$BTC/USDT Update

As predicted, the price did face resistance near the red box and under crucial EMAs. The next few days can be messy as we are in the C wave of an ABC correction pattern within the larger wave 4 correction. Usually these moves are like the teeth of a crocodile.

Be patient and let the moves play out and give us clear signs of reversal.

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$BTC/USDT Update

All important notes on chart

https://www.tradingview.com/x/1zVu8zrE/

$BTC / USDT Update

The price perfectly bounced off the mentioned levels after momentarily raiding it. Currently sitting at +6%. A strong move here could catalpult some altcoins to double digit greens today.

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

For the people looking into altcoins, I've been picking up some of these on every dip.

$MATIC
$ETH
$EOS
$UNI

A few other coins on my radar but I plan to hold on to these bags for the mid and long term positions. Only exiting these positions in case of a massive change in market directions.

Thai SEC files a criminal complaint against Binance for operating digital asset business without license.

The Cayman Islands Monetary Authority (CIMA): Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised by the Authority to operate a crypto-currency exchange from or within the Cayman Islands.

https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=9017
https://www.cima.ky/binance-not-regulated-by-cima

I think it's time we moved our funds elsewhere for their security. Things could turn ugly like the case of Mt. Gox id the SEC really get their hands on CZ

$BTCUSDT Update 4h

The previous update turned out to be very fruitful as the price moved exactly in our range bouncing from the crucial level where we entered and making a move upwards the $35869 level resistance line.

The price hasn't help to these levels and now is entering a very dramatic period for the entire cryptomarket. We need a pump and a quick one to compensate for the delayed price movements in BTC. I'm looking for heavy longs once we break past the red box around $36,000. This move is likely to carry us towards $40,000. But, we need this move to occur in the next 5 days. ie: the weekly close above this resistance block would be in favour of the bulls.

Out key support level still holds its integrity and I don't see a high probability of price breaking this level as of now.
https://www.tradingview.com/x/o6HRqhT0/

$ETHUSDT 4h breakout

As you have observed, the trading activity on channel has been reduced significantly on the alts side as bitcoin is making good scalping moves on smaller timeframes hence I've just been holding on to alts in spot.

A good position with fairly decent Risk Reward is ETH. Simple 200 EMA breakout strategy coupled with a confirmation from PXI.

https://www.tradingview.com/x/Rgf1mrT3/

$BTC/USDT Update

You just cant make this up so accurately.
I know the channel updates have been dry lately but the quality hasn't dropped one bit.

Look at the highlighted orange border-box. So many scalp trades there.
1) Price bounces of intersection level ($33,800 to mentioned resistance level ($35,169) and perfectly closes on top.
4.55% No leverage profit
2) Breakdown of diagonal support with the confirmation from EMA towards green support box.
6.79% No leverage short
3) Re-entry long from the green support level($32,386) to current price ($33,721)
5.17% No leverage long

These trades could be played out by simply looking at a single chart. That's how good the analysis gets.
https://www.tradingview.com/x/uyh2ydKr/

Interesting metric about GBTC.

Mark your calendars for the unlock.

$BTC/USDT Update

If you remember this chart you know how bad things have become. The price did not move after the completion of out given time range and basically died from there.

The range is too tight to make any moves unless you are a scalper which I have stopped.

Basic lesson from Jesse Livermore:
"Don't trade when there aren't clear opportunities."
“Do not trade every day of every year.”

There are reasons why I haven't traded lately. The market isn't right. Wait it out patiently.

https://www.tradingview.com/x/Vzb3RKqq/

We are consistently closing candles under the weekly 55 EMA and this needs no introduction. The weekly close yesterday was nasty too.

In general, there is a probability we take out the panic lows of around $28,000 and a correction towards $26,000 is on the cards.

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

Blood in the streets?
You were warned.

$BTC/USDT Healthy reaction

We have entered the last phase of the NO TRADE ZONE and the market seems to have reacted very well. The Grayscale unlock has probably priced in but we still need to be cautious here. The price made a significant bounce after making a few panic lows on 20 July.

Overall, the momentum is bullish unless we see another catastrophic move towards the lows formed.

https://www.tradingview.com/x/P354tWKD/

$ETH / USDT Update

With the London Upgrade coming up, ether is poised to make a run up. This is a significant even and holderss have already loaded their bags in the dip.
A 40+ percent move in a months time for a major coin is off the charts in terms of performance.

https://www.tradingview.com/x/yNvDAq00/

$ETH/USDT Update

Getting there.

https://www.tradingview.com/x/ev4PYv6M/

$BTC / USDT Pay day!

All those slow days of analysis paid off. Price perfectly moved past our critical zone and zoomed towards $40,000 levels. Take the money and buy yourself a treat!

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

$BTC / USDT Update

After our very accurate entry at the bottom, we are currently sitting with 39.60% profit on SPOT. That's neat for week long hold I reckon.

Out first target has successfully triggered and locked in profits. While the second resistance level close to $42,000 will be my second exit zone, I see an over extended monthly. Hence we could expect some downward pressure before monthly close. Nothing to freak out about as of yet as we are stabilizing in this zone.

https://www.tradingview.com/x/eS7YikMU/

$DEFI Index

The general trend in the DEFI space is heating up again. Some coins are already entering double digit green and I have build some positions inn the following coins.

$UNI (Holding)
$COMP (Swing)
$AAVE (Swing)
$BAL (Holding)

All the positions are on SPOT and each one with around 25 to 30% expected profits. I shall drop one chart giving you a rough idea about my entries

https://www.tradingview.com/x/UdGb45lS/