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#BTC Update Technical update Taking a step back and looking at the daily chart we can see that the ascending channel is being respected. Not only that but the 0.78 Fib has been acting as a strong support level. The $39k area is a confluenced support that is comprised of: - Point of control - Bottom of the channel - 0.78 Fib Three technical supports that have...

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The descending channel has been acting as resistance and support successfully this Week End and we have now headed to the 0.618 Fib on the 4h chart , for now it is holding. RR ratios for longs and shorts are not ideal for the moment so we will hold for a while. Important level to watch closely is the 0.618 Fib which is equivalent to around 41k. The orderbook is...

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Luna 4h has a very nice candle formation just above the point of control , trying to break the cloud AND back inside the ascending range, waiting just for the cloud to be confirmed and can open a position given the general market can support the move. Bullish

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ETH is now struggling to break above the confluence point (kumo+ ema200) that if broken will lead to the last rampart which is the descending trendline . Definitely an important level to watch that can lead to a big move if broken.

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Daily view. We are in a triangle formation that is pretty wide , yesterday rejected from the POC and recently from the bottom of the Kumo cloud. The price is squeezed between two technical S/R levels and will probably stay like this till late Sunday. I cancel the potential long idea from yesterday and urge everyone to take a standby stance. On the chart i noted...

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On this analysis we are taking a simple look at the daily chart that is looking great. Been a while since we said that but it does. Notable aspects: - We have an inversed H&S pattern that is pretty well defined and the price is now trying to break the neckline - Support is getting stronger at the $42.000 area - The Kumo cloud is breakable and will also offer...

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In this analysis we are going to take a look at the classical timeframes with a focus on the 4H chart. So let's take the charts one by one and establish our findings: The main 4h chart - Price rejected multiple times on the descending trendline(red) - Price supported by the ascending trendline(white) that also rejected the price multiple times - Price inside...

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In this analysis i chose to check the smaller timeframes first with a glimpse on the daily chart. 1Hr chart (main chart up top) is in a triangle, that is clear, with the price action inside the cumo cloud and rejecting the top and low side of the triangle formation perfectly. If we were to project the height of the triangle to the top and bottom sides of the...

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When it comes to BTC and ETH which are extremely similar on the charts we can see the clear channel and we can also see the the rejections that occur on fibonacci levels. We held the 0.5 fib under the pressure of the descending trend line and what was obvious happened, now this allows for two things , one would be straight up shorting which can make sense but...

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Hey everyone, it has been a while since i dedicated an entire analysis to ETH. So lets take a look at the Daily which provides us with some good patterns and allows us to note some important Support and resistance levels. First of all note the repeating bear flag pattern. We can note four of them clearly formed and we are now in what seems to be the...

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Starting with the weekly we can see that the price has managed to pierce the Kumo cloud and is now retesting it with a low volume candle. The fact that we managed to pierce right through a moderately thick kumo on the down side would mean that we can do it on the upside aswell but for the time being this doesn’t seem to come even close to be true. We are at the...

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BTC Update part 2 On the left the daily (ray of sunshine): It would take an engulfing candle to make us think that we will go for the next formation. The previous candle had a high of $36835 , can we do this with Sunday volume? If we do manage to pull that off, that would be achievable most likely in the last part of the day, the target would than be somewhere...

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BTC is showing signs of weakness right now, and the institutionals have helped it drop yesterday night just before the trading floor closing, pushing the price to the trendline that supports the 3d formation . On the chart you can see that the price is on the edge , depending on which side we get out of we will know what will come. Scenario 1 Bearish : We...

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#BTC Update What's new since the last BTC update? Trading volume over the weekend was below average and we have been trading in a range that has a high of $43800 and a low of $42300. BTC's daily outlook remains positive with no clear signs of reversal. The sector chart shows nothing exceptional and as said before, without institutional volume we could possibly...

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4h chart: Right now it is fighting around the $43400 level that is a confluence point formed by an ascending trend line and fib level. Lower targets: 41800 Higher targets: 45800 If we look at it in a simple manner this can be a RR 2 or less trade, depending on your entries. And yes, mid term view is bullish, hence the long trade idea. 15m chart: Trying to...

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After testing the 44k resistance level, BTC looks like it is taking a breather before continuing on the upside in a stair manner. On the 15 Min timeframe we can observe clearly that we are in a well defined range and we are now more or less in the middle of that range, the side breakout of this range in this timeframe will define the 1h and 4h trend for the next...

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Nothing last forever, not even bear markets. I am coming back to my weekly chart for this because smaller timeframes are noisy and can mislead. Technically we are going to hit the same area we have hit before going up with big volume back in July. Pretty confident that the 40-41k level will be the final tested level.

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Cocos-BCX is a decentralized bridge between GameFi and any nft Metaverse platform featuring launchlpads, investment, distribution, IGO, staking and a big dev community. The fundamentals of this project are solid, creating a bridge in what is to be one of the biggest revolution our generation has known besides crypto. Technicals: The daily seems to have...