Let's take a bit closer look at #BTC
BTC is consolidating in a channel - possible bear flag for a continuation down since volume doesn't look great.
Nevertheless we can count on a bounce to the middle of the channel and then potentially to the top of it.
BTC is consolidating in a channel - possible bear flag for a continuation down since volume doesn't look great.
Nevertheless we can count on a bounce to the middle of the channel and then potentially to the top of it.
CryptoBullet
XBTUSD Scalp Trade Invest in this trade according to your money and risk management Leverage: 5x 📈 Long: 3400-3410 Target: 3445 Stop loss: 3319
Closing position in a little profit (+2%). Don't like the price action. Capital preservation is the key.
⏰ Cboe Futures expiration date marked Feb. 13.
#Bitcoin's reaction to the expiration of Cboe futures during the downward trend saw 1.2%-16% decline in prices. Will BTC drop on Feb. 13 ? Nobody knows the future, but volatility will be present.
#Bitcoin's reaction to the expiration of Cboe futures during the downward trend saw 1.2%-16% decline in prices. Will BTC drop on Feb. 13 ? Nobody knows the future, but volatility will be present.
CryptoBullet
#BTC We have identical formations on both RSI and candlesticks Expecting a breakout to the 50-Day MA. Upside target: 3740 region Should we be wrong, and we drop - 3200
🚀🎯 BTC broke out to the 50-Day MA just like we predicted.
If you want to join our VIP channel and long such BTC moves - contact @Likeniss
If you want to join our VIP channel and long such BTC moves - contact @Likeniss
#BTC monthly perspective
Looking at the monthly chart, there's nothing positive yet.
We can say something about the last month that has completed. January didn't give us a new intra-month low, but it gave us a new closing low and this means that the monthly chart remains bearish.
⚠️ Also we are coming up to 50-Month MA and history tells us we never closed below it. So, by closing below the 50-Month MA (which is very likely to happen), it will show you with TA that the current bear market is worse than the previous one.
💡Probably the price is going to kinda get stuck in this range (between the 7-Month MA & 50-Month MA) into the death cross between 7- & 50-Month MAs and take a nosedive into the summer.
Looking at the monthly chart, there's nothing positive yet.
We can say something about the last month that has completed. January didn't give us a new intra-month low, but it gave us a new closing low and this means that the monthly chart remains bearish.
⚠️ Also we are coming up to 50-Month MA and history tells us we never closed below it. So, by closing below the 50-Month MA (which is very likely to happen), it will show you with TA that the current bear market is worse than the previous one.
💡Probably the price is going to kinda get stuck in this range (between the 7-Month MA & 50-Month MA) into the death cross between 7- & 50-Month MAs and take a nosedive into the summer.
#BTC is looking strong on the daily chart.
[ After consolidating in the support zone, we got a strong move up that was stopped by 50-Day MA (again). Look how it rejected the price several times in January. ]
📈 Today we has finally broken above 50-Day MA and now we are in the next resistance - 100-Day MA.
There is a chance to go over 4k but if you had a good entry this is a good point to lock in profits and leave some smaller portion to run for higher targets.
📌 We kept saying that we were expecting one more dead cat bounce in Q1 before new lows to lure more people. Looks like the bull trap is in play.
The longer it takes for the dead cat bounce to happen, the less chance to go higher it will have, because the moving averages are coming down as time goes.
[ After consolidating in the support zone, we got a strong move up that was stopped by 50-Day MA (again). Look how it rejected the price several times in January. ]
📈 Today we has finally broken above 50-Day MA and now we are in the next resistance - 100-Day MA.
There is a chance to go over 4k but if you had a good entry this is a good point to lock in profits and leave some smaller portion to run for higher targets.
📌 We kept saying that we were expecting one more dead cat bounce in Q1 before new lows to lure more people. Looks like the bull trap is in play.
The longer it takes for the dead cat bounce to happen, the less chance to go higher it will have, because the moving averages are coming down as time goes.
