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 …
Bitcoin update: https://www.tradingview.com/x/VseXZpYw
We closed monthly pretty bullish which gives us direction for swing positions.
On the daily time frame, we could see very soon people talking about H&S. Whenever you have an uptrend and higher high, there will be a point where there will be potential for H&S. It means going against main trend and if you do it every time it looks like a H&S, you won’t be happy with the results.
Currently, we have high highs and higher lows which is the main component of an uptrend and shorting doesn’t make any sense.
https://www.tradingview.com/x/C44LUvP2
This is the scenario we anticipate. The potential H&S will trigger some bearish momentum but we do not expect it to push the price below 5100-5150. If the bearish momentum happens, that’s an amazing opportunity to buy with the target at least at previous high (we are pretty convenient that price won’t make the double top but new high).
However, if the price doesn’t drop and blast through the resistance, the retest of 5300 is an instant buy with the same target.
We closed monthly pretty bullish which gives us direction for swing positions.
On the daily time frame, we could see very soon people talking about H&S. Whenever you have an uptrend and higher high, there will be a point where there will be potential for H&S. It means going against main trend and if you do it every time it looks like a H&S, you won’t be happy with the results.
Currently, we have high highs and higher lows which is the main component of an uptrend and shorting doesn’t make any sense.
https://www.tradingview.com/x/C44LUvP2
This is the scenario we anticipate. The potential H&S will trigger some bearish momentum but we do not expect it to push the price below 5100-5150. If the bearish momentum happens, that’s an amazing opportunity to buy with the target at least at previous high (we are pretty convenient that price won’t make the double top but new high).
However, if the price doesn’t drop and blast through the resistance, the retest of 5300 is an instant buy with the same target.
SIGNAL: ETHBTC
Type of the trade: LONG
Entry: 0.030-0.031
Stop loss: <0.029
Target 1: 0.0340
Target 2: 0.0370
Target 3: 0.040
Good luck 🚀
Type of the trade: LONG
Entry: 0.030-0.031
Stop loss: <0.029
Target 1: 0.0340
Target 2: 0.0370
Target 3: 0.040
Good luck 🚀
ETHBTC trade is still active.
BTC is ignoring H&S as we expected and slowly but steady trending upward.
There are two potential outcomes in our opinion. Because of the difference between Bitfinex and other exchanges (especially Bitmex), we expect massive short squeeze that can even tap into 6k area.
The second scenario is BTC being rejected by $5400 price level on Bitmex and we see a drop to 4800-5000 area where every buy would be a great option.
The second scenario would be more healthy while the first one would bring huge uncertainty to the market because in that scenario we can see an instant drop after squeeze that would make people unreasonable and big moves can happen easily.
BTC is ignoring H&S as we expected and slowly but steady trending upward.
There are two potential outcomes in our opinion. Because of the difference between Bitfinex and other exchanges (especially Bitmex), we expect massive short squeeze that can even tap into 6k area.
The second scenario is BTC being rejected by $5400 price level on Bitmex and we see a drop to 4800-5000 area where every buy would be a great option.
The second scenario would be more healthy while the first one would bring huge uncertainty to the market because in that scenario we can see an instant drop after squeeze that would make people unreasonable and big moves can happen easily.
Don’t know what will stop BTC to take out the previous high on Bitmex
https://www.tradingview.com/x/QlQODgLc
Once that happens, only God knows what’s next!
https://www.tradingview.com/x/QlQODgLc
Once that happens, only God knows what’s next!
Being short now is similar to shorting Bitcoin on the way up to 20k. It will drop but how many times are you going to be stopped out before catching the short? 🤔
Crypto Signals
SIGNAL: ETHBTC Type of the trade: LONG Entry: 0.030-0.031 Stop loss: <0.029 Target 1: 0.0340 Target 2: 0.0370 Target 3: 0.040 Good luck 🚀
Stop loss reached, next one will be better!
Long squeeze
https://www.tradingview.com/x/GHBbtVOj
Nice push from EMA 21 on H4. Let’s see if we get a close above the horizontal support. In case we close above that support and price gets back above 5650, this was just healthy retracement.
However, if we get a close below the support maybe we can get big long squeeze that wouldn’t be looking so good at all.
It’s a Saturday and couple of previous weeks every move that happened on Saturday was invalidated on Sunday so let’s see how this plays out. Our eyes are on the horizontal support that has to hold if price has intention to go further up!
https://www.tradingview.com/x/GHBbtVOj
Nice push from EMA 21 on H4. Let’s see if we get a close above the horizontal support. In case we close above that support and price gets back above 5650, this was just healthy retracement.
However, if we get a close below the support maybe we can get big long squeeze that wouldn’t be looking so good at all.
It’s a Saturday and couple of previous weeks every move that happened on Saturday was invalidated on Sunday so let’s see how this plays out. Our eyes are on the horizontal support that has to hold if price has intention to go further up!