Looking at the market and comparing different crossings, it looks like USD pairs are hitting resistance (BTC, ETH, XRP).
I'm eagerly waiting for daily closure and reaction to that close because we can get some early signs that USD prices will go down for some time.
I'm eagerly waiting for daily closure and reaction to that close because we can get some early signs that USD prices will go down for some time.
Crypto Signals
The recent spike up is confirmation how weak this is. When you see something like this, it is usually a very bad sign. Someone bought a lot of coins and the price dropped instantly. It means a lot of sellers are there waiting for an increase to dump their…
I got asked about LISK so here’s my opinion on this coin.
If you check my previous opinion on LISK that’s attached to this post, you’ll see that I was completely right about it and after my bearish statement, it went down for 70-80%.
Now it doesn’t look bad but I’m not interested in buying it at this price.
It’s approaching resistance that can work out so the area I would be buying is the green area.
If you check my previous opinion on LISK that’s attached to this post, you’ll see that I was completely right about it and after my bearish statement, it went down for 70-80%.
Now it doesn’t look bad but I’m not interested in buying it at this price.
It’s approaching resistance that can work out so the area I would be buying is the green area.
Crypto Signals via @vote
Is ETHBTC pair going to break through the resistance?
anonymous poll
Yes! – 74
👍👍👍👍👍👍👍 43%
No! – 74
👍👍👍👍👍👍👍 43%
I have no idea! – 25
👍👍 14%
👥 173 people voted so far.
anonymous poll
Yes! – 74
👍👍👍👍👍👍👍 43%
No! – 74
👍👍👍👍👍👍👍 43%
I have no idea! – 25
👍👍 14%
👥 173 people voted so far.
Crypto Signals
ETH is approaching potential resistance in a parallel channel.
ETHUSD is currently in the red area hitting resistance at the same time as ETHBTC.
Coincidence or not, let’s see!
Coincidence or not, let’s see!
NEOUSD
I got asked what do I think about NEO?
Well, this looks pretty decent, to be honest.
This is what I like when the resistance is approached.
Step by step approach because, in that case, you’ll still have a lot of buyers and the chance of resistance being broken goes up.
I remain bullish as long as 10.00 holds.
I have no idea if it will be broken on the first touch or second, but as long as the price is looking this good, I think we have a chance to break the resistance.
I got asked what do I think about NEO?
Well, this looks pretty decent, to be honest.
This is what I like when the resistance is approached.
Step by step approach because, in that case, you’ll still have a lot of buyers and the chance of resistance being broken goes up.
I remain bullish as long as 10.00 holds.
I have no idea if it will be broken on the first touch or second, but as long as the price is looking this good, I think we have a chance to break the resistance.
It seems like a lot of things impact Bitcoin price so I got a question what do I think about Coronavirus and its impact on crypto.
Well, when the world is in panic, assets that are considered as a store of value (Gold, Bitcoin) should behave in a manner similar to the bull market.
When the USA strikes Iran, the price of both assets went up.
The situation with the Coronavirus is, in my opinion, the money-making opportunity for big companies and organizations.
Just to bring some numbers into perspective, yearly, more than 500 000 people die from seasonal flu and nobody is talking about it but the whole world is panicking because 100 people died from the Coronavirus?
Don’t you see something weird here?
I remember when there were 500 people infected by this virus, all media in my country (that’s not the world’s top country) were talking about this!?
Why?
What’s so special about this virus?
Nothing!
They just want to sell you their vaccine that will “protect” you against this virus.
And the last thing, I’m almost 100% sure this is a human-made virus.
The biggest laboratory for viruses in the world is just 30 minutes from the place where the first victim was identified.
Coincidence again?
They spread the virus and then sell you their drugs that will keep you safe.
In the end, they make money.
I’m really sad to write something like this, but that’s what people are doing to make more money…
If this will have an impact on crypto, I think it will be positive.
Well, when the world is in panic, assets that are considered as a store of value (Gold, Bitcoin) should behave in a manner similar to the bull market.
When the USA strikes Iran, the price of both assets went up.
The situation with the Coronavirus is, in my opinion, the money-making opportunity for big companies and organizations.
Just to bring some numbers into perspective, yearly, more than 500 000 people die from seasonal flu and nobody is talking about it but the whole world is panicking because 100 people died from the Coronavirus?
Don’t you see something weird here?
I remember when there were 500 people infected by this virus, all media in my country (that’s not the world’s top country) were talking about this!?
Why?
What’s so special about this virus?
Nothing!
They just want to sell you their vaccine that will “protect” you against this virus.
And the last thing, I’m almost 100% sure this is a human-made virus.
The biggest laboratory for viruses in the world is just 30 minutes from the place where the first victim was identified.
Coincidence again?
They spread the virus and then sell you their drugs that will keep you safe.
In the end, they make money.
I’m really sad to write something like this, but that’s what people are doing to make more money…
If this will have an impact on crypto, I think it will be positive.
