Casablanca05

Casablanca05

Weekly analysis Why is the weekly time frame important? We are seeing the big picture as each candle on the weekly time frame represents all the buying and selling that occurred throughout the entire week. This is the 4th time since January 21, BTC retraces under the 50% Fibonacci level (white line and yellow circles and ellipse) following a bullish trend. 3...

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In the last few weeks, Btc showed an uptrend, that is lately losing momentum due to a lot of bearish pressure. This pressure seems to be manipulated, and Btc will more likely retrace to new lows below 25k. For now, Btc is building a descending triangle (diagonal red line and blue line), and fakeouts seem to trap bulls. Possible scenarios: 1) If BTC goes up, it...

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Bitcoin is going sideways for a while and may continue this path for longer time. Right now it doesn't look good to enter a trade, I would rather stay away until we get better signals. It may go down to 28K before the weekend, and if it does, it may continue the downtrend as the weekend is no good for trading. Just stay aside and wait for trend confirmation.

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Do you still remember this chart from 07/05/2022? Do you still remember this comment? "Yet another weekly timeframe analysis. Where it says "head' was the Eth All Times High (Axis). Take notice of bullish and bearish trends in the chart, volume, MACD and everywhere. Best sample to master bearish chart patterns, all in one place." Well, there has been a lot that...

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In the hourly timeframe, the Bitcoin is showing correction signs for at least the next 12 hours: 1) Bullish Divergence 2) Bullish Inverted H&S 3) Strong Support at 29200 4) Many engulfing green candles starting from the support line 5) Buyers coming in and pushing the price up despite the big red candle at the left MA Cross (green dotted hairline, A big movement...

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Luna is very volatile since she's up and running again. Volatility is a big risk, you can earn or lose money very quickly. But if you can afford to gamble with a few 100 bucks, you may double that in less than a half-day, and if it goes down, just keep it and wait. The secret is to buy low and sell high. Luna is sitting on strong support at 0.0001440. It is also...

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The trend is changing direction, aka reversal due to a double top in 4 hourly. 5.84 seems to be strong support, the price however is more likely to follow the downward trend to 7 or 6. We may also have another crash at the beginning of next week. This is not financial advice. Make your own research and be cautious, especially during this uncertain period.

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BINANCE:LUNAUSDT After a heroic and brave fight we must announce Luna passed away in hospital on 11/05/2022. She appreciated the flowers and every visit that helped keeping her spirits up. The funeral will be held on Friday, 13/05/2022, at 13:13 at Roanoke, VA. The burial will follow at Luna headquarters, Roanoke cemetery. Please let anyone who knew Luna know...

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It is a good thing to learn caution from the misfortunes of others. What's not as often discussed by all those crypto promoters (Youtube, Twitter, Telegram ...etc) is the great number of people who have lost significant sums trying to become rich by investing in crypto. I hope everything is going well for you or at least you have some spare cash for the black...

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Yet another weekly timeframe analysis. Where it says "head' was the Eth All Times High (Axis). Take notice of bullish and bearish trends in the chart, volume, MACD and everywhere. Best sample to master bearish chart patterns, all in one place. Do yourself a favour and go on holiday. The borders are open again.

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Do we really need to comment on this weekly chart? Head formed on the day of the ATH. We are in a downtrend and in red for the last 6 weeks. We are actually bathing in blood since the ATH (middle line). On the left of the line was the bull run and on the right the bear run. The chart (Trend, Volume, RSI) says it all, therefore there is no need for further comments.

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ETH is slightly on the support line (green/yellow around $2750) of an ascending channel (yellow oval). RSI is showing bullish divergence in some areas which indicates ETH is ready to go north. Right now it's at $2929 but we need to break the $3050 resistance first to confirm the start of a possible move next few days to higher levels ($3200, 3600 or maybe 4500)....

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Combined with the MacD Indicator with Multiple Time Frames, the KayeDinero Trendsetter is a useful tool for scalping (works best for 5min or 15min timeframes)