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.
I do believe alt season is coming but I don’t know when. It may be 3 days or 3 months. I do not have confirmation yet so I will not be buying it. I bought only Litecoin as I’ve mentioned here in the channel.
That is the only coin I have bullish setup on. I also see hidden bullishness on Ethereum which means whole altcoin market can go up but I will not buy ETH until it makes capitulation shaking out all the bag holders or until it closes above 0.035 support on higher time frames (Weekly or monthly).
That is the only coin I have bullish setup on. I also see hidden bullishness on Ethereum which means whole altcoin market can go up but I will not buy ETH until it makes capitulation shaking out all the bag holders or until it closes above 0.035 support on higher time frames (Weekly or monthly).
XRPBTC Monthly
Where is the next support?
6 consecutive red months in the row while Bitcoin made from $3500 to $14000 🤭
I am not a ripple hater but this coin is not on my watch list. The only reason I am covering it is that it is 3rd by market valuation.
What to say here? This month it will either completely be sold off and reach some nasty low areas (1000-2000 sats) or it will by miracle pump and engulf previous monthly.
Looking at Ethereum and Litecoin, these have way better chart than ripple.
I am saying now that there will be a pump on Ripple and it will be 30-50% but I bet it will be just an exit pump after which we will see new slow decline in the market.
The reason for the pump will be a massive amount of short sellers in the market that will be squeezed out.
I will look on lower time frames (daily) in order to get that sign for the pump but I won't bet big portion of my account on that trade, that's for sure.
Where is the next support?
6 consecutive red months in the row while Bitcoin made from $3500 to $14000 🤭
I am not a ripple hater but this coin is not on my watch list. The only reason I am covering it is that it is 3rd by market valuation.
What to say here? This month it will either completely be sold off and reach some nasty low areas (1000-2000 sats) or it will by miracle pump and engulf previous monthly.
Looking at Ethereum and Litecoin, these have way better chart than ripple.
I am saying now that there will be a pump on Ripple and it will be 30-50% but I bet it will be just an exit pump after which we will see new slow decline in the market.
The reason for the pump will be a massive amount of short sellers in the market that will be squeezed out.
I will look on lower time frames (daily) in order to get that sign for the pump but I won't bet big portion of my account on that trade, that's for sure.
Hope you’ve enjoyed #CryptoMonday 4.
Send coin suggestions to @CryptoSignalsAdmin for the next #TechnicalEvening. We will try to cover as much as we can.
The potential for alt season is rising, but so far we do not have confirmation. What we have is signs for potential big sell-off that would be the end of a bear market and the beginning of mini bull market on alts (not all of them but at least major ones).
Send coin suggestions to @CryptoSignalsAdmin for the next #TechnicalEvening. We will try to cover as much as we can.
The potential for alt season is rising, but so far we do not have confirmation. What we have is signs for potential big sell-off that would be the end of a bear market and the beginning of mini bull market on alts (not all of them but at least major ones).
Perfect bounce off $9600 an area of support. It is currently facing resistance.
If we get daily close above that resistance, we will most likely see attempts for a new high of this move up (+$14 000).
After getting nice long at $10 000, it is now waiting game to see if it is going to close above or get rejected which would trigger a move to $10k area one more time.
Looking at moving averages, we are in an uptrend since February 2019 and it is still strong. Bearish T cross would be a big sign of trend reversal. Until it happens, every dip is buying opportunity, especially when it retests broken resistance as it did yesterday.
Long is closed, running small short from $11 510. The target won’t be the bottom of the range ($9 600) but way higher (around $10 500).
If we get daily close above that resistance, we will most likely see attempts for a new high of this move up (+$14 000).
After getting nice long at $10 000, it is now waiting game to see if it is going to close above or get rejected which would trigger a move to $10k area one more time.
Looking at moving averages, we are in an uptrend since February 2019 and it is still strong. Bearish T cross would be a big sign of trend reversal. Until it happens, every dip is buying opportunity, especially when it retests broken resistance as it did yesterday.
Long is closed, running small short from $11 510. The target won’t be the bottom of the range ($9 600) but way higher (around $10 500).
#Litecoin
The blue area has to hold. If we get a closure below this area, we will leave our long at break even and wait for next bullish sign on Litecoin.
The blue area has to hold. If we get a closure below this area, we will leave our long at break even and wait for next bullish sign on Litecoin.
It found support exactly in the outlined area.
The next thing that has to happen is close above the first moving average (blue one).
Once it happens, we will have the required confirmations for this trade.
We got a bounce off potential support, now we need a close above blue moving average to confirm strength and Litecoin long trade would be still active.
We’ll keep you updated.
The next thing that has to happen is close above the first moving average (blue one).
Once it happens, we will have the required confirmations for this trade.
We got a bounce off potential support, now we need a close above blue moving average to confirm strength and Litecoin long trade would be still active.
We’ll keep you updated.
If you move your stop loss to break even without a technical reason for doing so, you’re no longer trading your idea.
You’re trading your P&L.
It’s not a ‘risk free’. You risk being stopped out before you’re technically invalidated.
If you enter on technicals, manage on technicals.
#TradingAdvice
You’re trading your P&L.
It’s not a ‘risk free’. You risk being stopped out before you’re technically invalidated.
If you enter on technicals, manage on technicals.
#TradingAdvice