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BTC moving down to close CME gap Last week closed with very bullish candle. Same as month. All together that makes Bitcoin ultra bullish on macro scale. But each move up is usually followed by move down, so this week I expect BTC to head towards CME futures gap. Support zones located at these levels: 8900 - 9050 - 9160. Highest is little above CME futures gap, but CME price is different from Bitmex/Bybit and this difference is changing all the time, so there will be no surprise, if Bitcoin will dump lower. Just in case, as it always does. Certainly it won't stop where everyone expect it to stop, as whales need liquidity that comes with panic and fomo. Week chart:
BITMEX:BTCUSD.PShort
by WiseAnalyze
New CME gapChart made a new CME futures gap between 8765 and 8865. This gap will be closed either before the dump, or after the dump is over and price bounce above 8k. I'd prefer to see it untouched until BTC hit 8k, as this will be more bullish and promising. In case price first go up and then down, there will be less "reasons" to come back. Bitmex/Binance has a little different numbers, but close. Zone from 8150 to 8300 represents strongest support for bullish bounce. 8000 obviously can be wicked within that move as well. If bullish bounce scenario won't happen, price may retrace further to 7555 - 7700 zone. That still leaves the big picture positive, while switching BTC into consolidation period that will take longer time to resume and build new uptrend.
CME:BTC1!Short
by WiseAnalyze
1
Bitcoin bullishYea, Bitcoin has chosen the right way to go! Got above 8300, so now it will act as support for the next time it pull back. With such candle and volume it is targeting 9000-9150 for sure. Shorting BTC at this stage may give ~2% scalp, but risk is too high, as way up will bring much better prizes. HODL! Resistance: 9040 - 9150 - 9550 (longer term, but BTC is capable of covering this distance in one wick 10500) Support: 8200-8300 Progress for past 4-5 days: Fear & Greed index: 56 (<= 49 <= 45 <= 50 <= 41) BTC Dominance: 68.2% (<= 68.1 <= 68.1 <= 68.1) 24h Volume: $96.3 billion (<= 77.3 <= 85.2 <= 101) Remember the big picture of cycles (caused by halving).
COINBASE:BTCUSDLong
by WiseAnalyze
LTC time to retrace a littleLitecoin appeared to be very bullish once BTC started losing its dominance. No wonder, its one of the most popular altcoins and so every time BTC lose dominance, money comes to LTC. While it look so good with bulls volume pumping, it is time to pull back a little. The size of pullback will determine if LTC will be able to recover from downtrend (which it is still within, if you check higher TF), or lose momentum and continue falling. In general bounce above 5850-5900 is positive. Lower support at 5750 also may bounce the price, but momentum will be lost. Of cause there is a possibility price will continue growing in parabolic model, but that is impossible to predict. Game rules are changing all the time. First BTC was growing and alts falling, then BTC grown and alts did. Now it seems that everyone is messed up and not sure what to expect next.
Short
by WiseAnalyze
BNB stable downtrendBinance coin still in downtrend, but at important support 180-181. Nearest weak resistance at 185-188 and then strongest month resistance at 190. In theory that could be a nice bounce zone, but I can't forget insider info I have about CZ dumping BNB because he wants to buy maximum possible amount of it (as in the very beginning he didn't plan it and too much coins were released to open market). Because of this, I am not sure if CZ will stop dumping it here. Next important support will be at 165 and 133.
by WiseAnalyze
ETH dead cat bounceEthereum dumped by almost 10% and bounced. IF you take a look at week timeframe, you will see that ETH never ended its downtrend. Just keep on falling and falling and falling. The only bullish moment it has, is that now price is near historical all time low with falling volume, which could be a sign for potential reversal, but certainly not a confirmation of it. And without confirmation better stay away from that coin. If price will fall below 171 once again, ETH is dead. IF bounce above 173, there is a chance it will bounce to 179. Just monitoring it.
by WiseAnalyze