CryptoBasic_

CryptoBasic_

BTC Broke out the descending triangle. Long entry after retest. NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.

CryptoBasic_

BTC failed to create HL(higher low) as I mentioned on my previous post. Instead created a key support at 46k area. However at current price action BTC is creating descending triangle which is considered as bearish pattern but break above the pattern is also possible. To confirm the move a breakout is a must. NOTE: I am not financial advisor. This is all based on...

CryptoBasic_

As advised from my previous post, confirmation is necessary to confirm the bearish trend of ETH specifically if it will respect the 3853 area(support turned resistance). Patience is the key! We can see on the current price action that we had a bear trap and evidence of price failure to break below 3669 area(with arrows). This opens up a possibility of price bounce...

CryptoBasic_

As mention on my post last 21.12.14 Since we observed bearish depletion we might see BTC price bounce up to 52030 area. If you also check the area with arrows we can see the evidence of price failure to break below 46241 area. We can confirm this move once it created HL(Higher low). This would be also ideal long entry for short term trade, conservative TP would be...

CryptoBasic_

We see price broke out below 3853.07 but confirmation is still necessary. If we see price respecting Support turned resistance(the area with arrows) with wick rejections then we can confirm bearish sentiment. Note: Always wait for the market to create LH - LL(Bearish) and HL-HH(Bullish) to confirm the market trend.

CryptoBasic_

BTC price is currently at important major support level. Depletion of bearish pressure is being observed. Failure to break below this level will most likely take the price up to 52030.78. But overall bias is still bearish until it broke the reversal area.

CryptoBasic_

ETH at current price action is moving sideways. Trend confirmation would be breakout of 4813.06 for bullish sentiment. While breakout below 3841.91 would confirm bearish sentiment.

CryptoBasic_

Current price action of BTC is still bearish. Sign of trend reversal would be breaking out of 53760.73 area. And bullish trend confirmation would be on 60K area. While breakout below 46716 would be bearish continuation.

CryptoBasic_

Massive pump by XLM breaking the descending triangle as seen from my previous post! Long entry after retest on 0.3708 area!

CryptoBasic_

After strong bounce @53700 area and breaking 57779 resistance. BTC also looking to break expanding triangle trend. Wait for the 4H candle to close above 57779 resistance to confirm the move. Possible target 62k~64K. #DYOR #NFA

CryptoBasic_

XLM looking to break key resistance after strong bounce from 0.3264. Entry after break and retest. #DYOR #NFA

CryptoBasic_

BNB with massive bullish momentum breaking the consolidation area. Long entry after the retest. With high possibility of reaching 509 price. #DYOR #NFA

CryptoBasic_

BTC looking to create HL in 15TF after rejecting 56100~56300 area in 1HR. Note: always wait for the evidence and confirmation candle before entering a trade and always set your SL.

CryptoBasic_ Updated 

Bitcoin broke above the channel and looking for retracement at 56100~56300 area. Candle closing below this area will have possibility of price going down to circled area.

CryptoBasic_

XLM forming descending triangle(Bearish Pattern) Take away: Short If Price breakdown key support and 4H candle closed below to confirm the bear trend. Long if Price breakout key resistance and 4H candle closed above to confirm bullish trend.

CryptoBasic_

After breakout we can confirm btc going 59k-60k area.

CryptoBasic_

BTC forming a bullish channel. A break above the trend will push the price to 59k~60k area.