CME Futures Gap
After I’ve analysed all gaps that happened in last 6 months, more than 90% of them was filled in the next week.
Last weekly close on CME was around $8400. If this pattern will be followed, we will see Bitcoin in 8.5k area this week.
After I’ve analysed all gaps that happened in last 6 months, more than 90% of them was filled in the next week.
Last weekly close on CME was around $8400. If this pattern will be followed, we will see Bitcoin in 8.5k area this week.
#XVG
This coin is slowly dying. It will become interesting only if resistance gets broken and turned into support.
This coin is slowly dying. It will become interesting only if resistance gets broken and turned into support.
#ATOM
At least, it doesn’t look the same as 95% of the other altcoins. This daily level will be interesting.
I would like to see a breakdown and then push back above that would reclaim that level. Then I would be interested in buying this coin.
At least, it doesn’t look the same as 95% of the other altcoins. This daily level will be interesting.
I would like to see a breakdown and then push back above that would reclaim that level. Then I would be interested in buying this coin.
#Elastos
Clear downtrend with serious of lower low, lower highs. Not interested in buying this until some clear move up happens so we can try to catch the second wave.
Clear downtrend with serious of lower low, lower highs. Not interested in buying this until some clear move up happens so we can try to catch the second wave.
#Komodo
It doesn’t look gorgeous but at least it is still in the range that can have bullish character.
It either lagging behind all the other altcoins or it is having an extra strength that keeps Komodo above the others.
Let’s see, if we start nearing resistance, we can start looking for potential breakout and entry point.
Not that bad at all until support holds. If it gets broken, welcome to the club.
It doesn’t look gorgeous but at least it is still in the range that can have bullish character.
It either lagging behind all the other altcoins or it is having an extra strength that keeps Komodo above the others.
Let’s see, if we start nearing resistance, we can start looking for potential breakout and entry point.
Not that bad at all until support holds. If it gets broken, welcome to the club.
#Ontology
It doesn’t look bad but it will if it breaks below support.
If it crosses above 2000 sats, I would look to buy it. At the current price, it is very hard to say anything. Still above the support but not a single bullish sign so buying now would be very risky and without confirmation.
I would rather wait for bullish rejection from the support, cross above 2000 sats and then buy it with a confirmation.
It doesn’t look bad but it will if it breaks below support.
If it crosses above 2000 sats, I would look to buy it. At the current price, it is very hard to say anything. Still above the support but not a single bullish sign so buying now would be very risky and without confirmation.
I would rather wait for bullish rejection from the support, cross above 2000 sats and then buy it with a confirmation.
Let’s finish with Bitcoin.
It held 9000 pretty nice. If it closes above 9200 on H4, I do believe it will have the attempt of reaching new highs.
This kind of consolidation in the bullish market is for buying. Maybe it will drop after taking out previous high but that is something we don’t know.
What we know is that close above resistance would trigger reaching new highs and that’s where our focus is currently.
It held 9000 pretty nice. If it closes above 9200 on H4, I do believe it will have the attempt of reaching new highs.
This kind of consolidation in the bullish market is for buying. Maybe it will drop after taking out previous high but that is something we don’t know.
What we know is that close above resistance would trigger reaching new highs and that’s where our focus is currently.
Good morning,
As expected, Bitcoin is going up. The resistance in the middle of the range is broken and in our opinion, that was much more important than the current one.
The current resistance is more like a trap that will make people shorting BTC in anticipation of triple top or something like that.
This is an ascending triangle supported by extremely bullish weekly and daily, above both MA.
This resistance could cause small rejection to 9200-9250 area but that dip is for buying, that is not beginning of the selloff.
Target is 9600-9800 and that would be a bearish target. Bullish target is above $10k.
As expected, Bitcoin is going up. The resistance in the middle of the range is broken and in our opinion, that was much more important than the current one.
The current resistance is more like a trap that will make people shorting BTC in anticipation of triple top or something like that.
This is an ascending triangle supported by extremely bullish weekly and daily, above both MA.
This resistance could cause small rejection to 9200-9250 area but that dip is for buying, that is not beginning of the selloff.
Target is 9600-9800 and that would be a bearish target. Bullish target is above $10k.
ETHUSD is in a symmetrical triangle. Not that bullish as BTC because ETHBTC pair is going down but there is no reason for bearishness on this chart so far.
The price is going up slowly into resistance which is the best type of price action for a breakout.
It is still above both MA so we are not longing this but this gives us a confirmation for our BTCUSD longs.
The only reason we are not long ETH is that we do believe it will be outperformed by BTC and it is better to be long on BTC.
The price is going up slowly into resistance which is the best type of price action for a breakout.
It is still above both MA so we are not longing this but this gives us a confirmation for our BTCUSD longs.
The only reason we are not long ETH is that we do believe it will be outperformed by BTC and it is better to be long on BTC.
Looking at ETHBTC, it seems like the alts are too far from capitulation.
ETHBTC has 10 days to go up and close at least neutral this month.
If we see a close as we have at the moment, next month can be a fiasco for this coin which would probably mean for entire altcoin market.
I am not here to create FUD, just sharing what I see.
ETHBTC has 10 days to go up and close at least neutral this month.
If we see a close as we have at the moment, next month can be a fiasco for this coin which would probably mean for entire altcoin market.
I am not here to create FUD, just sharing what I see.
Bitcoin took out previous high. Now it is up to price action to show us the direction.
Why taking early profits on BTC longs?
At the times you are most bullish, you have to stay calm and reasonable. The price goes up and down.
The trade I took was nothing more than trade. Once it makes you profit, take it and wait for the next setup.
We have not filled CME Futures gap, price is at weekly resistance, we took out previous high with lower volume. These 3 are more than enough to convince me to take part of the profit and let the rest run.
$9500 was my main target. It got exceeded by $100. If you are not taking profit on your target, you are hoping you were wrong at the time you were predefining your target and stop loss.
This creates an inner conflict that is the root of all trading problems.
Be happy, enjoy the profit and wait for the next setups.
At the times you are most bullish, you have to stay calm and reasonable. The price goes up and down.
The trade I took was nothing more than trade. Once it makes you profit, take it and wait for the next setup.
We have not filled CME Futures gap, price is at weekly resistance, we took out previous high with lower volume. These 3 are more than enough to convince me to take part of the profit and let the rest run.
$9500 was my main target. It got exceeded by $100. If you are not taking profit on your target, you are hoping you were wrong at the time you were predefining your target and stop loss.
This creates an inner conflict that is the root of all trading problems.
Be happy, enjoy the profit and wait for the next setups.