CryptoBlanco

CryptoBlanco

Bitcoin has been rally since jan to presently, rising a staggering 118% from lows. Are we about to witness a massive bull run in the coming weeks? Well, we have a major roadblock uphead. Price Between FWB:36K -40k is major resistance and until Btc breaks this zone we are still in a bearish scenario on monthly and weekly time frame. A failure to break and close...

CryptoBlanco

#Bitcoin market update: Price action on #btc and most cryptos has been extremely slow with lowest volume ever recorded. However this could mean one of two things a clear accumulation is going on, now the question lies. Are we going up or down ? Well we have simplified of what we thing could possible happen. Scenario A (blue line) - Bitcoin is sitting on its...

CryptoBlanco

Bitcoin is hanging by a thread and is at critical support on the higher time frames. It is at key demand zone of 25.4k - 24k zone. If the level holds, we could see a rally in BTC towards 36k-40k. However a break of 24k with candle closure, is not going to end well. We could see a further correction to 18k if this were to play out. Watch these levels closely in...

CryptoBlanco

We are now seeing a retracement on #btc after striking the 50% fib level at price $31125 from last high to swing low on monthly. The next move is #btc tumbling further to our respective demand zones. We have Identified two possible outcomes A & B. Option A(Blue): Bitcoin will reach the 50% fib at 22,521 and if the level holds we could see a retracement back to...

CryptoBlanco

Hey guys, it's been a long over due update on the markets. Although, not much has changed on the crypto forefront. With most coins ranging(accumulation). However we did spot something interesting on #XRP. The price has formed a higher high structure after holding support of 0.2-0.3 very well and a strong monthly bullish engulfing candle closure. This means if we...

CryptoBlanco

Bitcoin market update: #Btc has formed a W pattern on the daily, meaning a chance of a reversal towards 26.6k should we break 22,800. The RSI also has formed a higher high, indicating a possible price momentum towards the upside. Although price could go up from here, don't be fooled , that we are still extremely bearish on the daily and weekly and this move is...

CryptoBlanco

CHF/JPY potential short entry trade setup : We could see a retracement to daily and 4-hourly supply zone of 142.910 - 143.714, where we will likely be looking at entering a short on this order block with targets as mentioned in chart. This is a high probability trade as the order block coincides with the fib level of 78.6/61.8 and daily resistance level. This move...

CryptoBlanco

It’s been awhile since we’ve updated ya’ll with the current market situation. The crypto market has been moving sideways since the last drop from 30k to 17k, hence we have been quiet on the sidelines. This usually indicates an accumulation of orders before its next explosive move. We currently have been motoring #Ethereum and to give a brief update as follows:...

CryptoBlanco

Gbp Jpy is making a pullback to support and demand orderblock,marked in the purple box. A hold of this area can send GBPJPY to supply zone marked on charts. This setup has a good R/R and multiple confluences that it will play out. Please note: Do not risk more then 2% of capital on this trade.

CryptoBlanco

Bitcoin market update: Btc currently is trading at 20.7k and is in our demand zone market out previously. This zone of 16.9k - 20.1k is major point of interest currently, considering it’s also the previous all time high from the rally of 2017-18. If bitcoin holds this level we could see a retracement towards the 61.8 fib level(27.3k) to 28.5k - 31.58k supply zone....

CryptoBlanco

GBP JPY has a potential short trade in play. The market levels are key demand and supply areas where price is likely to react and turn around. Now that GBPJPY has retested the highs, there is likely to be a pullback to grab liquidity.

CryptoBlanco

S&P 500 is looking extremely dicey, we have formed a lower low on weekly and the drive up is most likely to trap retail traders and form a lower high. Watch how this plays out in the coming weeks.

CryptoBlanco

GBPJPY long setup, if demand area holds. Look for bullish candle confirmation before jumping in long.

CryptoBlanco

Bitcoin if it holds demand zone marked, price could be heading back up towards 31,400.

CryptoBlanco

Bitcoin is getting a nice bounce of the demand zone of $39.7-38k levels. We could be having a retracement upto $42.1k - 43.2k levels. If #btc fails to break this level we could see another nose dive down to $38k