It is February 1st, 2019
BTC dominance is currently at 53.4% (+0.1%). The total market cap is currently at $114.5 billion (+ $0.5 billion). The market volume of the last 23h was $16.8 billion (- $0.5 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/DrNMwa5d/
Very good daily rejection that gives us positive sign for our long position that is still opened aiming for close above 3500 as confirmation. We are targeting 3700-3800 area and if 3500 gets reclaimed, we can easily see the move to our target area.
We will monitor price action and if turns bearish we will act accordingly to that.
To your success, CS Team!
BTC dominance is currently at 53.4% (+0.1%). The total market cap is currently at $114.5 billion (+ $0.5 billion). The market volume of the last 23h was $16.8 billion (- $0.5 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/DrNMwa5d/
Very good daily rejection that gives us positive sign for our long position that is still opened aiming for close above 3500 as confirmation. We are targeting 3700-3800 area and if 3500 gets reclaimed, we can easily see the move to our target area.
We will monitor price action and if turns bearish we will act accordingly to that.
To your success, CS Team!
It is Debruary 2nd, 2019
BTC dominance is currently at 53.3% (-0.1%). The total market cap is currently at $114.3 billion (- $0.2 billion). The market volume of the last 24h was $15.3 billion (- $1.5 billion).
Technnical analysis
Daily time frame : https://www.tradingview.com/x/ipgQljfU/
It is still holding at the support and we are still anticipating the move up. More we hold on the support, more chance for up move because previous bearishness of the last move is dying more and more as time goes on.
But we are expecting the move up already 3-4 days but it is not happening yet so that's a little bit conserning but as the risk reward is great, the long is still making much more sense than short at this point.
To your success, CS Team!
BTC dominance is currently at 53.3% (-0.1%). The total market cap is currently at $114.3 billion (- $0.2 billion). The market volume of the last 24h was $15.3 billion (- $1.5 billion).
Technnical analysis
Daily time frame : https://www.tradingview.com/x/ipgQljfU/
It is still holding at the support and we are still anticipating the move up. More we hold on the support, more chance for up move because previous bearishness of the last move is dying more and more as time goes on.
But we are expecting the move up already 3-4 days but it is not happening yet so that's a little bit conserning but as the risk reward is great, the long is still making much more sense than short at this point.
To your success, CS Team!
It is February 4th, 2019
BTC dominance is currency at 53.3% (+0.0%). The total market cap is currently at $114.0 billion (- $0.3 billion). The market volume of the last 24h was $16.0 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/ZSgcux3k/
We have to switch from daily time frame to H4 time frame since the market is slowing down more and more and monitoring on higher time frames won't help a lot.
Weekly close didn't bring us big volatile move and waiting game is still on.
We are still more bullish than bearish with long position and tight stop loss. We want to see action in the market. Even if the move is going to be in the direction against our position, we would accept it because in this kind of market, it is really tough to trade since moves are getting smaller and smaller.
Still long, tight stop loss in place and waiting game is still on. Let's see when the move is going to happen.
To your success, CS Team!
BTC dominance is currency at 53.3% (+0.0%). The total market cap is currently at $114.0 billion (- $0.3 billion). The market volume of the last 24h was $16.0 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/ZSgcux3k/
We have to switch from daily time frame to H4 time frame since the market is slowing down more and more and monitoring on higher time frames won't help a lot.
Weekly close didn't bring us big volatile move and waiting game is still on.
We are still more bullish than bearish with long position and tight stop loss. We want to see action in the market. Even if the move is going to be in the direction against our position, we would accept it because in this kind of market, it is really tough to trade since moves are getting smaller and smaller.
Still long, tight stop loss in place and waiting game is still on. Let's see when the move is going to happen.
To your success, CS Team!
It is February 5th, 2019
BTC dominance is currently at 53.5% (+0.2%). The total market cap is currently at $113.8 billion (- $0.2 billion). The market volume of the last 24h was $16.4 billion (+ $0.4 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/7DBqbgnB/
The situation is still the same. The worst volatility since breakinng 6k support. It is definitely accumulation, we even have the proof in the volume increase but the question is accumulation for what.
