Crypto Trading Signals®️

$BTCDOM UPDATE $BTCDOM breaking below the trendline as expected after a deviation retest. It was indeed a good decision to not short here and open a few longs. This chart is not always very predictable but the next support is around $4200 level and we can have price continue to drop towards that level and if Bitcoin manages to break above $116.5K, alts will have a small rally again.

$BTC UPDATE Really an uncertain situation with market not offering anything much here. Price is holding above 1D 12 EMA but also has this ascending trendline which may give a break downside. But to put in the simplest possible words, we need a full reclaim of $116.5K to go long on Bitcoin or a drop towards $110K which is going to be another big trigger. I know August is always a bit difficult to trade and we already are getting a glimpse of it.

$BTC UPDATE The last rejection on Bitcoin at $115,700 happened mostly due to $STABLE.C.D bouncing at support with Bitcoin giving first retest at resistance and then $USDT.D bouncing at 1D 12 EMA. Now that all three things have happened, $USDT.D has this ascending trendline, my assumption would be that we break below this trendline in the next few hours sending Bitcoin higher breaking above $116.5K resistance. Since we are still under resistance on Bitcoin, this still is just a far fetched idea. But this trendline looks really good to give a breakdown on $USDT.D.

$TOTAL2 UPDATE A big buying opportunity for $ETH is going to be once $TOTAL2 hits the $1.28T - $1.23T level. There is a retest of this double top neckline happening right now, so need to play cautious, for me this is still not a good point to open any swing long positions. Only if we retest the support or reclaim the multi year resistance of $1.6T which is a very unlikely event at this point. Also, most people don’t realise this but because $TOTAL2 is the crypto market cap excluding Bitcoin, which includes Ethereum and all other altcoins and since Ethereum has the largest market cap among altcoins, it heavily influences $TOTAL2. So, if $TOTAL2 hits a strong support level, it often means $ETH is also near support or oversold territory. And once $TOTAL2 gives first retest of $1.28T, it’s quite possible that $ETH will be at $2800 - $3000 also giving the 1st retest at that support.

$BTC UPDATE In our last update, we discussed a most likely bounce on $USDT.D once it reaches the 4.4% support level which would result in a rejection on the Bitcoin chart. Now, we are waiting for a bullish up close candle at the support to confirm the bounce and take another short on Bitcoin. There can be a deeper retest into 4.40% level also which will make sense considering that Bitcoin has still not tapped my POI at $115.7K so far. If we have a good strong bullish 4H close on $USDT.D at this support, we will go short on Bitcoin with invalidation beyond $116.5K range. Ideally, I’d like to see Bitcoin retesting atleast $115.5K and ES tapping the $6,327 level.

$OTHERS UPDATE Like $USDT.D, $OTHERS fell short of our marked support level by a very small margin but I’d still not consider it a full retest. $255B - $246B remains a strong support for alts to hold and right now we are having a retest of our double top pattern which we did discuss over and over again during multiple updates. Now $276B - $280B level is not just the neckline of double top but also a small 4H resistance where we have seen rejections in the past. This is pretty a decisive moment for alts as most are at 4H resistance levels. If you wish to play bigger price swings then bid at $246B - $255B level and short around $300B - $310B levels. Now my plan is to wait for a full retest of the above mentioned support. Shorting here gives a good RR on most altcoins, you just need one good bearish 4H close on $OTHERS to confirm some sort of rejection at this neckline.

$BTC UPDATE Though Bitcoin chart itself has a break below $116K support but we still need confirmation from $USDT.D which has not given any 4H close above resistance. Remember that August is historically one of the most difficult months to navigate the market, I would not rush into any trades myself and only going to pull the trigger when there is a solid opportunity. There are alot of conflicting signals here like $BTC still under resistance, $USDT.D failing to break resistance with $STABLE.C.D above resistance but no good 4H close. We’ll most likely take a short position with some added confirmation.

$BTCDOM UPDATE $BTCDOM is going for another retest of this resistance level, the way the resistance is getting retested, it’s not really a good sign for alts and I see no particular sign of weakness on $BTCDOM. Once we reclaim this resistance, you can be 100% confident shorting altcoins.

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$USDT.D UPDATE $USDT.D chart has a descending trendline in formation. A third rejection is required to confirm the formation of this trendline which could be a very small rejection also. But two important conclusions can be drawn from this chart. First, there will be a third rejection with Bitcoin bounce around $116.5K and after that, there is a heavy chance that there will be a trendline breakout on this chart meaning we won’t trade any retests after that around $116.5K and will wait for a bigger move downside. Remember this thing, sooner or later $USDT.D is going to retest that untested resistance at $4.64% level. Bitcoin most likely will be in $108K - $112K range at that time. Sell your house but do not miss that 🙂

$BTC UPDATE $STABLE.C.D is back at the same resistance based on the first retest of which we took our $BTC long. Now, I still do not expect price to go past this resistance level easily and that is why we have a limit placed for $116.5 K. Remember that any reclaim of this resistance is going to be big for the price action on Bitcoin chart and will send price down to $112K - $108K range in any case. My long term target still remains this range where price will go sooner or later. That is where the Fib levels for this corrective wave are but yes, we can play some small bounces here and there like the $116.5K one. If you’re looking for a long-term trade then best wait for $108K - $112K range to be tapped. This would be similar to if someone had waited for $74K retest when price was at $108K knowing that it will happen eventually and will be the best trade.

$OTHERS UPDATE We have a big double top on daily at this $300B - $310B level and is looking too good ignore. Remember that these are some early warning signs of weakness in altcoin market and not to be ignored. The only problem is that you cant just short the market because of the strength we are seeing with Bitcoin and positioning into any longs just does not make sense given that all of the major indices are at resistance levels and printing some bearish signals. Unless we see a reclaim of this $310B level on $OTHERS or the resistance on $TOTAL2, I would try to avoid any random long positions and will wait for break below higher timeframe support levels to go with any short positions.

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$ETH UPDATE 0K guys, as promised earlier, I have exited 85% of my existing $ETH position at $3925. I tried my best to shill this coin as much as possible and as much as I could, personally convincing all of you not miss the easiest trade of the year. This level has historically been a very strong resistance and resulted in huge pullback, though I am 99% sure that this time it's going to be different but until an unless we see a full daily candle Close above 4100 I'm not going to take any chance and will open a new position in spot and on leverage as soon as we get that close which is going to be a big break and a very good trigger. Meanwhile share your wins on this trade and and don't forget to tag me 🙂

$ETH UPDATE Taking TP1 on both spot and leverage positions on $ETH around $3850. Almost 28% up from our Entry. Best trade of the year.

$BTC UPDATE $BTC looking really tempting to long here if you look at $STABLE.C.D chart or $USDT.D chart but not so much if you look at the Bitcoin chart itself which just had a break below this symmetrical triangle. There could be a be a bearish retest of trendline, so I would skip this setup for now. We also had a break below $116K support briefly, so best to wait for price to go back above this level and close a 4H candle to confirm deviation and we'll go long at that trigger instead.

$SANTOS UPDATE Closed $SANTOS 2% up fro entry point, will enter again. Focus right now is towards $LINK, sharing the setup for that.

$ETH UPDATE $ETH finally giving a breakout out of this falling channel pattern. Classic example of bullish continuation pattern + bullish absorption. Look at how price has remained stable despite CVD going extreme negative. This is a textbook example of sell absorption with passive buyers slowly bidding the $3500 - $3550 level and pushing the price out of this channel as soon as sellers were exhausted. Let's goo. $ETH to $4K