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#BTC/USDT 4H
https://www.tradingview.com/x/HUlWjGiK/
Bitcoin beautifully completed my previous analysis.
20% profit on spot pair 🥂
The momentum looks still very strong so I expect new leg up to aim $35k level after some correction.
Let's see how it goes :)
By @CryptoCrownTM
#YGG/USDT 12H Update
https://www.tradingview.com/x/JCuLlMNu/
Yield Guild Games is going well as we planned.
It reaches the blue resistance zone and it receiving some selling pressure.
It already made 24% profit, so I think we should take some profit here.
I am closing 30% of positions here and waiting above targets.
By @CryptoCrownTM
#FTM/USDT 4H Update
https://www.tradingview.com/x/0moAzTLE/
Fantom is recovering fast.
I finally reached our target 1, 22% profit.
You can close half of positions here :)
By @CryptoCrownTM
#STX/USDT 8H Update
https://www.tradingview.com/x/Sx74ia6N/
Boom 💥
Stacks broke the trend line and is showing pumping immediately.
22% profit if you followed our strategy 🥂
By @CryptoCrownTM
#STX/USDT 8H
https://www.tradingview.com/x/Xqjdf30L/
Stacks is in my watchlist now.
It has taken enough retracement from its recent big gains and now appears to be nearing its end.
We can have two easy strategies.
When price breaks the red trend line, we can take buy positions because breaking the trend means one correction wave has done.
But if price fails to break the trend line and drops, we can take buy positions in the strong support zone, between the $0.38 to $0.44.
I will update again when one of the two is decided.
By @CryptoCrownTM
#YGG/USDT Update
https://www.tradingview.com/x/ri79oziI/
It's close-up chart of Yield Guild Games.
It is showing pretty good reaction immediately. That may seem pretty small, but it showed a significant rebound of 10%.
To manage risk, I recommend taking a small profit and changing the stop loss to the previous low of 0.1140.
Still, my view on this coin has not changed, but consider the overall market situation and trade safely.
By @CryptoCorwnTM
[ ETH DAILY UPDATE / 2023 - 06 -17 ]
SHORT TERM SUPPORT & RESISTANCE
🟢 Support Price
➡️ 1. $1,685
➡️ 2. $1,605
🔴 Resistance Price
➡️ 1. $1,745
➡️ 2. $1,780
➡️ 3. $1,825
➡️ 4. $1,860
INDICATOR ANALYSIS
📈 RSI (14)
↪️ There is no bearish divergence yet, but it already reached the overbought level. Correction can come anytime.
📈 Stochastic (5 3 3 - For Short Term)
↪️Short term indicator has started correction and it made dead cross, but the market's flow is being changed too fast, so short term indicator looks not good to consult in currently market.
📈 Stochastic (5 3 3 - For Short Term)
↪️Long term indicator looks important, it already reached the overbought level, but it's still maintaining the golden cross. As long as golden cross is maintained, the selling pressure can not be strong, but if it makes dead cross at the overbought zone, at least, the time correction is needed to cool the technical indicators.
SUMMARY & STRATEGY
Prior to analysis, If you understand the overall market flow, trading is not as difficult as you think. And the stochastic indicator is good for understanding overall market flow.
For example, when it makes the golden cross at the oversold zone, we can think that at least selling pressure is waning, when it makes dead cross at the overbought level, we can think that it will have time or price correction soon.
It can't always be the correct answer, but we can know about approximate timing, that's why I am using stochastic indicator for daily analysis.
Right now, as I said above, the short term stochastic indicator looks not meaningful. But long term stochastic is moving above the overbought zone.
We have to keep in mind that correction can come anytime. Keep track of whether it forms a dead cross or not.
If it makes dead cross, we might see the price or time correction at least.
But taking the sell positions looks not good idea. You can see white bearish trend line on the chart.
The price is close to that trend line, and the momentum looks enough to break it, so betting on sell position looks no reasonable.
Rather, you can try to take buy positions at the support price when it gets correction.