Following technicals, we are still long, but not so bullish to take big one. The marked level is very important for this range area and if that onces get reclaimed and we turn it into the support, we can easily see the move up. That's the setup we are waiting for potentially adding more to our position.
To your success, CS Team!
BTC dominance is currently at 53.5% (+0.2%). The total market cap is currently at $113.8 billion (- $0.2 billion). The market volume of the last 24h was $16.4 billion (+ $0.4 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/7DBqbgnB/
The situation is still the same. The worst volatility since breakinng 6k support. It is definitely accumulation, we even have the proof in the volume increase but the question is accumulation for what.
Following technicals, we are still long, but not so bullish to take big one. The marked level is very important for this range area and if that onces get reclaimed and we turn it into the support, we can easily see the move up. That's the setup we are waiting for potentially adding more to our position.
To your success, CS Team!
It is February 6th, 2019
BTC dominance is currently at 53.6% (+0.1%). The total market cap is currently at $111.6 billion (- $2.2 billion). The market volume of the last 24h was $17.1 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/hSnyvDoA/
It didn't reclaimed above our area of interest and after move up, it dropped down triggerring our stop loss orders. They were close to break even but we are now out of the position.
We are looking for next trade setup, both options are possible. The way market acts is not that good and all these fakeouts are literally shaking out both, long and short traders.
Hoping for some clear trend to spot some good entries.
To your success, CS Team!
BTC dominance is currently at 53.6% (+0.1%). The total market cap is currently at $111.6 billion (- $2.2 billion). The market volume of the last 24h was $17.1 billion (+ $0.7 billion).
Technical analysis
H4 time frame : https://www.tradingview.com/x/hSnyvDoA/
It didn't reclaimed above our area of interest and after move up, it dropped down triggerring our stop loss orders. They were close to break even but we are now out of the position.
We are looking for next trade setup, both options are possible. The way market acts is not that good and all these fakeouts are literally shaking out both, long and short traders.
Hoping for some clear trend to spot some good entries.
To your success, CS Team!
It is February 7th, 2019
BTC dominance is currently at 53.4% (-0.2%). The total market cap is currently at $111.6 billion (+ $0.0 billion). The market volume of the last 24h was $15.3 billion (- $1.8 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/Sl7bSFcJ/
Very slow day. Yesterday it went down sparking the bearish momentum but today it died and behind us is one more extremelly slow day in price movement.
We do not have setup on Bitcoin yet. Once we get it, we will share our idea with you. Our previous bullish setup failed so now it is time to look for new one.
To your success, CS Team!
BTC dominance is currently at 53.4% (-0.2%). The total market cap is currently at $111.6 billion (+ $0.0 billion). The market volume of the last 24h was $15.3 billion (- $1.8 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/Sl7bSFcJ/
Very slow day. Yesterday it went down sparking the bearish momentum but today it died and behind us is one more extremelly slow day in price movement.
We do not have setup on Bitcoin yet. Once we get it, we will share our idea with you. Our previous bullish setup failed so now it is time to look for new one.
To your success, CS Team!
It is February 8th, 2019
BTC dominance is currently at 53.0% (-0.4%). The total market cap is currently at $121.7 billion (+ $10.1 billion). The market volume of the last 24h was $23.5 billion (+ $8.2 billion).
Fundamental analysis
SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows
Technical analyis
Daily time frame : https://www.tradingview.com/x/ZQIiT4BL/
After almost 3 weeks of consolidation and slowly decline in the market, we saw incredible up move that we expected 6-7 days or even more. Our long on BTC was stopped out but our ETH long still alive and made us great gain.
Is this the same candle we saw on December 17th 2018 when the uptrend started that reached 4250?
It is hard to say but it is definitely great move. Some of the altcoins made incredible move, especially Litecoin.
