Forwarded from Plutus Capital
Ethereum finding itself at daily resistance too. Also saw a good rejection here. A good idea to be loading up shorts because that's what we're doing.
For ETH, we're looking at price stalling a bit at $356 before continuing lower in the very short term.
Always looks at the bigger picture. ETH is looking at a potential drop of about -45%
https://www.tradingview.com/x/0xJT3Uup/
For ETH, we're looking at price stalling a bit at $356 before continuing lower in the very short term.
Always looks at the bigger picture. ETH is looking at a potential drop of about -45%
https://www.tradingview.com/x/0xJT3Uup/
Forwarded from Plutus Capital
Lastly one of our favorite is LTC. It kinda always points the direction where price for other majors may be heading.
Not only that, we start entering short at $51 resistance after seeing the rising wedge.
https://www.tradingview.com/x/lPf9Saf3/
Not only that, we start entering short at $51 resistance after seeing the rising wedge.
https://www.tradingview.com/x/lPf9Saf3/
Forwarded from Plutus Capital
Our Daily rising channel for BTC is still intact. Price touched the mid-line and dumped over $200 instantly. We believe the top may be officially in we begin the journey to as low as $8500.
All our shorts have been filled between $10400 and $10600 with most being filled at $10600 range. We don't expect price to push high any further.
Our stop loss is exactly at $12000. Almost every major asset is at resistance and we've entered shorts for some of them.
All of them are still under resistance and haven't made any new highs, we're still making lower highs on high time frames.
In the very short term, we're looking at price stalling a bit at $10960 before dropping lower.
https://www.tradingview.com/x/JagXfofq/
All our shorts have been filled between $10400 and $10600 with most being filled at $10600 range. We don't expect price to push high any further.
Our stop loss is exactly at $12000. Almost every major asset is at resistance and we've entered shorts for some of them.
All of them are still under resistance and haven't made any new highs, we're still making lower highs on high time frames.
In the very short term, we're looking at price stalling a bit at $10960 before dropping lower.
https://www.tradingview.com/x/JagXfofq/
Just a reminder, look at the TFs of charts I post. The shorts I've posted of LTC, ETH and BTC are on mid term. So you can put them on say 5x and forget about them. The YFI is an hourly chart so I expect it to move in the next 4 to 6 hours.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
YFI usually work similar to YFII in terms of price action. Interesting pick.
Looks like the Bitcoin scenario is starting to play. Eyes on $10980. Hold tight stops if you have any long position open. Same with shorts. Welcome to crypto.🖤
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
My current positions
Tight stops helped out. We'll grab the next one
OnePoint has some thoughts
https://www.tradingview.com/x/WgnzJDFG/
The nature of sub wave 3 of wave 3
This is a view from the lower time frame on bitcoin. After the price touched the $11720 range, we see a strong and hard rejection since the price tested this region of resistance. However, I think that this action is a normal action that show us about the healthy market structure. A war between the bulls and the bears, a lot of traps, and a high volatility has shown us that this market is going to be very exciting.
If you see my previous post about the EW count on the higher degree, you can see that at current market the price is forming the potential 3rd wave on minuette level. It's very hard to argue that it's not the wave 3 because of the size of the green candle. At a super bullish market cycle, there will be a lot of huge green candle occur to mark it as the wave 3 which usually is the longest wave comparing with 1st and 5th wave.
The other factor that you can see is at the RSI on this 1 hour time frame. We see a lower high structure which is negatively correlated with the price which forms a higher high structure. Similar action is occurring on another oscillator indicator which is the MACD. There is a lower high structure as well on both histogram and the MA line.
