#Bitcoin
The price smashed through the resistance turning $9600 into the support.
$11500 is next resistance. It is built up by confluence between the weekly and monthly time frame.
The price action is looking amazing but the monthly time frame is still looking tricky. Currently, it is strong up candle but because of the wick it made at the beginning of the monthly, the bullish candlestick can be turned into bearish one easily if we see a drop to 9k area.
We are currently not in a position on Bitcoin. Apart from small intraday scalps, we are waiting for the next profitable setup.
This weekly can be very tricky. It can send us to $13 000 in the week ahead but also below $9000. Waiting for monthly close to show us bias for the period ahead.
The price smashed through the resistance turning $9600 into the support.
$11500 is next resistance. It is built up by confluence between the weekly and monthly time frame.
The price action is looking amazing but the monthly time frame is still looking tricky. Currently, it is strong up candle but because of the wick it made at the beginning of the monthly, the bullish candlestick can be turned into bearish one easily if we see a drop to 9k area.
We are currently not in a position on Bitcoin. Apart from small intraday scalps, we are waiting for the next profitable setup.
This weekly can be very tricky. It can send us to $13 000 in the week ahead but also below $9000. Waiting for monthly close to show us bias for the period ahead.
#Ethereum
The closure above resistance triggered $400 as the next target. The space between $300 and $400 is empty to close above the resistance is a very good sign and we do believe ETH is ready for the move.
The invalidation would be bearish engulfing on the previous weekly candle that would close below broken resistance and considering the upcoming monthly close, that would be very bearish for ETH.
The closure above resistance triggered $400 as the next target. The space between $300 and $400 is empty to close above the resistance is a very good sign and we do believe ETH is ready for the move.
The invalidation would be bearish engulfing on the previous weekly candle that would close below broken resistance and considering the upcoming monthly close, that would be very bearish for ETH.
#Ripple
The move above trading range was bullish but the close back in the range is not something bulls wanted to see.
USD pair is still looking decent but XRPBTC pair is at the edge and move down could happen very soon that would be 20-30% at least.
Because USD pair is not bad, this still has the potential of reaching targets but it is very hard to say what will be the catalyst for that, up move on BTC or up move on XRPBTC.
The move above trading range was bullish but the close back in the range is not something bulls wanted to see.
USD pair is still looking decent but XRPBTC pair is at the edge and move down could happen very soon that would be 20-30% at least.
Because USD pair is not bad, this still has the potential of reaching targets but it is very hard to say what will be the catalyst for that, up move on BTC or up move on XRPBTC.
#BitcoinCash
The closure above resistance was pretty decent and we can still see the move to the main resistance.
Because of this, we will be monitoring price action on the retest of the broken resistance.
The setup is nice so if we get a bullish sign, it would be nice trade targeting $600 at least.
It is very important that BCHBTC reclaim broken support. If that happens, the move up on USD pair is very likely to happen.
The closure above resistance was pretty decent and we can still see the move to the main resistance.
Because of this, we will be monitoring price action on the retest of the broken resistance.
The setup is nice so if we get a bullish sign, it would be nice trade targeting $600 at least.
It is very important that BCHBTC reclaim broken support. If that happens, the move up on USD pair is very likely to happen.
#Bitcoin
The price is currently above the last meaningful resistance on weekly time frame $11500.
If we get a close above $11500, we do not have really any big resistance before the new all-time high.
Maybe this area around $13500-14000 can act as a resistance. But if we break that are too, we will see soon new all-time high.
Invalidation would be a close below resistance $11500 on the weekly time frame.
The price is currently above the last meaningful resistance on weekly time frame $11500.
If we get a close above $11500, we do not have really any big resistance before the new all-time high.
Maybe this area around $13500-14000 can act as a resistance. But if we break that are too, we will see soon new all-time high.
Invalidation would be a close below resistance $11500 on the weekly time frame.
Bitcoin got rejected by last potential resistance ($14 000).
If we see a weekly close below $11500 we can drop below $10 000 next week.
Everything depends on that closure and we are waiting for that.
If we see a weekly close below $11500 we can drop below $10 000 next week.
Everything depends on that closure and we are waiting for that.
