The crypto and equities market have been hit with some spooky catalysts and risk assets (tech & crypto) are having trouble holding support. I'M ALL FOR IT!! While it's important to know where we came from, markets move and you'll need to pivot along the way. LET'S DIVE IN. 38.5K - 40K (GREY ZONE) - ENTER LONG 40K - 43K (PURPLE ZONE) - BUYER CONFIDENCE, ADD ON...
SAND has been getting hammered by the current down-trend, just like the rest of the crypto market. However, SAND is still trading in a very well-defined macro bullish channel. We're currently at risk of losing more value with BTC hugging the $38k area, so we have to be prepared for a further loss of value in the coming weeks. In case that happens, I'm keeping an...
A while ago I made an analysis where I discussed the ascending wedge pattern of ROSE. In that analysis I wrote that I was expecting ROSE to fall, potentially towards the bottom support of the chart pattern. Since we've seen some massive bearish pressure over the last couple of days, we're actually quite close to the wedge's support area, see the yellow area....
Hi All, My thoughts on a couple of scenarios. Macro breakout trade if it breaks the long term (yellow) trend line... Potentially a macro fak-eout. I'm bearish in the short term. a) Descending wedge setup b) Right angle broadening wedge etc
Today H₿ Capital is analyzing ₿itcoin (BTC) based on a « 2 weeks » chart 📈 What we can see : - Price could fall straight to our « Trend line of interest » (which coincides with a « Weekly » SSB flat - Ichimoku) if and only if buyers get exhausted during this dip. - Bearish divergence on the RSI (we didn’t even touch the level 46,67 on the RSI), so...
Are we inside a major correction ? Lets follow ! BTC more than likely has completed a wave cycle at 69000 USD on 1 Nov 2021. This wave cycle started at 1 Aug 2015 at 162 USD ! What does it mean? It means we are probably inside a major correction which can push down price to 26458- 34581 buy zone corresponding to 0.618 and 0.5 Retracements respectively!...
The analysis is simple here, on a night the asset class got slaughtered once stood tall, but will it fall? Viewing this on one hour and technical analysis only it appears that it will follow its class mates. I will keep this updated throughout the day. Also view the 4 hour chart for a look at how DYDX bucked the trend. Also view the linked ideas on BTC to...
The diagonal trend line shown in this chart shows us that this trend line is still relevant. For now we've seen it holding today. We can see that 4 times it sends us back with no mercy, including May 2021. But it's also been a catapult of price to the upside. Decisive times 100% At the moment I have a bearish short term bias so I'm going with the option of...
Hey traders, in today's trading session we are monitoring BTCUSD for a buying opportunity around 30-38k zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
The daily candle must regain the first support of the first support of the monthly CPR at 39.1K in order to be able to not signal a huge bearish signal to the market. Closing below would cause a price cascade to the second support which is located at 32K. I'm tagging this as bearish as I don't feel like we won't be able to hold 39K, this is my speculation based...
Wow , First Target Reached ... Let's go for the second one (after a correction) which is 35500$ ... Last night analysis : Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 21.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and...
Bitcoin fell below 40 000 USD and reached our latest short-term price target. Additionally, it reached an oversold condition which made us reassess our views. We think a price bounce from its current level towards 46 000 USD is very likely. However, we are very cautious and expect the downtrend to resume after retracement is completed. Though, we are open to...
As per my prediction of 6th Dec we now have our fake break buy opportunity of the wedge as shown in the chart. Funny how only 1 person liked that prediction to 40k back then lol, you are all so greedy with your crypto lol. Anyone that understands trading properly should see that the weekly charts were massively overbought and overextended from the 200 and 100...
Bitcoin has already lost its support of $ 40,000 and now fluctuates between $ 38,000 and $ 40,000. The next move will show that Bitcoin continues its downward trend. Or breaks this trend upwards up area 1 : 45000 down area 1 : 38000 down area 2 : 36000 down area 3 : 30000
BTC Short Head and Shoulder Pattern go to 31.500 and 20k for longterm target becareful guys staysafe
Based on Elliott Wave Theory, looking at BTC in the Macro picture, Wave 3 ended at 69k. Wave 4 is likely to see a retracement back to 17-25k by end of 2022 before Wave 5 finishes the cycle at 100k+ in 2023.
Now that BTC has failed to hold the important 40k level, the next strong support comes at 29k-30k. 1. If BTC rushes above 40k anytime soon and holds there for a days, then we can see an upwards move to 48k. 2. If BTC rushes above 40k but fails to hold, we can see a repeat of today's move Right now, things are not looking too well for BTC, and i due to the...
The past few Weeks were pretty hard and boring for Bitcoin. It's far from funny to watch the Charts at this current moment. I KNOW! Still, I think there are some things to consider and look out for. Foremost, Bitcoin still is heavy correlated to the traditional Markets, like it was observable yesterday (DJI, SPX, NDX). The Markets are driven by Fear, you can't...