EOSBTC H4 time frame shows a clear picture. The area around 0.618 fib level is not only a fib level but daily support an area of interest based on other tools that I keep in background.
If we lose this area and enters below 8000, I do believe further decline will come all the way down to 7000.
The bounce off from 0.618 would trigger move up 8800-9000.
I do not see any clear trade opportunity on EOS right now so if you are not in a need to trade this, I would suggest waiting for some good profitable setup to come up.
If we lose this area and enters below 8000, I do believe further decline will come all the way down to 7000.
The bounce off from 0.618 would trigger move up 8800-9000.
I do not see any clear trade opportunity on EOS right now so if you are not in a need to trade this, I would suggest waiting for some good profitable setup to come up.
ICXBTC was ranging more than half of a year in the marked trading range. Once the support of that range is lost, its equal to Bitcoin losing 6k floor. It will become bullish only if it gets reclaimed.
The first bullish side would be a move above the lower border of that range. That would be potential hope for ICON to go up.
The second sign and main confirmation would be close above upper border that would unleash the potential of this coin.
There is potential but as long as it is above this range, it can stay there forever.
I would and probably will buy small portion if we reenter range and a then bigger portion if ICON breaks above range.
If neither of these two happens, I will not touch it because as I said it can stay there forever.
The first bullish side would be a move above the lower border of that range. That would be potential hope for ICON to go up.
The second sign and main confirmation would be close above upper border that would unleash the potential of this coin.
There is potential but as long as it is above this range, it can stay there forever.
I would and probably will buy small portion if we reenter range and a then bigger portion if ICON breaks above range.
If neither of these two happens, I will not touch it because as I said it can stay there forever.
ICXUSD pair looks even more simple to analyse. The move above 0.50 will be the first sign for this coin. If price doesn’t reclaim that level, God bless ICON holders 🙏
The setup for ICON is very easy as I explained on BTC pair. Move in the range first sign, move above range confirmation and sign to buy more.
The setup for ICON is very easy as I explained on BTC pair. Move in the range first sign, move above range confirmation and sign to buy more.
XRPBTC nice bounce off support and the first target is the area above 500.
The technicals look nice especially because both of the pairs are pointing in the same direction.
So as long USD pair is holding in the mentioned range and this support on BTC pair is holding, upside move is expected.
The technicals look nice but don’t ask me about my opinion about Tron’s project because I do not like the way they are doing their stuff. Better to keep on this because I could say a lot of bad things about TRON 🤷♂️🤭
The technicals look nice especially because both of the pairs are pointing in the same direction.
So as long USD pair is holding in the mentioned range and this support on BTC pair is holding, upside move is expected.
The technicals look nice but don’t ask me about my opinion about Tron’s project because I do not like the way they are doing their stuff. Better to keep on this because I could say a lot of bad things about TRON 🤷♂️🤭
ADABTC was looking amazing. It broke from trading range, the odds were amazing but the it dropped back to range which is huge bearish sign and if we drop below this trading range and lose support, ADA holders are in big problem.
So buy scenarion makes sense only if we get above trading range again. As long as we are in trading range we have clear possibility of seeing breakdown which would be terrible for this coin.
Wait for move above the range to look for buy ADA.
So buy scenarion makes sense only if we get above trading range again. As long as we are in trading range we have clear possibility of seeing breakdown which would be terrible for this coin.
Wait for move above the range to look for buy ADA.
3 hours of charting 😁
A lot of charts shared tonight in this #TechnicalEvening. I hope was helpful for you. I tried to give my honest opinion without guessing too much, sharing only what I see.
One more time, this channel is about to explode with the amount of quality content. I hope you are ready 😊.
Our paid group is close but we will reopen it in the near future after new features are updated. If you want to reserve your spot, message me @CryptoSignalsAdmin.
A lot of charts shared tonight in this #TechnicalEvening. I hope was helpful for you. I tried to give my honest opinion without guessing too much, sharing only what I see.
One more time, this channel is about to explode with the amount of quality content. I hope you are ready 😊.
Our paid group is close but we will reopen it in the near future after new features are updated. If you want to reserve your spot, message me @CryptoSignalsAdmin.
Let me know your opinion about our first #TechnicalEvening. I appreciate all your feedback 🙏
And for the end, here is small peak of our paid channel. We missed BTC short entry because we were waiting for BTC to test $8200 where we would get great risk reward for our setup.
As it didn’t happen, we missed BTC but didn’t miss ETHUSD that was reached short area perfectly and dropped instantly.
As it didn’t happen, we missed BTC but didn’t miss ETHUSD that was reached short area perfectly and dropped instantly.
What makes you profit in trading is constantly trading high risk-reward setups with a strong confirmation. If you keep doing this, you will have high chances of having profitable results in trading.
The $8200 acted as resistance 2 times before, then bulls managed to flip it into the support and now we dropped below without retest of that area.
If you short now, stop loss should be above that area which is roughly $500 from the current price. The target is at next weekly support ($7300) which is $500 from the current price.
We have a 1:1 risk reward which is too low. How to make it better?
Simply wait for a better entry. If you short at $8000, stop loss will be $300 from entry price while the target will be $700 and it gives you a 1:2.3 risk reward which is way better.
What if you managed to short at $8200 and put stop loss at $8400 to let it breathe. The target is still the same at $7300 and it would be $900 from the current price. The risk-reward would be 1:4.5.
