Btc-bitcoin
Don't miss the great buy opportunity in DASHUSDT @ dashTrading suggestion:
. There is a possibility of temporary retracement to 250/255$ or support trendline.
. traders can set orders based on Price Action and expect to reach short & long term targets.
Technical analysis:
. Dash is in a uptrend and the continuation of uptrend is expected.
. The price is above 190/250$ zone leads more upside.
Take Profits:
TP1= 355$
TP2= 434$
tp3= 588$
SL = 180$
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KITE crypto! (Free Telgram)
Don't miss the great bUY opportunity in EGLDUSDT @ eGold
Trading suggestion:
. There is a possibility of temporary retracement to 215$ or support trendline.
. traders can set orders based on Price Action and expect to reach short & long term targets.
Technical analysis:
. eGold is in a uptrend and the continuation of uptrend is expected.
. The price is above 215/234$ (Buy levels) leads more upside.
Take Profits:
TP1= 294$
TP2= 342$
tp3= 420$
SL = 165$
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BTCUSD Inverted Head and Shoulders. Target 67000An unmistakable inverted head and shoulders pattern is developing on daily, which is to be confirmed by a breakout past the neckline at 59000 accompanied by a surge in volume.
Target from this breakout roughly corresponds with 1.618 Fibonacci extension level of 67000.
Don't miss the great buy opportunity in WAVESUSDT @ The WavesTrading suggestion:
. There is a possibility of temporary retracement to 13.5/14$
. traders can set orders based on Price Action and expect to reach short & long term targets.
Technical analysis:
. WAVE is in a uptrend and the continuation of uptrend is expected.
. The price is above 14$ zone leads more upside.
Take Profits:
TP1= 22/24$
TP2= 28/30$
tp3= 38$
SL = 11$
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💡Don't miss the great buy opportunity in SFPBTC @iSafePalTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (0.00004500).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. SFPBTC is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.00005400
TP2= @ 0.00006200
TP3= @ 0.00007000
TP4= @ 0.00008200
TP5= @ 0.00009500
SL= Break below S2
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Bitcoin 4hr analysis 3-14-2021Good morning Ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the 4 hour time frame pulled up after holding onto 60 K more or less throughout the day yesterday. I guess we can pat ourselves on the back for that. Meanwhile we do have some bearish news that I will address through this analysis. I also have some good news as well so we can focus on both and you can make your own mind up. I am fresh off of a 3 day ban via Facebook so I am happy to be able to finally post again. I have missed you all dearly. Anyways let's take a look at the chart and see what we can see.
So we are just below 60k at the moment. Nothing to get freaked out about. We have been floating above and below 60k the entire time I have been looking at the chart this a.m. As you probably all know the weekend is typically lower volume when compared to the Monday through Friday work week. More people tend to trade during the week and exchanges like CME flat out close on the weekend. This is where the bearish news comes into play. I guess we can focus on the bear news first. That way we can have a happy ending.
The bear news isn't devastating or anything but it does signal that a drop could be in order on Monday. We will just have to wait and see how it plays out. We all know that we experienced a rise over the weekend of a few thousand dollars. This typically results in a bearish gap. These gaps form on the CME during the weekend when the price rises. The CME closes Friday at whatever the price is at the close {This past Friday the close was close to 57250 according to the CME chart } and the price right this second is 60k approximately. That makes a nearly 3k gap below us which may cause quite a dip Monday morning. Let me say this.. Not all dips are created equal so do with this information what you will. This is just a warning to watch the charts. Those gaps fill more often than not within 24 hours.
Okay enough about gaps. Especially the bear gaps. Lets talk bull. We are above the set up on my chart. As my buddy Ernie Villz would say, "The path of least resistance seems to be up." That means there is a lot more evident support than resistance. This alone can give traders the confidence to long an already overbought market. That is what fomo does. I saw it in 2017 and this pump seems different. I guess due to the fact that it was a perfect storm really. Let me explain.
