$BTC/USDT In-depth Analysis

Chart, EMAs and SR levels

Focus area is the red box near the $35,XXX range. We have a weekly resistance from EMA 34 weekly and the bottom of the box is guarded by the 100 daily EMA. Crucial levels to be tested and need to be broken for a stronger confirmation of reversal. Price currently testing the 100 EMA level. Might see a rejection if volume is not significant.

Second focus is the wide dash green line. A strong support is built here and is corresponding to both the 4h and 1D SR levels. This might serve as the bottom of a new range. We got a TD9 early reversal confirmation on 26 June but I wouldn't mind entering the move a little late to reduce downside risk.

Third are the minor resistance levels from the 4h chart which could give scalpers a rough idea of ranges to play in. The red daily level plotted are potential targets for this move and I expect some healthy pullback from those pricelines.

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

Important dates

Its an open secret that Grayscale was the one who propped the price of bitcoin back up especially in the last 12 months with their excessive buying and market dominance. They hold about 3% of the total supply.

Now 17 July or 18 July, depending on where you live is probably the most important day as they unlock close to 16,000 bitcoins. This could lead to a cascading effect on the price of bitcoin and the larger market. I'm planning to exit most of my positions a day or two before the unlock and just sit with capital on the sidelines. If it holds the price, great, its a confirmation of people's confidence. If it starts crashing, I short it to the bottom. Simple as you like.

https://www.tradingview.com/x/Ull5sJuO/

$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.

Click on the link for TA
https://www.tradingview.com/x/ZMEweeYz/

I often get asked about my learning as a cryptocurrency trader. I'm assuming about 98% would say they are self-taught traders, and it's understandable because of the sheer lack of good educators out there. Don't get me wrong; the internet has SO much to offer, you forget what to look for. You'll need laser focus and probably will get exhausted without a mentor.

Back in 2016, when I barely knew a thing about the market, I met this man with over ten years of experience in financial markets, and to date is my guru. You cannot fight the market by yourself as a newbie. You NEED a mentor, and if there's someone, I would suggest is the man behind my success. This chart is 15 min, and any smaller would immediately know it's a gold mine with the perfect trend lines.You can access this for FREE for a week!

Live Chart : https://bit.ly/3A3MGRo

Note: Live chart needs to be refreshed and you'll get realtime updates.

We Hashed Plutus do not offer any paid services, but this is probably the best external learning resource we could recommend.

In the link below, you'll find a subscription plan to access his training which covers everything about the market updated daily. And I tell you it's totally worth it. You'll learn more by just watching his video explainers every day than you would have by reading a 10,000-word article.

Link to WinXSell Videos and Education: LectumBot

$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/