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!
Forwarded from Future Crypto Experts - Paid Channel
Hello dear members, how are you doing?
Let's go through the coin that caused the entire move up, Ethereum.
Yeah, most of you know, the coin that sparked this entire market move up is actually ETH because of its strong fundamentals in form of Constantinople hard fork.
Most people think that the hard fork is type of trade where you buy the rumour and sell the news of buy before fork and sell right before the fork but let us share with you the reason why we think it wont happen this time.
It is fork that will not generate new coins which automatically means that there were not the buyers just because of free coins and because of that ,there will be no sellers that will want to get rid of ETH before the dump.
The fork is in our opinion quite bullish news because it will improve its specifications. The fees for smart contract creators will be lower which will help a lot of startups run their business on Ethereum blockchain.
On of the biggest controversy was the decrease in block reward that is part of moving to proof of stake. By decreasing mining reward, it will force miners to switch to something else so the entire network will be able to run on proof of stake.
So, in general, the situation fundamentally is quite well but the problem is that is happening is very strong bearish market.
Now, the chart is showing very clear picture.
https://www.tradingview.com/x/a2opLwdC
As you can see, it is currently at resistance but in the same time above EMA 50 D1 and 130 important price level.
So, if the current resistance gets reclaimed and turned into support, we would like for buying opportunity.
On the other side, if we broke below EMA 50 and 130 price level, our eyes will target at lest 15% drop to 110 or even low 100 levels.
It is all now the waiting game until price either shows bullish momentum or close below 130 and EMA 50 and create bearish.
Best regards, CS Team!
Let's go through the coin that caused the entire move up, Ethereum.
Yeah, most of you know, the coin that sparked this entire market move up is actually ETH because of its strong fundamentals in form of Constantinople hard fork.
Most people think that the hard fork is type of trade where you buy the rumour and sell the news of buy before fork and sell right before the fork but let us share with you the reason why we think it wont happen this time.
It is fork that will not generate new coins which automatically means that there were not the buyers just because of free coins and because of that ,there will be no sellers that will want to get rid of ETH before the dump.
The fork is in our opinion quite bullish news because it will improve its specifications. The fees for smart contract creators will be lower which will help a lot of startups run their business on Ethereum blockchain.
On of the biggest controversy was the decrease in block reward that is part of moving to proof of stake. By decreasing mining reward, it will force miners to switch to something else so the entire network will be able to run on proof of stake.
So, in general, the situation fundamentally is quite well but the problem is that is happening is very strong bearish market.
Now, the chart is showing very clear picture.
https://www.tradingview.com/x/a2opLwdC
As you can see, it is currently at resistance but in the same time above EMA 50 D1 and 130 important price level.
So, if the current resistance gets reclaimed and turned into support, we would like for buying opportunity.
On the other side, if we broke below EMA 50 and 130 price level, our eyes will target at lest 15% drop to 110 or even low 100 levels.
It is all now the waiting game until price either shows bullish momentum or close below 130 and EMA 50 and create bearish.
Best regards, CS Team!
Good morning dear friends, I hope you are doing great
It is February 27th, 2019
BTC dominance is currently at 51.9% (Same it was in the time of the last update). The total market cap is currently at $130.9 billion (It grew $0.3 billion from the time of our last update). The market volume of the last 24h was $25.5 billion (It dropped $3.9 billion since our last update).
Since last 24h didn't bring us some very important news in the market, we would cover directly technical side.
Daily time frame : https://www.tradingview.com/x/VV9dCvHo
As the monthly close is coming tomorrow, we would like to share our opinion firstly on monthly time frame before going deeper into daily.
Monthly time frame https://www.tradingview.com/x/Hyu7gud6
The red area was the support from 2017 that was broken in the late 2018 and we are still waiting for clear test.
At the moment of writing, the monthly is forming bullish engulfing candlestick pattern which tells us that March could be month when we are going to test this broken support.
Having that in mind, we expect to see more bullish action in March that will lead us to this resistance (4300-4700).
Even if we test it, it will still be the bear market in play and typical example of breakdown and retest before going deeper.
Even if the daily would look very bullish if price reaches this zone, considering the monthly, as long as we are below, it is bearish market for us.
