We are definitely going to find out which is the case. If you've been following my updates, you know I mainly focus on Macro. So it is hard for me to get caught up in short-term movements, especially in such a downtrend, but something I MUST acknowledge is you can NOT stay biased when signs point to the opposite. The market doesn't care about your convictions....
As the title says, BTC has lost a few important supports over the last few days . Because of these lost levels, I expect a restest of them before most likely deciding what's next. These are roughly the paths I expect, barring any extreme movement. It is a very interesting week for the stock market and will lead to more volatility. Supports and...
BTC As suggested we testing the $28k previous bottom will see if can hold daily candle above 90mins
$btc #bitcoin Personally I do not want to buy into resistance. This is where you should be selling after buying the dip. At 20MA and dg trendline that had held up for months. IMO, better to wait for daily close back above 40.5. Middle grey box is chop zone. Above that would allow for plays up to 44.5k Longer we stay below 40k, 35k is in...
Like the rest of the market, Bitcoin also enjoys a relief rally after the prolonged period of selling pressure. Meanwhile, we again started to notice a revival in bullish sentiment accompanied by calls for BTC bottom, trend reversal, and new sky-high prices. However, we resist these calls and remain bearish on Bitcoin, although we acknowledge that the rally might...
There is only one coin to hold and that is called Bitcoin. The king is about to own half of the crypto market share again at this rate. BTC remains the safest, best risk/reward play in crypto. Not allocating accordingly is a costly mistake. Look at Luna holders that lost billions that could have been in Bitcoin instead. Alas, expensive lessons learned...
BTC Bitcoin has now fallen below the yellow support trend line and is testing the previous lows from mid 2021. I'm expecting a bounce in this area, potentially back up to the red zone around $35,000 which would be an excellent opportunity for shorts, especially if it meets the VWMA 100 on the daily chart in that zone. I think it's likely it falls after touching...
is it possible that we are in a macro falling wedge pattern? If so then we could see a bounce at 17k and then perhaps a long accumulation phase before breaking out.
Bullish divergence on Bitcoin 4 hour chart. Not as good as a divergence on the daily, but the 4 hour divergence tends to perform well.
CMF: Hit MFI: 3 points from floor RSI: 2 points from floor CCI: Hit Additional updates: S&P Bollinger Bands 1D: Historically leaving these bands meant we were close to the bottom in BTC. S&P RSI 12D: Historically hitting ~44 meant we were very close if not at the bottom (currently 47.25). BTC DVDI 6D: We've started getting red candles on the 4D, so we're getting...
Hello everyone! I guess BTC can reach lower prices (29k-30k) in first step, by losing the support level 36.8k and in the next step it can reach (22k-23k) after losing support area (29k-30k) For further information, please don't hesitate to send me massage Good luck!
Comparing Bitcoin spot price & BTCUST shorts, it is often expected that as spot price goes up, shorts should go down; because, why would you short an asset increasing in price. However, it can be viewed inversely as well. For those holding large amounts of BTC, they could be hedging their spot positions with shorts, therefore as price goes up, they hedge with...
NASDAQ:COIN vs COINBASE:BTCUSD Correlation between COIN and BTC trend is high. In 2022 BTC will continue downtrend to reach bottom at around 15-25000$ which is 40-50% loss from current level. Lowest levels should be reached between 2022 and 2023. COIN will follow BTC trends and if we assume that also will lose 40-50% from current levels the best moment to buy...
Hi All, #BTC #BITCOIN Those who watched my live stream on Tradingview, last one will know I"m looking for further downs. However as this is a historical area of demand, 28k to 30k, I am expecting resistance to the downside at best with a modest bounce. If the Nasdaq or SP500 do some upward moves, naturally BTC will as well but I find it more unlikely. Hence the...
🌒Hi friends! There is a lot of news coming right now about Luna and the UST (stablecoin 1 UST=1 USD), which momentarily lost its peg to the dollar and lost 39% of its capitalization. The total capitalization of $18.2 billion became $11.1 billion. Now UST after a panic sell-off is returning to a 0,9:1 peg, but is a drop possible in the future? What was the cause...
🎯Hi friends! From the top 7 most capitalized crypto to the top 32 in 2 days! WOW! Is this really the end for LUNA? In this idea, I will share my thoughts on this project and show you some hidden from retail traders point of view. 💹Luna is already droped by 97% from it`s ATH. It`s not something unusual, it`s a common things on crypto market (2017, 2020), but the...
Finally the bear market is close to an end. Back in January I gave an estimation that BTC would bottom around 29-32 most likely and then updated with a possible 24k narrative. Obviously I have been gauged in the turmoil of emotion as everybody else. The most recent example was 2 weeks ago as I was expecting BTC to start climbing...I am human at the end of the day...
good morning o/ (or late night) if the cpi data comes back positive today, i think there's a very high likelihood of us seeing a massive short squeeze. 55k would be the upside target, on a full on expanded flat. shared this scenario a few days ago view, check out the original thread 👇 ps. it can absolutely go the other way as well, so don't throw in more...