Fan Crypto

2022-01-23 08:48:53 #Bitcoin- Dips under 35k seem to be bought

Yesterday I draw attention that a recovery could happen for Bitcoin .
Looking at the chart and at how it reacts under 35k, dips seem to be bought, although there is not high volume so far.
At this moment a temporary bottom seem to be found and BtcUsd can rise to test 38k zone
Although I will remain bearish in the mid-term, for speculative purposes, buying under 35k can be a good strategy.
A new low under 34k would negate this scenario Open / Comment

2022-01-23 07:52:15 Remember this?
It was on December 28, now even a month ago, when I called for 1.7T for the TOTAL
Now is 1.6 and although I think it will rebound these days, we are far from over

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2022-01-22 09:01:05 #Botcoin & #Ethereum outlooks

https://www.tradingview.com/chart/BTCUSD/hV2CJIwU-Bears-should-be-careful-of-short-covering-Btc-Eth-outlooks/ Open / Comment

2022-01-21 06:02:25 #Bitcoin- I've become from bearish to strongly bearish

Two days ago I closed my sell shorts expecting a relief rally and yesterday, after the break above 42500, I expected at least 46k resistance to be touched. Even I, as bearish as I am on medium-term, didn't expect such a strong reversal. And this quick fall to 40k again tells me one thing only, Bitcoin has more to fall.
From a technical point of view, Bitcoin has traded in a range in the past month, from 40 to 44k or so, and this rectangle should mean continuation once 40k is clearly broken.
The first clear support is at 35k followed by the strong 30k support. Bitcoin above 45k would put a stop to this scenario Open / Comment

2022-01-20 17:23:15 #Bitcoin- to break 42500 for a test of 46k

In yesterday's post I said that I closed my short trades and, although I'm not very bullish on the medium term, I expect a relief rally from Bitcoin and the crypto market in general.
After another dip under 42k, bitcoin found bids again and now is facing 42500 short-term resistance.
Bulls seem to have found themselves and I expect a break here.
The target can be 46k with negation under 41k Open / Comment

2022-01-20 13:55:05 #Ethereum- Higher low in place?

Although it has broken under 3200 support, losses for Ethereum are limited and I don't "see" much sell power.
The crypto may have found a new low above 3k and a new leg of correction to come.
I'm cautiously bullish at this moment with more confirmation above 3200.
A daily close above 3200 could expose 3600 important resistance and 3400 is now interim resistance.
A drop under 3k would put bearish scenario back in play. Open / Comment

2022-01-20 11:07:16 A lot of you have asked for a shorter period subscription
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2022-01-20 07:04:22 #Litecoin- New leg up to 180?

After finding a bottom at 120, LtcUsd has reversed and made a local high slightly above 150 figure. A correction followed and the price dropped again to 130 zone. Here Litecoin seems to have found bids and we can expect a new leg up from this crypto.
This leg up can drive the price to 170 resistance with an extension to 180.
I'm bullish as long as Litecoin stays above the recent low. Open / Comment

2022-01-19 18:44:05 #Bitcoin- Relief rally could come

Although in the medium term I think Bitcoin will drop under 40k, at this moment a relief rally has become very probable
BtcUsd already reversed twice from 41300 zone and has risen quickly the old support now resistance at 42500
At this moment there is an increased probability of a break up and Bitcoin can rise and test 46k
I'm out of my short trade at this moment and if things become more clear I'm looking to buy into this rally

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Mihai Iacob
Forex, Gold and Crypto trader Open / Comment