AltcoinAve

Expert #crypto traders analyzing the markets and hand picking the best #altcoins. $BTC $ENS $MATIC $AR $QNT $ATOM $GRT dm to join our Telegram

[AltcoinAve @AltcoinAve]

Mahalo 🤑 #cryptocurrency $WAVES $BTC

[AltcoinAve @AltcoinAve]

Longing $WAVES until $20

[AltcoinAve @AltcoinAve]

Until then, expect consolidation now that indicators that were previously overheated have started to reset on most time frames.

#FridayForecast

[AltcoinAve @AltcoinAve]

$BTC 4HR CHART UPDATE:

The weakness we've been seeing in the charts finally played out this week as #Bitcoin retraced to the $21,400 level, the first level of support. We laid out a couple scenarios on the chart that are likely to play out over the coming days/weeks.

[AltcoinAve @AltcoinAve]

Remember, the next #CPI is Tuesday, 2/14 at 8:30am. Depending on how traders are positioned prior to the report, and the results of the new inflation number, we could see a big move up or down Tuesday.

[AltcoinAve @AltcoinAve]

We are still waiting on confirmation of that move.

We remain cautious until Bitcoin can break higher and hold above 23k. It's been in a mini down trend for the past few days and we want to see that break for confirmation of a move higher. Until then, the more likely move is down

[AltcoinAve @AltcoinAve]

We are still waiting on confirmation of that move.

We remain cautious until Bitcoin can break higher and hold above 23k. It's been in a mini down trend for the past few days and we want to see that break for confirmation of a move higher. Until then, the more likely move is down

[AltcoinAve @AltcoinAve]

$BTC 4hr Chart Update:

#Bitcoin continues to consolidate above 22k since the last impulse wave took the price there on 1/20. The bulls have been able to hold support, even though many of the technicals continue to suggest a correction is imminent.

[AltcoinAve @AltcoinAve]

The longer Bitcoin's price trades above the 200DMA the more bullish the trend becomes. Also, the 50DMA is about to cross the 200DMA for a bullish golden cross. This cross usually sends the price of an asset higher as many buys are triggered when this happens.

[AltcoinAve @AltcoinAve]

Notable- We have the ES1 sitting at the 200DMA leading into CPI. Things may get bonkers tomorrow. #Crypto volume last three days on $BTC and $ETH makes us think we could melt up. Todays midday rally has us on the fence.

[AltcoinAve @AltcoinAve]

$ETH 8H Update:

Since #altcoins were all the rage this week with their big gains, let’s cover $ETH.

A rising wedge has formed on high time frames. $ETH just tapped the top trendline and is struggling to breakout and hold above $1340.

[AltcoinAve @AltcoinAve]

Bulls definitely want to see $1280 support hold for $ETH - That would be a healthy retest and a better chance at another move higher.

Longs closed for the time being as we prepare for a pullback. #Crypto

[AltcoinAve @AltcoinAve]

$ETH 8H Update:

Since #altcoins were all the rage this week with their big gains, let’s cover $ETH.

A rising wedge has formed on high time frames. $ETH just tapped the top trendline and is struggling to breakout and hold above $1340.

[AltcoinAve @AltcoinAve]

It looks like a move to the lower trendline is coming as we approach the Thursday morning #CPI. Profit taking ahead of a volatile Thursday morning makes a lot of sense after the steep gains experienced recently.

[AltcoinAve @AltcoinAve]

When trading these pumps,we are taking profits quickly and getting out of the way before that reversal takes place.

If we flip the trendline, we will reevaluate new trade ideas for altcoins, but for now, it’s high risk.

[AltcoinAve @AltcoinAve]

$BTC 1D Update:

We had a nice move up to kick off the new year for $BTC and many #altcoins. Until #Bitcoin breaks out of this long term trendline from the summer, we’re not convinced this move can be sustained.

[AltcoinAve @AltcoinAve]

The most likely scenario is a rejection around that trendline (a fakeout above it would make for the best trap) before heading back to test the #FTX November lows.

[AltcoinAve @AltcoinAve]

Leaning toward bullish moves in markets this week. Stay tuned for some short term setups to kick off the new year!

We are targeting these charts:

$OP
$XMR
$SOL
$AVAX
$LTC
$CRV
$FTM

[AltcoinAve @AltcoinAve]

In 2022, AltcoinAve developed a very conservative approach to investing in #altcoins that resulted in a 17.5% gain on the year including ZERO losing trades. We’ve found a way to mitigate risk yet we’ve outperformed most traditional assets and funds this year. $BTC #crypto

[AltcoinAve @AltcoinAve]

Closed $AVAX in profit - volatility expected

[AltcoinAve @AltcoinAve]

$AVAX Trade Update:

A top performer today and now the trade is back in profit. With #FOMC tomorrow and the uncertainty of Powell’s rhetoric, stop loss moved up to limit risk. We’ve added to our position at 13.2, 13, and 12.8 levels.

Average entry is now $13.25
Same targets.

[AltcoinAve @AltcoinAve]

$AVAX Trade Update:

A top performer today and now the trade is back in profit. With #FOMC tomorrow and the uncertainty of Powell’s rhetoric, stop loss moved up to limit risk. We’ve added to our position at 13.2, 13, and 12.8 levels.

Average entry is now $13.25
Same targets.

[AltcoinAve @AltcoinAve]

Remember the safest way to enter a trade is by buying the retest of a breakout. $13.40 is the resistance line in this $AVAX example.

[AltcoinAve @AltcoinAve]

$AVAX 1D Chart:

We are accumulating $AVAX here. Front running the target posted on the chart with a sell order at $15.9. If we see a pullback before it breaks out, we will add to our position. #Crypto $BTC

[AltcoinAve @AltcoinAve]

$AVAX

Where: https://t.co/QXh3aDsbTR

Entry: $13.40

TP 1: $15.30
TP 2: $15.90

Stop Loss: $12.26