Krypto Leaks
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There you go, no way CZ gonna let this golden goose go away
One of our members shared a pretty interesting trade on
$ETHUSD
Short: 266
Stoploss: 272
Target 1: 254
Target 2: 250
Target 3: 245
https://www.tradingview.com/x/vwosqg6Z/
$ETHUSD
Short: 266
Stoploss: 272
Target 1: 254
Target 2: 250
Target 3: 245
https://www.tradingview.com/x/vwosqg6Z/
Forwarded from Cosima Research
BTCUSD - Intraday - We look to Buy at 9250 (stop at 9150)
Traded to the highest level in 4 weeks. We are trading at overbought extremes. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Bespoke support is located at 9345. Daily/Weekly Ichimoku Cloud support is seen at 9365. The previous swing high is located at 9351.
Our profit targets will be 9690 and 9800
Resistance: 9690 / 9800 / 10000
Support: 9350 / 9243 / 9200
Traded to the highest level in 4 weeks. We are trading at overbought extremes. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Bespoke support is located at 9345. Daily/Weekly Ichimoku Cloud support is seen at 9365. The previous swing high is located at 9351.
Our profit targets will be 9690 and 9800
Resistance: 9690 / 9800 / 10000
Support: 9350 / 9243 / 9200
https://twitter.com/HashedPlutus/status/1286661678881480706
Would greatly appreciate a comment and ♥️
Would greatly appreciate a comment and ♥️
Twitter
Hashed Plutus
Todays world is filled with middlemen. With DeFi, we can sideline those bench-warmers! Head to @OKEx now to trade your favourite governance tokens and dive into the world of decentralized finance! #OKExDeFi @Jayhao8 okex.com/join/1914037
Update in BTC Dominance and its impact on Altcoins
BTC Dominance is at 62.43% and made a kuch awaited pull back today, that is the reason we saw dips in the Altcoins rates.
BTC dominance is at Strong Support Level for now.
On weekly charts dominance is still bearish
So two scenarios can happen from here
1) we see a bit more of pull back in Dominance till 63.5 % and alts will fall more and rise later
2) or Dominance breaks 62% support and we see another round of bigger rallies in Altcoins.
Wait for today's weekly closure for a clearer picture.
Thanks
BTC Dominance is at 62.43% and made a kuch awaited pull back today, that is the reason we saw dips in the Altcoins rates.
BTC dominance is at Strong Support Level for now.
On weekly charts dominance is still bearish
So two scenarios can happen from here
1) we see a bit more of pull back in Dominance till 63.5 % and alts will fall more and rise later
2) or Dominance breaks 62% support and we see another round of bigger rallies in Altcoins.
Wait for today's weekly closure for a clearer picture.
Thanks
Bitcoin : Are you ready for the new cycle?
Happy Monday all, I hope we can start all over this week with a new spirit and a new good thing. Last weekend, we had a very bullish activity from crypto market especially bitcoin which is having its super bullish movement which made it to enter its crucial resistance zone and the psychological number of resistance.
Just like what we've known, the $10000 region has became a very crucial level for bitcoin. Several rejection in the past has proved that this region is a serious level that bitcoin needs to break in the future. Not just that, the psychological factor is having an important role in this level. This level is $10000 with 4 figures which based on the market's psychology it's a huge round number. Whenever most of the traders see the round number like this, there will be an extra cautious activity occurs. There will be an increase in fear and there will be a huge potential sell off as the effect of taking profit.
Currently, the price is entering the huge resistance zone at $10000 - $10500 region which moves in align with the resistance trend line zone as the benchmark of this down trend movement since 2017. This is however a huge resistance trend line that we need to give our respect for. Not too much trade and open positions needed. We just need an extra action for caution at this rate. 2 scenarios ahead is expected. Rejection toward this resistance trend line will leads the price to the blue support level as a potential free fall action. But, breaking out of this blue current resistance, will leads the price to higher region which is the white resistance region like what we've seen on the chart applied.
