BCHUSD reaching and getting rejected from long term price level. Its forming an interesting treadline where sell offs and getting quickly bought up. Traders must be positioning themselves for more news on the BTC spot ETF. All good news for BTC usually sees a spike in price for the BTC hard forks. Worth keeping an eye on for possible trade over the next few weeks....
Seeing ANTUSD dipping below then rising above time and time again in a upward pattern makes me wonder about the future price action on this minor crypto project. A trading opportunity my arise if we see it break of the channel then bounce back to the resistance line. Time will tell. Not financial advise, so its not.
UNIUSD with a nice bounce on top of the channel on the daily. Normally that would signal a long position for me but with such a run up over the last few weeks i think i will pass on this trade. I might be wrong but i would imagine a pullback below the channel in the next week. Maybe look for a short then. This is definitely not financial advise so its not.
SANDBTC reaching the top of the descending channel. Will be looking for a possible entry short within the next few days. Short but sweet and as always its not financial advise so its not.
Everyones favourite meme coin is setting up a nice head and shoulders pattern on top of the long term rising channel. If we see Doge break support on the channel, SMA and ICh cloud we will have a nice short set up. Time will tell and not financial advise so its not
ANTUSD looks to be reaching key support again after a nice bounce due to the spot EFT news. Will keep a close eye on it over the next week to see if it can bounce of support once again or break through to the downside. Time will tell, and as always its not financial advise so its not
With our breakeven point still at 1441.60 we are still we in profit and have the option to close the trade early. Looking at this tight decending channel leading into the longterm trendline. These two should meet in early september and will make our decision to continue or exit trade a little more clear.
ETHGBP looking strong on the daily, 4 hour and 1 hour charts. Holding strong on the descending channel with various indicators showing bullish signs. Also their is a clear inverted head and shoulders pattern if you are into that kind of thing. Looking for a bullish entry but you do you.
BCH entering an interesting level of possible support after its crazy pump with those crazy koreans getting deep into some BCH trading. Remember there has been mad chat for years about the big exchanges using BCH in their wallets to short BCH and keep the price down. Possible fall of a few big exchanges could prove the tin foil hat brigade correct. Time will tell...
Looks like ZECUSD is reaching the top of the descending channel. Within the ICH cloud and having SMA as support we could see a bounce back up to the channel followed by a break out or rejection. Time will tell, so it will
Lots of possible trade setups got wrecked on the daily after the SEC went after binance and coinbase. Looks like the ETH believers have bought up the dip as we touch of the super loose channel. Far stretched from the ICH cloud and SMA on the daily but the 1 hour tells a bullish different story. Looking for more bullish signals later in the week and maybe am entry...
LINKUSD broke through the lower channel and is hanging out around the pre-covid high levels in 2020. Interesting to see if we can hold the line and prove that LINK has the believers to be a contender in the next bull run. Worth watching this support level as the SEC play havoc with the whole crypto market. Its a lot of theories but it aint no financial advise so it isnt.
Bit of a loose channel on the daily chart but with price being so far from SMA and Ich cloud we should watch over the need few days for a possible short signal. Bitcoin market seeing a downturn so no reason why it cant take the rest of the crypto market with it. We have seen the launch of the shitcoin show on the BTC network that might shake out the last of the...
Simple graph showing BTCGBP at a critical point running into a major resistance level on the daily chart. Many indicators suggest that BTC is currently overbought but this yoke does have a mind of its own. Not financil advise, so its not.
Looking here we can clearly see us reaching the top of the decending channel on the daily. Also looks to have a strong bounce of resistance on the hourly channel. May have a possible short position on our hands here. Naturally this isnt for the faint hearted with BTC on a nice pump at the moment. Not financial advise, so its not.
Pretty simple graph. I have been looking through my crypto hodlings trying to see which ones may survive the upcoming bear winter. It basically comes down to who is holding up against BTC since everything usd related is getting smoked. Nexo has a nice graph with a bounce of the 100 week. My only real fear is Nexo adjusting its APY rates in the light of the bear...
Descending channel on the daily chart with 50 day MA touching top of channel just as trend entering the ichimoku cloud. If you look back along the channel both times the ich cloud has been entered it has lead to a further move downwards. With the macro looking pretty bad with the SEC going after the whole crypto market except bitcoin. No resistance plus a rising...
KAVA on the daily chart has reached the top and broke through the channel. Currently inside the ICH cloud. keeping an eye to see if its rejected on the 50 sma or breaks through and holds. Seems to be bullish signals on the 1 hour charts but thats a little to low to comfirm a bullish break. As always not finiancil advise, so its not.