PerQuantumCoin

PerQuantumCoin

Good morning traders, As expected, Bitcoin went to the 25k - 26k area. An important price point that was on the horizon for a very long time. There's a strong case to be made that this is the bottom, or at least, A bottom: - Historically, only once BTC went and stayed below the 200 weekly ma; - the week S1 pivot is also a historical strong support; - last week...

PerQuantumCoin

Good morning Traders 2 months ago I published a chart of LUNA calling it the 'outlier'. Well, LUNA is still the outlier here, but not for the same reasons, as it just lost nearly 97% of it's value in a few short days. This kind of sell-off does not bear well for the future of the asset, but it is a good reminder for not marrying your trades - further in...

PerQuantumCoin

Good morning Traders! So BTC finally broke out of the 4+ month range, although it was to the downside, catching many by surprise. Measuring the size of the range, we can predict a fall at least to the 27k-28k price area, which aligns with two very important and strong historical supports: - it's where the S1 weekly pivot is sitting and the 200 wma as well. As...

PerQuantumCoin

Good morning Traders, Bitcoin indeed went again to the bottom of the range. It's been 4 months now that BTC is within this support and resistance, so if nothing's change, trade accordingly - trade the range.

PerQuantumCoin

Good morning Traders, I mentioned in the previous post, since the Breakout didn't had continuation, a revisit to the daily Pivot was inevitable. It was a good opportunity to go short! Now, is it just a retest to gain momentum and go up, or is it telling us that it's about to go to the lower part of this range once again? Weekly timeframe is not looking...

PerQuantumCoin

Good morning Traders. This doesn't look too good for BTC. Volume didn't come in for the breakout attempt and thus there was no continuation on the March 27th breakout candle. At least a recheck on the Daily pivot at ~43600$ is in the cards.

PerQuantumCoin

Good morning Traders Bitcoin is finally trying to break out of the range. Careful though, it's not the first time that it attempting it and it's finding resistance at the daily R1 pivot. As always, continuation is key here. If the breakout holds and continues this might be a great opportunity to start a big move up.

PerQuantumCoin

Good morning Traders. Today we take a look at the 41k important price point. For more than a year now BTC has been flipping support and resistance around this price. There's a lot of support and interest below the line as we can see from the Volume Profile and we're currently narrowing the range around the line, which means that when it takes off (be it up or...

PerQuantumCoin

Good morning Traders Remember, the best strategy to trade ranges is either on the support or on the resistance levels. Trading the middle is asking to be chopped.

PerQuantumCoin

Good morning Traders, Almost every crypto chart looks the same, except LUNA. LUNA doesn't care about bear markets. No signs of stopping for now.

PerQuantumCoin

Good morning Traders. Looking at GOLD today we can obviously relate the recent increase of it's price to the ongoing war on Ukraine. Although it's value has been increasing since 2016. Also look at Volume since 2007. Last two years we're seeing a really noticeable drop in volume for the first time since then. Something to keep an eye on. Price just hit the...

PerQuantumCoin

Good morning Traders. Today provived a good example on how important continuation is. Yesterday's overly excited Day Candle caught many on the wrong side. In just half-day, yesterday's bullish candle was matched with a bearish one, with almost the same volume - in half a day . Pay attention to Volume here.

PerQuantumCoin

Good morning Traders It has come to my attention that people didn't know the fact that Russia is the world's largest exporter of wheat. And Ukraine is the fifth largest exporter. Anyways, here's the chart. Make your own conclusions.

PerQuantumCoin

Good morning traders. Over the weekend BTC did not hold 41k which was the best case scenario for continuation to the upside. In my opinion there's a key level to look up to now: around the S1 Daily pivot, with a wick down to ~35800. Notice the clear spike in volume on the Jan 24 candle, and then again on Feb 24. To me, those wicks are clear demand strutures and...

PerQuantumCoin

Good morning Traders An updated look at yesterday's Idea, on a smaller timeframe. Humans and their constant hability to long resistance and short support :)

PerQuantumCoin

Previous rising support now turned resistance. Nonetheless there'e a possibility of a W bottom under it - should be interesting!

PerQuantumCoin

The divergence played out well, but no long signals so far. Maybe just a temporary relief and then down again. Let's wait an see if RSI breaks through the 50 resistance level.

PerQuantumCoin

Almost to the day, the same pattern seems to be repeating itself on the 12h TF. One should not discard these so-called "odd timeframes". Also, pay attention to the volume on both occurrences.