Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
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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)
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Bam bam! Now you know why we mashing boys
Time matters. And what better way to time the market than the PXI? Head to hashedplutus.com now!
#GNT/BTC (Binance) ‼️
Brokeout Falling Wedge
Now Re-Testing Support
Usually GNT Pumps Twice,
So Expecting Another Pump Soon.
Buy Zone : 595 - 580
Targets : 625 - 655 - 685 - 715 - 745 - 775
StopLoss : -5% From Your Entry
Brokeout Falling Wedge
Now Re-Testing Support
Usually GNT Pumps Twice,
So Expecting Another Pump Soon.
Buy Zone : 595 - 580
Targets : 625 - 655 - 685 - 715 - 745 - 775
StopLoss : -5% From Your Entry
#Bitcoin_Update
As Mentioned in Our Previous Update,
Bitcoin is Going To Hit The Demand Zone.
BTC Below $9K is Bearish.
As Mentioned in Our Previous Update,
Bitcoin is Going To Hit The Demand Zone.
BTC Below $9K is Bearish.
https://www.tradingview.com/x/Th4f17iG/
Bitcoin : The confluence reason
Happy Friday all! Let's do the technical analysis about bitcoin. Through this analysis, I want to show you the details of how I identify the bias and apply it on the current price movement. I will try to present the confluence reasons to identify current bias from this daily perspective.
First thing is always the most crucial and significant thing that may affect the chart as well. That's why I come for the most crucial of white resistance trend line since the ATH on December 2017. We can't deny that this resistance trend line is the strongest resistance ahead that bitcoin must breaks. In align with this resistance trend line, the price is facing the resistance of psychological resistance around $10000 region. This is however the 5 digits of number and will always be a serious resistance as well. So, in more simplified word, fail to breaks current resistance will bring the price to lower level. But, breaks out of this region will leads the price to higher region or even the ATH again.
Second thing is the Elliot wave count that potentially can be the point of determination whether the price will breaks out or comes back down. My initial wave count is that this potentially could be the 1-2-3-4-5 EW with impulsive to the upside. But, I can't deny that there is still a chance of current structure that will forms an ABC structure as well. So, we must wait a little bit longer for this structure to give confirmation.
Third thing is the ascending type of triangle that could be the sign of the price reaching out the 4th wave as a flat wave and potentially this will become an accumulation zone. However, this is a good accumulation because the price has formed a higher low and a flat resistance pattern. Beside, the support trend line which is the lower line of the ascending triangle is having an alignment with the EMA 55 as a strong dynamic support. Could this be a continuation pattern to the upside?
Last thing is the hidden bullish divergence you see as the continuation pattern. On the price action, you can see a higher low structure, on the other hand the RSI printed a lower low. A good sign for the price to continue the movement to the upside.
So, considering all of the factors above I will assume that bulls are having more momentum than the bears in the daily cycle of time frame. But, This bullish bias may be invalidated if the price can breaks below the green region or around $8000 region.
Bitcoin : The confluence reason
Happy Friday all! Let's do the technical analysis about bitcoin. Through this analysis, I want to show you the details of how I identify the bias and apply it on the current price movement. I will try to present the confluence reasons to identify current bias from this daily perspective.
First thing is always the most crucial and significant thing that may affect the chart as well. That's why I come for the most crucial of white resistance trend line since the ATH on December 2017. We can't deny that this resistance trend line is the strongest resistance ahead that bitcoin must breaks. In align with this resistance trend line, the price is facing the resistance of psychological resistance around $10000 region. This is however the 5 digits of number and will always be a serious resistance as well. So, in more simplified word, fail to breaks current resistance will bring the price to lower level. But, breaks out of this region will leads the price to higher region or even the ATH again.
Second thing is the Elliot wave count that potentially can be the point of determination whether the price will breaks out or comes back down. My initial wave count is that this potentially could be the 1-2-3-4-5 EW with impulsive to the upside. But, I can't deny that there is still a chance of current structure that will forms an ABC structure as well. So, we must wait a little bit longer for this structure to give confirmation.
Third thing is the ascending type of triangle that could be the sign of the price reaching out the 4th wave as a flat wave and potentially this will become an accumulation zone. However, this is a good accumulation because the price has formed a higher low and a flat resistance pattern. Beside, the support trend line which is the lower line of the ascending triangle is having an alignment with the EMA 55 as a strong dynamic support. Could this be a continuation pattern to the upside?
Last thing is the hidden bullish divergence you see as the continuation pattern. On the price action, you can see a higher low structure, on the other hand the RSI printed a lower low. A good sign for the price to continue the movement to the upside.
So, considering all of the factors above I will assume that bulls are having more momentum than the bears in the daily cycle of time frame. But, This bullish bias may be invalidated if the price can breaks below the green region or around $8000 region.
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https://twitter.com/HashedPlutus/status/1276424149150334976
A comment or like on the tweet will be greatly appreciated.
https://twitter.com/HashedPlutus/status/1276424149150334976
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Bitcoin : Short term bias
If we look at the daily time frame and current price action, we can't deny that the bears are currently is taking control on the market, at least it's what it looks on short term. The price is barely to stay above the 55 EMA as the dynamic support line which becomes the most important and crucial moving average. This EMA 55 is moving in alignment with the lower line of the ascending triangle. Although the latest daily candle closed at slightly above this 55 EMA, in today's opening session, there is a huge bearish pressure that makes the price to drive lower than the EMA 55. This is a crucial price action, however we should wait for further confirmation.
