We’ve broken above the fib and used it as support. Now the daily looks good to go. Market cypher shows a bottom. I’m long till we get back into the 11k area.
We wicked straight up to the fib testing 9,700’s. Back onto this resistance box, blood diamond on 4hr market cypher. Not lookin good for the bulls as of now
Leaning bearish right now, most of the lower time frames look exhausted. Daily RSI is low and so is the volume. Calm before the storm. I’d like to see bitcoin reach the bottom of this support box and get a bounce.
Bitcoin has held this area as support. Lower time frames are looking more optimistic now. Market cypher lookin good from the 30 min to the 4 hour with the daily starting to turn up. RSI is in the can. Could be a little bounce here, id like to see what happens if we can touch the 50 MA at 9,933.
Bitcoin has finally popped this triangle we’ve been in for months now. A good confirmation of the head and shoulders. Volatility is finally back with sellers heavy (maybe that 2bln hitting the market) we could be winding up for a massive capitulation. Either way i intend to profit from the price action. BRING IT ON! The lower time frames on market cypher NAILED...
Jumped in a long at 10,115 and rode this up but I don’t see much steam left on most of the lower time frames. RSI high, market cypher giving me sell signals short term. I don’t think we’ll come down significantly but we don’t ever go in a straight line.
Ethereum is looking weak, we are in a delicate position at this moment. We ducked below the .618 at 191, broke below the daily 200 MA, not only that but we are on a fast track to a death cross on the 1D. As far as market cypher goes the daily VWAP is currently crossed down (not a good sign) if we close this low we could be headed back down once again.
Bitcoin 4hr is what we looked at last night just before the dump, hopefully you all were on the right side of the trend. Here we are again on the 4 hr, RSI low, price action in a higher low. Market cypher forming a trigger wave to the upside with a vwap cross coming in a few hours. I’ll update if we cross or get rejected, so stay tuned!
Bitcoin 3 and 4 hour market cypher shows me we have a good chance of a correction soon. Trigger wave to the down side with a vwap cross confirmed in 20 minutes. RSI nearing bearish territory.
We’ve held support at a higher lower and have begun to bounce back. The 4 hour trigger wave on market cypher is finally playing out and the macd looks good as well. Not to mention we are now finally back above the 21 ema on the 4 hr. Still under a good resistance level at 10,500-10,600. Still room for rejection, let’s see if the bulls have the stamina Same goes...
Bitcoin looks to play nice for the time being. Meanwhile these alts could have potential to start popping finally. Macd divergence playing out, snake eyes on market cypher. Could see a good little pump This is the macro though, lower time frames show some turbulence
Double bottom is holding above the .382 on the macro view. 4 hour macd looks good, market cypher trigger wave forming as well. We’re climbing above the ema’s with some bullish crosses happening across many lower time frames. Let’s see how much the bulls can push us up
Bitcoin dropped below its bear flag formation, failed to get back above the 50 MA on the 1D we’ve broken through the .618 The death cross on the 4hr played out well, the sell pressure is stronger than the buying. Until we can get back above 10,700 it’s hard for me to be bullish now that Iv seen this. Unless the bulls come back in force and put in a double bottom...
Clearly the bulls are back in town. We have heavy resistance to climb through but the daily looks absolutely beautiful. Macd bullish cross coming soon, market cypher trigger wave forming, we are sitting JUST above the 50 MA (10659) Guys this could be setting up for a new higher high. I don’t want to sound overly optimistic, let the charts paint the picture
The resistance at 10,700 is heavy. Wicked up to 10,750 and rejected fast. Hourly and 30 min has downward momentum coming. Daily still looks beautiful tho maybe we retest 10,400 then continue
Bitcoin seems to have had a bullish break of the bearish pennant it was forming last night. Currently we seem to be forming an ascending wedge with the 50 MA above us at a resistance zone at around 10,700. The 200 MA is currently acting as resistance for bitcoin now as we are just below. A strong break with volume would be a very good sign. But we still have a...
Being oversold, no where near bitcoin in terms of gains this year, dominance starting to climb as bitcoin teeters on the edge of a cliff. It’s also starting to climb above the ema’s Daily market cypher shows a green dot. A break above the fib at $189 could be a good sign of upwards momentum Also bullish div on Macd, this may be a good time for ETH and the alts to run.
This fib that I have pulled is purely speculative. It doesn’t have any merit other then it lining up with the price action and where (I think) price will go. However it does line up with the death cross coming on the 4hr and the 200 MA (the yellow line) meet the fib at 7,600. Obviously purely speculation but I’m seeing these levels have more and more confluence...