#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.
Conclusion:
The overall trend is bullish and every bearish setup on Bitcoin has to be used as the sign that you will get better long entry, not the sign to make you short.
This swing trade point of view. Intraday setups may be profitable in both directions but then you are looking for D1, H4 and H1 time frames for setup, not weekly and monthly.
The overall trend is bullish and every bearish setup on Bitcoin has to be used as the sign that you will get better long entry, not the sign to make you short.
This swing trade point of view. Intraday setups may be profitable in both directions but then you are looking for D1, H4 and H1 time frames for setup, not weekly and monthly.
Ethereum Monthly
Not that bullish as Bitcoin but it is in the range that has bullish character.
Why does the range have bullishness?
Because the price is currently above both moving average. The potential pullback to one of these two average is an opportunity for a buy setup.
We would not like to see a test of support ($200). If that happens, it would still be in the range but it is way more bullish when support is frontrunned and now we have the ideal situation for that to happen but one of these two moving averages has to act as support and push price further up.
The close above resistance ($400) can easily push the price up to $600-700.
The close above resistance ($400) can easily push price up to $600-700.
Not that bullish as Bitcoin but it is in the range that has bullish character.
Why does the range have bullishness?
Because the price is currently above both moving average. The potential pullback to one of these two average is an opportunity for a buy setup.
We would not like to see a test of support ($200). If that happens, it would still be in the range but it is way more bullish when support is frontrunned and now we have the ideal situation for that to happen but one of these two moving averages has to act as support and push price further up.
The close above resistance ($400) can easily push the price up to $600-700.
The close above resistance ($400) can easily push price up to $600-700.
Ethereum Weekly
On the weekly time frame, we have hidden monthly support visible ($250). In the area, we would like to get buy entry that would be targeting at least upper area of the range if not $600-700 in case of a breakout.
I do not see a reason to short this on large time frames. Yeah, the pullback may happen and probably will but that signs are used to wait for better long entry, not to get into the short.
On the weekly time frame, we have hidden monthly support visible ($250). In the area, we would like to get buy entry that would be targeting at least upper area of the range if not $600-700 in case of a breakout.
I do not see a reason to short this on large time frames. Yeah, the pullback may happen and probably will but that signs are used to wait for better long entry, not to get into the short.
Conclusion:
Bullish bias but we do believe there will be a pullback to $250-260 area where getting longs would make sense.
The closer we get to $200, the less bullish I am.
The range has 70% chances of being bullish and causing a breakout to the upside but we will not ignore the possibility of a bearish move to the downside mostly because of bearish ETHBTC pair.
That’s the reason we are trying to get a better entry as possible so we can have at the same time great risk-reward and low risk on that trade
Bullish bias but we do believe there will be a pullback to $250-260 area where getting longs would make sense.
The closer we get to $200, the less bullish I am.
The range has 70% chances of being bullish and causing a breakout to the upside but we will not ignore the possibility of a bearish move to the downside mostly because of bearish ETHBTC pair.
That’s the reason we are trying to get a better entry as possible so we can have at the same time great risk-reward and low risk on that trade
ETHBTC Monthly
Probably the most important chart for the whole altcoin market.
I got asked a lot of potential alt season. I would like to have something to use as the reason for potential alt season but I don’t.
We have a close below the previous monthly support. It was strong down candle, without big wicks.
Both moving averages are pointing down making the space between wider.
All these signs are pointing in the same direction: continuation of the downtrend.
I will buy alts, especially Ethereum, but only when I get confirmation.
I will not act like I have a crystal ball and trying to pick up the bottom.
The area where I will buy Ethereum is next support (around 0.02 (I will start buying a bit higher to make sure I will have some buy orders filled).
On the other side, I do not know what Vitalik is cooking in the background. He may appear with new update that will cause spike of 30%.
If that happens and we get a close above resistance (0.035), I will buy ETH targeting 0.05 at least.
Probably the most important chart for the whole altcoin market.
I got asked a lot of potential alt season. I would like to have something to use as the reason for potential alt season but I don’t.
We have a close below the previous monthly support. It was strong down candle, without big wicks.
Both moving averages are pointing down making the space between wider.
All these signs are pointing in the same direction: continuation of the downtrend.
I will buy alts, especially Ethereum, but only when I get confirmation.
I will not act like I have a crystal ball and trying to pick up the bottom.
The area where I will buy Ethereum is next support (around 0.02 (I will start buying a bit higher to make sure I will have some buy orders filled).
On the other side, I do not know what Vitalik is cooking in the background. He may appear with new update that will cause spike of 30%.
If that happens and we get a close above resistance (0.035), I will buy ETH targeting 0.05 at least.