✨ Absolutely amazing news here with the ruling by the D.C Circuit having ruled in favor of Grayscale in it's lawsuit against the SEC for the SEC's decision to deny Grayscale's conversion to an ETF successfully paving the way for Grayscale's filing/ETF petition to be reviewed. ✨ This amongst a series of losses and hard hits for the SEC the past few weeks has been...
💥 Making a quick follow up on the earlier idea of Bitcoin's retrace. We've lost the 200 EMA on the minute chart and we're gonna be looking to that $22,760 mark of support. What we are looking for is to see whether or not we'll find support here and regain ground or continue to retrace which is still very much in the picture as we haven't even come yet close to our...
💥 Hey guys, wishing well as always, I just want to pump this idea out real quick but we look at the chart and Bitcoin we could possibly be getting ready for a retracement on Bitcoin soon or at least in the next few days which is a very possibly outcome. 💥 Not only that but a retracement would be healthy for the crypto else we risk a mountain fall by which case...
🔥 Hey! Hope everybody's doing well. I've been on sort of a hiatus this month dealing with a lot of unexpected things that have come up but alas I've switched to part time so I'll be back to posting more frequently as I use to before and introduce some stuff as we progress so thanks for tuning in, especially if you've stuck around! 🔥 For now we've seen this rally...
⚡️Alright so this won't be much of a specific TA just due to the fact that I've got to go but I'll give this quick for now. Stuff is basically looking like we could be in for another Death cross if that 50-day moving average slips below our 200-day moving average. We've regained our ground since the slip to $16,900 basically but if we fail to break $17,200 or get...
⭐️Hey! Wanted to come in to give you guys a quick TA as well as just check in, been a busy month as you guys are already aware I'm sure. December is going to be my busiest month this year most likely so just be aware of that but definitely wanted to at least get a post in for you guys. ⭐️Seems we had this short rally happen sending Bitcoin up to that $17,350...
🦃Just a real quick Bitcoin Thanksgiving TA here for you guys. 🦃 It's nice to see that bitcoin following up from our previous idea has managed to touch the bottom of that channel we had which is slowly moving up as it's at an angle. For now we'll just say $16,800 as that is where things stopped short of a breakthrough and you see what's followed. 🦃We haven't...
🔎Bitcoin has managed to regain it's footing and regained that 200 EMA against all odds so I'm happy to see that but if we look we can easily see how we got kicked back down at $16,680 which has already been a resistance point so that's something to mark down if you'd like. 🔎Support kicked in at $16,333 but we don't have any past support points at that mark so we...
🔎Alright so to keep things simple Bitcoin has lost it's cool and chilled out a bit too much falling below and out of our channel following the relatively weak support that had been showing the past few days. Thus we exited the channel once more and have fallen as you guys can see already here. This is the previous idea by the way to demonstrate the channel. ...
⚡Alright so basically Bitcoin is still testing but not looking to positive as we've exited below our bottom channel mark and are looking like we may fail to regain that 200 EMA. I hope that isn't the case and support kicks in else we can be looking at another leg down and face $15,680 again. Leaving it here for now since what we're looking for is just to regain...
🔎Chart about says it all, Bitcoin is still testing and within our newly marked channel from the last idea as linked below if you want to check that out: 🔎Bitcoin failed the test first when we ended up falling out the channel to which we were rapidly approaching that $15,680 mark before some massive buy pressure kicked in likely on behalf of larger whales...
💥Question now is what happens next, we can clearly see the tug a war going on right now which isn't too unusual after a big fall and set of moves which have seen us hit 2 year lows. The test is still ongoing and we'll likely see the end result/grading in this next move depending on which way our tug a war chart ends up moving. That move will likely start a chain...
💥Question of the hour is whether or not Bitcoin has failed the main test of managing to regain it's 200 EMA instead just barely skimming it before losing it and falling as it is right now. Price action is going ballistic both ways showing that both teams are fighting hard as they can to prevent one or the other from getting a grip as we battle July levels....
💥Welp. We can give thanks for all of this to Binance. Good job on Binance for sinking the market and starting this sell-off. Words can't even do this justice. We've broke through all of my supports to a 2 year low we haven't seen and I'm beyond disappointed in myself but most of all Binance. Thanks to them selling off their tokens it's started all of this and set...
💥Crypto market has been hit hard virtually overnight just like it was when Celsius rumors started swindling and then actually hitting. This time it's Sam Bankman-Fried's FTX exchange and his trading firm which are in the hot water right now as Alameda Research was revealed to hold a large sum of FTT tokens and SOL of which FTT is the main in house exchange token...
🔥In yesterday's idea which was a literal warning about retracement we spoke on how past price action would likely have us seeing some big retracement and that's exactly what we've seen happen which brought us up to my closest marking below of $20,600 which we've already had marked down now for a few weeks. Tt's nice seeing a bounce form preventing us from falling...
💥Haven't had any real retracement happen yet but I'm still keeping it up as we've yet to see anything solid. Though I could be wrong and we could simply form another leg up but I'd like to see some retracement happen first else we could be in for a storm if bears wanted to hit us with a real good mountain exit up there and cause a sell off as they've done before....
💥I'll keep this short but I can't emphasize this enough, watch out for that retracement! I'm sure you can see what I'm looking at as well and while we're real happy to see such a move like this we can't ignore the fact that we're gonna need that second half of the mountain to form/retracement before we can move up again unless we get some insane news or something...