#DOGE
We are nearing a weekly close, it is too far from close above support.
On a daily time frame, we got rejected as well.
So far, Binance listing was nothing more than an exit pump for DOGE bag holders.
Only close above broken support can bring bullishness to this pair.
We are nearing a weekly close, it is too far from close above support.
On a daily time frame, we got rejected as well.
So far, Binance listing was nothing more than an exit pump for DOGE bag holders.
Only close above broken support can bring bullishness to this pair.
#Bitcoin
Two weeks ago, we got rejected by the last resistance on the monthly timeframe ($14 000).
Last weekly closure we got yesterday was just below $11 500, weekly resistance.
These are two main sign that built our bias for the week ahead.
Unless we get daily or 3D close above $11500, we will be short-term bearish looking for short trade setup.
Early invalidation of this setups is daily closure above last weekly high ($12 100).
If we get a close in the area between $11 500 and $12 100 we will be neutral.
Two weeks ago, we got rejected by the last resistance on the monthly timeframe ($14 000).
Last weekly closure we got yesterday was just below $11 500, weekly resistance.
These are two main sign that built our bias for the week ahead.
Unless we get daily or 3D close above $11500, we will be short-term bearish looking for short trade setup.
Early invalidation of this setups is daily closure above last weekly high ($12 100).
If we get a close in the area between $11 500 and $12 100 we will be neutral.
#Ethereum
After a while ago, we have Ethereum looking more bullish than Bitcoin. Is this a sign of potential alt season?
We closed above resistance, retested it two previous weeks and everything is set for moon mission this week.
If we have to chose between shorting Bitcoin and longing Ethereum, Ethereum setup looks way better.
This is our primary focus for a week ahead.
It also makes us less bearish on Bitcoin setup and if we take some shorts, it will be just short-term scalp trade.
The target for ETH is definitely $400 or at least previous high at around $370. However, it is hard to imagine price taking out that high and not reaching $30 higher.
After a while ago, we have Ethereum looking more bullish than Bitcoin. Is this a sign of potential alt season?
We closed above resistance, retested it two previous weeks and everything is set for moon mission this week.
If we have to chose between shorting Bitcoin and longing Ethereum, Ethereum setup looks way better.
This is our primary focus for a week ahead.
It also makes us less bearish on Bitcoin setup and if we take some shorts, it will be just short-term scalp trade.
The target for ETH is definitely $400 or at least previous high at around $370. However, it is hard to imagine price taking out that high and not reaching $30 higher.
Price is currently at support. We will like to see some nice bullish closure this week to confirm support.
Nice closure means above the upper area of support ($125).
The target would be previous high ($160) and the main target is $200.
Invalidation (closure below $110) would trigger bigger correction since we didn’t have any correction on LTCUSD pair for a while.
The upcoming halving is positive fundamentals that make us give more chance to the bullish scenario.
Nice closure means above the upper area of support ($125).
The target would be previous high ($160) and the main target is $200.
Invalidation (closure below $110) would trigger bigger correction since we didn’t have any correction on LTCUSD pair for a while.
The upcoming halving is positive fundamentals that make us give more chance to the bullish scenario.
#Ripple
Definitely one of the worst performing major altcoins in this bull run.
ETH/BTC pair, for example, doesn’t look the best but ETHUSD pair made nice 3x while ripple is underperforming every expectation.
Some people will say it is lagging and it will moon too. I hope you are right but from my personal experience, if it is lagging, it usually does because it doesn’t attract buyers, not because it is waiting for something.
I used that strategy for more than a year and every time I ended up holding a coin that doesn’t attract the interest of the market participants.
Only close above range would mean something and could target that resistance. Without close, this coin is the first favorite for next bearish move.
Not holding and not interested in current price action. I am still thinking if pump happens, there will be no second leg up and that it will be nothing more than an exit pump.
Definitely one of the worst performing major altcoins in this bull run.
ETH/BTC pair, for example, doesn’t look the best but ETHUSD pair made nice 3x while ripple is underperforming every expectation.
