Tag: Bitcoin

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Crypto News Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Jun 20, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

BTC finally retested the all-time high from 2017 and from here it’s very simple: we either confirm a new floor or break through it to US$12,000.

BTC weekly chart

For the US$20,000 level to be confirmed as the bottom, it takes more than just a few candles. We need to see solid market structure with volume behind it. This will take a little time for the market to produce, and could take days or even weeks.

Once again, however, my opinion is we have more red to come (sorry! I know it’s been six months of bearish bias!). That said, we may see a relief rally to around US$28,000 and should that happen I plan to add to my short position and perhaps we visit US$12,000. If we don’t get a pullback in PA, then I’ll continue to ride my open shorts.

BTC trade action plan

I still very much believe the entire bear flag I wrote about on April 11 will play out to the end at minimum. And dare I say we may even go further if the world economic climate doesn’t see a vast change in the coming months. How does buying BTC at US$6,000 sound?

Image from Apr 11 article
Current BTC 3D chart

Even if we zoom in on the 1H charts for our day traders, we see a failure to break and hold above 100 EMA confluent with the peak of a 1H rising wedge (bearish candlestick pattern).

This Week’s Trades

Because I still have a bearish outlook on the market, entering long trades or buy orders on ALT coins is high-risk and short-lived. So instead, what I’m looking for is ALTs that have seen a significant pump and in turn yield higher percentage gains if the market dumps again. Remember, you can still make serious ROI in a downtrending market.

Setups similar to the below chart of SNX is what I’m looking for – a clear retest and rejection from a new level of resistance (previously support). There are a few ALT setups like this already in play.

To enter before BTC decides if it’ll dead-cat bounce has higher risk and far more aggressive entries. Best practice would be to “wait and see”. If BTC pulls back – find entries. If BTC doesn’t – do nothing.

Introducing TCD’s New Social Platform

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The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them. 

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom, you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

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Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Jun 13, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

I’m BACK! I apologise to readers for my absence of late. Having a newborn is challenging enough and unfortunately we’ve had to make many hospital visits over the past month. But all is well!

Let’s get into it!

On April 11, I shared with you my thoughts around what I was seeing from BTC, and that was a huge bear flag forming (see image below) indicating further downside in the market. We have since dropped a further 40%. I do believe we are still likely to see an additional 20% drop from the current price level before we see a significant reversal. My first target to start scaling in on SPOT is US$20,000.

Image from Apr 11 article
Current BTC Chart

The TOTAL market cap is now down 65% from ATH, and I think in the coming days/weeks we will drop below the US$1 trillion valuation. On May 17 I shared the below chart showing another potential loss of over US$300 billion to US$500 billion, and you will see that the TOTAL has now shown a weekly close below its 200 EMA, which tells me the likelihood of this happening is getting higher.

TOTAL chart shared on May 17
Current TOTAL chart

Recent Performance

There have been two trades in particular that I’ve shared here numerous times that had great shorting potential: DOGE and ADA. These charts started back in December, if you’d like to take a look.

DOGE/USDT

DOGE is almost at my key Take Profit (TP) level of US$0.04, which will yield me a total of 730% profit from this entry using a 10x position.

DOGE chart shared May 2
Current Doge chart

ADA/USDT

An ADA target of US$0.18 is still on the table and at this point I will likely close my Short at around 800% profit using 10x leverage, and look to not only enter LONG positions but also scale into ADA on the SPOT market.

ADA chart shared May 2
Current ADA chart

This Week’s Trades

I will absolutely NOT be entering new trades this week. We are mid-dump in a bearish market and it’s safer to stay out and just wait.

What I’ll be looking for are key levels on the daily and weekly charts for both BTC and ETH where I will enter SPOT positions and open longs. This is where patience is key.

If BTC and ETH both close a weekly candle at or below current levels, things will certainly go from bad to worse. Targets are outlined on the charts below.

Be patient, invest wisely and don’t stress. Crypto is still in its infancy of what it can accomplish!

BTC/USDT
ETH/USDT

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Join our “Apprentice” plan now for your 7-day trial.

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them. 