We are still bullish, we are now waiting for right moment to add to Ethereum long and to look for long on Bitcoin since we think it has real chance to see 4k again and test both horizontal and downslopping trend line. If it closes above these two lines and if it gives trigger on the retest, we could see an impressive move up to test first monthly resistance around 4.5k
Now what we want to see is the increase in interest because if we see no action in next 24-48 hours, this move could be invalidated and ranging may happen again.
On the weekly chart, bullish engulfing at the moment gives us reason to believe that this can go to 4k and then monitoring priuce action we should decide what next.
Some will say it was because of rumors about ETF. We would disagree. The technicals were pointing up, it was just the question what will trigger the move. So, the outcome was caused by both technicals and fundamentals.
No reason to look for short at the moment. If we get rejected by 3700 few more times, we could start doubting bullishness but so far no signs of slowing down.
To your success, CS Team!
BTC dominance is currently at 53.0% (-0.4%). The total market cap is currently at $121.7 billion (+ $10.1 billion). The market volume of the last 24h was $23.5 billion (+ $8.2 billion).
Fundamental analysis
SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows
Technical analyis
Daily time frame : https://www.tradingview.com/x/ZQIiT4BL/
After almost 3 weeks of consolidation and slowly decline in the market, we saw incredible up move that we expected 6-7 days or even more. Our long on BTC was stopped out but our ETH long still alive and made us great gain.
Is this the same candle we saw on December 17th 2018 when the uptrend started that reached 4250?
It is hard to say but it is definitely great move. Some of the altcoins made incredible move, especially Litecoin.
We are still bullish, we are now waiting for right moment to add to Ethereum long and to look for long on Bitcoin since we think it has real chance to see 4k again and test both horizontal and downslopping trend line. If it closes above these two lines and if it gives trigger on the retest, we could see an impressive move up to test first monthly resistance around 4.5k
Now what we want to see is the increase in interest because if we see no action in next 24-48 hours, this move could be invalidated and ranging may happen again.
On the weekly chart, bullish engulfing at the moment gives us reason to believe that this can go to 4k and then monitoring priuce action we should decide what next.
Some will say it was because of rumors about ETF. We would disagree. The technicals were pointing up, it was just the question what will trigger the move. So, the outcome was caused by both technicals and fundamentals.
No reason to look for short at the moment. If we get rejected by 3700 few more times, we could start doubting bullishness but so far no signs of slowing down.
To your success, CS Team!
Cointelegraph
SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows
A forthcoming interview with a U.S. securities representative sees possible positive news about the future of a Bitcoin ETF.
It is February 10th, 2019
BTC dominance is currently at 52.9% (-0.1%). The total market cap is currently at $121.2 billion (- $0.5 billion). The market volume of the last 24h was $19.1 billion (- $4.4 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/z3R7BLIG/
After an impulsive wave up, mwe are currently consolidating around 3600 price area. Considering the whole move, it is still above 38.2% fibonacci which gives us strong sign of market strength.
If correction happen, ideally would be to 3500-3550 area where buy action would make a lot of sense. Close below 3500 and especially 3450 would be very bad and the because aloswt the whole move will be invalidated. We are currently long on ETH and looking for an entry on BTC. Currently our setups are looking for long entry.
To your success, CS Team!
BTC dominance is currently at 52.9% (-0.1%). The total market cap is currently at $121.2 billion (- $0.5 billion). The market volume of the last 24h was $19.1 billion (- $4.4 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/z3R7BLIG/
After an impulsive wave up, mwe are currently consolidating around 3600 price area. Considering the whole move, it is still above 38.2% fibonacci which gives us strong sign of market strength.
If correction happen, ideally would be to 3500-3550 area where buy action would make a lot of sense. Close below 3500 and especially 3450 would be very bad and the because aloswt the whole move will be invalidated. We are currently long on ETH and looking for an entry on BTC. Currently our setups are looking for long entry.
To your success, CS Team!
It is February 11th, 2019
BTC dominance is currently at 52.8%(-0.1%). The total market cap is currently at $121-4 billion (+ $0.2 billion). The market volume of the last 24h was $21.0 billion (+ $1.9 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/spXty3Un/
We are still bullish on the price action. Not the best we want to see but that's bitcoin. We are still long on ETH. Waiting for position on Bitcoin. Would like to see some clear bullish signs before going long on these two contracts.
