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Four Ominous Signs for BitcoinBitcoin is still maintaining the range between $47.4K and $45.6K. We have continued to establish value in this area since the tail end of 2021. The lack of buying interest, low liquidity, choppy trading, and very narrow range aren't positive signs for the flagship cryptocurrency. Every time we attempt a small rally, it is immediately batted down, confirmed by red triangles on the KRI. The level $45.6K does appear to be providing support, but the longer we keep testing this level, the more comfortable we are in breaking it. If so, $45.0K and $43.8K are the first levels of support below, but in the event of a proper crypto dump, we could easily feel out the low $40K's. If we can muster the strength to break $47.4K, $48.2K is the next target.
BITSTAMP:BTCUSDShort
by quantguy
2
XRP - Patience Is The Key To SuccessXRP is still coiling up and down with consolidation that seems to have no end. Like with many laggers patience is key for the hodlers. We will eventually see the breakout but i still thing that for that to happen BTC has to finish its first massive fall. BTC dominance is dropping quite hard and this only means good for alts. We have a massive support at $0.50 area so don't be afraid that we will not hold this (red box). It is very possible at that point that even $0.60 will not get revisited anymore, but somewhere close to it like $0.70 can get revisited (yellow box). Breaking above he green price area would mean clear skies ahead for XRP, but before this happens we must see what btc will do first. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:XRPUSDT
by AVA37
FIL - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. FIL is sitting around a strong demand zone in green so we will be looking for buy setups. on DAILY: FIL is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated , FIL would be overall bearish can still trade lower till the lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:FILUSDLong
by TheSignalyst
19
Bitcoin Tests Lows Again... What's Next??Bitcoin has tested lows again at $45.6K. We are seeing a very small bounce from this level, and are currently trekking up past the next level at $46.2K. However we are seeing very little momentum to this drive and the Kovach OBV is still abysmally weak. When Bitcoin feels out lower levels, as it is doing with $45.6K, it gets more comfortable with breaking through them, so be vigilant of a further selloff which could take us to $45.0K or $43.8K. We appear to be seeing a bear wedge forming. Volatility has consolidated, and the longer it does so, the more probable a breakout or breakdown becomes. If we see a burst of momentum, then $47.4 and $48.2 are the next targets.
BITSTAMP:BTCUSD
by quantguy
4
What Bitcoin Has in Store for 2022The last time we did a longer term technical analysis was back in November. If you recall, we surmised that Bitcoin would drop and test lower levels (at the time $53.3K), and make another run for higher levels ($59.8K). Check out the red arrows in the daily chart. That's pretty much what happened, as Bitcoin tested our level exactly, before rejecting it, and plunging into the $40K's, which we also predicted. It's time to take a look at the charts and the crypto market for an update as to where we're at. We have been stressing lately that several risk factors are prevailing in the crypto market. These include lack of liquidity, low volume, hesitancy in market participants, and historical malaise this time of year. So far, in 2022, these issues seem to still be afflicting the crypto market. We are still bullish on Bitcoin long term, but feel that if we can't break this range between $45K-$50K, then we may see lower levels. Not to mention that tax season is quickly approaching and we usually see outflows around this time as well. It is insightful to take a look at some of the longer term levels, on the daily charts. We have Fibonacci levels anchored at the extrema of the most recent bull zig zag that began in July. Observe that the current price is fluctuating right about the 50% level, at $48.6K or so. Also note, we have tested (just above) the 0.382 level, a few times, and are finding support for now. But if the markets can't muster the momentum to push higher, they're likely going to test buying interest at lower levels. This range won't hold forever. If we break the 0.382 level at $44.0K, then the next level down is $38.2K. If $44K can't hold, then the $30K's are a strong possiblity. After that, we have July's relative low at $29.0K. After that, then next level is another Fibonacci level anchored on 2020's prices at $19.1K. This level roughly coincides with all time highs from 2017. The latter is the most extreme case, but it is insightful to have some levels in mind on where to buy should we face another crypto melt down. If momentum does come through, we must first break $50K definitively. This level has proven to be a hard upper bound and we've rejected it several times. But if we can solidify the $50K's then $53.3K is the next target. There is a bit of a vacuum zone after that $59.8K, which is the final barrier to the $60K's. These are some steep levels bound to provide formidable resistance on the way to all time highs again. In conclusion, we are still bullish (very long term) of crypto, but anticipate a bumpy road for the beginning of 2022. Full disclosure: we are mostly cash (stable coins) at this point and waiting for BTC to test the levels mentioned before we take a position. Worst case, the market rallies without us, and we buy on dips on the way up to highs.
COINBASE:BTCUSDLong
by quantguy
2
Bitcoin Starts 2022 with MalaiseBitcoin has started the New Year with malaise, as it has continued to waiver in the range between $46.2K and $48.2K. This is a pretty narrow range for Bitcoin, which can easily span a whole $10K handle when the crypto market springs to life. However, we are holding a narrow range, with choppy trading and low liquidity, with the same weakness with which we concluded 2021. Thus, the risk is to the downside, as when the markets don't want to move with you, they are probably conspiring to move against you. We have levels in the mid $40K handle which remain to be tested, such as $45.0K, and $43.8K. Watch these levels for a potential buy-back on dips. We must solidly break $48.2K, then $49.7K before we can solidify the $50K handle. Stay tuned for a longer term outlook of what 2022 may hold for Bitcoin and crypto.