#BTC
Sentiment is quite bullish till the resistance zone. It's not surprising, especially after green candles - not during red ones.
💡BTC is forming an ascending triangle on 1h chart. Do not consider opening longs at current prices, even though weekly RSI still has room to go up.
Would like BTC to push up slightly higher to at least 4100 to mid 4ks would be a nice a target.
Notice the long wicks on the daily chart. It's a nice sign of a slight retrace (to 3800) likely.
🎯 Don't overexpose, risk what you can afford to lose, remember to take profits at your target areas and don't get overly hyped.
How high do we see the current move going before the bull trap plays out?
Don't see it going past 4700
Sentiment is quite bullish till the resistance zone. It's not surprising, especially after green candles - not during red ones.
💡BTC is forming an ascending triangle on 1h chart. Do not consider opening longs at current prices, even though weekly RSI still has room to go up.
Would like BTC to push up slightly higher to at least 4100 to mid 4ks would be a nice a target.
Notice the long wicks on the daily chart. It's a nice sign of a slight retrace (to 3800) likely.
🎯 Don't overexpose, risk what you can afford to lose, remember to take profits at your target areas and don't get overly hyped.
How high do we see the current move going before the bull trap plays out?
Don't see it going past 4700
📉 BTC dumps hard finally (to remind that we are in a bear market)
We got a pop up slightly above 4100 like we described, read previous post. Turns out that was enough to Bull Trap people, and today we have a bearish engulfing.
Some facts:
- We were expecting the reversal at the support zone, and we got it!
- We were expecting a significant dead cat bounce before making new lows to lure more people - and we got it!
- We warned you that the move up that has ended today was only a Bull Trap - and now you see a $400 crash in the chart!
Hope that we helped you not to get Bull Trapped.
We got a pop up slightly above 4100 like we described, read previous post. Turns out that was enough to Bull Trap people, and today we have a bearish engulfing.
Some facts:
- We were expecting the reversal at the support zone, and we got it!
- We were expecting a significant dead cat bounce before making new lows to lure more people - and we got it!
- We warned you that the move up that has ended today was only a Bull Trap - and now you see a $400 crash in the chart!
Hope that we helped you not to get Bull Trapped.
ETHUSD Scalp Trade
Invest in this trade according to your money and risk management
Leverage: 5x
📈 Long: 125-124
Target: 129
Stop loss: 121
Invest in this trade according to your money and risk management
Leverage: 5x
📈 Long: 125-124
Target: 129
Stop loss: 121
#BTC weekly perspective
Let's take a look at the Bollinger Bands.
The middle line of the Bollinger Bands has been pretty relevant and acted as a strong resistance for a long time. We couldn't open & close a candle above it since January 2018 !
The Bollinger Bands are clearly negative and we are taking about long term on the weekly basis. What we mean by that is we are below the mid line of the Bollinger Bands and as we come up to it by going sideways, the probability increases that we are going back down and test the lower band.
However, the short term trend is clearly trying to pop back up to that 4k zone (where we have enormous resistance), but intermediate and long term trends are pointing down.
🔴 Now look at the sweet range BTC has been trading in since late November from the MAs prospective.
Seeing some very interesting things: the price is getting squeezed between the 200-Week MA and the 200-Week EMA. Look how beautifully these MAs have been acting as a continued support (200-Week MA) and resistance (200-Week EMA).
Looking forward to when Bitcoin breaks out of this range. ⚠️ The breakout is supposed to be violent.
Let's take a look at the Bollinger Bands.
The middle line of the Bollinger Bands has been pretty relevant and acted as a strong resistance for a long time. We couldn't open & close a candle above it since January 2018 !
The Bollinger Bands are clearly negative and we are taking about long term on the weekly basis. What we mean by that is we are below the mid line of the Bollinger Bands and as we come up to it by going sideways, the probability increases that we are going back down and test the lower band.
