UnknownUnicorn3707027

UnknownUnicorn3707027

Hi folks, This is the moment where everyone should turn bullish and LONG! . Even if we will have another dip, how can you possibly not go long with the potential of breaking the triangle to the upside. You do not want to miss out on this move. Fundamentals are now stronger than ever: FED is willing to give out unlimited amount of cash to banks. Governments will...

UnknownUnicorn3707027 Updated 

Hi folks, On the chart you can see that ETH is losing momentum. We have bearish divergence on the 4 hourly and daily , MACD cross and it seems that Elliott wave 5 was completed at the last local high. I believe we will see a sharp fall in the crypto market when Bitcoin halving FOMO is over and exchanges are going to sell . If we break to the downside from the...

UnknownUnicorn3707027

Hi folks, As assumed in the previous post, the bearish divergence played out and we broke the channel to the downside. The chart is pretty self-explanatory: At 160USD we have strong support and fib 0.5, which should at least hold for a nice bounce (volume in this region is high). If you hold long-term any entry between 160 and 175 USD should be a good spot. My...

UnknownUnicorn3707027

Hi folks, On the chart you can see the daily Bitcoin on log-scale (daily time-frame). I think right now we are completing Elliott wave 5 . Bitcoin was able to break the resistance at 9.7k, but it might fall back into it again. If this happens I am confident that we start the corrective trend. So far volume seems to be lower than in wave 3 and everyone starts to...

UnknownUnicorn3707027

Hi folks, BTC struggles to overcome the previous high from the 30th of April and lack of volume will make it difficult to pass the resistance at 9.5k. We have another significant resistance line coming down at 9.7k. I do not think we can break through both and it is interesting how quickly the sentiment of people has changed the last 2 weeks. From calling new ATL...

UnknownUnicorn3707027

Hi folks, We are still waiting for a break-out with significant volume. It seems that more people trade the channel in the range of 8.5k - 9.2k instead of the triangle, therefore, the previous triangle can be defined invalid. The longer BTC holds this level the less chance we have for a significant drop to below 8k. The moving averages (MA-50 and MA-100) are...

UnknownUnicorn3707027

Right now BTC tries to break to the upside, but it seems to lack volume to stay above the triangle. If it falls back into the triangle I believe we see it going down to the bottom of it (8.6k) or going further down to test the support line which will be at around 8.2. If it manages to break to the upside with volume, I see it going to 9.8 where the next heavy...

UnknownUnicorn3707027

Hi all, Right now the ETH/BTC pair is consolidating in within the triangle as on the chart. I am expecting the volume to become less until we reach a point where it will break-out. It seems to me that ETH/BTC pair has already bottomed (bullish divergence on higher timeframes and higher lows). I am expecting a break to the upside from the triangle within the next...

UnknownUnicorn3707027 Updated 

From the last local high (9.5k) BTC retraced to 0.618 Fib and re-gained momentum to the upside. If the drawn trend-line holds we can see another leg up to the 9.8-10k mark at least. On the way to 10k we do not encounter strong resistance zones. I would not risk to short here. Happy trading to everyone!

UnknownUnicorn3707027

Hi folks, BTC is facing strong resistance at the 7.8k - 8k level and short-term momentum seems to be missing to breakthrough. I believe we see a retracement to the 7.2k-7.3k region and from there it can go back up again. Having a short here can be risky and should be equipped with a stop at around 8k in case we break through. Happy trading!

UnknownUnicorn3707027

Hi folks, The next Bitcoin halving takes place in less than a month and I want to provide an outlook of the Bitcoin price for the coming years. For the chart I am using the weekly timeframe with y-axis price illustrated in log. From the halving date on (mid May) we can expect a significant decrease in sell-pressure since the block reward for miners will be...

UnknownUnicorn3707027

As assumed in the previous analysis, the support held and BTC broke through the diagonal resistance with significant volume. From here, I can imagine we will consolidate at around 7.5k and slowly move upwards. 8k is still our short-term target where 0.62 Fib and MA 100 meet . MACD and RSI are looking good for more potential upside. Bitcoin Halvening excitement...

UnknownUnicorn3707027

Recently, BTC broke through the diagonal resistance where it had been rejected before. Now this trendline works as a solid support while the other trendline is still in play. Therefore, we have established a strong support at 6.8k with many buyers in this region. I can see us testing the 8k which aligns with the 100MA and the 0.62 fib. Still, most people here are...

UnknownUnicorn3707027

Hi folks, Many people have been wondering why the stock market is continuing to move upwards despite all the negative news and predictions of the new crisis as we have never seen it before. I am sure it will become worse, but the effects of it will still take a while to come into play. We are seeing historic numbers in jobless claims, money printers of the FED...

UnknownUnicorn3707027 Updated 

As you can see on the chart, Bitcoin has been forming a triangle since it went full bull over 7k. The triangle indicates a continuation of the previous move. I am expecting to reach the fib 0.5 at around 7250 USD which aligns with the support of the high made a week ago. To be safe, place a tight stop loss in case it breaks to the downside.

UnknownUnicorn3707027

ETH is at a strong support right now (held 5 times) and if it holds again we should see at least a re-test of the 0.38 Fib. Short-Term momentum is to the upside and on the 4 hourly sellers seem exhausted.

UnknownUnicorn3707027 Updated 

We just had a fake break-out to the downside from the triangle which was bought up straight away. Now momentum is picking up quickly to the upside on the 4 hourly. The MACD indicator shows that the bears lose strengths for now. Looking for an entry from 7.45k to ride it all the way to 7.9k. You find way too many people shouting "Bitcoin has not bottomed yet" and...

UnknownUnicorn3707027 Updated 

Keep it simple guys. 4h and Daily Stoch RSI indicate that Bitcoin is overbought short-term. There could be another pump to test 7.5k followed by a retracement. I want to see a daily close above EMA50 to remain short-term bullish. Otherwise, we are going to retest Fib 0.5 at least. If 6.8-7.1k will not hold, we will see a shift in trend. Long-term I still remain...