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
Bullish daily closure above important resistance, Tether printed 100 000 000 just an hour ago, are they preparing the market for a new up move?
Back in 2017, every time they printed new tokens, price rallied.
Why does price rally after that event?
The value of Tether is meant to be equal to $1. They maintain this by changing the circulating supply by changing the balance of active and non-active balance.
If the market cap of Tether is going up, they have to increase active balance by printing new tokens.
If they are increasing the total supply of Tether tokens, there will be an increase in the market cap of Tether which usually happens when there is an overall growth in the valuation of the entire market.
Considering all these facts, the up move is something that would naturally follow after this and comparing with a bullish close above resistance, we may see attempts to reach a new high of this uptrend.
Invalidation is not close below resistance ($11500) but below support ($9600)
Back in 2017, every time they printed new tokens, price rallied.
Why does price rally after that event?
The value of Tether is meant to be equal to $1. They maintain this by changing the circulating supply by changing the balance of active and non-active balance.
If the market cap of Tether is going up, they have to increase active balance by printing new tokens.
If they are increasing the total supply of Tether tokens, there will be an increase in the market cap of Tether which usually happens when there is an overall growth in the valuation of the entire market.
Considering all these facts, the up move is something that would naturally follow after this and comparing with a bullish close above resistance, we may see attempts to reach a new high of this uptrend.
Invalidation is not close below resistance ($11500) but below support ($9600)
Two huge fundamental events coming in July 2019
1) Fidelity Launch
The fifth largest asset managers in the world, Fidelity investments will be helping Bitcoin emerge as every institutional investor’s favorite asset by launching a Bitcoin custodial product.
Fidelity already supports Cryptocurrencies with the launch of a subsidiary called Fidelity Digital Asset Services in October 2018. Fidelity boasts of an astounding $2.5 trillion in assets.
The trustability of the brand ‘Fidelity’ will bring institutional investors much closer to Cryptocurrencies.
2) Bakkt Futures Test
On 22nd July 2019, , Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US.
This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.
Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
These Fundamentals are huge. They will just bring fuel to the fire that is currently in the market. Are they going to set up the price rally to new all time high (ATH)?
1) Fidelity Launch
The fifth largest asset managers in the world, Fidelity investments will be helping Bitcoin emerge as every institutional investor’s favorite asset by launching a Bitcoin custodial product.
Fidelity already supports Cryptocurrencies with the launch of a subsidiary called Fidelity Digital Asset Services in October 2018. Fidelity boasts of an astounding $2.5 trillion in assets.
The trustability of the brand ‘Fidelity’ will bring institutional investors much closer to Cryptocurrencies.
2) Bakkt Futures Test
On 22nd July 2019, , Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US.
This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.
Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
These Fundamentals are huge. They will just bring fuel to the fire that is currently in the market. Are they going to set up the price rally to new all time high (ATH)?
#DOGE Technical Update
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.
This chart is the best chart to explain to someone what does mean buying low and selling high.
Current price action is at support. We had weekly close below support but fueled with recent fundamentals (Binance Listing), it is trying to reclaim that level.
If you are interested in #DOGE, wait for the price to give you a sign. Yeah, this can explode anytime leaving you on the side without profit but this also can be an exit pump that will be followed by a new decline to new lows.
Without trying to outsmart the market and predict something, here are the confirmations:
Close above weekly support = Resistance is an active target.
Close below weekly support = Bullishness canceled.
The ideally would be to wait for a weekly close but if it doesn’t match your plan, wait for at least daily close confirmation.
Next #TechnicalEvening is coming where we will analyse 5 altcoins.
Send your suggestions to @CryptoSignalsAdmin and we will choose the top5 most requested coins.
Send your suggestions to @CryptoSignalsAdmin and we will choose the top5 most requested coins.
It is nearing support area. Around a month ago when it was testing trendline, I made an update in our VIP channel that I wouldn’t buy that test of the trendline. It turned out to be a good decision.
Now as it is nearing very important horizontal support, we will be monitoring price action and if we get a bullish sign on support, we will buy it targeting at least the trendline, maybe even upper resistance.
Now as it is nearing very important horizontal support, we will be monitoring price action and if we get a bullish sign on support, we will buy it targeting at least the trendline, maybe even upper resistance.