https://www.tradingview.com/x/QjZ8nIct/
Ethereum trade set up
Ethereum here is having a potential of the long set up in the near future. The fact that currently it has the strong positive correlation with bitcoin, making the movement of the price similar with bitcoin. The price is trending right above the support trend line and the strong horizontal support. It looks like there will be a movement in the near future as the price is coming closer to the APEX that has been formed since the support trend line and the white resistance trend line had its cross point.
With the above condition, here I see a possible trade set up especially for long position. One of my favorite strategy is the break out strategy which has the probability of winning since a long time ago. That's why if the price can breaks out of the white resistance trend line, I'll open a long position and targeting at the 2 horizontal resistance above which produce a very good and worth RR at 5.66x.
The only thing to wait right now is a little break out and a close above the white resistance trend line to confirm this set up.
Ethereum trade set up
Ethereum here is having a potential of the long set up in the near future. The fact that currently it has the strong positive correlation with bitcoin, making the movement of the price similar with bitcoin. The price is trending right above the support trend line and the strong horizontal support. It looks like there will be a movement in the near future as the price is coming closer to the APEX that has been formed since the support trend line and the white resistance trend line had its cross point.
With the above condition, here I see a possible trade set up especially for long position. One of my favorite strategy is the break out strategy which has the probability of winning since a long time ago. That's why if the price can breaks out of the white resistance trend line, I'll open a long position and targeting at the 2 horizontal resistance above which produce a very good and worth RR at 5.66x.
The only thing to wait right now is a little break out and a close above the white resistance trend line to confirm this set up.
https://www.tradingview.com/x/O1SzBCa6/
#BTC_Update ‼️
Bitcoin is Printing Lower High(s) Structure
(That's Bearish)
Along, Has Been Holding a Support Level at $9230 - $9220
Which Has Already Been Tested Thrice.
On 4th Test it Would Most Probably it Gonna Breakdown 📉
For Bullish Reversal,
Bitcoin Needs To Break Previous LH With a Solid Candle.
Upon Breaking Current Support BTC Will Test $9100 - $9050 Support Level.
Eyes On ;
Resistance : $9400 - $9420
Current Support : $9230 - $9220
#BTC_Update ‼️
Bitcoin is Printing Lower High(s) Structure
(That's Bearish)
Along, Has Been Holding a Support Level at $9230 - $9220
Which Has Already Been Tested Thrice.
On 4th Test it Would Most Probably it Gonna Breakdown 📉
For Bullish Reversal,
Bitcoin Needs To Break Previous LH With a Solid Candle.
Upon Breaking Current Support BTC Will Test $9100 - $9050 Support Level.
Eyes On ;
Resistance : $9400 - $9420
Current Support : $9230 - $9220
#BTC Dominance Update: Dominance broke below the bearish pennant looks like it want to retest the last red resistance.
Stay tuned while we are watching for some other altcoin signals.
Stay tuned while we are watching for some other altcoin signals.
https://www.tradingview.com/x/waRGf23w/
Litecoin : 130% return trade set up before the year end
Happy Sunday all, here in this post I will share another altcoins that is having a potential to explode by the end of this year. We're not talking about 10, 20 or 30% potential gain. This is a different level with potential of 130% potential return minimum! So, without any further ado let's do technical analysis!
Since June 2019, the price of Litecoin has decreased for more than 82% from its high on 2019 which is around $146.95 . With this drop, the price is now coming closer to the historical major support that has became the 3 years horizontal support. We've seen the first bounce in this year on March 2020 with a long shadow toward this support as a sign of rejection. That's why, now we must looks at the above levels that may become the potential source of resistances.
The only key resistance that I found is the yellow resistance trend line which is the most crucial trend line in middle term. As you know, currently the price is trending at huge descending triangle in the higher degree, and breaking out above this yellow resistance trend line can lead the price to test the white resistance trend line which is the upper line of this major descending triangle and what makes it more interesting is that the golden pocket zone is moving align with this resistance trend line. Even if we only target the white resistance trend line as the upper line of the descending triangle, there is still a lot of room to grow from the breaking out point of yellow resistance trend line.
