ProR35

ProR35

Time for a cool off? Trying to Keep a sensible approach during crazy times, I see 2 possible bullish setups: - A wick down into bullish OB plus a breakout of the diagonal resistance is a strong setup. - 2nd option is the same further down. If BTC continues to climb I'd like to see the bearish OB flipped with a convincing flip from resistance to support. A...

ProR35 Updated 

After a Trump victory the markets are booming, a new BTC ATH pushed bitcoin dominance to new local highs of 60.6%. Now we've seen a decent retracement on the daily candle and BTC is still in price discovery. This indicates to me that we have an altcoin resurgence on our hands, returning confidence in crypto and the green light for crypto support by America is a...

ProR35 Updated 

History doesn't repeat itself, but it often rhymes... We're now in the post-halving part of the Bullrun, and we can look back into Bitcoins history to help predict what might happen next. Typically A bull cycle lasts 1065 days from the low to the high with the halving event in the middle. If we use that same timeframe and apply it to this Bullrun we can...

ProR35 Updated 

With all the geo-political noise it's easy to get caught up in the low timeframe madness. Zooming out and looking at the High timeframe structure, things get a little simpler... For me, BTC has been in two different smaller phases within a larger bullflag pattern. Phase one is the bearish part of the bullflag where price prints lower highs and lower lows ,...

ProR35 Updated 

Last weeks high: $73,633.97 Last weeks low: $67,477.38 Midpoint: $70,555.67 ELECTION WEEK IS HERE! This is the one we've all been waiting for and probably been nervous about. On the 5th November the US election takes place, now we might not know for certain who has won on that day but we should have a good idea barring no funny business. At time of writing, Trump...

ProR35

Bitcoins monthly close is behind us and it's an interesting one... For most of the last day of the month BTC was above the previous monthly close high of $71,413.40. However, Bitcoin failed to close above that level coming up 1.67% short. Despite this the monthly candle is very strong, historically October is a good performer hence the "UPTOBER" nickname and...

ProR35

Last weeks high: $69,526.58 Last weeks low: $65,268.55 Midpoint: $67,397.56 2021's ATH of $69,000 was once again broken last week, that makes it the 8th time this year BTC has broken through that level. Each and every time so far price has rejected off without price acceptance above it. We are now 7 days away from the US election, with Trump in the lead in the...

ProR35

Last weeks high: $69,001.51 Last weeks low: $62,475.70 Midpoint: $65,738.60 Bit of a different weekly outlook this week as I couldn't post yesterday. So with the benefit of hindsight it looks like we have a swing fail pattern in the making after taking the liquidity from the $69,000 ('21 ATH) level. I would say judging by the chart I would want the downside to...

ProR35

After 7.5 months of what what amounts to a HTF bullflag pattern, seemingly endless chop, bitcoin looks like it's finally breaking out above and continuing the Bullrun. This post doesn't need to be overly complicated, there are a few key factors on what is happening: - Bullish continuation, a bull flag pattern is just that, after a strong rally the corrective...

ProR35 Updated 

Last weeks high: $64,486.09 Last weeks low: $58,947.36 Midpoint: $61,716.73 Following a busy week of Data events with CPI & PPI price can be volatile and unpredictable, that was evident as BTC can be seen selling off going into those data events and despite a worse than forecast CPI, the markets responded quite well leading to a climb from Thursday onwards up to...

ProR35 Updated 

Zcash is a chart I like the look of quite a lot on the 1D timeframe. ZEC has outperformed the majority of the altcoin market since it flipped the 1D 200EMA downtrend into an uptrend. The 1D 200EMA has been I a downtrend for 2.5 years since the very beginning of 2022! Since then ZEC has bounded off the moving average once with a large wick and now it has just...

ProR35

WYCKOFF accumulation/distribution pattern on the SLF chart. Could this be the start of a reversal and a move up?? I think it could. My reason is as a fresh new coin this is good for a Bullrun, little to no selling pressure as price rises due to no bag holders selling at break even from previous bull cycles. A rounded bottom structure can provide a base for...

ProR35

Potential breakout play on SEI, having broken above the diagonal trendline resistance. Now retesting this trendline as new support after making new higher low and higher high on the 1H timeframe. Price is currently in the middle of 2 draws to the downside and 2 to the upside. This does make the breakout less certain, the bullish OB that lays under current price...

ProR35

Last weeks high: $65,605.03 Last weeks low: $59,829.32 Midpoint: $62,717.17 After geo-political escalations causing panic in the markets at the beginning of last week, BTC has been spending the second half of the week trying to recover losses. The 1D 200EMA came in as support midweek to cap the sell-off, a steady climb back up flipping the 4H 200EMA back to...

ProR35

Divergences between price and RSI can often show that a trend is coming to an end and a new one is beginning. In this case we can see that RSI on the 4H timeframe hit the oversold zone, and has been steadily climbing out of it ever since. However, we can see that price has continued making lower lows and lower highs... The price and the oscillator are out of phase...

ProR35

Ethereum has generally been falling behind this Bullrun with some disappointing PA. Currently RTH finds itself able to prove some LTF strength with a breakout play on the 15m timeframe. After trending to the downside over the weekend ETH has hit a bullish OB and reacted well off that level that coincided with the bottom of the channel. Price has now broken out to...

ProR35

Following a very important week in the macro economic landscape, a round of rate cuts that signals a pivot in how governments are tackling their economies, bitcoin saw a surge from the start of the week right through until the end of the traditional trading week on Friday. Up +6.3%. Last week Bitcoin spot ETFs had a net inflow of US$1.11 billion, and Ethereum...

ProR35

Since the beginning of June ONDO has been in a downtrend that saw a -66% move to the downside. Now 111 days later price has broken out of the trend channel, showing a +15% move from the breakout. The daily candle is currently trying to close above the 1D 200EMA, a convincing close above the MA would be extremely bullish having now cleared the major resistances...