Riskoholics

Riskoholics

Hi trading bros, In last 24 hours we saw: Bitcoin -1.5% S&P 500 -3.3% Nasdaq -4.5% And all of them keep falling! You may be wondering what is the matter to compare those very different instruments. S&P 500 is a collection of the strongest and most valuable US companies. It is like a diamond. When Bitcoin is a bubble without any real value. The balloon with...

Riskoholics Updated 

Ripple has broken down the local support 0.457 USD. Let's wait confirmation on the 1-hour timeframe to open SHORT position. Entry 0.45-0.457 USD Take profit 0.436-0.387 USD Stop loss 0.491 USD

Riskoholics

Hi colleagues! Today I want to share with you some observations regarding the Ethereum (ETHUSD) movements happened in August 2022. The concept is very easy and short: In this August ETH was using 82 Exponential Moving Average (EMA) on 4 hours timeframe as a very strong support and resistance line. You can easily see this on the chart in zones highlighted with...

Riskoholics Updated 

It seems that Ethereum (ETHUSD) has broken out of the descending wedge upward. Let's catch his potential movement to the next key level 1700 USD. I’m going to open LONG position now. Entry 1590-1600 USD Take profit 1680 USD Stop loss 1550 USD Ask for more analysis details in comments. On a higher time frame (4h) we can also see the other significant levels and lines:

Riskoholics Updated 

After the previous week’s descend movement Bitcoin (BTCUSD) price stopped at the 19500-20000 USD demand zone. This is the possible place to make some bounce up. However, before that we could see another testing of the 19500 support level. I’m going gradually open LONG position now. Entry 19500-20000 Take 1 20300 Take 2 21200 Stop loss 19400 Of course, the...

Riskoholics Updated 

Today I'm expecting Bitcoin (BTCUSD) price will show some impulse down when cross the 82H EMA (23900 USD now). Also, the Fib Channel level 0.236 (23750 USD now) is very attractive to be broken down. Entry 24000 Take 23500 Stop depends on your system Ask for more analysis details in comments. Higher time frame (4h): My previous trading idea published on...

Riskoholics Updated 

BTCUSD: Open LONG from 23250 USD short-term With an option to increase position at 23000 USD. SL under 22700 USD TP under 24100 USD Higher timeframe (4h):

Riskoholics

Bitcoin (BTCUSD) jumped up the 82H EMA and simultaneously has broken the 23500 USD local resistance level. Probably, it will hold this range 23500-24500 for the next few days. In general, Bitcoin is still repeating the S&P 500 (SPX500) movements with slight delay. So, let's keep an eye on that sweet couple.

Riskoholics

Wasn't thinking I'll ever say something like "Bitcoin acts more cautiously than the stocks". Yes, I'm talking about the bloody BTC who is terribly known as an extremely volatile and overinflated bubble without any real value. As we see on the chart during last two weeks, SPX was growing much more rapidly than BTC. Is there any reasonable excuse for that grow? Of...

Riskoholics Updated 

BTC: Bounce down to 82H EMA support short-term On July 27th the venerable executives of the US government have convinced everyone that they see no recession in the economy. And the markets have believed that quite blindly. Bitcoin (BTCUSD) as well as many indices were rapidly growing since that moment. However, we were ready for some correction. Today, we have...

Riskoholics Updated 

New week, new analysis, new idea. This weekend Bitcoin (BTCUSD) has broken under the 82H EMA. Then retested it and went further down. Today/tomorrow we could expect another touch of 82H EMA with price rise from 21900 to 22400 USD. Short-term trade decision is LONG. Here is the lower timeframe image

Riskoholics Updated 

Since July 14th Bitcoin (BTCUSD) is gradually crawling up using the 82H EMA as a main support. Today price has touched this support for the third time and made a small bounce up. Every previous touch followed by the upward impulse. This time we also could consider similar price action as a very probable scenario. Of course breaking this support will invalidate the...