To your success, CS Team!
BTC dominance is currently at 52.8%(-0.1%). The total market cap is currently at $121-4 billion (+ $0.2 billion). The market volume of the last 24h was $21.0 billion (+ $1.9 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/spXty3Un/
We are still bullish on the price action. Not the best we want to see but that's bitcoin. We are still long on ETH. Waiting for position on Bitcoin. Would like to see some clear bullish signs before going long on these two contracts.
To your success, CS Team!
It is February 12th, 2019
BTC dominance is currently at 52.7% (-0.1%). The total market cap is currently at $122.1 billion (+$0.7 billion). The market volume of the last 24h was $20.3 billion (- $0.7 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/pStUerxu/
The price reached our ideal buy area and pulled back. Currently around 3600 again looking very good.
Our long on Ethereum is still active and we are not thinking of closing it as long as market doesn't show us some big bearish sign or until it reaches our targets that are pretty high.
Yesterday's bearish daily candle is invalidated by todays green one so the price action is looking good for bulls and we expect tomorrow some good upward momentum to kicks in.
To your success, CS Team!
BTC dominance is currently at 52.7% (-0.1%). The total market cap is currently at $122.1 billion (+$0.7 billion). The market volume of the last 24h was $20.3 billion (- $0.7 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/pStUerxu/
The price reached our ideal buy area and pulled back. Currently around 3600 again looking very good.
Our long on Ethereum is still active and we are not thinking of closing it as long as market doesn't show us some big bearish sign or until it reaches our targets that are pretty high.
Yesterday's bearish daily candle is invalidated by todays green one so the price action is looking good for bulls and we expect tomorrow some good upward momentum to kicks in.
To your success, CS Team!
It is Ferbuary 13th, 2019
BTC dominance is currently at 52.7% (+0.0%). The total market cap is currently at $120.6 billion (- $1.5 billion). The market volume of the last 24h was $20.8 billion (+ $0.5 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/gePGuPLF
Still holding the range without either move up or move down. What we came across is the 50 EMA on daily time frame that is showing quite strong resistance area. In case of breaking above and if we manage to establish support at that level, it would be extra bullish for upcoming days.
Can't lie to you and say that price is looking great. The price action looks solid but not as it could be and more importantly should be.
We are not long on BTC but on Ethereum. We are still thinking that if BTC goes up, it will be outperformed by Ethereum adn that if BTC enters consolidation phase that we can see move up from Ethereum because of upcoming hard fork that is estimated to happen in last week of Ferbruary.
To your success, CS Team!
BTC dominance is currently at 52.7% (+0.0%). The total market cap is currently at $120.6 billion (- $1.5 billion). The market volume of the last 24h was $20.8 billion (+ $0.5 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/gePGuPLF
Still holding the range without either move up or move down. What we came across is the 50 EMA on daily time frame that is showing quite strong resistance area. In case of breaking above and if we manage to establish support at that level, it would be extra bullish for upcoming days.
Can't lie to you and say that price is looking great. The price action looks solid but not as it could be and more importantly should be.
We are not long on BTC but on Ethereum. We are still thinking that if BTC goes up, it will be outperformed by Ethereum adn that if BTC enters consolidation phase that we can see move up from Ethereum because of upcoming hard fork that is estimated to happen in last week of Ferbruary.
To your success, CS Team!
It is February 14th, 2019
BTC dominance is currently at 52.8% (+0.1%). The total market cap is currently aty $120.2 billion (- $0.4 billion). The market volume of the last 24h was $19.7 billion (- $1.1 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/0NhCr6qC
Back to ranging market again. It wicked to 3530 today and got rejected by that area. Currently around 3570 which is still good but no signs of big move at the moment. We are not in a position on BTC but holding our long on Ethereum because we see the strength ETH is showing over Bitcoin so we are still much more bullish on Ethereum than Bitcoin.
