BTC 12h chart
Look at how beautifully the price bounced off the 200 EMA on a reversal candle and on a high volume.
❗️The bad news is the bearish cross between the 9 EMA & 50 EMA.
We can expect a bounce to the previous support zone which broke down (10.6-10.8k) and then more downside.
Look at how beautifully the price bounced off the 200 EMA on a reversal candle and on a high volume.
❗️The bad news is the bearish cross between the 9 EMA & 50 EMA.
We can expect a bounce to the previous support zone which broke down (10.6-10.8k) and then more downside.
LTC/BTC: do or die
LTC established a clear triple bottom. This thing really needs to bounce off its support next week! Those who hold LTC don’t really want that support to break. Otherwise it will be a catastrophe & Litecoin might be over.
⚠️ Once Litecoin breaks this horizontal support, at least a 25% decline will be only a matter of time.
Combine this with leaked conversations between Charlie Lee and other principle actors involved with Litecoin, which show evidence of no significant work being done on the cryptocurrency code since the start of 2019. Nobody is interested in working on Litecoin Protocol.
LTC established a clear triple bottom. This thing really needs to bounce off its support next week! Those who hold LTC don’t really want that support to break. Otherwise it will be a catastrophe & Litecoin might be over.
⚠️ Once Litecoin breaks this horizontal support, at least a 25% decline will be only a matter of time.
Combine this with leaked conversations between Charlie Lee and other principle actors involved with Litecoin, which show evidence of no significant work being done on the cryptocurrency code since the start of 2019. Nobody is interested in working on Litecoin Protocol.
CryptoBullet
BTC 12h chart Look at how beautifully the price bounced off the 200 EMA on a reversal candle and on a high volume. ❗️The bad news is the bearish cross between the 9 EMA & 50 EMA. We can expect a bounce to the previous support zone which broke down (10.6…
BTC has returned to the previous support zone like we expected!
So, BTC bounced back exactly to the support zone which we mentioned in previous BTC update - 10.6-10.8k. Right now the price is stuck in that range.
9 EMA & 50 EMA started looking north. Break 10.8k and in a blink of an eye we are at 11.3k.
📍Key level is 12k. Breaking this would mean creating a higher high and open the way to new yearly highs. As of right now, going past the previous swing high seems unlikely.
9 EMA & 50 EMA started looking north. Break 10.8k and in a blink of an eye we are at 11.3k.
📍Key level is 12k. Breaking this would mean creating a higher high and open the way to new yearly highs. As of right now, going past the previous swing high seems unlikely.
📰 BREAKING: Tether is going to issue a new stablecoin, dubbed “CNHT” pegged to offshore Chinese yuan (CNH)
CHNT will be the fourth stablecoin to Tether’s basket, in addition to three existing stablecoins pegged to the U.S. dollar (USDT), euro (EURT) and the Japanese yen (JPYT).
CHNT will be the fourth stablecoin to Tether’s basket, in addition to three existing stablecoins pegged to the U.S. dollar (USDT), euro (EURT) and the Japanese yen (JPYT).
CryptoBullet
BTC 12h chart Look at how beautifully the price bounced off the 200 EMA on a reversal candle and on a high volume. ❗️The bad news is the bearish cross between the 9 EMA & 50 EMA. We can expect a bounce to the previous support zone which broke down (10.6…
Look at how our scenario perfectly played out! We reached 10.6-10.8k zone like we expected and even tried to overshoot it but didn't manage to get above 11k. After that we are having downside action like we said back then.
📍Important level to watch is 9.4k. If we lose it, that will result in a significant move to the downside.
📍Important level to watch is 9.4k. If we lose it, that will result in a significant move to the downside.
❗️Fear and greed index is at 5 – the lowest value in history!
This is what can be called an Extreme Fear sentiment
This is what can be called an Extreme Fear sentiment
CryptoBullet
BTC dominance #update
BTC Dominance topped out in our Area of Rejection No.2. Notice beautiful rejection by the 200-Week MA, just like we expected
CryptoBullet
Bitcoin Dominance is now at 17 Month High around 62%. 🎯 The target of the channel breakout is almost reached. As long as resistance holds, BTC paired ALTs can recover 20-40%, but if it breaks higher than we'll meet the Bullish flag target, which is way…
📌To remind you when we came up with this prediction: back in May we pointed out two rejection zones. At that time BTC Dominance was in the Area of Rejection No.1
CryptoBullet
Bitcoin's dominance hasn't been above 70% since July 2017 & we see this as a definite resistance area. 🎯 Area of Rejection No.2 is a strong horizontal level + MA200 coming there + it's the final target of the bullish flag. 💡Expecting BTC dominance to go…
📈 So, alts are pumping nicely and everyone is screaming about alt season. But where were all these people two weeks ago when alts were at their very bottom? Calling for more downside and the death of alts ? Actually, yes. That’s what they were doing.
Look at when we called for this altcoin relief rally - August 8th. We posted an update on BTC Dominance and clearly said that it was close to its top and ready to reverse to the downside. Also we mentioned that altcoin rally was going to start within the following two weeks. And that’s what we are having right now.
👉We called for this alts bounce way before anyone else!
Look at when we called for this altcoin relief rally - August 8th. We posted an update on BTC Dominance and clearly said that it was close to its top and ready to reverse to the downside. Also we mentioned that altcoin rally was going to start within the following two weeks. And that’s what we are having right now.
👉We called for this alts bounce way before anyone else!
BTC: Big Move Expected
https://www.tradingview.com/chart/BTCUSD/jkX9qAI4-BTC-Big-Move-Expected/
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https://www.tradingview.com/chart/BTCUSD/jkX9qAI4-BTC-Big-Move-Expected/
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
ETH/USD
The daily chart doesn't look good at all and suggests that another leg down is coming.
