BlackTieCrypto

BlackTieCrypto

Everything you want to know about Bitcoin right now is on this chart.

BlackTieCrypto

Bitcoin has been doing nothing but trading sideways, but the rejection of the 50% Fibonacci is still in play. My overall outlook is still bearish, with the price going to 39.3K/38.5K. There's still a chance to go back up to fill the daily bearish FVG, but in the end, the final destination is the same.

BlackTieCrypto

Bitcoin is going down, but a 4H chart shows we're at the support area provided by the 50% Fibonacci drawn from the low in August 1st, which means the main trend is still bullish. Only with a 4H candle closing below 29.3K we would be talking about a continuation to the downside, and even in that case, we still have another support area between 28.6K and...

BlackTieCrypto

Bitcoin following to the latter Nasdaq performance in 4H chart. You see now why it's important to keep and eye on tech stocks? Remember, #Bitcoin and the whole #cryptocurrency market is just the size of a Nasdaq stock.

BlackTieCrypto

#Bitcoin 4H chart has slowed down since the March 27th pump, moving sideways since them between 46.6K and 48.2K. Now showing a smooth downtrend in the last 8 hours in the lower half of the channel below 47.4K. Above 46.6 we could still continue in the current range. Below it next big supports are at 45.6K and 44.1K as pointed out in the last days. We'll see if...

BlackTieCrypto

Pretty impressing right? Bitcoin is just another tech stock, the whole cryptocurrency market is not bigger than Amazon, Google, Microsoft or Apple.

BlackTieCrypto

All BTC supports for the incoming correction on 4H Timeframe. Simple is beautiful: - Green: still bullish outlook - Yellow: limit - Red: bearish outlook All based in data from the last 15 days. Enjoy.

BlackTieCrypto

All BTC supports for the incoming correction on Daily Timeframe. Simple is beautiful: - Green: still bullish outlook - Yellow: limit - Red: bearish outlook All based in data from the last 15 days. Enjoy.

BlackTieCrypto

#BTC is now trying to close its first full candle above bull market support band, which is now at 44.7K and also matches the 200 day EMA and the 50% Fib. Retracement traced from July 2021. We're even close to the 200 day SMA at 48.2K, which is the last moving average to conquer and just 2 days away from our yellow box, where we pointed out now weeks ago those...

BlackTieCrypto

$NDX looking almost exactly as #Bitcoin: - Moving in a really tight range - Candles above 50% level are bullish - Biggest resistance at 14869 - Biggest support at 14407 - Already above 50 day SMA - Now exactly at 200 day EMA - Bull cycle starting around 153100 - MACD climbing Looks like the the dates we marked on our #BTC daily chart (March 30th to April 3rd)...

BlackTieCrypto

Update on #Bitcoin on a 4H timeframe: - Currently ranging between 43/45K - Small accumulation zone around 44.3K - Biggest resistances at 45/46K (multiple moving averages and fibonacci's confluence) - Biggest supports at 43.3, 41.2 and 40.3K #BTC is moving in a tight range now of about a 1-3.5% as we approach to the most important resistance which is between...

BlackTieCrypto

#Bitcoin being rejected in red "sell zone", almost exactly at upper Fibonacci level and 200 day EMA, with a potential MACD bearish cross formation in the 1D chart. In case of a sudden drop, watch for daily closes above or below 40.8K. Daily volume has been going down also. On a closer look to the 4H chart, the line that tells you if the short term is going to be...

BlackTieCrypto

$EGLD #Elrond entering the sell zone (red box) between $186-198 where the 21W EMA and the 200 day EMA are now, probably going back to touch the 50 day MA (curved red line) after getting rejected. The "buy box" (green box) is now between $140-$150. The game here is simple: - Buy in the green box - Sell in the red box - Stop loss at $132 (or 5% below your buy...

BlackTieCrypto

A 50 day and 200 day simple moving averages analysis also supports the hypothesis that the market will start a real recovery in a few weeks/month (thread): - Every time 50 day MA crossed 200 day MA to the downside (aka "death" cross), market was already crashing. - Last time 50 day MA crossed 200 day MA to the upside ("golden" cross) it only took a few days...

BlackTieCrypto

Keep it simple: - When you see Bitcoin BELOW the 2 lines the market is bearish and the best thing you can do is to stay on stablecoins, staking or farming. If you really have a lot of time you can also play Play2Earn games and chase Airdrops. - When you see Bitcoin ABOVE the 2 lines the market is bullish and you will probably earn more money just investing in...