AtomicStag2000

AtomicStag2000

Bitcoin's price action has exhibited several indicators suggesting a potential long opportunity for astute traders. The recent extended drop from the weekend price action could be a classic "fake move" to initiate the beginning of a new week. This is further supported by the presence of 3 distinct candle formations with increasing volume, implying 3 levels of...

AtomicStag2000

Yes, still bearish. CPI gave us some good news, but market is still heavily bearish and there's still plenty of liquidity to collect from longs below current price. ETH did not even break 1,000$ levels, but it will - main target from here is 950$ and then gradually lower, to finish off capitulation. FTX fiasco had to happen to facilitate the last capitulation...

AtomicStag2000

Strong downwards move after US CPI came out - which looks good and people are now expecting FED to pivot into more dovish stance. But is that really going to happen in short term? We had a very nasty downfall in crypto markets yesterday with the whole FTX fiasco and the fear in markets is expected after that. Plus Solana unlocking 5M worth of SOL which was...

AtomicStag2000

Last few days have been quite volatile and I saw some very unexpected moves on crypto market. First, this Adam&Eve pattern rejected with huge force, which also made sense as we descended to Golden pocket on Fib, which was also in small support level from 18th June. This quick climb was definitely fueled by short liquidations, which trapped many traders there. But...

AtomicStag2000

BTC 1h chart update We had a rising wedge, marked with orage S/R lines - there price was making higher-highs and higher-lows sequence, which was looking pretty bullish at that moment. Specially after what really looked like a potential bottom, as I wrote in previous update. We also saw that time lower line of wedge being tested, before price broke below as...

AtomicStag2000

BTC 1h chart update What we are currently looking at is a potential bottom scenario forming - we had a big sell off event in those last candles before pivot points started showing bullish structure with setting higher-highs and higher-lows, breaking into space between 50 and 200 EMA. The big sell off at the end is usually when bears make a final push, but the...

AtomicStag2000

It might be still too early to call BULLISH on BTC, but look how price action tells the story. I wrote about a possible fake-out yesterday and that bouncing from lower line (previous lower-low) would signal a double bottom pattern. The double bottom means we are changing the trend direction - turning us in favor of bulls from here. Why it might be too early?...

AtomicStag2000

BTC - looking at latest structure, price action is consolidating between two pivots, forming a triangle. Yesterday intro to volatile moves is thus being squeezed together, which will result in a break out - which way it will go, it's still under question. But general feel of the market is that we should see a bullish break out here. What to watch out for? Of...

AtomicStag2000

The 1h chart shows us that we might be in for a short term reversal - what we would want to see here is breaking of $40k level, establishing a new higher high in this series of down moves. RSI here is staying above 50 level and trending higher, MACD has upper momentum still in, but with last candle being rejected it looks like we will pull back - I'm counting...

AtomicStag2000

BTC - not much has changed during this week. Consolidation area is active, I moved / added S/R lines, but upper (39,1k) and lower (33k) remains in place, keeping us in the zone for now. ATM we are against 38,2k resistance line, where also 200SMA is making a confluence for resistance point. RSI and MACD are going up, with RSI being almost at 70 which can mean...

AtomicStag2000

Monday update on bigger scale - $BTC 4h chart: - we managed to break the S/R line @ 55k and fixate closes higher - next stop should be 58k and then towards ATH. But we have some indications for small correction coming - seeing RSI is in divergence with price, which signals potential retracement. Why potential? Because BTC is in a grind and it would take a...

AtomicStag2000

My thoughts on $BTC - looking on LTFs (lower time frames), the picture looks really bearish, as we are constantly in downward sell pressure. But I really like what Daily chart is making out here - we are just on 50% retracement from last big move, where we rose from low of $29,900 to almost 53k! This here is a perfect spot to continue the bull run and hop on...

AtomicStag2000

Check out the support and resistance of Ichimoku cloud on 1h chart - this is why this indicator is really powerful to have on the chart. Priority right now is downside, unless we manage to break through the cloud and trade above. Be ready for potential fake out upside. I'm not in any trades on BTC at the moment - it seems to risky. But I did sell a big chunk on...

AtomicStag2000

This one is a potential highly risky plan for long and short traps. It would be my optimal way to trade - counting on retracement since today's small bullish momentum, liquidating of longs opened now. It was a nice break away from correctional descending channel, after previous burst on 26th. Fib levels usually work as a good support. Looking for possible...

AtomicStag2000

We had a really nice run yesterday! Price action went up swiftly and challenged 40k resistance level, but in the second move up, trying to break it, we had a divergence on RSI + news from Amazon not accepting BTC as payment this year struck back - taking us down a notch. Even from purely technical perspective, correction after a move like yesterday is inevitable....

AtomicStag2000

There was a fake break of descending channel the other day, which I'm sure gave quite a scare to the market at that point, but also lured quite some short sellers to enter positions in that region - tough luck, as we saw immediate climb back into our channel. Currently we are testing upper resistance, looking for a breakthrough and time to long. We can see...

AtomicStag2000

Yesterday I was trying to trade a long position on $BTC. I was anticipating the break of descending channel and price action moving upwards. I was already stopped out of my position last night, when we saw a sudden drop in price to the middle of channel range. Now we have to wait again for the next move. I'm prepared for both scenarios, but since we're in a...

AtomicStag2000

After a long silence with any coin analysis in here, I decided that July will be again more active. $BTC is currently trading in a range between $30k and $36.5k, at least for the past week and more. We have broken out of (short-term)downtrend, following the rejection at $40k on June 16, after we dipped to levels just below $29k - that was a scary few hours👻. The...