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Crytpo

Ascending channel breached and confirmed (b&r) bearish scalp Since January 7th the ascending channel has been compromised and almost breached multiple times. The only reason it hasn't is because of the buy pressure but of if it doesn't hold on the 3rd support test attempt then we can see much lower levels. If we get a bounce off this trend line we can head higher but until that happens I'm bearish and don't care about $1000 dollar moves at this point. a 30-50 pullback is over due and leveraged longs over 5x will get a wake up call in coming weeks/months. Don't say Yurlo didn't want you if we start free falling, because in this post I've very clearly made the case it's possible especially because we're now in Q1 and haven't set the "yearly low" or even started a downtrend for that natter so it's really a matter of time before things reverse on the short term. Break the current ATH and we'll likely have another leg up "fundamentally this doesn't make any sense and institutions are driving this price up, and it won't go on forever. Meek Mill was tweeting about crypto and getting all his fans into it (lmao what a hilarious top signal) See you guys when the red candles start, or i'll post another TA with a scalp long after the next big dump for a bounce but otherwise free fall within days - weeks.
COINBASE:BTCUSDShort
by YurloTrades
3
Bitcoin Back Above Key Level With Positive Momentum If you've tracked our updates the past couple days you can see a glimpse of how quickly and easily market sentiment can change based on manual technical analysis. Earlier today we said "Bitcoin Beyond Hope? 3% Drop At Hand". Here's the chart: As of right now, price sentiment has reversed and we're back above resistance. What a big consumption of time. And all for just a couple of percentage points either way up or down. But of course the opportunities and risks are larger. A drop could turn 3% into 30% and you miss it. Or a sudden price rally could turn 3% gain into a 30% climb. So we have to pay close attention... or do we? SparksterSignals can help with algo-assisted signaling including fully backtested strategies (with clear performance metrics). Check out our link below. As of right now, sure enough, price action is reaching above the same horizontal level we've been watching since yesterday. This may indicate strong enough market sentiment that no further drop will happen. If price climbs back into the yellow shaded region as shown, there's a good chance that panic stations are over and traders will be looking for new long positions. We advise caution until momentum indicators reset on longer time-frames. We also advise making use of our algo-assisted signal and backtesting system. Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Long
by Sparkster
ETHBTC Still Testing Top Of Significant Channel Trading is a game of risk management.... and lots of patience. The low time-frames are compelling because we have the instant gratification (or despair) of seeing our positions win or lose. Higher time-frames visible change much more slowly. Days ago we alerted you to ETHBTC reaching near the top of a trading channel (as shown in pink). The picture still looks the same. The price structure does not suggest a decision in the market yet. Up or down. Fast or slow. So we wait... patiently, observing, checking different indicators, considering scenarios.. and yes, checking lower time-frames for clues of momentum. The scenario remains... a drop of 14% from current price ratio down to the significant horizontal (shown white) to re-load Ethereum for a continued bull run against Bitcoin in the coming weeks. Why are Ethereum and Bitcoin significant, even when altcoins show higher price volatility? Because the rest of the market is very much influenced by the big Gorilla's in the room. If only there was a platform to help navigation the volatility with proven fully backtested signals? :) Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
by Sparkster
1
Turn It Up $ZRX #0X #0xProject Weekly Looking at our trend timeframe we can see ZRX continues to respect its downtrend since leaving an ATH imprint at $1.30. Stochastic RSI showing momentum is in favor of the bulls with no signs of reversal. Our most recent price action shows a break from $0.20 up to $0.40, leaving a new higher high. ZRX is now looking to confirm our higher low before continuing to the upside. Daily Shifting over to our pattern timeframe we can see ZRX looks to be stuck in an ascending triangle, our high point at $0.49, and our base at $0.32350. Stochastic RSI showing momentum was in favor of the bulls however we have temporarily slowed down.Expecting the price to consolidate from $0.32 to $0.35 before our next breakout. A look at our smaller timeframes will give us a better entry. 4Hour Finally shifting over to our trigger timeframe we can see 4hour support looks to be forming. Stochastic RSI showing momentum is in favor of the bears, however, a bullish engulfing at this level may change that. If the price is going to respect our triangle breakout and retest we should see ZRX at our 4hour resistance ($0.36).
