BTC Analysis Possible 35k TargetMarket is breaking down from a rising parallel channel after rejection at 41k. Bearish candle closing below 20, 50, and 200 EMAs. Tight squeeze on bottom band of Bollinger and has over extended. Next level of support is at 36.6k. RSI level on 1H almost crossing oversold region. If Bulls do not regain control of the market and downward trend continues we will be seeing BTC at 35.8k by week's close.
BTCPERP
BTC short setupBTC has pushed into support a number of times, and while it is holding for now the support appears to be getting weaker.
If price does not have a good bounce off the support soon it is likely to fall through, giving us our short setup.
Start stacking shorts now, or short on the break of support for a more conservative approach.
BTC daily update - 4H and 1H timeframes reviewed4H
Price made a good push into a key level, sweeping the previous high and closing above the 200 EMA, however we are still trading below the sweep of the high.
In order to see further upwards momentum in the short term, the key level and 200 EMA need to hold.
Bitcoin (BTC) • Time to short 40k?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 (or degens shorting and getting rekt in the process).
Check the video for more details.
I'm trying to get these videos max around 7m. I failed again. 🕯
BTC daily update1D
Price swept the recent low and we saw a good bounce up into a key level at 35.5–36.5k. Price is currently just above this level and is yet to flip it to support. Price is still sitting under 100 and 200 EMAs. RSI is beginning to make higher highs.
4h
Price has just ran into the 100 EMA and is seeing a rejection. RSI is beginning to show strength and OBV is increasing.
Prediction
Price will begin to compress between the 4h 100 EMA and the 35.5-36.5k region. If this region can hold as support then we should see a move to the next key zone, being 39.5-40.5k. This area is confluent with the 4h 200EMA and 1D 100EMA.
Bitcoin (BTC) • Consolidation while Alts have their momentBitcoin is in a very difficult position at the moment.
Low volumes, low volatility, books look like accumulation but keep flipping liquidity pressure up and down every 4-8h or so.
In this video we also take a look into Funding Rates, Swaps/Spot Basis, Futures Premiums and Bitcoin<->Altcoin Rotation charts.
Make sure to check my latest article in the links bellow.👇
$BTC reversal: bullish news and bullish candlestick at supportBitcoin closed the daily candle above weekly and daily support, also forming a bullish hammer-like candlestick. This alongside the bullish El Salvador news, and the other countries starting to fomo into btc makes this a low risk entry. Use stops if we break new lows though. Take profit as we go up
Bitcoin (BTC) • Let's do some On Balance Volume analysis Bitcoin want to test higher but volumes overall still looking very weak to be considered bullish.
Swaps keep trading back and forward but futures still remain relatively flat with normalised premiums (that is good).
Funding rates currently favouring shorts as price mark up.
Overall feel pretty neutral leaning bearish (even if we mark up to test 45k range). Daily and Weekly timeframes look ugly.
I want to see volumes and some other strong signals coming out of futures to be more convinced that we found a bottom. At the moment I am not convinced.
In this video I focus on the analysis of the On Balance Volume (OBV) indicator.