The criteria for bitcoin to start a new bullish cycle is that the price MUST breaks out of the $14000 region as the strongest resistance on this major pattern. The breaks above the $14000 level will forms a new higher high pattern in major cycle which will be the first time ever since the 2017.
Happy Monday all, I hope we can start all over this week with a new spirit and a new good thing. Last weekend, we had a very bullish activity from crypto market especially bitcoin which is having its super bullish movement which made it to enter its crucial resistance zone and the psychological number of resistance.
Just like what we've known, the $10000 region has became a very crucial level for bitcoin. Several rejection in the past has proved that this region is a serious level that bitcoin needs to break in the future. Not just that, the psychological factor is having an important role in this level. This level is $10000 with 4 figures which based on the market's psychology it's a huge round number. Whenever most of the traders see the round number like this, there will be an extra cautious activity occurs. There will be an increase in fear and there will be a huge potential sell off as the effect of taking profit.
Currently, the price is entering the huge resistance zone at $10000 - $10500 region which moves in align with the resistance trend line zone as the benchmark of this down trend movement since 2017. This is however a huge resistance trend line that we need to give our respect for. Not too much trade and open positions needed. We just need an extra action for caution at this rate. 2 scenarios ahead is expected. Rejection toward this resistance trend line will leads the price to the blue support level as a potential free fall action. But, breaking out of this blue current resistance, will leads the price to higher region which is the white resistance region like what we've seen on the chart applied.
The criteria for bitcoin to start a new bullish cycle is that the price MUST breaks out of the $14000 region as the strongest resistance on this major pattern. The breaks above the $14000 level will forms a new higher high pattern in major cycle which will be the first time ever since the 2017.
Binance HOTLIST ZRX
The price is trending very close to the APEX of this Symmetric triangle. A break out on both side could occurs in near future. A break to the upside, will leads the price to the $0.4 and you can prepare the long trading set up. But, breaks below the support trend line , will leads the price to the $0.3 and you can prepare the short trading set up.
The price is trending very close to the APEX of this Symmetric triangle. A break out on both side could occurs in near future. A break to the upside, will leads the price to the $0.4 and you can prepare the long trading set up. But, breaks below the support trend line , will leads the price to the $0.3 and you can prepare the short trading set up.
https://www.tradingview.com/x/myxQIXBw/
Bitcoin : Clear break out
Bitcoin is in a very bullish momentum right now. A 14% spike in the daily candle has said it well and the clearly it closes above the white resistance trend line which I anticipated at yesterday's analysis. For now, there isn't any specific count based on the Elliot wave that I can find. But, I'll cover the complete break out strategy at this post.
Based on the break out strategy, you can see that the price is now at the phase 1 which is the initial break out of the resistance. At the initial break out, there will be an extraordinary push to the upside which makes people FOMO to stack their long position. This FOMO action could give an effect directly to the price which will makes it super extended and trends far above the original resistance. But after the FOMO losing some strength and shrinking of fund, there will be an action from the smart people who do a take profit action which will makes the price has its correction. This correction is called the phase 2 of break out strategy which is retesting the previous broken resistance as a support.
At current rate, although there is a break out of the white resistance trend line, I feel not so comfortable to enter long position because I do believe that the correction is imminent. There might be a push toward the $12000 or even more because it's the area of liquidation zone. But, is it an ideal time to enter your long position? Clearly, No! I will enter a long position whenever I see a test toward the $10000 region as a strong support and when we get the confirmation of rejection toward this support zone. Watch the price carefully, at the initial break out it's very prone to occur bull/bear trap as well. Watch the price action on lower time frame with the synergy on the high time frame is suggested
Bitcoin : Clear break out
Bitcoin is in a very bullish momentum right now. A 14% spike in the daily candle has said it well and the clearly it closes above the white resistance trend line which I anticipated at yesterday's analysis. For now, there isn't any specific count based on the Elliot wave that I can find. But, I'll cover the complete break out strategy at this post.