COINBASE:ZRXUSDLong
by UnknownUnicorn2434649
Why Pain Could be in Store for Bitcoin and EthereumIt has been a while since I last posted. Sometimes we must put life in front of our side job! Regardless, I thank you all who have been following me and continued to throughout my hiatus! With the stock market having "topped out" last week and now crypto breaking key channel supports I think it is a good time to reemphasize how crypto has been a leading indicator for the stock market. It is never clear to most until its literally shown as a complete correlation. It's always been difficult to convince the crypto community that their asset could be correlated to the stock market as one of their arguments has been for a store of value. Now, how about Bitcoin and Ethereum? Not looking so hot at the moment. Lets dive in a look at some key charts. History Rhymes I was feeling a little deja vu the other day after realizing that it was this time last year when Bitcoin was supposedly heading to Mars once it topped out at nearly $14,000. Well, Bitcoin isn't on Mars and it also isn't at $14,000 a year later. What's this mean? On the weekly chart below I highlight key dates when Bitcoin "broke out" and "topped out." Notice how these dates are very similar. The most surprising find was the number of days each rally lasted. The 2019 rally lasted approximately 84 days while the 2020 rally lasted 77 days. Interesting. It may be too early to call this a "bearish" rally but I always think back to a excerpt from Frost and Pretcher's Elliot Wave Principle , "if the analyst can easily say to himself, there is something wrong with this market , chances are it's a B wave." This is what I said to myself last summer and again this summer in combination to the stock market. Once retail begins to look smarter compared to the pros...there is something wrong. My outlook for Bitcoin has to be.... Bias: Bearish . Ethereum Bulls Dropped the Ball I like simple charts. Why over complicate it? Below is the weekly chart of Ethereum. Ethereum has always been my go to when analyzing the strength of the crypto market. On the chart above I'll be honest, it does not look great. Ethereum is yet again posting a new lower high after having nearly retest its December 2018 low in March 2020. We will soon know the true make-up of the current market. If Ethereum retests the March 2020 low sometime in the next year the pattern above must be taken into strong consideration. A descending triangle is a bearish continuation pattern and the one above could lead to a substantial drop. The bulls must step in ASAP in order to prevent this case from becoming a reality. Bias: Bearish . More Charts Coming! I'll be posting charts almost daily. If you have suggestions please do leave them in the comment section below. Also, do not forget to follow me on Twitter! Have a great day and happy trading!
COINBASE:BTCUSDShort
by DailyClose
BTC (Y20.P2.E15).Macro.AccumulationHi All, We have hit my next target and based on the historical evidence and the inverted BARR setup, we have confirmation on the lead in trend line to be the support for the next uptrend rally. As per chart, I see this area also as accumulation. Having a 4 HR candle stick close above it, and even a 12 HR one, should be the right signal, depending on your risk management approach. Here is also a fractal I like to point out Please give me a like or tick for this post Regards, S.Sari Previous Posts.
by ssari
4
Daily Analysis on BITCOIN (BTC/USD) by ThinkingAntsOkUse this as a guide to develop your view of the chart: Main items we can see on the Daily Chart: a)The most critical corrective structure has been broken (Falling Wedge) b)We expect the beginning of a new Daily Motive way towards 13.500 c)Currently, the price is on a Support / Resistance zone in which a correction may come d)If that happens, that will be the right spot for re-entries. If you are already on the market, we will keep our positions until the mentioned target in which you can analyze to hold or to take some partial profits. e)The correction we are waiting for should have the proportions as the ones that we have on the chart.
