i hope that everyone will be happy soon since BTC forms bullish flag in 1day TF and weekly TF show perfect bat pattern with price projection of atleast 75k - 85k
however market highly volitile, so we need to manage our risk
as of today's trading analysis on BTC it is about to break through upward the resistance trendline and currently trading at 61,987 supported by rsi at 40.
if BTC successfully break through, then we can expect a great pump up to 72k. (and we all know how it can affect altcoins)
so i hope and pray that it will and let the alt season begins
moreover most of the altcoin is in the dip and form shark patterns
trade wisely!!! trade safely!!!
NOT a financial advise, Do your own research. Your money, your Rule
if the successfully broken through the resistance trendline you can expect me to post that will pump in couple of hours
in my recent analysis LUNA/USDT is ready to pump although it is still in consolidation phase and indicator's like RSI and stochRSI tells we are not expecting a pump for the next 12 hour
however it is a good time to set a position, with a proper risk management
green (buy zone) Blue ( TP 1) purple (TP 2) Red (SL)
this signal is based on technical analysis. the following conditions are considered: 1st - APE is already in shark 🦈 pattern 2nd - a diagonal resistance pattern formed from previous rejection on 2.1335 3rd - RSI is slightly overbought 4th - stochRSI is overbought ( the combination of RSI and stochRSI tells how sudden the the pump is) so the range of this trade will be 3 to 4 days up to 1 week
I attached image here yo show the markings I made on my technical analysis.
reminder: this is NOT a financial advice. Your money your rule. DYOR
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as i predicted on my previous post BTC is now declining. but to be safe please consider entering after BTC broke through downward second support line (1st picture)
and also posting an image regarding my prediction on BTC correction (2nd picture)
please check it out yourself, everything is based on technical analysis
as i mentioned before in my previous post, BTC will go down, but we have experienced great Pump and dump in just 15 minutes. as results many have been liquidated in both long and short position.
this is how much Whale's can influence the market as cryptocurrency industry is facing pressure from government's all over the world struggling to have control (against the concept of decentralization).
however if you're one of those people who have been liquidated i suggest that you don't re-enter a position. let wait for market development before making any decisions.
let us stablish first claer directional biases. fir the safety of everyone.
dont get me wrong , i still believe that BTC will go down as I, myself holding a short position.
Not a financial advice. Your money, your rule. DYOR.
after surging it perfectly normal to have correction as everyone expected before the Halving and the BULL RUN
Base from Technical analysis, BTC will Dive to at least 62K level although shark 🦈 pattern projection suggest about 55K to 50K.
these are the following considerations: 1st - BTC form shark 🦈 pattern in 4 hour time frame 2nd - Relative Strength Index (RSI) is overbought in 4 hour to 1 week time frame 3rd - candlestick already bounced back from the BOLL 4th - candlestick broke through downward of the resistance line and form's falling curve pattern in 1 hour time frame
please check it out yourself.
This is NOT a financial advice, your money your rule. DYOR
earlier I posted a coin with a high probability of dumping, here is my update
BADGER USDT just broke through downward the resistance line.
check it yourself.
in 1 hour time frame RSI - 46 level (1 hour time frame) RSI - 69 level (4 hour) RSI - 1 Day is 72
as you can see rsi status is being rejected at most of the higher time frame
Again i would like to remind everyone that if you unsure dont gumble in trading with high volatility coin as it offer a higher risk also (if you can't handle the RISK)
and this is not a financial advice. market is unstable and may change everytime. so DYOR