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BTC/USD (58K Potential Support?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin failed to hold the immediate support area at 63k dollars -After a sharp drop down to 58k dollar, the next potential support range -This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade -The market is not good recently so I didn't put heavy on this position -BTC is technically bearish in the short-term with this type of price action -I will be careful and only trade a small amount during this type of condition -Again, this is not the good time to go heavy on Alts when there is no sign of strength -I'd better not trade or reduce my position size if the market is not in our favor -Everyone, risk management, and strict self-discipline is very important right now -If you want to stay in this game for the long term, please control emotion and follow your stop loss -Good luck and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
14
Crypto Total: pullback to trendline?The total crypto market cap has been marching onwards up in a steep trendline until just below 3T. A strong mental barrier, with the taproot update and rising wedge for BTC it seems like an obvious time for taking profits, 10 to 30 percent corrections happen in the bullruns! Personally I shorted this but that does not indicate that Im a bear. I expect that we might see a drop and retest of that previous swing high. Seeing the total hold at that area and the potential lower trendline would be a buy for me.
CRYPTOCAP:TOTAL
by Gersemi
BTC/USD ($63k Acted Support?)💎Technical Analysis Summary💎 BTC/USD -Bitcoin is rejected near the 70k dollar psychological level -An ugly -9% move hitting my swing trades stop-loss location -Most altcoins are affected with this move recently invalidating some bullish structures of altcoins -But looking at price structure, BTC reacted at previous local resistance at 63k dollars -This level is a confluence of EMA19 and Fib 0.5 area which is a good potential support -We have now a new strong resistance at 69k dollars and immediate support at 63k dollars -The uptrend is still intact as long as the bulls can defend this support -I took small losses on my swing trades but I have already updated my watchlist for new ideas -Guys, if you got stopped out too, don't worry the market is full of oppurtunity -You just have to look for coins that remain bullish and hold their current support levels -The good thing also is the BTC dominance level is back at value 43 again which is a good sign for Alts -So we will have another oppurtunity once BTC shows new strength or consolidate at support -Good luck and keep safe everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
16
When in doubt, zoom outGood day everyone! Hope you guys are keeping well and staying healthy. Sometimes things can get a little too exciting. We're seeing bigger returns on our cryptocurrency investments and in result, we spend more time looking at it. And the truth is, you'll find yourself tumbling deeper and deeper down the rabbit hole. So, in a time where FOMO, greed and parabolic price action is increasing, it is time we look for a way to stay frosty. I wouldn't be surprised if the current mean outbreak will see a nice sturdy influx of capital before it will 'retest' that mean before jumping in the upper channel. Many of the people I talk and listen to are discussing so called end-of-year (EOY) predictions around bitcoin or other cryptocurrency tokens. To me, this is a very short term focus. Please people, look further. Trade well, be cautious and keep it fun!
CRYPTOCAP:TOTALLong
by impatientmonk