If we see some bull action, we will consider entering long on BTC too but so far we are still with our ETH long and flat on BTC.
To your success, CS Team!
BTC dominance is currently at 52.8% (+0.1%). The total market cap is currently aty $120.2 billion (- $0.4 billion). The market volume of the last 24h was $19.7 billion (- $1.1 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/0NhCr6qC
Back to ranging market again. It wicked to 3530 today and got rejected by that area. Currently around 3570 which is still good but no signs of big move at the moment. We are not in a position on BTC but holding our long on Ethereum because we see the strength ETH is showing over Bitcoin so we are still much more bullish on Ethereum than Bitcoin.
If we see some bull action, we will consider entering long on BTC too but so far we are still with our ETH long and flat on BTC.
To your success, CS Team!
It is February 15th, 2019
BTC dominance is currently at 52.7% (-0.1%). The total market cap is currently at $120.5 billion (+ $0.3 billion). The market volume of the last 24h was $19.7 billion (+ $0.0m billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/5XKh7QmU
Not too much to say, after move up, price is dying slowly. Our ETH long is still opened while we are flat on Bitcoin.
What we are currently waiting is not lower entry but some up movement such as high high or something like that but considering type of the market we are in, if we get bullish momentum, it will pump without too much waiting. That's the reason we are holdinng ETH long cause it would follow that potential spike in BTC price and waiting for BTC to show confirmation so we can open long there too.
To your success, CS Team!
BTC dominance is currently at 52.7% (-0.1%). The total market cap is currently at $120.5 billion (+ $0.3 billion). The market volume of the last 24h was $19.7 billion (+ $0.0m billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/5XKh7QmU
Not too much to say, after move up, price is dying slowly. Our ETH long is still opened while we are flat on Bitcoin.
What we are currently waiting is not lower entry but some up movement such as high high or something like that but considering type of the market we are in, if we get bullish momentum, it will pump without too much waiting. That's the reason we are holdinng ETH long cause it would follow that potential spike in BTC price and waiting for BTC to show confirmation so we can open long there too.
To your success, CS Team!
It is February 16th, 2019
BTC dominance is currently at 52.7% (+0.0%). The total market cap is currently at $121.4 billion (+ $0.9 billion). The market volume of the last 24h was $18.4 billion (- $1.3 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/VTiypDoJ
Looking at daily close, it finally looks good again. We are still not long on BTC but this good chart is great reason to keep holdinng our ETH long.
Even if we see a fake out today on BTC that dropped to 3564 that is exactly the openign of dailt candle which hold out. That tells us that the level is holding and gives the reason to stay bullish on BTC and especially on ETH.
To your success, CS Team!
BTC dominance is currently at 52.7% (+0.0%). The total market cap is currently at $121.4 billion (+ $0.9 billion). The market volume of the last 24h was $18.4 billion (- $1.3 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/VTiypDoJ
Looking at daily close, it finally looks good again. We are still not long on BTC but this good chart is great reason to keep holdinng our ETH long.
Even if we see a fake out today on BTC that dropped to 3564 that is exactly the openign of dailt candle which hold out. That tells us that the level is holding and gives the reason to stay bullish on BTC and especially on ETH.
To your success, CS Team!
It is February 17th, 2019
BTC dominance is currently at 52.3% (-0.4%). The total market cap is currently at $121.6 billion (+ $0.2 billion). The market volume of the last 24h was $21.1 billion (+ $2.7 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/3HiitMHb
One more time got rejected by daily EMA 50 very important dynamic price level. The daily candlestick at the moment is not looking so good.
The move up did happen as we told on our yesterdays update but got heavily rejected. We didn't long it but we added to our ETH long that is doing great. ETH/BTC is doing amazing creating very bullish daily candlestick. Even ETH/USD is doing amazing and outperforming everything else, especially BTC.
So, our current situation is clear. We will wait for BTC setup again, after this daily close we will wait for some time untill price action offer some setup. Until then, we will keep our ETH long as we anticipate further move up.
To your success, CS Team!
