Forwarded from Plutus Capital
Closed our long scalps and started gradually shorting some of the majors. Considering we;re entering at resistance zones, these trades are low risk.
We're expecting the big head and shoulders to play out. We'll be loading up shorts for ETH from here till $360.
Don't lose sight of the bigger picture. Not until we move higher. If ETH stop is hit, then we'd consider $500 on the table and start looking for longs.
https://www.tradingview.com/x/SLdy3gQZ/
We're expecting the big head and shoulders to play out. We'll be loading up shorts for ETH from here till $360.
Don't lose sight of the bigger picture. Not until we move higher. If ETH stop is hit, then we'd consider $500 on the table and start looking for longs.
https://www.tradingview.com/x/SLdy3gQZ/
Forwarded from Plutus Capital
Doing same for BTC. Even though we're still swing short from $12300, we've been taking profit lower and are adding more shorts in this resistance level. The highest we'll expect BTC to go is a wick to $10820.
Just like ETH, we expect BTC to start facing some resistances here. A close above $10820 and we'll start looking for longs.
This is a swing trade with target at $9600 and $8500.
https://www.tradingview.com/x/J39RK7vn/
Just like ETH, we expect BTC to start facing some resistances here. A close above $10820 and we'll start looking for longs.
This is a swing trade with target at $9600 and $8500.
https://www.tradingview.com/x/J39RK7vn/
Forwarded from Plutus Capital
If you're not already short, then this might be to your liking. Also something for the EW lovers.
We don't use EW in our analysis but once in a blue moon we reference it. In this case we're using EW because of the Fib tool. The Fib tool is something we use a lot.
We ca see that BTC just did a 61.8% retrace of the move down. Now we'd expect price to continue down.
If you're conservative, short after breaking below the 50% Fib line.
https://www.tradingview.com/x/yRtOjMFx/
We don't use EW in our analysis but once in a blue moon we reference it. In this case we're using EW because of the Fib tool. The Fib tool is something we use a lot.
We ca see that BTC just did a 61.8% retrace of the move down. Now we'd expect price to continue down.
If you're conservative, short after breaking below the 50% Fib line.
https://www.tradingview.com/x/yRtOjMFx/
Forwarded from Plutus Capital
Those who are conservative should have gotten their shorts filled in. Before the 12H close, price tried to pull a quick bullish move up but bears were strong enough to halt any significant up moves.
The attempt however caused some anomalies in some assets such as ADA but the general market is still exhibiting some bearish signs. Looks like bulls couldn't do anything to save the day.
Now $10646 has become a crucial level that bears need to defend. The next step is to close 1H or better 4H below $10547. The moment this happens, bears have total control of the market again. All bears need to do is defend $10646 until we close below $10547.
https://www.tradingview.com/x/53liMw0q/
The attempt however caused some anomalies in some assets such as ADA but the general market is still exhibiting some bearish signs. Looks like bulls couldn't do anything to save the day.
Now $10646 has become a crucial level that bears need to defend. The next step is to close 1H or better 4H below $10547. The moment this happens, bears have total control of the market again. All bears need to do is defend $10646 until we close below $10547.
https://www.tradingview.com/x/53liMw0q/
Forwarded from Wolf Crypto News
If you thought NEO was going to launch a product without fucking it up...I have a bridge to sell you.
Rumor is the laptop running their 7 nodes ran out of batteries and when they tried to boot it back up, they got a Windows activation error. Da Hongfei tried to use an activation crack which just infected the whole system and now they're trying to move the VM's over to his Macbook, but they don't have a license for VMware for Mac, only for Windows, and they can't find a crack on the Internet.
More to come on that soon! /s
Rumor is the laptop running their 7 nodes ran out of batteries and when they tried to boot it back up, they got a Windows activation error. Da Hongfei tried to use an activation crack which just infected the whole system and now they're trying to move the VM's over to his Macbook, but they don't have a license for VMware for Mac, only for Windows, and they can't find a crack on the Internet.
More to come on that soon! /s
Forwarded from ICO Drops - ICO News & Alerts
Cryptocurrency Exchange KuCoin Hacked.
A lot of Bitcoin, Ethereum, and other cryptocurrency left the exchange all at once. About $150 million worth, actually.
https://decrypt.co/43015/cryptocurrency-exchange-kucoin-likely-hacked-reports
https://www.kucoin.com/news/en-kucoin-security-incident-update
A lot of Bitcoin, Ethereum, and other cryptocurrency left the exchange all at once. About $150 million worth, actually.
https://decrypt.co/43015/cryptocurrency-exchange-kucoin-likely-hacked-reports
https://www.kucoin.com/news/en-kucoin-security-incident-update
Decrypt
Cryptocurrency Exchange KuCoin Hacked, $150 Million Moved
A lot of Bitcoin, Ethereum, and other cryptocurrency left the exchange all at once. About $150 million worth, actually.
