⚡FAST SCALPS⚡

2023-04-07 16:06:33 ACH/USDT ANALYSIS

ACH successfully bounced after breaking out of internal trendline resistance and the Ichimoku cloud. It breakout the symmetrical triangle with a good volume.

Currently, it is trying to break out of the past high of $0.04373. A solid breakout above it or a retest above the symmetrical triangle would be the further upward trend confirmation.
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@fastscalps Open / Comment

2023-04-07 12:05:12 BTC_Update
BTC remains in a boring state of mind.

Consolidating for weeks, while old altcoins are breaking out.

I'm still looking at support here, through which $27,600 needs to sustain.

If that's lost, $25,000-25,400 seems likely.

Holding here through NFP -> $30,000 next.
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@fastscalps Open / Comment

2023-04-07 12:04:37 Assessing the Impact of Korea Premium Index on Bitcoin Price
Korea Premium Index - the price gap between South Korean exchanges and other exchanges. High premium values could indicate strong buying pressure among Korean retail investors.

Based on this, it appears that the buying pressure is currently weakening. Historically, when the index turned negative, we have seen price pullbacks in the Bitcoin price. Past results do not guarantee future results, but we want to measure some probability based on this indicator. It is worth keeping an eye on this.
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@fastscalps Open / Comment

2023-04-07 10:52:29 .....................
@fastscalps Open / Comment

2023-04-07 10:51:50 Bitcoin Fear and Greed Index is 64 Greed
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@fastscalps Open / Comment

2023-04-06 20:21:23 BTC_Update 2W
Many people believe that $BTC must undergo a stronger correction, because it has risen sharply in recent weeks.

But trading doesn't work with gut feeling or hope.

I use facts. One of them:

$BTC is about to close the first 2W-Candle above the EMA-Ribbon = Bullish!
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@fastscalps Open / Comment

2023-04-06 20:20:39 Total market capitalization is trying hard to break above current resistance level at $1.2 trillion. It has been 4 consecutive weeks attempting to break out above this zone but all of the efforts were meaningless.

Remember that the longer time the capitalization tries to break above, the bigger the saturation effect will which means that if there isn’t any break out occurs in the near future, the trust level will eventually drops and people start to panic again.

Just to be frank, no one knows what will happen next for sure because of this shitty price action on BTC and unreasonable altcoins pump as well. But if I have to bet, the verdict I choose is going down.

When the majority of people are expecting a pump, you know that you have to go against them because big money will liquidate the majority.
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@fastscalps Open / Comment

2023-04-06 16:17:17 Dot is currently forming an ascending channel pattern.

This pattern is considered to be bearish, indicating a potential drop in price if the pattern is followed.

If Dot continues to follow this pattern, it is likely that a breakdown of the pattern will occur, leading to a drop in price.

The immediate support level for Dot is near $6.1.
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@fastscalps Open / Comment

2023-04-06 15:03:06 BNB/USDT ANALYSIS

BNB breakout the symmetrical triangle, and currently, it is retesting above it and MA 200. A successful retest would be a sign of a decent bullish move.

A failed retest or a solid breakdown of the ascending trendline support of the symmetrical triangle is the invalidation of the bullish scenario.
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@fastscalps Open / Comment

2023-04-06 11:51:42 BTC_Update 1D
It's always good to zoom out and look at the bigger picture. I personally can get sucked in to the LTF's from time to time.

3 key levels/areas that I'm watching:

$29.3K - Yearly highs. Flipping this is bullish.

$26.7k - LTF range lows. Lose this and I'm looking at ~$25K.

$24K-$25K - This area is what we would expect bulls to protect with their lives if we are to see this rally continue.
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@fastscalps Open / Comment