A lot of hype about #Iota in other telegram channels so I decided to take a look.
Looking at weekly, I do not know what they see bullish in here. The price lost its support and turned it into the resistance. Then it finds some kind of support but this looks more like catch a falling knife.
This will become bullish once broken support that is acting as resistance now gets reclaimed. Trading in between is just meaningless because the price can do anything.
On daily time frames, we can see what we want to see on weekly. Support got broken and turned into resistance. Then we saw a massive move up above broken support. On the retest, we saw that area acting as resistance again.
That was the only tradable pattern on this chart.
That is the same scenario we are waiting on a weekly time frame to consider Iota as a good investment or swing trade.
Looking at weekly, I do not know what they see bullish in here. The price lost its support and turned it into the resistance. Then it finds some kind of support but this looks more like catch a falling knife.
This will become bullish once broken support that is acting as resistance now gets reclaimed. Trading in between is just meaningless because the price can do anything.
On daily time frames, we can see what we want to see on weekly. Support got broken and turned into resistance. Then we saw a massive move up above broken support. On the retest, we saw that area acting as resistance again.
That was the only tradable pattern on this chart.
That is the same scenario we are waiting on a weekly time frame to consider Iota as a good investment or swing trade.
Thank you for your time!
We hope you enjoyed our #TechnicalEvening 2. We tried to bring you as detailed analysis as possible. Send your opinion and feedback to @CryptoSignalsAdmin so we can improve and make it better next time.
Enjoy the rest of the evening!
We wil be back tomorrow, Crypto Signals Admin.
We hope you enjoyed our #TechnicalEvening 2. We tried to bring you as detailed analysis as possible. Send your opinion and feedback to @CryptoSignalsAdmin so we can improve and make it better next time.
Enjoy the rest of the evening!
We wil be back tomorrow, Crypto Signals Admin.
Forwarded from Crypto Signals
Did we forget where was BTC 3-4 months ago? If this continuw without correction I will be even more scared. Growth without support is not so good.
Forwarded from Crypto Signals
If we use Fibinacci retracements that are recommended for things like this, mostly support is establised in this green rectangle...
Just a little #TB to show new members of our channel the results of our team.
Yeah, the grammar was our weak point but at least we knew what we are doing 🤷♂️😅
Yeah, the grammar was our weak point but at least we knew what we are doing 🤷♂️😅
The traders are getting stopped out in this choppiness of price action in the area where it is expected.
The price action in this area is meaningless for the outcome. It can range for next 12 hours more or 7 days.
What does matter is the move outside of this range and once it happens we will look for continuation signs.
The setup is bearish but this is bull market and we will trade bearish setups only when we see confirmation. We won’t trade based on our anticipation of what can happen.
The price action in this area is meaningless for the outcome. It can range for next 12 hours more or 7 days.
What does matter is the move outside of this range and once it happens we will look for continuation signs.
The setup is bearish but this is bull market and we will trade bearish setups only when we see confirmation. We won’t trade based on our anticipation of what can happen.
Litecoin is testing resistance. I do believe it will be broken and high will be taken out so shorting is not suggested against this uptrend.
The only question is if we are going to have a small rejection to the support where buying would make sense targeting new highs.
If it gets broken on the first attempt, then we will lose profitable risk-reward and only small buys make sense that would be placed in the area of current resistance that has to flip into support.
Very bullish, if you hold it, keep doing it!
The only question is if we are going to have a small rejection to the support where buying would make sense targeting new highs.
If it gets broken on the first attempt, then we will lose profitable risk-reward and only small buys make sense that would be placed in the area of current resistance that has to flip into support.
Very bullish, if you hold it, keep doing it!
Litecoin update
It was rejected from weekly resistance and it is currently going through a correction.
The main support is at 0.014-ish. A couple of previous important price levels form the support at 0.150.
If this is a very bullish structure, both of these levels will be front run by establishing support at in the marked blue area.
The lower the price goes, the less bullishness it has. I do believe the high at 0.0195 will be taken out before halving and that’s why we are looking for long/buy setups only.
Not only the fundamentals but also technicals are beautiful for Litecoin. The only thing we have to think about is not to be taken out of the market because of some liquidity spike that can happen to shake out longs so it can easier go up.
It was rejected from weekly resistance and it is currently going through a correction.
The main support is at 0.014-ish. A couple of previous important price levels form the support at 0.150.
If this is a very bullish structure, both of these levels will be front run by establishing support at in the marked blue area.
The lower the price goes, the less bullishness it has. I do believe the high at 0.0195 will be taken out before halving and that’s why we are looking for long/buy setups only.
Not only the fundamentals but also technicals are beautiful for Litecoin. The only thing we have to think about is not to be taken out of the market because of some liquidity spike that can happen to shake out longs so it can easier go up.