The next fact is on the RSI where it's now trying to test the level of 40 which is the last level as the support for the neutral zone (40 - 60). If we see the RSI breaks below the 40 zone, I will be very cautious of the potential breaks below the 40 level because it will drive the bears to have more momentum to give pressure to the price. Breaks below the 40 level is entering the neutral to bearish zone.
And because of those facts above, there are 2 potential scenarios for short term :
1. First scenario is when the price can claims back above the 55 EMA at the closes of today's candle will leads the price to the upper resistance of the triangle around $10000 region.
2. This 2nd scenario is the bearish one when the price drops below the 55 EMA at the closes of today's candle will leads the price to the lower level of support around $8200 - $8000 region.
Bitcoin : Short term bias
If we look at the daily time frame and current price action, we can't deny that the bears are currently is taking control on the market, at least it's what it looks on short term. The price is barely to stay above the 55 EMA as the dynamic support line which becomes the most important and crucial moving average. This EMA 55 is moving in alignment with the lower line of the ascending triangle. Although the latest daily candle closed at slightly above this 55 EMA, in today's opening session, there is a huge bearish pressure that makes the price to drive lower than the EMA 55. This is a crucial price action, however we should wait for further confirmation.
The next fact is on the RSI where it's now trying to test the level of 40 which is the last level as the support for the neutral zone (40 - 60). If we see the RSI breaks below the 40 zone, I will be very cautious of the potential breaks below the 40 level because it will drive the bears to have more momentum to give pressure to the price. Breaks below the 40 level is entering the neutral to bearish zone.
And because of those facts above, there are 2 potential scenarios for short term :
1. First scenario is when the price can claims back above the 55 EMA at the closes of today's candle will leads the price to the upper resistance of the triangle around $10000 region.
2. This 2nd scenario is the bearish one when the price drops below the 55 EMA at the closes of today's candle will leads the price to the lower level of support around $8200 - $8000 region.
Bam! Another spot on analysis. Time to let everyone know who nailed the bearish and bullish scenario consistently. Do your bid a favour and share this channel ♥️
#BTC/USD (Update) ‼️
Bitcoin Managed To Hold The Insider Channel
Bitcoin Managed To Hold The Insider Channel
https://www.tradingview.com/x/lma6V9SJ/
Bias based on the weekly candle's close
Hello all, here I do the technical analysis for bitcoin in higher degree based on current condition right after the weekly candle has closed. Let's do the chart work!
It's hard to argue that at current phase the bears are extremely in control. There are a lot of confluence reason of the price to go lower than current region especially if we look at smaller time frame. Now, the weekly candle has closed and once again it brings another ugly candle. If you compare it with the last 3 weeks candle, you'll realized that right after the touches of the white resistance trend line the price action got a lot of bearish pressure and the price keeps going lower and lower. This is however represent the disbelief from the traders. They simply don't believe that the price can breaks out of the white resistance trend line and that's why there is a take profit action from the traders that makes the price goes lower.
Based on the weekly chart and the combination of the price action and the fibonacci levels, there are 2 major support below that a bounce could occur is the area of $8000 which is having an alignment with the .382 fibonacci retracement and the area of $6500 which is having an alignment with the golden ratio.
The RSI and MACD momentum are looking not good at all for now. The RSI is still trending at the neutral zone which located between the 40 - 60 level. The RSI is curving flat as of now giving a sign of no trade activity for long term and the MACD is trending in sideways movement with a small range since February 2020. It will stay unbiased for the perspective from this indicator.
Bias based on the weekly candle's close
Hello all, here I do the technical analysis for bitcoin in higher degree based on current condition right after the weekly candle has closed. Let's do the chart work!
It's hard to argue that at current phase the bears are extremely in control. There are a lot of confluence reason of the price to go lower than current region especially if we look at smaller time frame. Now, the weekly candle has closed and once again it brings another ugly candle. If you compare it with the last 3 weeks candle, you'll realized that right after the touches of the white resistance trend line the price action got a lot of bearish pressure and the price keeps going lower and lower. This is however represent the disbelief from the traders. They simply don't believe that the price can breaks out of the white resistance trend line and that's why there is a take profit action from the traders that makes the price goes lower.
Based on the weekly chart and the combination of the price action and the fibonacci levels, there are 2 major support below that a bounce could occur is the area of $8000 which is having an alignment with the .382 fibonacci retracement and the area of $6500 which is having an alignment with the golden ratio.
The RSI and MACD momentum are looking not good at all for now. The RSI is still trending at the neutral zone which located between the 40 - 60 level. The RSI is curving flat as of now giving a sign of no trade activity for long term and the MACD is trending in sideways movement with a small range since February 2020. It will stay unbiased for the perspective from this indicator.
#BTC/USDT (2Hr)
Bitcoin is Bullish Above Re-Test Support ⤵️
Re-Test Support : $9080 - $9030
Watchout...
Bitcoin is Bullish Above Re-Test Support ⤵️
Re-Test Support : $9080 - $9030
Watchout...