apexcryptotraders

apexcryptotraders Updated 

Spinning top doji printed today representing INDECISION. This pattern occurs frequently and is used to warn of a REVERSAL after a STRONG PRICE MOVE. Higher probability when it happens at an Area of Value. In this case, a strong Macro Support. A close above 31k may give the momentum for a relief rally that's due, the one I have been waiting for. I will...

apexcryptotraders Updated 

"When in doubt, zoom out." That's what I did and here is my Idea. In my previous post I did mention about longing as per below: So far the market is still indecisive and I am expecting we get that relief rally after getting too much selloff. The objective for May is to print that giant HnS and retest the neckline by end of the month. Then we shall see how that...

apexcryptotraders Updated 

In my previous idea post, I mentioned how 35k is a very critical support that we must hold and how we went into doom when we had a close below that 35k. Any bears who took the breakout trade would be in huge profits. Eventually, they will be taking profits and we may see a relief rally. No one can predict the exact bottom but we just tapped the support...

apexcryptotraders Updated 

We are currently sitting at Support for the Bottom Channel. Similar to BTC and other markets where we are at a very critical support. As I mentioned in my BTC idea, I am not taking BTC trade but chancing a very low-risk trade for ETH since the TA is more attractive. It is always a good idea to long at support rather than longing after it had pumped a little. I...

apexcryptotraders Updated 

This channel had 9 taps ( circled in white ) in total and play a very significant role. We are just a few hundred away from the bottom channel support of 34.9k. Expected to be tapped soon and it is gonna be a make-or-break time for BTC and everything else. DXY is also at its peak resistance of 104 as mentioned in my previous idea. Short opportunities will be...

apexcryptotraders Updated 

BTC Predictions First of all let me start with an update from my previous TA on BTC when I mentioned we could wick this low (region i circle in orange) and a SL below 37k is very important if you are longing (Bearish Flag that we have in the weekly time frame.) I have done my DCA and my buy in is around 38.5k. The next 1 hour(daily close) + 24 hours will...

apexcryptotraders Updated 

Weekly Downtrend: If we look at the Weeklies, BTC.Dominance is clearly in a downtrend since the beginning of '21 with more and more adoption of ALTs. Then we may see a Descending Triangle Chart Pattern forming since the BTC Crash in May '21. Lower Timeframe : In a shorter-term perspective, we may see BTC.Dominance ranging in the 41.3% - 42.1% range since...

apexcryptotraders Updated 

Failed to break the Bull Market Support Band. Slightly touched the Resistance region with a high of 42.976k. Now at the time of writing, BTC sitting at the Support of the uptrend channel, we have reacted nicely against this Support since end Jan '22 but a wick down is very much in the cards. Approaching the weekend: A huge selloff might occur and BTC may wick...

apexcryptotraders Updated 

If we are to continue bullish and see BTC retesting ATH this year, then these are the 2 key resistance to break. 1. Bull Market Support Band (42.8k-43.6k) 2. Horizontal Resistance and Uptrend Channel Resistance Confluence (48K) Things to be mindful of. In a Daily Timeframe, we see more of a BEARISH Flag so this uptrend channel support (38.1k) has to hold or BTC...