Clear support on the monthly is the green area around 1100. Do we think it will be reached?
No, because on the weekly we have bunch of potential support areas firstly at 2900, next at 2500 and last one at 1800. So, if we broke through all these areas, we can start targeting monthly support which is less likely to happen in our opinion.
Back to daily, it is still in the range between support at 3700 and resistance at 3930-3950. In this moment, the price is exactly between these two areas so we do not have trading setup at the moment.
When in a range, the best option you can do is to long support and short resistance. If you try to play something in between, there is no tight stop loss because if you short at 3800 and put stop loss at 3850, even if you get stopped out, the short setup won't be invalidated because it can go up all the way up to 3930 and then drop. Putting stop loss above resistance would be too far and your risk reward would be meaningless.
Wait for the the price to reach either support or resistance to look for entry setup.
Best regards, CS Team!
It is February 27th, 2019
BTC dominance is currently at 51.9% (Same it was in the time of the last update). The total market cap is currently at $130.9 billion (It grew $0.3 billion from the time of our last update). The market volume of the last 24h was $25.5 billion (It dropped $3.9 billion since our last update).
Since last 24h didn't bring us some very important news in the market, we would cover directly technical side.
Daily time frame : https://www.tradingview.com/x/VV9dCvHo
As the monthly close is coming tomorrow, we would like to share our opinion firstly on monthly time frame before going deeper into daily.
Monthly time frame https://www.tradingview.com/x/Hyu7gud6
The red area was the support from 2017 that was broken in the late 2018 and we are still waiting for clear test.
At the moment of writing, the monthly is forming bullish engulfing candlestick pattern which tells us that March could be month when we are going to test this broken support.
Having that in mind, we expect to see more bullish action in March that will lead us to this resistance (4300-4700).
Even if we test it, it will still be the bear market in play and typical example of breakdown and retest before going deeper.
Even if the daily would look very bullish if price reaches this zone, considering the monthly, as long as we are below, it is bearish market for us.
Clear support on the monthly is the green area around 1100. Do we think it will be reached?
No, because on the weekly we have bunch of potential support areas firstly at 2900, next at 2500 and last one at 1800. So, if we broke through all these areas, we can start targeting monthly support which is less likely to happen in our opinion.
Back to daily, it is still in the range between support at 3700 and resistance at 3930-3950. In this moment, the price is exactly between these two areas so we do not have trading setup at the moment.
When in a range, the best option you can do is to long support and short resistance. If you try to play something in between, there is no tight stop loss because if you short at 3800 and put stop loss at 3850, even if you get stopped out, the short setup won't be invalidated because it can go up all the way up to 3930 and then drop. Putting stop loss above resistance would be too far and your risk reward would be meaningless.
Wait for the the price to reach either support or resistance to look for entry setup.
Best regards, CS Team!
Forwarded from Future Crypto Experts - Paid Channel
Hello dear members, I hope you are doing great
I know that crypto community have some special relationship with ripple. You either love it and you think it is the best one or how you like to call it #xrpstandard or you hate and think that it is highly controlled and has no value.
Whoever is right, the ripple is still doing great, it is right Bitcoin and Ethereum and it deserves our attention.
The latest Coinbase listing is one of the examples that shows their growth. They are constantly partnering with new banks and generally doing great things.
The main usage is cross border transactions between banks which has potential. Even if crypto in general stands against banks, they will be in game and some part will be centralised. Every crypto exchange is bank but in digital world. Binance, Kraken, Coinbase. They hold your monney, charge you fees. What is difference between crypto banks and real banks?
So, fundamentally the project is expanding more and more which is great for them.
Now, let's look at technicals and see what does price action show us.
Weekly time frame: http://prntscr.com/mqrfy7
Looking at this, it doesn't look good. Every pump was invalidated is clear sign of big number of eager sellers who bough ripple in the past. Big number of sellers is not good as long as they are still holding coins.
Slowly but steady it is losing momentum. First it lose 9000 sat as a support and turned into resistance, now it is fighting with 8000. But below 9000, there is no real support before potential 7000. The reason why 8000 has some power is recent Coinbase listing and simply because it is round number and people like to buy/sell round numbers.
