Fan Crypto

2022-09-19 08:46:23 Will Bitcoin drop under support?

Again, Bitcoin is under pressure, and, after an abrupt reversal triggered by CPI data last week, the main crypto si pressing in extremely important support that lies between 18000 and 18500.
The price action in the past 3 months is an H&S and a new drop is looming.
The target for this pattern is around 12k which coincides with a previous zone that acted as support or resistance.
As long as 21k is intact, bears hold the upper hand and only a daily close above this figure would lift some of the weight. Open / Comment

2022-09-19 07:23:10 Try to think like this on every trade you take in the market.
In time it will become your second nature and I can guarantee you that results will be fabulous.

https://www.tradingview.com/chart/EURUSD/7AfoZ3YN-Successful-traders-think-like-chass-players/ Open / Comment

2022-09-15 11:31:27 #EurUsd #Ethereum #Gold

In Focus video



Open / Comment

2022-09-14 13:14:24 #Bitcoin- A flower doesn't make it spring

In my previous analysis, I said that a break above 22k resistance could lead to further gains and a test of the next important resistance at 25k .
However, after the break and a local high of 22.700, CPI data from US triggered a massive selloff and Bitcoin dropped more than 10% from top to bottom.
Considering this false break, the large bearish engulfing , and the downwards direction of the trend, most probably Bitcoin will break also under 20k soon.
In my opinion, this will be Bitcoin's next move and a visit to the 18k previous low is now unavoidable.
Sell rallies against 22k is my strategy for BTC for the short term
In the longer term, a break under 18k would bring panic into the market, and 12.500 would be in focus next. (Considering my outlook for SP500 and other US indices this is a very probable scenario) Open / Comment

2022-09-14 12:45:57 #SP500- Doomed for a 500 points drop

In my yesterday analysis, I said that SP500 is facing a very strong sell zone above 4.1k and a drop is possible from now on.
CPI data triggered this drop and the index fell hard putting in an immense bearish engulfing on our daily chart .
I expect a resumption of the trend that started at the beginning of the year and is very possible for SP to visit the pre-pandemic high at 3.4k zone.
At this moment the price is 3950, just above confluence support given by the horizontal trend line and the rising trend line started in June and a corrective rally can follow.
This rally should be considered a good selling opportunity by traders and ONLY a break back above 4.2k would change this strongly bearish outlook Open / Comment

2022-09-13 07:14:51 #Litecoin can rise above 70

Since the 40 low made in mid-June, Litecoin has started to rise and made a high at 65.
For a month now the coin is trading in a range between that high and a low at 52 and with the lifted pressure from the crypto market this range can be broken to the upside.
In my opinion, dips under 60 should be bought in anticipation of an upbreak and continuation of the recent up reversal.
Bulls can target the resistance above 70 and negation of this scenario comes with a drop under rectangle's support Open / Comment

2022-09-13 05:53:36 #SP500 entering sell zone. 1:3 R:R can be achived

Last week I said that SP500 is drawing a nasty picture and although we can have a rebound from the recent ascending trend line , this will not change the longer-term bearish perspective.
Indeed, we had this rebound and now the SP500 index is trading in a very strong sell zone that is set between 4100 and 4200.
In my opinion, a reversal to the downside will follow from this zone and traders should look for selling opportunities.
This outlook is intact as long as the price is under 4300 and bears can target the previous low for their sell short trades. Open / Comment

2022-09-12 04:07:33 #Bitcoin- will it break above 22k resistance?

After the false break under 19500 support, Bitcoin has reversed strongly and has gained 10% in just one day.
Now the price is consolidating just under 22k resistance and a break above is probable.
The structure is bullish as long as the price stays above 20.400-20.800 zone support and dips towards this zone should be bought.
Next target for bulls is 25k zone resistance Open / Comment

2022-09-11 09:17:02 My opinion for long term BTC

https://www.tradingview.com/chart/BTCUSD/qu8X9cuj-Bitcoin-Is-this-a-genuine-reversal-25k-holds-the-key/ Open / Comment

2022-09-09 06:11:16 #Bitcoin- Was the recent break a false one? Will Btc rise to 25k?

Since the recent high at 25k and the break under the rising wedge , Bitcoin has fallen, but the drop is in steps, with tight lows, and is drawing a falling wedge .
All this for me suggests no selling power at this moment and bullish accumulation on levels.
The recent drop under 19500 support can very well be a false one and a break back above would confirm this outlook and give scope to continuation to at least 22k.
In the longer term, the price can even rise to 25k and swing traders can have a 1:4 R: R on their trades considering a stop loss under the recent low. Open / Comment