eBlockChain

eBlockChain

In terms of supports and resistances, BTC shouldn’t have lost 40k. No time frame is bullish at this stage. While the weekly candle close if almost 12 hours away from now, I decided to look into the matter from EW perspective. If we consider EW here, as long as BTC doesn’t breach below 37k, this could be the 4th leg down before going up on the 5th leg. This...

eBlockChain

The USD index is approaching the 0.702 Fibonacci level. This is very critical for determining the direction of not only the DXY but the global markets including Crypto. If the DXY get above the 0.702 level reaching the 0.786, then expect bloody days for crypto and stock markets. As this will determine the direction of the DXY is upwards. If the DXY gets rejected...

eBlockChain

Looking at the 4H chart, BTC pretty much should not lose the 40k support as per the Quantitative Qualitative Estimation (QQE) indicator. And for the RSI not to lose the 40 level either. I say BTC ought to move upwards from here., if the momentum to keep going. Otherwise, BTC will spend more time in the 30,000s. The coming hours before the weekly close are...

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The bears had their run, pretty much blooded the bulls over the past four months. Now Bitcoin is at decisive level battling both the 200D EMA, 21W EMA & 20W SMA Band. For the Alts to rally, BTC needs to 1) get above the 200D EMA $46k. 2) get above the EMA/SMA band $48k. Traders will be split between holding their fingers crossed, or shorting the market again....

eBlockChain Updated 

There is no doubt that Bitcoin entered the bear market at this stage. Since November BTC continues to form LHs & LLs. And here we are in sub $40k zone. If we look at every BTC peak in the past cycles, we can see it fell from grace before retracing back to the 0.618 / 0.702 FIB levels. Then and only then the Alts Season starts while BTC plunges into the abyss of...

eBlockChain

Bitcoin has been setting LHs and LLs nonstop. And it’s bearish across all charts. However: If 41.6k holds, we could be setting a HL on the 1H chart. At least a relief to follow. If it doesn’t then… well, you know the drill.

eBlockChain Updated 

As per the SuperTrend Indicator, across all time frames from the 15min, 1H & 4H charts => Bitcoin is in an uptrend capped at 48k on the daily resistance. So while we see BTC almost standing still with sudden moves in either direction, even as per the RENKO Candles, BTC is in choppy upwards trend.

eBlockChain Updated 

Bitcoin just broke a support on both the 15th and 1h chart. Being. Weekend expect high volatility in either direction before the weekly candle close. But for now, prepare for the market to get blooded.

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Bitcoin is confined between 43.4k-44.4k. One way has to give. On LTF it is bullish while on HTF it remains bearish, I expect a breakout towards 45k at the 20D EMA before a correction.

eBlockChain

Next stop for BTC is 45k on the 4H chart with hard rejection to follow… 45k is a major resistance at this stage. If and only if, BTC is to go through the 45k resistance, it could be on the 2nd attempt.

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Death Cross is showing up on the daily chart between the 200D EMA x 50D EMA. Usually BTC rallies on the death cross then afterwards sets a HL. Expect high volatility this week. But we are not out of the woods… far from it.

eBlockChain

BTC has been within a weekly range, and has been rejected every time it attempted to breach the 20W EMA. Yet, the bottom remained a support every time it got tested. One direction has to give. Technically, BTC remains bearish across all time frames, but on the 1H chart it is showing strength as it has bounced off the 50EMA and held it upwards from there. If it...

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BAT is bullish across all charts but the LTFs. The 1H chart is yet to become bullish as it is testing the 1H EMA band.

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ZIL is bullish on the 4H chart but retested the lows as per the 1H chart while maintaining the EMA band intact. Going long from here based on the 4H chart, as the 1H chart is yet to be bullish.

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XTZ is about to breakout of the 4H EMA band. A retest for $4.5 could be in the cards, otherwise it may trend further up from here.

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BAL is about to breakout of the 4H EMA band. A retest for $17.5 could be in the cards, otherwise it may trend further up from here.

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RVN broke out above both the 4H & Daily resistances long ago. And is continuously trending higher. Currently the 1H EMA band is green above 4H & 1D green bands.

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ALGO just broke out above the 4H resistance. RSI is flat and the MACD is bottoming low, while the price is going sideways.