LINK facing another resistance on the 8H. Considering how curved up the RSI is, it's possible we go up a bit to $11 before dropping into our green box at $7 - $8.

If not and the selling pressure is too much, we can just start falling from here without reaching $11. All the same, LINK is still bearish until we get at least daily close above $11.

https://www.tradingview.com/x/RGyrGjh9/

YFII is not looking all too bad. It's at a critical point. Price is in a falling wedge which is mostly a bullish pattern.

If price is able to manage a breakout and close above $4160, then we can expect price to continue up to $5000.

However, in the event where price continues sideways under $4160 thereby moving out of the falling wedge, then price will likely drop and break $3593 support with eyes on $3230.

https://www.tradingview.com/x/o9PZOQ8x/

100k $BTC options are set to expire between now and month-end.

$SUSHI is currently voting on locking 2/3 of mining rewards and reducing the supply of SUSHI tokens

They're still holding over half a billion USD in liquidity compared to 2B from Uniswap, people need to get over their PTSD and see the bullish signs

#LTCUSD

Here is the newest EW count for Litecoin. White resistance trend line is the key resistance here. As long as the price is still trending at current range and below the white resistance trend line, it's not the time to enter the market. But breaking out of this resistance trend line, will gain a momentum to test $56 range as well.

I very interesting though by RoseCrypto (@rosecryptochannel)

2017 - 2020 Same patterns - Bitcoin - ETH - Defi - ICO

History repeats itself

✳️ Green stage: ETH growth, DEFI craze, ICO craze, BTC sideway. BTC dominance drops, Altcoin season (especially for Defi/Ico projects)

🔴 Red stage: BTC bullrun, ETH correction, ICO/DEFI crash, BTC dominance going up.

At this stage:
BTC pump, Alts down
BTC dump, Alts down
Except for Few old projects.


🚺 Pink stage:
BTC top out
A new altcoins season happen.

Here is RUNE and as expected the head and shoulders pattern played out.

Price broke the neckline of the head and shoulders pattern (HS), tapped the $0.475 support level, went back up to test the HS neckline as resistance and then finally broke below $0.475.

It's not about we being bearish, it's about what the chart is saying. As a technical analyst you need to not be attached to any asset in any direction. That way you'll be objective.

RUNE like many assets on the market has made a new low and until we close above $0.55, this is a high risk investment asset.

https://www.tradingview.com/x/UTgDRFM1/

Still going as planned for ETH. We finally broke down from the rising channel. What we want to see is a touch of the green support.

After the green support we want to see price test $365 as resistance and then fall through to $330.

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

Seems like HOT/USD is fond of these head and shoulders patterns. Early this year we formed one that led to a -70% dump.

We've formed a similar pattern here and looks like we're headed back to 0.00035. We're looking at a -35% drop.

https://www.tradingview.com/x/k61soBgX/

$SUSHI (remember SUSHI?)

https://www.tradingview.com/chart/SUSHIUSDT/QjLIMWHP-SUSHI-Narratives-vs-Reality-Exit-scam-or-just-bad-economics/

A dose of Bitcoin from OnePoint

https://www.tradingview.com/x/A7JNmz6G/

Bitcoin : Perspective on the hourly time frame

Hello all, Happy Monday and it's a good day to start the week. Last week, the price has touched the $11000 zone before it's getting rejected to the $10800 ish region. The weekly candle has closed with a huge green candle after last week's doji candle which gives us a good indication. So, how will it be on the short term?

On the short term, the price is coming closer to the minor support zone at the $10800 ish. We have seen some sign of bounce from this zone with a type of long wick candle as the rejection sign toward lower region as well. If you take a closer look at this area, there are a possible sign of parallel channel to form during this pattern.

Another significant thing that we need to see the RSI indicator here where it prints another potential hidden bullish divergence on this 2 hours time frame which indicates a potential upside continuation. I feel like the price can go higher to test the $11500 region on short term to complete the X wave before we see further drop that we anticipated before as the Y wave.

Public Request (DOT/USDT)

Our first request is for DOT/USDT. Polkadot is an asset we shorted on August 27th and made good profit.

Looking at the 8H chart, it looks like we will be revisiting the second green support zone. It looks like we're forming the right shoulder of a potential head and shoulders pattern.

We have very immediate resistance at $4.77 which is pushing price down. We expect price to drop into the 1st green support zone, consolidate a bit to finish forming the right shoulder of the HS and then dump to $2.8 - $3.2.

RSI on the 8H is curving down, which means the selling pressure is very much active. Shorts should only be considered for DOT until price is able to close 8H above $4.77.

https://www.tradingview.com/x/5aBPQ70k/

Public Request (GOLD - XAU/USD)

Even though we've already analyzed Gold, it's great to go back to the chart and see if our bearish idea is still valid.