Crypto Signals
Looking for a daily closure. This might be the point where this move will find its top.
Bitcoin is still in the rising wedge that’s by default bearish pattern formation but don’t be close-minded because there were plenty of situations when the price went up to the moon after forming this pattern.
I won’t be guessing where this will go but patiently wait for the market to unfold.
Close below support, looking for shorts.
Close above resistance, holding spot position and looking for intraday longs.
Looking doesn’t mean entering instantly because it highly depends on the nature of that move.
The market will show us everything; we just need to wait and stop acting like we exactly know where this will go.
One more time, it can go in both directions.
I still favor a short scenario because it gives way better risk reward but I won’t short it just because of it.
I won’t be guessing where this will go but patiently wait for the market to unfold.
Close below support, looking for shorts.
Close above resistance, holding spot position and looking for intraday longs.
Looking doesn’t mean entering instantly because it highly depends on the nature of that move.
The market will show us everything; we just need to wait and stop acting like we exactly know where this will go.
One more time, it can go in both directions.
I still favor a short scenario because it gives way better risk reward but I won’t short it just because of it.
Crypto Signals
ETH is approaching potential resistance in a parallel channel.
Resistance got hit and we saw the rejection.
Crypto Signals via @vote
Is ETHUSD going to break this resistance?
anonymous poll
No, we’ll see rejection to $200! – 109
👍👍👍👍👍👍👍 42%
Yes! – 107
👍👍👍👍👍👍👍 41%
No idea... – 45
👍👍👍 17%
👥 261 people voted so far.
anonymous poll
No, we’ll see rejection to $200! – 109
👍👍👍👍👍👍👍 42%
Yes! – 107
👍👍👍👍👍👍👍 41%
No idea... – 45
👍👍👍 17%
👥 261 people voted so far.
Crypto Signals
ETHBTC at resistance. Looking at the price action, it’s parabolic too early, which is not a good sign for bulls.
The third day that this area is acting as a resistance and stopping price from going higher.
I don’t have a setup yet.
If this will start going down, I will be looking for buy setup because I expect one more wave up after this strong bullish momentum the last couple of days.
I don’t have a setup yet.
If this will start going down, I will be looking for buy setup because I expect one more wave up after this strong bullish momentum the last couple of days.
Just to make a quick update, I have no swing setup on Bitmex pairs.
I am waiting for certain things to line up.
In the meantime, if you have some questionn, send them to @CryptoSignalsAdmin and I’ll answer as much as I can.
I am waiting for certain things to line up.
In the meantime, if you have some questionn, send them to @CryptoSignalsAdmin and I’ll answer as much as I can.
Technically speaking, today is a very important day that can give us direction for days ahead of us.
Yesterday we had a great bullish weekly close and just after that close, we saw a dump.
While I see why this will be considered as bearish by the majority of the traders, today's candlestick could be one of the biggest fake signs.
Why?
The red candle you see now is nothing more but weekly pullback and retest of broken resistance $9600.
So, on higher timeframes, this is still extra bullish.
Then, the volume is very high and can be one of the highest in the last 2-3 weeks and most likely, that will be red volume bar - one more obvious bearish signs that in reality means nothing.
Because of all these signs, I think that are fake, I expect Bitcoin is going parabolic to $10500 and probably to $11500 in upcoming days.
Invalidation will be daily close below $9600 and then I will become neutral on Bitcoin, giving both directions the same chance.
Yesterday we had a great bullish weekly close and just after that close, we saw a dump.
While I see why this will be considered as bearish by the majority of the traders, today's candlestick could be one of the biggest fake signs.
Why?
The red candle you see now is nothing more but weekly pullback and retest of broken resistance $9600.
So, on higher timeframes, this is still extra bullish.
Then, the volume is very high and can be one of the highest in the last 2-3 weeks and most likely, that will be red volume bar - one more obvious bearish signs that in reality means nothing.
Because of all these signs, I think that are fake, I expect Bitcoin is going parabolic to $10500 and probably to $11500 in upcoming days.
Invalidation will be daily close below $9600 and then I will become neutral on Bitcoin, giving both directions the same chance.
I’m putting my reputation on risk by giving those insights and targets but I can’t be objective when I see potential signs that are most likely fake.
No matter how big drop today’s going to be, if it bounces off $9600, that’s nothing more than a perfect retest of a broken resistance area.
If we get back to $10 000 after that bounce, I really see Bitcoin giving us some nice green candles.
The positive side of this setup is that the invalidation area is very close and targets are far away so the risk reward is awesome.
Let’s see what’s about to happen 😉
No matter how big drop today’s going to be, if it bounces off $9600, that’s nothing more than a perfect retest of a broken resistance area.
If we get back to $10 000 after that bounce, I really see Bitcoin giving us some nice green candles.
The positive side of this setup is that the invalidation area is very close and targets are far away so the risk reward is awesome.
Let’s see what’s about to happen 😉
My opinion on Bitcoin is still the same; nothing changed from yesterday.