However, this is a normal type of correction as the price is performing a weaker bullish momentum. But, this won't happen for a long time because there are still 2 strong supports occurring on this structure. The zone of .382 and the golden pocket zone. We might see at those 2 levels of potential future bounce. For now, being idle is very suggested in the market
https://www.tradingview.com/x/WgnzJDFG/
The nature of sub wave 3 of wave 3
This is a view from the lower time frame on bitcoin. After the price touched the $11720 range, we see a strong and hard rejection since the price tested this region of resistance. However, I think that this action is a normal action that show us about the healthy market structure. A war between the bulls and the bears, a lot of traps, and a high volatility has shown us that this market is going to be very exciting.
If you see my previous post about the EW count on the higher degree, you can see that at current market the price is forming the potential 3rd wave on minuette level. It's very hard to argue that it's not the wave 3 because of the size of the green candle. At a super bullish market cycle, there will be a lot of huge green candle occur to mark it as the wave 3 which usually is the longest wave comparing with 1st and 5th wave.
The other factor that you can see is at the RSI on this 1 hour time frame. We see a lower high structure which is negatively correlated with the price which forms a higher high structure. Similar action is occurring on another oscillator indicator which is the MACD. There is a lower high structure as well on both histogram and the MA line.
However, this is a normal type of correction as the price is performing a weaker bullish momentum. But, this won't happen for a long time because there are still 2 strong supports occurring on this structure. The zone of .382 and the golden pocket zone. We might see at those 2 levels of potential future bounce. For now, being idle is very suggested in the market
Forwarded from Plutus Capital
Seems like CRV is really trying but still stuck under the downtrend line. Is CRV going to be one of those 2017 ICO projects that kept dumping "forever"?
Time will tell!
https://www.tradingview.com/x/itFhbDyK/
Time will tell!
https://www.tradingview.com/x/itFhbDyK/
Got some thoughts on the general markets. How would you like the update?
Anonymous Poll
75%
A lengthy 200 words text
25%
3 minute audio
First things first I want to talk about the election. History explains that recession hit economy usually brings in a new President. again the fact that a sitting president claims his second term is highly unlikely. The market shows its bias towards Donald Trump not getting elected for a second term. Yet I am extremely sceptical on the policies Joe Biden bring in to strengthen the economy. This is a very crucial factor because numerous countries have injected billions of dollars in stimulus packages. Consider India in the present week the government has promised a 10 billion dollar stimulus package similarly we saw that the you proposes 750 billion Euro stimulus package. This all indicates towards a strong gold and silver. People usually run toward hard currencies in times of uncertainty. even if the stock market recovers the possibility of Donald Trump getting reelected is slim. I expect extremely high volatility in the next 20 days. It is best to change aaj to a relatively stable currency if you come from a country where the currency is likely to get the value. Bitcoin still sees a possible scenario of touching 10900 dollars. The earlier charts of long term short positions are bound to play in by the time the election commences.
Could thoughts from Alberto
https://www.tradingview.com/x/mJmG2GHf/
All about bitcoin in the intra day chart. It forms once again a consolidation pattern in lower time frame. I've seen several wicks toward the upside as the rejection toward the shadow resistance at above region. At the latest push, we've also seen a push toward the $11550 region but like what we always anticipated lately, it's getting rejected again and again with only long wick produced at this latest moves. I still see a potential test toward the blue zone as a strong support in the short term before potential push once again to test the white region as interim swing high.
https://www.tradingview.com/x/mJmG2GHf/
All about bitcoin in the intra day chart. It forms once again a consolidation pattern in lower time frame. I've seen several wicks toward the upside as the rejection toward the shadow resistance at above region. At the latest push, we've also seen a push toward the $11550 region but like what we always anticipated lately, it's getting rejected again and again with only long wick produced at this latest moves. I still see a potential test toward the blue zone as a strong support in the short term before potential push once again to test the white region as interim swing high.
What's the date?
If you know you surely have been listening to the audios and reading my posts.
If you know you surely have been listening to the audios and reading my posts.
Plutus Capital
Our Daily rising channel for BTC is still intact. Price touched the mid-line and dumped over $200 instantly. We believe the top may be officially in we begin the journey to as low as $8500. All our shorts have been filled between $10400 and $10600 with most…
Take a scroll up and look at all the short orders we set.
