Daily outlook Waves and cycle lines lead to a potential touch at around 92k-95k on the 25th December. If the cycles play out like the first three this can indeed be a Merry Christmas.
Daily outlook: Bitcoin is still following a bearish pattern as the quick retest of the 54K region happened dragging most of the altmarket with it. As indicated in previous video and text update we are starting to have some serious overhead resistance in the region of 61k-62.5k. In order to become seriously bullish we will need to close above these resistance...
Price continuing to glide along the bottom part of the ascending channel, also we are in a secondary, smaller formation that is a triangle. Unless we get out of the triangle we should not make any more. Patience with SOL. BIAS: Bullish
#BTC/USDT (3D) Price is repeating the exact same pattern we saw in previous cycles 1) Correction before OCTOBER 2) Breaking local ATH on OCTOBER Monthly candle 3) Pumping Heavily in NOV -DEC 4) Bear market starts in December/Late Januarry followed by insane alt-season
Confluence point , trade to be posted in the high risk channel
First of all why ETH and not BTC? That is because the attention has been shifting to ETH because of multiple factors. Lets take a look at the 3D chart and map out our position: First of all note the support and resistance areas in the chart. Main resistance area - $4000 Main support area. - $1700 The biggest vertical distance in what seems to look like a...
Never good to reject under a trendline, especially one that is in confluence with a big fib and another horizontal trendline. A retrace is forming now and the bears are looking for their shot to make $15k possible. We are now just shy below the 200 MA and on the 12h chart that is huge. It means that positions can now be SHORT biased, or in other words that we...
⭕BTCUSDT Update Last BTC trade was invalidated, in my opinion it was worth the risk. Now let's take a look at the current formation and compare it to the last retrace from the 30k support that happened on the 26th June. For this analysis i will focus more on the Ichimoku cloud formation, volumes and some fibs. What happened on the 26th June? - We rejected...
All the rumours about MSFT and AAPL getting balances into crypto aren't worth anything until we see the proofs. But if we do get proofs all this idea will get invalidated! Technically BTC will exit the current triangle today or tomorrow , my guess is that is's going to be on the lower side to test the 28k level which is pretty strong , the aggregated orderbook...
A quick look at BTC and we can see that the hourly has rejected at the descending trendline. Nothing special about this predictable move , the possible scalp i have drawn out has a bad RR ratio and i would not advise it . I am more interested in the larger aspect of things as the FUD and FOMO news clash into an amazing war of nothing news. The daily is...
Looking at the formation from a Wyckoff perspective, we are on track. The current retest is ongoing and can down to $32500, if the test is proven successful for a bull move we will continue on the upside to form the first LPS .
Hey everyone, Today's update will not give you a clear direction, this because of the fact that we are getting mixed signals . Positives: 1.Let's start with the Daily which is the main view right now. While we are clearly in the lower part of the $30k-$40k range. We have one important metric that flashed not long ago, that is the Puell Multiple . This metric...
6 Weekends out of 10 are Bearish with crypto , this is one point of view. However when do we continue the trend into the week? Usually this happens with the following recipe: - take 1 or 2 spoons of FUD - 1 spoon of false retrace - a handful of sell orders near critical support levels - all of them happening in a bearish pattern on high timeframes The 30k...
Funny how the market participants scream 80k on every green candle in this formation but want to ignore the fact that te 30k level is weakening. How long can it hold? I mean ok , it is confluencial with 0.618 fib and psychological level of 30k , but still the support is weakening and the only way out is institutional buy in. We depend on the insitutionals to get...
Hey everyone, wanted to post an update on the weekly chart which is looking undecisive at best and bearish at it's worst. Clear Head and Shoulders pattern can be spotted on the weekly chart. The beginning of the formation was identified in december and is still running. One of the most reactive legendary trendlines (dashed on the chart) has is yet again being...
We have seen Supports and resistances broken both ways the last 2 weeks. Bitcoin is now right back at where it started its small rally one week ago. Losing around 7% yesterday, BTC dumped right below that green Ichimoku cloud on the 4h timeframe. This is a sign of weakness and the only think holding us away from a potential continuation dump is the local support...
We were looking for this retrace on multiple pairs, but LTC seems to have done it correctly and among the first ones. The price is now stuck between two descending trendlines that have a moderate resistance. The trade is viable because of the RR ratio it offers.
Institutional bull move in a bear market. Can do a lot of difference in turning tides. Still not convinced that the bears lost all they had, if the pattern plays out we will still be in uncertainty. Caution!