1 year ago almost to the day we dropped. HARD. We fell from 10500 USD to 3800 in a matter of 48 hours. Quite the dip. If you took that dip {percentage wise} and applied it to the price today we would drop from 60k to 24k respectively. That would be a blow to morale lol. Just want to give you an idea of what it was like to be in the market 1 year ago. Watching a wallet lose 65% over the course of 2 days was not easy... Let me tell you. But look at it now. I bought more around 4k. Best investment I have ever made. But since that drop volume came roaring back. The halving occurred less than a year ago and that assisted the pump. Couple that with stimulus payments and inflation along with breaking 20k and other key resistance along the way and you have a recipe for an explosive market. Proof is in the pudding!
The gap I drew on the chart is conditional. If the weekend closes around 57800 there likely wont be a gap. Anything can and usually does happen in this market so be prepared for anything folks. Set a stop loss. There is no excuse not to. Unless you are long term holding and in that case you need to find some cold storage. Bybit is great and so is Ledger. Cold storage is safer than an exchange wallet by miles. A little security can go a long way. Problem is most people dont care about security til its too late.
I missed you guys over the last 3 days.. But Im back today and I will be sharing my analysis again as usual. Stimulus checks are hitting US citizens accounts as I type and that could provide a pump to the BTC market. That is why I would be careful with that gap. Maybe we will fill it right away. Maybe not. I see gaps that have been on the chart for years. So not all gaps fill like their brothers. Some fill in minutes and some take years apparently. Maybe it will never be filled? Anyways I hope you all have a great day! Make good choices my friends and always remember WTFDIK???
TLDR: Bulls are fighting to keep 60k. We may have a bearish gap to start Monday... {Closed Friday around 57800 and current price is 60 so that is a few thousand dollar gap} Just keep an eye on things. If that gap does fill its a great opportunity to make a quick profitable trade to start off your Monday!
Bitcoin 4hr analysis 3-7-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr time frame pulled up again after a decent bounce. We are in much better shape than yesterday and things look prime for another possible higher high. Anyways lets take a look at the charts this a.m. and see what we can see.
The bulls woke up early today apparently and they decided the 4hr 200 MA was the time for a pivot and climb above support. The very same support that was resistance yesterday. The 4hr 50 MA is below us now along with the 4hr cloud. All bullish occurrences. But the real test is on at the moment. We poked out of the top of the triangle on the chart but we really need that confirmation candle to close to ensure the break is legit. And the current 4hr candle has 30 mins left its life so lets see if it can remain above the cloud and the triangle.
One can clearly see that the 4hr 200 MA is strong support as the last 2 times we approached the indicator you had a real shot at entering a profitable long position. This is something you should take notice of in case we end up in a situation where we test other indicators such as the daily 50 MA and the daily 200 MA. With the reliability of the 4hr 200 MA very evident I imagine the daily will be even stronger. The daily time frame is the most important of all time frames imo.
So now that we broke above the triangle (and the cloud to boot) We have clear skies above us. That is if we can manage to stay above support and 50k. I see a bearish gap on Monday due to the recent rise But that will be more clear to me in the morning. Things are looking really good to start the week.
With the stimulus bill passing through the govt passing we can expect some of that money to enter the crypto market. I am not saying we should expect a trillion dollars in new volume but I will say I do expect some people to throw their money into the market. We see directly after approval of the stimulus the market responds positively. One reason could be due to the influx of new volume or the fact that inflation will almost surely cause the price of BTC to rise while the USD loses value.
I really hope we can hold onto this bullish break this morning and as people decide to exit their slumber and look at the charts they may fomo into the market seeing this break. But this is pure speculation at this point. What we do know is we broke above the 4hr 50 MA, the 4hr cloud, and the triangle pattern we were stuck in for weeks. All bullish! So lets make this week a good one! Make good choices yall! And always remember... WTFDIK???
TLDR: Sunny skies, no clouds. Bears sleeping in. Life is good
Bitcoin 4hr analysis 3-6-2021Good morning again ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I am looking at the 4 hr and things are going like I assumed they would since I recognized this pattern. Support and resistance are clearly defined and now its just a matter of escaping this consolidation! I am going to try something a a bit different today and accompany this analysis with a video analysis. So I may not type as much. I know that will break some hearts LOL :) Anyways lets take a look at what is happening.
The consolidation is real! We are stuck in the cloud as I type and this has been the case for 4 days now. That shows how reliable of an indicator the "ichimoku cloud" can be. When you enter the cloud its not so easy to escape and that is what we are seeing here. If we can exit the top of the cloud the bull market should be alive and well but if we fall out of the bottom... Well all I will say is set a stop loss.
