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Bitcoin Attempting a Breakout?Bitcoin is wavering around our upper bound, and target of $20.7K. We are really struggling to break through this level, with multiple attempts and many red triangles on the KRI confirming the resistance. However, with strength in stocks fueling a risk-on rally, we may be able to see a break out. We do appear to be forming a bull consolidation pattern, possibly a wedge or a flag. If we are able to break out then $22.4K is the next target. If we reject current levels, expect support at $19.5K or $19.0K.
BITSTAMP:BTCUSDShort
by quantguy
Ada Cardano Bullish for Long term HodlIn #ada #Cardano Weekly Time Frame , after a long term spike, we have reached Weekly Demand Zone, We may see making the first low of up coming channel Phase Which is a Bullish senario, or we have made our ABC Pullback and we are gonna see next Impalse wave which is also Bullish! now we have just ended a falling channel and gonna enter a trading rang for a while , my predict of start of bull run and the next bullish wave is around halving, the dates and price targets are on the chart, let me know what you think about Cardano! best thing to do is to buy with confirmation not financial advice though!
Long
by sobhanjtn
1
Bitcoin Breaks $20K!Bitcoin rallied after the Case-Shiller Housing Price Index came in deeply negative, which suggests that the economy may be cooling and the Fed may taper interest rate hikes . Additionally, earnings from GM and Coca Cola suggest that high inflation might not be impacting the earnings of some major companies as the markets have feared. This contributed to the rally, which broke through our target of $19.5K and even $20K to finally reach our target of $20.7K, which we anticipated to hold as a ceiling. So far, our projection is confirmed, as we are seeing a red triangle on the KRI at this level. The Kovach OBV has risen sharply, but quickly tapered around this level suggesting we may be at a ceiling. If so, expect support from $20K then $19.5K. If not, the next target is $22.4K.
BITSTAMP:BTCUSDShort
by quantguy
2
Bitcoin Holds the Range 🥱🥱Bitcoin as wavered and tapered down against the hopes of many perma-bulls. We are still caught in the range between $19.0K and $19.5K. Dedicated readers should be tiring of these numbers but should be banking off of the mean reversion trades we have seen come to fruition, right here in these reports, for the past month. Again, it is unlikely we will see any miraculous burst of momentum, but if we do, $20K is a hard ceiling for now. As a floor, $18.6K should provide further support.
BITSTAMP:BTCUSDShort
by quantguy
Bitcoin Holds a Narrow RangeAs predicted yesterday, Bitcoin had prohibitive resistance at $19.5K, and was not able to even test the $20K's. There are numerous red triangles on the KRI suggesting that every attempt to do so was thwarted. We are currently testing $19.0K, the next level down, which we anticipated yesterday as well. So far it looks like this level is holding and if so, expect Bitcoin to drift between $19.0K and $19.5K, which is a very narrow range. Almost a $Billion worth of Bitcoin was taken off one exchange, which will result in a lack of liquidity and supports our idea of a slow drift until more signficant momentum can come through. We expect $18.6K to hold as a floor for now, with $20K as a ceiling.
BITSTAMP:BTCUSDShort
by quantguy
Can Bitcoin Hold $19K?Bitcoin has equilibrated around the base of the $19K handle. This follows a great deal of volatility introduced by CPI last Thursday. We are seeing quite a few green triangles on the KRI at $19K indicating strong support here. But if we fall further, then $18.6K will provide support with $17.6K a floor price for now. A rally will encounter resistance at $19.5K, then $20K. The latter will provide significant resistance which we anticipate will be prohibitive at this time.
BITSTAMP:BTCUSDShort
by quantguy
2
Bitcoin Recovers After SelloffBitcoin sold off sharply after US CPI showed that inflation was yet again hotter than expected. This confirms the Fed's rate hike trajectory, which some were hoping would pivot after signs of inflation cooling. Initially, Bitcoin sold off hard with the news, breaking through our level at $18.6K. But soon after the selloff, Bitcoin pivoted and recovered the losses. We quickly recovered back to the $19K's, breaking through $19.0K with ease and then $19.5K. Dedicated readers should have been prepared for resistance at $20K, as we have been highlighting this as a barrier for Bitcoin for a while. Sure enough, we are currently facing resistance here. We will need a lot more momentum to break through to recover the $20K's. Expect support in the $19K's, with $18.6K a floor price for now.
BITSTAMP:BTCUSDShort
by quantguy