But, the first potential support based on chart is 7000 because of its chances to become right shoulder of big head and shoulders chart pattern that would launch price to maybe new all time highs.
The first strong area to look to buy is around 6000 based on strong weekly price level. Breaking below that would be disaster because it would lead us to extremly low price levels from early 2018.
Considering the hype in the community, we expect every support to be bought and that's why we will have our eyes on these two areas: 7000 and 6000. This is not opening leverage position on Bitmex but actually buying coins and targeting some pretty high prices.
The reason why we think price may drop to these two mentioned areas is the Stellar Lumen chart.
Weekly time frame: http://prntscr.com/mqruer
As you may know, considering the fact that these two coins have the same owner, they used to move together in the past or to follow one another.
With the price action that we can see on the chart of Stellar, we would be even more bearish on Ripple and think price will visit our buy areas almost for sure.
It is holiding the last support before big sell off. It may hold out, but we do not like to base our buy entries on support that is established by the low of three wicks.
If it gets broken, God bless stellar holders 🙏
Another reason for being currently bearish on Ripple is the fact that is Bitmex altcoin and with big number of sellers, potential short squeeze may easily happen and in that case, it would cause move down not only on Bitmex but on other exchanges too.
If you are looking to buy, do it on one of these two areas or if they front run us and don't let price to reach them, buy once 9000 is reclaimed as a support. In that case, we would buy some but not as much as we would look to buy aroud 7000 (especially 6000).
Best regards, CS Team!
I know that crypto community have some special relationship with ripple. You either love it and you think it is the best one or how you like to call it #xrpstandard or you hate and think that it is highly controlled and has no value.
Whoever is right, the ripple is still doing great, it is right Bitcoin and Ethereum and it deserves our attention.
The latest Coinbase listing is one of the examples that shows their growth. They are constantly partnering with new banks and generally doing great things.
The main usage is cross border transactions between banks which has potential. Even if crypto in general stands against banks, they will be in game and some part will be centralised. Every crypto exchange is bank but in digital world. Binance, Kraken, Coinbase. They hold your monney, charge you fees. What is difference between crypto banks and real banks?
So, fundamentally the project is expanding more and more which is great for them.
Now, let's look at technicals and see what does price action show us.
Weekly time frame: http://prntscr.com/mqrfy7
Looking at this, it doesn't look good. Every pump was invalidated is clear sign of big number of eager sellers who bough ripple in the past. Big number of sellers is not good as long as they are still holding coins.
Slowly but steady it is losing momentum. First it lose 9000 sat as a support and turned into resistance, now it is fighting with 8000. But below 9000, there is no real support before potential 7000. The reason why 8000 has some power is recent Coinbase listing and simply because it is round number and people like to buy/sell round numbers.
But, the first potential support based on chart is 7000 because of its chances to become right shoulder of big head and shoulders chart pattern that would launch price to maybe new all time highs.
The first strong area to look to buy is around 6000 based on strong weekly price level. Breaking below that would be disaster because it would lead us to extremly low price levels from early 2018.
Considering the hype in the community, we expect every support to be bought and that's why we will have our eyes on these two areas: 7000 and 6000. This is not opening leverage position on Bitmex but actually buying coins and targeting some pretty high prices.
The reason why we think price may drop to these two mentioned areas is the Stellar Lumen chart.
Weekly time frame: http://prntscr.com/mqruer
As you may know, considering the fact that these two coins have the same owner, they used to move together in the past or to follow one another.
With the price action that we can see on the chart of Stellar, we would be even more bearish on Ripple and think price will visit our buy areas almost for sure.
It is holiding the last support before big sell off. It may hold out, but we do not like to base our buy entries on support that is established by the low of three wicks.
If it gets broken, God bless stellar holders 🙏
Another reason for being currently bearish on Ripple is the fact that is Bitmex altcoin and with big number of sellers, potential short squeeze may easily happen and in that case, it would cause move down not only on Bitmex but on other exchanges too.
