From the weekly perspective, we are going towards very important weekly close this Sunday that coule potentially confirm the bearishness in the market and be the catalyst for these tests of the broken monthly areas of resistance.
We do not want to guess anything but rather to wait for confirmation. The confirmation that top is in would be bearish engulfing on the weekly time frame that would close below weekly support (8200)
This is how it looks on the weekly: https://www.tradingview.com/x/CWrvazQV
Most people tried to make fun of me when I posted similar post using fibonacci and saying 6k may happen. At that moment when price was at 20k, no one believed 6k will even be reached. Not only that it was reache but we saw break down that led to 50% decline.
I am not trying to do the same thing again but I am showing Fibonacci levels that are matching important weekly and monthly levels perfectly. Look at 0.236% that is at monthly support (7.7k), look at 0.500 that is perfectly on the 6k.
If we get a confirmation and close below 8200 on the weekly time frame, we do believe in June we will see Bitcoin testing some of these areas. Our biggest focus will be on 0.5% and 0.618%.
We do not want to guess anything but rather to wait for confirmation. The confirmation that top is in would be bearish engulfing on the weekly time frame that would close below weekly support (8200)
This is how it looks on the weekly: https://www.tradingview.com/x/CWrvazQV
Most people tried to make fun of me when I posted similar post using fibonacci and saying 6k may happen. At that moment when price was at 20k, no one believed 6k will even be reached. Not only that it was reache but we saw break down that led to 50% decline.
I am not trying to do the same thing again but I am showing Fibonacci levels that are matching important weekly and monthly levels perfectly. Look at 0.236% that is at monthly support (7.7k), look at 0.500 that is perfectly on the 6k.
If we get a confirmation and close below 8200 on the weekly time frame, we do believe in June we will see Bitcoin testing some of these areas. Our biggest focus will be on 0.5% and 0.618%.
This all being said, we expect June to bring some bearishness in the market. For that to happen, we need weekly frame to confirm and we will start looking for short swings targeting 7.3k (important weekly level) and 6k.
ETHUSD https://www.tradingview.com/x/VCyAD50c
This pair is affected by both Bitcoin movement and movement of ETHBTC pair. On to monthly we do not have so much data so we decided to skip to the weekly.
It is clearly having problem with the resistance and if we see close below 245 we would have confirmed bearish engulfing and also close below important weekly area.
We will not short ETHUSD or better to say we will not do swings on this pair. Taking scalps is always an option but because of ETHBTC pair that may start going up if BTC slows down, we are not comfortable shorting ETHUSD.
What we are more interested is longing the green area if the price reaches that area and show the bullish sign in form of bullish engulfing or morning star.
That’s pretty if for this pair there is no reason to make it more complicated. Close below 245 to confirm bearishness and then wait for 200 to long it.
This pair is affected by both Bitcoin movement and movement of ETHBTC pair. On to monthly we do not have so much data so we decided to skip to the weekly.
It is clearly having problem with the resistance and if we see close below 245 we would have confirmed bearish engulfing and also close below important weekly area.
We will not short ETHUSD or better to say we will not do swings on this pair. Taking scalps is always an option but because of ETHBTC pair that may start going up if BTC slows down, we are not comfortable shorting ETHUSD.
What we are more interested is longing the green area if the price reaches that area and show the bullish sign in form of bullish engulfing or morning star.
That’s pretty if for this pair there is no reason to make it more complicated. Close below 245 to confirm bearishness and then wait for 200 to long it.
ETHBTC: https://www.tradingview.com/x/F3B5bvDp
To make things clear, to consider bullish scenario, we need a close above the horizontal line mentioned on the chart.
The price action below is pretty bearish and it won’t make us interested longing it as long as 0.031 is not reclaimed and price shows nice close above.
To make things clear, to consider bullish scenario, we need a close above the horizontal line mentioned on the chart.
The price action below is pretty bearish and it won’t make us interested longing it as long as 0.031 is not reclaimed and price shows nice close above.
