#WRX once again flipped above the crucial resistance and feel really comfortable here. The main target id double top in the 1700 - 1750 sats area. I open a long here and place one more buy order inside the blue box.
As you've probably noticed, I didn't trade $BTC for a while, just wanted to switch to alts trading. Now it's time to come back to Bitcoin. The direction is finally clear: downward. This can be a third $8500 test and as you know, usually third test leads to a breakout. I've already opened a margin short with wide entry zone just in case of a spike above 9k to...
The price pushes closer and closer to the resistance and I wait for the next bulls attempt to break 10k. Just opened a leveraged long with quite tight SL and main target a bit above 10k. I have a feeling that todays spike down to $9630 was the last stop hunting.
Unfortunately, bears were too weak and my short didn't work out. Right now the local priority is upward, but only local. I can see two possible outcomes: $BTC price rises to $9900 - $10k region and rejects there. This is bearish and can send us to $9500 or lower again. $BTC price pumps above 10k and closes above. This will be a sign for a new bullish cycle...
The price is trapped between the hammer and the anvil: $9650 and $9560 levels. Previous $9560 test was positive, however, now the priority is to break it and move lower. $9660 and $9720 retests are possible, but this way the following dump will become even stronger. My position details are on the chart!
$ETH looks really bearish as long as it stays below the $205 level. The target of the decline is $191 support which it needs to test. Talking about stop loss for this trade, I would place it to $210.5 level.
What do we have here? A strong ascending support and horizontal resistance. The price killed all resistances inside the triangle and willing to grow higher. The breakout above $29.5 would be a signal to go long.
Didn't see a breakdown of 36k sats and there wasn't a growth engulfing. Now there is a reversal and $LINK engulfed a part of the dump. It is quite possible that we'll see a retest of some resistances, which are market on the graph.
$XRP and $EOS have broken their strongest support levels. They are ready for a free fall and I am ready to catch the dip! My biggest buy orders are 1500 sats for XRP and 2050 sats for EOS, blue boxes are my total zones of interest. I will note you when I'll start making my order ladders.
Well, I didn't expect $BTC to pump THAT hard, but I'm totally ok with it 👌 Global resistance was broken and retested, so now we can consider it as a support level. I don't think that the price will fly up during the weekend, so here is my suggestions: Today the price doesn't make a new high and BTC consolidates in the $9700 - $10000 range until new week...
This is why I am shorting majors and cutting off my long alts positions. The Bitcoin halving is on the next week and altcoins step back. Get ready for more new all time lows and dead tokens.
The flat market probably ends right here as the price keeps above $9200 level. Overall the mood is bullish and I think it's strong enough to cross $9500 double top. Global resistance is really close and the halving hype is getting real - I really like that 😎 The setup is invalid only in case $BTC drops below $9200 and closes in that flat zone.
$ETH shows us a really bullish setup here! There are 2 main long entry points, before the breakout and after (two blue boxes). The main target is $225 - $227 double top level.
Briefly speaking, the $9204 resistance is the most important (locally) level for now. As long as we can't break it - we can't go higher. The zone between $8500 and $9000 looks good for consolidation before the breakout. However, we can also visit $8250 - $8300, but chances are low. More clear information will be given later, when I'll enter a position.
Coin looks lit, bullish wedge is broken and ready to work out after a retest. My SL is below the red line.
It makes no sense to open a new position today because we will likely have two unfilled gaps tomorrow: old one above and a possible new gap. I suggest opening a position regarding the new open CME price. 1. CME opens below $8840. This way both gaps will be above and the priority will be upward, at least to retest previous local high. 2. CME opens above $9170....
Chart shows not the best picture, namely retest of one of the month important level. Expect a continuation of decline there.
Monthly engulfing. This is locally bearish because the start of the new candle should represent correctional movement. Still, globally it's a bullish pattern so I don't recommend you to heavy short $BTC. The priority is correctional, the price should cool off a bit to continue healthy further growth. Most obvious point for a reversal are $8500 and $8000 - perfect...