Bitcoin broke through $8000
https://www.tradingview.com/x/nxr6JBsP
The current situation is bad for the bullish scenario. If this is just a wick to shake out early longs, it has to close back above $8000 today.
In that scenario, it will be still okay because, as I mentioned a few days ago, the support area is not only $8000 but the range between $7800 and $8000.
Because of that, if we get daily closure back above $8000, it would be nice for bulls.
However, a daily closure below $7800 and we can see a test of $7300 easily and most likely move below $7000.
I will keep you updated by monitoring lower timeframes to get an early sign of next big move.
https://www.tradingview.com/x/nxr6JBsP
The current situation is bad for the bullish scenario. If this is just a wick to shake out early longs, it has to close back above $8000 today.
In that scenario, it will be still okay because, as I mentioned a few days ago, the support area is not only $8000 but the range between $7800 and $8000.
Because of that, if we get daily closure back above $8000, it would be nice for bulls.
However, a daily closure below $7800 and we can see a test of $7300 easily and most likely move below $7000.
I will keep you updated by monitoring lower timeframes to get an early sign of next big move.
Crypto Signals via @vote
Where is Bitcoin heading next?
anonymous poll
It will break through support and reach at least $7300 with the potential to go lower. – 86
👍👍👍👍👍👍👍 43%
Potential support at $7800 - $8000 will hold and we will see a move to the upside ($8500 at least) – 66
👍👍👍👍👍 33%
I don’t know 🤔 – 46
👍👍👍👍 23%
👥 198 people voted so far.
anonymous poll
It will break through support and reach at least $7300 with the potential to go lower. – 86
👍👍👍👍👍👍👍 43%
Potential support at $7800 - $8000 will hold and we will see a move to the upside ($8500 at least) – 66
👍👍👍👍👍 33%
I don’t know 🤔 – 46
👍👍👍👍 23%
👥 198 people voted so far.
Crypto Signals via @vote
Where is Bitcoin heading next? anonymous poll It will break through support and reach at least $7300 with the potential to go lower. – 86 👍👍👍👍👍👍👍 43% Potential support at $7800 - $8000 will hold and we will see a move to the upside ($8500 at least) – 66…
The situation is slightly equal which confirms the current indecision in the market.
Let’s wait and avoid guessing where it will be heading.
Let’s wait and avoid guessing where it will be heading.
Ethereum to $100?
https://www.tradingview.com/x/IwGpIDqE
As we can see, the long term trend line established at the beginning of this year was broken on all the important time frames (weekly and daily).
We saw many tests of that area but every one of them was rejected, which should worry Ethereum holders.
The green area is a must-hold area.
If it gets broken, I wouldn’t be surprised to see Ethereum nosediving to $100.
This is not a trade idea but just an unbiased analysis of the current market conditions.
If I were bullish on Ethereum and want to buy it as an investment, I would place tiny orders in the green area and play on luck but with very conservative stop-loss orders below the green zone.
The best time to buy Ethereum is if it bounces off of this area and goes back above $200.
Ethereum below $200 may be a good investment opportunity but also a warning sign because even when there is hard fork coming, the price is still very low, almost 90% from its all-time high.
https://www.tradingview.com/x/IwGpIDqE
As we can see, the long term trend line established at the beginning of this year was broken on all the important time frames (weekly and daily).
We saw many tests of that area but every one of them was rejected, which should worry Ethereum holders.
The green area is a must-hold area.
If it gets broken, I wouldn’t be surprised to see Ethereum nosediving to $100.
This is not a trade idea but just an unbiased analysis of the current market conditions.
If I were bullish on Ethereum and want to buy it as an investment, I would place tiny orders in the green area and play on luck but with very conservative stop-loss orders below the green zone.
The best time to buy Ethereum is if it bounces off of this area and goes back above $200.
Ethereum below $200 may be a good investment opportunity but also a warning sign because even when there is hard fork coming, the price is still very low, almost 90% from its all-time high.
Crypto Signals via @vote
What is your opinion on Ethereum?
anonymous poll
It doesn’t look so good and I am not holding it! – 46
👍👍👍👍👍👍👍 35%
It doesn’t look good but I am still holding it hoping it will go up. – 44
👍👍👍👍👍👍👍 33%
I really like it and I think the fact that it is 90% below its all-time high is nothing more but a great investment opportunity. – 34
👍👍👍👍👍 26%
I don’t have an opinion about Ethereum – 9
👍 7%
👥 133 people voted so far.
anonymous poll
It doesn’t look so good and I am not holding it! – 46
👍👍👍👍👍👍👍 35%
It doesn’t look good but I am still holding it hoping it will go up. – 44
👍👍👍👍👍👍👍 33%
I really like it and I think the fact that it is 90% below its all-time high is nothing more but a great investment opportunity. – 34
👍👍👍👍👍 26%
I don’t have an opinion about Ethereum – 9
👍 7%
👥 133 people voted so far.