Some people will say it is lagging and it will moon too. I hope you are right but from my personal experience, if it is lagging, it usually does because it doesn’t attract buyers, not because it is waiting for something.
I used that strategy for more than a year and every time I ended up holding a coin that doesn’t attract the interest of the market participants.
Only close above range would mean something and could target that resistance. Without close, this coin is the first favorite for next bearish move.
Not holding and not interested in current price action. I am still thinking if pump happens, there will be no second leg up and that it will be nothing more than an exit pump.
#BitcoinCash
Bearish engulfing and weekly closure below resistance canceled bullishness on this pair.
It will be interesting to see how price performs this week but if we get rejected and closure below resistance again, we expect low $300 area to be tested.
Bearish engulfing and weekly closure below resistance canceled bullishness on this pair.
It will be interesting to see how price performs this week but if we get rejected and closure below resistance again, we expect low $300 area to be tested.
Thank you for your time, we hope you liked the analysis.
The best looking coin of these 5 is Ethereum and our focus in on this coin and getting nice buy/long setup.
Tonight will do update BTC pairs of top5 majors and 2 more with the most requests.
If you have any question, feel free to contact @CryptoSignalsAdmin.
Cheers,
Cs Admin
The best looking coin of these 5 is Ethereum and our focus in on this coin and getting nice buy/long setup.
Tonight will do update BTC pairs of top5 majors and 2 more with the most requests.
If you have any question, feel free to contact @CryptoSignalsAdmin.
Cheers,
Cs Admin
It’s a little bit weird how a lot of banks had maintenance almost at the same time. What is even weirder, the majority of them are partners with #Ripple. Is there some news coming?
My opinion on drama about Tron
Source Tweet: https://twitter.com/haydenotto_/status/1148174274374455297
A company in China used Tron’s name to back their project. Without doing their own research, a lot of people invested in the company that turned out to be a pure scam.
Now people are calling out Tron for not disclosing that they are not in partnership with this company.
Long story short, I’ve never supported Tron but this is not their mistake. This is also a big lesson for those that are investing without doing their research.
Take time and do your own research. It is better to be in cash wishing to be in a trade than to be in a trade wishing to be in a cash.
The reason police is there is probably because Tron wants to keep the situation under control and protect their office and workers.
Source Tweet: https://twitter.com/haydenotto_/status/1148174274374455297
A company in China used Tron’s name to back their project. Without doing their own research, a lot of people invested in the company that turned out to be a pure scam.
Now people are calling out Tron for not disclosing that they are not in partnership with this company.
Long story short, I’ve never supported Tron but this is not their mistake. This is also a big lesson for those that are investing without doing their research.
Take time and do your own research. It is better to be in cash wishing to be in a trade than to be in a trade wishing to be in a cash.
The reason police is there is probably because Tron wants to keep the situation under control and protect their office and workers.
Twitter
Hayden Otto
Police raids at #Tron offices in Beijing? Additionally, there's many angry people gathered there who are saying things like "Tron is a scam". $trx #trx @justinsuntron https://t.co/qFykQErQu6
All bullish signs on #Litecoin are gone.
It looks like bullish fundamentals caused by the upcoming halving are not strong enough to make it outperform Bitcoin.
The blue moving average you see on the chart is current resistance that pushes price lower and lower.
Our eyes are still looking for buy entries because 0.01 is multi-year support for LTCBTC pair and you need to give it special attention.
So far, we have neither weekly nor monthly closure below, so it is still a potential area of support.
What we need is a confirmation on the daily time frame. The first would be close above the blue moving average. Then we will start closely monitoring price action for entry confirmation (bullish move from certain pattern/consolidation).
It looks like bullish fundamentals caused by the upcoming halving are not strong enough to make it outperform Bitcoin.
The blue moving average you see on the chart is current resistance that pushes price lower and lower.
Our eyes are still looking for buy entries because 0.01 is multi-year support for LTCBTC pair and you need to give it special attention.
So far, we have neither weekly nor monthly closure below, so it is still a potential area of support.
What we need is a confirmation on the daily time frame. The first would be close above the blue moving average. Then we will start closely monitoring price action for entry confirmation (bullish move from certain pattern/consolidation).
