$XLM Analysis

Here is the high time frame perspective from the Stellar Lumens. The price is testing the strong area of support trend line . Not just that, the price is still maintaining the form of higher low too. On the other hand, the oscillator indicator is looking good with a potential of hidden bullish divergence as the possible upside continuation. If this trend line can holds the price from further drop , we may see an upside moves with a minimum retest at the interim swing high.

SUSHI is not asset to be buying at this moment. Don't be blinded by the pump due to the news.

It still looks weak as it moves in a descending triangle. Would be best to stay away from it until it shows some strength.

https://www.tradingview.com/x/Il6sXzZC/

When Bitcoin's 30-day return hits this lower threshold (we are very close now), it is usually followed by 30-day gains of 20-40%.

EOS is one of the assets we've been shorting for a while now because it looks quite as bearish as LTC and BCH.

There isn't much support to the downside anymore after closing the week under $2.813. We have a zone between $1.87 and $2.04 which is not that strong.

After that we have the zone between $1.1 and $1.25 as support, this is where we may have some sort of chance but this can fail too, but we'll know when we get there. This is medium-strength support.

Lastly, is the support zone between $0.55 and $0.71. This is where we'd expect some consolidation.

https://charts.cointrader.pro/snapshot/8k7y6

https://bzx.network/blog/incident

How to downplay shithousery 101

Last night BZx was hacked :

219,199.66 Link ($2.6M)
4,502.70 ETH ($1.6M)
1,756,351.27 USDT ($1.7M)
1,412,048.48 USDC ($1.4M)
667,988.62 DAI ($0.6M)

That's $8M in user deposits lost in total, or around ~30% of bZx's TVL, which has since dropped 68% in the past 24hr

* User funds are safe as lost funds will be covered by insurance.

https://www.tradingview.com/x/Nqx2s5Cl/

$LINK Short

Credits to my buddy BamRock for this idea. Link is following its bearish trend. Its a viable short.

Check @bamRockTrading out for scalps

ETH short executed. We finally tapped that resistance.

Should see a good drop from this side

https://www.tradingview.com/x/l7Ti5sx9/

Closing LINK short here for 2.7% profit. 1H time frame is showing strength and the way BTC is looking, it can send LINK back to our entry.

Would open another short based on where we face heavy resistance next. Probably $12.8 or $13.8

https://www.tradingview.com/x/uX8qRwFh/

LTC forming some bearish rising wedge on the 30 minutes. Looks like the majors are all showing bearishness in the short term.

LTC is still hovering just above the last stand support we spoke about a while back. If we fall back into it and are not able to recover, we're going much lower to $4.63.

https://www.tradingview.com/x/J7qbIwfN/

46.3 🙈

LEND was brought to attention but it seems the ideal place to short (the right shoulder of the HS) has passed.

However, we should get another chance if price comes back for a bearish retest. That would be a great short with a good R/R.

https://www.tradingview.com/x/9Gjzdmp5/

This idea can play out again now

ETH has been following our ideas to the dot. On September 11th we spotted an ascending channel on the 8H time frame. This made it clear that ETH was traveling in the channel to test previous support as resistance (red zone).

Now we did the bearish retest and have rejected back to $370. Ascending channels are can be mini, mid, or major uptrend patterns. All depends on the time frame and previous patterns on the chart.

This particular one for ETH is bearish because it formed after a significant drop in price and it's happening on the 8H chart and not daily or weekly.

However, we need to use other indications to check if the pattern will play out. Such as bearish patterns and overbought RSI on smaller time frames in the channel.

We're at the lower support of the channel and the arrow indicates how we may expect price to play out. Target for the channel breaking lower is $250.

https://www.tradingview.com/x/uUuednYm/

FA stuff !

SXP has been the talk of the past few weeks. Looking at the weekly chart, this looks bad. The chart looks bad and it looks like most alt charts look same.

Seems like we have another head and shoulders pattern forming. If BTC is going to drop more like we expect, we will be expecting SXP to also drop further to the green support.

At that point, the market will have to decide if it bounces or keeps falling. For now I'd stay away from it until lower time frames show something strong.

https://charts.cointrader.pro/snapshot/QyciX

WTC is not looking good at all. I've seen some people buying it here as support. You should be avoiding it.

Worst of all, price formed an ascending channel on the weekly and we broke below it. This means it's possible we'll be making a new low.

The only time WTC is good for buying is if price moves and closes about 2 weeks above the immediate resistance between $0.67 and $0.74

https://charts.cointrader.pro/snapshot/uTItc

This is BZRX. Another lesson learned. Almost everyone was jumping on board. Remember, most assets will look like this.

You have to look hard for those assets that are worth trading. Thos that respect support and resistance at least.

https://charts.cointrader.pro/snapshot/AWb1R

[Breaking News] Court enforces Seizure of Bithumb Korea.

http://www.newsfreezone.co.kr/news/articleView.html?idxno=260700

Get ready!

Dump fireworks will be happening soon. Probably before weekly close. Big rising wedge on the chart.

Highest we go is $11200.

https://www.tradingview.com/x/WL96GxJv/

Meanwhile... I think you'll get Salmonella from eating this Sushi, it's clearly gone bad.