Good evening dear members, we hope you are doing amazing
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/KclKpNgi
We are currently flat on BTC. It can either go to $3500 or up to $4400 and we think it will happen very fast, probably this week.
Chances are equal and we have reasons for both scenario.
Same thing on Ethereum. The coin we are interest in at the moment is Litecoin that looks weak. After it pulled market up, it shows signs of exhaustion and we do believe it will decline in value.
Since the Bitmex contract expires in 10 days, shorting there could be more like a scalp because you can't hold to major targets because contract will be closed soon.
If you bought Litecoin, this is the time to get off some of your coins and rebuy them lower. You will certainly get chance to rebuy at least at 0.013 BTC but we believe all the way don to 0.01-0.011 area will be some wicks.
TRX and XRP are losing their floor which gives us clear picture. Alts are losing steam and it usually means big move in Bitcoin price.
We will try to catch that move but at this moment, both sides are possible.
This was our market overview. We hope it helped you!
Best regards, CS Team
Technical analysis
Bitcoin Daily Time Frame: https://www.tradingview.com/x/KclKpNgi
We are currently flat on BTC. It can either go to $3500 or up to $4400 and we think it will happen very fast, probably this week.
Chances are equal and we have reasons for both scenario.
Same thing on Ethereum. The coin we are interest in at the moment is Litecoin that looks weak. After it pulled market up, it shows signs of exhaustion and we do believe it will decline in value.
Since the Bitmex contract expires in 10 days, shorting there could be more like a scalp because you can't hold to major targets because contract will be closed soon.
If you bought Litecoin, this is the time to get off some of your coins and rebuy them lower. You will certainly get chance to rebuy at least at 0.013 BTC but we believe all the way don to 0.01-0.011 area will be some wicks.
TRX and XRP are losing their floor which gives us clear picture. Alts are losing steam and it usually means big move in Bitcoin price.
We will try to catch that move but at this moment, both sides are possible.
This was our market overview. We hope it helped you!
Best regards, CS Team
Good morning dear members, we hope you are doing great
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/ZIAvjUT4
Too many time got rejected by resistance. Yesterday we had a breakout that was fully invalidated.
Looking at the long vs short ratio, we see 50/50 on Bitfinex and 60/40 on Bitmex. We all know that the majority is looking on Bitfinex for this ratio because it is not that easy to find the ratio for Bitmex.
The 50/50 ratio in Bitfinex makes the situation look uncertain but looking at Bitmex where 60% of longs are opened, we would doubt that it will go up. This is a big potential trap. All twitter is covered with $4400 target and it makes perfect sentiment for a big market trap.
Looking at Ethereum, we have a clear weakness. Looking at Litecoin too. So, whatever Bitcoin does, we expect a decline from these two in BTC value.
We are bearish on BTC and we think $3500-3600 area has higher chances to be reached than Twitter target $4400.
Best regards, CS Team
Technical analysis
Bitcoin Daily Time Frame : https://www.tradingview.com/x/ZIAvjUT4
Too many time got rejected by resistance. Yesterday we had a breakout that was fully invalidated.
Looking at the long vs short ratio, we see 50/50 on Bitfinex and 60/40 on Bitmex. We all know that the majority is looking on Bitfinex for this ratio because it is not that easy to find the ratio for Bitmex.
The 50/50 ratio in Bitfinex makes the situation look uncertain but looking at Bitmex where 60% of longs are opened, we would doubt that it will go up. This is a big potential trap. All twitter is covered with $4400 target and it makes perfect sentiment for a big market trap.
Looking at Ethereum, we have a clear weakness. Looking at Litecoin too. So, whatever Bitcoin does, we expect a decline from these two in BTC value.
We are bearish on BTC and we think $3500-3600 area has higher chances to be reached than Twitter target $4400.
Best regards, CS Team
Forwarded from Future Crypto Experts - Paid Channel
XRP/BTC: http://prntscr.com/n0vwoo
It is losing 8000 sats floor as expected.
3 potential support below:
1) 7000 sats - If price bounces off from this area and closes above 9000 sats, that would be pretty bullish scenario because in that case, we would have very visible H&S on higher time frames which could lead us to huge breakout. Something big has to happen for the price to bounces from this price level.
2) 6000 sats is the middle area between dream entry and 7000. It has influence in the past so we have to consider this as potential support.
Buying small portion there would be okay because at least short-term bounce off will occur but as it is still 30-40% higher from dream buy, going big there would be risky cause you may be stuck in Ripple for months until it moon.