BITFINEX:BTCUSD
by ThinkingAntsOk
Will Bitcoin Conquered $9,000 Or Move To $3,000 (MA200 In-Play)?I just wrote about Ethereum (ETHUSD) and wondered if Bitcoin will follow the same path... Right now it doesn't look like it... We can clearly appreciate that Bitcoin (BTCUSD) is moving higher but we can also see a rising wedge, curving indicators and volume is low, ETHUSD is showing good volume. EMA300 has been conquered recently on low volume, so if the bulls don't push prices up fast, BTCUSD is likely to move lower to test this level of support. Our target when looking at the chart below was MA200, which is being hit... Do you think that Bitcoin will go higher or will it retrace before the halving while the altcoins continue to increase? My view is that Bitcoin will release some of the attention while the rest of the market also grows. Namaste.
BITFINEX:BTCUSD
by AlanSantana
34
Macro View Technical Ananlysis Challenge/Comptition my entry i believe bitcoin hasn't put in its bottom yet to many people are still bullish as in the way market cycles go i believe it will push up to the top of this channel or wedge depends how you draw it and reverse of it around $8000 to $8500 and in conjunction the bottom of ichy cloud and 20MA witch is the middle band on bolengerbands then bouncing its way down around the key OB levels to wick down and hit the 200MA around $5000 to $5400 mark giving the reply from everyone saying its dead and trying trapping peoples money and then pumping up through the OB levels flipping and making them support testing some not all to go on to hit halving around the $6200 to $6800 and then starting its leg up hitting 2019 high point around October and to new highs january 2021 in the long run after this bull run begins i think we will see over a $100000 bitcoin
BITSTAMP:BTCUSD
by Jesh89
Possible trend shift, 61.8% fib holding, maybe mega inverse H&SLots to talk about with Bitcoin . Most notably, we just broke north of the local downward resistance channel that we established about a month ago, and have begun to make our way back to $8,000. However resistance is proving strong in the high $7,000 range and we keep getting rejected. No surprise given recent performance. However if we stay above the local resistance line it puts in slightly bullish territory. Also, potential big signal, is that we appear to have broken the bounce off the downward channel support line we've held since July and have transitioned to the long-term, upward, support line that Bitcoin has held for 5 years. This could confirm a massive trend shift where we begin to move upward for potentially months now. If you've read my previous ideas you'll see that I'm a big fan of inverse head and shoulders for Bitcoin reversals. We've had two in the past month, but both have failed to send us back to $8,000. But now we may be seeing a massive inverted head and shoulders with the last wick down to $6,400 range being the head. I'd like to see another wick down to sub $7,000, but given the strength of support we've seen at $6,800 I'd be surprised if we plunge more, if we hold, that's a pretty solid confirmation of upholding the long-term upward trend. If we do break $6,800 with force, we may see another re-test of the downward channel support line, taking us into mid $5,000. Finally, 61.8% fib is $7,227, a range we've held fairly well aside from a couple of sub $7,000 plunges (which had near instant rebounds to $7,200), if we maintain this baseline it could indicate that another, mega rally, is around the corner, as 61.8% fib support is generally a key range for Elliot Wave impulses (the "1,2,3,4,5" impulse), from my understanding. In summary. Given the rejection of $7,700 we saw today and the recent market weakness, I expect another test of $6,800. If we hold upward trendline and form big inverted head and shoulders I'm bullish and anticipate 2020 being a great year for Bitcoin and other cryptos. If we don't bounce off $6,800 range and go into mid $6,000 I'm holding off until we test $5,000 range. RSI on the 1D sitting a 50, could go either way. I'm still long-term bullish , but sidelined until we either a) break the upward resistance channel that we've been under since July or b) hold support on the upward support line that we've held for 5 years. Personally, I'd like to test $6,800 and see strong resistance from there and then move up and re-bull. Good luck!
BITFINEX:BTCUSD
by GunMoney
3