Forwarded from Plutus Capital
We mentioned entering short for LTC at $51 on October 13th after entering short for BTC around $11600 and ETH around $385.
Since then, LTC is down -7%. The price indeed did broke down from the rising wedge after it got stopped at $51 horizontal resistance.
This is the 3rd time LTC has been rejected from the $51 horizontal resistance.
After $36 target, we expect the next stop for LTC to be $11 and then $4.6 (most bearish scenario).
https://www.tradingview.com/x/r2XBd9og/
Since then, LTC is down -7%. The price indeed did broke down from the rising wedge after it got stopped at $51 horizontal resistance.
This is the 3rd time LTC has been rejected from the $51 horizontal resistance.
After $36 target, we expect the next stop for LTC to be $11 and then $4.6 (most bearish scenario).
https://www.tradingview.com/x/r2XBd9og/
Forwarded from Plutus Capital
Another reason why we're confident in seeing LTC drop again is this bearish pennant pattern formed on the 2H time frame.
These sort of patterns are bearish continuation patterns. Price dumps in a vertical way, consolidates in a symmetrical triangle and then continues the dump, and that's what we're seeing on the LTC chart.
It also looks like we might be forming a head and shoulders pattern but it's not reliable at this moment. For now, LTC still looks bearish until price manages to climb above $51.
https://www.tradingview.com/x/v5b9x3x4/
These sort of patterns are bearish continuation patterns. Price dumps in a vertical way, consolidates in a symmetrical triangle and then continues the dump, and that's what we're seeing on the LTC chart.
It also looks like we might be forming a head and shoulders pattern but it's not reliable at this moment. For now, LTC still looks bearish until price manages to climb above $51.
https://www.tradingview.com/x/v5b9x3x4/
Bitcoin is in my sell zone ! ( Weekly resistance )
https://www.tradingview.com/x/F7zLnNqx/
PS: Here's a chart from my mentor and the baddest trader I have ever come across. You need to give him a watch. I personally do.
This channel is all you need. Run by the two kick-ass money makers from stonks now in crypto.
Link
https://www.tradingview.com/x/F7zLnNqx/
PS: Here's a chart from my mentor and the baddest trader I have ever come across. You need to give him a watch. I personally do.
This channel is all you need. Run by the two kick-ass money makers from stonks now in crypto.
Link
Forwarded from Plutus Capital
Got stopped on the previous short with a -1.5% loss. However, we're still in our main swing short and invalidation is a daily close above $11960.
If we manage a daily close above $11960, we will close our shorts and flip to longing with eyes on $15,000 - $16,000.
With so many CME gaps below and price back at resistance with a possible bearish divergence formed on the daily chart, we're still very much bearish.
We will be watching for the opportunity to take another low risk short.
https://www.tradingview.com/x/ft1i6zSK/
If we manage a daily close above $11960, we will close our shorts and flip to longing with eyes on $15,000 - $16,000.
With so many CME gaps below and price back at resistance with a possible bearish divergence formed on the daily chart, we're still very much bearish.
We will be watching for the opportunity to take another low risk short.
https://www.tradingview.com/x/ft1i6zSK/
The drama has just begun.
Forwarded from Cointelegraph
Filecoin creator denies strike allegations
“Miners are following the protocol, and making a ton of money doing so,” said Juan Benet on Twitter.
https://ct.com/91hp
“Miners are following the protocol, and making a ton of money doing so,” said Juan Benet on Twitter.
https://ct.com/91hp
Forwarded from WinXSell_VIP
Attention Traders :
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
I just noticed a bullish inverted H&S on BTC chart and Im going to share it with our members .
Neckline is broken on this pattern and this indicates bulls can take the price to higher levels . I’m still going to stick to my prediction and hold my $11800 short with the money that I can afford to lose and follow the swing call until we close above resistance before going bullish . please stay out of trades you have a small account or go in USD and wait a few days ! You can also hold your BTC if you are a believer . I’m a trader so I always have BTC to trade , but again this isn’t a zone for high leverage trading . This is what we call choppy waters . You know we always make good leverage calls and hit our targets but now I feel responsible to notify all members before any breakout ! I give you the options and you choose . Good luck and please don’t get rekt !
I’m bearish below $12001 close !
https://www.tradingview.com/x/ACREDQ6g/
🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨🚨
I just noticed a bullish inverted H&S on BTC chart and Im going to share it with our members .
Neckline is broken on this pattern and this indicates bulls can take the price to higher levels . I’m still going to stick to my prediction and hold my $11800 short with the money that I can afford to lose and follow the swing call until we close above resistance before going bullish . please stay out of trades you have a small account or go in USD and wait a few days ! You can also hold your BTC if you are a believer . I’m a trader so I always have BTC to trade , but again this isn’t a zone for high leverage trading . This is what we call choppy waters . You know we always make good leverage calls and hit our targets but now I feel responsible to notify all members before any breakout ! I give you the options and you choose . Good luck and please don’t get rekt !
I’m bearish below $12001 close !
https://www.tradingview.com/x/ACREDQ6g/
Picked up an entry on #DASH.
Worth allocating 2% of portfolio.
Worth allocating 2% of portfolio.
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Picked up an entry on #DASH. Worth allocating 2% of portfolio.
Ah well guys.
If you pinned the channel, you caught this right in time.
If you pinned the channel, you caught this right in time.
Looking at what Alberto thinks.
https://www.tradingview.com/x/8iHeWLso/
Trust measurement and the liquidation zone to watch
This is the 3 days time frame which is longer than the daily but shorter than the weekly time frame. However, this time frame is giving us a bigger picture to analyze the bigger trend that is happening in the market. Bigger picture means more valid bias because it will minimalize the risk of manipulation in the market.
