Phoenix ICF (Crypto)
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Ready to move up from this golden ratio support if btc doesnt interfere. Stop loss around 0.0280 is recommended if anyone is willing to enter this trade.
Forwarded from Phoenix ICF (Premium)
If it breaks this resistance around 220, then it will head towards 350 with another resistance around 275 on the way. Can be a good entry once it crosses 220.
Bullish crossover and fib support around 155 indicates a good entry here.
Buy; 155-160
ST1; 185
ST2; 210
ST3; 240
Stop Loss; 145
Forwarded from Phoenix ICF (BITMEX)
Short; 10945-10950
Targets; 10625-10325-10100
Stop Loss; 11240
Leverage; 5-10x
Ascending triangle is being formed which is a bullish pattern. If it crosses the 5200 level, then breakout will be confirmed and 5700 can be considered the first target.
Back to test its local support and can be bought around 120 with a short term target of 160 where it might face rejection from the trendline.
Forwarded from Phoenix ICF (Premium)
It might also move up from this golden ratio to 0.5 fib level if btc doesn’t mess up.
RSI is also oversold.
Looking at the 1d chart, the drawn trendline seems to be a good support for ETH and it is difficult for it to break 200. Also, on a smaller time frame, it is making a double bottom pattern which is bullish.
If BTC dumps to 9000 then this TA wont work and alts will bleed which might take ETH below 200.
$BTC update
The daily chart seems to form a falling wedge pattern along with 2 important support levels, 8800 and 7500, from where btc might take a bounce if it dumps now. Expected rejection price level is 10800 for now.
Forwarded from El Chapo
$LINK is about to test golden ratio support and we can open a trade close to 20100.
$LINK broke out from the mentioned support level! 25% Profit so far in premium!
Last 3 bitmex trades with 10x leverage:
$XRP - 50% Profit
$TRX - 52% Profit
$EOS - 25% Profit
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$BTC Update
Currently we can see Adam and Eve pattern formation on 4h chart and it is on the verge of breakout confirmation which can also act as the resistance. If pattern confirmation happens then btc might move as described by the arrows. Otherwise we’ll see 10000 again.
After Adam and Eve pattern breakout we expected it to get rejected from the mentioned trendline and come back again for a retest. It moved exactly that way.
Bearish pattern in formation on 1d chart and in the coming days I see BTC close to 7400. 9350 is the deciding level for descending triangle break down.