Crypto Trading Signals®️

$ETH UPDATE Taking another TP off our leverage long position. 50% position closed here. If the weekly candle closes below the last cycle, it’s a confirmed SFP and we will place limits at $4380 and $4100 range. It’s already a daily SFP and usually a good short trigger.

$ETH UPDATE TP1 hit on $ETH. As I said earlier, this is a high conviction trade because of the first retest and better one than $3K breakout setup that we traded.

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$ETH UPDATE Was waiting for this rejection on $ETH to confirm the formation of this descending trendline which got confirmed yesterday with this third rejection. The entry for $ETH long is still long active, will take first TP around $4500, there will soon be a breakout above this trendline.

$TOTAL UPDATE A few days ago we discussed the role of $TOTAL and how important it is to determine the price action on the bitcoin chart. Last time we talked about the deviation and a possible successful deviation retest which is eventually going to to push price higher on bitcoin chart and FYI, this deviation retest just happened. Now again I was expecting this to happen once bitcoin would retest the $112K zone which it missed nearly by $500 or so (we’ll talk about that in the bitcoin update). But the point that I am trying to make is that it’s not going to be easy for price on the bitcoin chart to lose the $112K level as it’s a quite strong support which becomes even more relevant when you look at the $TOTAL chart, we cannot though rule out the possibility of a deeper retracement into $112K - $110K zone but I am still confident that as long the structure on $TOTAL remains strong bullish and price is holding above the support, bulls need not to really worry about anything.

$BTC LONG Placed $BTC long limit at $111,914 and DCA at $110,000, hard stoploss at $108,731. Price will be retesting the 1D QVWAP first time after the break above back on 22 April around $89K and this will be the first retest of this dynamic line.

$BTC UPDATE Woah, not a bad close at all, just fell $5 short of our $116,150 close target though. Will have to wait for another 4H close to close if we are going to short this or it’s just a deviation. $STABLE.C.D is on support so not going to be an easy long if we decide to long anyway.

$TOTAL2 UPDATE Despite a 3D close above the multi year resistance on $TOTAL2, it has failed to hold above that level and the last time the same thing happened was back in November 2021 and rest is all history. Though this time the situation is quite different and rally on $ETH is far from being over and so looking at 1D and 3D, $TOTAL2 remains in a strong uptrend and retracements as know are just a part of trend structure. With that being said, I am looking at $1.48T - $1.44T level for a potential bounce on $TOTAL2 which would ultimately result in a new higher sending $ETH above $4800. This level on $TOTAL2 is perfectly synchronised with $4100 - $3900 untested range on $ETH and as we know already that first retests hardly fail, so this is a key area to watch on both charts for accumulation. We already have limits on $ETH placed around the same levels that are about to be filled very soon.

$BTC UPDATE If the fractal on $USDT.D plays out like I explained in the last update, this is how the deviation will look like on bitcoin chart, even a 4H close above $116,150 level would be enough to confirm this move but remember that it needs to happen in the next few hours and if we get more and more 4H closes below $116.5K, it will simply just result in price ultimately going lower and possibly visiting the $110K range.

$BTC UPDATE A very important part is that although $BTC is trading below the $116.5K level, $USDT.D has almost hit the 4.39% resistance and not just this but $USDT.D also wicked into the 0.618 level for the whole downside impulsive which started on 3rd of August and ended on 14th of August. To put it in the simple words, $USDT.D has been in a downtrend on daily if you draw the market structure and every corrective wave could go at maximum to 0.618 - 0.705 level in an ideal situation and price right now is exactly at 0.618 level meaning there is a high likelihood that this break below $116.5K level is simply just deviation to trap shorts and price could still go higher from here. There was s similar deviation on bitcoin chart (July 25) which played out in a very similar manner. But we need atleast a 4H close above $116.4K to confirm this whole thesis. If you look at $USDT.D chart then it may seem reasonable to go long right now on Bitcoin but we’ll wait patiently for the best trigger.

$BTC UPDATE Price just broke through $116.5K support and with two 4H closes already below this zone, it’s a strong resistance for now and we will try to take a short at the retest of $115.6K level. It was a good decision to move stops breakeven early on our Bitcoin long, price never really was able to go past 1D 12 EMA and 4H QVWAP + the impulsive move was mainly due to price breaking below another ascending trendline.

$BTC UPDATE Taking TP1 here at $118.4K, stops are already at Entry! What a beautiful fill this was, if price closed a 4H above 1D 12 EMA, it’s sure going for $120K.

$ETH LONG Placing the long limit for $ETH at $4144 with DCA at $3871 and hard stoploss at $3695. Price may or may not visit that level but since the first retest of support is pending, I would definitely want to buy there and 90% chances of having a decent bounce if price visit the 4K level.

$BTC LONG Placing the bitcoin long limit at $116,786 with DCA at $115,263 and stoploss being manual 4H close below $114,237. More of a swing trade, let’s see if we get this level tapped because right now, price just bounced at 1D 12 EMA, 4H QVWAP + AVWAP but considering other factors like $STABLE.C.D, I think there could still be some downside. PPI numbers came in much higher (0.9%) than expected (0.2%) which is another reason for this drop, although the rate cut expectations have not changed a lot, but this still is a big question mark that if inflation is going up, why would FED want to cut rates and hence the drop.

$BTC UPDATE It’s happening, warned you all, where there is a trendline, there is a breakout/breakdown. We had wick down to $117.5K level. This is most likely Binance manipulating the price as late leverage degen longs are always an easy target.

$BTC UPDATE If you are overexposed to leveraged long positions, this trendline is your nightmare. We have already seen that with a $3000 bitcoin drop, if $BTCDOM goes just a little bit upside, it’s going to get ugly for altcoins, so best to take things slow here. Also, sooner or later, we are breaking below this trendline, it’s only a matter of time. I’m looking for a move down to $117.5K - $116.3K range if we start breaking below this trendline.

$BTC UPDATE Both $USDT.D and $STABLE.C.D are at support, so not so fast guys. This is a strong support for $STABLE.C.D and because bitcoin is in an uncharted territory, only these correlated charts serve as the guiding light for you and so, this is not the reclaim of ATH. Also, we have PPI data + unemployment numbers coming today, so expect some volatility. At some point in time, this descending trendline will come into play on $STABLE.C.D.

$ADA UPDATE Taking TP1 and moving stops breakeven. Told you about this breakout already.

$BTC UPDATE $USDT.D just tapped the daily support at 4% level which we have been talking about for few days. Now this is the first retest of this support after Feb 02 and most likely going to be a successful one, though the extend may not be big. Next trade on Bitcoin will be once price starts losing this support. I’m not particularly interested in trading Bitcoin and focus will be more towards altcoins and $OTHERSBTC remains the key sticking point in this whole situation. Most of you have asked about the fate of altcoins if $BTC starts dropping, well it’s entirely dependent on $BTCDOM, if it continues to go down along with bitcoin or even if bitcoin price continues to range around the same levels, it won’t matter much for as long as $OTHERSBTC remains strong.