On Friday, we said it would not surprise us to see Bitcoin plunge below 20 000 USD. The following day, Bitcoin fell to a new low at 19 766 USD. Since then, the price action has been mostly sideways. At the moment, Bitcoin trades near the 20 000 USD price tag. We stay bearish as fundamental factors weighing on the market have not changed. Additionally, technical...
BTC Short Idea Bitcoin Short Idea. R=Risk, Risk of about 3.5%. Targets based on actual risk. The higher the R, the less likely price is to reach that level.
We have been warning about the unsustainable rally in the cryptocurrency market for a while now. Indeed, for several weeks, we have been pointing out bearish developments on the chart of Ethereum and Bitcoin. However, only a week ago, we proposed the idea that the bear market rally reached its peak, and, as if it was not enough, we also said a 50% decline was...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Recent Declines During Saturday’s Session ; This week’s sell-off in cryptocurrency markets worsened on Saturday, with bitcoin falling below $21,000 for the first time in nearly a month. Ethereum also continued its descent in today’s session, as the price of the token dropped under the $1,700 level to start the...
In yet another perplexing move, cryptocurrencies jumped higher after yesterday's CPI print in the United States. Better than expected results sparked a wave of buying among retail investors pumping the price of Bitcoin above the immediate support/resistance and simultaneously into the bullish zone. However, we think this recent move perfectly shows how irrational...
Over the past week, the situation in the cryptocurrency market has not changed much. The price of Bitcoin continued to be choppy, trading mostly between 22 000 USD and 24 000 USD. The inability of BTCUSD to break above the immediate resistance hints at even more weakening bullish momentum. Indeed, the same is implied by several technical indicators and the...
i think this place can be a nice spot to take long shoooots BINANCE:BTCUSDT enter price 22855-23010 sL 22085 tP 23500 24985 26500 27100 gl
Please 1st of all smash the boost🚀 button to support my work if you like it! It's absolutely for free. BTC failed for the 1st... ...and 2nd time... ...to hold above the yellow channel upper edge. Will 3rd time be the charm? Bitcoin just got above the channel upper edge again (for the 3rd time) and I think there is a good chance that this time the price...
We made a case for the ultimate bear market rally just a few weeks ago. We also said the rally's erratic movements would suck many people into believing the market has formed the bottom and reversed to the upside. Indeed, that is exactly what we currently see in the market. Mounting calls for sky-high prices, guarantees of the bottom, and fear of missing out...
Despite yesterday's move up in Bitcoin, we remain very skeptical about the prospect of rally continuation. That is mainly due to the FED moving toward a more hawkish stance in regard to its monetary policy. Indeed, now, it projects another 75bps rate hike for September 2022. As a result, we expect this to negatively affect the U.S. economy as well as the...
Here we go again! BTC broke the white downward channel/wedge which indicates that the downside momentum is gaining more strenght. Price found support at 21000-20750 zone (zoom out), but I think we are just going to test the resistance confluence around 21300 (white and lime downtrendlines) and then we could see reversal and then another leg down to finally hit...
The setup we introduced recently remains valid. We will have our eyes on the FOMC meeting today. We expect volatility to be elevated throughout the day. We will update the idea after the FED decision. Our thoughts are detailed in the attached ideas. Technical analysis - daily time frame RSI paused its fall and became neutral. MACD is also neutral. Stochastic...
In the past few weeks, we reiterated our lack of belief in the trend reversal in Bitcoin. We said the price bounce would be temporary and that it was too premature to call the bottom. Additionally, we stuck to a short-term bullish call and medium/long-term bearish call. Furthermore, we also hinted at signs of weakness that led to the inability of BTCUSD to...
Over the past few days, Bitcoin drifted lower toward the 19 000 USD price tag. Because of the persistence of bearish fundamental and technical factors we maintain our price target for BTCUSD at 17 500 USD and 15 000 USD. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. ...
I think its time to have a rally :) We will see tomorrow:)
Shortly after our last idea on Bitcoin, it started to manifest weakness. Accordingly, we remain bearish and maintain our price targets at 17 500 USD and 15 000 USD. That is mainly due to the persistence of bearish fundamental factors. However, technical indicators across weekly and monthly time frames also support our views. Therefore, we think the cryptocurrency...
This is an untouched line model of each Bull Run complied together and matched up at the peak before falling towards the Bear bottom. I did not fit it together to look nice, and I did not change the angles. It's genuine and undeniable. This is the form that I extracted the 3 line structure used on top of each bull run. The strange confluence that was found is the...
After hitting a low near 17 500 USD and reversing back above 21 000 USD, Bitcoin has been trading mostly sideways. So far, it has failed to move above the 22 000 USD price tag, which hints at a loss of momentum within the bear market rally. Despite that, we remain neutral and abstain from setting a price target for BTCUSD. However, we are growing inclined toward...