There is strong going demand. Intraday Volumes at lows are looking great and the Daily seems to picking up a nice steady grind. 37k is a nice bidding area in case of retest of lows to create a bear trap. Remember that this is also a probability. Futures also showing some ongoing strength and Swaps trading bellow spot which implies strong demand coming from spot...
38k and this upper downwards trend line is still our ceiling on BTC. Some of the crypto world is starting to get bullish now, buying at the bottom of this range, 30k to 33k, seems like a decent long. This being said, we have remade our higher low. Not good. 4th rejection of upper trend line. 4h and 1d 50ma/100ma death crosses. Bad. Overall extremely bearish...
Hi All, Here I try explaining what has taken place, and what is the current status for total market cap. I use the structure as well as the RSI on the daily to explain the status. Cheers, S.SAri
On my last vlog I indicated we were in no mans land, broken pattern and I really couldn't make any prediction. A day on, a bit of price action, and the picture is so much clearer. Price action here has felt very calculated by larger entities, lots of big shorts closing to go long, lots of short liquidation hunting, lots of hunting on both sides. I think this is...
We have broken down from the symmetrical triangle, odds have been favoring this breakdown. Measured move down from the break is roughly 23.5k I almost always give a prediction of where I think price is going for the next 24 to 48 hours and today I really cant see anything. We are off the reservation, broken pattern, we need to wait for structures to form. I can...
BTC broke the local trend line, but i think it's a trap.
I believe we are close to resuming this BULL MARKET REJOICE But Make this RUN count! SET OUT & ACHIEVE YOUR FINANCIAL GOALS BE smart and have a plan.
Hi Traders, This is a continuation from the previous post, link below. This still looks like a reversal bottom for the short term however I do see the weekly 10\21 ema as a macro potential resistance which has confluence with the 0.5 or 0.618 fib level, as per chart below. So our ABC correction impulse could be moderate but I'm skeptical and do think a deeper...
BTC attempted to breakout of the symmetrical triangle, we came back down and have failed the retest and looking to test 37k again. Potentially we have actually bounced 37k and could be testing the trend line again next 4 to 8 hours. I see a scenario where we break again to test 40k to 41k and get smacked violently down. Given bearish context I think probability...
Today is a ride day. If you've been positioned. Lets ride it out. If not. We're breaking the diagonal upwards resistance trend line on BTC & ETH (similar Charts) Shib still has some room to oscilate within the upside down triangle. Feg maybe finding a second solid bottom. Thanks for jamming. More info on the development of these positions in the last few video...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
In this video, I explain a pattern that I noticed with BTC that kept repeating every time we reached a new all-time high on big time frames. This is what I like to call the Sadel Pattern. And I believe that BTC will repeat it. Please like and follow for more!
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Slight pullback today after a couple nice green candles. We are right in the middle of this trading range. Showing some weakness at getting above 37k, BTC is signaling a trend we have seen a ton the past month, getting to significant resistance, failing, testing downwards. We don't have many bites left at the 37k mark. MY PREDICTION = I think we fail 37k the...
Having a real tough time calling where BTC goes today. This is almost a day of forming a higher low, it arguably has significance now. This is what you want to see for a bullish trade setup. However I was wanting a proper 33k test. So I need to watch my own bias here. The daily isn't blowing me away, we may need a close of this daily to ascertain exactly what we...
Bitcoin, local trend line - i hope it will be broken.
I'm seeing BTC in a symmetrical triangle currently, a fairly weak one that needs further confirmation. We failed to break and stay above 40k again, this is a trend of weakness we have seen since the 59k test start of May. Considering this recent downtrend, does probability favor breaking out of a neutral triangle? No :(, it doesn't. Measured move down from...
Volume signatures are looking pretty interesting at the moment and intraday show consistent trading like algos are farming all the bitcoin 😂 In this video I talk about the volume produced in January and how current volume are looking similar to write-off those at same levels. It really does feel we found support levels. There is good chance we will see strong...