BTC-HONDA

BTC-HONDA Updated 

BTC has been pushing hard this past week from its last break out. I unfortunately thought I posted here but instead elsewhere. BTC was in a broadening triangle on declining volume with an upside target of 22.8k. It nailed the target, consolidated again, and pushed even higher. The stock market flipped major resistance into support quickly this past week was...

BTC-HONDA

Our last setup of a symmetrical triangle played out but rather lack luster(21.6k instead of 22k). Since that break out, this consolidation has been forming into what looks like a rising wedge on declining volume about to pull back to the 19.5k area. A break up can take us to 22.4k and most likely begin an ascent to 25k but I am short term bearish. Earnings on the...

BTC-HONDA

BTC is about to make a move on declining volume. on a break up, I am still looking for 22k(Primary view). Ona break down, I will be looking for 19.6k. As long as we close the week over 19.6k, I will become bullish to 24k-25k. Possibly even 30k but I will play it one level at a time. If we break down and close below 19.3k, I will become extremely bearish and start...

BTC-HONDA Updated 

On the weekly, we look like we maybe close above resistance tomorrow on massive buy volume. That is fundamental to these bullish thoughts. I think now that most of the move has played out, we may come down for a bullish retest before moving higher. as low as the 19,000 level before moving to 24k or 25k. On the Hourly, it looks like a minor consolidation about to...

BTC-HONDA Updated 

We have been watching BTC in a tight consolidation that has broken up instead of down. The volume has spiked on the breakout confirming the move. We can still go to 19.3k-20k before finding rejection. THis is a major resistance/support so if we reclaim it, I will become pretty bullish. This rally has been nice but I am still anticipating lower prices this year. I...

BTC-HONDA Updated 

CPI report came in at what was expected which is Neutral/bullish news. This fundamentally invalidates most of the bearish anticipation I had for the market.If we close today's candle above this support, I will look for 412 as BTC looks like it is in a cup and handle pattern just about to break out. A weekly close this fast above support is really surprising. So as...

BTC-HONDA Updated 

BTC: after re-evaluating after some pattern invalidation, the best I can make for BTC is that this macro structure on the weekly where the weekly volume indicates a big move soon. Most likely decided by the SPY reaction the CPI reports tomorrw. So depending how the SPY leads, that will determine this overall trend for the next few weeks. The targets for the...

BTC-HONDA

SPY: currently at major resistance on the daily. This entire move has been on declining volume. The SPY is about to make another major move off tomorrow news on CPI reports. In my opinion, the CPI reports will be poor and we will get rejection off of this major level. I think on bad reports, I think we can sell off back down to the 379 levels pretty quick which is...

BTC-HONDA Updated 

Recently, the stock market broke from its consolidation to major resistance. We were anticipating it to break down which would have lead to our bearish prediction on BTC coming true. However, since it did not, it invalidated some minor bearish setups on BTC. After looking at the chart, I am remaining bearish on BTC. If we start closing above 17k-17.1k then I will...

BTC-HONDA

We have been watching the SPY in a tight consolidation on declining volume getting ready to make a move. Traditionally, symmetrical triangles are continuations patterns in the direction of the trend. We had a bearish prediction down to 367. But on a positive jobs reports, the consolidation broke UP towards resistance(388-392). We can still push to 392 from here...

BTC-HONDA Updated 

No change to the SPY. I am still watching the stock market as in a symmetrical triangle consolidation getting ready to break down to the 361-367 level on decliningg volume. It most clear on the weekly. I am expecting this pattern to be a continuation to 351 from the yellow rising macro wedge on declining volume we had been watching. Symmetrical triangles are...

BTC-HONDA Updated 

I am still bearish on BTC to lower prices until invalidated. If we get invalidation and we break up, we could see the upper 18k levels if the Stock market holds. But for now, I am maintaining my bearish view. From our last update, we were watching a blue rising wedge on declining volume. We anticipated a break down but it actually broke up on a spike in buy volume...

04:45

BTC-HONDA

Not financial advice. I am still bearish across the board to lower prices. I have not changed anything except my minor blue pattern from a symmetrical triangle to a rising wedge

BTC-HONDA

There is no change to the previous BTC prediction. The major pattern is a rising wedge on declining volume(yellow) that will take us to 15k atleast but I’m expecting to go lower than that to 14k. We had a nice spike in sell volume on the breakdown of the yellow pattern which confirms to me the move is happening. We made another minor consolidation(red) that coiled...

BTC-HONDA

There is no change to our previous calls on the stock market or Bitcoin. The SPY is breaking down to 351 from its rising wedge on declining volume(yellow). We had a nice spike in sell volume on the breakdown confirming the move for me. We are now in a symmetrical triangle on declining volume(red) getting ready to breakdown to 361 and eventually our 351 target. It...

BTC-HONDA

Good morning everyone! I hope you have been enjoying the holidays! I just wanted to update that the minor rising wedge on BTC has broken down on a spike in sell volume. We got a few hundred away from our bottom target so we could go a little lower but it’s basically played out and I will be looking for the next setup. I am STILL bearish on the stock market to 351...

03:49

BTC-HONDA Updated 

-NOT FINANCIAL ADVICE- No change to my previous updates. I am still bearish on both the stock market and Bitcoin

BTC-HONDA

BTC has been mirroring the stock market recently. It was drawing a rising wedge(yellow) on declining volume. As the SPY broke down on a spike in sell volume, so did BTC. Since then, we have been drawing a minor consolidation on declining volume. Another rising wedge(Red pattern). I am anticipating this break down to at least 16k. But it will most likely over shoot...