So, my strategy is to buy the Litecoin when the price can breaks out of the yellow resistance trend line (or the $53 range) and targeting the blue region which is around $100 - $104 region. And you can put SL at slightly below the breaking point.
Litecoin : 130% return trade set up before the year end
Happy Sunday all, here in this post I will share another altcoins that is having a potential to explode by the end of this year. We're not talking about 10, 20 or 30% potential gain. This is a different level with potential of 130% potential return minimum! So, without any further ado let's do technical analysis!
Since June 2019, the price of Litecoin has decreased for more than 82% from its high on 2019 which is around $146.95 . With this drop, the price is now coming closer to the historical major support that has became the 3 years horizontal support. We've seen the first bounce in this year on March 2020 with a long shadow toward this support as a sign of rejection. That's why, now we must looks at the above levels that may become the potential source of resistances.
The only key resistance that I found is the yellow resistance trend line which is the most crucial trend line in middle term. As you know, currently the price is trending at huge descending triangle in the higher degree, and breaking out above this yellow resistance trend line can lead the price to test the white resistance trend line which is the upper line of this major descending triangle and what makes it more interesting is that the golden pocket zone is moving align with this resistance trend line. Even if we only target the white resistance trend line as the upper line of the descending triangle, there is still a lot of room to grow from the breaking out point of yellow resistance trend line.
So, my strategy is to buy the Litecoin when the price can breaks out of the yellow resistance trend line (or the $53 range) and targeting the blue region which is around $100 - $104 region. And you can put SL at slightly below the breaking point.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
https://www.tradingview.com/x/aUTRbbLU/
BTC/USDT
Got Rejected Exactly at FVG
Eyes On $9330 🧐
Got Rejected Exactly at FVG
Eyes On $9330 🧐
#BTC/USDT (1D) ‼️
Eyes On Bitcoin's Daily Chart
it's Facing Strong DownTrend Resistance at $9400
Daily Candle Closing Above $9400 Would Be a Breakout 📈
While, Support Remains as $9200 Zone.
Eyes On Bitcoin's Daily Chart
it's Facing Strong DownTrend Resistance at $9400
Daily Candle Closing Above $9400 Would Be a Breakout 📈
While, Support Remains as $9200 Zone.
https://www.tradingview.com/x/7Q7XSnQj/
Weekly candle perspective after the closure
Happy Monday all, here we back again with the technical analysis of bitcoin based on the latest weekly candle that has closed as well. Let's enjoy this!
Monday always becomes the most crucial and important day so far because of the weekly candle closure. The weekly candle is very important to identify the next possible movement in the next days as well whether it's going to be bullish or bearish. Looking at the chart below, current weekly candle is once again looking indecision because of current close that forms a type of long legged doji which represents a war between bulls and bears are in the same level of power that's why the open and close price is almost the same. Beside, the price is still trending right below the white resistance trend line which is becoming a strong resistance. Trending slightly below this line for a long time will cause a negative outcome as the bulls slowly losing strength and there will be a decrease in trust level from the retail bulls. In other words, there will be a push downward if the price can't claim the breaks out of the white resistance trend line in near future.
If at the previous paragraph we discuss about the potential bad moves, this paragraph will explain about the potential good moves. Yes, the good moves is that the price is still trending right above the yellow trend line which is the broken resistance as well which is now becoming support. Current long legged doji candle could be the action of the phase 2 breaks out strategy which is retesting the previous broken resistance as support. If this scenario plays out, we must wait for a bullish candle with bunches of volume to support this moves. In this scenario, we'll expect an upward moves to breaks out of the white resistance trend line.
From now on, in the indecision phase like this, we must wait for the price to give further confirmation whether it's going to breaks out to the upside or to the downside. But, as long as the price doesn't reclaim below the yellow trend line, I'll keep my bullish bias.
