ETHEREUM DAILYWELCOME TO MY DAILY BREAKDOWN FOR ETHEREUM
Looking at ETH and its orders the previous liquidity ranges have created a current zone where I think that if nothing important happens, I don't expect big movements. Actually I would say that we may goes lower for liquidity from the zone around $1090
SEE YOU SOON
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🌝 BITCOIN (BTCUSD) - Recovery is in play, retest of resistanceBitcoin has been subject to market fundamentals overnight where we saw the FTX hacker's wallet start getting active again. From this, there is a pause, and it looks like Bitcoin is starting to recover. Risky move due to the current market fundamentals, trade safely and manage your risk.
😧 BITCOIN (BTCUSD) - Back down to lows of 16/15.5k!Bitcoin is nearing a breakout to the downside. Head and shoulders have helped bring this entry forwards. If the neckline breaks, I expect a retest of local lows, if not full capitulation. It is worth noting that today is the 23rd lunar day of the month meaning that the final phase of the moon starts now, which usually has an effect on human phycology.
😀 BITCOIN (BTCUDC) - Potential support, back to resistance.Bitcoin looks like it might have found short-term support and will naturally consolidate from here. Looking at medium timeframes, this might fuel a relief rally back to the upside as capitulation failed to happen once again. Trade safely and keep the stop loss close in the event capitulation kicks off, macro timeframes suggest a bottom isn't in yet.
ETHEREUM (ETHUSD) - Bull trap - Time to test support.Hello everyone, ETH is starting to top out below key areas of resistance, highlighted many times in my previous analysis. I expect a retest of support today, but be careful with risk and leverage as there is always a chance of a small macro relief rally. I think the bottom is not in yet and the downside will continue.
🥴 XRP (XRPUSD) - XRP could hit as low as 10p!Taking a look at XRP macro tokenomics and price action, the bottom could be as low as 10p before we see any strong signs of support globally from both the retail and commercial markets. Those that follow me will understand that I have been warning people of a market reset, this is the current target for XRP in the event this happens.
😵 Bitcoin (BTCUSD) - Could drop as low as $5000! Here is a macro timeframe Bitcoin chart since inception, highlighting key levels of Fibonacci, which result in Golden Ratio numerals. Whilst nobody wants to admit it, we are facing a potential low as far as $5000 if we do not find support this week at the 14/15k levels that are likely going to be tested. Stay safu.
🎯 Don't forget to follow me and check out my TradingView profile!
🍿 BITCOIN (BTCUSD) - Fake out, back to support againHello everyone, thanks all of you who have supported my analysis over recent weeks and months. Just a heads up, we took profit on BTC overnight and plan to get back into shorting this week. The overnight price action looks like a fake out, which will more than likely be unsustainable. Let's have a cracking week, don't forget to follow me.
Educational Series - Smart Money Concepts ( Liquidity )Hi there guys!
I will be doing a short tutorial on Smart Money Concept's liquidity.
What is it?
- Liquidity acts as a driver to move the market in a specific price range.
- We can find liquidity in areas where many people place stop losses and buy/sell stops.
- Market makers will manipulate the price in order to break through these obvious zones and seize the liquidity.
How to look for them
- You will be looking for areas where price are of relative equal highs/lows.
- Areas where price has not gone to swept the "stop losses"
Why is it useful?
- Helps to forecast where price might potentially head to
- Potential areas for take profits upon clearing of liquidity
- Avoid placing your stop loss at liquidity areas
It takes some time to learn how to spot liquidity.
If you do enjoy this tutorial, feel free to follow me and boost this post! :)
Regards,
Chen Yongjin
🚨 BITCOIN (BTCUSD) - Above 20k, the only way is up!Hello everyone, just wanted to post an update to my followers as it has been a few days/weeks. I am currently waiting for macro timeframes to fully confirm their direction, but after today's sell-off, if we hold above 20k then the only way is up. The market is volatile today, and we could see dives below 20k. If this happens, then a retest of lows would be expected.
TON will become TON dola?In 2018 TON raised $1.7 billion in initial coin offerings (ICOs) under the name Gram. At that time, this was a pretty popular fundraising, the price of GRAM token at that time was $ 1. And attracted a lot of participants, then there were quite a few people entangled in scam projects pretending to be GRAM. After that, TON went through development and was also caught in a lawsuit with the SEC. However, at that time, the SEC did not have enough legal evidence to convict TON (GRAM). Up to now, the project has quite completed products. TON touched the price area of $0.7x in July 2022 (according to the price of TONCOIN/USD on the FTX exchange). With a fairly large shadow from the two Telegram founders, working clearly and completely, TON is expected to create a breakthrough in the near future, when the market begins a new growth cycle.
BITCOIN (BTCUSD) - Time for more downside!Bitcoin looks prepped and ready for further downside after repeatedly failing it's tests to break through local resistance. Uncertain week ahead with increasing war tension.
We are overdue a macro relief rally towards 23/24k however not sure it is here yet, maybe second half of the month or after a new low, let's see.