3) 4500 sats is a dream buy. We do not have any idea what will bring the price to this area but if that happens, there is no doubt that it will be an amazing entry.
The only thing that can bring us to this area that gets on our mind is potential quite a time for ripple, without big updates which would cause decline step by step to 6000 sats and then liquidity spike to 4000-4500 area and instant buyback.
Ripple is one of the coins that have a huge community and a lot of people are big on Ripple. If Ripple underperforms the rest of the market which is likely to happen, selling pressure may rise which would bring the price to the area of dream buy.
Don't short it on Bitmex. It is used to random liquidity spikes to the upside and downside as well. So, you may be right that it will drop but because of these spikes, you will be out. You will be right and still lose money.
This is just to prepare you for a good buy entry. If Ripple surprises us and moon before touching one of these 3 areas, we would buy only if we see a strong close above 9000 sats. The buy would be on a non-leverage exchange, such as Binance.
It is losing 8000 sats floor as expected.
3 potential support below:
1) 7000 sats - If price bounces off from this area and closes above 9000 sats, that would be pretty bullish scenario because in that case, we would have very visible H&S on higher time frames which could lead us to huge breakout. Something big has to happen for the price to bounces from this price level.
2) 6000 sats is the middle area between dream entry and 7000. It has influence in the past so we have to consider this as potential support.
Buying small portion there would be okay because at least short-term bounce off will occur but as it is still 30-40% higher from dream buy, going big there would be risky cause you may be stuck in Ripple for months until it moon.
3) 4500 sats is a dream buy. We do not have any idea what will bring the price to this area but if that happens, there is no doubt that it will be an amazing entry.
The only thing that can bring us to this area that gets on our mind is potential quite a time for ripple, without big updates which would cause decline step by step to 6000 sats and then liquidity spike to 4000-4500 area and instant buyback.
Ripple is one of the coins that have a huge community and a lot of people are big on Ripple. If Ripple underperforms the rest of the market which is likely to happen, selling pressure may rise which would bring the price to the area of dream buy.
Don't short it on Bitmex. It is used to random liquidity spikes to the upside and downside as well. So, you may be right that it will drop but because of these spikes, you will be out. You will be right and still lose money.
This is just to prepare you for a good buy entry. If Ripple surprises us and moon before touching one of these 3 areas, we would buy only if we see a strong close above 9000 sats. The buy would be on a non-leverage exchange, such as Binance.
Lightshot
Screenshot
Captured with Lightshot
Forwarded from Future Crypto Experts - Paid Channel
LTC/BTC
4H : http://prntscr.com/n0wea2
3D: http://prntscr.com/n0wgp6
Looking at lower time frame (4H), yesterday's buyback was an obvious bullish sign but looking at where it happened in the overall trend, we will not buy that bullish sign.
If the sentiment is bullish, the buyback that happened yesterday would already take price 7-10% higher. In this situation, it hit 0.0150 and dropped to an initial price.
If this buyback didn't bring us new bullish move to 0.0160, I am curious what will. If the price won't go up, there is only one way where it can go 📉
We will not short it because on Bitmex it is too low volume for our investment account but if you have low account size, why not. We would even share. short signal but the fact that the contract expires in 8 days doesn't give us enough time for the main target to be reached.
This is the coin you want to have in next "altcoin season" but don't buy it now because it can easily test at least 0.0130 and remain extra bullish because that test on higher time frames would be very small decline which would give a very bullish sign of an overall market trend.
If we shared dream buy for Ripple, here is the dream buy for Litecoin. It is obviously area around 0.0100
4H : http://prntscr.com/n0wea2
3D: http://prntscr.com/n0wgp6
Looking at lower time frame (4H), yesterday's buyback was an obvious bullish sign but looking at where it happened in the overall trend, we will not buy that bullish sign.
If the sentiment is bullish, the buyback that happened yesterday would already take price 7-10% higher. In this situation, it hit 0.0150 and dropped to an initial price.
If this buyback didn't bring us new bullish move to 0.0160, I am curious what will. If the price won't go up, there is only one way where it can go 📉
We will not short it because on Bitmex it is too low volume for our investment account but if you have low account size, why not. We would even share. short signal but the fact that the contract expires in 8 days doesn't give us enough time for the main target to be reached.
This is the coin you want to have in next "altcoin season" but don't buy it now because it can easily test at least 0.0130 and remain extra bullish because that test on higher time frames would be very small decline which would give a very bullish sign of an overall market trend.
