Klondike (Crypto Rush) ⚠️

2023-05-01 14:27:55 BTC UPDATE

Consolidation continues...

The price dumped to the $28,450. We may see a continuation of this decline down to $27,100 support.

More to say, the FOMC meeting and Fed’s interest rate decision is scheduled for the 3rd of May. This weekly promises to be highly volatile.

If these events will do nothing to push #DXY upwards, chances of going upward will significantly increased. The target of this upward movement will be in the $32,500 - $33,000 zone. Otherwise, the local trend will be broken.

As long as we stay above the $27,000 level, the priority remains upwards. Open / Comment

2023-04-30 20:10:46 #MATIC UPDATE

The price is consolidating above the $1 support for a while. This is a good time to start following the chart, since very soon we will get a good chance for a new trade. What is the plan?

There is an ascending channel, it is already almost broken downwards. If we see a confident breakdown of the $1 support, it is an opportunity for an easy SHORT! Because there are almost no supports below the current price level.

What about buying? It makes sense ONLY in case of $1.22 resistance breakout. As for now, chances of going there are quite low. Open / Comment

2023-04-30 15:07:25 ALTCOIN DOMINANCE GLOBAL UPDATE

As you can see, an Altcoin Dominance moves quite symmetrically and cyclically. There is an ascending channel that started forming back in 2016 and is still valid.

Currently, we are close to the down border of the channel. I told that altcoins moves "cyclically" because they are also play around the Bitcoin's Halving:

- Usually, they reaches the bottom 8-9 months before the halving and the top 11 - 12 months after the halving. At the moment we have 11 months left before the 2024 halving.

At the moment we just need to wait for the dominance to reach the bottom of the ascending channel. Once it will be done, we will need to look for a new narrative that brings us the biggest profits! We are close. Open / Comment

2023-04-28 18:17:23 BTC MONTHLY UPDATE

There are two important monthly levels that we need to engulf: the first one is $29,250 and the second one is $31,780.

Closing monthly candle above the first one would be still bullish, but more neutral. However, if the price manages to close above the second level…

The next month will have all guarantees on becoming very bullish! Open / Comment

2023-04-28 15:06:02 #INJ UPDATE
Many of you asked for the update, so here it is!

There are two strong levels: support at $7.4 and resistance at $9.7. Currently the price is stuck between these two ones.

Overall trend is strictly bullish and supported by an ascending trend line. As long as it holds the price — you should play with LONGs only.

However, if this trend line will be broken downwards, there will be a chance for a juicy SHORT.

We will also buy some at $7.4 support (if it will be reached). Open / Comment

2023-04-27 15:18:10 BTC UPDATE

I prefer to check the chart without yesterday Pump&Dump manipulation. As soon as we erase it, everything becomes more clear.

We have an upside movement, the strong resistance of $28,450 was broken upwards.

Now the resistance is $29,100. If we break it, the way up to $31,000 will be clear. Open / Comment

2023-04-26 23:05:44 Bitcoin is making another unexpected move. Reached our take profits at $29,500 (wrote about them in the previous update) and dumped.

The support of $27,100 is still valid. As long as it holds the price — the bullish trend trend is safe.

We need to see a daily closure. Open / Comment

2023-04-26 14:56:11 BTC DOMINANCE UPDATE

I am not rushing into Altcoins for now. The dominance is forming a H&S pattern above the 47.3% support level.

Once this support is broken downwards, we will go all in altcoins. As for now, holding them with just 20% of the deposit.

The majority of the deposit is in Bitcoin and Ethereum. Open / Comment

2023-04-26 13:48:10 BTC UPDATE

It was an easy play, bought a bag near the $27,100 support level and now just enjoying the pump.

Talking about further plans, we have all chances of going to $31,000 to test it once again.

If you bought at the support, you can also consider $29,450 as a first take profit level. Open / Comment

2023-04-24 22:10:53 BTC UPDATE

This is the 6H chart, as you can see the price is consolidating above the $27,100 support for a while.

As I said in the previous updates, our goal is to buy the bottom. We may see a fake breakdown to $26,100 - $26,500 now, but we are going to use it just for buying.

This setup will be invalidated only if the price stays below the $26,500 for a long time. In this case the trend will be lost.

Otherwise — up only. Open / Comment