andypro16

andypro16

The volume remains low, probably a huge green candles representing a large short covering order on the orderbook. Stop loss below 7.2.

andypro16

Not sure whether XCN is a scam project. But if this scenario comes true, the reward could be great enough. I do not really think there is so much selling pressure on this coin. This dumping velocity is unusual.

andypro16

Although we are probably overbought at this zone, the strong momentum will further drive $BTC to $31000 and fill the large selling orders before its retracement.

andypro16 Updated 

ETH has broken the down trendline, and some people may think it could be a false breakout. From the technical point of view, if this is a false breakout, it is likely that ETH will at least test the upside liquidity zone and show a significant rejection pattern before it goes down. If it is a valid breakout, of course it will go up. So in both scenarios, it is...

andypro16

A revision for those who forget the dumpest market manipulation two years ago

andypro16

After the consolidation of 300days, I see a possibility of Link breakout from current trading range. Link/btc hits long term support, which indicates a potential bounce .

andypro16

The bitcoin price chart looks like a standard breakout-retest pattern indicating the bear run in the next few years. Take a look at the daily timeframe. The highest point of the wick is exactly at the previous long term support line (which has turned into a resistance), which prove the validity of the long term support line that I have draw. The next support...

andypro16

XRP is trading near the resistance line. I am short-bias because of the weak momentum of XRPBTC pair. We have a decent RR ratio to short XRPUSDT.

andypro16

The candles after breakout in monthly chart seem to indicate it is a fakeout. The momentum does not look great. I am short-bias now and tend to short XRPUSDT. It is likely that XRP has a higher chance to lose the lawsuit against SEC based on the current price action.

andypro16

Hello traders, I am glad to share my long term view of Bitcoin in this post. Although I used to post technical analysis for swing trades, it is interesting to leave my long-term view here so I could review my thoughts few years later just like what I did when I first started trading in 2018.() Now I have a deeper understanding of crypto market and I wish to share...

andypro16 Updated 

Targeting 0.88 I see selling pressure is controlled and did not further accelerate. If the price drop to 0.66-0.68, then it might be an opportunity to accumulate blur coin. Manage your risk and wait for reversal signals to buy.

andypro16 Updated 

Short term oversold. Current price level is a potential buy opportunity. Stop loss below 0.65

andypro16 Updated 

After one year, ENS finally completed the breakout from the asymmetrical triangle. Expecting strong bullish impulse in the next few weeks.

andypro16

$30-$32 is a great long term entry point to buy for swing trade.

andypro16 Updated 

I have drawn two different support lines (I name it "higher" and "lower" support). One regards the monthly closed as the low point of the support line and another one regards the monthly low as the low point of the support line. The higher support line is clearly broken and is retesting (breakout n retest) while the lower support line still holds and has provided...

andypro16 Updated 

Falling Wedge doesn't guarantee a breakout. But I believe if it breaks the resistance, the impulse after breakout would be very strong.

andypro16

While the majority of altcoins have done their pumps, this coin stays flat without giving bearish signal. I suspect there would be a bull move later

andypro16

Fully Diluted Market Cap of blur coin is ~$3b while its major competitor Openseas had a valuation $13.3b. (source: www.artnews.com) As the majority has an interest and begin to find out blur's value, i do think that blur is able to start another bull run in the next few weeks/ months.