Forwarded from Plutus Capital
Our ETH short got more fills in the red zone. Now all we need is for price to get back below the green support zone on this 1H chart to gain more bearish strength.
We still think we're seeing distribution here because we recently broke below a rising wedge.
https://www.tradingview.com/x/plmSV3ES/
We still think we're seeing distribution here because we recently broke below a rising wedge.
https://www.tradingview.com/x/plmSV3ES/
Forwarded from Plutus Capital
LTC short is also fully filled as we hit resistance at $46.5. This is the 4H chart and we can have confidence that price will drop because of the rising wedge.
Rising wedges are bearish patterns that lead to price continuing a down trend. In the case of LTC, we have been down trending for a while now and finally broke $45.5 as support.
Now, after a level is broken as support, price mostly comes back to test it again to see if it holds as resistance, if it holds then price continues down.
There are instances where the breakdown would be just a fakeout so we would see price do a V-Shape recovery back above the broken support.
V-shapes mostly happen quickly and their patterns for rising back up are not bearish. For LTC, we see a rising wedge pattern as we rose to retest $46.5 which means price will still continue downward. This is not a V-Shape recovery.
After the breakdown, we're looking for price to stall a bit at the green support zone ($43 - $43.45) before finally breaking it. If the move down is very strong then we'll just break through it at a go.
https://www.tradingview.com/x/4tnauzPw/
Rising wedges are bearish patterns that lead to price continuing a down trend. In the case of LTC, we have been down trending for a while now and finally broke $45.5 as support.
Now, after a level is broken as support, price mostly comes back to test it again to see if it holds as resistance, if it holds then price continues down.
There are instances where the breakdown would be just a fakeout so we would see price do a V-Shape recovery back above the broken support.
V-shapes mostly happen quickly and their patterns for rising back up are not bearish. For LTC, we see a rising wedge pattern as we rose to retest $46.5 which means price will still continue downward. This is not a V-Shape recovery.
After the breakdown, we're looking for price to stall a bit at the green support zone ($43 - $43.45) before finally breaking it. If the move down is very strong then we'll just break through it at a go.
https://www.tradingview.com/x/4tnauzPw/
Deadcat bounce in overall Alts market. More detail here 👇
#LINK is leading market and great example to review 👇
https://tradingsim.com/blog/dead-cat-bounce/
#LINK is leading market and great example to review 👇
https://tradingsim.com/blog/dead-cat-bounce/
Tradingsim
How to Trade the Dead Cat Bounce | TradingSim
Learn how to spot and trade the dead cat bounce pattern. When day trading, this setup will often show up right after the first hour of trading.
Forwarded from Plutus Capital
Remember our DOT/USDT analysis on 21st September? Everything is going according to plan. Clients added to more shorts when price bounced to test the $4.47 support as resistance.
What we're seeing across board in most markets is just dead cat bounce and nothing more. We are waiting for DOT/USDT to drop even further to the second green zone before finally taking all profit.
https://www.tradingview.com/x/OdgwNoFb/
What we're seeing across board in most markets is just dead cat bounce and nothing more. We are waiting for DOT/USDT to drop even further to the second green zone before finally taking all profit.
https://www.tradingview.com/x/OdgwNoFb/
Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)
Audio
Thoughts on RFUEL, Bonds and the next few weeks in financial markets. Grab your headphones and give it a listen.
Woah feels super badass to see Bitcoin follow the bonds. Now you know why I dropped an audio instead of a lengthy text
Forwarded from Plutus Capital
Like we said already, you shouldn't be picking up BTC with long term targets in mind. Only aim to scalp a few hundred dollars or profit trail your trades.
BTC dumps, moves up gradually and suddenly drops again. This should highlight where strength actually lies which is with the bears.
Price action is still looking bearish. Price went up to allow us fill our shorts and then move down rapidly. We can see another deviation above $10835 on the 4H chart.
Price is back at the key support area ($3620 - $3670) and as usual we're seeing bulls stepping in. There are 2 scenarios that could play out here for downward continuation.
The black arrow scenario suggests we'll go up to do a bearish retest at $10772 to form a potential head and shoulders before continuing down.
