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.
Bitcoin hit new lows!
https://www.tradingview.com/x/k4BcpfNv
Since the price was not able to break through resistance, it went down and reached new lows.
Just check a few posts above where I said that range between $6000 and $7000 is expected and this is just the beginning of that range.
Looking at the volume of this drop, we may say that bears are not that strong as they were on the previous drop three days ago.
The volume made that divergence bulls are looking for.
But don’t use volume too seriously because, especially in crypto, it can be manipulated.
Bullish signs are appearing but let’s wait.
Bitcoin is not dead, this is just a CORRECTION!
https://www.tradingview.com/x/k4BcpfNv
Since the price was not able to break through resistance, it went down and reached new lows.
Just check a few posts above where I said that range between $6000 and $7000 is expected and this is just the beginning of that range.
Looking at the volume of this drop, we may say that bears are not that strong as they were on the previous drop three days ago.
The volume made that divergence bulls are looking for.
But don’t use volume too seriously because, especially in crypto, it can be manipulated.
Bullish signs are appearing but let’s wait.
Bitcoin is not dead, this is just a CORRECTION!
And we have a nice reaction and move up!
https://www.tradingview.com/x/2RcJALw3
As you can see, the low volume was very obvious on H4 that gave us a sign of weakness in the selling pressure.
Now we expect to see a move above $7400 at least but most likely, we will have wicks to $7700 area too.
https://www.tradingview.com/x/2RcJALw3
As you can see, the low volume was very obvious on H4 that gave us a sign of weakness in the selling pressure.
Now we expect to see a move above $7400 at least but most likely, we will have wicks to $7700 area too.
Crypto Signals
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…
Eth reached halfway down to $100!
https://www.tradingview.com/x/1mbSBKVT
Friendly advice, buy ETH only if it goes above $190.
Then it can skyrocket and reach 2019 highs.
Everything else is bearish, especially after this bearish weekly close below the area that had to hold.
If it retests this area from below and gets rejected, oh man, this really can go to $100 because it really looks bad.
#NoFinancialAdvice
https://www.tradingview.com/x/1mbSBKVT
Friendly advice, buy ETH only if it goes above $190.
Then it can skyrocket and reach 2019 highs.
Everything else is bearish, especially after this bearish weekly close below the area that had to hold.
If it retests this area from below and gets rejected, oh man, this really can go to $100 because it really looks bad.
#NoFinancialAdvice
ETHBTC is looking bad too
https://www.tradingview.com/x/A394rIi1
In anticipation of a hard fork, some people expected upside momentum, but as you can see, even though it was looking nice, there were no buyers in the market.
When sellers appeared, price easily dropped through the trend line.
If the green area doesn’t hold that is a combination of Fibonacci levels and an important psychological 0.02 price level, bears are in control and can push price very low.
https://www.tradingview.com/x/A394rIi1
In anticipation of a hard fork, some people expected upside momentum, but as you can see, even though it was looking nice, there were no buyers in the market.
When sellers appeared, price easily dropped through the trend line.
If the green area doesn’t hold that is a combination of Fibonacci levels and an important psychological 0.02 price level, bears are in control and can push price very low.
3000 sats is a must hold for XRP!
https://www.tradingview.com/x/bg8A63zs
You don’t have to go back in history to check the impact of this price level because it is clear that at the moment, it works and that’s what matters.
But, it has to keep holding and support XRP on the way up.
Otherwise, one more broken support turned into resistance.
I would really like to see buying activity that would push price 50% to the upside or something like that.
That’s what the XRP community used to do in the past and it has to happen again.
All these ranges are finishing the same way by breaking support and going lower.
The same happened at 7000 sats, 4500 sats, I wouldn’t like to see the same happening this time at 3000 because that would be a clear sign that XRP is having problems.
REAL PROBLEMS!
https://www.tradingview.com/x/bg8A63zs
You don’t have to go back in history to check the impact of this price level because it is clear that at the moment, it works and that’s what matters.
But, it has to keep holding and support XRP on the way up.
Otherwise, one more broken support turned into resistance.
I would really like to see buying activity that would push price 50% to the upside or something like that.
That’s what the XRP community used to do in the past and it has to happen again.
All these ranges are finishing the same way by breaking support and going lower.
The same happened at 7000 sats, 4500 sats, I wouldn’t like to see the same happening this time at 3000 because that would be a clear sign that XRP is having problems.
REAL PROBLEMS!
Cardano (ADA) seems tricky!
https://www.tradingview.com/x/OEPRc16C
While some people would call this a break through support, I would think twice before shorting this.
This may be just range that exceeded and went below the trend line but it doesn’t have to mean it broke through the support.
To confirm the breakout, we need volume confirmation and on this one, we didn’t have.
That’s the reason I would still be neutral on ADA with the possibility to go in any direction.
Whatever happens, the green horizontal line has to hold; otherwise, it can easily go 10% down (450 sats).
https://www.tradingview.com/x/OEPRc16C
While some people would call this a break through support, I would think twice before shorting this.
This may be just range that exceeded and went below the trend line but it doesn’t have to mean it broke through the support.
To confirm the breakout, we need volume confirmation and on this one, we didn’t have.
That’s the reason I would still be neutral on ADA with the possibility to go in any direction.
Whatever happens, the green horizontal line has to hold; otherwise, it can easily go 10% down (450 sats).
TRON most likely will go down!
https://www.tradingview.com/x/2668pF90
The coin I totally lost interest to and I highly believe that it will keep going lower and lower and reach 0 sats at some point.
All the hype it had was because of its CEO and his announcement of announcement of announcement….
And market valuation of currently $1 billion for that is pretty too much, in my opinion.
Short term chart doesn’t look good too.
https://www.tradingview.com/x/2668pF90
The coin I totally lost interest to and I highly believe that it will keep going lower and lower and reach 0 sats at some point.
All the hype it had was because of its CEO and his announcement of announcement of announcement….
And market valuation of currently $1 billion for that is pretty too much, in my opinion.
Short term chart doesn’t look good too.