If we shared dream buy for Ripple, here is the dream buy for Litecoin. It is obviously area around 0.0100
Lightshot
Screenshot
Captured with Lightshot
Forwarded from Future Crypto Experts - Paid Channel
The coin that made me 60X in January 2018 when I was buying at $.3 and selling roughly at the top ($16 and $20) is warming up again.
This is an amazing way to raise demand for KCS: https://www.kucoin.com/news/en-introducing-kucoin-spotlight
If they can continue with such great updates, it can be a good copycat of BNB.
Of course that the size and value of these two cant be measured, but it doesn't matter because the price will follow the hype and updates like this one are going to increase the hype for sure.
This is an amazing way to raise demand for KCS: https://www.kucoin.com/news/en-introducing-kucoin-spotlight
If they can continue with such great updates, it can be a good copycat of BNB.
Of course that the size and value of these two cant be measured, but it doesn't matter because the price will follow the hype and updates like this one are going to increase the hype for sure.
Kucoin
Introducing KuCoin Spotlight | KuCoin
Dear KuCoin users,KuCoin has been persistent in its pursuit of finding and supporting blockchain projects with real potential. KuCoin’s vision brings Spotlight
BTC/USD: https://www.tradingview.com/x/ONa9KQ3y
If this move doesn't get bought up, major move down and selloff is coming.
If this move doesn't get bought up, major move down and selloff is coming.
Forwarded from Future Crypto Experts - Paid Channel
BTC/USD: https://www.tradingview.com/x/pWhd0ogO
Two things we want to say about this. The bullish scenario is postponed at least for the next 36-48 hours. In this period, it is either going to drop further down to EMA 50 (3850) and even further or it is going to consolidate above 3950 and gain momentum for up move.
It is bearish engulfing and type of the market you do not want to long as long as it is below 4000. Why 4000?
4H: https://www.tradingview.com/x/0CjGpJnP
Look at this price action that gives us the range 3950-4000.
We can't say we are extra bearish because of yesterday's move down. Yeah, it dropped but without follow up and without price action on lower time frames that would make us extra bearish.
We have ETH short, but on BTC we are flat waiting for either test of these two bands of the range to see how it responds. Yeah, more interested in short but the biggest question is what type of trade to take: scalp or swing. We do believe it will go down to test yesterday's low but what will happen after that is something we can't say now.
Two things we want to say about this. The bullish scenario is postponed at least for the next 36-48 hours. In this period, it is either going to drop further down to EMA 50 (3850) and even further or it is going to consolidate above 3950 and gain momentum for up move.
It is bearish engulfing and type of the market you do not want to long as long as it is below 4000. Why 4000?
4H: https://www.tradingview.com/x/0CjGpJnP
Look at this price action that gives us the range 3950-4000.
We can't say we are extra bearish because of yesterday's move down. Yeah, it dropped but without follow up and without price action on lower time frames that would make us extra bearish.
We have ETH short, but on BTC we are flat waiting for either test of these two bands of the range to see how it responds. Yeah, more interested in short but the biggest question is what type of trade to take: scalp or swing. We do believe it will go down to test yesterday's low but what will happen after that is something we can't say now.
Forwarded from Future Crypto Experts - Paid Channel
BTC/USD: https://www.tradingview.com/x/dXiGcYNb
This is what we expect from BTC to do today. If it drops below recent swing low, we may see big dump to at least EMA 50 because below that previous low are stop loss orders and if they get reached, autofill will happen instantly.
If bitcoin wants to go up, it has to take out this low and to be bought instantly so we can expect upward momentum.
So, today we expect the decline to that low and after that, we will see what next.
This is what we expect from BTC to do today. If it drops below recent swing low, we may see big dump to at least EMA 50 because below that previous low are stop loss orders and if they get reached, autofill will happen instantly.
If bitcoin wants to go up, it has to take out this low and to be bought instantly so we can expect upward momentum.
So, today we expect the decline to that low and after that, we will see what next.
Forwarded from Future Crypto Experts - Paid Channel
Short ETH
Entry: 135.0-137.0
Stop loss above 139.0
Targets:
1) 127
2) 122
3) 113
The range is literally for three weeks, and we are seeing it is getting tighter and tighter and we do believe very soon the big move is coming and our opinion is that it is going to move down.
Good Luck
Entry: 135.0-137.0
Stop loss above 139.0
Targets:
1) 127
2) 122
3) 113
The range is literally for three weeks, and we are seeing it is getting tighter and tighter and we do believe very soon the big move is coming and our opinion is that it is going to move down.
