This is a quick review on btc price movement and price prediction of what to expect once the all time high is taken out. I personally believe that the ath will be taken out pretty soon as the bearish invalidation has been taken out. Lets plan for the worse but expect the best. The King is bacl
We saw BTC making a bloody day today with a clear sign of bearishness as btc made an attempt for the invalidation level for the first time in recent times. This is a clear bearish warning, even though how the price action plays out today and tomorrow will fully determine our bias, its not looking good at all. A breakdown of the demand at 50k area means we are...
we saw the btc price breaking the old supply that has held for a while now and for a supply to break means we have a demand, and yes a demand was witnessed and we got rejection on the topmost supply formed at current all time highs and a break of this zone will mean a decent rally to begin. i had my price projections in my previous analysis video hence i didn't do...
As we can see in the btc chart, the symmetrical triangle has broken, the demand is still in place, the lows of 28k is still intact hence i still remain bullish on BTC. What we have on a smaller time is an ascending triangle which has broken to the upside now but yet to confirm close, but overall, we are now seeing a bull flag or a descending channel which is the...
BTC price is making a symmetrical triangle formation while a descending triangle on the dominance chart. In the long run, btc is expected to make a run higher due to this formation, but we may have a run of lows as well but i wouldnt expect btc to break below the 28k lows, if that happens we are eyeing a move down to 24k. Dominance chart also prints a descending...
As we can see on the dominance and price chart, there was a bearish divergence in both chart which resulted in the sell off, and now we have a double bottom on the dominance chart while btc is still having Higher lows, this is another divergence, a hidden one though and when we look at the macd and rsi on the dominance chart, we can see bullish divergence there as...
As we can see on the dominance and price chart, there was a bearish divergence in both chart which resulted in the sell off, and now we have a double bottom on the dominance chart while btc is still having Higher lows, this is another divergence, a hidden one though and when we look at the macd and rsi on the dominance chart, we can see bullish divergence there as...
I posted a chart before with my idea on the btc dominance and it seems to be playing out very well, but whats this this tanking on the volume going all down to 12??? wow. Time for some alts? or money flowing back to usd?? miners taking profit??? Share your ideas
Like in my earlier post on BTC, This is BTC dominance chart also showing weakness like it is seen on BTC USDT. volume is getting lower and lower to previous volumes, macd histogram is not getting enough momentum anymore RSI printing a bear div... as well as dominance approaching resistance. All this combined together shows that btc may be approaching a top and...
From when BTC price was at 14k, i believe the price should be bullish up to ATLEAST 30k usd, yesterday price movement saw btc broke above 26k and getting close to the 30k to 33k mark, but as we can see, is the current move getting weaker now? The momentum on macd histogram is getting weaker, likewise bearish divergence forming on RSI, buy volumes becoming lower...
Earlier on we had a rejection very close to this zone, and now we are bitting more into the supply, there are 3 outcomes which i can think can likely happen from here 1. if we get rejected again i am expecting price to return to the first demand zone and then comes back to take out the supply 2. we clear the buy stops and wick into price pivot zone labelled H4...
Btc has dropped earlier than i anticipated using a 12H supply which i missed, and the broken major low as resistance, it is now in the big area of interest, Every daily closes from here matters now as we try to find a bottom from here. I expect a deeper move into the zone and probably reach the 0.78 Fib levels and bounce. Every move from this current price line...
BTC USDT, We are currently sitting on daily demand with every touch giving us a good reaction but not the best as would love to see, pivot low on demand was swept but no sign of bulls so today's close will confirm if we will make low/bottom here and ready for the retest of the created supply which lead to a break of the major low(yellow line) and also the TL or...
COS broke downtrend line, and ran into supply making d second test and taking out the LH to the left of it, pushed down into demand that took out the TL, and back deeper into supply, likely to take out this supply and test the upper supply. I longed at 91 sat and looking for reversal confirmation to exit or hold. Though we seeing a momentum to the upside now,...
My views about ATOM Currently daily demand holding up and about to re test daily supply right above. Scenarios are drawn on chart. Trade cautiously as BTC can do and undo which will affect possible outcomes in unpredictable ways. Not a financial advice. Thanks for reading.