Crypto Signals
It’s time to start accumulating Litecoin. Monitoring closely price action in this area and waiting for rejection that will be sign to start buying.
Litecoin was bought up in our buy area. Awaiting weekly and monthly close but at the moment considering the halving that is coming, we target 0.0150 at least if not new highs (0.02).
Bitcoin
The weekly close is coming. If we see a close below $11 500, we will see Bitcoin below $10 000.
Generally very strong and there is no weakness on large time frames.
All these pullbacks are great because the price is establishing support on the way up by making higher lows. Move up without pullback is not healthy and once it's over, the sharp drop will happen.
It would be great if we consolidate around this level in July so we can establish strong support around $8000-10000 that will be very helpful for reaching new all time high.
The weekly close is coming. If we see a close below $11 500, we will see Bitcoin below $10 000.
Generally very strong and there is no weakness on large time frames.
All these pullbacks are great because the price is establishing support on the way up by making higher lows. Move up without pullback is not healthy and once it's over, the sharp drop will happen.
It would be great if we consolidate around this level in July so we can establish strong support around $8000-10000 that will be very helpful for reaching new all time high.
There is no single thing that would make me buy this coin.
On the weekly time frame, it broke through the long-term trend line. Unless CZ makes some incredible pump above 0.004 and invalidates this move down. I see this entering downtrend that will last at least a couple of weeks.
On a 3D time frame, we got close below support and bearish retest. If we can short this, this is a perfect short setup.
I also forgot to mention close below moving average that was support since December 2018.
If you are still holding it, think about that decision 🙏
I won't say I told you but go and check our previous post about BNB. I clearly mentioned its overbought chart and sooner or later it will run out of bullish fundamentals. Once it happens, the downtrend is coming.
And it's happening...
On the weekly time frame, it broke through the long-term trend line. Unless CZ makes some incredible pump above 0.004 and invalidates this move down. I see this entering downtrend that will last at least a couple of weeks.
On a 3D time frame, we got close below support and bearish retest. If we can short this, this is a perfect short setup.
I also forgot to mention close below moving average that was support since December 2018.
If you are still holding it, think about that decision 🙏
I won't say I told you but go and check our previous post about BNB. I clearly mentioned its overbought chart and sooner or later it will run out of bullish fundamentals. Once it happens, the downtrend is coming.
And it's happening...
It hurts to be XRP holder at the moment. It lost major support and unless it makes some miracle next week, forms bullish engulfing that closes above broken support, I think we will see a continuation of the sell-off.
There will be exit pump on Ripple for sure. All these shorts will be squeezed but once it happens, get out of ripple. With this chart, this coin is dying.
This is my opinion on Ripple as an investment. There will be always trade setups but if you hold Ripple as an investment, think about it. For me to turn bullish and target new highs on Ripple there should be a move above 10 000 satoshi and that area has to be turned into support on higher time frames.
Everything else is nothing more than prolonged death of this coin.
There will be exit pump on Ripple for sure. All these shorts will be squeezed but once it happens, get out of ripple. With this chart, this coin is dying.
This is my opinion on Ripple as an investment. There will be always trade setups but if you hold Ripple as an investment, think about it. For me to turn bullish and target new highs on Ripple there should be a move above 10 000 satoshi and that area has to be turned into support on higher time frames.
Everything else is nothing more than prolonged death of this coin.
When this beauty of the trading range is not breaking out, I really doubt the strength of Ripple.
This is a very strong accumulation above broken resistance but I will never like to see broken resistance being tested 4 times.
An ideal setup is one or two retest. The third retest is the beginning of the doubt but 4th retest can’t be bullish especially when it happens on the weekly time frame in the market where Bitcoin went up crazy.
For example, ETH is not performing well but ETHUSD pair is going up because ETHBTC pair is not dropping too much.
On the other side, XRPUSD can’t perform well when XRPBTC lost 30-35% in the last 10 days.
Do what you want, it's your own money but I will never put my money as an investment in Ripple unless it proves me wrong with an amazing move up. Even if that happens, I will be extra cautious because it can bbe an exit pump that will not reclaim broken support and it will continue trending downward.
This is a very strong accumulation above broken resistance but I will never like to see broken resistance being tested 4 times.
