fastprofittrader

fastprofittrader Updated 

Hi everyone, Opened BTC UP position at 63700 price with 25x leverage on Fybit trading platform. Target at 67000, Stop loss at 62600. Position was opened on 1-hour timeframe. Short-term trade position. After testing 65k resistance price corrected to 63400 level and from there started to rise again. There is a good chance that BTC price can break 65k and rise to...

fastprofittrader Updated 

Hi everyone, Bitcoin price plunged below 59000 breaking support line and now is aiming 53000-50800 support area. I personally don't think that BTC price can drop below 53000-50800 support area but I admit that there might be wicks below the area. I would like to note that 30% price drop from all time high is very common for Bitcoin and there is nothing new...

fastprofittrader Updated 

Hi everyone, Bitcoin price set new all time high. This is the first time in Bitcoin history when its price set new all time high before halving. There are few things I would like to point out regarding future price action on Bitcoin. First thing to notice here is that if we look in the history Bitcoin always began parabolic rise when its price broke previous...

fastprofittrader Updated 

Hi everyone, Ethereum price rose above 4000 level prior to the Dencun upgrade and started to fall afterwards. Ethereum price already dropped for almost 25% from the local high and there is possibility that it can go below 3000 level for a short period of time. There is 3200 - 3000 support area from where price is bouncing back but there is possibilty that price...

fastprofittrader Updated 

Hi everyone, After reaching local high at 0.8 which was indicated in my previous idea Cardano started to decline falling up to 0.57 support level. Few times ADA price bounced from this support and again trading around it. Since halving is coming and usually real altseason starts after this event I think that ADA price is placed in very good spot to enter in to...

fastprofittrader Updated 

Hi everyone, Bitcoin Cash price increased on 100% on this week and has reached 475 - 530 resistance area. Bitcoin Cash didn't notice 380 - 420 resistance area but now this area might serve as support and BCH price can consolidate there before another pump. In case if BCH price continues to pump it can reach 700 resistance level and afterwards retrace to 475 -...

fastprofittrader Updated 

Hi everyone, After recent correction Ethereum price started to rise again and already broke previous yearly high at 2700 and currently is trading above 2900. The main driving force pushing Ethereum price up is upcoming Dencun upgrade which is planned on March 13. Let's look at how Ethereum price behaved before previous big upgrades. Before Merge upgrade Ethereum...

fastprofittrader Updated 

Hi everyone, Bitcoin price didn't stay under 40000 for too long and after brief dip started to recover. For the last 30 days Bitcoin price increased on 30% and set new yearly high at around 53000. This is a big change in Bitcoin price dynamics as it almost rule out any dump under 40000 before halving happens. 52000 - 53000 resistance area is very strong and...

fastprofittrader Updated 

Hi everyone, Cardano price broke all levels and set new yearly high 0.68 price level. To be honest I didn't expect this bull run in December as Cardano price rose more steadily than rapidly. At this point main resistance remaining at 0.78 price level. In case if ADA manages to break it then road to $1 becomes open. It might be that after reaching 0.78 price...

fastprofittrader Updated 

Hi everyone, Bitcoin Cash managed to stay above 200 price level and now trading above 200-220 support area. At the moment BCH is looking exteremely bullish and most likely it will touch lower boundary of 265-290 resistance area. At this point I see that BCH can trade within 265-290 area but don't think that it can rise higher than that. It also depends on if...

fastprofittrader Updated 

Hi everyone, Cardano price didn't manage to break its local high at 0.68 and went in to a correction phase. ADA price already lost almost 30% from its local high and probably this number will continue to increase. At the moment the main support located at 0.46 price level but most likely this support won't withstand for long. In the near future I expect ADA...

fastprofittrader Updated 

Hi everyone, Bitcoin spot ETF finally has been approved and now hype surrounded this event is slowly fading out. As expected Bitcoin price didn't manage to hold above 47000 on daily chart and dropped below 43000 soon after spot ETF approval. So what to expect from Bitcoin price in the next 2-3 months? I expect Bitcoin price to enter in to correction phase and...

fastprofittrader Updated 

Hi everyone, Ethereum price managed to break 2500 level and set a new local high at 2700. After reaching 2700 price level ETH now in a correction phase and I expect slow decline at least up to 2400 price level. 2400 is very important price level since if it breaks then we can see Ethereum price dropping up to 2140 support level. This scenario is possible but...

fastprofittrader Updated 

Hi everyone, Bitcoin Cash is trading within a narrow price range between 220 and 265. The price is consolidating at the moment and this is good sign for the bulls because at any time it can start pumping. Also, note that, BCH is trading within rising channel and its price currently on the lower bound of the channel. All this indicating that price more likely...

fastprofittrader Updated 

Hi everyone, Ethereum price managed to break 2300 level and even touched 2400. At this point next big target is 2500 price level and it very much reachable. I think that if Bitcoin stays at the current levels than Ethereum has all chances to reach 2500 level. We should take in to consideration possibility of some correction and I think that main support level at...

fastprofittrader Updated 

Hi everyone, Bitcoin price not just reached 39k level, which was indicated in my previous idea, but broke it and pumped up to 44500 level. Bitcoin price already increased on over 160% since the begining of the year and again set a new yearly high at 44500. There is one main level remained to reach and it's 47000. I remind that from this price level Bitcoin...

fastprofittrader Updated 

Hi everyone, Cardano managed to break 0.42 resistance level and almost reached local high at 0.46 set in April 2023. At this point 0.46 level is the main obstacle for continuation of price rise. In case if ADA will manage to break this level then road open to go above 0.5 rpice level but I think that Cardano won't manage to break this level unless Bitcoin goes...

fastprofittrader Updated 

Hi everyone, Cardano managed to break 0.35 resistance level and hold above it. Moreover it managed to rise up to local resistance at 0.38 price. At the moment ADA is trading in a narrow price range of 0.37 - 0.39. For the past 4 weeks Cardano price increased on 60% and it has a good chance to continue to grow. Next big resistance level for Cardano located at...