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This post is an update to our previous post. 2 days ago we pointed out how BTC had not confirmed a breakout (by closing a daily candle above $25.2k). Today we can say BTC HAS closed a daily candle above $25.2k confirming the resistance there has been broken. Please keep in mind this does not immediately mean to go long, but does show us that our uptrend should be...

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Here we can see ETH's price action after CPI. This is an amazing pattern we have been following for a couple months now and yet again it called our recent top. Red circles have called the tops we price converging with ETH's downwards sloping trendline and green circles have called bottom with price converging with ETH's upwards sloping trendlines. This is an...

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After our recent price pump we were watching for BTC's price to close a daily candle above $25.2k to confirm the breakout to $28-30k. This did not happen and instead closed the daily candle as a bearish shooting star reversal pattern. We can also see that all the candle bodies on the daily have closed below $24.8k (red horizontal line). We can not expect a...

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After CPI yesterday we pointed out how we were at the top of our parallel channel. Although we broke $25.2k and everyone was extremely bullish, we were warning people to watch the top of the channel as well as to wait for a daily candle close above $25.2k to confirm the breakout. BTC's price was rejected perfectly from the top of our channel and is currently...

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Today CPI came out as expected. This was against my original thesis as I thought it might come in at 6.1% or higher due to the oversold nature of the trend. Now we can see a few key things. The first thing to note we are currently above our extremely key level of $25.2k. Right now BTC is fighting with the top of our parallel channel . If we are able to break...

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My original thesis of BTC getting rejected at the bottom of our parallel channel (old support flipped into new resistance) around 22.6-22.8k was wrong. Since we had such a major move back inside of our channel we are now fighting with the heartline of our parallel channel. This is important since we cannot get any candles closes above $24,500. I wanted to bring...

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Here we can see ETH is in a similar spot to BTC. After ETH's rally sellers are coming in strong around $1,600. This is in perfect confluence with the 0.618 of our micro trend. If price continues to get rejected at this level as well as the 4H overbought conditions we could see a retest of the low and even lower. This seems to be a great short trade with a tight stop loss.

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This recent rally has brought us exactly back to our parallel channel. This is important as it could be old support flipped into new resistance (as shown with red/green arrows). We are also in that key zone of liquidity between $22.4-22.6k which could act as a local top for BTC. This also makes sense since our 4H RSI is exactly at overbought conditions. The only...

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Tomorrow will theoretically be a very volatile day for BTC. Dude to a lot of the recent crypto news and bank collapses, Monday will be an important day followed by CPI on Tuesday. I think if we continue to go up today you look for shorts between 21.5-21.8k and then again at the bottom of our parallel channel around 22.4-22.6k. The only longs I would be looking for...

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Yesterday we posted a potential scalp long opportunity based on the 1H timeframe. So far this theory does hold true with our 4H RSI maintaining its slight bullish divergence. But I will caution you. On the 4H, price action has been maintained in a large parallel channel. This has identified multiple bottoms and tops (green and red arrows). After our drop today...

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BTC is developing bullish structure. Lots of shorts were taken upon Powell's decision which could cause a slight short squeeze in the market. We identify this possibility based on the 1H bullish divergence forming. Same/ lower low in price but a higher low on our RSI . We can also conclude this by our 1H doji reversal candle. As long as the lows hold then a...

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We are seeing the same bearish confluence on the weekly as we have seen on the daily. Although our long term RSI downtrend has been broken (pink line) the RSI is revisiting its key 60 level. I have placed a black line here and circled a few of the times BTC has played with this RSI level. Also it looks like we could be trying to form a double top here on our RSI...

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BTC is creating the perfect short trade setup on the daily timeframe. After an almost 65% move from the lows, BTC is finally showing some serious weakness. In this chart I have outlined all the key bearish signals you should analyze for yourself. The first is our solid purple horizontal line. After BTC crashed from $48k, this was the first major support level...

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Here we have the micro trend for bitcoin . What is interesting is we have a larger bearish formation forming in the mid term (will be in the next post), but a technical bullish pattern forming in the short term. In my personal opinion I believe the bearish technical outweigh the bullish , but both should be laid out. From a bullish standpoint. We are forming an...

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After predicting the last top for coinbase around $80 then projecting the retracement would lead us to around $52 (0.618) within $1 of actual. We can now make a new projection for coinbase's price. After the temporary bottom around $52 we pushed back up to retest our 0.236 (red arrow/circle) as new resistance. This is in accordance to BTC retesting the $25,300...

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Btc has just double topped around the key $25,300 level. This is due to a bearish divergence in price action where we created a higher high in price (HH) but a lower high on the RSI (LH). If we get a daily close around $24,300 that would create a daily doji reversal candle which could send us back below $20k. Right now the chart looks very bad. But there is a...

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Today something very interesting has started forming on the Coinbase chart. We have created a double top on our 4H RSI as well as created a higher high in price. This means a bearish divergence has formed that could send price back down. This also coincides with BTC being at a critical zone. It is possible BTC has also topped out short term around $24,300 or could...

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Right now BTC is at either a continuation or pivot point. I personally think we are at a pivot point seeing the trend exhaustion based on multiple different indicators, but lets outline what is going on. After breaking down from our rising wedge price is currently retesting old support as new resistance (shown by green and red circles). Thus this could be a pivot...