After almost a month of very bullish price action, Bitcoin is showing first bearish signs but before you start shorting or selling, hold on for a minute!
This is a usual divergence that happens in most case scenarios and the biggest mistake is to trade it without waiting for confirmation.
The confirmation varies from situation to situation and in this case, it is close below this rising wedge formation or back below $11 500 weekly level.
If that happens, we can firstly target the middle of the previous consolidation $11 000 and further $10 500 if the middle area fails to hold.
If we don’t get the confirmation, we can easily see the parabolic move.
This is the price pattern that either sends price to the moon (literally) or cause short term end in the bullish market cycle (correction).
Waiting for today’s close to give you more insights where this can potentially go.
This is a usual divergence that happens in most case scenarios and the biggest mistake is to trade it without waiting for confirmation.
The confirmation varies from situation to situation and in this case, it is close below this rising wedge formation or back below $11 500 weekly level.
If that happens, we can firstly target the middle of the previous consolidation $11 000 and further $10 500 if the middle area fails to hold.
If we don’t get the confirmation, we can easily see the parabolic move.
This is the price pattern that either sends price to the moon (literally) or cause short term end in the bullish market cycle (correction).
Waiting for today’s close to give you more insights where this can potentially go.
After almost 3 years of trading on Bitmex, I’m officially moving to another echange.
If you want to move together with me, here’s the link to Deribit exchange: https://www.deribit.com/reg-5508.8322?q=home
Upcoming signals, setups, etc will be related to this exchange!
If you want to move together with me, here’s the link to Deribit exchange: https://www.deribit.com/reg-5508.8322?q=home
Upcoming signals, setups, etc will be related to this exchange!
When is the perfect time to buy back XRP?
This was one of the questions you asked.
Currently, XRP is very close to the cheapest price it was in the last 3 years.
Will it get cheaper?
Maybe but we have very bullish formation right now because of 2 reasons.
1) It reclaimed broken support!
2) The invalidation area is pretty close so you can shoot your shoot on this one.
There are no fundamental reasons why this should go up but technically looking, it creates a setup that forces us to think to move up is a possible scenario.
This has the potential to go up as long as it is above the green area (Let’s say 2000 sats to give it a little bit space).
Close back below will invalidate everything and it can continue its bear cycle.
This was one of the questions you asked.
Currently, XRP is very close to the cheapest price it was in the last 3 years.
Will it get cheaper?
Maybe but we have very bullish formation right now because of 2 reasons.
1) It reclaimed broken support!
2) The invalidation area is pretty close so you can shoot your shoot on this one.
There are no fundamental reasons why this should go up but technically looking, it creates a setup that forces us to think to move up is a possible scenario.
This has the potential to go up as long as it is above the green area (Let’s say 2000 sats to give it a little bit space).
Close back below will invalidate everything and it can continue its bear cycle.
What about BNB, is it worth buying?
This is the question asked by one of our members and here’s my opinion on this coin.
Technically looking, this coin is very similar to XRP.
It lost support that was holding since September 2019 but in the recent price action that support was regained and now it looks pretty strong.
The first target is 0.0025BTC.
The invalidation area is close below the green area or let’s say the test of previous low because in that case, we do not know how low it will go because it has the potential to drop all the way down to 0.0012BTC.
It looks pretty solid because of the strength it showed in the recent price action but if you decide to buy, keep in mind target and invalidation area.
This is the question asked by one of our members and here’s my opinion on this coin.
Technically looking, this coin is very similar to XRP.
It lost support that was holding since September 2019 but in the recent price action that support was regained and now it looks pretty strong.
The first target is 0.0025BTC.
The invalidation area is close below the green area or let’s say the test of previous low because in that case, we do not know how low it will go because it has the potential to drop all the way down to 0.0012BTC.
It looks pretty solid because of the strength it showed in the recent price action but if you decide to buy, keep in mind target and invalidation area.
Risk on a scalp vs risk on a swing
How much should you risk on these two types of trades?
Should you risk less on a scalp?
These are the questions traders face with and as always, there’s no wrong or right answer.
I do risk less on the scalp than swing position because scalps are setups formed on lower timeframes which tend to have less confluence then trade setups on higher timeframes (daily/weekly).
How much should you risk is up to you.
What I prefer is from 0.5-1.0% of my account balance on scalps and 1-2% on swings.
This is what I use and that's my personal choice.
What you should use is up to you but keep inn mind that scalps can have a lot of fake signs because they form on lower timeframes which are loaded with manipulative signs that try to distract you from the general trend.
Because of that, keep your risk lower.
How much should you risk on these two types of trades?
Should you risk less on a scalp?
These are the questions traders face with and as always, there’s no wrong or right answer.
I do risk less on the scalp than swing position because scalps are setups formed on lower timeframes which tend to have less confluence then trade setups on higher timeframes (daily/weekly).
How much should you risk is up to you.
What I prefer is from 0.5-1.0% of my account balance on scalps and 1-2% on swings.
This is what I use and that's my personal choice.
What you should use is up to you but keep inn mind that scalps can have a lot of fake signs because they form on lower timeframes which are loaded with manipulative signs that try to distract you from the general trend.
Because of that, keep your risk lower.