People talking about $3000 right now are being more unreasonable than people talking about new highs.
A run from $200 -> $20k is going to take some time to digest.
$3k was an overreaction to the downside.
$14k was an overreaction to the upside.
We're now finding middle ground.
Source: Twitter DonAlt
A run from $200 -> $20k is going to take some time to digest.
$3k was an overreaction to the downside.
$14k was an overreaction to the upside.
We're now finding middle ground.
Source: Twitter DonAlt
Forwarded from Future Crypto Experts - Paid Channel
LTCBTC is testing potential support
https://www.tradingview.com/x/33gjBT1t
As we can see, nice confluence of support areas on LTCBTC pair.
We have 0.0063-0.0065 support area from the past that was the area where price found support several times.
0.0065 is also 61.8% Fibonacci level.
We also have potential Inverse Head and Shoulders but let’s wait for some bullish signs before buying or longing this pair.
I will keep you updated on this pair!
https://www.tradingview.com/x/33gjBT1t
As we can see, nice confluence of support areas on LTCBTC pair.
We have 0.0063-0.0065 support area from the past that was the area where price found support several times.
0.0065 is also 61.8% Fibonacci level.
We also have potential Inverse Head and Shoulders but let’s wait for some bullish signs before buying or longing this pair.
I will keep you updated on this pair!
Bitcoin is about to capitulate
https://www.tradingview.com/x/9HAxwXP2
Looking at the daily chart, it closes below all important areas ($8000 and $7700).
After it tested $7700 this morning, it got rejected and now sitting around $7400.
With this price action, I don’t think $7300 will hold and most likely, we will see price tapping below $7000 today.
Thinking about buying Bitcoin only if price reclaims last broken support ($7700).
Everything else is nothing more but catching a knife.
And in this situation, the knife is very sharp, so be careful.
https://www.tradingview.com/x/9HAxwXP2
Looking at the daily chart, it closes below all important areas ($8000 and $7700).
After it tested $7700 this morning, it got rejected and now sitting around $7400.
With this price action, I don’t think $7300 will hold and most likely, we will see price tapping below $7000 today.
Thinking about buying Bitcoin only if price reclaims last broken support ($7700).
Everything else is nothing more but catching a knife.
And in this situation, the knife is very sharp, so be careful.
And it’s going lower 📉
https://www.tradingview.com/x/7IhGlikZ
Tap into $6k area done ✅
What a perfection 😉
https://www.tradingview.com/x/7IhGlikZ
Tap into $6k area done ✅
What a perfection 😉
Enough of dropping for today?
https://www.tradingview.com/x/Q2e4JqU0
Let’s see what will happen with the current H4 candle because, at the moment, it looks decent and may indicate an end of today’s downfall.
https://www.tradingview.com/x/Q2e4JqU0
Let’s see what will happen with the current H4 candle because, at the moment, it looks decent and may indicate an end of today’s downfall.
And we have a nice $250 move up as expected.
https://www.tradingview.com/x/xWNwWRgx
Now it is testing resistance.
If it manages to reclaim this broken structure and closes a daily candle above $7600, we will have huge wick on a daily timeframe indicating bullish market conditions.
Let’s see what will happen but today’s downfall may turn into a huge bullish sign but for that, we need close above $7600, which is still $300 away.
https://www.tradingview.com/x/xWNwWRgx
Now it is testing resistance.
If it manages to reclaim this broken structure and closes a daily candle above $7600, we will have huge wick on a daily timeframe indicating bullish market conditions.
Let’s see what will happen but today’s downfall may turn into a huge bullish sign but for that, we need close above $7600, which is still $300 away.
Update on Bitcoin situation
https://www.tradingview.com/x/lWSV4H9v
The potential Bitcoin had to retrace all the way up to $7500-7600 and make an amazing daily closure with a wick of more than $800 didn’t fulfill.
After it went from $7100 to the resistance at $7350, it got rejected and made daily closure below all the support areas on the daily time frame.
To look for new support, we need to look way back in May 2019 because recent ones got broken.
The general opinion is that Bitcoin will enter below $7000 again and range in the area between $6000 and $7000 for some time.
