Current open positions:

$BTCUSD from $9,600 - BTC Analysis
$ETHUSD from $258.50 - ETH Analysis

Note: Our Stop Loss has been moved to entry. ✅

$BTC addresses with non-zero balances are at an all time high. What's more surprising is that we are even higher than when we were near $20,000. Hard to not be bullish on this kind of distribution and adoption (long term).

$BTC and $ETH are both 4% + up since our call! We are seeing the predicted price action. Congrats to everyone that followed our call! 🚀

$BTC is right now at $9,940 weekly resistance.

Feel free to take some profits.

$WRX / BTC

Boom! Cleared all small resistance and spiked over 10% the following day

https://www.tradingview.com/x/R6iKjNUg

Bitcoin : cross point zone

Happy Sunday all! Actually I don't want to do any update on this Sunday. But, the last spike that is close to the area of $10,000 region is looking crucial for me and I really think that you need this update.

The latest spike to the upside has brought bitcoin to breaches the median line of the down trend channel which I've anticipated previously. Currently the price is trending around $9900 region which is slightly below the Golden pocket zone around $10,000 - $10,070 region.

And the another level to see is the yellow trend line which has held the price since January 3rd 2019. This level was a broken support previously but, after we see this kind of break out, I absolutely expect an action of retesting this area as the resistance. Beside, this area forms a cross point with the upper line of the down trend channel and this golden pocket zone.

Any rejection toward this level will lead the price to further sell off.

​​​​According to Google Trends the search term "halving" or "halvening" climbed dramatically from April to June 2019 up to the 14k price peak.

It started to climb again since Dec 2019 when there was a higher low.

Conclusion: Bullish behavior for the $BTC price going into the May halvening.

Guys I hate to not talk to y'all ever single day but something really amazing is cooking at HP team wagon. Forgive us for papering you!

Love P.

$BTC / $USD BITMEX 1D

The following are my interpretations. We can see a strong buy power flowing into the market at current prices. Temperory support has been established and bears seem to be weak to drag anything further. A nice bounce from $9450 levels can be expected as it is an essential 200 MA support on the 4h.

In general the trend remains bullish and a mid term target is set at $10,800. Bag holders can start accumulating.

https://www.tradingview.com/x/roNCne0X/

https://www.tradingview.com/x/QaWf7bqa

Ripple February 24th, 2020

First, I'll cover the xrp with USD pair analysis, this time I want to use the weekly chart to show us much more clear bias in the near future.

From the perspective of this chart presented, we see a major resistance at the white zone around the $0.30 and in the previous 2 weeks, we have seen the price tried to breaks this resistance zone but it was only producing a nasty wick to the upside.

$0.30 resistance zone is actually the Most crucial key level for XRP because it was the broken support previously and the test toward this region lately is no more than the phase 2 of the break out strategy.

With the latest rejection candle, I see more bearish pressure than bullish. For now, I still don't see any bullish sign for Ripple and for the short term, I'm expecting a test toward $0.16 region

https://www.tradingview.com/x/ZjFS0XuI

$XRP / $BTC pair is extra bearish

Looking at the btc pair on ripple, there isn't significant difference with the fiat pair. the price has already formed a very bearish pattern with the Head and shoulder is in valid form.

I'll expect 2500 satoshi for short term target of ripple. The price however is very bearish for now.

https://www.tradingview.com/x/aqnQa5Ig/

Bitcoin : Trending at support but Bear is lurking (hard)

Hello, welcome back again with my analysis of bitcoin. we've seen a very volatile days in the last 1 month, especially after the price touched the interim swing high and got rejected. However, this play is pretty healthy for bitcoin when the asset class like bitcoin touches the high volatility region like this. here it is my highly detailed analysis about bitcoin. Enjoy!

Looking at the chart presented, I have some confluence reasons that could play a significant role for bitcoin and the first thing highlighted is the white region where the price is trending right now. This is clearly a huge support zone for bitcoin, simply because this was a previous broken resistance that is now become support as well. And this drop could be the retest of the previous broke out action. But, the main question is will this support hold?