This week has been pretty flat in terms of price movement. I guess we are spoiled as investors and are used to several thousand dollar swings in this market. But a little breather may be what the market needed? Only time will tell. Stimulus talks are going on as I type and that could add more capitol to the market. Along with devaluing the USD through a massive printing effort. I mean if they are going to inflate our currency we may as well buy BTC and benefit from their short sightedness.
We broke out of the 4hr cloud this week but the support didnt hold unfortunately sending us right back into the clutches of the 4hr cloud and we have been stuck there for the majority of this week. Right now the saving grace happens to be the fact the 4hr 200 MA (blue line) is right at the bottom of the cloud. This means double support which should remain strong through the weekend I imagine. That is if this strong support holds. If we lose the support all that stands between us and a real dip is the support of the former ATH at 42k...
I will say this, I really hope the bulls have a few giant green candles up their sleeves. But I will not be greedy. I will stick to my plan and if I decide to enter a long you better believe I am entering my stop loss right after. Right now is not the time to be cute with your bags. If a dip is coming you should be ready. Another thing I should mention is get cold storage. If you plan to sit on BTC long term start thinking more about security. Cold storage is so much safer than storing in a hot wallet (exchange or wallet app off the playstore that looks sketch af) Learn to protect your investment. If you lose your $$ you want it to be because of your awful trading, not because some jerk phished your pw away... I hope you all have a great day and make good choices! WTFDIK??
TLDR: Bears suck. Cmon Bulls lets roundhouse kick these bears back into their hibernation caves
💡Don't miss the great buy opportunity in BTCUSDT @BitcoinTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (44100).
. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. BTCUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.80.
Take Profits:
TP1= @ 48450
TP2= @ 50550
TP3= @ 52100
TP4= @ 55000
TP5= @ 56500
TP6= @ 58300
SL= Break below S2
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Bitcoin 1 day analysis 2-28-2021Good morning again everyone and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up and I can see we are holding on to 45 K by the hair on our chinny chin chin. Weekends are known for being low volume event so this doesn't surprise me too much. But will Monday result in a green candle or two? That's the question on my mind. Let's take a look at the chart...
I still say there is a lot of support between 42 and 45 k and that coupled with the 50 ma being below us I am still ultimately boys although I have made sure my stop-losses are set accordingly. We are currently just below 45k but with this in mind we may have a bullish gap above us Monday. Only time will tell if this results in a bullish start to the month of March but as you all know I do like playing gaps so I will be watching.
In my opinion if we were to lose the support of the daily 50 MA or 42k I would likely be bearish. Let's see how the daily, the weekly, and the monthly close tonight. Lots of big time frames ending cycles so it is certainly something we should watch.
The way we can turn back bullish In my opinion is to retake the 4hr 50 MA. I love the 4hr time frame and when I saw us lose the support of the 4hr 50 MA I was discouraged. Now I will be watching the 50 MA on that daily time frame. Of it holds I believe BTC is still bullish. If not we could see those lower highs that are so common in a bear market.
I would love another Bullish month (March) but I'm not holding my breath. The writing is on the wall for bulls and im not saying we are going down yet. But I am saying set a stop loss. Many alts took a hit overnight. But there is still a chance that the bulls can flip the script. I hope you all have a great day! Make good choices! And always remember WTFDIK?
TLDR: Wake up bulls and let's retake the 4hr 50MA. Someone wake Musk up and tell him to tweet something bullish lol
Bitcoin 1 day analysis 2-27-2021Good morning again ladies and gentlemen and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up as it is really doing well with my trading set up at the moment (50 MA, 200 MA, Cloud) The bears have made their presence known once again as the candles dropped from roughly 60k to 45k in a matter of days. I know that this price movement may be scary to you noobs but this is actually quite common with BTC. Anyways lets take a look at the charts.
We are currently cruising along right above some key support that really needs to hold if we expect this run to stay alive. The 4hr 50 MA was lost over this week and that is bearish in itself. But the daily is the real deal in my opinion and as long as we remain above the daily 50 MA there is hope for a pivot. But that doesnt mean you should depend on a pivot. Rather set a stop loss and hope for the best while preparing for the worst. If this daily 50 MA holds we have a real shot at a decent long.
