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.
#ADA (ReaD 95% OF ALTCOINS)
If you see a coin that looks similar to this chart, run away from it until it shows bullish signs.
I do not see where all these long signals on ADA come from shared by other channels.
Once we see a close below range, may the God be with holders.
The price has to close above the range to start observing the bullish scenario.
The price was dropping for almost a year, made consolidation, broke up and then it’s back in the range. Tell me how that can be bullish?
If you see a coin that looks similar to this chart, run away from it until it shows bullish signs.
I do not see where all these long signals on ADA come from shared by other channels.
Once we see a close below range, may the God be with holders.
The price has to close above the range to start observing the bullish scenario.
The price was dropping for almost a year, made consolidation, broke up and then it’s back in the range. Tell me how that can be bullish?
#NANO
This was looking nice recently but after it broke through support and made this bearish test, I think this one is joining the crowd and starting the ride to new lows.
This is very clear. The support is very obvious. It got broke, we hade perfect retest so only the miracle can save Nano from reaching new lows.
This was looking nice recently but after it broke through support and made this bearish test, I think this one is joining the crowd and starting the ride to new lows.
This is very clear. The support is very obvious. It got broke, we hade perfect retest so only the miracle can save Nano from reaching new lows.
#ETH
This is looking scary. If this support is lost, say Hi to new lows.
I will buy ETHBTC pair only if there is a strong push up that will have a strong close.
Nothing more to add, it is pretty clear. Close below and say Hi to new lows.
This is looking scary. If this support is lost, say Hi to new lows.
I will buy ETHBTC pair only if there is a strong push up that will have a strong close.
Nothing more to add, it is pretty clear. Close below and say Hi to new lows.
#LINK
After all these partnerships, seems like a coin with big potential. Its chart is way different than any other so we will be interested in the price action around those wick price levels to buy this coin.
We won’t buy it now when the hype is high. We will let it calm down and buy when price tests those wicks levels.
After all these partnerships, seems like a coin with big potential. Its chart is way different than any other so we will be interested in the price action around those wick price levels to buy this coin.
We won’t buy it now when the hype is high. We will let it calm down and buy when price tests those wicks levels.
#XRP
We are very glad that we exited at 5200 when we were proven wrong. Booking a small profit is way better than exiting at a big loss that would happen if we didn’t follow the signs.
The setup is invalidated. The green area is like the last hope but I won't buy it there. I do not play on hope and will buy it only if it comes back above 5200 in a strong move.
Everything else will keep me flat waiting for the opportunity.
We are very glad that we exited at 5200 when we were proven wrong. Booking a small profit is way better than exiting at a big loss that would happen if we didn’t follow the signs.
The setup is invalidated. The green area is like the last hope but I won't buy it there. I do not play on hope and will buy it only if it comes back above 5200 in a strong move.
Everything else will keep me flat waiting for the opportunity.
Conclusion:
Bitcoin looks very strong, Altcoins about to start a new decline.
I hope you enjoyed #TechnicalEvening 3. Let us know your opinion.
You can send the message to @CryptoSignalsAdmin.
Enjoy the day, CS Admin.
Bitcoin looks very strong, Altcoins about to start a new decline.
I hope you enjoyed #TechnicalEvening 3. Let us know your opinion.
You can send the message to @CryptoSignalsAdmin.
Enjoy the day, CS Admin.
New #TechnicalEvening is coming tonight.
Send the coins you want us to cover to @CryptoSignalsAdmin and we will analyse 5 of them.
Send the coins you want us to cover to @CryptoSignalsAdmin and we will analyse 5 of them.
The recent spike up is confirmation how weak this is.
When you see something like this, it is usually a very bad sign.
Someone bought a lot of coins and the price dropped instantly. It means a lot of sellers are there waiting for an increase to dump their bags.
Not holding and not interested in buying Lisk anytime soon.
When you see something like this, it is usually a very bad sign.
Someone bought a lot of coins and the price dropped instantly. It means a lot of sellers are there waiting for an increase to dump their bags.
Not holding and not interested in buying Lisk anytime soon.
It gained some interest in the beginning of the April because of fork but once it was over, we saw new sell off into new lows.
This coin is slowly dying and losing support is one more confirmation.
Fundamentally I am not interested in this coin. Technically too unless we see support being reclaimed but it would be only short-term trade.
This coin is slowly dying and losing support is one more confirmation.
Fundamentally I am not interested in this coin. Technically too unless we see support being reclaimed but it would be only short-term trade.