Even in sideways market action I can still call these moves. The daily printed a blood diamond and had an entire day of confirmation for an entry and BOOM, dump.
Bitcoin needs to get back into the 7,500's within the next 2 days to show an even more concrete sign for the bulls. The 2-3 day look golden, the 12 hour looks like a bottom as well. The winter is almost over.
Sometimes the best long positions come in times of little hope. The first death cross we had back in 2018 we were met with different circumstances, but even as we plummeted bitcoin was able to form a bottom and carry back up 50% to reach the 200 MA. Here this year we had a massive rip on the day of the death cross. Yet here we have formed a potential bottom in the...
This weekly close could be one of the most trend defining candles we could ask for. If we close this candle underneath the 50 MA (anywhere in the mid to low 6k's) this could mean a testing of the 200 is not only practical, but probable. However, all hope is not lost. The bulls still have a chance to step up. A close at the current price action, or above would...
Multiple time frames we have currently failed to get above the 50 MA. I see potential for a bart back into the 6k's. More detailed analysis in the group t.me
Market is at a stalemate. Volume is low, greed is high.
Im liking the way the 6hr and 12hr charts look. Could be gearing up for a little rally soon. Been in a long since 7,210 this morning. Ready to see how things play out. I still stand by my 8-9k prediction from before. If youd like to get real time alerts on this market I've created a new group for the trading enthusiasts. t.me
Haven't posted charts on this account for a while, Iv been focusing on perfecting my craft when it comes to TA. So far Iv kept a step ahead throughout these last few months. Giving the people close to me an edge. However I feel this chart deserves some attention. The moment we seem to have bottomed all of a sudden its 100k predictions again, I mean you guys know...
Dump may come sooner rather than later
The inverse C&H played out nearly perfectly. Now the question is, will this support hold for a 4th time? Are the bulls willing to pick up some cheap bitcoin under 10K? Is Bakkt really gonna flop like some Coinbase listing?
All the while ETH.D climbin, big move is coming. Bitcoin is below the 4hr 21 MA, we don’t have to dump here but it isn’t looking all that great. Bakkt is live so there could be a flood of volume starting with a massive wipe of weak hands. Don’t forget we are still in an uptrend over the course of this year. I believe we are in the beginnings of the multi-year bull...
Bitcoin has now plunged well below the 21 MA on the 1D TF ($10288) the dominance has dropped to 69% as Ethereum dominance now up to 8.7%. The drop for Ethereum has also been mild comparatively and is still above the 21 MA. Could we be witnessing the beginning of the flippening? I believe if we are truly in a bull market bitcoin will begin to share its market...
I started to write this late last night, so I’m a bit late to the punch seeing it starting to play out. Bitcoins dominance was due for a good pullback. ETH clearly had room to go but a question came to mind. What if bitcoins dominance pulling back would be good for bitcoin? The amount of money flowing into the market going mainly into bitcoin caused the dominance...
Volume is low, hopium is high, indicators winding up. A big move is upon us. Bitcoin dominance is ready for a pullback. Notice how ETH.D is now 8% take note. These alts could run hard. EOS weekly looks about as good as it gets.
The last few days have been a volatile playground for whales. Massive stop outs and liquidations. The 1D looks ominous, lower TF not so good. Volume is low, this move could be quick
Volume is strong, we are above the 50 MA on the daily, and MC looks good. Let’s see how bitcoin responds at the next fib stop/ trend line. Could be an over all bearish trend forming if 11,360 sends us right back down.
Falling wedge and in a good area for a bounce, $300 target. Market cypher green dot with a cross.