Do you see the difference? Trading the same setup but just waiting for a better entry. Even if you miss it, you shouldn’t be upset because once you get it, you will have 1:4 or even higher risk-reward.
Catch only 3 trades with this risk-reward in a month and you will perform better than 98% of all traders in the market.
Make math works for you and take advantage of it. Quality matters, not the quantity, keep that in mind.
So we are waiting for BTC to show price action above $8000 to test broken support and that will be the time we will be looking for short entry opportunity.
Close above broken support changes everything and we will talk about it if that happens, there is no reason to talk about something that is just still far away.
The $8200 acted as resistance 2 times before, then bulls managed to flip it into the support and now we dropped below without retest of that area.
If you short now, stop loss should be above that area which is roughly $500 from the current price. The target is at next weekly support ($7300) which is $500 from the current price.
We have a 1:1 risk reward which is too low. How to make it better?
Simply wait for a better entry. If you short at $8000, stop loss will be $300 from entry price while the target will be $700 and it gives you a 1:2.3 risk reward which is way better.
What if you managed to short at $8200 and put stop loss at $8400 to let it breathe. The target is still the same at $7300 and it would be $900 from the current price. The risk-reward would be 1:4.5.
Do you see the difference? Trading the same setup but just waiting for a better entry. Even if you miss it, you shouldn’t be upset because once you get it, you will have 1:4 or even higher risk-reward.
Catch only 3 trades with this risk-reward in a month and you will perform better than 98% of all traders in the market.
Make math works for you and take advantage of it. Quality matters, not the quantity, keep that in mind.
So we are waiting for BTC to show price action above $8000 to test broken support and that will be the time we will be looking for short entry opportunity.
Close above broken support changes everything and we will talk about it if that happens, there is no reason to talk about something that is just still far away.
Last 12 months confirm what we believe that could happen in 3-5 years. In our opinion, 90% of altcoins we have today will disappear in this period.
The reasons may vary but the fact is that most of them vanish from the market. What’s worst, maybe 90% is too small % because currently we have 2000+ of them and it means 200+ will succeed which is not likely to happen. The % of those that will make it is way lower.
Why?
Simply, 90% are still in their whitepaper dreams. It is easy to write promises. The hard part is not to deliver but to over-deliver because that’s what brings awareness to you and your project.
Don’t try to prove someone wrong by constantly saying it will go up. That person doesn’t care but your egoism will keep you holding coins that may be worth zero very soon.
Technicals for the majority of altcoins looks terrible. No, it won’t be worth zero but it will reach the stage where daily volume will be too low that you won’t be able to sell your coins because no one is buying them.
Bitcoin broke through 6k floor, alts dropped. Bitcoin went up, alts dropped.
The main reason that makes us believe in this is the institutions. They are massively coming but they won’t be buying a coin that is 200th on the market cap. They will be accumulating Bitcoin and some of them will diversify their money in a couple of them and that’s it. They don’t buy things that lost 98% of its value in less than a year so why should you?
The reasons may vary but the fact is that most of them vanish from the market. What’s worst, maybe 90% is too small % because currently we have 2000+ of them and it means 200+ will succeed which is not likely to happen. The % of those that will make it is way lower.
Why?
Simply, 90% are still in their whitepaper dreams. It is easy to write promises. The hard part is not to deliver but to over-deliver because that’s what brings awareness to you and your project.
Don’t try to prove someone wrong by constantly saying it will go up. That person doesn’t care but your egoism will keep you holding coins that may be worth zero very soon.
Technicals for the majority of altcoins looks terrible. No, it won’t be worth zero but it will reach the stage where daily volume will be too low that you won’t be able to sell your coins because no one is buying them.
Bitcoin broke through 6k floor, alts dropped. Bitcoin went up, alts dropped.
The main reason that makes us believe in this is the institutions. They are massively coming but they won’t be buying a coin that is 200th on the market cap. They will be accumulating Bitcoin and some of them will diversify their money in a couple of them and that’s it. They don’t buy things that lost 98% of its value in less than a year so why should you?
The price action is very clear. It is in the range around weekly resistance (red line in the middle).
Don’t try to act like you have crystal ball. The price can go in both directions so once we see break above upper line, we can buy Ripple.
By trading in the range you are risking to be taken out without being invalidated which is worst thing that can happen.
Don’t try to act like you have crystal ball. The price can go in both directions so once we see break above upper line, we can buy Ripple.
By trading in the range you are risking to be taken out without being invalidated which is worst thing that can happen.
The main reason why I found XRPBTC pair is great looking XRPUSD pair. If I do not expect from BTC to rally, then the only one left to rally is XRPBTC to reach those targets on XRPUSD.
This is the range that can break in either direction. So far it tested broken resistance (green area) and bounced off which confirms the buy interest in that area.
That is also 0.618 fib level so that’s one more confluence that adds weight to this setup.
Break below would cancel bullish setup on both XRPBTC and XRPUSD pairs.
However, the break above would be very bullish for both pairs, especially for XRPBTC.
This is the range that can break in either direction. So far it tested broken resistance (green area) and bounced off which confirms the buy interest in that area.
That is also 0.618 fib level so that’s one more confluence that adds weight to this setup.
Break below would cancel bullish setup on both XRPBTC and XRPUSD pairs.
However, the break above would be very bullish for both pairs, especially for XRPBTC.