The 2nd thing that I want to highlight is the price action in the last 12 days, when the price has broken out of the previous resistance. After the price breached the previous resistance zone and touched the interim swing high, at least I find 2 bearish engulfing candle on the daily time frame and 1 price action that rejected from the green minor resistance zone. This kind of condition makes me assume that the stakeholders don't have the confidence of potential growth.

The 3rd think is that the price is still trending at the down trend parallel channel and with yesterday's bearish action, we can see that the daily candle has closed below the median line of the channel. This means that there is a huge possibility of the price to test the lower line of the channel which is around $9188 region. Breaking below this, will lead the price for further sell off to $8000 region.

Last thing that I want to highlight is the oscillator indicator on MACD and RSI. On the RSI, it is entering the neutral zone between 40 - 60 level, but the line is still curving down and this could continue its drop to neutral bearish zone. And worse for MACD, the histogram is ticking down to the downside and it's currently on the negative area which show us that the bears are in control.

I see a lot of confluence reasons for the price to print another lower low and lower high structure which is the indication of further sell off in the market. But, as long as current support is still holding, never use the significant amount of capital to enter the short. Laddering down the short position after it breaks current support zone is way wiser.

$BTC / $USD

Hit news! HP nailed another analysis. Agh, this is getting ridiculously easy, you already know how darn accurate we have been, to the very dollar.

https://www.tradingview.com/x/6dVzLHnn/

Do not in any fucking case open your blockfolio unless you want to feel the real pain. I guess you would've figured out why we aren't spamming you with trades. This isnt the right time.

🥎 Open LONG for the price between $9190.0 - $9230.0 with 1% of your deposit with cross leverage.

🍒 Targets:

1) Close the position at the price $9245.0
2) Close the position at the price $9255.0
3) Close the position at the price $9275.0
4) Close the position at the price $9290.0
5) Close the position at the price $9310.0
6) Close the position at the price $9330.0
7) Close the position at the price $9355.0

❌ STOP LOSS: 9070.0$

Bam-wham thank you ma'am!
Three targets cleaned out and now almost barging into the rest. Reduce position to 30% of initial.

Current profit: 53%

https://www.tradingview.com/x/x1xnfzip/

I've warned you about this potential drop yesterday. And kindly want to congratulate you who have followed my short call yesterday. And here is the quick analysis about bitcoin. This white support trend line is likely to be tested in near future. This area is having an alignment with the .5 fib level which is around $8500 region. we might see this area of support for now.

I'm not sure that the price will bounce from this trend line support but, knowing that this line has already held the price since December 2019. More detail analysis will be updated later

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

Bitcoin : Down we go!

Hello all, we have seen a very violent drop today of bitcoin. Will this down trend moves continue?

Looking at the chart presented, we have seen a very violent drop for bitcoin . The price has dropped for more than 17% since it reached the interim swing high on February 13th, 2020. I want to give highlight to some levels and factors of bitcoin:

1. Red dynamic line is the 200 Moving average on daily based. we have seen that the price is now trending just slightly above this dynamic support. We have to be aware of this level. if it breaks, we'll see trend continuation to lower support zone
2. Support trend line has already formed since December 2019. We can assume this area as a potential support to catch any bounce.
3. The golden pocket zone however will always be a very crucial level for any asset. And the golden pocket zone is having an alignment with the $8000 region as the area of heavy price action. we could see this area as a potential bounce area.

We have seen 3 crucial supports that we should watch in middle term. But, how is the sentiment and the momentum in the market? I see some factors that will be good to identify current bias

1. MACD : For some reasons, MACD is actually very bearish with the ticking down histogram comparing the previous close and the moving average is curving down to reach the negative area.
2. RSI : it's entering below 40 zone which is potentially the bearish zone and whenever the RSI entered this zone in the past, there was a massive sell off in the market.
3. Price action : Since the price reached the interim swing high since February 13th , there were some bearish type of candles has formed. And with the last 3 days candle with a huge red, is showing us the the massive sell off is occuring now.

Looking at the above analysis, I feel like there could be a push toward the downside is likely for bitcoin. 3 areas of supports that I've mentioned above could be a nice place for bounce but, we must always assume it as a relief rally only. I see that in the long term, there is still far from the bottom, maybe there might be a possibility for making lower low in higher degree. For now, just be focus on the 3 areas mentioned above to catch a little potential bounce.

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