BillCharison

BillCharison

We can't ignore the fact that the market was purely bearish over the last year. If we make a comparison with the bearish market of 2018 year, we will see that the price decreased for -85% in exactly 12 months. And what do we see now? 10 months have passed since Bitcoin printed the ATH near the $69,000 level. Since then the price has decreased for -75%. The...

BillCharison

I don't usually use RSI and Stoch.RSI for local trades, but when it comes to big time frames - we can easily rely on this indicator. Therefore, I'm gladly present you the RSI based on theWeekly Bitcoin Chart! First of all, let's take a look at the Stoch.RSI indicator. At the moment it is located below the 4.0 level . I've marked zones when it was at the...

BillCharison

Today we got a news that ProShares is apparently listing their Short Bitcoin ETF on Tuesday, June 21. What does it mean to the market? Let's examine. First of all, market looks bad af from the technical side . We broke all the supports, including Weekly MA200 and at the moment $BTC trades below $20,000 psychological level. Altcoins are bleeding as well, ...

BillCharison

Bitcoin Dominance faced a major resistance at 48% level. Was already rejected from there. As you can see, this level has already twice acted as a starting point for altcoin season. I believe this one will not be an exception!

BillCharison

If we take a look at the entire history of the existence of the F&G Index for Bitcoin, we can easily identify 4 periods when it was at its minimum values (below 20 points) for long stretches of time. Let’s examine each one in order from oldest to latest: 1. 20th of November 2018 - 20th of January 2019. After a major dump from $6000 to $3000, Bitcoin was in a...

BillCharison

After some September correction that was predicted by our team in August, we are ready to smash $100,000! Bitcoin has formed a massive 1-5 wave that is marked on the chart. Now the price must rapidly go to the $90,000 area in order to complete the wave 3. Then some correction and growth continuation that must bring $BTC above the $100,000 psychological...

BillCharison

It's been a month since the growth has started, from 17 July to 17 August the Bitcoin showed a significant growth of 65%! Usually, after such a growth, the market faces a downwards correction. Will it be different this time? Let's take a look at 3 possible options: FIRST OPTION *located at the main picture above* The most realistic scenario, to be honest. The...

BillCharison

It is foolish to deny that the market is extremely overheated and needs at least some correction before going higher. At the moment we need to complete the final fifth upward wave of 1-5 formation. Expect Bitcoin to reach $68000 zone before going downwards. The first stop of the correction will be at $56000 level (0.236 Fibo), then we will go to $42000...

BillCharison

Bitcoin is repeating its spring pattern. We've made a clear chart, but here is the step-by-step text explanation: 1. Formation of a parabolic up-trend with strong upward support. 2. Breakout of the support and a small consolidation below the one. 3. Price rollback above the support to the previous values. 4. Sharp pump above the strong horizontal resistance...

BillCharison

Keep calm, guys. Don’t worry. One billion dollars of LONGs were liquidated during this dump, but in fact the price fell for only 9%. For example, it is the same as the dump from $9000 to $8200 (for oldies). All these liquidations were bought by huge traders for a juicy price. We’re still staying above the $17178 level and as long as we there - priority is...

BillCharison

We are extremely high. At the moment the price is $18200. A few hours ago we could witness a huge "scam wick", but taking another look at this candle, we understand that it was a simple re-test of the historical $17178 level and now it acts as a strong support. Only 10% of the price movement set us apart from the new ATH. We expect to see a continuation of the...

BillCharison

So, we have the following situation — Bitcoin can easily form a bearish divergence on a monthly chart if the candle closes above the $16400 level. There are two possible options: 1. We use the rest of November to pump as high as possible, then divergence will be formed and December would be bearish for Bitcoin that will correct after such a sharp growth 2. The...

BillCharison

As you can see, Ethereum is located above the crucial level of $310. The next stop is $570 resistance. We are holding 15% of our spot balance in $ETH. Mid-term.

BillCharison

We've closed our SHORT position at $11500 point in break even zone and didn't open any position since this time. Now is too early as well. Reason — opening LONG is still too risky. Yes, the ascending channel was broken upwards, but we still have a strong resistance zone between $12400 - $12500. Probability of huge red candle from this area still exists and it is...

BillCharison

The price has formed an ascending trend line. We expect to see another touch of the one thanks to Bitcoin dump (that we expect as well) . We highly consider entering LONG position at the point 4, cause then we must see a breakout of the $395 resistance and then moon.

BillCharison

The price is forming an inverse descending triangle - bearish pattern. There is a resistance at the $0.23785 level and the support at the $0.2296. The zone between these levels are good for entering SHORT position.

BillCharison Updated 

The support of the $10750 was broken - very bearish sign. More likely we will see a re-test of the $10750, but it is also quite possible to see an upward spike to the $10820 point, so the stop loss of a SHORT position should be placed slightly higher. Good entry zone in SHORT position is $10655 - $10750, targets are marked on the chart.

BillCharison Updated 

Straight out the gate - we don't hold any position on Bitcoin right now. This update was made just because we receive dozens of requests. As you could remember, there is an important level on #BTC - $10400. The price has sharply reacted on this level multiple times. Now we can see that it was rejected from there, again. Priority is downwards (very locally), the...