Wick-fishing spikes to the upside are not excluded but I don’t expect to see Bitcoin above $8000 for some time.
That time is currently not specific because I need a little bit more data to form a market direction for the current situation but based on the current conditions, $8000 doesn’t look likely to happen.
The first sign of that happening is close above $7300 that would trigger $7700 as the target and close above $7700 will trigger $8000.
Overall, looking bearish and most likely, there is a coming ranging market between $6000 and $7000 once the volatility is over.
https://www.tradingview.com/x/lWSV4H9v
The potential Bitcoin had to retrace all the way up to $7500-7600 and make an amazing daily closure with a wick of more than $800 didn’t fulfill.
After it went from $7100 to the resistance at $7350, it got rejected and made daily closure below all the support areas on the daily time frame.
To look for new support, we need to look way back in May 2019 because recent ones got broken.
The general opinion is that Bitcoin will enter below $7000 again and range in the area between $6000 and $7000 for some time.
Wick-fishing spikes to the upside are not excluded but I don’t expect to see Bitcoin above $8000 for some time.
That time is currently not specific because I need a little bit more data to form a market direction for the current situation but based on the current conditions, $8000 doesn’t look likely to happen.
The first sign of that happening is close above $7300 that would trigger $7700 as the target and close above $7700 will trigger $8000.
Overall, looking bearish and most likely, there is a coming ranging market between $6000 and $7000 once the volatility is over.
I’ve got time today, so all the questions you have you can send me to @CryptoSignalsAdmin and I will be happy to answer them.
The most interesting ones will be answered here in the channel.
The most interesting ones will be answered here in the channel.
I’ve just got a great question from one of our members:
“If there is one thing you could change about the Crypto community, what would it be?”
I would like to see people chill out a little bit.
In stock trading, for example, if you are in profit, you won’t go on Reddit and show off your profits and laugh at those who lost money.
Also, I would like to see them looking more in the long term and the opportunity crypto has.
99% of people are comparing today’s prices with those in December 2017?
But what about prices from December 2016?
Ethereum was at $7, Ripple was at $0.006, Litecoin at $4…
What about those prices?
The growth is inevitable and I think patience is key to long term success after you’ve done the right research.
When it comes to research, I would like to see people shifting from the altcoins because the fact is that 99% of them are going to die.
There is a huge difference between Bitcoin and the rest.
The bitcoin is a project of people where hundreds of thousands of people working on improving it.
On the other side, alts are nothing more than a decent company of dozens of developers.
They are centralized, they need a constant income stream to keep their project running, and most importantly, their value is still based on the letters written in the whitepaper.
Thank you for the question and I hope you are happy with the answer.
“If there is one thing you could change about the Crypto community, what would it be?”
I would like to see people chill out a little bit.
In stock trading, for example, if you are in profit, you won’t go on Reddit and show off your profits and laugh at those who lost money.
Also, I would like to see them looking more in the long term and the opportunity crypto has.
99% of people are comparing today’s prices with those in December 2017?
But what about prices from December 2016?
Ethereum was at $7, Ripple was at $0.006, Litecoin at $4…
What about those prices?
The growth is inevitable and I think patience is key to long term success after you’ve done the right research.
When it comes to research, I would like to see people shifting from the altcoins because the fact is that 99% of them are going to die.
There is a huge difference between Bitcoin and the rest.
The bitcoin is a project of people where hundreds of thousands of people working on improving it.
On the other side, alts are nothing more than a decent company of dozens of developers.
They are centralized, they need a constant income stream to keep their project running, and most importantly, their value is still based on the letters written in the whitepaper.
Thank you for the question and I hope you are happy with the answer.
Bitcoin is struggling to reclaim broken support
https://www.tradingview.com/x/g7ugSzWF
To even consider a bullish setup on Bitcoin, it has to close above the marked area (ideally $7400) on at least H$ timeframe.
If we go down to H1, we can see multiple rejections from this price level, which is a clear representation of its weakness.
Bitcoin is bearish as long as $7400 acts as the resistance.
An important weekly close is coming and if it closes below $7700, most likely, we will go down below $7k price level again.
https://www.tradingview.com/x/g7ugSzWF
To even consider a bullish setup on Bitcoin, it has to close above the marked area (ideally $7400) on at least H$ timeframe.
If we go down to H1, we can see multiple rejections from this price level, which is a clear representation of its weakness.
Bitcoin is bearish as long as $7400 acts as the resistance.
An important weekly close is coming and if it closes below $7700, most likely, we will go down below $7k price level again.