BTC looking a bit more bullish today. I would still like to see a fake out occur around this level and see BTC move back above the previous support zone now turned resistance around the 40,5k level. here is what I am looking for today: 1) If BTC manages to respect yesterday's low's and break previous high's I do expect to see the fake out and BTC to move back...
BTC has closed below support and is now currently making a retest. If BTC manages to close back above support it would have made a good fake out on support and bullish momentum can be expected back towards the next major resistance zone. If BTC continues to reject the previous support and continues with its bearish momentum then I expect it to close below 40k by...
BTC starting the week of strong bearish making a push towards the next strong support zone around 40,8k. Here is what I want to see next for bullish continuation: 1) For BTC to fill the wick level on support looking at the weekly timeframe. 2) After filling the wick zone, form a strong support around the 40k level and to stay above 40k as well. I remain...
BTC has established a support zone around the lower parts of the 43k level while also respecting my short term trend line. If BTC manages to close above the next minor resistance level around 43,8k level we could see a bullish push towards the next hurdle around 44,4k. Looking at the daily timeframe, If BTC manages to close above previous high's it will also be a...
Looking at the weekly timeframe, BTC is rejecting an important resistance level around 43k now turned support. BTC has also made a perfect retest on my short term trend line. Here is what I want to see next: 1) BTC forming a strong support around the 43k level. 2) BTC to respect my short term trend line as well as the resistance zone now turned support around...
Update on BTC. I remain bullish until my long term trend line is broken.
BTC trading within this wedge and has a strong support around the 45k level. Here's what I want to see next from BTC: 1) Current daily bar to close back within the wedge having made a rejection from the 44k level. If this happens then it is clear that the support level around 45k is very strong and that BTC is likely to continue bullish. 2) After closing back...
As BTC is just ranging at the moment I decided to do a weekly analysis. BTC has made a great retest on the support zone around 45k before rejecting it again upwards. I would like to se my support zone respected throughout the week and have a wick fill and push upwards towards 48k.
BTC forming a nice support zone around 45k that was previously a strong resistance. Here's what I'm looking out for next: 1) BTC to continue respecting this support zone and start filling top wicks left behind from the week before. 2) Push towards the next resistance zone and have either a 4h or daily bar close above within this week. 3) Push towards the 50k...
As mentioned yesterday, BTC made a retest on my short term trend line and taking the fake out in to account as well is now making a double touch on my short term trend line. I would like to see BTC respect my short term trend line and keep pushing upwards towards the next major resistance level around 48k, before making a break out to the top side of the wedge.
Good start to the new month for BTC making a fake out on my short term trend line before making a nice bullish push. Here is what I am looking out for next: 1) A retest on my short term trend line before continuing bullish towards the next major resistance level around 48k. 2) A wick fill on the 4h and move upwards towards the 47,2k level before continuing the...
With this recent short in BTC I am looking out for the following: 1) BTC closes back above my short term trend line and continues to follow it back towards the next resistance zone around 48k. This means that a fake out would have occurred below my short term trend line using the 4h chart. 2) The previous bullish 4h bars is merely a retest on my short term...
BTC coming down at the moment. This is what was called earlier this week as BTC was overextended on the bullish side, therefore a retracement was necessary. I would like to see BTC form a strong support anywhere from 45k up until 45,3k before we continue upwards. If BTC closes below my short term trend line, I expect it to drop down and retest my long term trend line.
As called earlier this week BTC dropped back down and retested my supportive trend line before rejecting it and continuing back upwards. I would like to see BTC break yesterday's high's and continue to fill the wick zone around the 48k level. A strong close above the 48k level will see BTC continue towards the next major resistance level around 50k. Closes below...
As called yesterday, BTC made a perfect retest on my supportive trend line and rejected it to the upside again. This means we had our retest and continuing to the next major resistance level around 50k is looking good. I would like to see BTC smash through the 48k resistance level within the next two days as we have a lot of liquidity in the market now after the...
After making a breakout from the wedge, BTC has retraced and is now following my previous resistance trend line now turned support. I would like to see BTC follow this supportive trend line and break above 48k to move back towards the next major resistance level around 50k. If BTC closes back below support around 46,6k then I expect it to move back into the wedge...
BTC ended last week very bullish, breaking through the major resistance level at 46k. Started this week with a bullish push towards the next major resistance level around 48k and its rejecting this level currently. I would like to see a retest during the start of this week back on support anywhere around 45,8k to 46k before continuing bullish. This will mean that...
BTC approaching the end of this wedge it has been following for a while now, therefore expect a big move coming soon. A break out above looks like BTC may move to the next major resistance zone around 50k. A break below means my long term trend line will be tested again. Important to note that BTC has had 6 consecutive bullish days, a retest is not only imminent...