However, the short term trend is clearly trying to pop back up to that 4k zone (where we have enormous resistance), but intermediate and long term trends are pointing down.
🔴 Now look at the sweet range BTC has been trading in since late November from the MAs prospective.
Seeing some very interesting things: the price is getting squeezed between the 200-Week MA and the 200-Week EMA. Look how beautifully these MAs have been acting as a continued support (200-Week MA) and resistance (200-Week EMA).
Looking forward to when Bitcoin breaks out of this range. ⚠️ The breakout is supposed to be violent.
#XRP
We are now in the apex of this large pennant
We’ve tested the 100-Day MA several times in February. Now it comes in line with the downtrend resistance. Once we broke above it, the firework will start 🎇
A successful breakout could see a very significant move.
🎯 Conservative breakout targets: 35 - 38 - 43 cents
Support at 29 cents
We are now in the apex of this large pennant
We’ve tested the 100-Day MA several times in February. Now it comes in line with the downtrend resistance. Once we broke above it, the firework will start 🎇
A successful breakout could see a very significant move.
🎯 Conservative breakout targets: 35 - 38 - 43 cents
Support at 29 cents
What do you think about recent Altcoin pumps?
Anonymous Poll
39%
It's an Altcoin season and it has more upside
61%
It's the final exit pump before a dump
📰 Tether has updated the terms on its website, saying that its dollar-pegged USDT stablecoin may not be backed 100 percent by fiat reserves.
The new text states that while its stablecoin is 100% backed, its reserves may at times include other assets.
However, Tether’s previous terms indicated full fiat backing.
⚠️ Be cautious with USDT. Fortunately, there are other stable coins to diversify.
The new text states that while its stablecoin is 100% backed, its reserves may at times include other assets.
However, Tether’s previous terms indicated full fiat backing.
⚠️ Be cautious with USDT. Fortunately, there are other stable coins to diversify.
🤔 Is #Altcoin Season here?
The real winners of it are those that accumulated weeks before everyone started talking about them.
What if these were all the final exit pumps? Very likely, so book profits and wait in stable coins.
💡Sideways Range coins after a good peak gain still have potential.
There's still way too many unpumped but live projects out there to be at the exit stage.
The real winners of it are those that accumulated weeks before everyone started talking about them.
What if these were all the final exit pumps? Very likely, so book profits and wait in stable coins.
💡Sideways Range coins after a good peak gain still have potential.
There's still way too many unpumped but live projects out there to be at the exit stage.
#BTC
Do not get overexcited. 5k ? Let it break at least 4200 !
❗️We have very strong resistance coming around 4.1k region, breaking which will turn things very bullish.
⚠️ Look at this bearish pennant. (Btw its support & resistance lines are pretty much come in line with the 200-Week MA & 200-Week EMA beautifully squeezing the price on the weekly chart, scroll up to March 6th and read the post about it)
Looks like top resistance could be retested one more time, then we have bottom support at 3400-3500.
We are likely to have another small bounce when we reach the support zone. Finally, the bearish pennant break down is gonna be very nasty.
For the upcoming days it’s reasonable to visit 3700-3800 region to cool off.
If Bitcoin can hold these higher levels for the next few weeks, that’s going to be very positive for the Alts.
Do not get overexcited. 5k ? Let it break at least 4200 !
❗️We have very strong resistance coming around 4.1k region, breaking which will turn things very bullish.
⚠️ Look at this bearish pennant. (Btw its support & resistance lines are pretty much come in line with the 200-Week MA & 200-Week EMA beautifully squeezing the price on the weekly chart, scroll up to March 6th and read the post about it)
Looks like top resistance could be retested one more time, then we have bottom support at 3400-3500.
We are likely to have another small bounce when we reach the support zone. Finally, the bearish pennant break down is gonna be very nasty.
For the upcoming days it’s reasonable to visit 3700-3800 region to cool off.
If Bitcoin can hold these higher levels for the next few weeks, that’s going to be very positive for the Alts.