calmrat

calmrat

25.6k BTC. mid term resistance is clear. if asia can push us through 25, and america wakes up with long volume, to soak up the Asia end of day sells, the next level to beat is 25.6k. this level is the short resistance which brought us into the low 20's back in mid June. it won't be easy to get through. but expect fireworks as we approach the line either way. 👍👎

calmrat

Are we in an ascending or descending triangle? 25k or 21k next? 😭 🚀🛸🙌👎👍

calmrat

next stop for $btc? 26.5k. If we are rejected at 24k, and drop below 23.5k, doesn't it look like a failed bullish pump and dump to capture longs from 24.5k?

calmrat

We might blow right through it, and if we do, it looks to be the short-term new support. otherwise, expect a quick and hard bounce from the bears and a retrace back towards 22k and lower. strong bullish $DXY moves dont give me confidence for the bullish trajectory, but if DXY pulls back, 🚀

calmrat

within the next 8 hours we will see a break from the current level, which appears to be forming the end of a symetrical triangle, or rising wedge on the 2h time scale. will you ride the wave 👍👎 watch for the premarket fakeout! Asia is waking up soon...

calmrat

with low volumes and clear resistance at current levels around 23k, the weekend market is looking good for a short setup to 22k and below. every downward move is backed by strong support volume. prices just aren't sustained on the upside. someones catching the dips, perhaps setting up for a bigger bounce next week? anyone see it differently?

calmrat

Risk reward at the moment is incredible as far as my charts can tell. rising W forming off the back of a solid W which competed the retrace to the bottom the short term bearish moves that moved us to clearly defined, volumed backed gann support levels in the chart. Be safe out there!

calmrat

trailing now at the bottom of the mid term support, the lower volatility during the weekend could allow us to finally retake 26k. 🚀 get your shorts ready if we drop below 23k though again with low volumes. be safe out there!

calmrat

Looks like the bears are continuing to play in the warm summer sun. As mentioned before, since we didn't make a strong push above the 24k resistance, we were in for a retrace back toward $22.5. Now the question is, will we bounce toward 25.5 from here with a nice W or are we going to capture the liquidity left behind during the minor push through 24-24.5k, where...

calmrat

Consolidating since Wednesday, with volumes down for the weekend BTC looks ready to go! upside target 25.5, but it's cloudy out there, with a chance of meatballs! ☄️ if we can't get clearly above the mid term resistance, we will be retesting 23k with a probable breaking point at 22k before we know it! that said, my bets now are LONG.

calmrat

If you were to put a computer in place to do trade for you, wouldn't you want it to take simple decision lines over more complicated? Liquidity from hedging shorts along with eager sweating bulls who sold with them to protect their downside risk will be catching the wind up to 32k soon, if buying pressure continues to drive with high volumes into and past the...

calmrat

what's your take on the 2h chart? bull flag completed to the upside. will we more likely see a 25.2k $BTC in the next 48h or are we in a setup for a return to 22.8k for a retest of mid range support? I'm leaning toward a relief rally continuation, with FED announcement of a less drastic rate hike than anticipated.

calmrat

If we can't beat through the clear 24-24.5k resistance levels where we are slowing at this exact moment, this is just a fake out. Be careful out there. We must clear 24.5k resistance with strong volume!

calmrat

Wait for it! If volume continues to come in, watch for a quick breakout to the upside if we overcome the FIB golden pocket / 24.7 resistance we formed during the most recent mid-June dump.

calmrat

The short-term support and resistance levels for $BTC in my best estimation is about 22.5-24k USD. If we continue to have the volume on the upside and we move through 24k with enough momentum, I expect a continuation move toward the longer term resistance which now sits around 25kUSD. The question is, was yesterday real sentiment, or just another bullish fakeout...

calmrat

The lines in the sand are pretty clearly drawn. Question is only about volume and intent. That, unfortunately, is unpredictable.

calmrat

Sliding along the longer term support levels, if we quickly move toward 23k, but fail to overcome resistance, expect a quick a brutal pull back toward the downside. Watch for fake outs! News this week might cause some extra volatility. This week: July 26: FOMC Meeting, Microsoft & Google Earnings July 27: Meta Earnings July 28: US Q2 GDP Release, Apple Earnings

calmrat Updated 

$BTC is trending towards 28k, if it remains in the same channel it's currently in. Expect a pull-back otherwise. 21.5 is the next significant level of resistance I can see.