Forwarded from Chris
#CryptoChris
SOL/USDT
Update! As expected, we got a nice bounce off the Fibonacci Speed Fan, resulting in a 20%+ bounce
Stop loss can be moved to entry or into profit
We have significant resistance between $189 and $210
I will be looking to take profits within this zone
@vipclub_99
SOL/USDT
Update! As expected, we got a nice bounce off the Fibonacci Speed Fan, resulting in a 20%+ bounce
Stop loss can be moved to entry or into profit
We have significant resistance between $189 and $210
I will be looking to take profits within this zone
@vipclub_99
Forwarded from Chris
#CryptoChris
With price back at support and many people getting bearish, this seems like a recipe to reck all the shorts.
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vipclub_99
With price back at support and many people getting bearish, this seems like a recipe to reck all the shorts.
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vipclub_99
Forwarded from Chris
#CryptoChris
BTC/USD - As expected, with price near support and everybody getting overly bearish the pump looked inevitable
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vipclub_99
BTC/USD - As expected, with price near support and everybody getting overly bearish the pump looked inevitable
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vipclub_99
Forwarded from Chris
#CryptoChris
SNX/USDT - Update!
Price has broken out of the multi-month resistance, which is a positive sign for a trend reversal
The next level to watch is the daily resistance level of $6.59. I want to see the price close above this level to see further highs.
With a trade setup like this, it's best to scale in using spot and wait for confirmation first
My target is $8.99
Invalidation is if we fall below the previous lower high lo😚@VIPCLUB_99ed at $5.22
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vipclub_99
SNX/USDT - Update!
Price has broken out of the multi-month resistance, which is a positive sign for a trend reversal
The next level to watch is the daily resistance level of $6.59. I want to see the price close above this level to see further highs.
With a trade setup like this, it's best to scale in using spot and wait for confirmation first
My target is $8.99
Invalidation is if we fall below the previous lower high lo😚@VIPCLUB_99ed at $5.22
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vipclub_99
Forwarded from Chris
#CryptoChris
BTC/USD - Update! It's beautiful to see when an analysis plays out perfectly. As mentioned in yesterday's post, I anticipated a dip below yearly and monthly levels to grab liquidity which we got, and we are now seeing some reversal.
The levels to watch now is $47k and $48K, both daily Naked point of control
For now, it looks like the price is now within a smaller range, with the point of control at $47300
In my opinion, to see the $52K revisited, I would want to see the price rise and stay above the resistance levels mentioned.
BTC/USD - Update! It's beautiful to see when an analysis plays out perfectly. As mentioned in yesterday's post, I anticipated a dip below yearly and monthly levels to grab liquidity which we got, and we are now seeing some reversal.
The levels to watch now is $47k and $48K, both daily Naked point of control
For now, it looks like the price is now within a smaller range, with the point of control at $47300
In my opinion, to see the $52K revisited, I would want to see the price rise and stay above the resistance levels mentioned.
Forwarded from Chris
#CryptoChris
DOT/USDT - Price formed a Gartley pattern on the lower timeframes.
This pattern is a reversal pattern once price reaches point D.
Price did actually come back down to the 0.786 Fibonacci to where we would look for a bounce, but I will keep this pattern on my chart just in case we fall lower, which is around $24, which was previous support and a bounce there would form a Swing failure pattern at previous support
😚@VIPCLUB_99
DOT/USDT - Price formed a Gartley pattern on the lower timeframes.
This pattern is a reversal pattern once price reaches point D.
Price did actually come back down to the 0.786 Fibonacci to where we would look for a bounce, but I will keep this pattern on my chart just in case we fall lower, which is around $24, which was previous support and a bounce there would form a Swing failure pattern at previous support
😚@VIPCLUB_99
Forwarded from Chris
#CryptoChris
BTC/USD - Analysis
Looking at yesterday's area of rejection, it fell in line with the previous counter-trendline resistance that was formed before the drop on the 5th of January.
We have some potential support at the $41800 level as this is the range point of control drawn from the start of the trendline to the current price action + 0.618 Fibonacci level. Ideally, we want this area to hold. Otherwise, we could see to the bottom of the range
BTC/USD - Analysis
Looking at yesterday's area of rejection, it fell in line with the previous counter-trendline resistance that was formed before the drop on the 5th of January.
We have some potential support at the $41800 level as this is the range point of control drawn from the start of the trendline to the current price action + 0.618 Fibonacci level. Ideally, we want this area to hold. Otherwise, we could see to the bottom of the range
Forwarded from Chris
#CryptoChris
BTC/USD
Following on from yesterday's post, the resistance at $39K was easily broken as this level had been tapped many times
Price is now under resistance $42K, a significant level of many Support and resistance flips. A break here could lead the price to up to the $44300 daily level and possibly the upper trendline. The bigger trade to make is what proce does when we approach the bigger symmetrical triangle pattern
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BTC/USD
Following on from yesterday's post, the resistance at $39K was easily broken as this level had been tapped many times
Price is now under resistance $42K, a significant level of many Support and resistance flips. A break here could lead the price to up to the $44300 daily level and possibly the upper trendline. The bigger trade to make is what proce does when we approach the bigger symmetrical triangle pattern
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Forwarded from Chris
#CRYPTOCHRIS
Good morning - BTC update
Daily Chart
The daily level was the sticking point; that price failed to clear ($23300), which resulted in the price falling back to $22K and finding support on the range point value area high.
If this support fails, we have a lot of confluence between $20500 and $20900 for potential support
Fibonacci + Point of control and Weekly level are all located within this zone
Good morning - BTC update
Daily Chart
The daily level was the sticking point; that price failed to clear ($23300), which resulted in the price falling back to $22K and finding support on the range point value area high.
If this support fails, we have a lot of confluence between $20500 and $20900 for potential support
Fibonacci + Point of control and Weekly level are all located within this zone
Forwarded from Chris
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#CRYPTOCHRIS
ETH/USD
We got the bounce as expected. However, there wasn't any resistance at $1620, which invalidates the short for now.
Looking to see the reaction at $1700 as a level of interest
.
vipclub_99
#CRYPTOCHRIS
ETH/USD
We got the bounce as expected. However, there wasn't any resistance at $1620, which invalidates the short for now.
Looking to see the reaction at $1700 as a level of interest
.
vipclub_99