First thing is about the trust measurement which is one of my favorite method to identify potential next target after a break out from the previous pattern. At this case, there is a major inverted Head and Shoulder that has been forming. The blue region which is the golden pocket zone is acting as a neck line too, because the price has already broken out from this neck line of this structure, the price has shown us a retest toward it too as a support which is the characteristic of the phase 2 of break out strategy. Right after the phase 2 occurs, the price had a bounce of it until this region is being met. Trust measurement that I'm using is to measure the height between the bottom of the Head pattern to the neckline and projects it right at the breaking out point. With this method, there will be a potential to reach the $16412 as the mid-long term target.
Next thing is the bias for the near future which I believe that we'll see another correction even if it's so little in the future. Currently the price is still trending slightly below the .786 fibonacci retracement level which acts as a resistance too. We'll see further test toward this region especially if we see any spike toward $12500 which is the liquidation zone. Liquidation zone is the zone that the whales want to trap the early buyers to liquidate their position so the whales can buy at the lower price.
Key point is still at this $11800 and the $14000 region for mid-long term. Breaks above this 2 regions will become a fantastic futures for bitcoin and most of the coins in this universe.
https://www.tradingview.com/x/8iHeWLso/
Trust measurement and the liquidation zone to watch
This is the 3 days time frame which is longer than the daily but shorter than the weekly time frame. However, this time frame is giving us a bigger picture to analyze the bigger trend that is happening in the market. Bigger picture means more valid bias because it will minimalize the risk of manipulation in the market.
First thing is about the trust measurement which is one of my favorite method to identify potential next target after a break out from the previous pattern. At this case, there is a major inverted Head and Shoulder that has been forming. The blue region which is the golden pocket zone is acting as a neck line too, because the price has already broken out from this neck line of this structure, the price has shown us a retest toward it too as a support which is the characteristic of the phase 2 of break out strategy. Right after the phase 2 occurs, the price had a bounce of it until this region is being met. Trust measurement that I'm using is to measure the height between the bottom of the Head pattern to the neckline and projects it right at the breaking out point. With this method, there will be a potential to reach the $16412 as the mid-long term target.
Next thing is the bias for the near future which I believe that we'll see another correction even if it's so little in the future. Currently the price is still trending slightly below the .786 fibonacci retracement level which acts as a resistance too. We'll see further test toward this region especially if we see any spike toward $12500 which is the liquidation zone. Liquidation zone is the zone that the whales want to trap the early buyers to liquidate their position so the whales can buy at the lower price.
Key point is still at this $11800 and the $14000 region for mid-long term. Breaks above this 2 regions will become a fantastic futures for bitcoin and most of the coins in this universe.
Too much text for the day, yet an important update coming. Will drop an audio note in a bit.
Hold tight stops. Wicks time
▪️Since 1984, the S&P500 has correctly predicted the outcome of every presidential election based on its price movements in the three months leading up to the election.
▪️Since 1928, the S&P500 has correctly predicted the next US president 87%(!) of the time.
If the S&P500 rose in the August-October period (three months before the elections), then this means that the market is betting on the current US president. If the S&P500 closes August-October period in the red, then the market is betting on changes.
By the way S&P500 currently printing possible Double-Top structure. And October not ended yet.
▪️Since 1928, the S&P500 has correctly predicted the next US president 87%(!) of the time.
If the S&P500 rose in the August-October period (three months before the elections), then this means that the market is betting on the current US president. If the S&P500 closes August-October period in the red, then the market is betting on changes.
By the way S&P500 currently printing possible Double-Top structure. And October not ended yet.
Bitcoin on-chain transfer volume exceeds 4M as price rises to 14 month high
22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000.
https://ct.com/91px
Notes
Why would such a huge supply move? To off load is my assumption. It can trickle higher. But it's not always necessary to catch the absolute top or bottom. Keep taking profits all through.
22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000.
https://ct.com/91px
Notes
Why would such a huge supply move? To off load is my assumption. It can trickle higher. But it's not always necessary to catch the absolute top or bottom. Keep taking profits all through.
Cointelegraph
Bitcoin on-chain transfer volume exceeds 4M as price rises to 14-month high
Bitcoin volume hits figures not seen in over a year following bullish news for the industry.
Forwarded from Plutus Capital
The head and shoulders for LINK broke down to the support and like we suggested, we could retest around $12 and then fall from there. We're still in the rising wedge and approaching $12.
Many assets have seen significant appreciation in price and major breakouts, however, some are still lacking behind.
Approach with caution!
https://www.tradingview.com/x/5IhztkX2/
Many assets have seen significant appreciation in price and major breakouts, however, some are still lacking behind.
Approach with caution!
https://www.tradingview.com/x/5IhztkX2/
Afternoon guys. Couple of thoughts I'm looking into.
ETC
XRP
EOS
DOT
An interesting scalping opportunity on these. Targeting 10% to 15% growth over a period of 3-5 days. Remember it's a scalp so you gotta have tight stop losses according to the risk reward strategy that suits you best.
ETC
XRP
EOS
DOT
An interesting scalping opportunity on these. Targeting 10% to 15% growth over a period of 3-5 days. Remember it's a scalp so you gotta have tight stop losses according to the risk reward strategy that suits you best.
I know you guys are keen on getting updates and we are trying our best to serve you with content. We are caught up with content creation and video production lately. We'll put out our work in a bit. Your standing support has always encouraged us. We hope you forgive us for the lack of updates.
Cheers
🥔
Cheers
🥔