If you are looking to buy, do it on one of these two areas or if they front run us and don't let price to reach them, buy once 9000 is reclaimed as a support. In that case, we would buy some but not as much as we would look to buy aroud 7000 (especially 6000).
Best regards, CS Team!
Lightshot
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Good morning dear friends, I hope you are doing amazing
It is February 28th, 2019
BTC dominance is 52.2% (It is higher 0.3% since our last update). The market cap is currently at $130.6 billion (It dropped $0.3 since our last update). The market volume of the last 24h was $27.9 billion (It raised $2.4 billion in last 24h).
The biggest news today is Ethereum hard fork. It is software hard fork and there will be two of them : Constantinople and St. Petersburg.
The hard fork is in our opinion very bullish and here is the reason why. It will reduce fees that smart contract creator has to pay to use Ethereum blockchain service or simple said to run smart contract on Ethereum blockchain. It will allow these creators to focus more on the project they are doing.
Another positive update is decrease in block reward that will set up Ethereum for Proof of Stake that should occur in second half of 2019 per their words.
The proof of stake in our opinion is going to bring demand to Ethereum community because in order to be a staker, you will need only 32 Ethereum which is pretty affordable and there will be a lot of people interested to stake second biggest cryptocurrency.
So, our overal opinion is that it will bring positve things to Ethereum and after fork dump, apart from small decline of 5-10%, is not expected. Even if that happens, we will rather be buyers than sellers.
Hard fork will occur on block number 7280000 which will happen in next 8-10 hours from the time of writting.
Let's check out Bitcoin chart
Daily time frame: https://www.tradingview.com/x/Zt4a8fKV
As we mentioned in our last update, we are currently in the range between 3700 and 3950 and what you do in a range is very simple. You long support and short resistance.
The support at EMA 50 and green horizontal area played out perfectly and invalidated entire move down.
Hourly time frame https://www.tradingview.com/x/GpfmQrBs
On this low time frame chart, you can see how it acted and invalidated move down.
Now, back to daily time frame, it looks very good. We had big dump that didn't continue down. Two times it tried to drop, it got rejected both times.
This gives us clear sign that the drop was nothing but long squeeze otherwise drop would continue further down.
Since support acted very good, we are expecting potential test of resistance. The price action is generally bullish as long as it is above yesterdays low (3640). If it drops to that area, most likely we are going down to 3500.
Apart from scalping, we are not opening swing positions. Our ideal long entry would be around 3550 or after we broke above resistance with good confirmation by price action.
Everythinng else will be scalping (longing support, shorting resistance) as long as we are in this range.
Best regards, CS Team!
It is February 28th, 2019
BTC dominance is 52.2% (It is higher 0.3% since our last update). The market cap is currently at $130.6 billion (It dropped $0.3 since our last update). The market volume of the last 24h was $27.9 billion (It raised $2.4 billion in last 24h).
The biggest news today is Ethereum hard fork. It is software hard fork and there will be two of them : Constantinople and St. Petersburg.
The hard fork is in our opinion very bullish and here is the reason why. It will reduce fees that smart contract creator has to pay to use Ethereum blockchain service or simple said to run smart contract on Ethereum blockchain. It will allow these creators to focus more on the project they are doing.
Another positive update is decrease in block reward that will set up Ethereum for Proof of Stake that should occur in second half of 2019 per their words.
The proof of stake in our opinion is going to bring demand to Ethereum community because in order to be a staker, you will need only 32 Ethereum which is pretty affordable and there will be a lot of people interested to stake second biggest cryptocurrency.
So, our overal opinion is that it will bring positve things to Ethereum and after fork dump, apart from small decline of 5-10%, is not expected. Even if that happens, we will rather be buyers than sellers.
Hard fork will occur on block number 7280000 which will happen in next 8-10 hours from the time of writting.
Let's check out Bitcoin chart
Daily time frame: https://www.tradingview.com/x/Zt4a8fKV
As we mentioned in our last update, we are currently in the range between 3700 and 3950 and what you do in a range is very simple. You long support and short resistance.
The support at EMA 50 and green horizontal area played out perfectly and invalidated entire move down.
Hourly time frame https://www.tradingview.com/x/GpfmQrBs
On this low time frame chart, you can see how it acted and invalidated move down.
