👑#BTC update:
Resistance reached. Neckline of the potential Adam & Eve bottom. In my opinion, an important point in time here.
Breaking through $21800 -> Adam and Eve bottom confirmation, almost no resistance levels right until $28k.
Rejection here -> more ranging, closest support being around $20k.
In any case, if you're still degen long here, you're playing with fire. The time to reopen longs will be after the A&E neckline break.
https://s3.tradingview.com/snapshots/3/3D4HoS1Q.png
Resistance reached. Neckline of the potential Adam & Eve bottom. In my opinion, an important point in time here.
Breaking through $21800 -> Adam and Eve bottom confirmation, almost no resistance levels right until $28k.
Rejection here -> more ranging, closest support being around $20k.
In any case, if you're still degen long here, you're playing with fire. The time to reopen longs will be after the A&E neckline break.
https://s3.tradingview.com/snapshots/3/3D4HoS1Q.png
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👑#BTC update:
Still consolidating on the line mentioned before. The next move will decide further direction. Probably coming on Monday, when the stock market opens.
https://s3.tradingview.com/snapshots/7/7giVkqbN.png
Still consolidating on the line mentioned before. The next move will decide further direction. Probably coming on Monday, when the stock market opens.
https://s3.tradingview.com/snapshots/7/7giVkqbN.png
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👑#BTC update:
And we're back inside the range. Hope you listened and weren't longing at the top. Kumo twist attracts the price. If you have spare cash, it's a good idea to layer some buys around 19500-20000. If the price bounces before reaching these levels, a safe place to long again would be around 22k.
https://s3.tradingview.com/snapshots/l/liCDtNkW.png
And we're back inside the range. Hope you listened and weren't longing at the top. Kumo twist attracts the price. If you have spare cash, it's a good idea to layer some buys around 19500-20000. If the price bounces before reaching these levels, a safe place to long again would be around 22k.
https://s3.tradingview.com/snapshots/l/liCDtNkW.png
👑#BTC update:
20k touched. Starting to rebuy here. Layered buys from here to $19500. No stoploss, just happy to increase the BTC stack a bit.
https://s3.tradingview.com/snapshots/o/olgmDcsE.png
20k touched. Starting to rebuy here. Layered buys from here to $19500. No stoploss, just happy to increase the BTC stack a bit.
https://s3.tradingview.com/snapshots/o/olgmDcsE.png
👑#BTC update:
Last bids filled, waiting for the bounce after the CPI print tomorrow. 😎
https://s3.tradingview.com/snapshots/u/UDCrKvz9.png
Last bids filled, waiting for the bounce after the CPI print tomorrow. 😎
https://s3.tradingview.com/snapshots/u/UDCrKvz9.png
👑#BTC update:
Price rises in anticipation of some event - dumps after the event has passed.
Price crashes in anticipation of some event - bounces after the event has passed.
Always been this way. Surprised more people didn't expect a bounce after the bearish CPI numbers. Anyway, closest resistance is at the same level, between 21500 and 21800. Will sell around there.
https://s3.tradingview.com/snapshots/p/PeFnRHQa.png
Price rises in anticipation of some event - dumps after the event has passed.
Price crashes in anticipation of some event - bounces after the event has passed.
Always been this way. Surprised more people didn't expect a bounce after the bearish CPI numbers. Anyway, closest resistance is at the same level, between 21500 and 21800. Will sell around there.
https://s3.tradingview.com/snapshots/p/PeFnRHQa.png
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👑#BTC update:
ETH just broke out of its range, tons of altcoins are starting to push past their resistance levels.
European Central Bank is starting an unlimited bonds buying program next week - essentially printing money out of thin air to throw into the market. I don't know how FED will react, but central banks usually move in unison, and dollar being too strong is bad for America's exports. It looks like the only thing they can do is flood the market with money.
I've already said that we might reverse here, and now it's obvious. I'd still stay away from leverage, expect volatility. Alts got rekt so hard, 50% moves seem insignificant on the chart. But if there ever was a time to sell your worldly possessions, max out your credit card and go all in shitcoins, it is now. (not joking)
It's still a good idea to take profits at resistance levels, and who knows, you might even get better entries later than they are now. The point is, don't ignore the changing macro conditions.
https://s3.tradingview.com/snapshots/3/36AxQFUc.png
https://finance.yahoo.com/news/ecb-bond-tool-seen-having-040000033.html
https://cryptohayes.medium.com/a-samurai-a-knight-and-a-yankee-211bf975a31d
ETH just broke out of its range, tons of altcoins are starting to push past their resistance levels.
European Central Bank is starting an unlimited bonds buying program next week - essentially printing money out of thin air to throw into the market. I don't know how FED will react, but central banks usually move in unison, and dollar being too strong is bad for America's exports. It looks like the only thing they can do is flood the market with money.
