knepala

knepala

Spotting Bearish Divergence on Total market. Keeping an eye on the Gap Area in Futures for potential Long entries.

knepala

Currently Net Short. Heikin Ashi showing signs of exhaustion (see the downward tails for the last candles) and Relative Strength Index is topping off at over 80.

knepala

I feel like it's about time for some pullback. We will probably have a touch of the 50 MA (pink line), but I also don't think we will correct much lower than that. I am carefully opening some Shorts.

knepala

Dominance level has currently moved below the 200 MA and is currently testing to see if it holds. Just one significant further push can usher in an Altseason.

knepala

Spotting Hidden Bullish Divergence here on the 4H chart. Brought to us by this mornings down move.

knepala

Bitcoin Dominance Percentage 3D Dominance is currently stuck between the 50 and 200 MA. If we can break down this level by force, it could initiate the first serious Altseason in a long time.

knepala

Spotted this one easier on my inverse chart. I'm seeing a Descending Triangle here, I think we will keep creeping towards Support until it breaks resulting in the start of a corrective wave.

knepala

Touch of Lower Trendline. Falling Wedge closing in on its Apex.

knepala

BTC: Rarely have seen a more beautiful retest of a Falling Wedge before. I see a lot of Bearish sentiment but I think it is about time for a Reversal.

knepala

BTC inverse: Currently hovering around the previously mentioned 8200 level. This is an important Weekly level.

knepala

Remember my previous analysis where I posted that this SFP was likely to be the bottom for the coming week. We are seeing very similar SFPs now, in addition to Bullish Divergence.

knepala

Very strong Bullish SFP here with close above Weekly Support. Possibly set the Bottom for the week to come.

knepala

Longs/Shorts: While we are at it, let's have a look at Longs vs Shorts. With the naked eye you can see that there are still about four times as many Longs open. Shorts are about to drastically pick a direction, and I think it will be in line with previous analyses posted just now.

knepala

Hadn't taken a look at the Futures yet. Looks like we have a new Gap too!

knepala

Or at least to the 8700 Area, to create a Retest of the Falling Wedge that we broke out of.

knepala

We can expect a big move soon, at the moment I am leaning Flash Crash to the 8200 Area, which is the next Weekly Support. This would nicely create the Demand for the next Bullish Impulse, which should be an even bigger one.

knepala

latest drop brought us some clear Bullish Divergence on the Daily. What seems likely to me is that we get some Bounce here, before we see another drop to the lower Trendline of the Wedge, to create another touch of the RSI Trendline.

knepala

If 7.7k area breaks with Volume, we will have a confirmed Bearflag. The next area of interest will be 7k - 6k, a revisit of the Lower Trendline of the Macro Bullflag we are currently in.