Over the last week we've seen a lot of optimism in our markets, but are we getting faked out? Please refer to the charts below, there is no technical analysis whatsoever on the chart posted above. It is worth noting that SPY has shown signs of relief and earnings are not as bad as anticipated... With that being said a relief bounce was expected, but have we...
NASDAQ:TSLA reportedly sold $936 million dollars, 75% of their BINANCE:BTCUSDT Position. What does this mean for the Crypto market... It's still too early to tell if this news will be the catalyst that sends BTC back down, however here are some key levels to watch. BTC has taken support after rejecting from a strong supply level on the daily timeframe...
BTC has broken out of the down trend it has followed from 48k to 17.6k that I discussed in my previous idea which I'll link below. Though we have broken out the channel, how do we confirm a bullish sentiment for Bitcoin? Refer to the CHoCH(Change of character) which marks a confirmed change of trend. Here are the key levels needed for me to feel confident in a...
Here are the next key levels for breakouts. Link to the previous chart (.0432) entry
As I put aside all news and prior catalyst and focus purely on the Price Action of Bitcoin, my analysis shows that BTC has not yet confirmed a Bullish sentiment. BTC still has not broken out of the channel it has followed from 48k to it's recent low up 17.7k, with that being said I need to see a break of structure to the upside to feel confident taking any...
over the last week we've seen BTC ETH, and most Alts rally above previous lows and break previous swing highs, However GALA remains dormant. -GALA took support and saw immense buying pressure after returning to one of it's fist swing lows levels from September of 2021 after it's initial pump. -However, on the HTF it has made a break through previous...
Though ETH has made equal SH(swing high's) BTC is still looking strong on the HTF(high time frame-4hrs to be exact. I'm still confident as long as we can close this 4hr candle above 20,015 Why- Because we've seen a change in character to the downside from the past two impulses at the same level (CHoCH)
Just confirmed a breakdown past the neckline. NFA
First let me start off by saying I'm aware of how bullish traders are at the moment, I wanna see some upside too. I also do believe if we can go absolutely parabolic if we breakout through these major supply levels. However we've seen BTC make runs similar to the one we're seeing right now and still get shot down, so trade carefully and manage your risk. Yes I'm...
We saw a nice expansion from Bitcoin following the Power of three on the HTF. This is me just testing the strategy, I could be so wrong here, But let's see...