CryptoAtlasAcademy

CryptoAtlasAcademy

BTC bounced back from 40K support attempting to break out the trendline, uprise was too fast and I believe it will be a bulltrap pushing the price down to the support again. If this is the case that would be the 7th touch to the 40K support, I think it is possible for BTC to break down that support. What do you guys think?

CryptoAtlasAcademy

BTC hit our target yesterday and bounced back from 40K resistance breaking up descending trendline. Has the dropped finished? The volume on the drop is low and I think there is a bigger possibility of a continuation to the downside, however if price rises up and squezees torwards key level we could see BTC breaking up that key level. What are your thoughts?

CryptoAtlasAcademy

Bulls are weak and it seems that BTC wants to test that local support area, around 40K We need to see how price reacts to that level if it pulls back it will be a good sign but if price squeezes down further downside is possible.

CryptoAtlasAcademy Updated 

I opened a long position on TLM, main precodintions: price was squeezing to the trendline, volume at lows is high, there was a false breakdown, BTC looks bullish and risk reward ratio is good. I think a lot of alts are in the same position and it is a great day to find good entries if BTC does not break down.

CryptoAtlasAcademy

DOGE looks bullish, price is squeezing to the trendline and there was a previous stop loss hunt (looking for liquidity) volume is high at lows where I marked it. Great risk reward ratio. BTC broke out and I think it has to rise before another pull back which helps with our trade going the right direction. Let see what happens!

CryptoAtlasAcademy

SOL did a fake breakdown with big volume at the bottom, price is holding on support and squeezing to trendline, I believe it can make a breakout. TP 20% to the next value area, sell by parts and always use SL

CryptoAtlasAcademy

Price has been on a range for over 100 days, higher lows and the price broke the resistance, now it is holding as support on the retest. If BTC continues steady movement I think it could be a nice entry taking in to account that there is plenty of growth till next resistance area. Please comment your thoughts and feedback!

CryptoAtlasAcademy

I opened a position on the retest of RUNE price was squeezing to the trendline and it found support on the trendline while doing retest. 2.95% SL and TP of 16%

CryptoAtlasAcademy

XRP price is approaching the trendline, lower lows and 2 previous touches to the trendline. I will open position if price breaks out and retest the trendline as support.

CryptoAtlasAcademy

AXS is still on an uptrend, making lower lows. The chart looks healthy and I think a possible breakout to the upside is possible however BTC could pull back and bring the price down. Always wait for the confirmation: breakout and retest.

CryptoAtlasAcademy

I will open position if price breaks out and retest trendline as support. This chart shows how trendline breakout plays out.

CryptoAtlasAcademy

CHR is looking good on the chart, we have a big accumulation range for over 2 months as well as several touches to that resistance holding the price down. Price did a false breakout too. If we see the price squeezing torwards that key level I think a powerfull breakout could happen. I am going to keep an eye on it!

CryptoAtlasAcademy

BTC broke ascending trend line I will open position if retest happens as no significant pull back has happened yet. @oscarmva6

CryptoAtlasAcademy

1 inch has been on a range of accumulation for 3 months, this is a very good sign for a powerfull breakout. Price is getting close to the trendline making higher lows every time. I will open position after break out when retest happens.

CryptoAtlasAcademy

Price holding on support and aproaching to trendline. Possible buy after breakout/retest