Bearish daily close and it went down!
You were right in the vote because the majority voted for downside move 👏
https://www.tradingview.com/x/acnc07F3
You were right in the vote because the majority voted for downside move 👏
https://www.tradingview.com/x/acnc07F3
Bitcoin went 8% up, bulls in control?
https://www.tradingview.com/x/ogkMG04h
While I see people starting to call bullish market again, I find this move a perfect bearish trap that will lead to the new lows in upcoming days (7-14).
I mentioned above in the channel that perfect bearish scenario is a spike to $7600-7700 which just happened.
So unless we see some continuation and H4 or DAily close above $7800, this is extremely bearish and move below $7000 is inevitable in my opinion.
https://www.tradingview.com/x/ogkMG04h
While I see people starting to call bullish market again, I find this move a perfect bearish trap that will lead to the new lows in upcoming days (7-14).
I mentioned above in the channel that perfect bearish scenario is a spike to $7600-7700 which just happened.
So unless we see some continuation and H4 or DAily close above $7800, this is extremely bearish and move below $7000 is inevitable in my opinion.
https://www.tradingview.com/x/OcwYDd45
Nothing to say, it went down as expected but I didn’t expect this to happen on the same day.
This drop is the most bullish thing that could happen for Bitcoin if we go back above $7300 and close daily there.
This is a very tricky situation at the moment.
Yeah, if it closes at the current price, it’s bearish without any doubt but if we go back above $7300 (perfectly $7400) it will invalidate today's move up that was bearish sign and situation will become uncertain because we will have squeezes in both directions without stop loss orders to fuel neither move up nor move down.
This is a little bit more complex and you need to understand market structure a little bit deeper but to sum it up daily close below $7250 and this will stay bearish.
The daily close above $7300 and we will have an even battle between bulls and bears.
Nothing to say, it went down as expected but I didn’t expect this to happen on the same day.
This drop is the most bullish thing that could happen for Bitcoin if we go back above $7300 and close daily there.
This is a very tricky situation at the moment.
Yeah, if it closes at the current price, it’s bearish without any doubt but if we go back above $7300 (perfectly $7400) it will invalidate today's move up that was bearish sign and situation will become uncertain because we will have squeezes in both directions without stop loss orders to fuel neither move up nor move down.
This is a little bit more complex and you need to understand market structure a little bit deeper but to sum it up daily close below $7250 and this will stay bearish.
The daily close above $7300 and we will have an even battle between bulls and bears.
Bitcoin in the safe zone
https://www.tradingview.com/x/o8UpF0QN
Yesterday I nailed Bitcoin price action by calling drop after a move up and then when everyone expected the price to capitulate after falling below $7100, I called a move up that actually happened.
At this moment, I would wait for the right setup because I don’t see some big bullish nor bearish pressure in the market for the next 24-36 hours.
I think the market needs some time to swallow yesterday’s squeezes.
I am looking towards a weekly close and potential direction it will give us.
So far, higher time frames are still bearish but not as bearish as they would be if we didn’t get yesterday’s move down.
Let’s give market some time to show us the direction.
https://www.tradingview.com/x/o8UpF0QN
Yesterday I nailed Bitcoin price action by calling drop after a move up and then when everyone expected the price to capitulate after falling below $7100, I called a move up that actually happened.
At this moment, I would wait for the right setup because I don’t see some big bullish nor bearish pressure in the market for the next 24-36 hours.
I think the market needs some time to swallow yesterday’s squeezes.
I am looking towards a weekly close and potential direction it will give us.
So far, higher time frames are still bearish but not as bearish as they would be if we didn’t get yesterday’s move down.
Let’s give market some time to show us the direction.
https://www.tradingview.com/x/VLEmDTzN
Bitcoin is getting interesting again.
Currently it is still in the range but approaching lower band of that range and I am looking for market reaction.
If it losses that support, we can see price going back down to test previous low ($6500).
With all those spikes to the upside, it’s still more bearish than bullish.
Bitcoin is getting interesting again.
Currently it is still in the range but approaching lower band of that range and I am looking for market reaction.
If it losses that support, we can see price going back down to test previous low ($6500).
With all those spikes to the upside, it’s still more bearish than bullish.