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom, you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

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Bitcoin Crypto News Markets

Bitcoin Enters Record 8th Week in the Red

To the disappointment of investors, Bitcoin has logged its eighth red candle, setting a record for the currency. According to data graphed by YCharts, Bitcoin has now been on a downward trend since March 30:

https://ycharts.com/indicators/bitcoin_price
Bitcoin’s downward trend from March 30. Source: YCharts

However, investors are starting to hold out some hope for the beginning of a rebound:

‘If in Doubt, Zoom Out’

With Bitcoin breaking records for its eighth consecutive week in the red, things are seeming dire for investors thanks to an absence of volatility. The price point has managed to hold just above the US$30k mark, with investors showing bearish sentiments. Regardless, the adage remains, if in doubt – zoom out.

Bitcoin’s performance over the past twelve months. Source: CoinMarketCap

The fall of Terra and its LUNA token induced mass sell-offs last week, with Bitcoin dropping almost as low as US$24k. However, Bitcoin’s correlation with the stock market is decreasing in comparison to previous months, a shift that many investors are perceiving positively with increasingly hopeful chatter circulating on social media regarding Bitcoin’s outlook for the weeks to come.

2022: Bad for Bitcoin

Only a week ago, Bitcoin had reportedly slipped below US$29k, its (at the time) lowest level since 2020. As that drop was perceived to be the result of the latest US Consumer Price Index figures, investors were left unsure as to which way the coin might go next.

Not only has the price of Bitcoin itself had a rough start to 2022, but Bitcoin mining stocks have mirrored this sharp decrease in value. Where Bitcoin had been recording losses around the 30 percent mark, mining stocks had doubled this figure in some cases.

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Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – May 17, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

Good afternoon, beautiful people of Crypto Aus! I’ll be keeping today’s article short and about Bitcoin and the general market. New dad duties are keeping me away from my PC at the moment!

On May 2 I wrote that we could see the TOTAL crypto cap lose US$400 billion, and we did. What’s concerning at the moment is that unless we see some positive action soon, there could very much be another US$300 billion wiped off. The TOTAL market cap has now lost over 50% of its value since the market peak in November.

TOTAL Market cap

Bitcoin Dominance (BTC.D) has risen 8% in the past week and could see more people hedging out of ALTs and into BTC in the coming weeks also, meaning your favourite ALT coin could see some more blood if that happens.

BTC.D

Looking at the Bitcoin weekly chart, we can see BTC found a very solid level of support at US$28,000. It’s currently holding above and, if we can get just one high-volume green candle, we could see BTC rally to US$35,000-36,000 (following the green line), which could have us ranging again for a couple months. If BTC cannot close above US$31,000, the red path is likely to play out with a further 30% drop, taking us back to the 2017 ATH of US$20,000.

Regardless of which way we go, at this stage I still believe we will see US$20,000 before we see US$50,000, as indicated by my chart below:

BTC/USDT

The BTC CME Futures (BTC1!) chart also shows a new gap to be filled at the US$36,000 level, showing the green path above as a viable option as gaps are more likely to be filled if they fill sooner rather than later.

BTC1!

Does all this mean crypto is dead like we keep reading in MSM? God no! In 2018, BTC dropped 84% before mooning to over 2000%. If BTC drops back to US$20,000, that’s 70% from its ATH. There is still a long way to go up!

Trade safe, use risk management and above all, stay well and positive!

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Are You a Trader?

Invite to Join our TradeRoom

If you’d like to become a better trader, you’re invited to join our TradeRoom where we share daily charts and market analysis. In our community we strongly encourage and teach correct risk management strategies to keep our members safe in this new volatile crypto market.
Join our “Apprentice” plan now for your 7-day trial.

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them. 

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom, you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

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Bitcoin Crypto News Economics Markets

Bitcoin Sinks Below $29k, its Lowest Level Since 2020

Bitcoin has continued its dramatic descent, falling below US$29,000 to its lowest point since December 2020. It’s currently hovering around that $29,000k support level, with everyone wondering which way it’s going next.

BTC/AUD price chart. Source: CoinMarketCap

The US Consumer Price Index (CPI) figures were published on May 11 and the knock-on effect saw Bitcoin piercing the $30,000 support at US$28,170. April’s annual CPI figure is 8.3 percent, down 0.2 percent from the previous month, yet the update sent Bitcoin into a frenzy, its price falling from US$31,700 to $28,170 in as little as 20 minutes, followed closely by a rebound to approximately $31,600:

When In Doubt, Zoom Out

It’s easy to focus on the current dip in price, but if we zoom out further on the timeline we can see the trajectory is still moving upwards overall.

