BTC is Running in "No Trade Zone" Right Now.
Liquidating Both Sides i.e, SHORT(s) & LONG(s)
ATM it's Consolidating Hard Between $9600 - $9700 Range
🟢 if Bitcoin Breaks Above $9750,
Possibly it Gonna Test $10K Resistance Level
While,
🔴 Breaking Down Below $9500,
Would Invite $9250 Support Level
As Bitcoin Never Holds The Previous Support Again.
BTC is Running in "No Trade Zone" Right Now.
Liquidating Both Sides i.e, SHORT(s) & LONG(s)
ATM it's Consolidating Hard Between $9600 - $9700 Range
🟢 if Bitcoin Breaks Above $9750,
Possibly it Gonna Test $10K Resistance Level
While,
🔴 Breaking Down Below $9500,
Would Invite $9250 Support Level
As Bitcoin Never Holds The Previous Support Again.
https://www.tradingview.com/x/kxbB2Mjr/
#BTC/USDT (Chart Update) ‼️
Bitcoin Went Too Slow,
But Followed Our BTC Analysis
That's -$500 Drop 🔻
#BTC/USDT (Chart Update) ‼️
Bitcoin Went Too Slow,
But Followed Our BTC Analysis
That's -$500 Drop 🔻
https://www.tradingview.com/x/fCXVCaFo/
4 Hours perspective : Bounce has occurred at the strong support
Hello all, Happy Monday and happy new week. Let's hoping for the best on the 7 days ahead. Now, I'm going to do a chart work about bitcoin. Let's enjoy it!
Bitcoin was in a very sideways market with a very low volatility back at Saturday and Sunday. The price was moving between $9500 - $9700 range, a boring situation during the weekend whatsoever. But 8 hours ago, the price had its bounce since it touched my previous anticipated region as well. Showing my bias is still in play and the price action is saying so. White region that I've anticipated previously was the area of strong support because it has the alignment with the golden pocket and the upper line of the triangle which previously acted as broken resistance. The other factor that drive the price of this bounce is the white support trend line in the smaller degree which has defended the price from further drop as well.
Looking at the RSI, it has shown us a very nice price action with a bounce right after it touched the 40 level which is the boundary between the neutral zone to bearish zone. This is however looking very good and the bulls have shown us that they are still exist, they want to drive the price to higher region and eliminate the bears.
MACD is looking pretty much in sideways condition. But, if we look at the histogram, there are a pattern of higher low that is forming now. It's clear that the bulls are gaining strength during this sideways market. I'm still sticking on my original bias with a push toward the $10500 region one more time or even higher.
4 Hours perspective : Bounce has occurred at the strong support
Hello all, Happy Monday and happy new week. Let's hoping for the best on the 7 days ahead. Now, I'm going to do a chart work about bitcoin. Let's enjoy it!
Bitcoin was in a very sideways market with a very low volatility back at Saturday and Sunday. The price was moving between $9500 - $9700 range, a boring situation during the weekend whatsoever. But 8 hours ago, the price had its bounce since it touched my previous anticipated region as well. Showing my bias is still in play and the price action is saying so. White region that I've anticipated previously was the area of strong support because it has the alignment with the golden pocket and the upper line of the triangle which previously acted as broken resistance. The other factor that drive the price of this bounce is the white support trend line in the smaller degree which has defended the price from further drop as well.
Looking at the RSI, it has shown us a very nice price action with a bounce right after it touched the 40 level which is the boundary between the neutral zone to bearish zone. This is however looking very good and the bulls have shown us that they are still exist, they want to drive the price to higher region and eliminate the bears.
MACD is looking pretty much in sideways condition. But, if we look at the histogram, there are a pattern of higher low that is forming now. It's clear that the bulls are gaining strength during this sideways market. I'm still sticking on my original bias with a push toward the $10500 region one more time or even higher.
#BTC/USDT
Inverse Chart
S/R Flip Zone Have Been Tested Multiple Times Within Past Few Days.
Making it a Very Crucial Level...
This Time I'm Expecting a Big Move
Enough Of This Boring Market 😅
Inverse Chart
S/R Flip Zone Have Been Tested Multiple Times Within Past Few Days.
Making it a Very Crucial Level...
This Time I'm Expecting a Big Move
Enough Of This Boring Market 😅
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#BLZ/BTC (Binance) ‼️ Has Not Seen Any Pump in Recent Days Accumulation is Going On Breakout Awaits, Once Brokenout Should Pump 📈 Buy Zone : 240-250 Sell Targets : 265 | 280 | 290 | 310 | 325 | 340 StopLoss : 234
BLZ Update
Daddy told ya
Daddy told ya
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
#ENJ/BTC (Binance) ‼️ Brokeout Falling Wedge Flipped R/S Needs To Get Stable & it Could Go For a Pump Live Price : 2050 Satoshi You Can Buy Some Here (10-20%) Rest Place a Buy Bid Buying Zone : 1960-2000 Sell Targets : 2150 | 2250 | 2355 | 2460 | 2560…
ENJ/BTC
is Bouncing Exactly From it's Support 📈
is Bouncing Exactly From it's Support 📈