I've already said that we might reverse here, and now it's obvious. I'd still stay away from leverage, expect volatility. Alts got rekt so hard, 50% moves seem insignificant on the chart. But if there ever was a time to sell your worldly possessions, max out your credit card and go all in shitcoins, it is now. (not joking)
It's still a good idea to take profits at resistance levels, and who knows, you might even get better entries later than they are now. The point is, don't ignore the changing macro conditions.
https://s3.tradingview.com/snapshots/3/36AxQFUc.png
https://finance.yahoo.com/news/ecb-bond-tool-seen-having-040000033.html
https://cryptohayes.medium.com/a-samurai-a-knight-and-a-yankee-211bf975a31d
👑#BTC update:
Unsurprisingly, BTC follows the rest of the market. $21800 resistance now broken through.
There are absolutely no resistance levels right until 28-29k. If you're one of those people that still wait for a "black swan" crash to 15k - good luck with that. In this situation, the longer you wait, the higher you'll buy.
https://s3.tradingview.com/snapshots/n/N5Hshaq7.png
Unsurprisingly, BTC follows the rest of the market. $21800 resistance now broken through.
There are absolutely no resistance levels right until 28-29k. If you're one of those people that still wait for a "black swan" crash to 15k - good luck with that. In this situation, the longer you wait, the higher you'll buy.
https://s3.tradingview.com/snapshots/n/N5Hshaq7.png
Chart Kitchen pinned «👑#BTC update: ETH just broke out of its range, tons of altcoins are starting to push past their resistance levels. European Central Bank is starting an unlimited bonds buying program next week - essentially printing money out of thin air to throw into the…»
Not really a 👑#BTC update, but a lot of alts are on resistance here. Market might dip for the next couple of days. Opportunity to decrease positions and rebuy cheaper.
https://s3.tradingview.com/snapshots/o/O3zNDtCA.png
https://s3.tradingview.com/snapshots/o/O3zNDtCA.png
BREAKING: Tesla, $TSLA earning reports reveals they sold 75% of their Bitcoin worth $936 million.
Always nice when the FUD is released right on resistance. Hope ya listened. Lots of alts have already crashed quite a lot - use your own discresion rebuying.
https://www.tradingview.com/x/Jarhjeju/
Always nice when the FUD is released right on resistance. Hope ya listened. Lots of alts have already crashed quite a lot - use your own discresion rebuying.
https://www.tradingview.com/x/Jarhjeju/
TradingView
BINANCE:BTCUSDT Chart Image by evilgang
👑#BTC update:
Support found. It's a good idea to rebuy your alts, if you haven't yet.
https://s3.tradingview.com/snapshots/j/JKn96Azo.png
Support found. It's a good idea to rebuy your alts, if you haven't yet.
https://s3.tradingview.com/snapshots/j/JKn96Azo.png
👑#BTC update:
Bought alts back a bit too soon. Too bad. Still, everything points towards reversal. The capitulation volume on the weekly, rainbow chart bottom band touch, pi cycle bottom, both NASDAQ and SP500 bouncing from the weekly 200 EMA, ECB yield control policy making sure were back to risk-on market. I don't think anything has changed in the last couple of days.
https://s3.tradingview.com/snapshots/p/pT9C6ELH.png
Bought alts back a bit too soon. Too bad. Still, everything points towards reversal. The capitulation volume on the weekly, rainbow chart bottom band touch, pi cycle bottom, both NASDAQ and SP500 bouncing from the weekly 200 EMA, ECB yield control policy making sure were back to risk-on market. I don't think anything has changed in the last couple of days.
https://s3.tradingview.com/snapshots/p/pT9C6ELH.png
🔥New public call posted on Chart Kitchen.🔥
❗️📣 AAVE/USDT 🔔❗️
Cloud's edge was acting as resistance, which is now breached, as TK is crossing bullish. Edge to edge trade. First TP - daily 200EMA, which I'm assuming will be around 130 at that point. Second TP - cloud's top. Third next flat zone on the cloud, in case it overshoots. Taking off most at TP2.
https://s3.tradingview.com/snapshots/h/haPVixPL.png
❗️📣 AAVE/USDT 🔔❗️
Cloud's edge was acting as resistance, which is now breached, as TK is crossing bullish. Edge to edge trade. First TP - daily 200EMA, which I'm assuming will be around 130 at that point. Second TP - cloud's top. Third next flat zone on the cloud, in case it overshoots. Taking off most at TP2.
Entry: 92.3
SL: 76.1
TP1: 130.0
TP2: 153.2
TP3: 163.0
https://s3.tradingview.com/snapshots/h/haPVixPL.png
🔥New public call posted on Chart Kitchen.🔥
❗️📣 ATOM/USDT 🔔❗️
The exact same setup as AAVE. Bullish TK cross, cloud entry, edge to edge trade. Taking off most at TP2 - cloud's top. SL is a bit tight, but hopefully it'll be fine.
https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
❗️📣 ATOM/USDT 🔔❗️
The exact same setup as AAVE. Bullish TK cross, cloud entry, edge to edge trade. Taking off most at TP2 - cloud's top. SL is a bit tight, but hopefully it'll be fine.
