Crypto Signals
Bitcoin update
Bitcoin update!
The continuation continues which makes a lot of people anxious and impatient.
Yeah, this is not an ideal market condition for active traders but you have to deal with the conditions markets are offering.
If it's slow and not volatile at all, forcing trades could make you enter the trade just before a big shakeout on both sides of the market.
That's what I expect and once it happens, I'm going to analyze the structure of that shakeout and start looking for the next trade.
As an investor, buying now is definitely a good spot as $40k for Bitcoin is coming. the question is when.
The continuation continues which makes a lot of people anxious and impatient.
Yeah, this is not an ideal market condition for active traders but you have to deal with the conditions markets are offering.
If it's slow and not volatile at all, forcing trades could make you enter the trade just before a big shakeout on both sides of the market.
That's what I expect and once it happens, I'm going to analyze the structure of that shakeout and start looking for the next trade.
As an investor, buying now is definitely a good spot as $40k for Bitcoin is coming. the question is when.
People is scaring the GBTC (Grayscale Bitcoin Trust) Unlock dates might cause the massive dump at the moment ( A big week for Grayscale with scheduled GBTC unlock starting today).
Today, July 18, is of particular interest, with that day’s unlocking worth just over 16,000 BTC.
Let's see how it goes but it's probably nothing will happen.
Today, July 18, is of particular interest, with that day’s unlocking worth just over 16,000 BTC.
Let's see how it goes but it's probably nothing will happen.
Crypto Signals
MATIC Technical Analysis I got a lot of questions about this coin so here's my opinion. This coin made an amazing performance in the first half of 2021 but it doesn't mean you should buy just because of that hoping that hopium will continue. On the chart…
MATC/USD in the area I said will be reached sooner or later.
Now waiting for price action to show us, buyers, in this area otherwise this can keep dropping.
Big wick candle or bullish engulfing is required to appear and show us that there're buyers interesting in this coin.
Now waiting for price action to show us, buyers, in this area otherwise this can keep dropping.
Big wick candle or bullish engulfing is required to appear and show us that there're buyers interesting in this coin.
ETH/USD is currently at a very important price level.
We need this support to hold otherwise we could face a serious downtrend continuation.
If we get a long wick candle at this level, it would be extra bullish but let's wait for it to form because the market is currently far away from being bullish.
We need this support to hold otherwise we could face a serious downtrend continuation.
If we get a long wick candle at this level, it would be extra bullish but let's wait for it to form because the market is currently far away from being bullish.
Crypto Signals
MATIC Technical Analysis I got a lot of questions about this coin so here's my opinion. This coin made an amazing performance in the first half of 2021 but it doesn't mean you should buy just because of that hoping that hopium will continue. On the chart…
After one month, we're in a buy zone I was talking about when no one thought about it.
I'm now analyzing signs and looking for buy signs.
So far, it doesn't look that bad.
I'm now analyzing signs and looking for buy signs.
So far, it doesn't look that bad.
Bitcoin and crypto market in general are doing good currently but we're too far from end of downtrend and start of an uptrend.
Yeah, this could be the case but we have to go in stages, step by step and so far it's going good.
Yeah, this could be the case but we have to go in stages, step by step and so far it's going good.
Crypto Signals
After one month, we're in a buy zone I was talking about when no one thought about it. I'm now analyzing signs and looking for buy signs. So far, it doesn't look that bad.
One month ago I called this as a buy zone and look at this 💰
We got what we needed so far for the bullish scenario.
We forecasted a fakeout that would catch the majority on the wrong side of the market.
It happened, we get an instant bonce above $32 000 which was required but we're far away from a bullish market structure.
We got consolidation above $32000 that's still holding which is also a good sign but today or tomorrow we need to get continuation towards resistance and we need to break it.
So, today or no later than tomorrow we need to get that move up otherwise we could easily drop back down.
We forecasted a fakeout that would catch the majority on the wrong side of the market.
It happened, we get an instant bonce above $32 000 which was required but we're far away from a bullish market structure.
We got consolidation above $32000 that's still holding which is also a good sign but today or tomorrow we need to get continuation towards resistance and we need to break it.
So, today or no later than tomorrow we need to get that move up otherwise we could easily drop back down.
ETH/USD looking good as well but if you zoom out, you can see we're far away from a bullish market structure.
We need to get a clear break of the trendline that makes this triangle.
Only then we can start calling the end of this consolidation that was part of the major correction.
Even in that scenario, it will require time to build momentum.
But we got a bounce from the support that was very explosive, we're now above EMA 50 on H4.
To sum up, it's looking good but far away from a safe bullish zone.
We need to get a clear break of the trendline that makes this triangle.
Only then we can start calling the end of this consolidation that was part of the major correction.
Even in that scenario, it will require time to build momentum.
But we got a bounce from the support that was very explosive, we're now above EMA 50 on H4.
To sum up, it's looking good but far away from a safe bullish zone.