Good Luck
Fake trading volume
There was a lot of rumors that coinmarketcap is showing fake trading volume. Now, we finally have the confirmation but this surprised even the biggest haters. More than 90% of the volume is fake 😱
Maybe you were curious why we stopped using the volume on our charts. Here is a clear reason. We did that 3-4 months ago because manipulation on volume was obvious.
Go on coinmarketcap and check the highest volume for BTC pairs. Where is Binance, the biggest crypto exchange? Yeah, even there are some fae volumes there but it can't be compared to the rest by fake volume. Looks like 99% of declared volume on other exchanges are fake which is shocking.
Suggestion to all of you is to exclude volume from your analysis because it won't help you. On some exchanges the volume will be extremely high while on others will be low. Which one to trust?
There was a lot of rumors that coinmarketcap is showing fake trading volume. Now, we finally have the confirmation but this surprised even the biggest haters. More than 90% of the volume is fake 😱
Maybe you were curious why we stopped using the volume on our charts. Here is a clear reason. We did that 3-4 months ago because manipulation on volume was obvious.
Go on coinmarketcap and check the highest volume for BTC pairs. Where is Binance, the biggest crypto exchange? Yeah, even there are some fae volumes there but it can't be compared to the rest by fake volume. Looks like 99% of declared volume on other exchanges are fake which is shocking.
Suggestion to all of you is to exclude volume from your analysis because it won't help you. On some exchanges the volume will be extremely high while on others will be low. Which one to trust?
Forwarded from Future Crypto Experts - Paid Channel
BTC/USD: https://www.tradingview.com/x/EgZ5zOo8
This chart is looking weak and we do believe the big dump may happen very soon. Apart from the chart, there are a few other reasons.
Longs are extremely high. We do not care about the number of opened longs or short but their ratio. The fact that 64% of positions on Bitmex are long would scare me to even think of longing.
As we follow this ratio consistently, it is barely to see ratio above 60%. Now it is almost 65%.
Why is this important?
If this moon, Bitmex will be in trouble. There are not enough short positions to feed all these longs once they end up in profit. If we see a move of 10% to the upside, a significant percentage of these shorts will be liquidated and then Bitmex will have to pay all these longs.
This is data from Bitmex, not Bitfinex. On Bitfinex we have 56% longs, but the number of dollars in those longs is way lower than on Bitmex.
Another reason is the bullish tweet by CNBC. You will think I am joking, but if you check in history, whenever they turn bullish, the price usually drops. If they turn bearish, bullish momentum is expected.
So, two things may happen in our opinion.
The first thing is the massive drop to $3700 and later on maybe even to $3500. The second scenario would be massive long squeeze that will be bought back so the number of longs will decrease drastically so the price can go up without all these longs waiting to cash out and dump their bags.
Either a big dump or a big dump that will be bought back instantly. The second scenario is called manipulation but when you are trading on Bitmex, everything is manipulated so you even forget that exists and you even anticipate manipulation.
This chart is looking weak and we do believe the big dump may happen very soon. Apart from the chart, there are a few other reasons.
Longs are extremely high. We do not care about the number of opened longs or short but their ratio. The fact that 64% of positions on Bitmex are long would scare me to even think of longing.
As we follow this ratio consistently, it is barely to see ratio above 60%. Now it is almost 65%.
Why is this important?
If this moon, Bitmex will be in trouble. There are not enough short positions to feed all these longs once they end up in profit. If we see a move of 10% to the upside, a significant percentage of these shorts will be liquidated and then Bitmex will have to pay all these longs.
This is data from Bitmex, not Bitfinex. On Bitfinex we have 56% longs, but the number of dollars in those longs is way lower than on Bitmex.
Another reason is the bullish tweet by CNBC. You will think I am joking, but if you check in history, whenever they turn bullish, the price usually drops. If they turn bearish, bullish momentum is expected.
So, two things may happen in our opinion.
The first thing is the massive drop to $3700 and later on maybe even to $3500. The second scenario would be massive long squeeze that will be bought back so the number of longs will decrease drastically so the price can go up without all these longs waiting to cash out and dump their bags.
Either a big dump or a big dump that will be bought back instantly. The second scenario is called manipulation but when you are trading on Bitmex, everything is manipulated so you even forget that exists and you even anticipate manipulation.
BTC/USD: http://prntscr.com/n73pt5
Amazing move up. If it drops to 4700, we will long it or at least look for longs. If it goes to 5800-6000, we will look for shorts.
Everything else right now is gambling and empty room without support/resistance.