Weekly candle perspective after the closure
Happy Monday all, here we back again with the technical analysis of bitcoin based on the latest weekly candle that has closed as well. Let's enjoy this!
Monday always becomes the most crucial and important day so far because of the weekly candle closure. The weekly candle is very important to identify the next possible movement in the next days as well whether it's going to be bullish or bearish. Looking at the chart below, current weekly candle is once again looking indecision because of current close that forms a type of long legged doji which represents a war between bulls and bears are in the same level of power that's why the open and close price is almost the same. Beside, the price is still trending right below the white resistance trend line which is becoming a strong resistance. Trending slightly below this line for a long time will cause a negative outcome as the bulls slowly losing strength and there will be a decrease in trust level from the retail bulls. In other words, there will be a push downward if the price can't claim the breaks out of the white resistance trend line in near future.
If at the previous paragraph we discuss about the potential bad moves, this paragraph will explain about the potential good moves. Yes, the good moves is that the price is still trending right above the yellow trend line which is the broken resistance as well which is now becoming support. Current long legged doji candle could be the action of the phase 2 breaks out strategy which is retesting the previous broken resistance as support. If this scenario plays out, we must wait for a bullish candle with bunches of volume to support this moves. In this scenario, we'll expect an upward moves to breaks out of the white resistance trend line.
From now on, in the indecision phase like this, we must wait for the price to give further confirmation whether it's going to breaks out to the upside or to the downside. But, as long as the price doesn't reclaim below the yellow trend line, I'll keep my bullish bias.
https://www.tradingview.com/x/mNbnOky5/
Bitcoin : Approaching the last resistance
If you remember my previous analysis about bitcoin, you'll realize that the price is now testing the strongest resistance trend line after yesterday's close on weekly candle. Yes, the price is now trending slightly at the resistance trend line that has held the price since its ATH. Breaking out above this resistance trend line, the price will face the last resistance to confirm its bullish moves which is the area of $10000 as the psychological area for trader.
With this current moves, my previous bias has been filled and there is still a potential of the price to climb higher to $11600 which region I've anticipated previously. Another good indication is on the 2 oscillator indicators which is the MACD and RSI. For the RSI perspective, although the line is still trending inside the neutral zone, the line is forming a curving up on daily level. This is good because we haven't seen this bullish curving up since the last 10 days. Meanwhile, the MACD is looking bullish too with the histogram is ticking up with a significant added momentum. I feel like there will be a reclaim to the positive side in the next 2 or 3 days.
The next 3 days is a very important day in the market to identify the future movement of the price. My bullish bias is still in play for now. Breaks above the white resistance trend line will leads the price to higher level of price action. On the other hand, getting rejected from current level will leads the price to print further loss in the market with a confirmation of future bearish structure.
For those members who has opened the trade just like the set up I've shared, you are now in a floating 5% profit. At this rate, moving your SL into BEP (for the more aggressive approach) or in the profit (for the conservative approach) is very recommended.
Bitcoin : Approaching the last resistance
If you remember my previous analysis about bitcoin, you'll realize that the price is now testing the strongest resistance trend line after yesterday's close on weekly candle. Yes, the price is now trending slightly at the resistance trend line that has held the price since its ATH. Breaking out above this resistance trend line, the price will face the last resistance to confirm its bullish moves which is the area of $10000 as the psychological area for trader.
With this current moves, my previous bias has been filled and there is still a potential of the price to climb higher to $11600 which region I've anticipated previously. Another good indication is on the 2 oscillator indicators which is the MACD and RSI. For the RSI perspective, although the line is still trending inside the neutral zone, the line is forming a curving up on daily level. This is good because we haven't seen this bullish curving up since the last 10 days. Meanwhile, the MACD is looking bullish too with the histogram is ticking up with a significant added momentum. I feel like there will be a reclaim to the positive side in the next 2 or 3 days.
The next 3 days is a very important day in the market to identify the future movement of the price. My bullish bias is still in play for now. Breaks above the white resistance trend line will leads the price to higher level of price action. On the other hand, getting rejected from current level will leads the price to print further loss in the market with a confirmation of future bearish structure.