Chart Link (High Quality)
By @CryptoCrownTM
[ BTC DAILY UPDATE / 2023 - 06 -16 ]
SHORT TERM SUPPORT & RESISTANCE
🟢 Support Price
➡️ 1. $25,350
➡️ 2. $24,920
➡️ 3. $24,700
➡️ 4. $24,100
🔴 Resistance Price
➡️ 1. $26.150
➡️ 2. $26,800
➡️ 3. $27,230
INDICATOR ANALYSIS
📈 RSI (14)
↪️ RSI made the bullish divergence due to last drop, Until the overbought level It has still have space to go up.
📈 Stochastic (5 3 3 - For Short Term)
↪️Short term stochastic already reached the overbought level, so we might see dead cross and some price pull down.
📈 Stochastic (5 3 3 - For Short Term)
↪️Long term stochastic made the golden cross, due to it just made golden cross, It still has some more time to go up for the next 2 ~ 3 days.
SUMMARY & STRATEGY
Our previous buy strategy worked very well, all three indicators met the conditions I talked about in the last analysis and price is showing recovery.
As we saw above, short term stochastic is alluding correction, but long term stochastic is still supporting by buyer side, so we might see some correction, but after small correction, we can see one more upside movement.
I expect that price reaches the trend line that is marked on the chart as white.
For the next 2 ~ 3 days, taking short positions prematurely can be dangerous.
Chart Link (High Quality)
By @CryptoCrownTM
[ ETH DAILY UPDATE / 2023 - 06 -15 ]
SHORT TERM SUPPORT & RESISTANCE
🟢 Support Price
➡️ 1. $1,685
➡️ 2. $1,605
🔴 Resistance Price
➡️ 1. $1,780
➡️ 2. $1,825
➡️ 3. $1,860
INDICATOR ANALYSIS
📈 RSI (14)
↪️ There is nothing special about RSI right now, but if it drops one more time and makes new low, the bullish divergence will be confirmed.
📈 Stochastic (5 3 3 - For Short Term)
↪️Short term stochastic is very complicate now, there is nothing special about short term stochastic indicator.
📈 Stochastic (5 3 3 - For Short Term)
↪️Long term stochastic is maintaining gold cross but price is still failing to go up. It means the selling pressure is seizing the market. It's hard to say that we will see strong rebounding right now.
SUMMARY & STRATEGY
As I said before, the selling pressure is still high in the market, but there will be one chance to take buy setup I think.
If price drops one more time and makes new low, the RSI bullish divergence will be confirmed and at the same time, price might reach around the $1,685, the support price.
When it happens, I think we can try to take buy position as a scalping trade, not a swing trade.
When you take the buy positions, don't maintain buy position as a swing positions. Take profit partly at every small green candle.
Chart Link (High Quality)
By @CryptoCrownTM
#FTM/USDT 4H
https://www.tradingview.com/x/vBxCufPP/
Fantom gave good profit many times with our analysis.
Here is new analysis for this coin.
In last drop, Price reached the good support zone that is marked on the chart as blue area.
It looks it is close to reversal or already reversed.
You can take some buy position when is shows pull - back below $0.22.
The targets are very clear on the chart, $0.30 - $0.39.
By @CryptoCrownTM
#MATIC/USDT 4H Update
https://www.tradingview.com/x/WNZwTu3m/
As I said, it was not time to sell.
Polygon is showing great rebounding from the blue support level.
Already 16% without leverage :)
You can start to take profit from here.
By @CryptoCrownTM
#SOL/USDT 4H
https://www.tradingview.com/x/tw5NN0Zm/
I know that most of altcoins are being suffered a lot now.
But Altcoin's charts are under someone's control.
As you can see Solana chart, the last drop stooped by important support level.
If price supports here, we can even see new rally from here.
Firsst, don't be panic, and relax now.
By @CryptoCrownTM
#OCEAN/USDT 1D Update
https://www.tradingview.com/x/bBb65ied/
We had bullish view on this coin because it breaks the bearish trend line.
But, It broke the trend line below again.
Now, it's on the short term support level, and I have two scenario right now and it's marked on the chart.
The overall view is still bullish on this coin, but there is possibility that it can touch below $0.3 before going up.
As I said, if you didn't use leverage, you can hold this position.
But if you are in leveraged position, you should lower your risk.
By @CryptoCrownTM
#OP/USDT 8H
https://www.tradingview.com/x/C7oqzHFN/
Simply, I have this two scenarios on Optimism.
