MoonAirspace

MoonAirspace

Bitcoin has been ranging between support at $3,960 and resistance at $4,000. In the last 7 Days: $3,960 support has been wicked 11 times and had 1, 4-H closes below it. $4,000 resistance has been wicked 15 times and had 5, 4-H closes above it. Ascending triangle set to play out on March 25th. RSI reset on almost all timeframes. 20D MA acting as strong...

MoonAirspace

BTC dumps have been becoming less and less volatile as time moves on. I do not believe we will drop to $3,135 again, as buyers have been defending supports on this drawn out, grinding move up. Sellers do not seem to have the will to revisit those prices, thus I believe we are in the early stages of a nascent bull market. Acceleration will take time, as bears...

MoonAirspace

BTC dumps have been becoming less and less volatile as time moves on. I do not believe we will drop to $3,135 again, as buyers have been defending supports on this drawn out, grinding move up. Sellers do not seem to have the will to revisit those prices, thus I believe we are in the early stages of a nascent bull market. Acceleration will take time, as bears...

MoonAirspace

On March 18th (UTC) there were 7 wicks above $4,000 on the 1H (in 24H) (blue). This substantially discredits $4,000 as a resistance. Additionally, a higher high was painted (pink) discrediting the idea of consistently lower highs. $4,000 expected to fall once again, and eventually I expect this to breakout and run to ~$4,100. Additionally (not shown above): On...

MoonAirspace

Line 1: The time interval between the 15th of December and the 8th of February was 55 days (1320 Hours). Line 2: The time interval between the 8th of February and March 5th was 25 days (600 Hours, 45% time of previous). Line 3: The time interval between March 5th and March 15th was 10 days (240 Hours, 40% of previous). Line 4: The time interval between March 15th...

MoonAirspace

Noted on the graph, we are in a 4H bull flag consolidation period, with two ascending supports below us. (Closest ascending support just broke $3,900 as well.) People calling a double top are grasping for a rejection. Sellside simply isn't there. RSI is cooling and is almost back to even. Expecting every low-volume dip to bounce and continue the grind upward to...

MoonAirspace

Last breakthrough of $3,900 yielded a quick breakout above $4,000. With multiple ascending supports, I believe this attempt will yield the same. 4-H chart clearly shows relentless buying and points towards a test at $4,000 on the 19th. I believe this will be accelerated due to the recent close above $3,900 resistance after some solid market indecision.

MoonAirspace

Macro Analysis: Bitcoin’s bottom has been found and price is recovering. Price Prediction: Bitcoin will breakout above $4,000, and subsequently $4,200. It will then run until the $5,000 - $5,400 range where it will find new resistance. Explanation of Chart: Line 1 $6,800 (Red): Valid, Strong, Mid-Term, Flat Resistance Verified by ranges next to points...

MoonAirspace

The strongest, (previously validated) descending resistance has already been broken by the bulls.

MoonAirspace

See comments on chart. The strongest, (previously validated) descending resistance has already been broken by the bulls. Go long.

MoonAirspace

Circled in black, the bears failed to properly fight upward momentum over the last few days, singled by the lack of volume and relative price stagnancy. Bulls showed strength which had not been seen in quite some time. This is looking like a retest of $4.2k will come within the next few days. Edit: Also, local dumps are becoming less violent and/or shorter....