rouzwelt

rouzwelt

Hello everyone, rouzwelt here. Here is my price prediction for 31 august on TAEL (WABI/BTC) and as you can see in the chart, I believe it to be between 335 to 435 satoshi (0.00000335 - 0.00000435 BTC). It's clear that the price is in a stablished and quite strong downtrend which looks to be continuing for some time, if nothing crazy happens, cause crypto market...

rouzwelt

Hello everyone, rouzwelt here Well we are seeing some interesting moves from bitcoin recently, as price managed to shoot straight up through 35k resistance level to 39k without any reaction from bears. If you have been following me you know that I've been pretty vocal about the general weakness in chart and the lack of demand and that these reasons may cause...

04:52

rouzwelt Updated 

Hello everyone, rouzwelt here. This is an quick update and follow-up of my last post, we can see bulls have started to show some resistance at 29 - 30k which can be a good signal that they are still active, but I would like to see more confirmations before opening any long positions as this uprise might be a fake-out. Break above the purple channel and 35k level...

rouzwelt

Hello everyone, rouzwelt here Well finally bitcoin broke down the 30k level, I have been pretty vocal about it in my last several posts, explaining the reasons why a drop is extremely probable due to lack of demand and interest in crypto market as a whole, you can clearly see the massive hype around crypto has vanished and the weather is pretty cold right now. As...

rouzwelt

Hello everyone, rouzwelt here This post is about analyzing the probabilities of a successful reversal and it'll be brief. As you can see in the chart price is about to break above the red down-trend line and if it manages to do so then we will see an early sign of bulls showing up to fight back, but that's only the first step. The second step for them is to move...

rouzwelt

Hello everyone, rouzwelt here I've been talking about the probability of bitcoin dumping in my last few posts, I have pointed the reasons behind my opinion and as you can see in the screenshot below of my last post on bitcoin hourly timeframe, price has dumped quite accurately compared to my projection, so this post is a follow-up on that post. Right now...

rouzwelt

Hello everyone, rouzwelt here Here on the chart you can see the orange triangle formed which price has been respecting its boundaries relatively good except that little fake out. As price is reaching to the end of the triangle, the chance of seeing a breakout soon is increasing, as most of triangle patterns generally break at 60 -75% of their length and don't go...

rouzwelt

Hello everyone, rouzwelt here It's been a few days since my last post, but not much has happened in these few days, just sideways, no clear direction, no domination from either sides. My last short trade is still active at 34850, price couldn't reach the last swing high and therefore my SL is still at its place. Let me say that I still lean more towards the down...

rouzwelt

Hello everyone, rouzwelt here Just take a look at the screenshot of Bitcoin daily chart below, almost 17X in a year. What does it tell you? Have you ever asked the question that why it should have risen this much? What's the reason behind it? Has it added additional 17X worth of value in 1 year? What fundamentals have actually changed during this time to cause...

rouzwelt Updated 

Hello everyone, rouzwelt here Well as you can clearly see in the chart, price is now reached to the lower side of the uprising yellow channel and is about to break below it, if you have been following me lately, you know that I've been talking about a potential test of the crossing point of the blue down-trend line and lower side of the uprising yellow channel in...

rouzwelt

Hello everyone, rouzwelt here This post is just a quick follow-up of my last post about Bitcoin, nothing has changed, all the technicals mentioned in the last post are still valid. We don't yet see any clear direction in the chart, in fact this week has been a boring week already, just sideways move without much volatility. I personally thought that the break...

rouzwelt

Hello everyone, rouzwelt here Here is an update on Bitcoin in hourly timeframe. Well let's begin by stating that Bitcoin is still inside the uprising channel (yellow channel) although it is still rising, we don't see any definitive move from either buyers or sellers, price doesn't move that much and this makes trading difficult at this point. Let's take a look at...

08:52

rouzwelt

Hello everyone, rouzwelt here Here is my idea about a short trade setup, please watch the video for the details, entry point, SL, TP. I hope you enjoy it, and if you do please support me by hitting like, share and comment. Have fun and trade safe as always.

rouzwelt

Hello everyone, rouzwelt here I want to start by taking a look at Bitcoin weekly chart, as you can see in the screenshot below, I have used 21 and 34 weekly EMA to indicate the possible dynamic support/resistance levels. I generally don't use Moving Averages for my analysis, cause I find them too laggy, but in this case It's not bad to take a look at them as we...

rouzwelt

Hello everyone, rouzwelt here This is an update on Bitcoin in hourly timeframe, I want to say that since 2 days ago nothing has changed much, we are still seeing not enough power and demand from buyers, as the price is slowly moving below the main blue down-trend line towards the lower side of channel. We don't see definitive push from either buyers or sellers at...

rouzwelt

Hello everyone, rouzwelt here This post may be a little more longer than my usual posts, so bear that in mind as I'm going to take a look at macro picture and fundamentals of Bitcoin and Crypto Market. Let's begin by going back to the beginning of the global pandemic, maybe one of few phenomenons that had the ability to change the world structure in every...

rouzwelt

Hello everyone, rouzwelt here If you have seen my last post about BTC you can remember that I've been pointing out possible scenarios for BTC to continue its uprise or reject to low 30's again. You can clearly see in the screenshot of that post that price started to get rejected at 36.5k level and candles printed like the red arrow projection I've drawn in the...

rouzwelt

Hello everyone, rouzwelt here Let me start by pointing out the wyckoff events happening in the chart (screenshot below), as I have been talking about this in my last posts, I clearly said that the dump to the 29k area may actually be a spring but for that to be the case we sure need to see a macro higher high above 42k and the a successful retest of around 40k,...