ponkirill

ponkirill

BTC 1D chart can’t cross EMA100 and while the price is moving between 10 000 - 10 500, EMA 10 has come closely to EMA100. Intersection would be a bearish signal. MACD still under 0 - bearish. Gold is about to reach 1940-1930 levels next week. It has closed below 9, 50 and 100 EMAs (4H chart). Next possible moves on the chart. This post is only for...

ponkirill

Next ~30 days won't be good for BTC, here are several bearish signals on a weekly timeframe: 1) Price has bounced from the level of 0.236 of Fib 2) Weekly candle may close under EMA 10 3) MACD is ready to cross the signal line Probably we will see a flat for the next weeks with potential drop. It's better not to intersect the level of 8800 if we want to see...

ponkirill

It looks like we can close the weekly candle under the level of 0.236, so the possibility to test lower levels is growing. Important factors - EUR/USD and GOLD - should start a downward movement. Actually I hardly believe it, but why we have seen today such a big sell of BTC? Just to make a smaller gap for CME traders on Monday? Probably there are more reasons for...

ponkirill Updated 

I just want to show the behaviour of the chart and RSI in 2019 and 2020. We've moved too quickly into the overbought zone and now BTC need a correction. Then it will be possible for the fifth wave to reach the level of 14 400. In general, everything looks as if a big pump of the entire crypto market was being prepared for the summer, but covid ruined all plans....

ponkirill

In the first triangle we observed a false breakout of the lower boundary, then the chart remained within the triangle to the very end. Further, the chart reached the level of 0.236 (9200). I expect a downward rebound. The most radical target now is level of 8500. At the same time RSI gives a bullish signal. This post is only for educational proposes and does...

ponkirill

The chart remains within the downward channel. We can see an interesting picture here. The intersection of the channels forms another triangle. Strong movement may happen before 29th ofJune. Breaking the bottom of the triangle will give us hope for a further fall. Breaking through the upper boundary will return us to the boring flat. By the way, have you seen the...

ponkirill

On 22nd of June I made a forecast that the chart could reach the level of 9500 but it went further and reached the level of 9700. OK, at least the chart returned to the downward channel, so we can call it a "bull trap". I moved Fibonacci Retracement closer to the current candles and saw that the chart reached 0.236 of Fibonacci. In theory, after reaching the level...

ponkirill

It is possible for BTC to break the downward channel but be careful, the B-case could repeat the A-case. I think MA 200 (4H) and the upper border of the downward channel will be points of strong resistance for the chart. The level of 9060 could be just the first step of the downward movement. This post is only for educational proposes and does not provide...

ponkirill Updated 

On 17 of June Bears had a successful attempt to reach the level of 9300, but there was just a test of the level. Now the price is moving between 0.5 and 0.328 of Fibonacci. We are looking on the 1H chart and 'what a surprise' a triangle was formed. I'm expecting strong volatility in the next few days, there are several reasons for this: 1) The upward movement will...

ponkirill

On 16 of June Bulls couldn't gain a foothold above the level of 9500. Today we can see that candles started to form a triangle on a 30 minute chart. The upward movement will help to reach the level of 9700 - 0.618 Fibonacci. The downward movement will open the way to 9300 - 0.382 Fibonacci. Considering the fact that again - a divergence on RSI (30m chart), so...

ponkirill

In my opinion, we will see a movement out of the uptrend before the end of the month to the levels of 8600 - 8700. Here are a few reasons: 1. A downtrend has been forming for two weeks. 2. We can see a strong divergence of the BTC chart with the RSI and Volume charts. 3. At the moment, the bulls are trying to take the level of 0.5 Fibonacci (~9500), but so far...