66,194 #BTC (550,001,226 USD) transferred from #Binance to unknown wallet.
CZ usually announces big transfer on Twitter. This time it didn’t happen.
New hack or just whale activity?
Tx: https://t.co/Jr5HaJkZgx
CZ usually announces big transfer on Twitter. This time it didn’t happen.
New hack or just whale activity?
Tx: https://t.co/Jr5HaJkZgx
whale-alert.io
Whale Alert | Transaction Details
Whale Alert. Live tracking of large crypto transactions from and to exchanges
XRPBTC: https://www.tradingview.com/x/lZtoe6RP
The only thing that will keep this thing bullish is close above 5200 sats.
Weekly close below can easily trap all these longs and make new drop of 20-30%.
Stop loss still in place, price is still above our entry but if weekly closes below we will exit this trade manually and wait for next week to see what will happen.
To see 20-30% move from XRPBTC pair, we need price reaching close to 6000 which is the area of previous high on daily time frame and the area where bears will put their stop loss orders. If we approach that area, we could easily see short squeeze that can print 20-30% green daily candle.
The only thing that will keep this thing bullish is close above 5200 sats.
Weekly close below can easily trap all these longs and make new drop of 20-30%.
Stop loss still in place, price is still above our entry but if weekly closes below we will exit this trade manually and wait for next week to see what will happen.
To see 20-30% move from XRPBTC pair, we need price reaching close to 6000 which is the area of previous high on daily time frame and the area where bears will put their stop loss orders. If we approach that area, we could easily see short squeeze that can print 20-30% green daily candle.
XRPUSD
This coin went from $0.3 to almost $0.50 and people find drop from $0.47 to $0.42 bearish.
With golden cross in play and this kind of setup, I am curious to see what will happen to cause this pair to go down.
I am bullish, the potential is huge and setup is very simple and straightforward. If we see close below green area, I will be out.
Considering the fact that Bitcoin is bearish for next period, I do believe that XRPBTC will be the reason for XRPUSD pair to go up and that’s why I am long on XRPBTC and holding bought Ripple coins.
This coin went from $0.3 to almost $0.50 and people find drop from $0.47 to $0.42 bearish.
With golden cross in play and this kind of setup, I am curious to see what will happen to cause this pair to go down.
I am bullish, the potential is huge and setup is very simple and straightforward. If we see close below green area, I will be out.
Considering the fact that Bitcoin is bearish for next period, I do believe that XRPBTC will be the reason for XRPUSD pair to go up and that’s why I am long on XRPBTC and holding bought Ripple coins.
This was recap on top3 crypto’s.
We tried to make it clear without double-sided analysis. We explained why we believe it will move in the mentioned directions and what should be confirmation as we as the invalidation sign.
It’s time to update the rest of Bitmex alts and some more altcoins into our paid channel.
Enjoy your day, Crypto Signals Team!
We tried to make it clear without double-sided analysis. We explained why we believe it will move in the mentioned directions and what should be confirmation as we as the invalidation sign.
It’s time to update the rest of Bitmex alts and some more altcoins into our paid channel.
Enjoy your day, Crypto Signals Team!
I will do small Q&A after long time. If you have any question about the market you would like me and my team to cover, contact me on @CryptoSignalsAdmin.
The top5 questions will be answered here in the channel.
The top5 questions will be answered here in the channel.
1) Where you think BTC go max, 8600?
The area that is very important is 8700. We spent there couple of days going above and below that area and if we manage to reclaim that area, I do believe that we will see new high of this move.
So, if I would be short and plan to make it swing position, I would not put stop loss above highs bbut above 8750 or exit there manually because if that gets reclaimed, it’s just question of time when we will start the rally to the new high.
So bearish scenario yeah 8500-8600. Bullish scenario would be of course new high.
The area that is very important is 8700. We spent there couple of days going above and below that area and if we manage to reclaim that area, I do believe that we will see new high of this move.
So, if I would be short and plan to make it swing position, I would not put stop loss above highs bbut above 8750 or exit there manually because if that gets reclaimed, it’s just question of time when we will start the rally to the new high.