Optimism had pretty painful drop based on unlocking issue.
But price has already reached important support zone and made bullish divergence on daily time frame.
So we can see some retracement rally, but I can't sure it will be just retracement or starting of new rally.
Anyway, we might see some recovery on this coin in few days :)
By @CryptoCrownTM
#IMX/USDT 12H
https://www.tradingview.com/x/yh7vX5sI/
This coin is close to breakout of the trend line.
Simply, I expect new leg up on this coin.
Targets and Invalidation price is very clear on the chart.
By @CryptoCrownTM
[ BTC DAILY UPDATE / 2023 - 06 -22 ]
SHORT TERM SUPPORT & RESISTANCE
🟢 Support Price
➡️ 1. $29,090
➡️ 2. $28,020
➡️ 3. $27,230
➡️ 4. $26,160
🔴 Resistance Price
➡️ 1. $30,960
➡️ 2. $31,330
➡️ 3. $32,380
INDICATOR ANALYSIS
📈 RSI (14)
↪️RSI didn't make bearish divergence, but it's in overbought zone. It will back to normal zone soon or later.
📈 Stochastic (5 3 3 - For Short Term)
The short term stochastic is rising through pumping and falling through correction. The short term stochastic is rising through pumping and falling through correction. It means the bull's momentum is very strong.
📈 Stochastic (5 3 3 - For Short Term)
↪️The long term stochastic just made the dead cross. It can be interpreted as a bullish wave nearing its end.
SUMMARY & STRATEGY
Bitcoin quickly recovered the $30,000 price range.
As you can see from the short term stochastic indicator, bull momentum is very strong.
However, the long term stochastic indicators suggest that this bullish wave is almost over and a correction is about to begin.
But, Taking a sell position in strong momentum is very risky.
The best response would be to reduce the buy position you have.
Chart Link (High Quality)
By @CryptoCrownTM
#BTC/USDT 4H Update
https://www.tradingview.com/x/z3QcpL3R/
Half of my target is done, +10% ✅
You should take some profit here if you took buy positions :)
By @CryptoCrownTM
#ETH/USDT 4H
https://www.tradingview.com/x/TTYE0unJ/
I think I have to update Ethereum too like yesterday's Bitcoin view.
There is nothing to explain, I think we are in the correction zone and Ethereum will once again try the $2,000 zone.
See chart for detailed scenario :)
By @CryptoCrownTM
#BTC/USDT 4H
https://www.tradingview.com/x/YPdA0dDq/
Bitcoin chart is always too complicate, but here is my idea about Bitcoin.
I think we were in the correction area and are close to the end of this correction.
Price already reached 0.5 of FIB and important support area, the $23,900 ~ $25,200.
Price is getting correction right now, but the momentum looks not sellers side, so I think we can see one more leg up.
I expect at least $32,000, soon.
Today's daily bitcoin update supersedes this analysis :)
By @CryptoCrownTM
[ BTC DAILY UPDATE / 2023 - 06 -18 ]
SHORT TERM SUPPORT & RESISTANCE
🟢 Support Price
➡️ 1. $26,150
➡️ 2. $25,350
➡️ 3. $24,920
➡️ 4. $24,700
🔴 Resistance Price
➡️ 1. $26,820
➡️ 2. $27,230
➡️ 3. $28,000
INDICATOR ANALYSIS
📈 RSI (14)
↪️RSI made the bearish divergence at the overbought level, after making the bearish divergence, it backed to the normal level.
📈 Stochastic (5 3 3 - For Short Term)
↪️Short term stochastic is very complicate right now. It is repeating up and down. Similar to yesterday's ETH, it doesn't seem to mean much.
📈 Stochastic (5 3 3 - For Short Term)
↪️Long term stochastic is not supporting as a buyer side, It already made the dead cross from the overbought level, but despite it made the dead cross, price is still stable. So it can be just time correction not a price correction.
SUMMARY & STRATEGY
In the previous analysis, we expected that price reaches the white trend line. Finally price reached the trend line and even breaks the trend line. Right now, it touched the resistance price, the $26,800.
However, despite making a dead cross in the long term stochastic indicator, the momentum is still quite strong, seeing that the price range is still maintained.