Or the pink arrow scenario where we just fall through here without moving up significantly. Nearest target for any down moves is $10280.
Market Makers will keep distributing and loading up shorts as retailers hope for a bull run and keep buying every support. They are very patient, you need not fall to their schemes.
If you want to be convinced we're going to new highs, wait for when we start closing daily above $11000. Even then, you have to be careful.
On another note, we're back below every single EMA on the 4H, that gives more strength to the bears.
https://www.tradingview.com/x/VhqZDVGy/
BTC dumps, moves up gradually and suddenly drops again. This should highlight where strength actually lies which is with the bears.
Price action is still looking bearish. Price went up to allow us fill our shorts and then move down rapidly. We can see another deviation above $10835 on the 4H chart.
Price is back at the key support area ($3620 - $3670) and as usual we're seeing bulls stepping in. There are 2 scenarios that could play out here for downward continuation.
The black arrow scenario suggests we'll go up to do a bearish retest at $10772 to form a potential head and shoulders before continuing down.
Or the pink arrow scenario where we just fall through here without moving up significantly. Nearest target for any down moves is $10280.
Market Makers will keep distributing and loading up shorts as retailers hope for a bull run and keep buying every support. They are very patient, you need not fall to their schemes.
If you want to be convinced we're going to new highs, wait for when we start closing daily above $11000. Even then, you have to be careful.
On another note, we're back below every single EMA on the 4H, that gives more strength to the bears.
https://www.tradingview.com/x/VhqZDVGy/
Another perspective by OnePoint
https://www.tradingview.com/x/5CdcDnNx/
Bitcoin : Perspective on the daily, another consolidation
During the market cycle, there are 4 phases that all the type of the market to go through. They are the accumulation, mark up, distribution and Decline. During the decline phase usually there is a mini distribution which makes a lot of uncertainty occurring at this phase.
From my perspective on this market, the price may be trending at this mini distribution phase which I've anticipated at the previous paragraph. Price is trending at this triangle which volatility is getting lower and lower over time. During this distribution zone, the coins are slowly being sold by the seller but the buyer are having another buy the dip too. While the price comes closer to the APEX, there will be a constant war between the bulls and the bears where a lot of faking out moves will occurs.
Another factor that is important is on the RSI which is now trending at the neutral zone between the 40 and 60 level and the size of the MACD histogram which is shorter than the previous average histogram that has occurred previously. We'll see a huge wick type of candle as the possible manipulation whenever the price is trending closer at the APEX of this triangle.
I see a potential upside moves in the short term to the $11800 region before the price claims lower to the blue region at $9400 region.
https://www.tradingview.com/x/5CdcDnNx/
Bitcoin : Perspective on the daily, another consolidation
During the market cycle, there are 4 phases that all the type of the market to go through. They are the accumulation, mark up, distribution and Decline. During the decline phase usually there is a mini distribution which makes a lot of uncertainty occurring at this phase.
From my perspective on this market, the price may be trending at this mini distribution phase which I've anticipated at the previous paragraph. Price is trending at this triangle which volatility is getting lower and lower over time. During this distribution zone, the coins are slowly being sold by the seller but the buyer are having another buy the dip too. While the price comes closer to the APEX, there will be a constant war between the bulls and the bears where a lot of faking out moves will occurs.
Another factor that is important is on the RSI which is now trending at the neutral zone between the 40 and 60 level and the size of the MACD histogram which is shorter than the previous average histogram that has occurred previously. We'll see a huge wick type of candle as the possible manipulation whenever the price is trending closer at the APEX of this triangle.
I see a potential upside moves in the short term to the $11800 region before the price claims lower to the blue region at $9400 region.
#Bitcoin Difficulty Ribbon Compression is trending up and broke out of the green buy zone for the first time since March.
Historically, these have been periods characterized by a positive momentum indicating significant $BTC price increases.
Historically, these have been periods characterized by a positive momentum indicating significant $BTC price increases.
Forwarded from Plutus Capital
We've been shorting DOT over and over again, and once again the chart is telling us we'll finally get the drop to our second green zone.
If you're already not in a short, then this is a great short setup. Price is moving in an ascending channel on the 4H time frame. We expect price to break down.
We're looking at about -30% drop from here.
https://www.tradingview.com/x/Z1sc5yL5/
If you're already not in a short, then this is a great short setup. Price is moving in an ascending channel on the 4H time frame. We expect price to break down.
We're looking at about -30% drop from here.
https://www.tradingview.com/x/Z1sc5yL5/