So bearish scenario yeah 8500-8600. Bullish scenario would be of course new high.
2)Hello Buddy,
We always say that price can't go up continuously without correction but if you look at bitcoin chart in privious hell pumps or even BNB rise from 4 USD, you will see that there was no serious corrections.
So can we say that it's only the matter of probabilities and sometimes price can go against all the analysis for long time and fails all technicals?
This is very good question. If you zoom out, there is no really any correction on BTC move down on higher time frames. But if you zoom in on daily time frame for example, you will see a lot of wicks.
Look, both sides, long and short, will have stop loss orders in place. For the price to continue going up, there should be move down that would trigger long stop loss orders, kick out them from the market.
So the best way of shaking them by wicking the support and them being bought up instantly which we had couple of time on Bitcoin on this move up. These stop hunts are very important because they create sell off that is required for price to move up further up but that sell off is very fast that doesn’t change market sentiment.
Why sell off is required? There should be balance in the market. The trading is zero sum game so you either win or lose. It means that short and long side has to win/lose equally and broker/exchange will profit from fees. Yeah, even in uptrend like we had some people lost a lot of money. Some of them shorted the clear uptrend and some of them put stop loss on their long positions too tight that it kicked out them from the market before going in their direction.
On the photo below you can see an example of the recent stop hunt on BTC
We always say that price can't go up continuously without correction but if you look at bitcoin chart in privious hell pumps or even BNB rise from 4 USD, you will see that there was no serious corrections.
So can we say that it's only the matter of probabilities and sometimes price can go against all the analysis for long time and fails all technicals?
This is very good question. If you zoom out, there is no really any correction on BTC move down on higher time frames. But if you zoom in on daily time frame for example, you will see a lot of wicks.
Look, both sides, long and short, will have stop loss orders in place. For the price to continue going up, there should be move down that would trigger long stop loss orders, kick out them from the market.
So the best way of shaking them by wicking the support and them being bought up instantly which we had couple of time on Bitcoin on this move up. These stop hunts are very important because they create sell off that is required for price to move up further up but that sell off is very fast that doesn’t change market sentiment.
Why sell off is required? There should be balance in the market. The trading is zero sum game so you either win or lose. It means that short and long side has to win/lose equally and broker/exchange will profit from fees. Yeah, even in uptrend like we had some people lost a lot of money. Some of them shorted the clear uptrend and some of them put stop loss on their long positions too tight that it kicked out them from the market before going in their direction.
On the photo below you can see an example of the recent stop hunt on BTC
3) Do you think has bullrun started? If yes then what indicates you to say that.
Also any tips to trade during bullrun because when someone see all alts 30-40%-2x up already the mind doesn't let me buy any coin bcz of risk but in that sense I will miss it all if all went 10x
I can say that the bottom is in and I would use that as the beginning of the bullrun. I do not think we will close to parabolic move up yet and that this is just showing the power and confirmation of the bottom.
Alts are usually last to follow so when alts are going up parabolically, I would think of moving big part to USD because that’s the time we are about to see market correction that either could be just a small retracement before going up further or big bear market like we had in 2018.
That’s why when Bitcoin is mooning and you are feeling terrible by not longing Bitcoin, focus on altcoins that are usually bleeding and moonitor them closely. Never buy just because they are dropping but once you see support actually acting and showing the signs.
Best example is ripple. We were dropping from 10 000 sats and on the weekly time frame we never see any kind of pullback. This is the first time we see great rejection from support and that’s the time you start looking for buy entry. If you were buying the dip on the way down, you would be underwater right now.
Also any tips to trade during bullrun because when someone see all alts 30-40%-2x up already the mind doesn't let me buy any coin bcz of risk but in that sense I will miss it all if all went 10x
I can say that the bottom is in and I would use that as the beginning of the bullrun. I do not think we will close to parabolic move up yet and that this is just showing the power and confirmation of the bottom.
