Small Rally in Bitcoin 🥱A small rally in Bitcoin has gotten traders hopeful, however we feel this is nothing to write home about. We have not even been able to test the relative high at $32.3K. We have barely cleared $31.0K, before meeting strong resistance confirmed by red triangles on the KRI. If we do not see significant momentum follow through, then we are sure to test lower levels at $30.2K, then $28.8K or even $27.9K. If we are able to break through $32K then our next target is $34K.
Hodl
ETHUSD: BearishHello Traders and Investors,
Crypto and markets overall haven't been looking good all year. We can clearly see that ETH had a head and shoulders pattern that broke the neckline. I am expecting the price to continue to move down in the coming days and weeks. We will have a small relief rally once the target is reached. I am waiting til then to go long if opportunity presents itself.
However, I do believe BTC will head back to 20k at some point. So whenever that happens we will start accumulating more ETH for the long hold. If the price continues to dip, we will buy more ETH and hold for the next bull run. It will come like it had multiple times in the past.
Thanks
Bitcoin Rejects $30K Again!Bitcoin has edged higher with the stock market rally, but faced strong resistance in the low $30K's, immedately rejecting back down to $29K. We noted red triangles on the KRI during yesterday's rally, suggesitng that it was encumbered by resistance, and did not have the momentum to continue. Range trading, playing the upper and lower bounds of the value area between $27.9K and $31..0K seems to be the best bet for now, as this range has held for more than two weeks, with the exception of a brief foray testing $32K. The Kovach OBV is almost completely flat, suggesting we need serious momentum to come through before we can hit higher levels.
We were Skeptical of the Bitcoin Rally...We warned readers that the Bitcoin rally may be short lived and that we were skeptical of the bull run. Sure enough, Bitcoin gave up up the $30K's where it appeared to be establishing value and collapsed right back down to the high $29K's. It is currently in the value area that it had held for two weeks, after the huge selloff on May 12th. The Kovach OBV is still relatively flat, so Bitcoin is likely to hold this range, between $27.9K and $31.0K until more momentum comes through either way.
Bitcoin Loses SteamBitcoin has lost momentum, but is holding the range between $31.0K and $32.3K. We are seeing support from below and resistance above confirmed by the KRI. This seems to follow in tandem with stocks, which are also ranging. The Kovach OBV has gradually trended upward, but appears to be leveling off. There is a vacuum zone above to $34K, which we expect to hold as a hard upper bound. If we retrace further, we have a nice value area between $28.8K and $31.0K.
Bitcoin Breaks Out!!Bitcoin caught a nice rally as crypto saw an influx of buying momentum from the stock market rally. We were finally able to break through $31K, which was a hard upper bound for a two weeks. We were able to hit our next target at $32.3K, with a wick barely touching it before retracing to the mid $31K's. So far, the targets in these reports were spot on. Recall that we predicted the first target to be $$32K, with a ceiling at $34K. The Kovach OBV has edged up, but we are still skeptical of this rally until we can solidly break $34K. We should have good support at $30K, in the event of a retracement.
Bitcoin Weakness 📉Bitcoin has slumped, but is still maintaining the range it has held for the past two weeks. The $30K's have remained a barrier for BTC, and we have tested lower levels at $28.8K and $27.9K several times. Yesterday, things started to look pretty gloomy, but $27.9K was able to provide support and we have since equilibrated. But highs are lower, and the Kovach OBV is tapering downwards, suggesting that if we do not see more momentum come through, we could break down again. If so, expect support at $25K, the low of the previous selloff. If that does not hold, we are clear to test the lower $20K handle. At this point, $30K is a significant barrier, but if we can break through, $31K is the next target with $34K an absolute ceiling.
Dec 2020 Resistance is BTC's last chance to hold previous ATH.We have hit the rising channel target of 26K. If we lose this level again with volume support and confirmation candles we will test the 22K level we have not seen in nearly 2 years. Simply put, any 3-4 hour candle closes below this level is the start of a major capitulation. We will chart the Elliot Wave levels and areas to watch out for if this happens. Even if we get a weekend bounce to higher levels, these levels are still areas to watch out for. There is always a chance that BTC breaks out of this slump but it is not a coincidence that the whole crypto market is seeing this move to the downside. We ARE in a BEAR market. There will be pumps in a Bear market just like there are dumps in a Bull market, but do not let these moves fool you. It is now time to be more vigilant than ever before if you are a HODLer. If you want to make money shorting, go ahead and short the break down confirmations. If you buy right before any of these dumps, just hold because BTC will recover in the future. It is a great time to accumulate your favorite coins. Keep up with our charts to see more moves and price targets as the market gives us signals. HAPPY TRADING!!!
Bitcoin Tests Lower LevelsBitcoin faced an unfortunate selloff to the lower bound of the range it has been holding. We faced a sharp selloff from just below $30K back down to $28.8K. We anticipate further support from $27.9K if needed, but after that there is a vacuum zone down to $25K, the low of the selloff on the 12th. If we find support here, Bitcoin has been struggling with regaining $30K, and we expect this to continue until we see more momentum come through. But we have been holding this narrow range of less than $4K for over two weeks now. If we are able to break out, then $31K seems to be a hard upper bound for now, with $34K an absolute ceiling.
Bitcoin Maintains the RangeBitcoin is continuing the narrow range we have identified over a week ago. We are bounded between $28.8K and $31.0K, hovering somewhere in between, just below $30K at the time of this writing. The crypto market got slammed earlier this month, with a selloff on the 11th and 12th bringing us down to an eye-watering $25K. We anticipate further support here should the market selloff further, which is a distinct possibility due to the fact that we are seeing very little buying interest and thin liquidity. We still consider these levels 'bargain' prices in the long term but the markets may not pick up until we test even lower levels.