Bitcoin update
This is not how bearish setup looks like in a bullish market structure.
If this thing is bearish, it would get rejected and the price wouldn't be chilling at resistance almost three days.
That’s why we are not bearish anymore on Bitcoin. We will wait for confirmation (Initial move up to $8500-8600), the first wave of sellers and then enter the long targeting new highs.
We will consider bearish scenario only if we get close below $8000 on a daily TF.
This is not how bearish setup looks like in a bullish market structure.
If this thing is bearish, it would get rejected and the price wouldn't be chilling at resistance almost three days.
That’s why we are not bearish anymore on Bitcoin. We will wait for confirmation (Initial move up to $8500-8600), the first wave of sellers and then enter the long targeting new highs.
We will consider bearish scenario only if we get close below $8000 on a daily TF.
#TechnicalEvening 3 is coming. Send the coins you want us to analyse to @CryptoSignalsAdmin and we will cover 5 of them.
Never let your ego dictate your trading decisions.
When Bitcoin dropped to $7500, we told it will retest $8200 and that will be the area where we will look for short entries.
It did but $8200 didn’t offer any rejection. Price was resting there for 2 days and that’s something you do not want to see if you are bearish.
What we can see now is slowly momentum that broke through resistance and only miracle has to happen to stop the price of taking out previous high ($9000).
That miracle would be massive drop of $500 that would have daily closure below $8000 and at this moment it is hard to expect something like that, to be honest. Bitcoin update
This is not how bearish setup looks like in a bullish market structure.
If this thing is bearish, it would get rejected and the price wouldn't be chilling at resistance almost three days.
That’s why we are not bearish anymore on Bitcoin. We will wait for confirmation (Initial move up to $8500-8600), the first wave of sellers and then enter the long targeting new highs.
When Bitcoin dropped to $7500, we told it will retest $8200 and that will be the area where we will look for short entries.
It did but $8200 didn’t offer any rejection. Price was resting there for 2 days and that’s something you do not want to see if you are bearish.
What we can see now is slowly momentum that broke through resistance and only miracle has to happen to stop the price of taking out previous high ($9000).
That miracle would be massive drop of $500 that would have daily closure below $8000 and at this moment it is hard to expect something like that, to be honest. Bitcoin update
This is not how bearish setup looks like in a bullish market structure.
If this thing is bearish, it would get rejected and the price wouldn't be chilling at resistance almost three days.
That’s why we are not bearish anymore on Bitcoin. We will wait for confirmation (Initial move up to $8500-8600), the first wave of sellers and then enter the long targeting new highs.
The Binance ban for US residents has a powerful background story and shapes the way crypto is going.
Binance is the main place to trade altcoins. Once it is banned, there is a reason for sure because if they are not forced to do it, they wouldn’t do it of course because their interest is to have as many traders as possible so they profit as much commission as possible.
What if other exchanges do the same? People will have fewer options to buy and trade mid and low cap coins.
This is the way 90% of cryptocurrencies will day. They will cut off the way to trade it, the interest will be gone and the focus will be on major projects.
One more time, it is not too late. Doublethink about the coins you hold. Bitcoin will be there, Ethereum, Litecoin as well but I am not sure about the coins on a 200-300th place on market cap.
Diversity the investment in large-cap coins. Yeah, the profitability will be lower but also the risk will be lower when you buy and hold already established projects.
Binance is the main place to trade altcoins. Once it is banned, there is a reason for sure because if they are not forced to do it, they wouldn’t do it of course because their interest is to have as many traders as possible so they profit as much commission as possible.
What if other exchanges do the same? People will have fewer options to buy and trade mid and low cap coins.
This is the way 90% of cryptocurrencies will day. They will cut off the way to trade it, the interest will be gone and the focus will be on major projects.
One more time, it is not too late. Doublethink about the coins you hold. Bitcoin will be there, Ethereum, Litecoin as well but I am not sure about the coins on a 200-300th place on market cap.
Diversity the investment in large-cap coins. Yeah, the profitability will be lower but also the risk will be lower when you buy and hold already established projects.
#TechnicalEvening will start soon, hope you will enjoy it as you did before.
The first #TechnicalEvening we covered major alts, the second time we went over mid cap alts and tonight we will do a mix.
This time we will also cover more of them without going so much into details
#BNB
Most people will say that fundamentals are the reason for the price to go up, but look at technicals.
Spike into the resistance, the previous high got taken out and drop. It couldn’t be more clear.
When fundamentals are used to backup technicals, things get suspicious.
Every move up is the chance to sell it higher and book the great profit.
Most people will say that fundamentals are the reason for the price to go up, but look at technicals.
Spike into the resistance, the previous high got taken out and drop. It couldn’t be more clear.
When fundamentals are used to backup technicals, things get suspicious.
Every move up is the chance to sell it higher and book the great profit.