An ideal setup is one or two retest. The third retest is the beginning of the doubt but 4th retest can’t be bullish especially when it happens on the weekly time frame in the market where Bitcoin went up crazy.
For example, ETH is not performing well but ETHUSD pair is going up because ETHBTC pair is not dropping too much.
On the other side, XRPUSD can’t perform well when XRPBTC lost 30-35% in the last 10 days.
Do what you want, it's your own money but I will never put my money as an investment in Ripple unless it proves me wrong with an amazing move up. Even if that happens, I will be extra cautious because it can bbe an exit pump that will not reclaim broken support and it will continue trending downward.
ETHBTC
This looks scary. So far it is in the range but with the upcoming weekly and monthly close, only miracle can save ETH from big sell-off.
I do not have a crystal ball to see in the future, but only some big announcements from Vitalik or big exchange can save ETH.
If that doesn’t happen, 20-30% sell-off in ETHBTC can happen very fast.
I am interested in buying ETH but not at this point. I will buy it at 0.02 during sell-off. If the miracle happens and we see price moving up, I will buy once we get close on weekly time frame above 0.035.
That’s my simple setup, at the moment it is really looking bad and I do not want to get bags that can be worth -30% in 5-7 days.
The first target at 0.06 is wide enough so the buy at 0.035 will still be very profitable.
This looks scary. So far it is in the range but with the upcoming weekly and monthly close, only miracle can save ETH from big sell-off.
I do not have a crystal ball to see in the future, but only some big announcements from Vitalik or big exchange can save ETH.
If that doesn’t happen, 20-30% sell-off in ETHBTC can happen very fast.
I am interested in buying ETH but not at this point. I will buy it at 0.02 during sell-off. If the miracle happens and we see price moving up, I will buy once we get close on weekly time frame above 0.035.
That’s my simple setup, at the moment it is really looking bad and I do not want to get bags that can be worth -30% in 5-7 days.
The first target at 0.06 is wide enough so the buy at 0.035 will still be very profitable.
I hope you’ve liked the quick market update. Tomorrow morning we will have our fourth #CryptoMonday.
Send the questions you have to @CryptoSignalsAdmin and I am going to publicly answer a couple of them here in the channel.
I will answer both, technicals and fundamentals, related questions.
Best regards, CS Admin!
Send the questions you have to @CryptoSignalsAdmin and I am going to publicly answer a couple of them here in the channel.
I will answer both, technicals and fundamentals, related questions.
Best regards, CS Admin!
Good morning guys,
Since we got weekly and monthly close at the same day, in this #CryptoMonday we will cover top5 cryptos from weekly and monthly perspective.
Hope you will enjoy it!
Since we got weekly and monthly close at the same day, in this #CryptoMonday we will cover top5 cryptos from weekly and monthly perspective.
Hope you will enjoy it!
Bitcoin Monthly
On this time frame, we closed above very important resistance and turned it into the support.
The only resistance we have left is $14 000. That resistance is way less significant than the resistance we closed above.
If we get a close above $14 000, it is just a matter of time when the price will print new all time high.
Considering this, every pullback on the daily and weekly time frame are for buying.
On this time frame, we closed above very important resistance and turned it into the support.
The only resistance we have left is $14 000. That resistance is way less significant than the resistance we closed above.
If we get a close above $14 000, it is just a matter of time when the price will print new all time high.
Considering this, every pullback on the daily and weekly time frame are for buying.
Bitcoin Weekly
Bullish monthly and slightly bearish weekly close are indicating potential dip below $10 000 that would be a great buy because of overall bullishness.
Previous resistance at $9600 that is currently an area of support is the first important area to look for buy setups.
We have an area around $10 500 as potential support based on monthly time frame but that area doesn’t give us so profitable risk-reward setup so we would like to see that pullback to the mid 9k area to look for a buy entry.
Bullish monthly and slightly bearish weekly close are indicating potential dip below $10 000 that would be a great buy because of overall bullishness.
Previous resistance at $9600 that is currently an area of support is the first important area to look for buy setups.
We have an area around $10 500 as potential support based on monthly time frame but that area doesn’t give us so profitable risk-reward setup so we would like to see that pullback to the mid 9k area to look for a buy entry.