Awinish

Awinish

BTC just got rejected clearly by this resistance. I think due to the lack of volume that if we want to break the resistance we need more (spot) buying power! The next area I’d look for a long is 47.7K ish

Awinish

To me this looks like a falling wedge on the 4h but due to the bearish price action before we could consider this a bear flag. But I think, due to other metrics (such as on-chain data) that we might treat this as a falling wedge.

Awinish

Looks like the wedge I was talking about yesterday has broken out but got a rejection from the 4h symmetrical triangle former support. It it likely in my opinion that BTC will come down to re-test the breakout level. But the volume is a bit lagging behind in my opinion. I think I’ll play the re-test of this bounce and it will tuen out to be something like this in...

Awinish

If BTC breaks out to the upside, my target will be at around 64K. The first resistance will be at around 62.4K and I expect the next resistance somewhere in the red zone to be. It looks like it bumped nicely off the 0.618 fib level. So I’d say, LFG! If it breaks down

Awinish

It looks like Ethereum is bouncing of 4H support zone and bounced of the lower band of the falling wedge. Depending on what Bitcoin will do, I think that this could be a nice long play on ETH. What do you think? Nice opportunity to go long? Or should you've been long already?

Awinish

To me it looks like Bitcoin broke out of the horizontal support and has backtested support. It got a nice support from the 20-EMA. The next stop for Bitcoin should be the psychological resistance at around 60K. Do you think the breakout out of this range has been confirmed?

Awinish

Bitcoin is forming a bull pennant on the 1H. If it breaks to the upside the target is 54.4K approximately. That target is in perfect confluence with the top of the falling wedge which I pointed out earlier and is also around that same level. Check out the related linked idea.

Awinish

It looks like BTC has formed a bull pennant and right now is running into multiple lines of resistance. It exactly hit the line of the 1.618 fib extension line. It might a good moment to take same profits:)

Awinish

Earlier it looked like ETH was going to form a double bottom. But right now I’d say a double top. Probably a good short opportunity.

Awinish

It looks like price rebounded since the Chinese gvt said it injected capital in the Chinese financial system and went for the controlled bankruptcy of Evergrande. Technically it looks we’re now backtesting the support of 44.1K. Let’s hope we can flip this level into support. I’d personally like to see more volume coming in. But we still must be carefully and...

Awinish

If you’ve seen my previous chart I’d say the price is right on schedule and running into resistance (the yellow lines which I’ve drawn on the daily) I defintely think that we must flip 48K and subsequently 50-51K into support to continue the uptrend. If we don’t get the volume and see a retrace, then the levels that I’m watching are the 45.9K and the 45.3K levels...

Awinish

I haven’t post charts in a while because I was busy. Excuse me to my 18 followers. If we zoom out on the daily we can see a symmetrical triangle forming. As I stated earlier, there is more space for downside. But if we can manage to hold the upper support line we can make a good bounce. If we break to the upside the target is somewhere between 85-100K (depending...

Awinish

As I mentioned earlier, ETH broke out against BTC (check out the linked idea). On the daily time frame and got confirmed because of the daily close above the upper resistance line and I think the next level of resistance will be the 0.77 approximately because of the previous support and resistance. To me this means signals a lot more upside potential for ETH but...

Awinish

ADA/USDT got a rejection on the 2.95 resistance (red line). If it will pullback further it can go down all the way to the diagonal resistance line of 2.65 approximately. But this depends on the behaviour of BTC & ETH. Eventhough, this can be seen as an healthy correction since we’re still in a solid uptrend (according to the yellow lines which form diagonal...

Awinish

In the 4H chart it can be seen that BTC is testing the diagonal support. If we break down out of the rising wedge, we can get a retrace to the 45.1K level. We’ve also got to keep in mind the bearish divergence on the daily. There is a descending channel forming on the 1H. If it breaks to the upside that could mean a small price bounce. I’m waiting for a...

Awinish

On the 4h chart a potential H&S is forming. I’ll keep my eye close on it during the next few hours/days. If we break the bottomline we could go all the way down until the technical target of the 45K - 45.3K level approximately. I think that will be strong level of support because of the previous support & resistance, the fib 0.786 retracement level (the...

Awinish

As you can see on the chart BTC has formed a ascending traingle against the USD on the 1H, earlier a fake out happened out of the triangle. If we get a confirmation of this breakout with volume, this could be a nice trade to the upside. But I remain cautious because of the previous steep uptrend and a kind of need for consolidation to continue a healthy uptrend....

Awinish

As you can see on the chart ADA broke out of it’s bullflag to the upside against USDT. By measuring the flag of the pole and place it on the breakout point it gives a potential price of $2.86 approximately for ADA. I’d say it has some overhead resistance of breaking it’s ATH at $2.58 but if it breaks it ATH it could lead up to even $3 because of the price...