Now, back to daily time frame, it looks very good. We had big dump that didn't continue down. Two times it tried to drop, it got rejected both times.
This gives us clear sign that the drop was nothing but long squeeze otherwise drop would continue further down.
Since support acted very good, we are expecting potential test of resistance. The price action is generally bullish as long as it is above yesterdays low (3640). If it drops to that area, most likely we are going down to 3500.
Apart from scalping, we are not opening swing positions. Our ideal long entry would be around 3550 or after we broke above resistance with good confirmation by price action.
Everythinng else will be scalping (longing support, shorting resistance) as long as we are in this range.
Best regards, CS Team!
Block number 7 280 000 has been reached.
Ethereum Constantinople hard fork is live!
Ethereum Constantinople hard fork is live!
Greetings dear memebers, I hope you are doing great
It is March 1st, 2019
BTC dominance is currently at 51.9% (It is lower 0.3% since our last update). The market cap is currently at $131.0 billion (It raised for $0.4 billion from our last update). The market volume of the last 24h was $26.0 billion (It is $1.9 billion lower than it was 24h ago).
The biggest news for yesterday was the Ethereum fork that was expected to bring volatility into the market. Exactly opposite did happen and price is simply the same it was before the fork. This was to worst case scenario because for us as the traders, we need volatility not the same price all the time.
Techincal analysis
Daily time frame: https://www.tradingview.com/x/uaEUTB6f
The price is still holding strongly above EMA 50 and 3700 support area which is pretty good sign.
Based on monthly close that was yesterday, one more time we expect to see test of monthly resistance (4300-4700).
The dream entry would be around 3500 and if price reaches that area, it would be phenomenal.
Now, as we are in a trade, apart from small scalp trades, we are flat waiting for either break of 3900 or test of 3500-3550.
Best regards, CS Team!
It is March 1st, 2019
BTC dominance is currently at 51.9% (It is lower 0.3% since our last update). The market cap is currently at $131.0 billion (It raised for $0.4 billion from our last update). The market volume of the last 24h was $26.0 billion (It is $1.9 billion lower than it was 24h ago).
The biggest news for yesterday was the Ethereum fork that was expected to bring volatility into the market. Exactly opposite did happen and price is simply the same it was before the fork. This was to worst case scenario because for us as the traders, we need volatility not the same price all the time.
Techincal analysis
Daily time frame: https://www.tradingview.com/x/uaEUTB6f
The price is still holding strongly above EMA 50 and 3700 support area which is pretty good sign.
Based on monthly close that was yesterday, one more time we expect to see test of monthly resistance (4300-4700).
The dream entry would be around 3500 and if price reaches that area, it would be phenomenal.
Now, as we are in a trade, apart from small scalp trades, we are flat waiting for either break of 3900 or test of 3500-3550.
Best regards, CS Team!
Forwarded from Future Crypto Experts - Paid Channel
Good evening dear members, I hope you are doing amazing
The coin that outperformed the majority of the market after big dump in the late of 2018 got on our list.
EOS, the coin that reached its price before big dump in Q4 2018, is looking pretty good.
3D time frame : http://prntscr.com/mr2a5e
The EOS did something similar to BTC reaching 6k price area. Wouldn't you consider it bullish?
Now, everything that is bullish requires some time until early buyers are out and until big boys accumulate enough.
We do not want to buy too early and then wait for price to find bottom somewhere.
Our eyes are on the green area around 70k satoshies but having in mind the fact that these setups got front run very often because they are looking pretty obvious and clear, we would start buying even a little bit higher (75000).
We consider this as a great trade opportunity. Apart from targeting all time high that would be too optimistic even for biggest fans, we could easily target an area around 135k sats the previous all time high which would still be great move and potential profit.
This is our technical point of view on EOS/BTC.
As the chart is looking pretty decent, we would go over fundamentals in next couple of days and bring to you fundamental side of EOS so we can have whole picture of this coin and we would be able to make an overall opinion based on both, technicals and fundamentals.
Best regards, CS Team!
The coin that outperformed the majority of the market after big dump in the late of 2018 got on our list.