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…
Support turned into the resistance…
https://www.tradingview.com/x/hOOjQEAW
Ethereum is in big trouble if you ask me and as long as we are below this red area, the target is $100.
Nothing more to add here.
https://www.tradingview.com/x/hOOjQEAW
Ethereum is in big trouble if you ask me and as long as we are below this red area, the target is $100.
Nothing more to add here.
LTC/BTC pair is showing clear signs of weakness and we can easily see a continuation of this downward momentum.
https://prnt.sc/qb75np
The only bullish scenario for LTC/BTC pair is if it closes back above the lower red area.
Then I will be looking to buy it.
Without that closure, this can go really deep.
https://prnt.sc/qb75np
The only bullish scenario for LTC/BTC pair is if it closes back above the lower red area.
Then I will be looking to buy it.
Without that closure, this can go really deep.
Lightshot
Screenshot
Captured with Lightshot
Bitcoin downtrend finally over?b
https://www.tradingview.com/x/OPiGJBfv
Looking at the current price action, this looks perfect for bulls and I think the bottom has been reached.
The previous low has been take, huge bullish engulfing on daily time frame.
Looking fundamentally, there are a lot of people that were waiting for $5800 to buy Bitcoin.
They are all now buyers at higher prices, which adds fuel to the current move.
https://www.tradingview.com/x/OPiGJBfv
Looking at the current price action, this looks perfect for bulls and I think the bottom has been reached.
The previous low has been take, huge bullish engulfing on daily time frame.
Looking fundamentally, there are a lot of people that were waiting for $5800 to buy Bitcoin.
They are all now buyers at higher prices, which adds fuel to the current move.
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…
Do you remember this post?
It seemed too pessimistic but price dropped all the way down to $115.
Get ready to fill up your bags because ETH has huge room for growth and offers great investment/trade opportunity.
It’s finally accumulation time for upcoming bull season 🚀🚀🚀
It seemed too pessimistic but price dropped all the way down to $115.
Get ready to fill up your bags because ETH has huge room for growth and offers great investment/trade opportunity.
It’s finally accumulation time for upcoming bull season 🚀🚀🚀
Tomorrow I’ll be going through altcoin market bringing you profitable setups I find.
If you found some interesting coins, send me to @CryptoSignalsAdmin so I can take a look and share my opinion.
If you found some interesting coins, send me to @CryptoSignalsAdmin so I can take a look and share my opinion.
TEZOS is in an obvious uptrend and I would look only for buy opportunities.
Two areas where buyers may step in area 1900-2000 sats support area built based on the previous high that is also an important psychological level.
Because of increasing selling pressure, I am not sure if that one will hold and I wouldn’t go nosedive into that trade.
Firstly I would like to see price testing it and bullish rejections in the form of wicks or bullish engulfing candles.
The second buy area is the golden ratio on 1500 sats.
I will keep you updated on this one!
Two areas where buyers may step in area 1900-2000 sats support area built based on the previous high that is also an important psychological level.
Because of increasing selling pressure, I am not sure if that one will hold and I wouldn’t go nosedive into that trade.
Firstly I would like to see price testing it and bullish rejections in the form of wicks or bullish engulfing candles.
The second buy area is the golden ratio on 1500 sats.
I will keep you updated on this one!
BNB is currently sitting at its support but I am not going to buy it.
The entire higher time direction and this test of support give me enough confluence to stay away from this buy trade.
What you want to see when the price is testing support is an instant bounce.
In my opinion, BNB is ready for a 20-30% drop in the upcoming days/weeks.
Buy scenario only if the trend line gets reclaimed.
The entire higher time direction and this test of support give me enough confluence to stay away from this buy trade.
What you want to see when the price is testing support is an instant bounce.
In my opinion, BNB is ready for a 20-30% drop in the upcoming days/weeks.
Buy scenario only if the trend line gets reclaimed.
XRPBTC still in a clear downtrend but this move above EMA 9 on a weekly time frame is the first sign that the potential end of a bear market is near.
For that, we need to make a higher high and stop making lower lows by breaking below through the support area.
That’s why it’s essential for the green area to hold; otherwise, we are off for another 30-40% drop towards next support (1500).
