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Crypto Lu

@crypto_lu_

⚡#Crypto trader ⚡#Bitcoin & #Ethereum Chart Updates ⚡Keeping it real Not Financial Advice.

Joined June 2014
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#Bitcoin is still holding the $16,3k support level, but there has been a BIG bearish CVD divergence forming for the past hours 🧐 Bigger players are absorbing all buying pressure that is coming in the market 😏 Until we lose $16,3k I'm still BULLISH, but please be more careful 🤘
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#ETH Bounced perfectly on our monthly level of support! The pattern still seems valid as we are retesting the resistance. Also a bearish divergence that is forming with POC level of resistance ahead, I'm still bearish based on this for #ethereum. Strong resistance at 1250 gp.
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I mentioned in my last tweet that we could push back up from the support area we were holding. #Bitcoin is currently at the strong POC volume level of resistance. A bearish divergence has formed on the RSI so I'm still look for possible shorts. (No more triangle pattern) #BTC
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#Bitcoin and #ETH fell out of our patterns. #BTC is currently holding the 15.8k daily which aligns with the previous lows. We could push back up from here since we still hold support so be cautious. My theoretical breakdown targets remain the same as showed in my previous tweets
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Image from Crypto Lu (@crypto_lu_)
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#BTC and #ETH chart updates are out.
#Ethereum is still below our 1250 resistance zone. We are holding the local golden pocket around 1170, but we are forming a descending triangle. Based on the #BTC I believe it's more likely to break down into our 1k support area. Also a slight hidden bearish divergence forming.
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#Bitcoin has formed this bear pennant since we dropped down from 21k. The theoretical price target is 10k. Not necessarily going to happen, but based on theory, this is the likely outcome. 4H Bearish divergence being formed on the RSI as well. #BTC #Crypto #Cryptocurrency
Image from Crypto Lu (@crypto_lu_)
Image from Crypto Lu (@crypto_lu_)
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Hidden Bearish Divergence*
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Imo we need more regulations for crypto. #Cryptocurrency can't continue scam after scam. How is it meant to grow if every second #crypto company scams their investors? Were you affected by the FTX scandal?
33%Yes
67%No
12 votes • Final results
#Bitcoin and #Ethereum bounced back up nicely, but we shouldn't get too excited yet since we haven't broken above key resistance yet. #BTC is still below volume levels and #ETH is trading at the 1250 resistance zone now. We have to break and hold above these levels to be bullish
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Image from Crypto Lu (@crypto_lu_)
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For #Ethereum I mentioned in my last tweet about the bearish divergence and that I'll only be looking for shorts. We ended pushing down from the 1634 daily level to a precise bounce on the 1070 monthly! (Read thread for support and resistance)
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Next support would be the 1k zone aligning with the bottom trendline of the channel. Breaking below this would be bearish for #ETH. After losing 1k we could come down to the 736 Monthly level. Our key resistance to break would be the 1250 zone. I expect lower until this happens.
#Bitcoin made a lower low at around 15.5k at the bottom of this downtrending channel on the 0.786 and daily level. Making a lower low confirms the continuation of the downtrend we've been in since the top of 69k per bitcoin. (Read thread for support and resistance)
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Next support would be the monthly level at 13.8k. We have strong resistance at the VAL and POC volume levels. Breaking and holding above that would be a bullish sign. Therefore, unless we break and hold above 18.5k area, I expect us to go lower.
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My power is out. I'll share chart updates within the next 10 hours. 😂
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What a lovely dump. I'll share new chart updates tomorrow.
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#Ethereum has been rocketing through resistance levels lately. Next resistance would be a very strong golden pocket at around $1700. A bearish divergence is forming on the 4H MACD indicator and an oversold RSI. Therefore I'll only be looking for possible shorts. #ETH
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#Bitcoin bounced perfectly on our daily level below the previous resistance zone. We are now finding resistance at the 21k gp. Next resistance would be the VAH and 21.8k Weekly levels and then the 22.4k Daily with the 22.5k gp after that. #BTC #Crypto #Crytpocurrency
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#ETH broke massively out of our range. We ended up getting rejected at the key POC and 1575 gp level. Next support for #Ethereum would be our 1456 daily. Better support would be the previous resistance zone with the 1343 daily below. #Crypto #Cryptocurrency #bitcoin
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#ETH update out tomorrow!
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