1h
03/07/23 Weekly outlookLast weeks high: $31291.8
Last weeks low: $29420.6
Midpoint: $30356.2
The week starting on Monday 19th of June was the latest rally for bitcoin, a strong move up leaving some large FVG inefficiencies left behind that price will look to fill in the future. The upside capped off at just under 31.5k, a high that the bulls couldn't top last week while chopping sideways in a much tighter range than previous, and consolidating under the all important 32-32.5k region where a lot of traders will look to do business.
This week for me will go one of two ways in my opinion:
A slow and steady drop from current price down into those FVG areas, the main one being 27.2-27.75k.
OR
We wick up above recent highs, tag liquidity in the supply zone around 32.5k before a sharp sell off back into those FVG zones before anymore progress can be made above this range.
FOMC minutes event on Wednesday may provide the volatility required for this liquidity grabbing wick.
SasanSeifi 💁♂️XAUUSD👉1H 1924 / 1928 / 1932❗🟡Hey there, buddy!✌
🔱In the one-hour timeframe, as you can see, after the drop, the price bounced back from around $1893/ $1900 with some buying pressure. And now, it's in a range after breaking above the $1917 level.
💹 Here's what we can expect in the one-hour timeframe: after some consolidation and a small correction, the price might move up towards the resistance levels at $1924, $1928, and $1932 with some positive fluctuations. Then, we could see the price getting rejected from those resistance levels. To understand the next move better, let's see how the price reacts to those resistance levels. But if the price breaks above the important $1935 resistance level and holds steady, there's a good chance of further growth. This scenario will be filled out. The possible trends have also been identified.
🔱Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.
❎ (DYOR)...⚠️⚜️
🔹Wishing you loads of success in your trading adventures, my friend!✌️
🔹And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! 🙌
daily timeframe analysis 👇
26/06/23 Weekly outlookLast weeks high: $31443.0
Last weeks low: $28847.4
Midpoint: $26251.8
BTC experienced a massive week of price action last week with nearly non stop climbing up to a high of nearly 31.5K. The all important 32K is still yet to be tagged this year however we have made new yearly highs with acceptance above 30K
The news of a Bitcoin ETF cancelled out the SEC & Binance news, this week is very important for the crypto market in general. With consolidation under the local high it's gearing up for a push above to take out that liquidity above 32K.
After that we have a large FVG near the 0.25 (27.5k) area that could require a revisit before continuing this bullish trend.
There is a bullish orderblock at last weeks midpoint and that would be a healthy correction after a large rally. from there we can plan for what happens next.
19/06/23 Weekly outlookLast weeks high: $26887.5
Last weeks low: $25836.5
Midpoint: $24785.5
Despite a strong end to the week BTC has a lower previous week high and a lower previous week low. In that way we continue to be in a swing downtrend.
A double bottom from last week gives us an area where if we are to continue breaking down we'd have to break below and stay below.
The midpoint from last week controls the bias for me, I think price will find itself there this week and if it drops below and reclaims then the highs are next target.
If price consolidates above the midpoint ands drops below I think we break down towards weeks low and continue trend.
12/06/23 Weekly outlookLast weeks high: $27401.2
Last weeks low: $26363.7
Midpoint: $25326.2
A massive week in the markets this week:
Tuesday - US inflation data to be released tomorrow (Inflation rate YoY, MoM and core inflation YoY.)
Wednesday - PPI MoM, FED interest decision, FOMC economic projections & FED conference.
Thursday - Initial jobless claims & US retail sales
All these events happening so closely together signals huge volatility to be expected. This coupled with the SEC news the crypto space is balancing on a knife edge. We've already seen alts bleed extensively but BTC and even ETH have yet to seen similar sell-offs. Perhaps we will see it this week.
As it stands price is near last weeks low, with the incoming volatility I think we can safely assume that price will break lower, it's a question of how far below it will go.