For that, we need to make a higher high and stop making lower lows by breaking below through the support area.
That’s why it’s essential for the green area to hold; otherwise, we are off for another 30-40% drop towards next support (1500).
Educational articles:
Why will 99% of Altcoins die?
Latest Coin Analysis:
ETH : https://news.1rj.ru/str/CryptoExpertSignals/4984
XRP: https://news.1rj.ru/str/CryptoExpertSignals/4985
BNB: https://news.1rj.ru/str/CryptoExpertSignals/4983
TEZOS: https://news.1rj.ru/str/CryptoExpertSignals/4982
BAT: https://news.1rj.ru/str/CryptoExpertSignals/4981
BTC: https://news.1rj.ru/str/CryptoExpertSignals/4977
LTC: https://news.1rj.ru/str/CryptoExpertSignals/4976
ETC: https://news.1rj.ru/str/CryptoExpertSignals/4988
ADA: https://news.1rj.ru/str/CryptoExpertSignals/4989
XLM: https://news.1rj.ru/str/CryptoExpertSignals/4993
MCO: https://news.1rj.ru/str/CryptoExpertSignals/4994
If you want me to analyse some coin, send your request to @CryptoSignalsAdmin
Why will 99% of Altcoins die?
Latest Coin Analysis:
ETH : https://news.1rj.ru/str/CryptoExpertSignals/4984
XRP: https://news.1rj.ru/str/CryptoExpertSignals/4985
BNB: https://news.1rj.ru/str/CryptoExpertSignals/4983
TEZOS: https://news.1rj.ru/str/CryptoExpertSignals/4982
BAT: https://news.1rj.ru/str/CryptoExpertSignals/4981
BTC: https://news.1rj.ru/str/CryptoExpertSignals/4977
LTC: https://news.1rj.ru/str/CryptoExpertSignals/4976
ETC: https://news.1rj.ru/str/CryptoExpertSignals/4988
ADA: https://news.1rj.ru/str/CryptoExpertSignals/4989
XLM: https://news.1rj.ru/str/CryptoExpertSignals/4993
MCO: https://news.1rj.ru/str/CryptoExpertSignals/4994
If you want me to analyse some coin, send your request to @CryptoSignalsAdmin
Crypto Signals pinned «Educational articles: Why will 99% of Altcoins die? Latest Coin Analysis: ETH : https://news.1rj.ru/str/CryptoExpertSignals/4984 XRP: https://news.1rj.ru/str/CryptoExpertSignals/4985 BNB: https://news.1rj.ru/str/CryptoExpertSignals/4983 TEZOS: https://news.1rj.ru/str/CryptoExpertSignals/4982 BAT:…»
ETCBTC is the best example of what we want to see on a test of support.
This wick bellow green area and close above is a true example of buying power in the market?
Does it mean ETC will go up?
Not, but this is one of the rarest to show that upside potential.
The first thing is to maintain this weekly candle above EMA 9 and then to continue to the upside in the next week.
The lowest it can go is back to EMA 9 to test it.
Close back below EMA 9 and this won’t be good setup as it is now.
The red areas above are potential targets.
This wick bellow green area and close above is a true example of buying power in the market?
Does it mean ETC will go up?
Not, but this is one of the rarest to show that upside potential.
The first thing is to maintain this weekly candle above EMA 9 and then to continue to the upside in the next week.
The lowest it can go is back to EMA 9 to test it.
Close back below EMA 9 and this won’t be good setup as it is now.
The red areas above are potential targets.
ADA/BTC is looking awful, to be honest.
What to say about a coin that is at an all-time low?
Well, ultimately, sooner or later, it will go up?
No, stop thinking like that.
We are in a bubble similar to the DotCom bubble.
Even though some companies survived and are today leading companies in the world, most of them failed.
The same will happen with crypto so stop filling your bags with worthless coins.
If it’s 450 sats now, it can be 100 sats in 6 months which will be 80% down if you buy now.
buy only when there is confirmation in the market and ADA didn’t give us a bullish confirmation for ages.
If it goes back in the red area, YES, it can go up but without that, it will keep going lower.
The red area had to hold but as you can see, it failed to do it!
What to say about a coin that is at an all-time low?
