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Hey everyone, Today's update will not give you a clear direction, this because of the fact that we are getting mixed signals . Positives: 1.Let's start with the Daily which is the main view right now. While we are clearly in the lower part of the $30k-$40k range. We have one important metric that flashed not long ago, that is the Puell Multiple . This metric...

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6 Weekends out of 10 are Bearish with crypto , this is one point of view. However when do we continue the trend into the week? Usually this happens with the following recipe: - take 1 or 2 spoons of FUD - 1 spoon of false retrace - a handful of sell orders near critical support levels - all of them happening in a bearish pattern on high timeframes The 30k...

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Funny how the market participants scream 80k on every green candle in this formation but want to ignore the fact that te 30k level is weakening. How long can it hold? I mean ok , it is confluencial with 0.618 fib and psychological level of 30k , but still the support is weakening and the only way out is institutional buy in. We depend on the insitutionals to get...

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Hey everyone, wanted to post an update on the weekly chart which is looking undecisive at best and bearish at it's worst. Clear Head and Shoulders pattern can be spotted on the weekly chart. The beginning of the formation was identified in december and is still running. One of the most reactive legendary trendlines (dashed on the chart) has is yet again being...

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We have seen Supports and resistances broken both ways the last 2 weeks. Bitcoin is now right back at where it started its small rally one week ago. Losing around 7% yesterday, BTC dumped right below that green Ichimoku cloud on the 4h timeframe. This is a sign of weakness and the only think holding us away from a potential continuation dump is the local support...

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We were looking for this retrace on multiple pairs, but LTC seems to have done it correctly and among the first ones. The price is now stuck between two descending trendlines that have a moderate resistance. The trade is viable because of the RR ratio it offers.

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Institutional bull move in a bear market. Can do a lot of difference in turning tides. Still not convinced that the bears lost all they had, if the pattern plays out we will still be in uncertainty. Caution!

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BTC update Heavy weekend for BTC. For this update i chose the daily chart in order to give a larger view on the BTC status. The selling pressure increased since the last update pushing it even lower to the $35k level which did not hold. The price is now in a freefall on the daily and heading towards the daily breaker, meaning that if this will not hold we will...

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After a healthy correction , we have now formed a cup, will we see a handle? Previous support level is at $46700 , local resistance at $55000 and of course the ATH . Volume is picking up and me can have a chance of breaking the $55k after a retest.

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Hey everyone, today we are taking a look at the 1h chart for BTCUSDT. First thing we can establish, pretty obvious now is that the recent price rejections gave us a local top heavily guarded at the 51.500 area , a lot of sell orders are currently placed at those levels and the bullish momentum isn't there to compensate and overcome this barrier. The local...

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Looking at the 4h chart - price dipped all the way to the point of confluence (POC) and retraced back up leaving behing a long wick that usually says rejection. A new 4hourly candle opened and is now at the point of confluence for the last formation also accompanied by the presence of the yellow ascending trendline. Where do we go next? If we close below this...

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Weekly is looking extremely strong, the candle had just a small wick to the lowside indicating that there is still the demand and buy pressure from the bulls. Hypotesis : If we were to plot the same candle as last week (and this happens after a breakout) we could project our gains for this week to about $59k. The weekly volume holds and CAN help continuation. ...

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Looking on the 4h timeframe we have had a mild correction compared to what we are used to , that correction has spiked in a low MA on the hourly , meaning that the big traders were not involved in this one, the volume that came with this drop was also small , further strengthening this assumption. What next? Currently struggling on the local resistance at...

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Looking at the 4hr chart, uncertainty and short term drop to potential bottom of the channel is possible but... While i expect a fall to the bottom of the channel eventually we are now currently supported by the point of confluence at 31850 and we still have a buy zone at the 31k level this has already been validated as the previous drop ended straight in it....

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So we re going to keep this clean. Difficult to predict a direction at this moment because the price action is currently stuck between the Point of Confluence (red line) and the local support at $30k. Now we all know that a S or a R gets weaker on every test, the probability for the price to break the support on the lower side is about 70% at this moment, as a...

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Taking a look at the 4h chart today , BNB is looking like it has closed above the local descending trendline. On the SIC indicator we can see that the last candle has also triggered a green (buy) dot. another confirmation in the pocket. On the bottom side of the chart, on the sublime wave indicator we can see that we have an ascending trend in the waves, it is...

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Hey everyone, Quick update on today's chart. Let's start with the daily HA chart The descending pattern is still active, rejection at the $28,800 level, the current candle is still looking strong and much like the previous one. No sign of reversal on this chart, however let's zoom in and see what we find. The 4 hour chart gives us more detail on what is...

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After an amazing parabolic move that has played out perfectly , we seem to be moving from triangle to triangle. We are currently supported by the upper part of the ascending channel that has guided us for the last month and that is still holding . The price action keeps testing it and even dipping to 3/4 levels of the channel but returning back . The last test...