Overview of Cryptocurrency Volatility - 1h, March, 2023.Analysis of the volatility index in March. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. CFX /usdt.p - 1211.77% (High&Low: 2641.12%)
2. STX /usdt.p - 1052.51% (High&Low: 2191.65%)
3. ACH /usdt.p - 1018.25% (High&Low: 2094.36%)
4. MAGIC /usdt.p - 1017.93% (High&Low: 2076.21%)
5. AGIX /usdt.p - 984.41% (High&Low: 2078.51%)
6. MASK /usdt.p - 948.87% (High&Low: 2023.86%)
7. RNDR /usdt.p - 898.77% (High&Low: 1892.08%)
8. SSV /usdt.p - 897.25% (High&Low: 1969.96%)
9. IMX /usdt.p - 896.33% (High&Low: 1892.39%)
10. TRU /usdt.p (Start: 07.03.2023 12:00 Etc/UTC) - 895.61% (High&Low: 1860.32%)
11. COCOS /usdt.p - 888.94% (High&Low: 1785.18%)
12. SNX /usdt.p - 874.79% (High&Low: 1758.15%)
13. LINA /usdt.p - 871.60% (High&Low: 1871.66%)
14. REN /usdt.p - 857.17% (High&Low: 1821.97%)
15. HIGH /usdt.p - 852.51% (High&Low: 1774.44%)
The coins showed the worst result: BNB /usdt.p - 301.11% (High&Low: 607.70%), JOE /usdt.p (Start: 29.03.2023 12:00 Etc/UTC) - 79.41% (High&Low: 199.67%)
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
Overview of Cryptocurrency Volatility - 1h, February, 2023.Analysis of the volatility index in February. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. CFX /usdt - 1442.02% (High&Low: 2981.36%)
2. HIGH /usdt - 1104.88% (High&Low: 2350.01%)
3. RNDR /usdt - 1045.63% (High&Low: 2153.33%)
4. STX /usdt - 979.39% (High&Low: 2180.80%)
5. COCOS /usdt - 960.65% (High&Low: 2062.28%)
6. MAGIC /usdt - 933.54% (High&Low: 1976.79%)
7. FET /usdt - 905.54% (High&Low: 1953.33%)
8. ASTR /usdt - 898.78% (High&Low: 1919.20%)
9. DUSK /usdt - 891.55% (High&Low: 1768.47%)
10. PHB /usdt - 888.84% (High&Low: 1901.10%)
11. DODO /usdt - 880.97% (High&Low: 1810.57%)
12. HOOK /usdt - 878.07% (High&Low: 1847.88%)
13. LDO /usdt - 835.25% (High&Low: 1784.49%)
14. STG /usdt - 832.73% (High&Low: 1689.60%)
15. MINA /usdt - 810.43% (High&Low: 1836.91%)
The coin showed the worst result: BTC /usdt - 200.64% (High&Low: 450.56%).
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
Overview of Cryptocurrency Volatility - 1h, January, 2023.Analysis of the volatility index in January. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. HOOK /usdt - 1156.19% (High&Low: 2458.48%)
2. ANC /busd - 990.89% (High&Low: 2184.49%)
3. LDO /usdt - 966.14% (High&Low: 2083.05%)
4. GALA /usdt - 957.66% (High&Low: 2052.71%)
5. PHB /busd - 946.5% (High&Low: 2085.62%)
6. APT /usdt - 907.17% (High&Low: 2101.18%)
7. OP /usdt - 799.48% (High&Low: 1760.77%)
8. OCEAN /usdt - 795.33% (High&Low: 1719.13%)
9. GMT /usdt - 789.94% (High&Low: 1695.64%)
10. DYDX /usdt - 747.58% (High&Low: 1612.22%)
11. LUNA /usdt - 712.64% (High&Low: 1519.07%)
12. HNT /busd - 702.37% (High&Low: 1544.36%)
13. FTM /usdt - 689.97% (High&Low: 1485.82%)
14. AUDIO /usdt - 686.29% (High&Low: 1438.73%)
15. MASK /usdt - 678.93% (High&Low: 1494.87%)
The coin showed the worst result: BTC /usdt - 204.1% (High&Low: 465.11%).
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
Overview of Cryptocurrency Volatility - 1h, December, 2022.Analysis of the volatility index in December. Time interval - 1 hour.
Currency - USDT or equivalent to BUSD .
The selection is carried out according to the lists of cryptocurrencies that are represented on the spot and futures markets, with a total of more than a hundred coins.
Top 15 Coins (1 hour):
1. LEVER /busd - 1002.31% (High&Low: 2274.3%)
2. ANC /busd - 784.61% (High&Low: 1519.88%)
3. BNX /usdt - 639.54% (High&Low: 1369.09%)
4. REN /usdt - 593.44% (High&Low: 1249.88%)
5. MASK /usdt - 580.46% (High&Low: 1281.46%)
6. PHB /busd - 574.7% (High&Low: 1326.25%)
7. OCEAN /usdt - 545.74% (High&Low: 1196.13%)
8. HNT /busd - 543.13% (High&Low: 1220.3%)
9. AMB /busd - 537.81% (High&Low: 1220.83%)
10. RLC /usdt - 514.08% (High&Low: 1087.3%)
11. BAND /usdt - 509.97% (High&Low: 1036.89%)
12. ANT /usdt - 505.74% (High&Low: 1059.93%)
13. DYDX /usdt - 483.25% (High&Low: 1051.11%)
14. WAVES /usdt - 475.18% (High&Low: 1080.01%)
15. LIT /usdt - 468.61% (High&Low: 1041.93%)
The coin showed the worst result: BTC /usdt - 122.62% (High&Low: 291.98%).
Full list of analyzed coins: www.tradingview.com
Analysis information for all coins: docs.google.com
Thanks for your attention!
30/05/23 Weekly outlookLast weeks high: $28225.6
Last weeks low: $27040.8
Midpoint: $25856.0
A little late due to bank holiday. BTC did go on a weekend rally to close strong near 28K. We've seen this happen before and usually the following week most of the gains get roundtripped back down, in this case targeting around 26K.