Alberto back at it
https://www.tradingview.com/x/Sj0iuupB/
Bitcoin : 3 important things to watch (TA perspective)
Another choppiness and another consolidation type of pattern on the bitcoin's price movement. Earlier this morning, we've seen a push toward the $10500 and right at the white resistance zone which is now becoming a strong resistance zone. During this consolidation phase, I'll show you 3 important things we need to be aware of in this chart.
1. White resistance trend line
At first time, I'll always start with the most crucial things on this current market structure. It's the white resistance trend line which has been broken out since the early October. I see this as an important trend line because since the break out event which I consider this as the first phase of my break out strategy, we haven't seen any sign of retesting this broken resistance as a support which is the phase 2. Based on my valuation, we can see a potential retest zone at the blue region if we consider the price action in the historical data. That's why at first deduction, I highly recommend you to save some of your fund to accumulate more at this zone which is around $10800 - $10500.
2. Assuming parallel channel
If we assume the parallel channel, we can find an important and valuable uptrend channel here. It shows us the representation of the bulls which is now gaining any strength. We see a rejection point right at the upper line of this parallel channel and we see the rejection point toward the support at the median line of the channel which is becoming the support trend line for now. What makes this parallel channel more important is that if the price can breaks below this median line, we can see further push toward the lower line of this channel which is moving in alignment with the blue region which I've covered on the first point.
3. Green dotted line
This green dotted line is also crucial as it was a broken horizontal line after the long consolidation from August - September 2020. After a break down, we see the first retest at September 19th and it also got rejected. But, at the 2nd test toward this resistance, the price is able to break this horizontal line. However, at current condition, the price is still trending above this horizontal support which we can consider this as the crucial point too.
https://www.tradingview.com/x/Sj0iuupB/
Bitcoin : 3 important things to watch (TA perspective)
Another choppiness and another consolidation type of pattern on the bitcoin's price movement. Earlier this morning, we've seen a push toward the $10500 and right at the white resistance zone which is now becoming a strong resistance zone. During this consolidation phase, I'll show you 3 important things we need to be aware of in this chart.
1. White resistance trend line
At first time, I'll always start with the most crucial things on this current market structure. It's the white resistance trend line which has been broken out since the early October. I see this as an important trend line because since the break out event which I consider this as the first phase of my break out strategy, we haven't seen any sign of retesting this broken resistance as a support which is the phase 2. Based on my valuation, we can see a potential retest zone at the blue region if we consider the price action in the historical data. That's why at first deduction, I highly recommend you to save some of your fund to accumulate more at this zone which is around $10800 - $10500.
2. Assuming parallel channel
If we assume the parallel channel, we can find an important and valuable uptrend channel here. It shows us the representation of the bulls which is now gaining any strength. We see a rejection point right at the upper line of this parallel channel and we see the rejection point toward the support at the median line of the channel which is becoming the support trend line for now. What makes this parallel channel more important is that if the price can breaks below this median line, we can see further push toward the lower line of this channel which is moving in alignment with the blue region which I've covered on the first point.
3. Green dotted line
This green dotted line is also crucial as it was a broken horizontal line after the long consolidation from August - September 2020. After a break down, we see the first retest at September 19th and it also got rejected. But, at the 2nd test toward this resistance, the price is able to break this horizontal line. However, at current condition, the price is still trending above this horizontal support which we can consider this as the crucial point too.
Forwarded from Glassnode
Prior to the suspension of cryptocurrency withdrawals from #OKEx, we observed large BTC outflows from the exchange.
According to our data, a total of 10,000 BTC (~$113 million USD) were withdrawn in two large batches in the past 48 hours.
#Bitcoin
Live chart | @glassnode
According to our data, a total of 10,000 BTC (~$113 million USD) were withdrawn in two large batches in the past 48 hours.
#Bitcoin
Live chart | @glassnode