BTC dominance is currently at 52.3% (-0.4%). The total market cap is currently at $121.6 billion (+ $0.2 billion). The market volume of the last 24h was $21.1 billion (+ $2.7 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/3HiitMHb
One more time got rejected by daily EMA 50 very important dynamic price level. The daily candlestick at the moment is not looking so good.
The move up did happen as we told on our yesterdays update but got heavily rejected. We didn't long it but we added to our ETH long that is doing great. ETH/BTC is doing amazing creating very bullish daily candlestick. Even ETH/USD is doing amazing and outperforming everything else, especially BTC.
So, our current situation is clear. We will wait for BTC setup again, after this daily close we will wait for some time untill price action offer some setup. Until then, we will keep our ETH long as we anticipate further move up.
To your success, CS Team!
It is February 18th, 2019
BTC dominance is currently at 51.9% (-0.4%). The total market cap is currently at $132.2 billion (+ $10.6 billion). The market volume of the last 24h was $33.4 billion (+ $12.3 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/kMyF7hYn
After days of actumulation, days of fake moves, we finally saw move up from BTC and that was the big one.
Probably, it was ignited by Ethereum more than by itself but anyway it went up.
On the other side, Ethereum keept moving up and made some amazing gain.
At the moment, we expect some retrace on both of them. Maybe not straight after this post but probably tomorrow we should see some kind of retrace.
For BTC, retrace could be around EMA 50 on daily time frame and if that are holds out, it will be quite bullish. So the area to look at is 3720-3800.
For Ethereum, we expect some kind of pullback too. The first area we are waiting for long trigger is 132-135.
If these areas get tested, we will consider longing them if we get the sing.
To your success, CS Team!
BTC dominance is currently at 51.9% (-0.4%). The total market cap is currently at $132.2 billion (+ $10.6 billion). The market volume of the last 24h was $33.4 billion (+ $12.3 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/kMyF7hYn
After days of actumulation, days of fake moves, we finally saw move up from BTC and that was the big one.
Probably, it was ignited by Ethereum more than by itself but anyway it went up.
On the other side, Ethereum keept moving up and made some amazing gain.
At the moment, we expect some retrace on both of them. Maybe not straight after this post but probably tomorrow we should see some kind of retrace.
For BTC, retrace could be around EMA 50 on daily time frame and if that are holds out, it will be quite bullish. So the area to look at is 3720-3800.
For Ethereum, we expect some kind of pullback too. The first area we are waiting for long trigger is 132-135.
If these areas get tested, we will consider longing them if we get the sing.
To your success, CS Team!
It is February 19th, 2019
BTC dominance is currently at 51.7% (-0.2%). The total market cap is currently at $135.1 billion (+ $2.9 billion). The market volume of the lat 24h was $33.9 billion (+ $0.5 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/xKSNys69
After an amazing day, we saw some kind of consolidation with upside momentum. The overall situation is very good for the market.
BTC is first time after big drop above EMA 50, it broke down trend line. In order to remain local bullish and become overall bullish, we need to see higher high after it made higher low.
If that happens, we would have very strong upside momemntum with high targets.
The higher high would require close at least above 4200. There is big probability for it to happens but we wouldn’t long it at resistance it is testing right now that comes from weekly time frame.
So, either long it when drop to retest previous resistance of on retest of this resistance once it gets broken.
To your success, CS Team!
BTC dominance is currently at 51.7% (-0.2%). The total market cap is currently at $135.1 billion (+ $2.9 billion). The market volume of the lat 24h was $33.9 billion (+ $0.5 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/xKSNys69
After an amazing day, we saw some kind of consolidation with upside momentum. The overall situation is very good for the market.
BTC is first time after big drop above EMA 50, it broke down trend line. In order to remain local bullish and become overall bullish, we need to see higher high after it made higher low.
If that happens, we would have very strong upside momemntum with high targets.
The higher high would require close at least above 4200. There is big probability for it to happens but we wouldn’t long it at resistance it is testing right now that comes from weekly time frame.
So, either long it when drop to retest previous resistance of on retest of this resistance once it gets broken.
To your success, CS Team!
