Despite equities performing poorly this week, top cryptocurrencies have so far held major support. Bitcoin & Ethereum has been testing the major support level for over a week now. It's good to see that price didn't fall along with equities as the dollar rises.
BTC is trading bottom of the range, bounced off 45k to establish a lower high. Lower highs favor probability of lower prices generally. Certainly the trend has flipped and this price action has been shite for scalping. Will be an interesting next few days with US default narrative, bad news in traditional markets could see us back into the 30k to 40k...
I decided to share with you the logic behind my btc analysis in a very short video :)) In brief: we see a falling wedge structure moving towards a very important demand zone! What logic tells us is that a reversal is most likely to happen over the demand zone! See the video for a more illustrative explanation. Personally I would take my chances on trading this...
Hello my friends, This update goes to two clowns @heejstrudlos & @shivaondmt You DO NOT get to have your biased point of view and come into my channel and call me names. Trade thirsty.
Some big dumps here with the Evergrande news... when I called 53k lower high it generally indicates probability is with further downside but it in no way can that predict events like potential real estate fueled recession in China. No oracle outside of insiders can predict that. All you can get are hints and probabilities in the TA. 40 to 41k seems bottom of...
Bitcoin rises 10% from big volume. It needs small rest.
Hello my friends, I hope you are all doing well. On this update we take a look at BTC on high time frames to have an idea on where the price can fall to and what to expect. Trade thirsty, my friends!
Join me on a general chat of my experiences in #crypto i've been speculating for most of my adult life but now because of HEX I achieved all my financial goals and then some Is it too late to get in I say no as there is plenty of Opportunity left IMHO
triggering event that has just occurred giving us the structure necessary to attack to large numbers that we all desire! #HVF hunt volatility funnel engaged! prepare and yourselves :) q4 could be epic and historic getting the meat of the move and the major direction correct is what give u best the gains. (Im not predicting 2022 to be so giving in nature as...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for BTC, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hi All, My thoughts on BTC for the macro bullish perspective and short term perspective. I do see this area were are now at as an accumulation period with a reversal structure taking place. However I do pre-empt the bearish side which I fund unlikely. All the best, S.SAri
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for MATIC, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Fasten your belts we finally entered into consolidation market with some ups and downs along the way. To start I do not (yet) think we are in a bear market. This drop was necessary and long time coming after the slow grind on weak volumes and strong sell pressure coming from the books. Something I didn't cover in the video is the volumes on CME and BAKKT as...
Ethereum, Time for a pullback. The next support is..
Hi All, I discuss the BTC chart and BTC dominance and why I believe a breakout to the 52k range and then 55k range. All the best, S.SAri
Is Ethereum keeping BTC bullish? We have broken the ascending wedge pattern which suggests a move down the range, but BTC is clinging onto the 50k mark really stubbornly. The start of this monthly candle is green, the weekly close is green... it looks ok! I still think probability favors a correction here but as they say, BTC will stay bullish longer than I can...
Let me preface that my views can change at any point IF I see evidence for such. In the video I walk trough the points that are making me feel that the probabilities are high for a possible bulltrap and we are at distribution levels. That are plenty of signs we are hitting distribution range YET this can be delayed longer than we expect has market makers...
As you will see going back to March the 18th; BTC has been very respectful It has made a few strange moves lately, but as I say "it is BTC, expect the unexpected" We have also had 18 months of CRAZY Here is the link to the extension details etc. Have a great week all! Disclaimer This idea does not constitute as financial advice. It is for...