I’m bullish.
Invalidation: Daily close below $9600.
Targets: $10,500 and $11,500.
If something changes and I flip the bias, I’ll let you know.
I’m bullish.
Invalidation: Daily close below $9600.
Targets: $10,500 and $11,500.
If something changes and I flip the bias, I’ll let you know.
Crypto Signals
Technically speaking, today is a very important day that can give us direction for days ahead of us. Yesterday we had a great bullish weekly close and just after that close, we saw a dump. While I see why this will be considered as bearish by the majority…
One more time, I was right!
Bitcoin back above $10,000 🚀🚀🚀
Bitcoin back above $10,000 🚀🚀🚀
What if multi-year support turns into resistance and sends ETHBTC crossing to new lows?
Just to mention, this is not a prediction or trade setup I’m going to trade.
This is just to bring in perspective what could happen because once people see 50% move up in crypto, they think 2017 is back and we’re about to fly.
Well, 2017 will never be back, especially for ALT/BTC pairs.
At that time, all they had to do is to publish a hot idea in white paper and a billion market cap is there overnight.
Now, after more than 2 years, they had to prove their value, it’s very hard to see ALT/BTC pairs hitting near to previous all-time high.
For instance, ETH was the only project for DAPPs and it was a revolution.
Now, it’s not the only project in that industry, it failed to deliver a lot of promised updates (hard fork, POS…)
As always, I like to give you some perspective you may didn’t see before.
>>>
Just to mention, this is not a prediction or trade setup I’m going to trade.
This is just to bring in perspective what could happen because once people see 50% move up in crypto, they think 2017 is back and we’re about to fly.
Well, 2017 will never be back, especially for ALT/BTC pairs.
At that time, all they had to do is to publish a hot idea in white paper and a billion market cap is there overnight.
Now, after more than 2 years, they had to prove their value, it’s very hard to see ALT/BTC pairs hitting near to previous all-time high.
For instance, ETH was the only project for DAPPs and it was a revolution.
Now, it’s not the only project in that industry, it failed to deliver a lot of promised updates (hard fork, POS…)
As always, I like to give you some perspective you may didn’t see before.
>>>
>>>
Yes, lately, it performs good but it’s still how you look at it.
The lowest point ETH/BTC went from its all-time high was -89% and now it's -84%...
Does this mean the potential to go up?
Just because if something is cheap, it doesn't make it profitable.
So, if you're for some reason extra bullish on ETH, my suggestion is to wait what's going to happen in this area because in some outcome, buying now could mean buying absolute top of 2020 (maybe?)
The main argument is because if it crosses ab0ve this resistance, you have then place where to put stop loss or invalidation area.
If you buy now, your invalidation area is below this range which is 30% below the current price.
If you can afford that risk, nothing stops you from buying this cryptocurrency pair.
Yes, lately, it performs good but it’s still how you look at it.
The lowest point ETH/BTC went from its all-time high was -89% and now it's -84%...
Does this mean the potential to go up?
Just because if something is cheap, it doesn't make it profitable.
So, if you're for some reason extra bullish on ETH, my suggestion is to wait what's going to happen in this area because in some outcome, buying now could mean buying absolute top of 2020 (maybe?)
The main argument is because if it crosses ab0ve this resistance, you have then place where to put stop loss or invalidation area.
If you buy now, your invalidation area is below this range which is 30% below the current price.
If you can afford that risk, nothing stops you from buying this cryptocurrency pair.
Forwarded from Crypto Signals
We’re entering bullish market sentiment and the main reason is upcoming halving.
There are people saying it’s already priced in.
What people don’t understand are the technical side of halving.
It doesn’t matter if it’s priced in or not.
That can only cause short term price fluctuations.
The first major impact of halving is that it’s going to make Bitcoin more scarce.
The second and most important impact is giving miners 50% less rewards.
It means that selling pressure caused by miners that always there will decrease.
Miners are always bears in the market because they need to sell Bitcoin to pay electricity.
When you give them 50% half of the coins they used to get, the selling pressure will definitely go down.
No matter what happens, history is perfectly clear.
When we’re approaching halving, the market is entering into the bullish cycle and when in that cycle, avoid shorting with big positions because you can be shaken out of the market quickly.
There are people saying it’s already priced in.
What people don’t understand are the technical side of halving.
It doesn’t matter if it’s priced in or not.
That can only cause short term price fluctuations.
The first major impact of halving is that it’s going to make Bitcoin more scarce.
The second and most important impact is giving miners 50% less rewards.
It means that selling pressure caused by miners that always there will decrease.
Miners are always bears in the market because they need to sell Bitcoin to pay electricity.
When you give them 50% half of the coins they used to get, the selling pressure will definitely go down.
No matter what happens, history is perfectly clear.
When we’re approaching halving, the market is entering into the bullish cycle and when in that cycle, avoid shorting with big positions because you can be shaken out of the market quickly.