Entry: 10.652
SL: 8.999
TP1: 16.000
TP2: 19.410
TP3: 20.110
https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
Chart Kitchen
👑#BTC update: ETH just broke out of its range, tons of altcoins are starting to push past their resistance levels. European Central Bank is starting an unlimited bonds buying program next week - essentially printing money out of thin air to throw into the…
Called it. Posted right as the trend reversed, when the absolute majority were convinced 15k is inevitable. Can you feel the sentiment changing?
🔥New public call posted on Chart Kitchen.🔥
❗️📣 COMP/USDT 🔔❗️
Bull TK cross, daily cloud entry, edge to edge trade. Common setup nowadays. TP1 is there only to provide an opportunity to rebuy cheaper.
Entry: 60.10
SL: 46.50
TP1: 69.90
TP2: 100.00
https://s3.tradingview.com/snapshots/f/FcTAPJUz.png
❗️📣 COMP/USDT 🔔❗️
Bull TK cross, daily cloud entry, edge to edge trade. Common setup nowadays. TP1 is there only to provide an opportunity to rebuy cheaper.
Entry: 60.10
SL: 46.50
TP1: 69.90
TP2: 100.00
https://s3.tradingview.com/snapshots/f/FcTAPJUz.png
🔥New public call posted on Chart Kitchen.🔥
❗️📣 WOO/USDT 🔔❗️
Bull TK cross, cloud entry, e2e trade. Typical setup. Symmetrical triangle breakout on the BTC pair. SL is quite wide but the R/R still makes it worthwhile.
Entry: 0.2235
SL: 0.1690
TP1: 0.3750
TP2: 0.3950
https://s3.tradingview.com/snapshots/o/oUlNN1oD.png
❗️📣 WOO/USDT 🔔❗️
Bull TK cross, cloud entry, e2e trade. Typical setup. Symmetrical triangle breakout on the BTC pair. SL is quite wide but the R/R still makes it worthwhile.
Entry: 0.2235
SL: 0.1690
TP1: 0.3750
TP2: 0.3950
https://s3.tradingview.com/snapshots/o/oUlNN1oD.png
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ETC/USDT
Kumo breakout + cloud's top retest. Hold on to this one - ETH merge is supposed to happen in September, PoW miners will be forced to move elsewhere. ETC is the obvious choice - highest hashrate of all ETH competitors. Institutional miners won't be mining microcaps. Bitmain has already announced their plans to move to ETC. TPs are there only to provide an opportunity to rebuy cheaper.
https://s3.tradingview.com/snapshots/d/dnnw91a2.png
Kumo breakout + cloud's top retest. Hold on to this one - ETH merge is supposed to happen in September, PoW miners will be forced to move elsewhere. ETC is the obvious choice - highest hashrate of all ETH competitors. Institutional miners won't be mining microcaps. Bitmain has already announced their plans to move to ETC. TPs are there only to provide an opportunity to rebuy cheaper.
Entry: 36.25
SL: 31.90
TP1: 49.99
TP2: 59.90
https://s3.tradingview.com/snapshots/d/dnnw91a2.png
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COMP update:
💰🔥 TP1 hit! 🔥💰
First TP hit, 16% up, call from 12 days ago. Slowly grinding up. Middle of the cloud - temporary resistance, still expecting to complete the e2e to 100. Feel free to rebuy. Public call.
Now: https://s3.tradingview.com/snapshots/f/FpgU6Mwc.png
Entry: https://s3.tradingview.com/snapshots/f/FcTAPJUz.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002970981087854753
💰🔥 TP1 hit! 🔥💰
First TP hit, 16% up, call from 12 days ago. Slowly grinding up. Middle of the cloud - temporary resistance, still expecting to complete the e2e to 100. Feel free to rebuy. Public call.
Now: https://s3.tradingview.com/snapshots/f/FpgU6Mwc.png
Entry: https://s3.tradingview.com/snapshots/f/FcTAPJUz.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002970981087854753
👑#BTC update:
Continuous higher highs and higher lows - slowly grinding up for 2 months now. In the daily cloud, with the upper edge at 30299 USD. Right on the cloud's bottom edge at the moment, while most alts are on support. Logical place for a bounce. Probably another higher low is getting formed here.
https://s3.tradingview.com/snapshots/9/9PQFLqkI.png
Continuous higher highs and higher lows - slowly grinding up for 2 months now. In the daily cloud, with the upper edge at 30299 USD. Right on the cloud's bottom edge at the moment, while most alts are on support. Logical place for a bounce. Probably another higher low is getting formed here.
https://s3.tradingview.com/snapshots/9/9PQFLqkI.png
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