CryptoSpaceMy

CryptoSpaceMy Updated 

The chart is showing BTC broke out of the rising wedge where the price target will be $47k. To invalidate, BTC must close its current 4 hourly candle inside the rising wedge.

CryptoSpaceMy Updated 

After breaching the ascending wedge support, we are now testing the support again without even touching the top of the wedge. Currently buyers are still not stepping in. BTC must hold its support within the rising wedge at around $56k for now or the whole market will bleed.

CryptoSpaceMy

Based on the MACD indicator, the signal line haven't even cross each other yet forming a possible bearish cross. This time it may be a bigger and deeper correction than what we have seen on yesterday. Unless there is a sudden large volume pumping up the buying pressure, I am waiting for a dip to buy! I will update if any reversal move is playing out, thanks.

CryptoSpaceMy Updated 

Breaking out of the falling wedge is meaning as the continuation of alt season! Do not make any bold move before this as we still do not know it is going up or down. Upon breaking upwards, we will have a price target of $57k. Not financial advice!

CryptoSpaceMy

Based on the ZECBTC chart, ZEC had shown a reversal and broke out of its downtrend resistance after 1200 days. If ZEC rally towards its previous all time high against BTC, we are looking at a whooping 890% gains. A conservative rally towards its lower second peak will be a 588% gain!

CryptoSpaceMy

Based on history, whenever LTC is near to its ascending wedge resistance, it will retrace at least 35% to 39%. Right now LTC has touched the ascending resistance and I expect a retracement to around $250 is right around the corner. Previous RSI also indicates that it has touched the retracement signal region to further validate the incoming retracement. After the...

CryptoSpaceMy

BTC has successfully broke through its ascending wedge support turns resistance as volume is slowly building up and could retest $59k in the short term where this will benefits the alt coin to surge in the short term. BTC must maintain its volatility within this ascending wedge to benefits the alt season.Falling out of the ascending wedge will result in the event...

CryptoSpaceMy Updated 

BTC has been broken out of its downtrend resistance as buyer pressure steps in at around $54k. However BTC is facing rejection from its previous ascending wedge support turns resistance at around $56k. If BTC manage to pass through $56k resistance, we will see BTC to test the ascending wedge resistance at $59k. If not, we are looking at a further pullback.

CryptoSpaceMy Updated 

Congratulations to those who short BTC on my signal as it exactly hit my previous price target! For now, if BTC doesn't find support here, we could see BTC to retest its 0.5 fib level which is around $55k-$56k. Shorting BTC in a bull market is extremely dangerous and I do not encourage doing so. Trade at your own risk!

CryptoSpaceMy Updated 

BTC is unfolding a possible bearish inverted cup and holder pattern which will bring us down to around $55k. To invalidate the pattern, BTC need to surpass $59k.

CryptoSpaceMy Updated 

BTC is rejected from its $59.5k resistance and rejected from it forming a bearish M pattern which will bring BTC price back to around $57k if it fail to hold .618 fib level($58k). The more the retest of support the higher chances it will break its support.

CryptoSpaceMy Updated 

If Bitcoin is following Elliott Wave Theory, it will not break all time high after a final corrective wave around $43k. But don't get me wrong, Bitcoin is still bullish long term and with a price target of at least $98k! Correction is much needed for growth as it needs to test its previous resistance and turning it into support. To invalidate this theory, Bitcoin...

CryptoSpaceMy

Yesterday we saw a price drop in CHZUSDT chart because it backtested its .236 fib level support which turns out successfully. This is a normal routine as Chilliz always backtest .236 fib level before making a move in the history. Right now we could see CHZUSDT to reach the price of $0.55 in the short term if BTC don't dump. This move can be further validate when...

CryptoSpaceMy Updated 

If this is a true breakout, this will bring us back to around $0.24. If it's a fakeout, then probably it will continue the momentum following the falling wedge until it found support..

CryptoSpaceMy

Not to panic at the moment. If BTC holds its support at $56k, I expect a BTC price rally to around $63k

CryptoSpaceMy Updated 

Another possible trade with a risk reward ratio of 1.26. Trade with your own risk!

CryptoSpaceMy

BTC managed to break through the downtrend channel resistance at around 58k and now sitting above the resistance. This shows a strong sign for a rally in the coming days. But keep in mind we are still not out of the woods yet until BTC closes above the red rally line! In the short term we may see BTC closes at the around $63k-$64k. And do also expect a volatile...

CryptoSpaceMy Updated 

XRP may be revisiting $1.45 as it is in a downtrend channel for the past 2 days after reaching a price of $1.76. Breakout from the downtrend channel will gives a short term target of $1.71 and it will start to hunt its previous high of $1.96!