👑#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
👍2😁1
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
👍1
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
👍1
UNI/USDT
Kumo breakout, cloud's top touch. Bounce here will be the confirmation of trend reversal. Not a single alt call got stopped, and right now pretty much everything is at support - great R/R opportunities on most alts. If you felt like you missed out on something and didn't want to chase the pump couple of weeks ago, now's the time to get in.
Kumo breakout, cloud's top touch. Bounce here will be the confirmation of trend reversal. Not a single alt call got stopped, and right now pretty much everything is at support - great R/R opportunities on most alts. If you felt like you missed out on something and didn't want to chase the pump couple of weeks ago, now's the time to get in.
Entry: 8.11
SL: 7.49
TP1: 11.95
TP2: 13.79
https://s3.tradingview.com/snapshots/f/FCE6UR8M.pngUNI, ETC, WOO, SNX stopped out on the latest crash few days ago. ETC one was annoying - at this point looks like a stop run, another cloud's top retest, liquidity tapped. Rebought because the merge is still happening, the narrative remains the same. Will sell if the daily actually closes below SL.
https://s3.tradingview.com/snapshots/8/8Wxv7JzO.png
https://s3.tradingview.com/snapshots/8/8Wxv7JzO.png
ATOM update:
Moved TP1 from $16 to $15.30. Just taking profits at cloud's top, which is currently at 15.30.
Now: https://s3.tradingview.com/snapshots/n/njJoIW3W.png
Entry: https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002182065028083783
Moved TP1 from $16 to $15.30. Just taking profits at cloud's top, which is currently at 15.30.
Now: https://s3.tradingview.com/snapshots/n/njJoIW3W.png
Entry: https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002182065028083783
ATOM update:
And it's hit. And even overshot it. Could have kept at 16.
53% up from entry right now. Public call.
Now: https://s3.tradingview.com/snapshots/7/7cSvb69o.png
Entry: https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002182065028083783
And it's hit. And even overshot it. Could have kept at 16.
53% up from entry right now. Public call.
Now: https://s3.tradingview.com/snapshots/7/7cSvb69o.png
Entry: https://s3.tradingview.com/snapshots/c/cgYh7vhp.png
Call link: https://discord.com/channels/690955085127221308/691823346010292245/1002182065028083783
👑#BTC update:
Sorry for the lack of updates - BTC has just been consolidating for a couple of months now.
SP500 has completed the weekly cloud's edge to edge trade. Touched the bottom edge and bounced. Disregarding the 2020 March black swan event, the cloud's bottom has been holding as support for over 13 years now. The last time a bottom edge bounce happened was during 2018 December - pretty much the exact bottom of the previous cycle's BTC bear market. Something to keep in mind.
On a personal note, for me it's difficult to see why the majority still expect a crash to 12-14k. The capitulation has already happened. It was the 3AC liquidation even. Ever since then, the lack of liquidity, the "dead market" conditions have been identical to 2018 post 3k crash PA. Of course, nobody can tell the future, at this point expecting more downside seems like such a crowded trade. If everyone expects something to happen, you can be pretty sure it's not going to. Betting on the bottom being here. ETH, SOL, ATOM, CRV, MATIC, SUSHI, UNI bags are loaded. If we die, we die.
https://s3.tradingview.com/snapshots/d/Di0il7n9.png
Sorry for the lack of updates - BTC has just been consolidating for a couple of months now.
SP500 has completed the weekly cloud's edge to edge trade. Touched the bottom edge and bounced. Disregarding the 2020 March black swan event, the cloud's bottom has been holding as support for over 13 years now. The last time a bottom edge bounce happened was during 2018 December - pretty much the exact bottom of the previous cycle's BTC bear market. Something to keep in mind.
On a personal note, for me it's difficult to see why the majority still expect a crash to 12-14k. The capitulation has already happened. It was the 3AC liquidation even. Ever since then, the lack of liquidity, the "dead market" conditions have been identical to 2018 post 3k crash PA. Of course, nobody can tell the future, at this point expecting more downside seems like such a crowded trade. If everyone expects something to happen, you can be pretty sure it's not going to. Betting on the bottom being here. ETH, SOL, ATOM, CRV, MATIC, SUSHI, UNI bags are loaded. If we die, we die.
https://s3.tradingview.com/snapshots/d/Di0il7n9.png
👑#BTC update:
Well, the weekly cloud's bottom once again held as support for SP500, while the FTX collapse pushed crypto lower. Stocks touched resistance last week - very precise chart.
The next FOMC meeting is on Dec 13-14. The bond market is currently pricing in a 78.2% chance of a 50 bps rate hike. After 4 consecutive 75 bps rate hikes, 50 bps now would be the first tangible sign that the Fed is actually slowing down. The situation seems pretty straightforward - if it's 50 bps, market continues front running the pivot, breaks the resistance. If it's 75 basis points, it becomes clear that Fed statements about slowing down are not to be trusted, the market crashes. We should see some volatility on Tuesday.
https://s3.tradingview.com/snapshots/u/umfubQYv.png
Well, the weekly cloud's bottom once again held as support for SP500, while the FTX collapse pushed crypto lower. Stocks touched resistance last week - very precise chart.
The next FOMC meeting is on Dec 13-14. The bond market is currently pricing in a 78.2% chance of a 50 bps rate hike. After 4 consecutive 75 bps rate hikes, 50 bps now would be the first tangible sign that the Fed is actually slowing down. The situation seems pretty straightforward - if it's 50 bps, market continues front running the pivot, breaks the resistance. If it's 75 basis points, it becomes clear that Fed statements about slowing down are not to be trusted, the market crashes. We should see some volatility on Tuesday.
https://s3.tradingview.com/snapshots/u/umfubQYv.png
👑#BTC update:
7.1% CPI announced (expected 7.3%). 50 basis points pretty much confirmed. Looks like the SPY trendline's getting broken.
https://s3.tradingview.com/snapshots/6/6jNqiwaf.png
7.1% CPI announced (expected 7.3%). 50 basis points pretty much confirmed. Looks like the SPY trendline's getting broken.
https://s3.tradingview.com/snapshots/6/6jNqiwaf.png