Well, ultimately, sooner or later, it will go up?
No, stop thinking like that.
We are in a bubble similar to the DotCom bubble.
Even though some companies survived and are today leading companies in the world, most of them failed.
The same will happen with crypto so stop filling your bags with worthless coins.
If it’s 450 sats now, it can be 100 sats in 6 months which will be 80% down if you buy now.
buy only when there is confirmation in the market and ADA didn’t give us a bullish confirmation for ages.
If it goes back in the red area, YES, it can go up but without that, it will keep going lower.
The red area had to hold but as you can see, it failed to do it!
Why will 99% of Altcoins die?
This is a hard truth to swallow, but you have to if you want to make some money in crypto.
This is a natural law as well.
There will be only one king of the jungle - Lion.
Even though there are hundreds of lions in that jungle, the king is one.
The same happened in the DotCom bubble.
There were thousands of companies with great ideas. Having a great idea is not hard and all you need is an opened mind.
But when it comes to making that idea true, problems arise.
Some of them struggle to raise money, hire a good-working team, make a great product, deliver to the market audience.
There are hundreds of obstacles but those who overcome all of them will ultimately be market leaders.
The best examples are the companies such as Amazin, Apple that were also struggling throughout the DotCom bubble, bbut they were strong enough to survive and achieve what they are today.
At one point, Amazon stocks were 90% down but those who were holding are enjoying fortune today.
To hold through tough times, you need to know the reason you bought stocks or coins in our example.
Back in 2017, to launch an ICO, you needed basic HTML page, copied white paper with small changes and an egoistic nature claiming you are building new Bitcoin.
A few weeks later, you raised millions out of nowhere.
No right business plan, team behind, nothing!
And you are asking now why those coins keep falling down?
But why are ETH or XRP as major cryptocurrencies going down?
In the case of ETH and XRP, they are on the edge of the cliff to prove they are strong enough to survive through a tough period.
I don’t know if they are Amazon or Apple of the crypto world, neither you know.
but what I know is that even though they are 90% down from the ATH, they are 15-20X up from the same time in 2016.
Even though comparison with 2017 looks terrible, comparison with 2016 is still outstanding.
So, maybe we should change the perspective and look at the bigger picture.
I do hold ETH and XRP in small chunks but my main focus is Bitcoin and it should be yours too!
I am not an altcoin hater but just a technical trader that didn't get a bullish sign on the majority of altcoins for ages.
This is a hard truth to swallow, but you have to if you want to make some money in crypto.
This is a natural law as well.
There will be only one king of the jungle - Lion.
Even though there are hundreds of lions in that jungle, the king is one.
The same happened in the DotCom bubble.
There were thousands of companies with great ideas. Having a great idea is not hard and all you need is an opened mind.
But when it comes to making that idea true, problems arise.
Some of them struggle to raise money, hire a good-working team, make a great product, deliver to the market audience.
There are hundreds of obstacles but those who overcome all of them will ultimately be market leaders.
The best examples are the companies such as Amazin, Apple that were also struggling throughout the DotCom bubble, bbut they were strong enough to survive and achieve what they are today.
At one point, Amazon stocks were 90% down but those who were holding are enjoying fortune today.
To hold through tough times, you need to know the reason you bought stocks or coins in our example.
Back in 2017, to launch an ICO, you needed basic HTML page, copied white paper with small changes and an egoistic nature claiming you are building new Bitcoin.
A few weeks later, you raised millions out of nowhere.
No right business plan, team behind, nothing!
And you are asking now why those coins keep falling down?
But why are ETH or XRP as major cryptocurrencies going down?
In the case of ETH and XRP, they are on the edge of the cliff to prove they are strong enough to survive through a tough period.
I don’t know if they are Amazon or Apple of the crypto world, neither you know.
but what I know is that even though they are 90% down from the ATH, they are 15-20X up from the same time in 2016.
Even though comparison with 2017 looks terrible, comparison with 2016 is still outstanding.
So, maybe we should change the perspective and look at the bigger picture.
I do hold ETH and XRP in small chunks but my main focus is Bitcoin and it should be yours too!
I am not an altcoin hater but just a technical trader that didn't get a bullish sign on the majority of altcoins for ages.