Source: Twitter
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Bitcoin Markets

Bitcoin Falls Below $30K for the First Time Since July 2021

After declining more than 15 percent over the past week, the value of Bitcoin has slipped below US$30,000 for the first time since July 2021 – creating a new market cap of US$588 billion, down from US$900 billion.  

Interest Rate Rise to Blame

The drop, likely a result of the US Federal Reserve’s announcement to increase interest rates by 50 basis points, has undone the brief rebound period Bitcoin experienced after January’s dip.

Bitcoin’s outflow from the week prior has been the highest since June 2021, totalling over US$133 million. This seemed to be the result of institutional investors pulling their assets from the Bitcoin ETF, thus pushing BTC down 50 percent from its 2021 all-time high and causing panic globally:

However, the panic isn’t all doom and gloom, with experts suggesting the industry bubble is finally ready to pop and that there is room for optimism in the reboot. Crypto is prone to macroeconomic shock, and these strong crashes and booms are nothing the industry hasn’t encountered before.

Crypto Market Plunge

Bitcoin isn’t the only player in the industry that’s seen large decreases in value since January’s stock market sell-off. Last month saw US$250 billion wiped from the crypto market as a whole, due to leveraged liquidations and market fear. At the time Bitcoin dropped below US$40,000, and the overall crypto market tumble marked the industry’s worst day of trade since March 2020.

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Market Analysis The Crypto Den Trading

TradeRoom: Our Weekly Crypto Trades Analysis – May 10, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

Since last week, the crypto market has been hectic! We lost another US$200 billion from the TOTAL crypto cap since last week’s analysis article, which is approximately 50% of what we forecast.

There may be some temporary support and relief but I feel the bloodbath is not over.

TOTAL market cap

Bitcoin has hit target number 1 on the downside with absolute perfection! Take a bow! Now remember folks, I trade in both LONG and SHORT conditions so I’m allowed to be a little excited by this. Not only do we make profits on the way down but we also get to buy cheaper BTC! The bear flag is well and truly under way now. As I said above, we could see a bounce soon with a relief rally but I just don’t feel like the bloodbath is over yet. Nevertheless, I’m scaling in and buying more BTC just in case.

If this US$30,000 region of support breaks to the downside, things will get very scary for those who are yet to weather a crypto winter, with some price objectives seeking out US$23,000, US$20,000 and sub-US$20,000 targets.

If you’re in the red now, stay strong. I have 100% faith that BTC will again make ATH and exceed expectations. This may take some time but I’m confident it will happen if it follows my chart analysis.

Image from my April 25 article
Current BTC/USDT

Last Week’s Performance

Well, aside from nailing BTC short I’ll share two trades that played well last week. This is the reason we say, “Don’t buy big green candles in a bear market”. We wait for those relief rallies, then short, based on technical analysis alone.

ZIL/USDT

Managed to snag a cheeky short on ZIL in its recent pump. We identified that ZIL was moving against other ALTS, and BTC having seen its little rally, entering short on both daily resistance and 200/100EMAs. This position is still open and on a leverage of 10x, so sitting currently at 213% ROI with a target of 400%+.

ZIL/USDT

DOGE/USDT

One trade I keep going back to is DOGE. I’ve seen the short potential on this for weeks, if not months, and it’s STILL looking good. Last week I was lucky enough to short the “Elon Effect”, positioning me better than I anticipated (thanks Elon!). A 10x trade is currently sitting at 340% ROI.

I still expect further downside to US$0.04 if we don’t bounce here.

DOGE/USDT

This Week’s Trades

No new trades for me this week as my wife and I have just welcomed a beautiful baby girl into the world, but I will quickly share my thoughts on BTC for you.

IF BTC can rally here we could see some green over the next couple weeks, but that still wouldn’t mean the bear moon is over. It could just be yet another relief rally!

Breaking US$30,000 support before any rally occurs, there’s really not much stopping her going to US$20,000.

Possible BTC next moves

Introducing TCD’s New Social Platform

The Crypto Den now has a FREE purpose-built social platform to share investment ideas, trade chat, connect with like-minded people, share info and more, without the censorship of Facebook. The platform is designed for those more focused on the investment/profitable side of the crypto world.

Are You a Trader?

Invite to Join our TradeRoom

If you’d like to become a better trader, you’re invited to join our TradeRoom where we share daily charts and market analysis. In our community we strongly encourage and teach correct risk management strategies to keep our members safe in this new volatile crypto market.
Join our “Apprentice” plan now for your 7-day trial.

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them. 

