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".
Forwarded from Future Crypto Experts - Paid Channel
Reason for long:
Bullish daily closure above resistance. We are now getting a pullback in the resistance and two times we are getting a strong bounce off so it is acting as a support.
In bullish market conditions, 2 strong bounces off support are more than enough.
Bear in mind, $80 mil worth of longs were liquidated today which means weak hands are out.
Using these two factors together, we get a really nice reason to open a trade.
Bullish daily closure above resistance. We are now getting a pullback in the resistance and two times we are getting a strong bounce off so it is acting as a support.
In bullish market conditions, 2 strong bounces off support are more than enough.
Bear in mind, $80 mil worth of longs were liquidated today which means weak hands are out.
Using these two factors together, we get a really nice reason to open a trade.
Forwarded from Future Crypto Experts - Paid Channel
Awaiting daily closure for our next trade opportunity on Bitcoin. It is meaningless to rush in trade when it faces daily resistance.
We are not thinking that resistance will make big problem but rejection of 2-3% can shake off too tight longs so we do not want to be in that group.
We are not thinking that resistance will make big problem but rejection of 2-3% can shake off too tight longs so we do not want to be in that group.
Selling altcoins now is not a wise decision. Yeah, they will drop but oversold condition will cause pump sooner or later.
That pump for majority of them will be an exit pump but some of them will reclaim broken supports and consolidate for another move up.
Especially Bitmex altcoins. The market is driven by fear and greed but when you add leverage to it, the smart money has the power to trade against the majority and profit on their stupidity.
You had entire 6 months to sell altcoins and you chose the time when they are capitulating.
That decision is similar to buying Bitcoin at $15 000 in 2017 bull run. You can make some gains but only if you sell at the ultimate top or close to it.
The truth is that those who bought at $15 000 were selling at $6000 or even worse at 3500-4000.
They will terrible but when the majority start selling, I am starting to look for buy opportunities.
The article was focused on Bitmex altcoins and other major coins that are going through tough period. This is not post for shitcoins that will die in very short time.
The post is not also for coins like BNB that went up a lot based on constant hype and at the moment they run out of hype, the price will drop and it is happening right now.
That pump for majority of them will be an exit pump but some of them will reclaim broken supports and consolidate for another move up.
Especially Bitmex altcoins. The market is driven by fear and greed but when you add leverage to it, the smart money has the power to trade against the majority and profit on their stupidity.
You had entire 6 months to sell altcoins and you chose the time when they are capitulating.
That decision is similar to buying Bitcoin at $15 000 in 2017 bull run. You can make some gains but only if you sell at the ultimate top or close to it.
The truth is that those who bought at $15 000 were selling at $6000 or even worse at 3500-4000.
They will terrible but when the majority start selling, I am starting to look for buy opportunities.
The article was focused on Bitmex altcoins and other major coins that are going through tough period. This is not post for shitcoins that will die in very short time.
The post is not also for coins like BNB that went up a lot based on constant hype and at the moment they run out of hype, the price will drop and it is happening right now.
Margin exchange launched and price didn’t move at all.
The whole move up was built on a hype and when hype is over, there will be sharp correction.
If this support holds, I will be really surprised.
#Binance
The whole move up was built on a hype and when hype is over, there will be sharp correction.
If this support holds, I will be really surprised.
#Binance
ince the majority of traders are glued to the low time frames, this is the macro view.
This chart shows you 2 years of ETH/BTC chart.
If you sell now, you are selling at the lowest point in the last 2 years.
A year ago, we were around 0.06-0.07 (3x from the current price).
At that moment, if someone offered you the opportunity to buy ETH/BTC at this level, you would accept it for sure.
Back to the current day, you got that option and you are thinking of selling it 😁🙈
The retail traders who were hoping to buy at this moment are selling.
Believe me, big guys are accumulating heavily at those levels.
No, you do not have to buy it. I am also waiting for 0.02 and 0.015 BTC to buy ETHBTC but I would never sell at this level.
This chart shows you 2 years of ETH/BTC chart.
If you sell now, you are selling at the lowest point in the last 2 years.
A year ago, we were around 0.06-0.07 (3x from the current price).
At that moment, if someone offered you the opportunity to buy ETH/BTC at this level, you would accept it for sure.
Back to the current day, you got that option and you are thinking of selling it 😁🙈
The retail traders who were hoping to buy at this moment are selling.
Believe me, big guys are accumulating heavily at those levels.
No, you do not have to buy it. I am also waiting for 0.02 and 0.015 BTC to buy ETHBTC but I would never sell at this level.
Bitcoin is doing what is meant to do - disrupt the traditional system.
This is the proof that we are on the right path to achieve that.
https://twitter.com/realDonaldTrump/status/1149472282584072192
This is the proof that we are on the right path to achieve that.
https://twitter.com/realDonaldTrump/status/1149472282584072192
Bitcoin market cap: $200 billion
Microsoft market cap: $1 trillion
In a few years we'll look back and laugh at the days when the internet of money was worth less than a single company.
Microsoft market cap: $1 trillion
In a few years we'll look back and laugh at the days when the internet of money was worth less than a single company.
Bitcoin - Daily Timeframe Turned Bearish
After 155 days after we saw bullish MA cross on daily Bitcoin chart, we saw bearish MA cross after yesterday’s selloff.
What is Bullish MA Cross?
It is an event that happens when smaller moving average crosses above the bigger moving average.
What is Bearish MA Cross?
It is an event that happens when smaller moving average crosses below the bigger moving average.
Why is MA cross important?
Moving averages are a useful indicator that helps us find an established market trend.
Having that in mind, after more than 5 months, Bitcoin is in bigger correction, and until we saw new bullish MA cross, the correction will still in play.
After 155 days after we saw bullish MA cross on daily Bitcoin chart, we saw bearish MA cross after yesterday’s selloff.
What is Bullish MA Cross?
It is an event that happens when smaller moving average crosses above the bigger moving average.
What is Bearish MA Cross?
It is an event that happens when smaller moving average crosses below the bigger moving average.
Why is MA cross important?
Moving averages are a useful indicator that helps us find an established market trend.
Having that in mind, after more than 5 months, Bitcoin is in bigger correction, and until we saw new bullish MA cross, the correction will still in play.
On July 22th, 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.
Is this going to be the trigger for the new wave up?
This is no small step. This launch will usher in a new standard for accessing crypto markets.
Is this going to be the trigger for the new wave up?
BITCOIN UPDATE
It is currently in the higher timeframe range established between weekly support at $9,600 and weekly resistance at $11,500.
The close below support and test of the next support ($8,200) is most likely scenario.
The close above resistance and $13,000 at least should be the target.
When in range, wait for the price to show the direction.
With the upcoming monthly close that looks bearish, we give a little bit more chances to the bearish scenario to happen.
It is currently in the higher timeframe range established between weekly support at $9,600 and weekly resistance at $11,500.
The close below support and test of the next support ($8,200) is most likely scenario.
The close above resistance and $13,000 at least should be the target.
When in range, wait for the price to show the direction.
With the upcoming monthly close that looks bearish, we give a little bit more chances to the bearish scenario to happen.