BITSTAMP:BTCUSD
by quantguy
QTUM at its core (up and down at the same time...?)QTUM has been trading inside this channel since the market drop in May 2021. It is now trading near one of its support zones. Over the next few weeks, QTUM will approach its long-term resistance (black line) which it has tested and failed to break over the past few months. This has resulted in the pair trading below the 100 and 200 day MA. It is overall bearish in the short-term until it can prove otherwise. QTUM's long-term support is currently holding and this idea is that the price could rise and break out of its resistance pushing toward the top of the channel. However, if this support does not hold (most likely due to a breakdown in the price of BTC) it could test the second support at ~5.46 which may be an even stronger entry point with a good return. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only! :)
by kush23456
Relief Rally in Bitcoin... Don't Get Excited Yet...We were calling a relief rally in Bitcoin and it appears as though we have finally seen it. It was paltry for a crypto rally, but it looks like this is all we have for now. Bitcoin spiked up to $48.2K, the exact level we identified yesterday. Subsequently, two red triangles on the KRI highlighted resistance at this level. We appear to be in the process of rejecting it back to support at $47.4K or $46.2K, where we will likely establish value into the New Year. If not, there is a vacuum zone above to $49.7K which is the final barrier to $50K.
BITSTAMP:BTCUSD
by quantguy
1
TOTAL - Keep An Eye on TOTAL!I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex. From a long-term perspective , the WEEKLY chart on the right, we all agree that we are still overall bullish. Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number. From a medium-term perspective, the DAILY chart on the left, we had a classic higher high, followed by a lower high, and then a break of the previous low. A classic market structure pattern, known as Head&Shoulders. After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows. That being said, we know that we are overall bearish, but what are the possible scenarios? Scenario 1: Projection in Purple A movement till the lower bound / brown trendline and green support zone is expected before the bulls take over by breaking above the red channel. Scenario 2: Projection in Blue A sudden shift in momentum, by an aggressive movement from here to break above the gray zone again, invalidating the red channel, signaling that the bulls are taking full control again. Which scenario do you think is more likely to happen? and Why? All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:TOTALLong
by TheSignalyst
14
What to Expect with the Bitcoin SelloffBitcoin has bottomed out for now exactly at our support level of $47.4K. We have been calling out this level for the past two days, so hopefully readers were prepared. What is concerning about this selloff is not necessarily the dump itself, but the lack of interest in buying it back. We did not see the pivot off $47.4K that would be expected if there were more buying interest. We are holding the very narrow range between $47.4K and $48.2K. The Kovach OBV has dropped precipitously, and flatlined. If we see another dump, then expect support at $46.2K, $45.6K, or $45.0K. If we catch a bid, there is a vacuum zone above to $49.7K, which is likely to be a ceiling for now.
BITSTAMP:BTCUSD
by quantguy
4
ADA: SHOULD WE WORRY?Hey guys, this is Julie 😄 Let's talk about ADA today: ADA is falling more than 6% today, should we worry about that? Honestly, I don't see any reason to worry, ADA is just in the 21 EMA region and today seems to be a red day for some cryptos as well, so it seems like a normal movement, I don't think it will fall again. As I said in my last analysis, it is very unlikely that ADA will trigger another downtrend because we have some interesting support levels holding it: Fibonacci 61.8% Green line support - I must say that I would be worried if ADA fell below the green line, but even if that happened, we would have the pink line support level (but it is VERY unlikely that ADA will reach that price). As I always say, I believe in ADA and I really think it will fly again; we just need some time for it to regain its strength. I am more interested in ADA's weekly chart, so let's wait and see how this chart plays out by the weekend. Thanks for reading! Follow me and like this idea, please! 😊 Have a nice day, bye!
BINANCE:ADAUSD
by Juliehodler
6
KSM - Long-term & Short-term RoadMap!Hello everyone, if you like the idea, do not forget to support with a like and follow. Long-Term: KSM is trading inside this giant symmetrical triangle in brown. As per my trading style, I will be waiting for a third swing to form around the upper brown trendline to consider it valid then buy on its break upward. (projection in purple) Short-Term: As KSM approaches the lower bound/brown trendline, I will be looking for buy setups on lower timeframes. Any bullish reversal setup like a double bottom, trendline break, and so on... 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
26
Bitcoin Dumps!! What's Next??We called it yesterday! Bitcoin appeared really top heavy in the low $50K's, and sure enough, we saw a big dump back to comfort in the high $40K's. Granted, this hardly qualifies as a 'big dump' for Bitcoin, but it's enough to dampen hopes for us to return to pump mode, for the moment. We mentioned that $52K seemed to be a barrier for BTC, with $52.8K the apparent ceiling. We did see BTC test $52K a few times, before rejecting these higher levels and smashing back down to $49.7K, where it continued to fall. It is currently finding support just above our level at $48.2K. We cited several more levels of support below this at $47.7K, then $46.2K, if the selloff is not finished. However, we appear to be finding good support at current levels, and are likely to hold here and perhaps range a bit before making the next move.
BITSTAMP:BTCUSD
by quantguy
MKR - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. MKR is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: MKR is forming a trendline in red but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, MKR would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
Can Bitcoin Sustain $50K??Bitcoin finally saw a pump last week back to the low $50K's. The Kovach OBV registered bullish as the buying continued in a zig-zag pattern from lows at $45.4K. However, we do appear to be facing serious resistance at the psychologically significant $50K handle, in particular $50.8K. There is a wide vacuum zone to $52.8K, our next target and the next technical level above. We will see if Bitcoin has enough momentum this week to break through, but it is looking technically weak, and is having trouble solidifying the $50K's, hence we can expect a retracement back to comfort in the $40K's. In particular, look for support at $49.7K, $48.2K, and $47.4K.
BITSTAMP:BTCUSD
by quantguy