Athbreakout
2017 vs 2021 BULL RUN - we are still in for a move towards 230KDear all,
Prior to the big 2017 rally, a similar downtrend was seen just like we saw when the 64800 ATH was reached and retraced. We are now re-testing the previous ATH (will break soon, with some expected pullbacks). When this happened in 2017, the price rallied 715% to the peak. This would bring us in the current run towards the 230000 dollar levels.
Enjoy the ride,
Best,
Y
Bitcoin daily 19/10/2021Situation on bitcoin.
Price is very close to ATH. Weekly candle close (with body) above 60k. This level is very important - now is 60k strong support.
Next strong support level is around 57k.
If you check also simply trendlines, you can see that price goes more and more parabolic.
This is good but very dangerous. Crash could come very easily and price can drop down very fast.
What to trade? Currently is not any trade setup on bitcoin. It is better to focus on altcoins and wait for the pause of bitcoin rally and take some alts
$BTC NEW ATH INCOMING?!Btc looks really bullish on the rsi and the chart looks really bullish however I do expect a new ath in the coming days or maybe weeks and then altcoins will follow ahead. Short btc.
Many believe btc is creating a head shoulder pattern which is also possible.
One last chance to buy before new ATHLooking at the chart, I think we will have a small correction if we are looking at the moon phase !
The target for the small correction would be around in my Fib. box's level !
If we have this small correction, it would be a great place to put on a long lev. trade #NFA
After testing it, BTC will be on the move !!!
But to be save, a trade would be much more confirmed if BTC can already made its previous ATH as its support... (much saver and guaranteed this way)
It will be a great ride as there's no Volume trade in VPVR above the current ATH...
#NotFinancialAdvice
and Trade with your own risk...
If you are looking to put more into your position (hold), just scale it, and be patience..
This last 3 months will be a great months !!!
Total Market: Cup and Handle and Inverse Head and ShouldersWill new money come in to the market? The cup and handle + plus inverse head and shoulders suggests there is blue sky above.
ETH Inverse Head and Shoulders is ReadyChart explains it all. Looking to see ETH at $4500 if this inverse head and shoulders plays out.
BITCOIN IS ABOUT TO PUMP HARD! My thoughts for the coming days.Namaste.
Getting straight to it.
Looking at the daily chart we can see that Bitcoin formed a very interesting Death Cross on the 30th of April which sent Bitcoin price violently down.
The procedure was also aided by another two Death Crosses formed on 24th of May and again 13th of July with the last one sending the price to its historical previous lows AND support levels at which point the bulls put a stop on it and took over.
Take note that the entire procedure took 81 days and sent the price of Bitcoin down by a whopping 50% !!!
Shortly after that, on the 3rd of August a Golden Cross was formed followed by an almost immediate break out of the resistance (Red line) opening the door to testing the previous ATH.
Another Golden Cross was formed on the 19th of August which is still active.
Currently the price broke below its current support line (Green) and its testing it for a breakout above.
Take note that after the price broke out below this trend line it has on both occasions found support at the 25 (Blue) and 200 (Pink) SMA levels.
Looking at the uptrend caused from the 3rd of August we see a 29% increase in 14 days and from the one from 19th of August which is still very active is a 10% increase in 15 days and its still going.
A total of 31 days so far and an increase of 39%.
If the price breaks above the current resistance (Green line) and maintains that level (retests and holds strong) and if we see the RSI breaking above its current resistance (Red line), I believe we will see a third Golden Cross (Red 100 SMA over Pink 200 SMA) which by then the price should have already tested the previous ATH and would be ready to create and all new and fresh ATH.
FOR ALL THE BEARS OUT THERE:
Looking at this from a bearish view.
Should the case be that the price is rejected from the current resistance level and starts dropping and IF a candle closes below the 200 SMA (Pink) with high Volume (this is important as recent candle close below had low volumes) then to me its a signal that we are in BEAR MODE. I would be shorting at this point and/or waiting to buy in (Green targets).
SUMMARY:
BULL MODE: My targets are in Red.
BEAR MODE: My targets are in Green.
This is just my thoughts and NOT a trading advice.
Do your own due diligence and if you find you agree with my idea then it is up to YOU how you choose to invest your capital.
MAKE SURE YOU HAVE A STOP LOSS.
Have a great one :)
Tata Power - Wedge Breakout- Target 175Tata Power has strong momentum with volume rise. It has given Wedge Breakout, as it has surpasses ATH and it is likely to reach 172-175 by Monday.
Sectoral tailwinds are in favour, keep stoploss at upper trendline
pump it to mid 50k / bear-trap it to neckline, make Christmas...pump it up to mid 50k bear trap it to neckline, send it back to consolidate, make Christmas great again!
XRP RippleRipple has proved himself to us. ripple has 4th place on the crypto market and has a market cap at 60B right now. half of the supplies have been released. if they gonna release more supply it gonna get the way to 4$ harder, I mean it gonna need more time. but otherwise, it's easy for ripple to break the ATH and up to 4$.
ETH Broke the ATH! Price Action Scenarios Hello, guys!
Today the ETH price clearly broke the ATH level. It formed the ascending triangle and broke through it. This bullish sign have the target of triangle's height, which corresponds to $1770.
The second potential target is $1900 which is the R2 pivot level.
Which scenarios could play out here?
Scenario 1. Price now is on R1 pivot level $1620, if it is able to close above it we can see the fast first target reaching. After, if the price find support above R1 the next move can be to the target 2 ($1900).
Scenario 2. Price will not be able to break the R1 now and bounce off it to the ATH level, but this is strong support and price growth continue to the targets.
We will monitor price action and do updates.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