Tomorrow is the end of the month, currently we have our first red month in 2023. Could this be a correction from from a rally since the start of this year around the 16K mark, BTC's value has doubled since then so a correction makes sense even though we have been chopping for what seems like a long time.
22/05/23 Weekly outlookLast weeks high: $27656.6
Last weeks low: $26997.5
Midpoint: $26338.4
With the price of BTC starting the week at the same price it finished it, we had a largely boring 7 days of price action. A very tight <5% spread form highs to lows, the majority of time spent around the $26800 mark with the occasional whipsaw to give the illusion of volatility.
With price tightening the way it is, usually an impulse move follows, the longer we consolidate at this level the bigger the move that follows is the general rule.
01/05/23 Weekly outlookLast weeks high: $30063.8
Last weeks low: $28501.3
Midpoint: $26938.8
BTC starts a new month today. April is usually known as a bullish month for cryptocurrencies in general and although the monthly did close green, the market spent a lot of time chopping sideways inside our new range of 25.2-32.5k. The April candle could be a potential bearish abandoned baby pattern and therefore would see May be a bearish candle that would aim to hit the 23k area
Acceptance above the 32.5k area would be extremely bullish, however having climbed approximately 100% from the January lows, and no signs of new money coming in I'm fearful that that we may have exhausted this rally and need to start again lower down.
24/04/23 Weekly outlookLast weeks high: $30480.8
Last weeks low: $28770.3
Midpoint: $27059.7
Last week BTC erased the previous 2 weeks worth of progress and finished the week at just above the 27k mark, considerably under the 1H 200EMA.
The question is where does BTC find support? I've mentioned previously that the 25.2k area is an area I'm keeping my eye on, I would like to see it retested with a convincing and strong reaction off that level to really confirm that we've broken out of the previous range from thew 15k lows to 25k that we were stuck in for nearly a year. However, this would break bullish price structure and print a new lower high.
I would like to build longs around that 25.2k area if it were to get that strong reaction. until then BTC is in limbo and not really showing any obvious direction to me.
17/04/23 Weekly outlookLast weeks high: $31062.6
Last weeks low: $29603.2
Midpoint: $28143.7
Having missed last weeks outlook (10/04) We had a very interesting week. Price rising to new local highs of 31k, before dropping back towards the 1H 200EMA nearer the midpoint of the weekly range all whilst respecting the quarterly ranges very accurately.
The week has begun with a sharp decline off the 0.75 line towards the 1H 200EMA just above the midpoint. For me, losing the 200ema would be bad for the bulls, it's evident right now that the bulls are trying to defend that position and so far are doing it well. Personally I'm looking for a reaction to the bullish Orderblock that's in the middle of the 0.25 - 0.5 line. Clearly there are some big long positions in that area that need defending/Adding to. It's also at the top of the previous mini range that lasted for a couple of weeks.
My prediction would be: lose the 1H 200EMA --> react off the bullish OB --> retest 1H 200EMA as resistance and that's then key to both sides. If resistance is confirmed last weeks low is the next battleground, but of the 1H 200EMA is reclaimed I could see a push up to the all important 32.5k.
Could be wrong but those are just my thoughts and perspective on things for this week.
03/04/23 Weekly outlookLast weeks high: $29202.3
Last weeks low: $27844.3
Midpoint: $26486.3
From the volatility of the FED's FOMC announcement, the volatility has continued into last weeks price action in BTC. The 1H 200EMA had price ranging underneath it between the week low and the 0.25 quarter line. Once price had reclaimed 0.25 and had a successful retest, the 1H 200EMA was also reclaimed and a large rally followed. Since then the moving average has acted as support as it did for the previous week, this still remains one of the most important indicators for Bitcoins momentum.
With last weeks price action beginning and ending at the midpoint of the weekly range, it's clear that there are slowing momentum concerns. That coupled with the wick up to $29200 to grab liquidity and stop out shorts from the double top of two weeks ago.
I do think we are poised to retest 25.2k at some stage or another, it's a very key level that represents the top of the range we spent 9 months in, which is now the floor of our new range that reaches 32.5k. The potential for a bulltrap rally up near the ranges midpoint of 30-31k before retesting 25.2k would be my guess, however it is just that, a guess for now.
I would like to see certain structure taking place before entering any trades that follows this narrative. For example an impulse rally above 29.2k that stops out shorts and squeezes higher before rejecting aggressively reaching 30.5-31k, I think this will get enough bulls excited to trap them for the dip down to 25.2k.
Parallel channel update! retestI try to use as many indicators as I can to experiment and learn from thier comecomes.
Iv been using the parallel channel tool recently and I enjoy how simple but handy it is.
To me, recently we broke down from a upward trending channel (green) and it looked to me as if I slight downtrending channel was beginning to form (orange)
Yesterday we momentary broke back out of the orange channel, perfectly retested the bottom of the green channel and got heavy resistance before re-entering the orange channel (retest and mini fakeout)
See the link post for past related posts and keep an eye out for updates :)