I can't say it's right to take an additional buy position right away because the price has already risen considerably, but at least considering the momentum, don't try to take a short position hastily.
I think it still have enough momentum that can reaches higher resistance price.
The price that you can try short position is at least over $28,000, unless it comes, taking the short position hastily can be hunted by strong momentum.
Chart Link (High Quality)
By @CryptoCrownTM
#OCEAN/USDT 1D Update
https://www.tradingview.com/x/XHKliCui/
We had two scenarios in last analysis.
It had pretty strong dumping, but it kept the blue support zone as a closing price.
Price already bounced 30% from the our support level.
The scenario that is marked on the chart as arrow is still valid.
I am still expecting that it reaches above resistance level, $0.58 - $0.70.
By @CryptoCrownTM
#YGG/USDT 12H
https://www.tradingview.com/x/e8anQ2b6/
Yield Guild Games is very weak coin, it even made new low by last drop.
But it already made 3 drives pattern, and the selling momentum is no longer strong.
I think we can see some price recovery from here.
I marked what I am expecting now on the chart.
You can take buy positions based on this analysis.
Targets are very clear on the chart :)
By @CryptoCrownTM
According to your voting results, I have prepared a BTC Daily Update.
If you like it, please leave a reaction to the post.
If your response is good, I will upload it steadily :)
[ BTC DAILY UPDATE / 2023 - 06 -14 ]
SHORT TERM SUPPORT & RESISTANCE
🟢 Support Price
➡️ 1. $25,350
➡️ 2. $24,920
➡️ 3. $24,700
➡️ 4. $24,100
🔴 Resistance Price
➡️ 1. $26.150
➡️ 2. $26,800
➡️ 3. $27,230
INDICATOR ANALYSIS
📈 RSI (14)
↪️ There is nothing special about RSI, But it is at a pretty low position and we need to wait for it to form a bullish divergence.
📈 Stochastic (5 3 3 - For Short Term)
↪️Short term stochastic made a golden cross, and this indicator is expected to rise slightly. However, since this is a short-term indicator, it should be interpreted together with the long-term indicators below.
📈 Stochastic (5 3 3 - For Short Term)
↪️Long term stochastic recently made a dead cross, and still has room to fall down. Considering that the chart is 1 hour candle chart, the selling pressure is expected to continue for few days.
SUMMARY & STRATEGY
Taking a buy position on every small drop is risky as long-term stochastic indicators still have a lot of room to fall.
It seems appropriate to take a buy position when both stochastic indicators start to rebound below 20 and the RSI indicator forms a bullish divergence.
Chart Link (High Quality)
By @CryptoCrownTM
#MATIC/USDT 4H
https://www.tradingview.com/x/MMZ78sIn/
Same on the Polygon.
As you can see on the chart, RSI is deeply oversold and price already reached the important support zone.
I can't sure if it will go up or not, but I can surely tell that it's not time to open sell positions about altcoins.
You can even try to open buy setup with stop loss below blue support zone without leverage.
By @CryptoCrownTM
#ALGO/USDT 1D
https://www.tradingview.com/x/PI4xCreJ/
Algorand is showing very weak performance in the market now...
It returned all its past gains, and price is close to previous 2020 low.
Surely, It's not strong coin, good coin or attractive coin.
But, I don't think it will break previous low before it have some pull-back rally.
I am expecting great retracement rally on daily time frame.
You can start to open buy position in blue support area without leverage.
The targets are very clear on the chart.
By @CryptoCrownTM
#OP/USDT Update
https://www.tradingview.com/x/SxkxHCO1/
Despite Bitcoin made new low, Optimism is showing good recovering momentum after reaching bottom of support level.
My view is still same unless the blue support level is broken.
By @CryptoCrownTM
#LTC/USDT 12H
https://www.tradingview.com/x/e1dzHbZQ/
I think many of here are interested in Litecoin because it's showing strong movement based on halving good news.
Here is the what I am thinking about Litecoin.
It can have some more space to go up, but I don't think it can keep strong rally after halving.
It's forming diametric pattern, so after completing this pattern, I think it will have deep correction.
So, be careful about your buy position on this coin.
This is not buy or sell signal, but if you want to take position based on this analysis, try sell position only in resistance area. (No buy position)
By @CryptoCrownTM