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Topic: Analysis of the Day: Crypto trading Analysis (Read 172 times)
Analysis by Skyrock Today:
Quote
#Analysis
#BTC
Update
Basic overview:
BTC is still in the sideways trend below $7 000 level. It faces with a strong resistance. Closing the daylight above the level of $7 000 will indicate a further positive scenario. But in case of a drawdown, the market can test the range of $6 800 - $6 900. Testing the specified range will indicate the further movement of the market.
Be careful with alt trades. We do not give any trading analyses or signals in the Basic channel as it is very dangerous now to trade without updates and support. However 4 our recent signals in Premium have brought 40.3% quick profit.
At the 1 day timeframe:
Price breaks the upper bound of the template and moves lower. The price is below Ichimoku clouds, support seems to be weak. The market may continue to follow a downtrend.
At the 3 day timeframe:
The market looks positive. There are good chances to move back to the range of $7 800 - $8 200 where the price will face a strong resistance.
#BTC
Update
Basic overview:
BTC is still in the sideways trend below $7 000 level. It faces with a strong resistance. Closing the daylight above the level of $7 000 will indicate a further positive scenario. But in case of a drawdown, the market can test the range of $6 800 - $6 900. Testing the specified range will indicate the further movement of the market.
Be careful with alt trades. We do not give any trading analyses or signals in the Basic channel as it is very dangerous now to trade without updates and support. However 4 our recent signals in Premium have brought 40.3% quick profit.
At the 1 day timeframe:
Price breaks the upper bound of the template and moves lower. The price is below Ichimoku clouds, support seems to be weak. The market may continue to follow a downtrend.
At the 3 day timeframe:
The market looks positive. There are good chances to move back to the range of $7 800 - $8 200 where the price will face a strong resistance.
Analysis from one more source: Date and time mentioned along:
Quote
BTC: No single clear cut retrace level but a few possibles, we think its going down over all so getting in on a retrace will at least set you up for the bigger move. It could even just dump out of this range too, this is the best we have so far to at least give you a shot at getting in, its better than nothing and probably better than you'll find anywhere right now as 99% of twitter are calling this a "no trade zone" meaning they're more clueless than we are 😝 Bear will be watching and will have the final say of any changes as I'll be away, if he sees something in price that narrows the entry down to one or 2 levels at least then he will make the adjustment and notify everyone. https://www.tradingview.com/x/T64WR9zh/ [2018/8/4 22:32:25 GMT]
As some of you might be aware of my signal aggregation sales thread. (Link in my signature) where our users have access to Analysis, Signals and calls from over 35 different sources. I really thank this forum for the kind of response I have got with my service and hence here's my giveback to the community.
On a daily basis, I will post analysis call from one of those channels so that users here can debate and talk about the coming market trend.
Today, I am going to share the most recent post from Swingtrades:
Here it is for you guys::
And bonus analysis from DogPound here:
Will try to keep updating this thread daily with latest analysis from some of the top traders in the industry!!!
Cheers!!
On a daily basis, I will post analysis call from one of those channels so that users here can debate and talk about the coming market trend.
Today, I am going to share the most recent post from Swingtrades:
Here it is for you guys::
Quote
There would or can be alts pump in next 4-6days...
As I expect btc dominance to hit retracement to 44.8%.
A small dead cat bounce in alts for some 4-6days and people will forget about bear and then again an increase in btc dominance followed by alts squeez and btc fall .both.
Double whammy.
It's just an Preassumption based on certain indications like
1). BTc dominance retracing from 48.7% to 47.8% . That is full 1% retracement.
2). Btc market structure is broken making lower lows on many time frames. Also weekly is about to confirm hidden bearish divergence.
3). 6800 is major support and every trader or there mom knows that.. That's why there is lot of longs order waiting there.
MM will hunt for that.
In layman terms they will sell there shit to noobs/traders @6800 and that would be sporadic.
In layman terms.... Alts can boom for a short period of time... But it's just a bull trap..
Risky and active traders can long alts... Not for the people who r not so active traders.
As I expect btc dominance to hit retracement to 44.8%.
A small dead cat bounce in alts for some 4-6days and people will forget about bear and then again an increase in btc dominance followed by alts squeez and btc fall .both.
Double whammy.
It's just an Preassumption based on certain indications like
1). BTc dominance retracing from 48.7% to 47.8% . That is full 1% retracement.
2). Btc market structure is broken making lower lows on many time frames. Also weekly is about to confirm hidden bearish divergence.
3). 6800 is major support and every trader or there mom knows that.. That's why there is lot of longs order waiting there.
MM will hunt for that.
In layman terms they will sell there shit to noobs/traders @6800 and that would be sporadic.
In layman terms.... Alts can boom for a short period of time... But it's just a bull trap..
Risky and active traders can long alts... Not for the people who r not so active traders.
And bonus analysis from DogPound here:
Quote
https://www.tradingview.com/x/EqoYf9Fo/
Plan remains the same for me. I don't think we'll drop through $6800 soon. Strong horizontal support (resistance turned support) and also the 0.618 fib retracement from the 5800-8500 move. Low leverage trade, stops <6600
Plan remains the same for me. I don't think we'll drop through $6800 soon. Strong horizontal support (resistance turned support) and also the 0.618 fib retracement from the 5800-8500 move. Low leverage trade, stops <6600
Will try to keep updating this thread daily with latest analysis from some of the top traders in the industry!!!
Cheers!!
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