It is February 20th, 2018
BTC dominance is currently at 51.7% (+0.0%). The total market cap is currently at $135.3 billion (+ $0.2 billion). The market volume of the last 24h was $29.9 billion (- $4.0 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/sduuzxM6
Price action is still looking very bullish. If we get this kind of daily close, we would probably go above 4000 even 4100 tomorrow easily.
By forming ascending triangle, compared with this daily chart, it is looking very strong.
So, we are currently bullish until we sport some bearish sign or setup.
To your success, CS Team!
BTC dominance is currently at 51.7% (+0.0%). The total market cap is currently at $135.3 billion (+ $0.2 billion). The market volume of the last 24h was $29.9 billion (- $4.0 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/sduuzxM6
Price action is still looking very bullish. If we get this kind of daily close, we would probably go above 4000 even 4100 tomorrow easily.
By forming ascending triangle, compared with this daily chart, it is looking very strong.
So, we are currently bullish until we sport some bearish sign or setup.
To your success, CS Team!
It is February 21st, 2019
BTC dominance is currently at 51.8% (+0.1%). The total market cap is currently at $135.1 billion (- $0.2 billion). The market volume of the last 24h was $24.7 billion (- $5.2 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/sukiHb1I
Still resting at the resistance without too much action. The weekly resistance is keep holding the price below. If it closes week below, next week we should probably dump to at least test EMA 50 on a daily time frame.
If it is going to moon, it should be done before the weekly close by closing above resistance so next week it can go even higher.
We are not in a position right now. Even if we are a little bit more bullish than bearish, we wont buy at resistance without big buy signal. We would rather wait for that decline to buy. Perfewct ETH entry would be 130 if price action gives the sign and for BTC at around 3750. But considering the fact that these levels are watch by millions, we wouldn't be surprised if they get frontruned so we would buy a littl bit higher too but not at this price at the resistance.
To your success, CS Team!
BTC dominance is currently at 51.8% (+0.1%). The total market cap is currently at $135.1 billion (- $0.2 billion). The market volume of the last 24h was $24.7 billion (- $5.2 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/sukiHb1I
Still resting at the resistance without too much action. The weekly resistance is keep holding the price below. If it closes week below, next week we should probably dump to at least test EMA 50 on a daily time frame.
If it is going to moon, it should be done before the weekly close by closing above resistance so next week it can go even higher.
We are not in a position right now. Even if we are a little bit more bullish than bearish, we wont buy at resistance without big buy signal. We would rather wait for that decline to buy. Perfewct ETH entry would be 130 if price action gives the sign and for BTC at around 3750. But considering the fact that these levels are watch by millions, we wouldn't be surprised if they get frontruned so we would buy a littl bit higher too but not at this price at the resistance.
To your success, CS Team!
It is February 25th, 2019
BTC dominance is currently at 52.3% (+0.5%). Thre total market cap is currently at $128.9 billion (- $6.2 billion). The market volume of the last 24h was $38.2 billion (+ $13.5 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/AZDmd74L
After breaking 4000 price area, it seemed quite bullish and the fact that twitter and other media turned extremely bullish was very concerned.
Our dream short are of 4300 didn't get reached so we didn't short the move down but we were long from 3930 with close at 4110 and other part down at 4000 so in overal, it turned good trade for us.
Now, back to our chart, you see how it holding above EMA 50 and important horizontal price area of 3700.
The fact that price dropped $500 in less than hour, doesn't give us now some good short setup. What to target? Where to put safe stop loss?
That's why we think that some kind of short stop run will happen and we will monitor 3930-3950 price area to give us short trigger. We won't long until that area but we will try to short if that area gets reached and give us the trigger.
If it doesn't get reached, we don't have problem being out of trade and waiting for opportunity.
To your success, CS Team!
BTC dominance is currently at 52.3% (+0.5%). Thre total market cap is currently at $128.9 billion (- $6.2 billion). The market volume of the last 24h was $38.2 billion (+ $13.5 billion).