Bitcoin Maintains a Narrow Range 🥱Bitcoin has ranged between $28.8K and $31.0K for the latter half of this month. We have continued this narrow range since the selloff on the 12th, and are not seeing much momentum, or buying interest, especially considering these are 'fire sale' levels with respect to last month's prices. Though we could get a lift if risk on assets like stocks find momentum, these aren't showing much hope either. A further selloff could take us back to $25K, but after that, $20K should seem reasonable. We have a strong Fibonacci level at $19K which we feel is a floor for BTC. If we do find enough momentum to breakout, $32.3K should provide resistance, with the $34K's a likely ceiling for now.
Our Bitcoin OutlookBitcoin is wavering in the low $30K's after a slow and gradual uptrend from $28.8K. Dedicated readers would have been prepared to buy at this dip over the weekend, as we have identified support here at $28.8K and $27.9K. We have held the current range for ten days now, after the dip to $25K on May 12th. However, the lingering narrow range, with lack of buying interest is not a good sign. If we cannot make another run for higher levels, then another dip is likely. A rally would find immediate resistance at $31.0K then $32.3K, with an anticipated ceiling of $34K. From below we have $25K to support if current levels do not hold. Longer term, $20K is increasingly becoming a reality, with $19K as a major Fibonacci level on the daily.
The sexy blonde 2 lockers down :) COMP following the last week liquidations. I have decided to check out the number of On-Chain liquidations amongst major protocols. Comp turned out to be the biggest winner. Most users did not suffer during the retracement and retained their HODL capacity, not being margin called by the protocol. This is incredibly bullish in a Risk-Off environment as users seek safer investments and services.
In matters of TA. The comp Token which is a governance token cannot get much sexier than this chart. My final target for comp and level I would be comfortable shorting is anywhere between 917-3615$. By this I mean I would only close longs untill the valuation stands above 3615$!
By far the sexiest chart in the defi field.
Will be longing it now, DCAing, hodling for the long term. I may have found myself a new crypto wife :P
#LOOOOOONG
Another Dump for Bitcoin??Bitcoin has picked up slightly, and has been able to barely sustain $30K. We are continuing a range between $28.8K and $31K. The Kovach OBV has flatlined, suggesting that this ranging will continue until we have more buying momentum come through either way. However, from experience, if there is such little buying interest as such bargain levels (respectively), then we are probably in for another dump. We should find support at $27.9K, but after that, there is a vacuum zone down to $25K. If we are able to break out then expect resistance at $32K then $34K.
Bitcoin Looking Weak...Bitcoin has found resistance at $30K and given up entirely, finding comfort in the $29K's. The price action is rounding off, suggesting another dump may be in store for us. We have good support at $28.8K, then $27.9K if that breaks. Then there is a vacuum zone down to $25K, the relative low from the previous dump. If we are somehow able to gain momentum, then $30K will likely provide prohibitive resistance, then we will have more from $32K, then $34K which should be considered a ceiling for now.
Bitcoin Breakout Near??Bitcoin is maintaining a very narrow range just under $30K. Volatility has consolidated considerably, with lows edging up from $27K to $29K. We identified a bull wedge pattern with upper bound at $30K or so for the past few reports. This could suggest that Bitcoin is read for a breakout, but we have signficant resistance confirmed by multiple red triangles on the KRI at $30K and $31K. If we are able to breakout, $32.3K is our next target, then we are sure to have resistance in the $34K's. If we break down, then $27.9K is sure to provide support, but after that there is a vacuum zone down to $25K.
AXSUSDT - Long Term HodlThe drop was brutal and it was cause because of massive dump of LUNA and UST,
what caused crypto market to crash even harder.
AXS is recently at the very bottom level of its price.
AXS propably worths much more than it currently is in those "OVERSOLD" time (may - 2022)
1. Spot trading grid bot - best profits at HODL
2. Lending Crypto - that's the 2nd best strategy to earn on HODL that I've done (Kucoin has great "Crypto Lending" system)
3. Staking and other "Freeze you coin to Earn" options -
10% APR? 20% APR? 100% APR?
Spot Trading Grid Bot provides better APR% even during Bearing Market than any other option would? (if im wrong pls let me know)
The higher stake APR% the higher inflation - thats how AXS has lost over $100 since Christmass time 2021 (it offered 100% staking APR%)
4. Airdrops - Never done - I think it might worth - LONG TIME free gift alike
BITCOIN TO $20K IN 2022-2023, LIFETIME OPPORTUNITY!! Here we go again...
BTC doing good because is accumulating at these levels but its not enough. We could go up to 35k first, after that we will go to 20k very possible!
Don't worry, everything is okay, we need go lower and buy there as much as we can :)
BUY AND HODL, DOING DCA, BUYING DIPS AND MARKET TIMING...
GOOD LUCK :)
Bitcoin To Reestablish $30K??Bitcoin appears to have bottomed out for now at $25K, making a rebound over the weekend to test $30K. We made it to our level at $31K or so before a retracement took us back to the high $29K's. The Kovach OBV appears to have bottomed out as well, and is gradually inching back up. If we break through $31K, then we will likely find resistance in the $34K's. If we sell off further, then we do have some support at $28.8K and $27.9K, then there is a vacuum zone down to $25K again.