Alts are usually last to follow so when alts are going up parabolically, I would think of moving big part to USD because that’s the time we are about to see market correction that either could be just a small retracement before going up further or big bear market like we had in 2018.
That’s why when Bitcoin is mooning and you are feeling terrible by not longing Bitcoin, focus on altcoins that are usually bleeding and moonitor them closely. Never buy just because they are dropping but once you see support actually acting and showing the signs.
Best example is ripple. We were dropping from 10 000 sats and on the weekly time frame we never see any kind of pullback. This is the first time we see great rejection from support and that’s the time you start looking for buy entry. If you were buying the dip on the way down, you would be underwater right now.
4) i want to margi 3x all of my money on xrp, what’s the best price to enter?
FIrst of all, good luck, may the God be with you 🙏
If you lose, never say I lost because I traded. Say I lost because I gambled!
Secondly even if you win, you will gain that gambling habit that will cost you sooner or later.
Thirdly, the entry I gave from 4900-5100 is still active and I am still bullish but not the wasy I was before.
The only reason for bullishness is potentially great looking weekly chart but considering that we have 48 hours until the close, it can change a lot and that’s reason I wait for it to add more to that position or to close it and wait for ripple to turn bullish again.
FIrst of all, good luck, may the God be with you 🙏
If you lose, never say I lost because I traded. Say I lost because I gambled!
Secondly even if you win, you will gain that gambling habit that will cost you sooner or later.
Thirdly, the entry I gave from 4900-5100 is still active and I am still bullish but not the wasy I was before.
The only reason for bullishness is potentially great looking weekly chart but considering that we have 48 hours until the close, it can change a lot and that’s reason I wait for it to add more to that position or to close it and wait for ripple to turn bullish again.
5) How to create your own strategy?
You define everything.
Firstly you define what should happen for you to buy something. The more specific you are the better results you will have when it comes to analysing the strategy and finding weak points.
Define what should happen to invalidate your setup. Close below this area, on which time frame, maybe even news could be reason (which I don’t recommend because they are usually to distract us).
Then define what should happen for you to exit and book profit. If price goes in your direction and you keep waiting and being greedy, nothing really matters. You need to book the profit and enjoy the results.
If your only trade was long Bitcoin on 5k and close at 6k even if we reached 9k you have to be proud. You made money while the majority lost.
The most important thing, being constant and strong to follow the rules you will predefine. It is easy in theory, I will do this when this happens but what happens in real world is the things that seperates the winners from everybody else.
And the last one would be journaling which is crucial. You need all your trades written down, you need statistics that will help you see where you perform great and where your performances are not that good. At the beginning, write them down in the notebook and just analyse by going back to them once a week (at the end of week) or once a month (at the end of month).
Hope it helps
You define everything.
Firstly you define what should happen for you to buy something. The more specific you are the better results you will have when it comes to analysing the strategy and finding weak points.
Define what should happen to invalidate your setup. Close below this area, on which time frame, maybe even news could be reason (which I don’t recommend because they are usually to distract us).
Then define what should happen for you to exit and book profit. If price goes in your direction and you keep waiting and being greedy, nothing really matters. You need to book the profit and enjoy the results.
If your only trade was long Bitcoin on 5k and close at 6k even if we reached 9k you have to be proud. You made money while the majority lost.
The most important thing, being constant and strong to follow the rules you will predefine. It is easy in theory, I will do this when this happens but what happens in real world is the things that seperates the winners from everybody else.
And the last one would be journaling which is crucial. You need all your trades written down, you need statistics that will help you see where you perform great and where your performances are not that good. At the beginning, write them down in the notebook and just analyse by going back to them once a week (at the end of week) or once a month (at the end of month).
Hope it helps
Thank you all for the questions. I tried to pick the ones I think would be interested to the majority so I can help as many as possible.
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If you have any questions, make sure to send them to @CryptoSignalsAdmin and I will answer them once I get time.
The most interesting ones will be answered in the channel from time to time!
Enjoy the rest of the day, see you tomorrow!
If you find our channel valuable, invite your friends to help us grow the community and spread our words to as many as possible.