EOS, the coin that reached its price before big dump in Q4 2018, is looking pretty good.
3D time frame : http://prntscr.com/mr2a5e
The EOS did something similar to BTC reaching 6k price area. Wouldn't you consider it bullish?
Now, everything that is bullish requires some time until early buyers are out and until big boys accumulate enough.
We do not want to buy too early and then wait for price to find bottom somewhere.
Our eyes are on the green area around 70k satoshies but having in mind the fact that these setups got front run very often because they are looking pretty obvious and clear, we would start buying even a little bit higher (75000).
We consider this as a great trade opportunity. Apart from targeting all time high that would be too optimistic even for biggest fans, we could easily target an area around 135k sats the previous all time high which would still be great move and potential profit.
This is our technical point of view on EOS/BTC.
As the chart is looking pretty decent, we would go over fundamentals in next couple of days and bring to you fundamental side of EOS so we can have whole picture of this coin and we would be able to make an overall opinion based on both, technicals and fundamentals.
Best regards, CS Team!
Lightshot
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Greetings dear members, I hope you are enjoying your weekend
It is March 2nd, 2019
BTC dominance is currently at 52.1% (It raised 0.2% in last 24h). The market cap is currently at $130.0 billion (It dropped $1 billion since our last update). The market volume of the last 24h was $25.3 billion (It is lower for $0.7 than it was 24h ago).
Technical analysis
Daily time frame : https://www.tradingview.com/x/UiuRiOst
The range is still in play. The expected volatility after Ehtereum fork didn't happen which surprised us a little bit but we have to get used to it.
We are currently flat on all Bitmex cryptocurrency pairs. We are waiting for ETH or Bitcoin to show the next sign. We would like to see downtrend until 3550 so we can get nice long entry on Bitcoin if it gives us a sign.
In the range, we are still seeing a lot of fake up and down moves that got invalidated as soon as they happen.
Won't risk at the moment because it would be stupid risk. It would be better to risk when there is opportunity not at this price where next move is hardly to be known which we can see on daily time frames that shows series of Doji candlesticks.
Until it moves, we will stay flat.
Best regards, CS Team!
It is March 2nd, 2019
BTC dominance is currently at 52.1% (It raised 0.2% in last 24h). The market cap is currently at $130.0 billion (It dropped $1 billion since our last update). The market volume of the last 24h was $25.3 billion (It is lower for $0.7 than it was 24h ago).
Technical analysis
Daily time frame : https://www.tradingview.com/x/UiuRiOst
The range is still in play. The expected volatility after Ehtereum fork didn't happen which surprised us a little bit but we have to get used to it.
We are currently flat on all Bitmex cryptocurrency pairs. We are waiting for ETH or Bitcoin to show the next sign. We would like to see downtrend until 3550 so we can get nice long entry on Bitcoin if it gives us a sign.
In the range, we are still seeing a lot of fake up and down moves that got invalidated as soon as they happen.
Won't risk at the moment because it would be stupid risk. It would be better to risk when there is opportunity not at this price where next move is hardly to be known which we can see on daily time frames that shows series of Doji candlesticks.
Until it moves, we will stay flat.
Best regards, CS Team!
Greetings dear members, I hope you are doing great
It is March 3rd, 2019
BTC dominance is currently at 52.1% (It raised 0.1% in last 24h). Since our last update, the market cap raised by $0.1 billion from $130.0 billion to $130.1 billion. The market volume of the last 24h dropped from $25.3 billion to $22.6 billion (- $2.7 billion).
Technical analysis
Weekly time frame: https://www.tradingview.com/x/GXbJfBR4
Daily time frame: https://www.tradingview.com/x/wXN0ojvp
Looking at weekly, if we close a little bit lower, next week could easily reach our dream long entry around 3500. There would be downward momentum if price closes a little bit lower than it is currently now.
We are still not in a trade on any bitmex alt. We are waiting for buy opportunity because we think this month will bring upside momentum and we do not want to miss it by focusing on too small picture trying to catch some dime profit.
Once we reach buy entry, we will let you know.
Best regards, CS Team!
