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WISE | Arrived To The Potential Reversal Area!Hi, A lot of criteria match inside the possible reversal box and it stays between 616-716: 1) The trendline. If this week closes deeper than the previous week then it is a bit weaker and the setup becomes also weaker. So, quite an important week for Wise. 2. Different types of Fib levels. 3. Channel projection 4. Equal pullback waves from the top 5. 700 as the most important prize zone within two years. Do your homework and if it matching with mine then you are ready to go. Good luck, Vaido
LSE:WISELong
by VaidoVeek
Waiting for pullback before next strong bullish move Still expect re-test of 11500 / 11340 support. That wick to 11613 doesn't count. See two bearish factors - over bullish Twitter and bearish divergence at fear&greed chart. Hate to be bearish when everyone is so bullish 🙈 So I put a big timeframe chart to show how bullish Bitcoin really is in long term. And just forget about dump to ~9600 that may happen any time before BTC really launch to 14k, which is my nearest strong impulse target 😎 Remember to be prepared for anything that goes beyond imagination and you will make real money here. Happy Friday everyone! 4H: EMA21 at 11613 and EMA89 at 10962 act as dynamic support. 🟥 11800 ✅ 12150 - 12300 - 13200 - 13850 🟩 11630 - 11500 - 11343 - 11080 - 10950 😱 Fear & Greed index: 77 (<= 79 <= 75 <= 72 <= 75) 👑 BTC Dominance: 60.9% (<= 61 <= 60.5 <= 60.4) ⚙️ 24h Volume: $90 billion (<= 92 <= 85 <= 96 <= 90)
by WiseAnalyze
BTC on the edge of another sharp move📉 Daily Bitcoin chart review 📈 BTC volume drop to minimum. Price is below all moving averages, forming bear flag. Nothing in this chart is bullish except volume distribution, which hints dips were bought but not yet sold. I've also added trendlines to show where main zones of shorts and long orders hide - obviously above and below them. What's next? Anything 😎 Dump to ~8500 / 7100 or pump to ~9500 / 11400. Have no magic ball for that chart. 🟥 9300 - 9450 - 9600 - 9745 - 9880 🟩 9050 - 8888 - 8666 - 8530 - 8300 😱 Fear & Greed index: 43 (<= 40 <= 43 <= 50) 👑 BTC Dominance: 64.5% (<= 64.4 <= 64.4 <= 64.6) ⚙️ 24h Volume: $57 billion (<= 73 <= 73 <= 63)
by WiseAnalyze
1
Back above 10k again📉 Daily Bitcoin chart review 📈 Bitcoin broke out 9700 resistance and pumped to 10444. Today cool down. Next move either down to 9700-9800, or second leg up from bull flag. Nearest strong resistance at 10750. Next will be at 11555 and 12340. Resistance: 10444 - 10555 - 10777 - 11555 Support: 9970 - 9750 - 9444 - 9222 😱 Fear & Greed index: 56 (<= 50 <= 51 <= 48) 👑 BTC Dominance: 65.5% (<= 65.2 <= 65.2 <= 65.6) ⚙️ 24h Volume: $125 billion (<= 102 <= 110 <= 104) P.S. What is it, the fall of US dollar or growth of BTC, I don't know. Its all connected and moves together.
BYBIT:BTCUSD.P
by WiseAnalyze
1
BTC at important support, but bearishBTC landed on important support. Today we may expect it to bounce back to previously broken SR at ~9200-9300. What happens next depends on how bullish will be that bounce and retracement after it. Looking at bigger picture in case of bearish scenario Bitcoin may easily fall to 8500-8600 and in one more week to 7700 (if 8k won't hold the dump). But if current bounce will give some volume, King may avoid that bearish retracement and stay above 9k. For now trade range stands at 8800 - 9300. Resistance: 9100 - 9230 - 9400 - 9600 Support: 8900 - 8740 - 8630 - 8540 Yesterday post (see previous reviews): (if) 9200 support break down and price drops to the next support levels at 9100 / 8900 ✅
BYBIT:BTCUSD.P
by WiseAnalyze
ETH double bottom with bullish potentialIf you followed my last review, which I posted on May 6th and kept on filling with new forecasts till yesterday, you could have made a fortune =) Predicted bottom almost 100% precise. Now that the bottom is formed, time to consolidate and grow. And today I saw news, saying VISA filed an application to create digital currencies with the United States Patent and Trademark Office, citing #Ethereum as the possible network. So that is very bullish for ETH. As I wrote yesterday, if ETH fail to grow above 22000, it may form a consolidation channel between ~20700 and 22000. In this case buy longs from 20700-21050 support zone. That is one of possible scenarios. Another scenario is ultra bullish - ETH price bounce from 21800 support and continue growth. Not the safest long entries here, but its a bull flag until it proves the opposite, so with cautious approach not a sin =) Some additional charts. Below is day chart with Ichimoku Cloud. As you can see, its not yet bullish. In fact, very dangerous. But that cloud above act like magnet, so price will be attracted to it until its form change. That also means that here we have a potential double bottom, but since we don't see higher low yet, its early to celebrate the bull run. So as I said, safer entries are from 207-210 zone. Anything above is a risky approach catching breakout that might not happen.