So currently there is a lot of support between 42k and 45k. This could keep confidence high enough to keep the bull market alive. I would be even more confident if we make it to Monday above 45k. Weekends are known for lower volume (not always but more often than not) so Im not expecting too much. But I will be ready for anything and everything. Being a trader there is no other way to do it. Stay on top of them charts or you will get REKT.
Nothing goes straight up forever. Even if the bull market does continue after the recent dump from nearly 60k, that does not mean corrections wont be on the chart as well. Its the very nature of a cyclical market. If you truly believe in Bitcoin long term the recent 20%-25% drop we saw should not bother you. Even if you did buy at 58k. Yes you do hold the heavy bags at the moment but I was you 3 years ago. Buying at 18k and watching the profit dwindle into actual losses. I lost even more chasing alts. Really I was buying into the pumps. Not before the pumps. Which means I was left holding bags while early investors sold. But that is the nature of the beast. Gotta learn to earn and sometimes that means getting burned.
I see the 4hr 50 MA (I know this is the daily chart but I drew the 4hr 50 MA for your convenience) is the current line in the sand for the bulls. If we can retake that 4hr 50 MA that could be the start of another pump. Of course only time will tell. We got rejected already one time this week trying to retake the 4hr 50 MA. But not all hope is lost yet as we still managed to hold onto 45k as support. That coupled with the fact we are above the 50 MA on the daily shows there is still hope. Although I would not enter a long without a strict stop loss. I hope you all have a great weekend and make smart choices folks! WTFDIK???
TLDR: 42k - 45k shows promise as strong support. 4hr 50 MA (green line) is (IMO) what we need to conquer to keep the bull run moving.
It's a great buy opportunity in ATOMBTC @cosmos @Bitcoin Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ATOMBTC Cosmos Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
Take Profits:
TP1= @ 0.000395
TP2= @ 0.000415
TP3= @ 0.000440
TP4= @ 0.000484
TP5= @ 0.000545
SL= Break below S2
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💡Don't miss the great buy opportunity in ETCBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.000269).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETCBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.000418
TP2= @ 0.000494
TP3= @ 0.000603
TP4= @ 0.000750
TP5= @ 0.000926
TP6= @ 0.001100
TP7= @ 0.001354
SL= Break below S2
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Now, It's your turn !
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bitcoin 4hr analysis 2-14-2021Good morning ladies and gentlemen and welcome back to my daily analysis of Bitcoin. Today I have the four hour time frame pulled up after a new all-time high overnight. We hit around 49700 + and things still look good from the Bulls perspective. I do have a few things I want to cover so let's get this party started y'all.
First of all I want to keep it simple and look at the indicators on the chart. The 50m a is ascending with the candles and as long as we are above the 50 and made things look really solid. But being above the 50 MA and the cloud and the 200 ma is definitely a bullish scenario. We are still above these key indicators on the daily and weekly as well. All of these factors makes a strong case for the bulls...
50k is probably going to show some resistance to the candle. Maybe not 50k on the money but somewhere close to that. The reason I say it is 50k is a nice round number. Seeing as how we have not put much data above 49 k we have to take what we can get. And I do know that Traders look for nice round numbers like 50k for instance to place sell orders and whatnot...
Bollinger bands look pretty tight on the 4hr time frame. Which could indicate that volatility is on the horizon. So it does look like a breakout is on the way. Go to Bollinger Bands really don't tell you which way it's going to go. You have to combine it with other indicators to get a gauge on the market. And right now things look pretty bullish but I would set a stop loss just in case. Also the MACD on the 4hr looks like it could turn back bullish any second. Something to keep an eye on.
Happy Valentine's day to each of you. I hope you all enjoy your Sunday! Its supposed to freeze here and people in SE Texas dont know how to cope with cold weather. So if my power goes out I will try my best to still share my analysis. In the mean time watch for a gap to form below us if these recent gains stick around til Monday. Only time will tell. Have a great day. Make good choices my friends... And always remember WTFDIK?
TLDR: New ATH (49800) We are knocking on 50k's door. Set a stop loss.