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom, you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

Categories
Crypto News Market Analysis The Crypto Den Trading

TradeRoom: Our Weekly Crypto Trades Analysis – May 2, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

The TOTAL market cap lost US$100 billion over the weekend and is currently having a small retrace of that loss. I suspect this will be pretty short-lived, which would bring us to a very important last line of defence. If the TOTAL drops below US$1.58 trillion, there’s huge potential for a US$400 billion loss. This will undoubtedly hurt a lot of people, so please investigate stop losses and make sure you’re prepared for the worst-case scenario!

TOTAL market cap

The BTC monthly closed just below that monthly support and has a window of opportunity to keep us in a ranging situation. Failing that, we get another bearish month and it’s anyone’s guess how low we could drop from here. If you zoom right out and take a good look at the monthly chart, you will see there’s really no structure between US$34,000 and US$14,000.

BTC monthly chart

I’m putting forward some very bearish cases here and that does not mean it’s game over. There’s still opportunity for BTC to bounce, but it must happen above US$30,000! If that level breaks, then it will be a long winter in my opinion.

BTC/USDT 1D chart

BTC is currently sitting on a weekly 100 EMA and some daily support. My bias is still that we see a bear flag that I wrote about last week play out over the next month or two. If so, ALTS will bleed hard.

Last Week’s Performance

ADA/USDT

ADA, like many others, is also at its last line of defence. I entered short last week and am now currently sitting at around 120% ROI. I’d like to see this trade reach approximately 800% in 10x.

ADA/USDT

DOGE/USDT

This entry was partially TA and partially luck! Last week I wrote about my thoughts on DOGE dropping 70%, then Elon decided to buy Twitter (as you do) and DOGE pumped. The luck part was that I didn’t enter right away and instead got in a short on the pump. I’m currently sitting at 170% ROI.

DOGE/USDT

This Week’s Trades

TORN/USDT

I’ve been watching TORN since last week and have just entered a short trade today. Candlestick analysis is showing a lot of indecision at a crucial level of daily resistance. R:R looks good enough for me to enter.

TORN/USDT

TRX/USDT

A 2017 fan favourite, TRX, looks like it could be setting up for a short trade. It’s currently sitting at both daily 200 EMA and daily resistance. If we see BTC drop, this could present a prime entry for short trades.

TRX/USDT

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Are You a Trader?

Invite to Join our TradeRoom

If you’d like to become a better trader, you’re invited to join our TradeRoom where we share daily charts and market analysis. In our community we strongly encourage and teach correct risk management strategies to keep our members safe in this new volatile crypto market.
Join our “Apprentice” plan now for your 7-day trial.

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them. 

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom, you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

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Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Apr 25, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

Let’s dive straight into Bitcoin!

In my last article I outlined my thoughts around BTC painting a very large Bear Flag, and nothing has changed since then. BTC has in fact continued to drop as expected and is currently sitting on a very important price level at US$39,000. Breaking this support will confirm a lower high and bearish market structure. We have seen a fake out above US$40,000 and above the 200 EMA that was short-lived.

Image of BTC chart from my last article
BTC/USDT current chart

ALTs are bleeding out, BTC dominance is rising with BTC price action dropping, the SPX and gold are also down, and if momentum continues I see the crypto market losing up to US$500 billion.

TOTAL market cap

I hope for everyone’s sake that I’m wrong but we need to stay realistic. I’m not out to upset folks with any FUD or purposely sharing a pessimistic view, but I do think people should be prepared. Plan for the worst, aim for the best. The last thing I want to see is entire communities losing 90%+ of their investments like we saw in 2018.

This Week’s Trades

Keeping with my short bias, I’m looking for coins with large volume and market caps to paint some very large drops, two of which I’ve mentioned here on numerous occasions.

DOGE/USDT

I still see DOGE dropping up to 70%, which for me as a leveraged trader on 10x can produce a 700% trade. Two clear rejections on a daily equilibrium supports this. My target for DOGE is US$0.04.

DOGE/USDT

ADA/USDT

Just like DOGE, I can see a 70%+ drop for ADA coming. I’ve been talking about these two coins for some time and how they could be huge short trades when the time is right. I think we could be getting closer! This may upset some holders, but US$0.17 isn’t unrealistic.

ADA/USDT

TORN/USDT

TORN has seen some relatively bullish price action recently and held quite well while the rest of the market has struggled. That said, I think it’s time for a correction here and if the rest of the market does dump, TORN is one of those that will lose a high percentage. It’s possible to see a 60% loss with a US$18.00 target.

