This chart is clean with a strong uptrend, we have just broken ATHs so there is no resistance upward, we are entering price discovery and I expect LUNA to move hard in the coming months!
The 1D for BTC is looking slightly choppy, however, is supported well by this previous resistance line. We need to see a break higher above $48k at which point the chart will be looking very nice! At the moment it is a strong chart but will start looking weaker the longer we consolidate
BTC is winding up and sooner or later it will pop. This might be the force we need to smash through that resistance we have been playing with. This is a critical moment for crypto, I am watching very closely.
BTC is close, very close, to breaking out of this consolidation pattern. We still have strong resistance until 47K but it will be a very good start to breaking higher. I believe we will be seeing new ATH by summer if we break now! This level is key for me and I will be picking up some trades if we do.
Not liking the look of this chart its topping over. Still very bullish, hopefully it comes a bit lower to get some more before it goes off. If you don't know about LUNA you should. It has the Anchor protocol which is taking the spotlight in DeFi and paving the way for a new way of finance. This is real value!
BTC is winding up and just like a spring it's going to pop. Data: - The MACD is flat so not much momentum - We are making higher lows but also lower highs - The news has been hammering BTC to the downside but it has held better than traditional stocks On the surface there is no real indication of direction. However, if we look at some onchain data it becomes...
Panic is rife: Traditional markets are falling, we have one of the first large scale European wars in centuries and the fear and disruption of Covid is still evident. The combination of the above has created some serious headwinds for crypto, but are we in a bear market and will be see -99% losses like we did back in 2018? We need to look to BTC for answers as...
I have pulled back to the weekly to get some perspective as it is easy to get lost in lower timeframes. We are still very far off the old ATH we hit back in Nov. We have strong resistance coming in from $47k - $50k, this is a very key level that we need to break above and is highlighted by the yellow rectangle. We have only had a small bounce from the lows...
Let's take a look back at some major pullbacks in the S&P 500: 2018: 12% pullback - BTC bounces 100% 2019: 20% pullback - BTC bounces 336% 2020: 35% pullback - BTC bounces 1550% We can see that historically big crashes pull BTC down with the traditional markets, but it also come right back with it. The harder the fall, the harder the bounce. It usually takes...
You should never buy when people think it's the right time, or even when you think it's the right time! Make a plan, stick with it and enter, even when it feels like the wrong thing to do. Trust the facts: - Whales have been accumulating BTC - Addresses 1 year+ are a few % off historic ATMs - Exchange deposits are the lowest since before 2021 - BTC is holding up...
BTC has dumped from it's support at 42k, but is this a problem and who is selling? Coins are maturing at a parabolic rate (1 year +) showing it is not old hands. Spending has increased significantly for coins between 0-3 months old. People tend to exit at break even or slight losses when they get scared so most likely coins were picked up around beginning of...
The BTC chart is looking very strong. Higher lows and highs on lower and higher timeframes. Old addresses continue to increase with BTC unmoved for 1 year+ now sitting at 60%. Net outflow of exchanges are increasing. What does this mean? BTC charts are looking strong, older hands are buying and mainly short term holders are selling. BTC is also being moved...
The VPVR measures volume traded at certain price levels. Higher levels of price volume naturally cause support and resistance as lots of positions have their entry points around this price. We can see BTC has met resistance, multiple times if we look at lower timeframes, around this level. Does this mean we will have a pullback? Possibly but we need to look at...
If you have been following my feed, you will see I have entered a BTC trade at 33k and also turned 60% of my coins into alts. This was not because of price action, as it looked weak. This was because the number of coins older than 1 year has been steadily increasing. What does this mean? It means that the people selling are the people who bought at the top...
This chart is choppy and showing no trend. For me this is a bad time to trade. I was hoping for a stronger bounce. The more time we stall the higher the chance of going lower and taking out the local low of 33k.
BTC continues to move to the upside with a nice steady uptrend. The whole crypto market follows. It is very much strengthened and following traditional stocks like the S&P 500 which are having a major bounce. This is really worth keeping an eye on. We have some strong levels to break above but it is looking more and more likely that we have found the bottom at...
We need to see BTC hold 35k and if not this 33k. If we don't see this, we will see a 30k BTC very soon! This is a very strong downtrend and short term BTC is looking weaker and weaker, day by day! I have represented the bullish and bearish cases with the green and red line. The next week is critical for BTC, let's see how it plays out! I will be posting about...
I think so..... I am now moving significant positions back into alts as I believe we may have hit the lows for BTC. You may have also seen my trade at 33k that I am looking to sell at 60k. I would not be surprised to see another pull back to 30k but I think more than likely we will not. For this reason, I have moved 60% of my stable coins back into crypto. The...