DaBullishBear

DaBullishBear Updated 

Bitcoin is now at a high timeframe level, which should be acting as a do or die support level. There's however a few possible scenarios from here, and the easiest one for taking a trade would be a fake out below, followed by a reclaim of the level (green arrows). This would help defining the risk at the swing low, and would be a high probability long trade.

DaBullishBear

we've reached the trendline that's parallel to the "resistance" trendline, and this could possibly be a rising channel, with the bottom being found right now. Wicks are ok, and keep in mind this is a weekly chart. But any sort of aggressive bids on bitcoin in the next week or two might indicate this is a rising channel, and next stop is the top of it.

DaBullishBear

$MANA is bouncing perfectly from the horizontal resistance turned support, which also coincides with the support of the bullish trend line. This is a good risk/reward of over 3, and I'm taking it with a conservative target of the previous highest close.

DaBullishBear

$ATA has broken the downtrending structure vs BTC at support level, and is now offering a fantastic R/R entry

DaBullishBear

$SLP is currently at the support of a rising trendline, and we have our risk well defined for us below the previous lows. Targets seem also clear, and this allows for a good risk/reward trade entry.

DaBullishBear

AVAX has made a double bottom on the 4H support level, and with the market slowly recovering it seems to be one of the more likely ones to recover

DaBullishBear

#ICPUSDT seems to be bouncing from support here, and the only concern is for bitcoin to collapse, dragging the market down with it. If it doesn't then this trade should be a good one!

DaBullishBear

$GRT has managed to defend the support at 78c, this level has proved itself many times in the past, and with this confirmation GRT is making a higher low, which is a probable sign of bullishness. Worth a shot

DaBullishBear

After yesterday's dump, many coins are at support right now. Bitcoin's behaviour will determine a lot of things, and will decide whether alts go up or down. However, AAVE is offering a risk/reward of 4 here, which means we can be wrong up to 80% of the time to make a profit on this setup.

DaBullishBear

If RUNE can confirm this level as support, this will be a great long play over the next few days. Our risk is very well defined, and target is offering a risk/reward of 3.5

DaBullishBear

$SRM is insisting on trading above the resistance it just broke. It went above it, then retested it and stayed briefly below, but then went back up above it. This is usually a sign that it wants to keep trading above.

DaBullishBear Updated 

- If we bounce from this daily area, it's a higher high by a long margin, and it's likely we're going to new highs. 1.618fib seems a good target - This level was tested many times before and showed strong bounces every time - Risk/reward is very appealing at R=4 - Stoploss below the 0.5 fib also seems reasonable, as often we see bounces from that level.

DaBullishBear

$DOGE is seemingly reclaiming the W level, and the next resistance seems a decent way from here. This looks like a good setup to take a long on.

DaBullishBear Updated 

XRP printed a reversal candlestick at resistance. Looking to the left, XRP has been in this range from April to June, and could possibly spend some more time in here.

DaBullishBear

$LRC has reclaimed the daily level and held above, so I decided to take an entry. Looking at the 1H levels, this pullback as well as the bullish pin candlestick through the level seemed the perfect trigger for entering.

DaBullishBear

$ZIL has made a double bottom and back above daily support. ideal entry would have been 10168 satoshis, but it still offers a decent risk/reward trade if taken now. Alternatively it's also possible to wait for it to retrace a bit which would define a higher stoploss and offer a better R/R (but more risky) trade

DaBullishBear

Bitcoin closed the daily candle above weekly and daily support, also forming a bullish hammer-like candlestick. This alongside the bullish El Salvador news, and the other countries starting to fomo into btc makes this a low risk entry. Use stops if we break new lows though. Take profit as we go up

DaBullishBear

DENT keeps making lower lows and lower highs, which means we're still bearish despite everything being green today. We remain bearish until we break above the previous lower high, but in the meantime we can get into a short term bullish trade up to the previous resistance. Levels on the chart