Technical analysis
Daily time frame : https://www.tradingview.com/x/AZDmd74L
After breaking 4000 price area, it seemed quite bullish and the fact that twitter and other media turned extremely bullish was very concerned.
Our dream short are of 4300 didn't get reached so we didn't short the move down but we were long from 3930 with close at 4110 and other part down at 4000 so in overal, it turned good trade for us.
Now, back to our chart, you see how it holding above EMA 50 and important horizontal price area of 3700.
The fact that price dropped $500 in less than hour, doesn't give us now some good short setup. What to target? Where to put safe stop loss?
That's why we think that some kind of short stop run will happen and we will monitor 3930-3950 price area to give us short trigger. We won't long until that area but we will try to short if that area gets reached and give us the trigger.
If it doesn't get reached, we don't have problem being out of trade and waiting for opportunity.
To your success, CS Team!
It is February 26th, 2019
BTC dominance is currently at 51.9% (-0.4%). The total market cap is currently at $130.6 billion (+ $1.7 billion). The market volume of the last 24h was $29.4 billion (- $8.8 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/obN8Y3Nk
We are forming some kinnd of range between 3700 and 3800. The way this is going to end is quite interesting. If the drop was to 3900-3950, it would be way easier to trade because the short sellers would have clear target below around 3650-3700.
Now, as it dropped so fast to this area, even if people would agree that it looks bearish because of this sell off, what to target if you will short BTC?
What if this was shakeout before the rally? Looking at monthly chart, it is making bullish engulfing and clearly targeting resistance around 4500.
The close of the monthly canldestick is coming in two days, If it closes like this, it would be obviously bullish.
So, our trading idea is this. If price reaches 3930 (weekly resistance) you can try to to short it and target the local low (3700).
If the price start going down, look at the area around local low and EMA 50 (3700) for potential long entry.
Our overall opinion is that price is much more bullish than bearish even though we saw this selloff. The selloff was very aggressive and we didn't see a follow up which is quite strange and the reason we think it was simply filling the stop loss orders and nothing more than that.
Looking at the altcoin market, we see very good breakouts last week of big resistance areas and now they are pullinng back to test them. If they turn resistance in the support, entire market may turn semi bullish in the March.
This would be invalidated if we see next move down and close below 3400. Then, get ready for new lows.
Accordingly to the current market conditions, we do not expect them to be reached in next week or two and we rather think the upward mometum will start very soon once few more sellers are shaken out.
To your susccess, CS Team!
BTC dominance is currently at 51.9% (-0.4%). The total market cap is currently at $130.6 billion (+ $1.7 billion). The market volume of the last 24h was $29.4 billion (- $8.8 billion).
Technical analysis
Daily time frame: https://www.tradingview.com/x/obN8Y3Nk
We are forming some kinnd of range between 3700 and 3800. The way this is going to end is quite interesting. If the drop was to 3900-3950, it would be way easier to trade because the short sellers would have clear target below around 3650-3700.
Now, as it dropped so fast to this area, even if people would agree that it looks bearish because of this sell off, what to target if you will short BTC?
What if this was shakeout before the rally? Looking at monthly chart, it is making bullish engulfing and clearly targeting resistance around 4500.
The close of the monthly canldestick is coming in two days, If it closes like this, it would be obviously bullish.
So, our trading idea is this. If price reaches 3930 (weekly resistance) you can try to to short it and target the local low (3700).
If the price start going down, look at the area around local low and EMA 50 (3700) for potential long entry.
Our overall opinion is that price is much more bullish than bearish even though we saw this selloff. The selloff was very aggressive and we didn't see a follow up which is quite strange and the reason we think it was simply filling the stop loss orders and nothing more than that.
Looking at the altcoin market, we see very good breakouts last week of big resistance areas and now they are pullinng back to test them. If they turn resistance in the support, entire market may turn semi bullish in the March.
This would be invalidated if we see next move down and close below 3400. Then, get ready for new lows.
Accordingly to the current market conditions, we do not expect them to be reached in next week or two and we rather think the upward mometum will start very soon once few more sellers are shaken out.
To your susccess, CS Team!