MichiBTC2021

MichiBTC2021

There are two reasonable trade options (1 short and 1 long) both are today derived from daily and weekly Pivot levels and Session volume PoC. Option 1 has as premise the completion of double top pattern and is my favorite today. Option 1 becomes invalid as soon as new ATH is formed. Then option 2 is active.

MichiBTC2021

There are three reasonable trade options (2 shorts and 1 long) both are today derived from daily and weekly Pivot levels. Option 1 is in case of bullish continuation. Option2 is interesting if Option1 is inverted

MichiBTC2021

Tomorrow there are two reasonable trade options (1 shorts and 1 long) both are dervied from the triangle formed within today and are inline with the derived from support & resistance areas. For details see text boxes in the chart. I prefer option 2 Notes: green and red boxes dervied from last movement volume areas, Pivot levels and Fib levels. yellow boxes are...

MichiBTC2021

Tomorrow there are three reasonable trade options (2 shorts and 1 long) derived from support & resistance areas. For details see text boxes in the chart. I preferable look for option 1 or 3. Option 2 comes only into picture if development of option 1 fails, without any new alltime high tomorrw. Notes: green and red boxes dervied from last movement volume areas,...

MichiBTC2021

Tomorrow there are three reasonable trade options derived from support & resistance areas. For details see text boxes in the chart. I preferable look for option 1 and 4. Notes: green and red boxes dervied from last movement volume areas, Pivot levels and Fib levels. yellow boxes are derived from higher TF MAs.

MichiBTC2021 Updated 

Active COT Signal and downtrend on weekly: The 1d bearish market structure is still in place. On the 4h timeframe a small correction is confirmed and upper range of 1d market structure. If next 4h candle close below last low then lower high is confirmed and 4h down trend is in line with weekly and daily time Frame RR: 1:2 Make your own decisions!

MichiBTC2021 Updated 

The COT Index provided a Sell Signal in the last weeks and bearish seasonality in 6 years and 9 years average. Bearish trend reversal confirmed with close of candle below support level (now resistane) on 3.11.2023: 1d and 4h show strong bearish reversal areas according to marketstructure. A 4h close will give a great oppertunity for short trade w take profit...

MichiBTC2021 Updated 

The last COT index signal was bearish. The saisonality show a strong bearish trend for the next weeks. Addtionally, the price was rejecte twice in the red resistane box. Next support expected at 0.62. SL: 0.6601 Target 1: 0.62 Target 2: ~0.58 (suppot by red trendline) RR (Target 2): 1.7

MichiBTC2021 Updated 

The price breaks out on range on daily chart. Additionally, the resistance trend line (weekly chart) holds. --> double Bearish signal COT index bearish and from the week after this week bearish saisonality. A daily close below 22.20 would be additional sign of weakness SL: 24.75 (above high of range) Target: ~18.50 (previous tripple bottom) RR: ~1.8 Manage your...

MichiBTC2021 Updated 

The Russell2000 CME_MINI:RTY1! breaks-out of range defined on the weekly timeframe with an upper limit ~1890. Additional the 18EMA crosses the 200EMA, which is also a bullish sign. SInce the last two days were very bullish, a small reversal may occur and offer oppertunity to enter trade. Additionally the COT commercial index for NASDAQ signals a bullish...

MichiBTC2021 Updated 

COMEX:GC1! is traiding since Sept 2020 in range between 1690 und 1985. Currently the price action is the upper range limit. A analysis of COT index indicates a short signal, which comes along with high open interest oscillator. This two indicators my forecast a reversal of the uptrend COMEX:GC1! . Since the price shows a still a stable uptrend (price is above...

MichiBTC2021 Updated 

The MCX:COPPER1! is in uptrend despite the counter COT commercial index direction. Additionally, the strong resistances on weekly basis may give support. Bullish continuation is possibel only daily close above this strong resistance area. SL: 4.1 (last local low) 1. Target: 4.475 ( next resistance on weekly basis) 2. Target: 4.55( next resistance on daily...

MichiBTC2021 Updated 

The Dax Future is approaching a strong resistance area, which starts around 14600. Additionally, the spread between the next Future ahead and the overnext Future ahead ist strongly bearish. A reversal is expected. Additionally, the RSI is overbought. A target price would be 14000. The resistance area is passed above 14700 points and then a situation gets...

MichiBTC2021 Updated 

Currently we are trading at ~63USD. LMND found support yesterday at 61USD line, which gave as already support beginning of October. In between a head an should pattern (green) was formed on 1h chart, which technical price target was around 58.66USD (red arrow). This wasn't reach since the support at 61USD seems to be really strong. Many users identified already...

MichiBTC2021 Updated 

Cardano formed a symmetricla traingle in the last weeks (purple) on the 4h chart. It recently formed a higher high (last HH), which would mean a retracement. The big but: The market pressure from bitcoin is huge. Thus a pump from the purple triangle most propaply will happen. Of course, a retest of upper triangle line is also very probable after the break-out....

MichiBTC2021

The ethereum chart show a tight situation at ~3600. This region is limited at lower side at 3550 from the Fibonacci level from our last big down move and on the other side from the last high at 3650. The direction of break-out will maybe give hugh indication for the next price action. I personal see the up-move more probable due to the good mood in the bitcoin...

MichiBTC2021

Within the big triangle from my last idea. A small triangle is formed on the 1h chart. The lower trend line is quite steep, which indicates that it is unrealistic that it holds. This would intiate a dump to technical price target of 33.600, which is clearly below our support on Fib levels on the last price actions at 36800 and 35200. If the btc break-outs on the...

MichiBTC2021

In the last hour the BTC where rejected from the upper trendlinie of the purple descending triangle. Now there are two secnarios: The red level (~36.800) gives support (the level gave support in Jan 2021 and was already a Fib level in the major price movement in the last month--> see Fib tracement boxes at the very left). Then we have high possibility to...