Cavila1

Cavila1

Price was maintained in an accumulation zone for quite a few weeks. It seems desperate for the distribution faze. I'm bullish until the price breaks and closes below the 50D EMA. Price has pulled back to the top of the accumulation zone with the DXY looking bearish. So now I'm just looking for the proper entry. For now, I'm looking to enter into a Long with the...

Cavila1

As mentioned in my previous post, things were not looking too bullish as the price failed to bounce from the uptrend that began in January. For just over three weeks the price attempted to push up several times. There was of course more selling pressure than buying pressure. The channel's support flipped to resistance and has since crashed about 36% in the past...

Cavila1

Please LIKE, COMMENT, and SHARE to show your support. As they say," Zoom out when in doubt!" Right now we are seeing very turbulent times for the market. It seems as though everything is about ready to fall off a cliff. Please allow this chart to keep things in perspective. The S&P 500 is 100 points away from the .382 Fibonacci Retracement level at the time of...

Cavila1

Please LIKE, COMMENT, or SHARE for your SUPPORT. For those that know me, I've been looking at gold and silver very closely over the years. I last purchased them during the crash of 2020 with an average cost of $17 an ounce of silver and $1450 an ounce of Gold. I used the dollar cost average method to build my positions. I then sold the gold at $2050 an ounce and...

Cavila1

LIKE, COMMENT, or SHARE for your SUPPORT. Investors have been looking for a bounce that has yet to manifest at the $37.5k-$43k levels. From the 12th-19th, strong bullish pressure showed its head alongside decent volume. This led to a bull trap on the 21st. Some market participants are looking for a bullish case. Prices need to reclaim the $40k level and support...

Cavila1 Updated 

LIKE, COMMENT, or SHARE for your SUPPORT. It is not a mystery that traditional markets are hurting. They're essentially bleeding out. From interest rate hikes to high inflation and now a decrease in the U.S. GDP (Gross Domestic Product). Let's be honest. In the short term, things are not looking very bullish. This is especially true if you consider what else is...

Cavila1 Updated 

The price currently has lost the support of the four-month-long upwards trend after trying to bounce off since April 11th. The Price would have to close out a daily candle back above the previous support that was flipped resistance which led to a failed breakout above the line which stood at the $40k level. Several levels of support have been broken for the past...

Cavila1

On Jan. 22, 2022, Bitcoin's downtrend from the high of $69k and some change on Nov. 10th, reversed its momentum to an upwards channel. The entire time( between Nov. to Jan) Bitcoin sold off alongside traditional markets. There was a tightening of volume while long-term holders continued to hold their positions. This shows a lack of interest in selling at lower...

Cavila1

Bitcoin is continuing to make higher lows. We can see for the past year Bitcoin has hugged and bounced off the 200 SMA forming an M-shaped pattern sloping to the upside. Just since Nov., the prices started to fall as did many other markets outside of cryptocurrencies due to macro-economical shifts in the world. On December 4th, 2021, a bearish trend was confirmed...

Cavila1 Updated 

None of the information given is investment advice.

Cavila1 Updated 

Before you read please click the like button for others to read. Thank you for considering my thoughts and I hope you are as encouraged as I am. Hello, so here are some of my thoughts on the price action of BTC today. As the new year takes off, we continue to see boring price movements across the board from traditional markets to digital assets. Some of these...