Bitcoin hasn't do anything yet which is good cause as long as it stays in that trading range with controlled drops while Bearish TIME is consumed bulls still has the upper hand. So for now and the rest of week #6 the move still is to the down side even if price doesn't drop we should get confirmation of trend this week for now the move still down meaning any...
We just closed week #5 and doesn't look good and we enter week #6 where we usually get confirmation of trend in this case Weekly Down Trend if during the week price breaks support of 89K and closes below it then weekly downtrend will be confirm and eventually we will see prices below 80k but if it bounces from above 93k then another test and possible break of the...
Big liquidity pools are always a magnet for price, and now that most of the liquidity zone above $101500 has been absorbed (rekt) while a 4hrs Bearish TIME Cycle is in progress next move will be the $98325 then little bounce just to continue lower but if it doesn't prints a lower low on the 4hrs TF then the weekly trend will resume its move to the Upside. In...
After going UP too fast and furious (which is good) it reached the top of the 4hrs Bullish Cycle but something is NOT quite right, this time Bitcoin didn't take the liquidity that is just above the $101k (red shaded area) and that's weird to say the least. Be careful if starting a short cause that liquidity is a magnet for price so using a low leverage factor...
After breaking the $90k 4hrs tf support we have confirmation to the down side and from now on every bounce from the 4hrs tf will be just to print a lower high until the pattern is broken or the move is transfer to the Daily tf . We are in week #5 on the weekly and so far Bitcoin is doing very good bouncing from every nasty drop. The Daily support is in the Low...
Now that we have a clearly Trading range on going is Time to long again with $101k target. No time to be afraid. As long as the $90k is not breached (eventually it will) the trading range will remain active . Buckle up ladies and gentlemen we are going for a wild ride.
Now that we had tested the support and hold firm the next move is UP for the rest of week. How high ? that nobody knows but we can speculate that it will continue trading Sideways $90k - $101K . We'll see how it finishes this weekly candle.
Well....well....well after many failed attempts to break res line of $99525 and the lack of power on every attempt but on the last attempt broke that res but with no power . If it doesn't hold $96835 then $93125 will be next or even lower before eoy. going lower than $91k and the higher high that just printed will be void and continuation of downtrend will...
Now that Bearish TIME has almost past and price didn't drop beyond its base number we can say that Bitcoin next move will be to the UPside, how high? that nobody knows but we can speculate with a $102k target and above. Buckle up ladies and gentlemen cause we are going for another wild ride.
After a great run Bitcoin has come to the area where the weekly will complete its Bullish Cycle and already started to show a change in the weekly uptrend structure so If Bitcoin keeps going sideways for the next 42 to 48 4hrs candles and doesn't drop below $87295 then by the 2nd week of Dec it probably will be above the 110k to complete its Weekly Bullish Cycle
Today the 1hr and 4hrs Bearish Cycles got in sync mark by the RED vertical lines and as long as the 4hrs Bearish Cycle is active one of two things will take place or it enters into a trading range or drop to find its balance point until the Bearish Cycle is completed and then continue higher. As of now 4hrs Bearish Cycle will last until around Nov 24th and then...
Now that Bitcoin is just at the TOP of the 4hrs tf Bullish Time Cycle we can project a short trade to the area of 76760 once we drop there and how strong it drops we will see if the move has legs to run lower to the $74200 area or is just a small retracement. Buckle up Ladies and Gentlemen we are going for a bumpy ride.
This is an update for its next move as long as it stays above the Zero Line $70545 the move is higher but if it is breached and doesn't climb back above it then we go to the low $68k and once it gets there we take another look but remember this is just the 1hr tf meaning that as long as the 4hrs and Daily are in Bullish mode every drop on the 1 hrs tf should...
Now that BTC climbed back above the $67500 mark but was not able to break the previews high and still having bearish TIME left on bears side we can project its next move and its as it shows on chart. If price do not enter into a range above the $66500 mark for the next 3 days then we will test the $64500 area . Once it gets there and how it gets there will...
Chart showing that SOLana is topping and getting ready to retrace to the $162 first support area.
Hello traders , this current bounce is the most important bounce that will tells us if Bitcoin Daily uptrend still active or it will be halted by end of week. If Bulls manage to push price above $67500 and holds firm above it then the next drop will be a higher low from the 1hr pov and if it doesn't then the drop will likely be to test the GETTEX:64K mark. ...
SOLana as long as it stays above the $149 Zero Line the the move is to the upside to go and complete its 4hrs Bullish Cycle at $163 - $165 area.
Bitcoin still in a Daily tf Bullish Cycle with plenty of TIME to go test and break the ATH before Uptober ends. This little drop is normal within the Daily tf. Buckle up ladies and gentlemen we are going for a wild ride.