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Live Market Analysis On Cryptocurrencies

 

Huge Week for Cryptos!

Short Position Entry Points

 

The SKN Securities view is to sell any rally up to the $7,000 USD BTC level for a move down to $6,400 USD then $4,500 USD target area.

BTC/USD – 180 Minute Chart

BTC/USD – Weekly Chart

LTC/USD – 180 Minute Chart

LTC/USD – Daily Chart

ETH/USD – Daily Chart

BCH/USD – Daily Chart

XLM/USD – Daily Chart

XRP/USD – Daily Chart

 

WHAT TO WATCH FOR TO CONFIRM PRICE ACTION

Price Action & Key Levels

RESISTANCE LEVEL   –   $7,000 USD
SUPPORT LEVEL         –   $6,400 USD

A break & hold below $6,400 will result in a quick drop to $4,500

 

We are currently accumulating a large institutional position for our existing clients in the Cryptocurrency Alternative Coin space which we are calling our next ‘Ethereum Trade‘. This Cryptocurrency is currently trading at around $12 USD a coin and we expect it to move to 280 USD when BTC starts making its move back higher. Any trades initiated at the 12 USD level will be hedged to the downside to make money on the way down.

WANT TO TAKE ACTION?

 

Those that are interested in participating in these trades should email our client accounts department for further details as soon as possible to be included in the trades. In order to participate, you will need to fill in an account application, sign a LOD & NDA and fund your account within the next 7 – 10 days.

Click for a free consultation below to get started!

 

If you want to be part of the Cryptocurrency bull this year and take advantage of these incredible opportunities at the lows then you should register and fund your account now.

This is a detailed report from the analysis division of SKN Securities

 

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Live Market Analysis On Cryptocurrencies, Futures & FX

 

Huge Week for Cryptos!

The ‘Markup’ Phase Has Ended!

 

We expect a 50% drop in all the Crypto’s which was confirmed when BTC broke the $9,000 USD support level as expected.

Our BTC Intermediate Target Remains $4,500 USD

 

It is not uncommon for markets to overextend their move so we expect BTC to go to $3,400 USD and even touching $2,800 USD briefly followed by a bounce back to the $3,400 USD – $4,000 USD zone.

We have already hedged all of our existing clients that have signed our LOD & NDA and they are currently in profit. This means they will be making money on the way down and we are looking to accumulate more Alternative Coins and BTC on their behalf in and around $2,800 USD – $4,500 USD in the months of June and July expecting a move back higher in August with one last retest of the cycle lows in August around the $3,400 USD – $4,000 USD accumulation zone before we start taking out the targets on the way back up to $20,000 USD (BTC) followed by $34,000 USD (BTC) first target.

 

WHAT TO WATCH FOR TO CONFIRM PRICE ACTION

Price Action & Key Levels

RESISTANCE LEVEL   –   $8,000 USD
RESISTANCE LEVEL   –   $7,700 USD
SUPPORT LEVEL         –   $7,500 USD
SUPPORT LEVEL         –   $7,000 USD
SUPPORT LEVEL         –   $6,800 USD
SUPPORT LEVEL         –   $6,400 USD

A break & hold below $6,400 will result in a quick drop to $4,500

 

These are levels to watch and trade. Remember the market will bounce around these levels before making the next move down and these moves can take time to play out. We expect these moves to play out in the months of June and July. We have specific CIT dates (Change of Trend) if you are interested in these dates please email us and we will give you further information, we prefer to confirm these dates with price action nearer the times.

We are currently accumulating a large institutional position for our existing clients in the Cryptocurrency Alternative Coin space which we are calling our next ‘Ethereum Trade‘. This Cryptocurrency is currently trading at around $12 USD a coin and we expect it to move to 280 USD when BTC starts making its move back higher. Any trades initiated at the 12 USD level will be hedged to the downside to make money on the way down.

OTHER MARKETS – FUTURES & FX

 

We already sold EUR/USD for our clients @ $1.2398 USD which is currently trading @ $1.1711 USD. A one lot position in the futures market is now $7,000 USD in profit.

With a $250,000 USD Account, you can trade 25 lots giving an ROI of $175,000 USD in 3 months.

With a $100,000 USD Account, you can trade 10 lots giving an ROI of $70,000 USD.

We expect the Euro to keep falling to $1.09 EUR/USD which will fill the gap that occurred during the French Elections when Macron won. This gap is our target and must be filled.

This means those clients that signed the LOD will have made $15,000 USD per lot on a $250,000 USD account which is $375,000 USD profit and $150,000 USD profit on an account size of $100,000 USD.

There are 4 similar trades like the EURO trade above setting up right now

 

One is in the ES Futures for a move back higher, another trade is setting up in Gold Futures and the third one is in the Korean Won and the final one is in the T-Note which will take place in the next 7 -14 days with a risk to reward of 12:1. This will be one of our best trades for the year. These are all low risk, high return trades with a risk to reward of 10:1 or better.

WANT TO TAKE ACTION?

 

Those that are interested in participating in these trades should email our client accounts department for further details as soon as possible to be included in the trades. In order to participate, you will need to fill in an account application, sign a LOD & NDA and fund your account within the next 7 – 10 days.

Click for a free consultation below to get started!

 

If you want to be part of the Cryptocurrency bull this year and take advantage of these incredible opportunities at the lows then you should register and fund your account now.

This is a detailed report from the analysis division of SKN Securities

 

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Live Market Analysis on Cryptocurrencies

 

Important Week for Cryptos!