Pretty old ascending trendline, which starts from December, was violated.
Currently ETH is consolidating inside a symmetrical triangle near important support zrea. A breakdown would be very nasty. Conservative target is 18% down.
Death Cross between 50 EMA & 200 EMA adds credence to the bearish case.
Let's see how this goes
The daily chart doesn't look good at all and suggests that another leg down is coming.
Pretty old ascending trendline, which starts from December, was violated.
Currently ETH is consolidating inside a symmetrical triangle near important support zrea. A breakdown would be very nasty. Conservative target is 18% down.
Death Cross between 50 EMA & 200 EMA adds credence to the bearish case.
Let's see how this goes
CryptoBullet
ETH/USD The daily chart doesn't look good at all and suggests that another leg down is coming. Pretty old ascending trendline, which starts from December, was violated. Currently ETH is consolidating inside a symmetrical triangle near important support…
And here is the dump we warned you about yesterday 📉
BTC: News Events and TA are in Sync
https://www.tradingview.com/chart/BTCUSD/NmnJD2hu-BTC-News-Events-and-TA-are-in-Sync/
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
https://www.tradingview.com/chart/BTCUSD/NmnJD2hu-BTC-News-Events-and-TA-are-in-Sync/
❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
Bitcoin ETF approved?! Not yet!
📰 BREAKING: VanEck and SolidX aim to launch a limited bitcoin ETF in the U.S. later this week.
The Bitcoin ETF shares will be offered under SEC’s Rule 144A, which enables the sale of privately placed securities to certain institutional investors such as hedge funds and banks, but not to retail investors.
❗️To date, the SEC has not approved any crypto ETF. The SEC representatives didn’t want to comment on Van Eck’s move.
💭 Maybe Van Eck’s limited version of the fund is just an attempt to prove to the SEC that a Bitcoin ETF actually works.
📰 BREAKING: VanEck and SolidX aim to launch a limited bitcoin ETF in the U.S. later this week.
The Bitcoin ETF shares will be offered under SEC’s Rule 144A, which enables the sale of privately placed securities to certain institutional investors such as hedge funds and banks, but not to retail investors.
❗️To date, the SEC has not approved any crypto ETF. The SEC representatives didn’t want to comment on Van Eck’s move.
💭 Maybe Van Eck’s limited version of the fund is just an attempt to prove to the SEC that a Bitcoin ETF actually works.
CryptoBullet
LTC/BTC: do or die LTC established a clear triple bottom. This thing really needs to bounce off its support next week! Those who hold LTC don’t really want that support to break. Otherwise it will be a catastrophe & Litecoin might be over. ⚠️ Once Litecoin…
LTC/BTC update
Litecoin broke its critical level of support last week. It was a matter of time, but the fact that LTC didn't bounce one more time off the support proves how week this thing is not only technically, but fundamentally also.
⚠️ TA picture is horrendous and says that there is more downside.
Litecoin broke its critical level of support last week. It was a matter of time, but the fact that LTC didn't bounce one more time off the support proves how week this thing is not only technically, but fundamentally also.
⚠️ TA picture is horrendous and says that there is more downside.
CryptoBullet
⚠️ ETH/BTC is breaking down the Multi Year Support & this weekly close can be the lowest since March of 2017. Also pay attention to that fractal marked with red & green arrows. 📌 Don't forget to subscribe to our Trading View profile & hit the like button.…
ETH/BTC update
🎯 Target reached! Notice how perfectly the price followed the red downside arrow. The timing was excellent.
We published this bold prediction in mid July, when the price was at 0.0239 sitting at a multi year support. People were saying that no way ETH would fall that low, because the support was very strong and there were divergences. And now after a 30%+ drop in price these reasonings look funny
🎯 Target reached! Notice how perfectly the price followed the red downside arrow. The timing was excellent.
We published this bold prediction in mid July, when the price was at 0.0239 sitting at a multi year support. People were saying that no way ETH would fall that low, because the support was very strong and there were divergences. And now after a 30%+ drop in price these reasonings look funny
#BTC 4h
Here is something to pay attention to - Golden Cross between the 50 EMA & 200 EMA.
The Golden Cross historically led to pretty massive gains in price action, but here is the thing: we are in a sideways chop within a massive descending triangle, which is a bearish formation. The Golden Cross occurred near the top of the triangle at resistance. That fact diminishes its bullishness.
📍For now its better to wait and see what it will break: the triangle resistance or the 200 EMA.
Here is something to pay attention to - Golden Cross between the 50 EMA & 200 EMA.
The Golden Cross historically led to pretty massive gains in price action, but here is the thing: we are in a sideways chop within a massive descending triangle, which is a bearish formation. The Golden Cross occurred near the top of the triangle at resistance. That fact diminishes its bullishness.
📍For now its better to wait and see what it will break: the triangle resistance or the 200 EMA.
CryptoBullet
#BTC 4h Here is something to pay attention to - Golden Cross between the 50 EMA & 200 EMA. The Golden Cross historically led to pretty massive gains in price action, but here is the thing: we are in a sideways chop within a massive descending triangle…
BTC 4h update
We were skeptical about the Golden Cross, because the fact that it occurred at the top of the triangle (resistance) diminished it's bullishness. We were right that this Golden Cross was irrelevant.
Once we broke the 200 EMA, this thing accelerated to the downside. Now look at how the 50 EMA has rolled over. It's going to cross the 200 EMA from above, which suggests more downside.
We were skeptical about the Golden Cross, because the fact that it occurred at the top of the triangle (resistance) diminished it's bullishness. We were right that this Golden Cross was irrelevant.
Once we broke the 200 EMA, this thing accelerated to the downside. Now look at how the 50 EMA has rolled over. It's going to cross the 200 EMA from above, which suggests more downside.