Based on the break out strategy, you can see that the price is now at the phase 1 which is the initial break out of the resistance. At the initial break out, there will be an extraordinary push to the upside which makes people FOMO to stack their long position. This FOMO action could give an effect directly to the price which will makes it super extended and trends far above the original resistance. But after the FOMO losing some strength and shrinking of fund, there will be an action from the smart people who do a take profit action which will makes the price has its correction. This correction is called the phase 2 of break out strategy which is retesting the previous broken resistance as a support.
At current rate, although there is a break out of the white resistance trend line, I feel not so comfortable to enter long position because I do believe that the correction is imminent. There might be a push toward the $12000 or even more because it's the area of liquidation zone. But, is it an ideal time to enter your long position? Clearly, No! I will enter a long position whenever I see a test toward the $10000 region as a strong support and when we get the confirmation of rejection toward this support zone. Watch the price carefully, at the initial break out it's very prone to occur bull/bear trap as well. Watch the price action on lower time frame with the synergy on the high time frame is suggested
In trading, if you get your MTV right, you're gonna enjoy the music.
M: Momentum
T: Trend
V: Volatility
Though all 3 can be gauged from naked price but still if one wants to use dedicated tools, one can use the following:
Momentum: RSI/MACD
Trend: MA/ADX
Volatility: BB/ATR
M: Momentum
T: Trend
V: Volatility
Though all 3 can be gauged from naked price but still if one wants to use dedicated tools, one can use the following:
Momentum: RSI/MACD
Trend: MA/ADX
Volatility: BB/ATR
https://www.tradingview.com/x/a7FbJgnr/
Bitcoin : Patience is the key
Bitcoin is currently trending above the broken resistance of the golden pocket zone which is around $10400 region. The price looks strong and we have those volume needed on the market capitalization. However, currently the price is entering a short term potential of accumulation zone.
The next playable resistance is at the $12000 region (blue region) which is the .786 fib level. Just like what you've known, the .786 fibonacci level is the last level of the fibonacci retracement which it usually becomes a huge resistance / support zone as well. Beside that, the.786 fibonacci level is also called the flavor of the year level, which the price will get rejected when it touched this level.
On the other hand, the playable support will be at the white region which is also the golden pocket zone and it's now become the broken resistance which automatically also become a strong support in short term. If the price touches this region in the near future, there is a potential of the phase 2 of break out strategy to occur which is the ideal time for us to enter long position (with a note that the price must hold from further drop).
So, we better keep our patience and stay away from the market right now. It's because currently the price is trending at neutral zone which is the area of uncertainty as well. I'll wait for the price to touch one of those 2 zones mentioned above. If it touches the $12000, I'll come up with the short position (With a confirmation of rejection) but if it touches the $10000, I'll come up with the long position (with a confirmation of bounce).
Bitcoin : Patience is the key
Bitcoin is currently trending above the broken resistance of the golden pocket zone which is around $10400 region. The price looks strong and we have those volume needed on the market capitalization. However, currently the price is entering a short term potential of accumulation zone.
The next playable resistance is at the $12000 region (blue region) which is the .786 fib level. Just like what you've known, the .786 fibonacci level is the last level of the fibonacci retracement which it usually becomes a huge resistance / support zone as well. Beside that, the.786 fibonacci level is also called the flavor of the year level, which the price will get rejected when it touched this level.
On the other hand, the playable support will be at the white region which is also the golden pocket zone and it's now become the broken resistance which automatically also become a strong support in short term. If the price touches this region in the near future, there is a potential of the phase 2 of break out strategy to occur which is the ideal time for us to enter long position (with a note that the price must hold from further drop).
So, we better keep our patience and stay away from the market right now. It's because currently the price is trending at neutral zone which is the area of uncertainty as well. I'll wait for the price to touch one of those 2 zones mentioned above. If it touches the $12000, I'll come up with the short position (With a confirmation of rejection) but if it touches the $10000, I'll come up with the long position (with a confirmation of bounce).