Our recent trade in BNB has been very profitable ? and we share a follow up trade below as there is another bullish entry setting up with even higher targets.
BTC WEEKLY CHART NOW HAS THE BALL
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Who?s Right ? BNB or XLM?
There?s been a strong move in cryptos so far today, and for most large cryptos it?s been to the downside. Most notably, leaders BTC and ETH are testing key support levels with slightly higher volume.
Waiting for a Catalyst
The crypto market is clearly waiting on SOMETHING.
Crypto Canary in a Coal Mine?
The highest probability path for BTC and the crypto market continues to play out which is LOWER PRICES as detailed in yesterday?s post.
Patterns Confirming
Today, nearly the entire crypto market is moving lower with higher volume so far ? that?s what a real move looks like so time to make sure your trade strategies are dialed in to stay safe.
Important Indicators for BTC and ETH and the Crypto Market
We shared clear signs of volatility for BTC and Altcoins ? but so far there has been little volatility. The market could be coiling up for a huge move coming soon (as we shared on BTC chart in prior post shown again below) or it could mean we?re still in the ?consolidate and drop? pattern we saw during most of 2018 ? most notably at the $6000 level.
Volatility Returning to Crypto ? Time to Go?
We?ve seen the increased volatility that patterns called for in our last post, but so far it?s been a headfake down for BTC then right back up above key $3500 support. It?s possible they?ll just keep playing games with BTC around the $3500 level?
Battle of the Patterns
In our last post, we saw bullish signs on a weekend which have been rarely seen since the bear market of 2018 began. The rest of weekend trading saw price fall back but volume stayed relatively strong. Something?s up?.
Smaller Cap Altcoins Getting Attention
BTC has held above $3500 as patterns indicated, but we?re far from seeing “bullish follow through? ? yet?
Bitcoin Trading Day
Bitcoin’s drop below $3500 yesterday was part of a sharp drop throughout the crypto market that may have had something to do with news about artificial price pumping in large altcoin Tron, however from a technical standpoint a fast drop for Bitcoin was also anticipated on any drop below the strong support built at $3500.
New Year New Patterns
There?s been little to discuss in the crypto market over the last week, but that may be changing soon.
TRADES WORKING ? SO FAR?.
We?ve had some nice trades recently that had large returns in a very short time ? specifically BSV and FCT, but it?s been a LONG time since ALL the safe trades we share are profitable, but that?s what happened since our last post. It?s a bullish sign that smaller and midcap cryptos are moving up ? and some are moving up quickly.