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cryptosrocket Updated 

Ethereum (ETH/USDT) seems to be forming a bearish Head & Shoulders pattern. An ABC correction in play with a lower high. At ~1700 we have our stop-loss above a strong resistance - MP/TPO POC + R1. VPVR POC marks the main pivot level and our target is at ~1450 (immediate support below). MP -> Market Profile TPO -> Time Price Opportunities POC -> Point of...

cryptosrocket Updated 

Hello Cryptonauts, In the BTC/USDT pair we have the formation of a descending triangle (a continuation pattern). Added to that, we have a bearish flag. Using the flagpole size we can target our short position at ~18541. The price failed to breakout the smart money level (dashed line), which corroborates our short position. However, we have support at ~19501 so...

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These are the most important Ethereum levels at the moment! Pivot: ~1565 | Support: ~1533 | Resistence: ~1652

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Pivot: ~19968 | Support: ~19729 | Resistence: ~20610

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Pivot: ~0.8348 | Resistence: ~0.8542 | Support: ~0.8128

cryptosrocket Updated 

Pivot: ~20111 | 1st Support: ~19374 | 2nd Support: ~19420

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Pivot: ~1566 | 1st Support: ~1512 | 2nd Support: ~1470 | Resistence: ~1607

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Pivot: ~19976 1st Resistence: ~20411 2nd Resistence: ~21011 Support: ~19374

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Pivot: ~1524 - 1st Resistence: ~1624 - 2nd Resistence: ~1822 - 3rd Resistence: ~1923 *Probable Pullback: ~1496

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Pivot: ~20328 - 1st Resistence: ~21128 - 2nd Resistence: ~22702 - 3rd Resistence: ~23511 *Probable Pullback: ~20074

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For conservative traders who prefer position trades, clearly no reason to long yet, but we are entering a very interesting territory that we last entered in February 2019. A great opportunity is starting to take shape for the medium-long term.

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On the left side: BTC chart with japanese candlesticks (full of noises that hinder our trading decisions). On the right side: The same chart but with Heikin Ashi candlesticks (much cleaner and more defined which helps our trading decisions). Heikin Ashi was developed by Munehisa Homma in the 1700s and share some characteristics with standard japanese...

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Guess where the S&P 500 index did the pullback ;) and BTC continues to respect the trend line. In context, both the smart money region at the main S&P level (yellow line) as an indicator for the market as a whole and the double support in BTC (trending line + S1) are examples of entry points with excellent risk-return ratio.

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Note how BTC failed to close any candles above the yellow line (smart money level) and the price was rejected at exactly the “double resistance” I pointed out earlier. Given the importance of this resistance, a breakout on the first try would be very unlikely, especially coming from a 38% rally in just over a month. A breakout on first try is usually rare and...

cryptosrocket Updated 

Filecoin (FIL) seems to be getting bullish. It just broke the fully formed Cup & Handle level + Bullish Inverted Head & Shoulders formation pattern. Considering the supports, resistances, pivot levels and the height of the cup, we may reach ~43 target in the short-term. _____________ Cryptos Rocket 🚀 (Special Discount): cryptosrocket.com