Why you won't see trend-lines in any of my videos
Has BTC found its new range for a while or will the drop continue?
After a couple days of pullback, the RSI on the 1hr chart has fully gone from the high extreme to the low end so a from bounce here is likely. However, the momentum is still in favor of the bears and the EMA's continue to point down. On a bounce from here, there are two resistance levels to watch. First is the 6474 level and then 6520. Looking at the fibonacci...
The 1hr chart is looking like a bear flag as it bounces higher and at resistance now. The good news is that prices found support right at the breakout point which is support now. On the 4hr chart, the support level corresponds with the 22 EMA. The 4hr view looks positive so if we see a break lower from that bear flag on the 1hr, it may be a buyable dip with the...
Hello guys, I decided to try a new format. If you like it, if you think it's more interesting - please reward me by your LIKES. Also I will be glad to read you opinion about such format in comments and what do you think about Bitcoin's future movements. P.S. It's my 1st experience in making such market overviews and I'm not a native English speaker. I promise to...
Some interesting developments on Tether. As the confidence Tether starts to fade more and more you will see a much larger price difference between exchanges and screwed up Trading.
Just going over some observations about BTC USDT and the potential entrance into a new market cycle. 1. The compressing descending wedge from the bull run has reached an end point. 2. New geometric form emerging as the waves begin cycling out of the compression 3. No prediction, just ideas.
Happening sooner than expected (reasonably so) we have broken the prior support of our last wave up, bringing us back to near the bearish bottom region. Expect sideways between 6500-5900 for a few days with a recovery towards 6700 coming shortly.
Quick rundown on "Theory Sketch" of BTC movements. IN SHORT: Sideways for two days, seeking the orange band region on the path up to the yellow band. SIDE NOTE: Alts are disproportionately bleeding indicating some shady shit. Always keep and eye on BTC.
Entering high pressure region. Potential retracement to 6900 region as we continue upward in the channel. Significant overbought period wont last much longer. Extremely charged for upward or downward motion. If we make it through this region going sideways we will most likely jump up above the yellow region.
Basically we are looking at a 2 week or less cycle time until we are back at the bearish bottom / support region. Expect the time cycle to be even shorter due to a larger bearish sentiment than last wave up. Alternate occurrence is that the bottom of the yellow band region serves as the new top and we range between 7000-7400 for next few days before dropping.
Quick update / review on prior trade prediction.
Good morning TView, Hope y'all liked my analysis. As you can tell that I still believe we're going to ultimately move down but the 5 wave structure may play out with a max target at $7000 as I've mentioned before. We have to see if our resistance turned supports will hold though. Given the nature of that artificially created move yesterday, I'd wait to see price...
Thanks for watching my analysis. Hope y'all enjoy. Post questions, queries, and comments. I expect us to either face that trend line resistance at 7700 that goes back all the way to last year and go down or we break through double-top at 8200 and then go back down again. Either way, I do believe we are bearish in either scenario. I, myself, have been bearish...
My top picks for the day 1 of 2 Key Iost Lend (low liquidity) Gas (watching for movement) Bcc (hit .1 again. CND (somewhat low liquidity) BTC (shorting til 7.9)