For those members who has opened the trade just like the set up I've shared, you are now in a floating 5% profit. At this rate, moving your SL into BEP (for the more aggressive approach) or in the profit (for the conservative approach) is very recommended.
#BTC/USDT (1D) {Update} ‼️
That's almost $400 Pump From $9400 Level
FVG : $9700 - $9750
Visible Resistance Zone : $9960-$10100
Top : $10500
Every Support Levels From Here :
$9612 - $9472 - $9333 - $9195 - $9055 - $8916
Now,
Bitcoin has to break above $9750 with solid candle.
That's almost $400 Pump From $9400 Level
FVG : $9700 - $9750
Visible Resistance Zone : $9960-$10100
Top : $10500
Every Support Levels From Here :
$9612 - $9472 - $9333 - $9195 - $9055 - $8916
Now,
Bitcoin has to break above $9750 with solid candle.
https://www.tradingview.com/x/SlLtGCbk/
Why Should I buy Cardano? potential 220%+ profit
Most of altcoins are already trending near the very bottom. But, almost all of them are still trending on their accumulation zone which is the first phase of the market cycle before the mark up phase in the future. But,it's totally different from what Cardano has done in their price action lately.
The accumulation phase for Cardano looks like very close to its ending which the price has broken out of the descending triangle that has formed since a year ago. This descending triangle is the sign of its accumulation zone after a huge drop of price occurred right after it touched its ATH. During accumulation zone, there are a lot of uncertainty and doubt in the market. But, It's totally different once you've seen the break out of the upper line of the triangle as the strong resistance which is becoming the characteristic of beginning phase of mark up phase.
The other thing that may giving us the indication of price continuation is the bullish pennant that has occurred since the price broke out of the upper line of the triangle. Yes, currently this bullish pennant is in play as well with a trust measurement perfectly hit the .236 fibonacci retracement as the minor resistance level.
During the mark up phase, there will be a lot of people buying this coins because of the trust that they've gained for so long. The people will actually don't care to much about take profit at current rate and the are likely to always do 'buying the dip' without any further doubt of the market. In align with this action, the price will have a parabolic moves to the upside.
My target remains at the .382 fibonacci retracement as the first target and the 2nd target will be at around the golden pocket as the strong resistance with 220%+ potential profit!
Why Should I buy Cardano? potential 220%+ profit
Most of altcoins are already trending near the very bottom. But, almost all of them are still trending on their accumulation zone which is the first phase of the market cycle before the mark up phase in the future. But,it's totally different from what Cardano has done in their price action lately.
The accumulation phase for Cardano looks like very close to its ending which the price has broken out of the descending triangle that has formed since a year ago. This descending triangle is the sign of its accumulation zone after a huge drop of price occurred right after it touched its ATH. During accumulation zone, there are a lot of uncertainty and doubt in the market. But, It's totally different once you've seen the break out of the upper line of the triangle as the strong resistance which is becoming the characteristic of beginning phase of mark up phase.
The other thing that may giving us the indication of price continuation is the bullish pennant that has occurred since the price broke out of the upper line of the triangle. Yes, currently this bullish pennant is in play as well with a trust measurement perfectly hit the .236 fibonacci retracement as the minor resistance level.
During the mark up phase, there will be a lot of people buying this coins because of the trust that they've gained for so long. The people will actually don't care to much about take profit at current rate and the are likely to always do 'buying the dip' without any further doubt of the market. In align with this action, the price will have a parabolic moves to the upside.
My target remains at the .382 fibonacci retracement as the first target and the 2nd target will be at around the golden pocket as the strong resistance with 220%+ potential profit!
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Photo
Eyes On Flipper,
$9550 Zone
it's Breakingdown...
21 Minutes For 1Hr Closing
Slow Dump = Caution ⚠️
$9550 Zone
it's Breakingdown...
21 Minutes For 1Hr Closing
Slow Dump = Caution ⚠️
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Photo
Bam bam! Now you know why we mashing boys