If Bitcoin wants to go up in short-term (next couple of days-weeks), it shouldn’t come close to this swing low. So the support now is around $6500.
Any price action below $6500 will be very risky because everyone will put stop loss below that swing low and if that are gets reached, we could see price even going below $6000 and considering that monthly close is coming in couple 2 weeks the price has to be bought up instantly if that drops happens otherwise we could be in problems because of big shooting star formation that could form on monthly close that wouldn’t be bullish at all.
Any price action below $6500 will be very risky because everyone will put stop loss below that swing low and if that are gets reached, we could see price even going below $6000 and considering that monthly close is coming in couple 2 weeks the price has to be bought up instantly if that drops happens otherwise we could be in problems because of big shooting star formation that could form on monthly close that wouldn’t be bullish at all.
If that happens, new lows won’t happen on Bitcoin but Bitcoin could enter into consolidation range between $5000 and $7000 for couple of months.
It would be perfect scenario for altcoins that would probably create mini alt season if BTC starts consolidating.
So crypto is looking great and that’s the fact. New lows are not coming in our opinion. The only question we have now is either if BTC is going to enter consolidation around 6k that would be very healthy for next move up or we are going to break 8.5k (2019 ATH) and reach next resistance (10k).
It would be perfect scenario for altcoins that would probably create mini alt season if BTC starts consolidating.
So crypto is looking great and that’s the fact. New lows are not coming in our opinion. The only question we have now is either if BTC is going to enter consolidation around 6k that would be very healthy for next move up or we are going to break 8.5k (2019 ATH) and reach next resistance (10k).
Bitcoin update: https://www.tradingview.com/x/ZWBPwXe4
Only close above resistance will trigger next upsider target ($10k)
Only close above resistance will trigger next upsider target ($10k)
This is how weekly resistance looks on daily time frame: https://www.tradingview.com/x/4GgB8Zj6
No close abbove so far!
No close abbove so far!
No close above resistance and drop: https://www.tradingview.com/x/in3nOprG
This is how weekly looks like and where the buy area is.
This is how weekly looks like and where the buy area is.
Those that are waiting for alt season are missing out on a Bitcoin season.
If institutions are comig, they will be buying Bitcoin not shitcoins. If Bitcoin goes up, it may trigger major alts to go up but the projects that have no value are going to be delisted from all exchanges and die.
If institutions are comig, they will be buying Bitcoin not shitcoins. If Bitcoin goes up, it may trigger major alts to go up but the projects that have no value are going to be delisted from all exchanges and die.
Buy XRPBTC on Bitmex.
Entry: 4900-5100 sats
Stop loss: 4599
Targets: 6000, 6800.
Good luck!
Entry: 4900-5100 sats
Stop loss: 4599
Targets: 6000, 6800.
Good luck!
Crypto Signals
It is approaching buy area https://www.tradingview.com/x/WiozzkJ6
Didn’t reach buy area but it followed the way up pretty nicely.
https://www.tradingview.com/x/pJbYrhT5
https://www.tradingview.com/x/pJbYrhT5
Forwarded from Crypto Signals
One of the biggest short squeeze is about to happen with BTC reaching at least $6500 with chances of reaching even $7000.
Forwarded from Crypto Signals
Get ready for Ethereum with targets at $200 and $240.
I won’t say I called BTC and ETH moon mission but these two forwarded messages are very good testimonials.
Now with negative funding on Bitcoin that are bulls paying, we do believe the market will shift to the altcoin pairs where they don’t have to pay any funding. It doesn’t mean BTC will drop, it just mean it may become very interesting in altcoin market finally.
Bitmex ALTs update:
XRP and ETH main favorites
EOS already mooned
LTC doesn’t have that good RR and also we do believe there will be the opportunity to buy this coin in the area between 0.01 and 0.011.
TRX too shady about Justin and his partnerships. Not interesting to play the game of guessing when the next partnership will come up.
BCH accumulation without big signs of the next direction. To many spikes which makes us not interesting because of big risk of being shaken out.
ADA similar setup as XRP but I considering recent big fake out after going to 1500+ sats, we will wait for ADA to start getting momentum before thinking of buying it.
Now with negative funding on Bitcoin that are bulls paying, we do believe the market will shift to the altcoin pairs where they don’t have to pay any funding. It doesn’t mean BTC will drop, it just mean it may become very interesting in altcoin market finally.
Bitmex ALTs update:
XRP and ETH main favorites
EOS already mooned
LTC doesn’t have that good RR and also we do believe there will be the opportunity to buy this coin in the area between 0.01 and 0.011.
TRX too shady about Justin and his partnerships. Not interesting to play the game of guessing when the next partnership will come up.
BCH accumulation without big signs of the next direction. To many spikes which makes us not interesting because of big risk of being shaken out.
ADA similar setup as XRP but I considering recent big fake out after going to 1500+ sats, we will wait for ADA to start getting momentum before thinking of buying it.