Amazing move up. If it drops to 4700, we will long it or at least look for longs. If it goes to 5800-6000, we will look for shorts.
Everything else right now is gambling and empty room without support/resistance.
Lightshot
Screenshot
Captured with Lightshot
We see weakness in the market which makes us believe that Bitcoin is about to test $4600-4700 area before going further up. If that area holds, we may see an attempt of reaching a new local high around $5500.
Going towards our projected area of 4700 after making a fakeout to the upside showing clear weakness.
Forwarded from Future Crypto Experts - Paid Channel
BITCOIN UPDATE
H4 time frame: https://www.tradingview.com/x/n9OnoTBM
Starting from H4 time frame, we see numerous rejection from 5150 which turned to be great support area. Considering the bullish momentum, we expect further up move especially after bullish MA crossover happened on H1.
If it is going to drop, I do believe the highs has to be taken out because that's the area with massive number of short stop loss orders. Once these shorts are taken out, we will get a lot of potential short sellers again and if price shows weakness, we could see sharp move down.
So, our current opinion is that if we see H4 close above 5300, we will see new highs that could either lead us to 5500 and further up or that it will be just stop run.
H4 time frame: https://www.tradingview.com/x/n9OnoTBM
Starting from H4 time frame, we see numerous rejection from 5150 which turned to be great support area. Considering the bullish momentum, we expect further up move especially after bullish MA crossover happened on H1.
If it is going to drop, I do believe the highs has to be taken out because that's the area with massive number of short stop loss orders. Once these shorts are taken out, we will get a lot of potential short sellers again and if price shows weakness, we could see sharp move down.
So, our current opinion is that if we see H4 close above 5300, we will see new highs that could either lead us to 5500 and further up or that it will be just stop run.
Bitcoin Update
Last 48 hours brought fear into the market but in our opinion it is nothing more than shaking out weak hands before going up further (at least to take out previous high).
https://www.tradingview.com/x/zQd217LE
Buying between 2nd and 3rd support would be great if price reaches those areas.
Not expecting break of 6k but expecting reaching new highs of local uptrend with potential top around $5800.
If April closes around $5500-6000, then there is potential that the bear market is over and that potential decline to $4500-4800 will be last opportunity to get Bitcoin in that area.
If we see monthly close below $5000 or even wrose if it happens below $4500, we do believe May will be red and potential of reaching new lows of the downtrend will be high.
Last 48 hours brought fear into the market but in our opinion it is nothing more than shaking out weak hands before going up further (at least to take out previous high).
https://www.tradingview.com/x/zQd217LE
Buying between 2nd and 3rd support would be great if price reaches those areas.
Not expecting break of 6k but expecting reaching new highs of local uptrend with potential top around $5800.
If April closes around $5500-6000, then there is potential that the bear market is over and that potential decline to $4500-4800 will be last opportunity to get Bitcoin in that area.
If we see monthly close below $5000 or even wrose if it happens below $4500, we do believe May will be red and potential of reaching new lows of the downtrend will be high.
Forwarded from Future Crypto Experts - Paid Channel
Hello, here is an opportunity to take a trade: https://www.tradingview.com/x/0lXMOMPL
We got confirmation on H4 and considering whole move down, before going up we think the lows have to be taken out so we will shake out impatient buyers and be ready for move up.
We got confirmation on H4 and considering whole move down, before going up we think the lows have to be taken out so we will shake out impatient buyers and be ready for move up.
BTC/USD: https://www.tradingview.com/x/1HgciIqM
It’s at resistance at the moment. Once it closes above the red area, we expect highs to be taken out.
As long as it is struggling with the close, the down move is expected before going up higher.
We are not shorting resistance but waiting either for a close above for longs or drop to long lower.
It’s at resistance at the moment. Once it closes above the red area, we expect highs to be taken out.
As long as it is struggling with the close, the down move is expected before going up higher.
We are not shorting resistance but waiting either for a close above for longs or drop to long lower.
Ledger
WARNING: we’ve detected a malware that locally replaces the Ledger Live desktop application by a malicious one.
https://twitter.com/ledger/status/1121439219086495745?s=21
WARNING: we’ve detected a malware that locally replaces the Ledger Live desktop application by a malicious one.
https://twitter.com/ledger/status/1121439219086495745?s=21
Twitter
WARNING: we’ve detected a malware that locally replaces the Ledger Live desktop application by a malicious one. Users of infected computers are asked to enter their 24-word recovery phrase after a fake update. Please refer to our security best practices …