Bitcoin didn’t do much from our last update.
The close below $11500 and we can target $11000.
We also have a trigger for a long position and that’s close above $12100.
In that case, we can expect a parabolic move up and we shouldn’t be surprised if we see $1000 candle that will send us close to the $14000 target.
The close below $11500 and we can target $11000.
We also have a trigger for a long position and that’s close above $12100.
In that case, we can expect a parabolic move up and we shouldn’t be surprised if we see $1000 candle that will send us close to the $14000 target.
Crypto Signals via @vote
What’s your opinion on BTC?
anonymous poll
Continuation and parabolic move towards $14 000. – 127
👍👍👍👍👍👍👍 49%
Heading down to $11 000 support area. – 83
👍👍👍👍👍 32%
I have no idea! – 49
👍👍👍 19%
👥 259 people voted so far.
anonymous poll
Continuation and parabolic move towards $14 000. – 127
👍👍👍👍👍👍👍 49%
Heading down to $11 000 support area. – 83
👍👍👍👍👍 32%
I have no idea! – 49
👍👍👍 19%
👥 259 people voted so far.
Forwarded from Crypto Signals
After almost 3 years of trading on Bitmex, I’m officially moving to another echange.
If you want to move together with me, here’s the link to Deribit exchange: https://www.deribit.com/reg-5508.8322?q=home
Upcoming signals, setups, etc will be related to this exchange!
If you want to move together with me, here’s the link to Deribit exchange: https://www.deribit.com/reg-5508.8322?q=home
Upcoming signals, setups, etc will be related to this exchange!
Crypto market behavior is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out).
Also, people often sell their coins in the irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions.
There are two simple assumptions:
1)Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
2) When Investors are getting too greedy, that means the market is due for a correction.
This is correlated to one of the most famous investors quotes by Warren Buffet:
"Be fearful when others are greedy and be greedy when others are fearful".
Also, people often sell their coins in the irrational reaction of seeing red numbers. With our Fear and Greed Index, we try to save you from your own emotional overreactions.
There are two simple assumptions:
1)Extreme fear can be a sign that investors are too worried. That could be a buying opportunity.
2) When Investors are getting too greedy, that means the market is due for a correction.
This is correlated to one of the most famous investors quotes by Warren Buffet:
"Be fearful when others are greedy and be greedy when others are fearful".
Bitcoin on lower timeframes.
We can see here easily what are important zones. Bitcoin is still making higher highs and higher lows which is an obvious sign of a bull market cycle.
In order to see Bitcoin testing $11 000 support (an potentially even lower area), we need to see close below the upper green area.
For a move up, we need close above $12 100 and we shouldn’t be surprised if $1000+ candle comes after that.
Waiting for either of these two setups to be formed.
We can see here easily what are important zones. Bitcoin is still making higher highs and higher lows which is an obvious sign of a bull market cycle.
In order to see Bitcoin testing $11 000 support (an potentially even lower area), we need to see close below the upper green area.
For a move up, we need close above $12 100 and we shouldn’t be surprised if $1000+ candle comes after that.
Waiting for either of these two setups to be formed.
ETHUSD is back in the consolidation range it was a week ago and it made the previous breakout actually a fakeout.
We may now see a retest of $400 resistance zone which would be a good area to place a short trade entry targeting the support at $360.
It would be a great setup especially if the upcoming weekly candlestick closes below the $400 zone.
Keep an eye on this area, shorting could be a great idea.
We’ll update on this setup.
We may now see a retest of $400 resistance zone which would be a good area to place a short trade entry targeting the support at $360.
It would be a great setup especially if the upcoming weekly candlestick closes below the $400 zone.
Keep an eye on this area, shorting could be a great idea.
We’ll update on this setup.
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If you’re interested, send us DM to @CryptoSignalsAdmin.
Crypto Signals
ETHUSD is back in the consolidation range it was a week ago and it made the previous breakout actually a fakeout. We may now see a retest of $400 resistance zone which would be a good area to place a short trade entry targeting the support at $360. It would…
ETH is going according to the plan towards the support of this range at $360.
Where Bitcoin is heading after weekly close?
This close is pretty tricky because the candlestick formation is bearish but it was above the resistance so we have two contradictory signs.
We can have both a candlestick that will test $11 000 support area or a candlestick that will continue to move up towards $14 000 target.
Because of that, we need to look at lower timeframes for trade direction.
This close is pretty tricky because the candlestick formation is bearish but it was above the resistance so we have two contradictory signs.
We can have both a candlestick that will test $11 000 support area or a candlestick that will continue to move up towards $14 000 target.
Because of that, we need to look at lower timeframes for trade direction.
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Deposit on April 19: 853$
Deposit by August 19: 13753$ 🔺
How did he earn?
He followed the recommendations of the "Predictūm" indicator that notifies 15 minutes before a dump 📉 or a pump 📈 based on some secret algorithms.
Investment accuracy is 93% and the profit by August 2020 is already +830%!
It provides the exact entry point, stop loss, and take profit. No roulette!
Check them out 👈🏽
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FAQ & Contact https://www.tg-me.com/c/1456872361/5372
Website: https://predictum.ai
Established in 2020 🚀