It is March 3rd, 2019
BTC dominance is currently at 52.1% (It raised 0.1% in last 24h). Since our last update, the market cap raised by $0.1 billion from $130.0 billion to $130.1 billion. The market volume of the last 24h dropped from $25.3 billion to $22.6 billion (- $2.7 billion).
Technical analysis
Weekly time frame: https://www.tradingview.com/x/GXbJfBR4
Daily time frame: https://www.tradingview.com/x/wXN0ojvp
Looking at weekly, if we close a little bit lower, next week could easily reach our dream long entry around 3500. There would be downward momentum if price closes a little bit lower than it is currently now.
We are still not in a trade on any bitmex alt. We are waiting for buy opportunity because we think this month will bring upside momentum and we do not want to miss it by focusing on too small picture trying to catch some dime profit.
Once we reach buy entry, we will let you know.
Best regards, CS Team!
Good morning dear members, I hope you are enjoying your day
This is daily update for March 4th, 2019
BTC dominance is currently at 52.6% (It is up 0.5% in last 24h). The total market cap is down for $3.9 billions and currently at $126.1 billion. The volume of the last 24h was $25.9 billion (It raised for $3.3 billion).
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/woY6Jjo3
As we mentioned in our yesterday's update, after bearish weekly close, the price is going down. We are targeting 3550 at least. If that gets reached we will see how low it can go but that's our first main target for the move down.
We hope you read our yesterday's post and didn't long Bitcoin. The move down makes us happy because not only Bitcoin but alts such as Litecoin or Ethereum are coming closer to their great buy entries so be ready becayse after one more move down, we can get some nice entry opportunities.
We are not shorting because of potential support at 3700 that is confluence of horizontal price level and EMA 50.
Best regrds, CS Team!
This is daily update for March 4th, 2019
BTC dominance is currently at 52.6% (It is up 0.5% in last 24h). The total market cap is down for $3.9 billions and currently at $126.1 billion. The volume of the last 24h was $25.9 billion (It raised for $3.3 billion).
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/woY6Jjo3
As we mentioned in our yesterday's update, after bearish weekly close, the price is going down. We are targeting 3550 at least. If that gets reached we will see how low it can go but that's our first main target for the move down.
We hope you read our yesterday's post and didn't long Bitcoin. The move down makes us happy because not only Bitcoin but alts such as Litecoin or Ethereum are coming closer to their great buy entries so be ready becayse after one more move down, we can get some nice entry opportunities.
We are not shorting because of potential support at 3700 that is confluence of horizontal price level and EMA 50.
Best regrds, CS Team!
Forwarded from Future Crypto Experts - Paid Channel
Morning dear members, I hope you are enjoying weekend and egarly waiting for new week
After TRON and before Ethereum, Litecoin made some amazing moves up.
Here is the chart and our analysis : http://prntscr.com/msiczx
Currently, right at resistance looking very good. There is no significant pullback after breaking resistance on 100k sats.
Considering that it is right now in the middle between target 1 and first potential support, it is hard to say that buying now is okay.
Buying breakout is okay but as long as it is sitting right at resistance without too much floor below, it is better to wait because there is probability that support will be tested.
In general, our opinion that with this price action, we can see reaching Target 1 without any doubt.
Looking very strong, currently at price level it was in June 2018, already broke its resistance from Q4 2018 that is still big problem for the majority of coins.
Looking at volume, it is showinng strength and confirming those breakouts.
Best regards, CS Team
After TRON and before Ethereum, Litecoin made some amazing moves up.
Here is the chart and our analysis : http://prntscr.com/msiczx
Currently, right at resistance looking very good. There is no significant pullback after breaking resistance on 100k sats.
Considering that it is right now in the middle between target 1 and first potential support, it is hard to say that buying now is okay.
Buying breakout is okay but as long as it is sitting right at resistance without too much floor below, it is better to wait because there is probability that support will be tested.
In general, our opinion that with this price action, we can see reaching Target 1 without any doubt.
Looking very strong, currently at price level it was in June 2018, already broke its resistance from Q4 2018 that is still big problem for the majority of coins.
Looking at volume, it is showinng strength and confirming those breakouts.
Best regards, CS Team
Lightshot
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