kapro

kapro

If you're wondering, "Wen Alt Season?", you are in good company. Even Bitcoin Maxis recognize the fact that Alt Season creates opportunities for big gains. As we try to read the tea leaves and gain insight about developing trends we always look at historical data, but it's important to recognize when market dynamics are changing. In this analysis, I took a deep...

kapro

Last Friday afternoon, President Trump announced new tariffs on Canada (25%), Mexico (25%), and China (10%). This news set off a selloff in the crypto market. Since traditional financial markets were closed for the weekend, they couldn’t react immediately, but we might see panic selling when trading opens on Monday. In response, both Canada and Mexico have...

kapro

As I stated in my earlier analysis, rejections come from predictable levels, so it shouldn't come as a surprise that, today's pump ran into resistance at the 1.618 Fibonacci extension. The big question now is: What comes next? Once Bitcoin bulls regain momentum, push past this resistance, and return to price discovery with new all-time highs, the next levels of...

kapro Updated 

Rejections are part of Bitcoin’s journey, and they often come from predictable places. While I fully expect BTC to eventually R/S Flip $100K, it doesn’t need to happen today—or even this month. In fact, at this stage, the lows are more critical to watch than the highs. The Current Setup We’ve just seen a Death Cross between the 21-Day and 50-Day Moving Averages...

kapro

The 21-Day MA is headed for a Death Cross with the 50-Day MA on the Bitcoin Daily chart. Even though it is technically a lagging indicator, historically, Death Crosses tend to develop into more downside. But that doesn't have to be the case here. If BTC can hold above the 50-Day MA and rally back to ATH territory it will be a short term dip, however, if price...

kapro

BTC and the broader crypto market are pumping today. Meanwhile TradFi markets hopeful that the first week of the year will define the trend for the year are fighting for a green Weekly close. Markets could get a tailwind if Congress can solidify Speaker of the House before today's close, but early reports for that to happen in the next 2.5 hours aren’t favorable...

kapro

After the Trump Pump delivered massive gains on a lot of coins since election day, it's not surprising to see some huge retracements. In fact the vast majority of ALTS have given back more than 40% with many in the 50% - 60% range. That capitulation means opportunities are coming. The question is whether or not we will get a legit Alt Season or if the Trump Pump...

kapro

This CRYPTOCAP:BTC support test is developing nicely. Watching to see if price R/S Flips here or drops in to the range box to consolidate. Both would be okay with me, but the latter would add more strength to the structure.

kapro

Nothing about this chart resembles a validated support test for $BTC. At least not without landing on anything that looks like s prior consolidation or R/S Flip level. I could be wrong, but this feels like a short term bounce to trap some longs. Let's see what tomorrow brings.

kapro Updated 

That's the second wick below $69k in 3 days. Based on the number of times that has happened since BTC first engaged with the 2021 Top in March, it's a good indication that price is likely to go down further. The next levels of technical support are at the 2021 Mid-Cycle Top at $64.8k and the 21-Week Moving Average, currently around $62.7k

kapro

A historical view of BTC Halvings shows just how early we are in this cycle. BITSTAMP:BTCUSD

13:53

kapro

On the 1 Year Anniversary of Bitcoin's historic breakout from long standing resistance at $20k, let's zoom out to a 1 year chart to get some perspective with some help from basic technical indicators and a look at how liquidity is shifting in the order book with help from FireCharts 2.0 (beta) from materialindicators.com. I'M NOT A FINANCIAL ADVISOR. Nothing I...

kapro Updated 

BTC Bulls could be running out of steam. I've been wary of a pending dump, in part because, we've seen the market makers stir things up when the order books get thin, and also because Trend Precognition, VWAP, and dwindling support in the orderbook are indicating that the market could be in store for a pullback. Overbought BTC has been overbought on the 4...

kapro

Defining whether the market is in a bullish or bearish trend at any given moment is relatively easy. but the ability to determine when a trend will revert is a completely different science. Of course there are a number of technical analysis principles and trading indicators that help do that on a micro level, but defining when the macro trend will change is a...

kapro

Here's an idea. *Not financial advice. BTC is coiled up for a breakout and the market is percolating with anticipation. Unfortunately for the bulls, thus far every attempted breakout seems to be a fakeout back to the downside. Trying to figure out what is causing this, and also curious why all of the local support ranges seem to be in roughly the same size...