CHRIS_Crypt

CHRIS_Crypt

ATOM finally breakdown the uptrend channel. The massive drop will be seen. With considering Cosmos 2.0 release, the increased minting rewards will force the price drop lower. I suggest to open short at this position; Short CL: 13.5 TP 1/ 11.25 2/ 9.905 3/ 7.985 4/ 5.54

CHRIS_Crypt

BTC tried to regain uptrend. But S/R Flip has been seen and the momentum has going bad and reversed the trend. It should be a good time to place your short and target 17.6k & 16.4k Cut loss at 19.7k

CHRIS_Crypt Updated 

BTC has reclaimed the uptrend as recovery period. so we can expect 21k - 21.4k would be a reasonable resistance to continue the bear trend. I am recommending to set a short position located at 20,974 - 21,431 and target 17.6k. Further update will be provided. So I recommend to open a long position at 20,100 to the position I have mentioned. will see.

CHRIS_Crypt Updated 

BTC has formed a momentum divergence and rejected the up trend at early today with a hard rejection at 24.4k The Daily uptrend has been breakdown and we shall see a further dump if BTC stay under the trend line after FOMC later today. (2PM US Time) It all depends on the FOMC result but I am not going to see it goes up due to the breakdown. Short) Target: 1/...

CHRIS_Crypt Updated 

The Blue downtrend slope is the trendline by weekly downtrend. we can see there is a crossing point located at 26.3k which is a Fibonacci .618. I am staying positive in the end of Aug that we shall see a crossing at 26.3k. Once it breakouts, the uptrend will still valid. else we can monitor the recent uptrend trendline and pray for not breakdown. Else, It will be bad.

CHRIS_Crypt

Check my chart And I got nothing to say. Targeting 14$ & 29.3$

CHRIS_Crypt

Currently, BTC bounced at 22.7k which is a 0.5 Fib. But I do not recommend to place any short or long position in this moment. Bull Side: BTC is still in upside channel and the Higher Low has formed. Also bounced before the channel bottom Bear Side: BTC uptrend price difference is go smaller and smaller. the previous Higher High is in a bad shape with momentum...

CHRIS_Crypt Updated 

there will be a GDP release today, so beware on the price movement. we hope BTC can bounce at the range top around 22.2k. if it back in the range and go lower than 20.9k, recommend to sell all your coin and wait for bottom at 18.9k if it still stay on the top, we can see 24.8k and 26.3k soon. I am staying positive on this.

CHRIS_Crypt Updated 

BTC rejected at 24.2k and lower low has formed, we can try to long at this range and see it bounce to 23.4 - 23.8k and we can take profit at this range and short at the top with 24.3k stop loss range. The short position would be TP at 20.7-20.9k. Lets see.

CHRIS_Crypt Updated 

In 1 Hour Chart, we can see a rejection in 0.5 Fib 20.7k around. we can try to make a short position at this range. If it also day close at red candle, It will be a long term short call and target 17.6-18k

CHRIS_Crypt Updated 

So here is the Wyckoff model if we look at the model. so we are still waiting the bottom in Phase B incoming. I am not a truely Wyckoff Guy. but will see. Drop me a message if you have any comment.

CHRIS_Crypt Updated 

BTC is forming VCP pattern in 1Hour Chart. We will see a breakout soon and target 21.8k, 23k. Position: Long Now CL: 20.2k TP: 1/ 21,880 2/ 23k 3/ Not Recommend to hold. Must TP all at 23K.

CHRIS_Crypt Updated 

The dead cat bounce has been formed and going back to 19k. Pretty sure that BTC will reach 17.6k again. for the mid term trade, we can consider to set a long / Spot order located between 18-17k. and hope that it may go back to 28~30k in late 2022. IMO, BTC will reach 13-15k as I mentioned couple times in previous idea. But it would be possible to happen in 2023...

CHRIS_Crypt

BTC has to form a significant higher high to confirm a bull trend return then we can target 22.9k as next resistance. But we can see BTC was rejected at 21.8k which is a typical false breakout as shown as orange colored Top. With considering Dow’s theory, the following raising is not the same as previous movement. (17.6k to 21.6k vs. 19.7k to 21.8k). So we sure...

CHRIS_Crypt

Currently BTC has formed a reversal trend and going down due to the lacking buying power. We shall see BTC to reach lower point again in coming days. 19.2K & 18.5K are significant support range with extension Fib + Bull Trend Fib retracement point. But I would say BTC shall reach 17.6k or little bit lower to form an second bottom before a bull run. IMO, The ATL...

CHRIS_Crypt

BTC reached the first red line as the weekly 0.786 support and bounce as planned. we can see a pretty hard bouncing and form higher high, higher low. But there is a coherent resistance at 20.9k as white line. If BTC cant breakout and stand above the resistance to form S/R flip. We may see BTC may retest ATL at 17.6k as double bottom with motion divergence....

CHRIS_Crypt Updated 

BTC has reached the weekly .786 yesterday and it did going up and reached back to 20k couple hours ago. Higher High & Higher Low has formed in 1hr chart but we can see it may be a SR flip formed in 21k as 0.236 resistance. if BTC cant form a new Higher High, we might see another rejection in coming days and going to lower and we dont want to see that. we can...

CHRIS_Crypt

as we see BTC has reflected the FED +0.75% news and bounced. we can see BTC/ETH has reached FIB limit: 0.236/0.382. If you have not open your position on BTC long yet, I am not recommending right now unless we confirm the bottom has formed. so here are two scenario, BLUE: next wave didnt reached the bottom 20.1k and bounced with higher than 22.8k and form...