For #ETHBTC, 0.025 is multi-year support that held price above for more than 2 years.
Looks like it is being tested too many times and by this price cluster, we could easily see a move below this very important price level.
If this gets broken, that will stay meaningful for the future price action.
It will be a very strong resistance. Only if it gets reclaimed, we can look for buy entries.
Two buy setups on ETHBTC:
1) Bounce off the support, close above first resistance (0.03) and buy entry on the retest of that 0.03 price level.
2) Price brakes through support leading this pair into capitulation. Once it’s over, it closes back above 0.025BTC and we are buying on the retest of that level.
Hope it was clear. Everything else is just risking being stopped out without being invalidated.
Looks like it is being tested too many times and by this price cluster, we could easily see a move below this very important price level.
If this gets broken, that will stay meaningful for the future price action.
It will be a very strong resistance. Only if it gets reclaimed, we can look for buy entries.
Two buy setups on ETHBTC:
1) Bounce off the support, close above first resistance (0.03) and buy entry on the retest of that 0.03 price level.
2) Price brakes through support leading this pair into capitulation. Once it’s over, it closes back above 0.025BTC and we are buying on the retest of that level.
Hope it was clear. Everything else is just risking being stopped out without being invalidated.
#Ripple
In the middle of nowhere looking terrible.
Next support: 1500 sats
First resistance: 4500 sats
It will go up only when we see weekly closure above resistance (4500 sats).
If you are trying to catch the falling knife, you can try buying 1500 support.
It will probably pump from that level but in general, this coin is in serious trouble at least in comparison to Bitcoin.
In the middle of nowhere looking terrible.
Next support: 1500 sats
First resistance: 4500 sats
It will go up only when we see weekly closure above resistance (4500 sats).
If you are trying to catch the falling knife, you can try buying 1500 support.
It will probably pump from that level but in general, this coin is in serious trouble at least in comparison to Bitcoin.
As an investor, measuring the value of a certain coin by comparing it to another is not the proper way to do it.
Altcoins are looking terrible in comparison to Bitcoin which means Bitcoin is at the moment better investment but if you bought altcoins in dollar value, you are in great profit.
In comparison to Bitcoin, they look terrible but maybe it’s not a sign of their weakness, but just the strength of Bitcoin is showing its signs in the weakness of altcoins.
In the stock market, for example, you are not using Microsoft to measure the value of Facebook. They both were great investments, just one of them outperformed another.
Make this a lesson to always have at least half if not 70% of the portfolio in Bitcoin.
#Bitcoin #Crypto
Altcoins are looking terrible in comparison to Bitcoin which means Bitcoin is at the moment better investment but if you bought altcoins in dollar value, you are in great profit.
In comparison to Bitcoin, they look terrible but maybe it’s not a sign of their weakness, but just the strength of Bitcoin is showing its signs in the weakness of altcoins.
In the stock market, for example, you are not using Microsoft to measure the value of Facebook. They both were great investments, just one of them outperformed another.
Make this a lesson to always have at least half if not 70% of the portfolio in Bitcoin.
#Bitcoin #Crypto
I do not know how big your exposure to the altcoin market is, but if you are in Bitcoin, keep holding it.
Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish.
I tried only 2 times buying altcoins (Ripple a month ago and Litecoin a week ago). Both of these two exited at break even before a massive drop in the price.
Wait for the altcoins to completely capitulate and when you see a big bounce, get ready because the retracement is for buying.
2017 was the year of retail traders where anyone made money. This time, with margin market taking significant market share and with the institutions that are coming, we are seeing a shift in the market.
This will affect not 95% but 99% of the altcoins that will die in 3-5 years.
With the recent Facebook’s stablecoin, it is clear where they are trying to lead the market. The Bitcoin will become the store of value, digital gold.
People will never use Bitcoin as the payment method because there are way better ecosystems at the moment in the market.
Being a store of value will bring huge attention to the Bitcoin. There will be soon a trend in the market where everyone will try to own at least one Bitcoin.
When people realise that owning just one Bitcoin could change their life, you will see unbelievable numbers.
