And just a little update to LBRY coin.
I think we forgot 2017 and moon missions that were happening.
This coin has a perfect competitor (YouTube), a perfect reason for the hype (YouTube deleting videos) and extremely low market cap.
This is not financial advice but I see this coin making 3x easily.
It just made 20% in the last 3-4 hours and hype didn’t even start.
I think we forgot 2017 and moon missions that were happening.
This coin has a perfect competitor (YouTube), a perfect reason for the hype (YouTube deleting videos) and extremely low market cap.
This is not financial advice but I see this coin making 3x easily.
It just made 20% in the last 3-4 hours and hype didn’t even start.
Looking at the current situation on Twitter, more and more content creators are moving to LBRY from YouTube.
This project has enormous potential especially after seeing all these big guys actually moving and using LBRY.
It’s not one of the shitcoincs that has idea on paper.
They have live project that’s doing great and market cap is still below $10 million.
The potential is huge, that’s all I can say!
This project has enormous potential especially after seeing all these big guys actually moving and using LBRY.
It’s not one of the shitcoincs that has idea on paper.
They have live project that’s doing great and market cap is still below $10 million.
The potential is huge, that’s all I can say!
ETHUSD chart is forming a bullish price pattern in the important support area of $120.
Since ETHBTC pair doesn’t look bullish, this adds up to our bullishness on XBTUSD because, in order for ETHUSD to go up, either ETHBTC or XBTUSD has to go up (or both of them in the best case).
One more reason why we still think that Bitcoin has reached the bottom of this downtrend and that some bullish action is right behind the corner.
Since ETHBTC pair doesn’t look bullish, this adds up to our bullishness on XBTUSD because, in order for ETHUSD to go up, either ETHBTC or XBTUSD has to go up (or both of them in the best case).
One more reason why we still think that Bitcoin has reached the bottom of this downtrend and that some bullish action is right behind the corner.
Crypto Signals
Bitcoin got rejected from $7700 and it’s currently at $7300 (mentioned support in one of the previous updates). In my opinion, the green area is for buying targeting a breakout of $7700 that would lead $8500. Great setup and target with the opportunity to…
The green area is still holding, but I have to be honest and admit that I don't like so many tests of this area because the more time it gets tested, the weaker it becomes.
This adds up to the fact that we are still in a downtrend (obvious lower lows and lower highs).
But, as long as the green area holds, the price has more chances of going up.
Once we start close below the green area, we can see a potential test of $6500 for the third time.
This adds up to the fact that we are still in a downtrend (obvious lower lows and lower highs).
But, as long as the green area holds, the price has more chances of going up.
Once we start close below the green area, we can see a potential test of $6500 for the third time.
Crypto Signals
ETH 🚀
After breaking out of the falling wedge, it went back to perfectly test the broken resistance and turn it into the support.
So far, this setup is playing out perfectly and targets are still in the red area.
So far, this setup is playing out perfectly and targets are still in the red area.
But we have to be cautious about this ETHUSD trade because, at the moment, it also looks like the perfect corrective wave of the big impulsive wave down.
That's why we can move the stop loss to the break even or just below the support of this rising wedge.
If we stop closing below that area, we can go for a test of the low $115 and probably even lower.
That's why we can move the stop loss to the break even or just below the support of this rising wedge.
If we stop closing below that area, we can go for a test of the low $115 and probably even lower.
Crypto Signals via @vote
Will the price of Bitcoin go above $20k and reach new all-time high in 2020?
anonymous poll
Yes! – 277
👍👍👍👍👍👍👍 53%
No! – 172
👍👍👍👍 33%
I have no idea! – 73
👍👍 14%
👥 522 people voted so far.
anonymous poll
Yes! – 277
👍👍👍👍👍👍👍 53%
No! – 172
👍👍👍👍 33%
I have no idea! – 73
👍👍 14%
👥 522 people voted so far.
Fake break from the range and an instant move back in the range.
This is a big fakeout that found support at the 61.8% fib level and also an important price point from the past (green area).
Where next?
This is clear signs of strong buying pressure and I think from this point we’re going up.
Support $7100 and first major target $7700.
This is a big fakeout that found support at the 61.8% fib level and also an important price point from the past (green area).
Where next?
This is clear signs of strong buying pressure and I think from this point we’re going up.
Support $7100 and first major target $7700.
Bitcoin is looking good, especially because of the weekly timeframe I'll post down below.
If we get a higher close on a daily timeframe (roughly above $7510), we can expect continuation and test of the resistance zone $7700.
If we don't see a breakout on the next touch of that zone, we expect to see that breakout on the next test that would happen afterward.
If we get a higher close on a daily timeframe (roughly above $7510), we can expect continuation and test of the resistance zone $7700.
If we don't see a breakout on the next touch of that zone, we expect to see that breakout on the next test that would happen afterward.
Fundamentally looking, Bitcoin is bullish.
The reason is the current situation between the US and Iran.
When there is a conflict between two world-leading countries, assets that are considered as a store of value usually gain in value because both sides are scared of a potential decrease in value of their national currencies.
Look at the Gold price action.
Gold is currently at its highest point since 2013!
No, I am not calling new all-time on Bitcoin but just that I also expect positive price movements because of both fundamentals and technicals.
The reason is the current situation between the US and Iran.
When there is a conflict between two world-leading countries, assets that are considered as a store of value usually gain in value because both sides are scared of a potential decrease in value of their national currencies.
Look at the Gold price action.
Gold is currently at its highest point since 2013!
No, I am not calling new all-time on Bitcoin but just that I also expect positive price movements because of both fundamentals and technicals.
Great weekly opening for bulls!
As we can see, we started this week with great bullish pressure in the market.
Stops for longs should be below weekly opening because we’re approaching resistance and potential rejection can go all the way down to $7300 without damaging a higher timeframe bullish structure.
No, I’m not bullish at resistance but just enjoying longs opened near to support.
Once we hit resistance, I will surely take profit and wait for the next opportunity.
As we can see, we started this week with great bullish pressure in the market.
Stops for longs should be below weekly opening because we’re approaching resistance and potential rejection can go all the way down to $7300 without damaging a higher timeframe bullish structure.
No, I’m not bullish at resistance but just enjoying longs opened near to support.
Once we hit resistance, I will surely take profit and wait for the next opportunity.
Target hit ✅
We’re now at higher timeframe resistance that can be broken of course but I’m out of longs and waiting for next setup.
Same as we can see a breakout, we can see rejection and move back in the range.
I’m more bullish than bearish but holding longs into resistance is not a good risk reward in my opinion and that’s why I'm out waiting for the next trade setup.
We’re now at higher timeframe resistance that can be broken of course but I’m out of longs and waiting for next setup.
Same as we can see a breakout, we can see rejection and move back in the range.
I’m more bullish than bearish but holding longs into resistance is not a good risk reward in my opinion and that’s why I'm out waiting for the next trade setup.
If you see price dropping down to even $7500, there’s still nothing to worry about.
Bearishness will be active again only if price drops and closes below $7500.
Only in that case we will be back in the range and this move up would be a fake.
Everything else is positive and you have nothing to worry about.
Close above green area and we will be at the beginning of higher timeframe trend reversal.
In that case, we can target prices above $9000.
Bearishness will be active again only if price drops and closes below $7500.
Only in that case we will be back in the range and this move up would be a fake.
Everything else is positive and you have nothing to worry about.
Close above green area and we will be at the beginning of higher timeframe trend reversal.
In that case, we can target prices above $9000.