We've been bearing for some time now on Gold and even shorting it and the current chart makes the bearish idea still stand.

After dropping briefly below $1930, price climbed up to $1955 and once again we another deviation above this resistance.

Now price is back below $1955 and as long as we keep closing under it, we should be breaking down to $1910, then $1880, and then finally $1810.

Looks like we're even forming an HS on the 8H chart. If this 8H candle closes below $1950, we should see $1930 soon.

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

Public Request (BLZ/USDT)

In our opinion, BLZ should be avoided at all cost until price is able to close weekly above $0.181.

For now we see a very bearish chart that has price heading for $0.05 - $0.065 green support zone. The past few weeks has been bearish for BLZ and we expect an even aggressive drop in the coming weeks.

We're looking at a drop of between -35% to -50%. After that we'll probably see price bounce.

There is a general trend in the market - most assets that have pumped over 100% this year are retracing. BLZ has rallied a whooping +2900% this year alone.

So if price is retracing, it's a healthy thing as long as we are able to hold above key support areas to help price continue up after a good consolidation.

For now BLZ is only good for shorting. Investments should be put on hold until we reach support. This is a high risk investment asset now.

https://charts.cointrader.pro/snapshot/bR6lG

Public Request (XTZ/USDT)

XTZ is one asset we've been shorting on Phemex and didn't want to mention it but someone wants an analysis done on it.

After forming a bearish divergence on the weekly chart, XTZ became bearish and started dropping. Weekly support of $2.55 - $2.87 couldn't hold price and we've broken through. This was expected.

We're still shorting any significant bounces because based on the chart, price is heading for $1.5 - $1.67 (green support zone).

We've switched to the 3-day chart to gauge how the confirmation will work. We expect price to close 3D below $2.14 which will trigger the next dump phase to our final green zone.

We're looking at an extra -20% to -30% drop from here. The RSI hasn't formed any sort of bullish divergence so the possibility of falling is very high and as at this moment, XTZ is also a high risk investment asset.

Shorting is recommended.

Public Request (FET/USDT)

FET looks similar to many of the charts we've been looking at. Weekly is in a downtrend and it seems eyes are set on $0.037 - $0.045 green support.

We just closed the weekly right at the $0.066 without any bounce which means this support has failed. We should consolidate in the green region and if the bearish pressure is high, we may see wicks into the blue zone.

If you're invested in FET, then recommended to cut losses. This is because we're looking at a potential -40% drop from here to the green zone.

After that, the market will decide whether the asset is worth buying or not. Many assets die out and FET could be part.

So better to cut losses here, wait for price to drop and if the consolidation looks bullish, re-enter. For now, FET/USDT is a high risk investment asset.

Shorts are recommended.

https://www.tradingview.com/x/8HnlcMkY/

Public Request (FET/BTC)

This is the BTC pair for FET. Similar situation just like the USDT pair. However, in this case, looks like we're about entering the support zone.

We don't want to see price closing below the green support zone. If that happens we're looking at a serious capitulation to new lows.

The BTC pair can be considered safe for investment after it has consolidated bullishly in the green zone and closes above it. From there, target would be 0.00000872.

https://www.tradingview.com/x/k0xvKM7W/

Excellent!!! This is thorough technical analysis playing out. On September 18th we shared with everyone our bigger picture analysis we gave to our Whale Clients on 10th September.

Everything has played out to the very last detail and that's why we've been laddering shorts above $11000. All in all, the rising channel has served its purpose, we mentioned price touching the mid-line of the channel which by then would touch $11227 as resistance and then get rejected.

That's exactly what happened and as can be noticed, the rejection has been quite aggressive. Get ready because we're in for a big ride down to at least $8550 - $9600. Ultimately we're looking at the blue zone being tested once again which is around $6830 - $7537.

After today's daily close, we might expect a relief bounce to at most $10700 if bulls are lucky, but that will be another opportunity to short to new lows.

Remember, being hopeful does not change the direction of the market. You have to make sure the odds are in your favour. And to achieve that you need to do thorough analysis.

Open the chart, switch to the yearly time frame and move down to 30 minutes chart if you have to, use moving averages, RSI, MACD, Volume, anything that will help you get a better view of the market and where it is HINTING on heading and then trade in that direction.

This is what makes you a better trader. It means you're doing your best to minimize risk. Check with reliable traders who have an objective view and are not permabears or permabulls. Find holes in their analysis, correct them and apply it to your analysis.

Yes, if you want to make consistent profit, it's a lot of hard work. In no time you won't be needing someone to give you signals and when the most accurate trader makes a mistake, you'll notice.

Start now!

https://www.tradingview.com/x/pFo7oE8E/