Most people think when Bitcoin reaches $20 000 there will be rejection and alt season is coming. If Bitcoin reaches $20 000, not only that it will reach a new all-time high but it will exceed the previous one for 2-3 times, AT LEAST.
Current conditions in the altcoin market are not for selling. The prices are too low and there will be some kind of exit pump where market makers will cause the price to go up so they can sell higher and get rid of their bags.
If that happens and we see a mini “altseason” after the capitulation, make sure to sell all the altcoins you have and be exposed at least 70% in Bitcoin.
It is okay to have some major altcoins and to buy those with good fundamentals but being all in altcoins is the worst thing you can be.
Hope this reaches out to as many people as possible.
The sooner you forget 2017 alt season and focus on accumulating real wealth (Bitcoin), the better future is in front of you!
#Bitcoin #DigitalGold #Crypto
Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish.
I tried only 2 times buying altcoins (Ripple a month ago and Litecoin a week ago). Both of these two exited at break even before a massive drop in the price.
Wait for the altcoins to completely capitulate and when you see a big bounce, get ready because the retracement is for buying.
2017 was the year of retail traders where anyone made money. This time, with margin market taking significant market share and with the institutions that are coming, we are seeing a shift in the market.
This will affect not 95% but 99% of the altcoins that will die in 3-5 years.
With the recent Facebook’s stablecoin, it is clear where they are trying to lead the market. The Bitcoin will become the store of value, digital gold.
People will never use Bitcoin as the payment method because there are way better ecosystems at the moment in the market.
Being a store of value will bring huge attention to the Bitcoin. There will be soon a trend in the market where everyone will try to own at least one Bitcoin.
When people realise that owning just one Bitcoin could change their life, you will see unbelievable numbers.
Most people think when Bitcoin reaches $20 000 there will be rejection and alt season is coming. If Bitcoin reaches $20 000, not only that it will reach a new all-time high but it will exceed the previous one for 2-3 times, AT LEAST.
Current conditions in the altcoin market are not for selling. The prices are too low and there will be some kind of exit pump where market makers will cause the price to go up so they can sell higher and get rid of their bags.
If that happens and we see a mini “altseason” after the capitulation, make sure to sell all the altcoins you have and be exposed at least 70% in Bitcoin.
It is okay to have some major altcoins and to buy those with good fundamentals but being all in altcoins is the worst thing you can be.
Hope this reaches out to as many people as possible.
The sooner you forget 2017 alt season and focus on accumulating real wealth (Bitcoin), the better future is in front of you!
#Bitcoin #DigitalGold #Crypto
Crypto Signals pinned «I do not know how big your exposure to the altcoin market is, but if you are in Bitcoin, keep holding it. Scroll up and check the analysis I shared in recent months. I never mentioned an altcoin that was looking bullish. I tried only 2 times buying altcoins…»
#Bitcoin
The current price action is pointing in one direction, new high of this uptrend.
As long as the green area holds, a new high of this uptrend is a target.
Predicting the exact point of that high is thankless but using some of our measuring tools, we see at least $16 000 being reached.
Altcoin situation is getting worse. We are below multi-year supports and probably in the final stage of capitulation.
This is time altcoins are getting interested to me. I want to see total capitulation in order to buy it. Weak hands have to be shaken off.
If and once I buy it, it is going to be just a swing trade that will target a certain area and I will get out.
It serves me only as of the opportunity to grow the Bitcoin balance. I will never marry an altcoin and hold it for "future potential".
The current price action is pointing in one direction, new high of this uptrend.
As long as the green area holds, a new high of this uptrend is a target.
Predicting the exact point of that high is thankless but using some of our measuring tools, we see at least $16 000 being reached.
Altcoin situation is getting worse. We are below multi-year supports and probably in the final stage of capitulation.
This is time altcoins are getting interested to me. I want to see total capitulation in order to buy it. Weak hands have to be shaken off.
If and once I buy it, it is going to be just a swing trade that will target a certain area and I will get out.
It serves me only as of the opportunity to grow the Bitcoin balance. I will never marry an altcoin and hold it for "future potential".