The Markup Phase Has Been Initiated!

 

The first level $8,000 USD has been rejected and we expect a retest and a hold of the $8,000 – $8,500 USD area.

We expect a failure to hold this area and we expect the price action to fade lower with a Bull, Bear tug of war consolidation phase.

Following this we expect ETH to break down followed by a meltdown which will signal a move lower for BTC and LTC.

Key Market Support Levels Remain The Same

SUPPORT LEVEL   –   $6,400 USD
SUPPORT LEVEL   –   $5,800 USD
SUPPORT LEVEL   –   $4,500 USD

If $4,500 USD is broken, this will open the door for $2,800 USD!

A break and hold of $6,400 USD will lead to the previous low @ $5,800 USD, a break below $5,800 USD leads to an aggressive move to $4,500 USD followed by consolidation which will open the door to $2,800 USD.

Short Positions Can Be Initiated At The Following Levels

RESISTANCE LEVEL   –   $8,500 USD
RESISTANCE LEVEL   –   $8,000 USD
RESISTANCE LEVEL   –   $7,700 USD

These levels are key resistance areas

 

WANT TO TAKE ACTION?

 

Anyone interested in a Crypto Portfolio should be moving out of the stock market before the 60%-80% drop and they should be positioning themselves at these levels for a move higher over the coming months and years to experience at least 3 – 7 times their money back.

Click for a free consultation below to get started!

 

If you want to be part of the Cryptocurrency bull this year and take advantage of these incredible opportunities at the lows then you should register and fund your account now.

This is a detailed report from the analysis division of SKN Securities

 

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Live Market Analysis on Cryptocurrencies

 

Huge Week for Cryptos!

 

The SKN Securities view is we anticipate a drop in ETH which will signal the move to the low in BTC and LTC.

The longer BTC stays in a range between $6,600 USD and $7,300 USD without a break above $7,500 USD on stronger volume the higher the probability that the market will move lower, however, don’t be surprised to see a mark up of prices before a reversal and a strong move through previous lows to mark a new low at this point. We will be buying @ $4,500 USD for a move up higher which will open the door to $2,800 USD so in addition to this, we will be buying any lower lows to cost average so we are net long.

$5,800 USD is a Key Support Level & Previous Low

 

What we believe is happening is a distribution phase by the larger players for a move lower with retail traders being the main course because they think that it is going to go higher, this is why we are seeing the $6,400 USD area holding with a move to ‎$7,000 – $7,300 USD as the larger players are selling at this level capping the move higher and positioning themselves for another leg down.

In order for this scenario to be invalidated we would need to see strength coming in and the break of resistance @ $8,000 USD and then the $8,500 USD area, but this would have to be on very high volume.

This will be the last chance to get in at the lows!

 

Our bias is to the downside as we are still seeing weakness in ETH and LTC, with BTC being the strongest and with ETH being the weakest we believe we will see a markup phase and a bull trap to remove the longs in the market from the retail players followed by a strong move lower to newer lows.

Key Market Support Levels

SUPPORT LEVEL   –   $6,400 USD
SUPPORT LEVEL   –   $5,800 USD
SUPPORT LEVEL   –   $4,500 USD

If $4,500 USD is broken, this will open the door for $2,800 USD!

 

BTC needs to break the support level $6,400 USD and hold for a move to $5,800 USD and then $4,500 USD.

What to Watch for:

 

We anticipate a significant break of support in ETH which will signal the beginning of the drop in BTC and LTC to new lows.

WANT TO TAKE ACTION?

 

Anyone interested in a Crypto Portfolio should be moving out of the stock market before the 60%-80% drop and they should be positioning themselves at these levels for a move higher over the coming months and years to experience at least 3 – 7 times their money back.

Click for a free consultation below to get started!

 

If you want to be part of the Cryptocurrency bull this year and take advantage of these incredible opportunities at the lows then you should register and fund your account now.

This is a detailed report from the analysis division of SKN Securities

 

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Live Market Analysis on Cryptocurrencies

 

Huge Week for Cryptos!

 

The SKN Securities view is there’s is still a possibility of BTC going lower to the ‎$2,000 – $3,000 USD area if it breaches $4,500 USD and this could happen later if we don’t see a strong rally from BTC at these levels. We expect an ultimate low of ‎$2,000 – $3,000 USD but to better determine the exact timing we need to see the price action to confirm this.

$5,800 USD is a Key Support Level & Previous Low

 

At the moment we are watching to see which support levels are broken, $5,800 USD is a key support level and previous low so if this level gives, $4,500 USD is definitely on the cards, if it doesn’t we expect to see further price rally’s with lower highs until BTC hits our objective or invalidates our view on the basis we see serious strength appear at one of the support areas and a change in market behavior.

LTC @ $68 or close is a good opportunity at these levels and ETH as they are weaker and ETH has already gone to new lows.

Right now although BTC is stronger then LTC and ETH it is still weak and in a downtrend.

This will be the last chance to get in at the lows!

 

Anyone interested in a Crypto Portfolio should be moving out of the stock market and they should be positioning themselves at these levels for a move higher over the coming months and years of at least 3 – 7 times their money back.

WANT TO TAKE ACTION?

 

If you want to be part of the Cryptocurrency bull this year and take advantage of these incredible opportunities at the lows then you should register and fund your account now.

 

This is a detailed report from the analysis division of SKN Securities