You can invite them via this link: https://news.1rj.ru/str/CryptoExpertSignals
If you have any questions, make sure to send them to @CryptoSignalsAdmin and I will answer them once I get time.
The most interesting ones will be answered in the channel from time to time!
Enjoy the rest of the day, see you tomorrow!
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STRAT/BTC
This coin was requested by some members so here is quick and simple analysis.
This coin is dead for me until it comes back above 2000sats that was the floor for this coin.
I would rather buy 100% higher than buy now because this can go to zero and there is no area where you can put stop loss that makes sense.
The potential is huge so it doesn’t matter if you buy at 1000 or 2000 sats but buying at 2000 would be with confirmation and that’s what is crucial here.
Without confirmation it can slowly day in the future.
This coin was requested by some members so here is quick and simple analysis.
This coin is dead for me until it comes back above 2000sats that was the floor for this coin.
I would rather buy 100% higher than buy now because this can go to zero and there is no area where you can put stop loss that makes sense.
The potential is huge so it doesn’t matter if you buy at 1000 or 2000 sats but buying at 2000 would be with confirmation and that’s what is crucial here.
Without confirmation it can slowly day in the future.
NEO/BTC
Similar to STRAT, for this coin to gain attention again we need to see NEO back in the mentioned range on the chart.
If that doesn’t happen it can start bleeding more and more and no one knows when the bottom will be in.
So, this is not time to buy it, it tests main resistance and buy option makes sense only if we see this coing in the range again.
Similar to STRAT, for this coin to gain attention again we need to see NEO back in the mentioned range on the chart.
If that doesn’t happen it can start bleeding more and more and no one knows when the bottom will be in.
So, this is not time to buy it, it tests main resistance and buy option makes sense only if we see this coing in the range again.
Trading/Investing Advice
Define your goal is the main point people are ignoring. Are you Bitcoin maximalist and you want to accumulate it believing one day we can see astonishing price or you see crypto only as an opportunity to make money at this moment without being much into it and its future?
If you want to grow BTC then 70% of your portfolio has to always be in BTC and your maximum exposure to USD or alts is up to 30%. If you are fully exposed to ALTs or USD, the move Bitcoin makes could cause you to lose a lot of Bitcoins you had which is the worst thing you want to happen.
The USD value of Bitcoin doesn’t matter to you because you believe once in the future it will worth a lot more.
If you grow USD and want to make money at this moment, then you have to be at least 70% in USD and up to 30% in other coins. Any major move won’t damage your account as it would if you are fully exposed to crypto.
Being 70% in BTC in first example and 70% in USD in second example is what gives you always opportunity to take a trade when it happens. You will always have enough money to take new trade. The worst thing you can make is to be fully in alts without clear exit plan. The balance you had can drop drastically if it goes against you and that’s something we all want to avoid.
Hope you get some value from the advice we share with you.
Best regards, CS Admin!
Define your goal is the main point people are ignoring. Are you Bitcoin maximalist and you want to accumulate it believing one day we can see astonishing price or you see crypto only as an opportunity to make money at this moment without being much into it and its future?
If you want to grow BTC then 70% of your portfolio has to always be in BTC and your maximum exposure to USD or alts is up to 30%. If you are fully exposed to ALTs or USD, the move Bitcoin makes could cause you to lose a lot of Bitcoins you had which is the worst thing you want to happen.
The USD value of Bitcoin doesn’t matter to you because you believe once in the future it will worth a lot more.
If you grow USD and want to make money at this moment, then you have to be at least 70% in USD and up to 30% in other coins. Any major move won’t damage your account as it would if you are fully exposed to crypto.
Being 70% in BTC in first example and 70% in USD in second example is what gives you always opportunity to take a trade when it happens. You will always have enough money to take new trade. The worst thing you can make is to be fully in alts without clear exit plan. The balance you had can drop drastically if it goes against you and that’s something we all want to avoid.
Hope you get some value from the advice we share with you.
Best regards, CS Admin!