Long
by WiseAnalyze
BNB getting close to major support I guess we all want to know when CZ will stop dumping his coin, buy enough and finally let it grow. Assuming that Binance suppose to be such a good exchange, maybe even one of the best exchanges in the world, the only reason for BNB to perform that bad is because owner want to accumulate it back (which is an old but proven fact - CZ dreams of buying back as much as possible). So what we have now. Support at 16500 is the strongest around, but since it was already tested, we may see wick down to 15500 zone. These zone may be considered as good ones for long entries. P.S. Same zones mentioned above will be the last ones, where BNB can be easily reversed. Falling lower will push it much lower to 12800 - 11000. And turn it very dumpy coin. 🛒 Support 17000 - 16500 - 15700 - 15300 🎯 Resistance 18000 - 19000 - 19555 - 20850
by WiseAnalyze
BTC retracement time Starting a new TradingView "page" as previous bullish move has temporary ended. Won't call it "SHORT", as I'm really bullish for BTC and this is only a short term retracement that will be followed by dip buys and another bull stage. Now Bitcoin came back to next strongest support zone at 9600 and last 4H candle touched EMA21. That was our first short target ✅ Now bounce to 9730-9800. Possible after the bounce BTC will slip lower to 9420 and 9230. Bounce from ~9420 would be very bullish, as it won't break the trendline. News sell off was logical, since after hitting 10k BTC appeared in global news again. But as it overgrown March dump level, no doubt King is reversing towards bull trend at macro. Let it drop, buy the dips and enjoy alts while they have small relief rally. May 8th post: But be careful. Don't go long blindly - nothing grows without pullbacks. And BTC haven't tested previously broken SRs at 9600 / 9450 / 9230 yet. Resistance: 10090 ✅ 10550 - 10767 - 10962 Support: 9600 ✅ 9450 - 9235 - 9030 - 8900 😱 Fear & Greed index: 56 (<= 55 <= 49 <= 42) 👑 BTC Dominance: 67.2% (<= 67.9 <= 67 <= 66.2) ⚙️ 24h Volume: $162 billion (<= 201 <= 164 <= 145)
BYBIT:BTCUSD.P
by WiseAnalyze
BTC bullish move Bitcoin overperformed my bullish targets and pumped to 7800. Showing week chart to understand what's going on. First resistance zone left after November/December 2019 is the one that stopped the pump now. Next will be zone between 8000 and 8200 (roughly). Can be hit within this week. But since any major BTC move requires decent amount of liquidations, I believe it is possible that before halving Bitcoin will pull back to 7170 or 6400 again. Resistance: 8050 - 8200 - 8300 - 8550 Support: 7300 - 7170 - 6855 - 6625 P.S. 17 days and 22 hours till halving. Don't expect price to pump on the same day. It never did before. After halving there might be a month of consolidation and uncertainty, before it start growing.
BITMEX:BTCUSD.P
by WiseAnalyze
2
Bullish or bearish - 21 day before the halvingThis review is continuation of previous topic. Since no one read old reviews, decided to create a new one. CME Futures gap closed. Its not a bearish signal, but one of reasons to push price higher now is gone. Bitcoin above ~6100-6130 support. This can be a starting point both for bullish or bearish move. If you check week TF, price was trying to break ~7300-7400 resistance for 3 weeks in a row, and so far failed. Same period that is left till halving. While the big trend seem to be bullish, I expect price to roll back couple of SR levels, probably below 7k, before it receives enough liquidity for another bullish breakout. This theory will be invalidated if price grow above 7300. Resistance: 7170 - 7220 - 7300 - 7475 Support: 7030 - 6960 - 6900 - 6775 Couple of charts I find interesting and helpful for analysis. 1) Week line chart show price is under important resistance level, with slowing bullish momentum. Same line chart but at 4H timeframe And same timeframe, but with exponential moving averages only - this shows the trend very clear.
BYBIT:BTCUSD.PShort
by WiseAnalyze
1
Bitcoin starts a new year, new cycleHappy New Year everyone! BTC closed it around 7165 and so that will be the new important support and resistance zone for all future price movements. Mark it on your charts. Next most important zones are 6430 for support and 8300 for resistance. Within this month closer SR zones at 6800 and 7600 will be surely tested. Today we have pretty complicated situation (will be updating this review regularly). On one hand ~7050 support was main target for many shorts and it received nice volume on bounce. On the other, 7160 became resistance, and we know it is a strong one. Now expecting BTC to test that resistance and result will define the future. Failure may dump it to lower levels at 6800 - 6500. Why new cycle? Because according to previous history this year should start a new bullish period of Bitcoin. I really hope that demand won't shrink and halving will have the same result it had all previous years. See below.
BITMEX:BTCUSD.P
by WiseAnalyze