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The Crypto Den now has a FREE purpose-built social platform to share investment ideas, trade chat, connect with like-minded people, share info and more, without the censorship of Facebook. The platform is designed for those more focused on the investment/profitable side of the crypto world.

Are You a Trader?

Invite to Join our TradeRoom

If you’d like to become a better trader, you’re invited to join our TradeRoom where we share daily charts and market analysis. In our community we strongly encourage and teach correct risk management strategies to keep our members safe in this new volatile crypto market.
Join our “Apprentice” plan now for your 7-day trial.

The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them. 

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom, you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!

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Market Analysis The Crypto Den

TradeRoom: Our Weekly Crypto Trades Analysis – Feb 15, 2022

Welcome to this weekly series from the TradeRoom. My name is Dave and I’m the founder of The Crypto Den, an Australian-based crypto trading and education community aiming to give you the knowledge to take your trading game to the next level.

Crypto Market Outlook

The TOTAL cryptocurrency marketcap is sitting at US$1.9 trillion, which is where it was two weeks ago. It’s also still trending down in this big bearish channel keeping to a bearish market structure. What this tells me is we have seen the relief rally we alluded to in the last article but still not enough influx of capital to see a breakout into a new structure. It’s bearish until it’s not! A breakout of this channel and above the daily 200 EMA will add US$200 billion of capital back into the market. When this happens, we might get excited.

Total crypto market cap – 1 day chart

Bitcoin to me is still failing to show any real volume. Typical of a bear flag setup, we see a relief rally/dead cat bounce with lowering volume indicative of continuation to the downside. This relief rally has pulled BTC back to the 618 Fibonacci from the last swing, which as most of our trading room members now know is a common retracement level.

Until BTC breaks out above the daily 200 EMA and above US$53,000, the bear case seems much stronger than the bull.

BTC/USDT – 1 day chart

Something else to note at the moment is the stability of the global economy. We have the stock market selling off while gold and oil surge. Big players are hedging, in my opinion, and with the threat of war in Eastern Europe, we’re seeing oil prices rise. As much as I’m somewhat a BTC maxi, I’m not sure it’s matured enough yet to become a hedge in times of uncertainty, like precious metals can be.

Last Week’s Performance

I’m currently still in quite a few short positions, which I’ve shared in our Facebook Group if you’d like to check them out. I’ll share a couple of wins and losses with you from the past week below.

XTZ/USDT

Textbook trade here. Entered short at resistance, took profit at support. Doesn’t get simpler than that! I took 70% of that position off the table and moved the stop loss into a positive position.

XTZ/USDT

UNI/USDT

This isn’t necessarily a losing trade because it never reached our entry, but I thought I’d add this in here to show you can’t win them all. This UNI chart was in last week’s article showing a potential short trade, however we never reached that point and in hindsight we could have entered short from the 200 EMA line. Win some, lose some.

UNI/USDT

ENJ/USDT

Another basic yet effective trade was a short in ENJ. The rising price with lowering volume (just like BTC at the moment), sprinkled with some bearish divergence at resistance, revealed a nice, short entry point!

ENJ/USDT

This Week’s Trades

There are two short trades in particular I’m eager for this week! I’ve been sharing information about them both for quite a while in our trading group.

DOGE/USDT

Again with DOGE!

I STILL see a potential 70% drop on DOGE, currently rising in price on lowering volume as well. I’m currently in a short on DOGE from US$0.16 and, as I’ve been saying, there’s NOTHING stopping a US$0.04 price target!

DOGE chart from my last article
Currrtent DOGE chart zoomed in

ADA/USDT

I’ve been writing about this trade since December 6, 2021, and still waiting! When this daily support level around the US$1.00 mark finally breaks, ADA could likely see an enormous drop up to 80%! In my opinion, this is highly likely if the BTC bearflag (mentioned at the start of this article) plays out.

ADA/USDT

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The Crypto Den was created in 2017 to help the rapidly growing crypto community learn and understand the fundamentals of digital currencies and how to trade them. 

Since then we have taught thousands of members the basics of technical analysis and trading strategies to further progress and perfect their trading abilities.

In the TradeRoom you will be included in a supportive environment which encourages personal growth, education and community support.

It’s a place to share your trading ideas and follow other experienced traders’ feeds to help keep your finger on the pulse of such a volatile market!