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How Will CPI and the Fed Impact the Crypto Market?Bitcoin was edging higher, hoping that a reasonable CPI print yesterday would give risk on assets the green light to rally. Unfortunately, CPI came in red hot, suggesting that the Fed will double down their tightening efforts in order to get it under control. Bitcoin rejected $22.4K, and smashed through $20.7K. Currently we are clinging to support at $20K with $19.5K the next level to provide support. It will take some time for BTC to recover from this, but we must break through $22.4K before considering higher levels.
BITSTAMP:BTCUSDShort
by quantguy
KCS - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. KCS is still struggling around support and round number 10.0 and since the price is above it, we will be looking for buy setups. For the bulls to take over, we need a break above the gray neckline. In this case, a movement till 15.0 would be expected. Meanwhile, if the bears manage to push below 9.0, then we will be expecting further movement downward. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
9
LUNC - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. LUNC is overall bullish trading above our brown trendline acting as a non-horizontal support. Since LUNC is sitting around our brown trendline, we will be looking for trend-following buy setups. on H1: LUNC formed a valid trendline in orange but it is not ready to go yet. Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray. We would be overall bullish, unless the bears manage to break below the green support zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
20
How Long Can Bitcoin Rally?Bitcoin has risen sharply off a rally in stocks and a strong selloff in the US dollar. We have blasted through $20.7K and have almost completely crossed the vacuum zone to the next level at $22.4K. However, we are running into resistance confirmed by a series of red triangles on the KRI, and thus the price action is likely to round off some point soon. If we reject $22.4K, we will likely see support from $20.7K. If the rally continues, then $23.9K is the next target.
BITSTAMP:BTCUSD
by quantguy
2
Cryptocurrency #1Well well, so who is here a diamond hand?, hop up!. That is crypto. It is an asset. it is not like something we can sell and buy quick. Asset is not work like that. Do we buy house today and sell it tomorrow?, Do we buy land today and sell it tomorrow and expecting some huge insane profit and be a millionaire in 1 night?. No way, be a diamond hand, because diamond hand always win. Even so say that, yet need to clarify and clear what coin are we holding. Utilities?, core team? marketing? market supply? usecase? crowd? etc etc. A lot of things we need to look after because once we buy it, that's it. HODL it until our mother "Bitcoin" wake up and do bearish movement. And then we will experience Alt-coin season like before. Ahhh what a day, i really miss that moment when numerous of alt coin spike up easily 1000%
by Karkoon
10
As Predicted, Bitcoin Tests Lows AgainWe have been calling for Bitcoin to return to $18.6K since its meager rally through the $20K's. Finally, Bitcoin caved and hit our target. We had been wavering around $20K since late August and finally support gave. Indeed $20.7K proved to be a hard upper bound, and our newly drawn level at $19.5K could do little to provide support. However, as discussed here, $18.6K held. We tested this level exactly, with green triangles on the KRI to confirm the support. If this caves, the next level is $17.6K. Otherwise, $20K should be considered a hard upper bound for now.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin Struggles Amid PressuresBitcoin is hugging lows at our new level at $19.5K. A strong dollar and recession fears seem to be weighing on cryptos. The Kovach OBV is bearish, but appears to be picking up slightly, which could suggest a bear divergence. We could easily make a run for $20.7K if caught a burst of momentum. However, technically BTC does look pretty weak and if $19.5K does not hold, then $18.6K is the next level below to provide support and is an expected floor price for BTC.
BITSTAMP:BTCUSDShort
by quantguy
BTC - All Eyes On You!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. BTC has been stuck in a range around the 20k round number for a couple of days forming a symmetrical triangle. For the bulls to take over, to start the minor correction upward, we need a momentum candle close above the blue zone. In this case a movement till the H4 major high and supply zone in green would be expected. Meanwhile, until the bulls take over, the bears can still kick and break below the symmetrical triangle downward. In this case a movement till the 18k would be expected. Which scenario do you think is more probable and why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BITSTAMP:BTCUSD
by TheSignalyst
40
Bitcoin Still Holding the $20K'sBitcoin is still wavering in the neighborhood of $20K. We dipped several times into the $19K's with $19.5K a consistent lower bound, thus we have added it as a new level. If support breaks here, then $18.6K is the next level down. If we are able to build some momentum, $20.7K should provide resistance, then $22.4K is the next target after that. The Kovach OBV is still abysmally bearish, but does appear to be leveling off, suggesting that we may have bottomed out in this price range.
BITSTAMP:BTCUSD
by quantguy
Bitcoin holds on to the $20K'sBitcoin has edged higher, hugging the $20K level. We have broken just above this level but are still a bit far from $20.7K, a technical level Bitcoin has tested many times over the past few months. The Kovach OBV is very bearish, but does appear to be leveling off. We must first break $20.7K before testing higher levels the next of which would be $22.4K. If we reject current levels we should find support at $18.6K which we expect to be a floor price for now.
BITSTAMP:BTCUSDShort
by quantguy