*Profile link for 24/7 BTC Trading Livestream* Latest candlestick has reaffirmed buyer's confidence to push higher. Price base has been confirmed with engulfing volume, cementing bear trap.
BTC confidence remains high. Correction is inline with equity market movements. Probability of upwards breakout seems higher.
**Link in profile for 24/7 BTC trading livestream** 1. Sellers unable to drive price to 30105 2. Volume confirmation after possible bear trap 3. If candle close above 30208, buyers showed confidence.
**Profile link for 24/7 BTC trading livestream** Considering that price is likely to retest support zone of 30049, I have opened a short position. Volume buildup & price movement is inline.
*** Check out my profile bio for 24/7 Livestream BTC trading *** 1. SPX price drop (engulfing candle) exacerbated BTC price drop. 2. Price recovery is halted with volume confirmation In summary, BTC price upwards momentum has been halted by SPX movements. It is important to also recognize an early indication of reversal potential . Now that sellers are in...
**Check my bio profile for 24/7 BTC Trading Livestream** Analysis: Bitcoin's price upside momentum is still intact. 1. Clean breakout is due to short squeeze of short position. 2. Healthy retracement is henceforth expected for further upside movement. (this is the part that amaze me as buyers are more cautious than before; less greed) 3. Good volume indication...
My prediction of price testing 30400 range has happened. Now, based on the latest candle formation, we can see that Doji pattern has formed. This is a break in momentum, which is further confirmed by high volume. Judging by it's relentless price behavior to the upside, I suspect the following might happen: 1) Price would remain the same, or slight downwards...
Hey folks, The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin . (buyer vs. seller sentiment) I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below) Summary of latest BTC price action: Hourly downwards pressure remains in control. Current price is reacting to 0.786...
Hey folks, The aim of this analysis is to provide you a daily snapshot on the price action of Bitcoin. (buyer vs. seller sentiment) I will also be uploading a YouTube video shortly to go through my analysis in greater details.(link below) Do check it out for more detailed insights, as I will cover off both short-term & long-term opportunities. (purely...
Hey folks, The aim of this analysis is to provide you a daily snapshot of what has happened from a price action perspective. (storytelling of buyer/seller sentiment) From that perspective, I will also share my opinion on what can happen next and what to lookout for. I will be uploading a video rundown of my analysis on YouTube (link below). Do check it out for...
This is a follow-up from previous day BTC analysis. From a daily timeframe view, we have seen solid red candle bodies with substantial trading volume backing it's movement. From a 4-hourly timeframe view, we can observe short-term seller exhaustion. As such, in the coming hours, we are likely to observe price retesting 48700 ~ 49300 levels. Depending on the...
Hi folks, here's the latest mapping of the possible price routes. I have mapped this analysis for the purpose of looking for potential price discounts to accumulate wealth. This is specially designed for Long-Term hodlers, not traders! **Kindly note, this is just my personal opinion. Currently, price is testing 50K price level. If we look back at historical...
Hey folks, just a quick update on the Price Action of OANDA:EURUSD . We have seen significant pullback since price crossed the major support line. (i.e. 1.1703) Although this is expected, pullback signals strength due to the recent failed attempt by sellers to bring price back down. Right now, price is at an inflection point which can go both ways. We need to...
Looking for hourly price to exhibit bearish behaviors for short entries. Major resistance tests at FIB Retracement 0.786 level. (i.e. 1.17762) If price cleanly cut above 1.17762, I will be looking out for long opportunities.
As mentioned in the title, this analysis is designed for hodlers only. From the perspective of hodlers who are not interested in short term gains but looking for good price entry (i.e. to buy at a good bargain), I have estimated potential buy zone boxes on the right of the chart. This is after considering several factors below: Macro Price Trend vs. Micro...