At the moment, price is still retesting the current midvwap, but as soon as price break below 215$, sells towards 150$ come in play. On the other hand, price can still retest the current high at around 260$, but only if price manages to break above 290$ we shall start looking for buys continuation. Until then sells are more valid than buys, simply because...
Once price respects the current high that has been formed at around 46k, once price breaks below last mitigation of this current demand, we can definitely look for sells towards 40k, 35k and even 30k, depending on future data. On the other hand, a break above this current high is still posiible, but only a strong breakout above 48k will confirm buys continuation....
BCH has already presented itself pretty well for the last couple of months. A closure below 215$ will most likely make price drop towards 150$ before even thinking of going back up again. A break above 245$ can push price towards 285$-295$, but only a full break above of that area can confirm a new bullish impulse towards 400$.
I'm looking for 2 things at the moment, in order to have enough data to take a decision, regarding BTC. The first one is how price will react from 46k. From this first question, 2 scenarios arise in my mind: 1- a closure below 46k that will liquidate 40k will confirm the sell off towards 30k. 2- a closure above 46k will push price towards 51k, but even then, I...
As long as price respects 220$, BCH should be able to retest 280$ easily, but only after price breaks above this level, we shall see price head towards 360$ and 450$ later on. On the other hand, if price breaks below 220-200$, there is a high probability that price will retest 150$ before any other major move.
As stated before, as soon as price broke above 34k, it then obliterated the main target for buys situated at 38k. This is also the area where we'll get enough data to understand if price will go now towards 50k or will drop again towards 28k and even lower. It is important that price respects the current low situated at 26k, otherwise BTC can easily drop towards 20k.
Because price finally managed to close above 200$, BCH can no easily retest 230$. Only after price manages to liquidate that intermediary high and then mitigate the remaining orders above it, we will get the confirmation needed for price to continue to go towards 33$ and then 450-500$. Make sure to watch the video in depth, as I explain important cyclical...
BTC can still drop from here, especially if price continues to trade below 29k by the end of this month. As long as price trades above 26.5k, BTC can continue to go up and fill the current imbalance left on the 3 day and weekly chart towards 28.5k. Bearish chances are small from here, but if price breaks below 25.5k, then we could see a potential liquidation of...
If price closes above 200$ on the current 3 day candle, we can see a continuation towards 22$, but I tend to see only a small bullish continuation to 220 and then a strong bearish push towards 150. Only if price breaks above 230$ on the weekly timeframe, we can see strong bullish continuations towards 320 and 450$. A break below 190 from here already could make...
If price manages to close above 26.5k on the current 3day candle, we can see a simple fulfilment towards 28k and even 29k. On the other hand, a break below 25.4k can make price head towards 23k and even 21k. Only after price reacts from 29k-30k, we can be more specific regarding the long term direction for BTC.
Price is already at an important level for BCH. A failed mitigation of the remaining sell orders from here will confirm a good buying opportunity towards 300$ and even 450$ as a our main target. But, if price reacts from here and drops towards 200$, we will need more confirmation. Only a succesful break above 200$ can confirm the buys, otherwise price can still...
This is my view on the daily timeframe for BTC. A break above 28k can push price towards 29k, BUT only a break above 29k, after price mitigates the remaining orders from there, could push price back above 32k and even 34k. On the other hand, a break below 27k can make price drop further and retest the current low and potentially break below it, towards 23k.
A break above the latest area of supply from 220-250$ would confirm a potential move towards 300$. On the other hand, if price contines to respect 220$ and close below it, BCH can continue to drop towards 180$ and even lower.
If price closes back above 28.7k in the next 3 days, we might see a retest of the latest supply from 29k-29.5k. If price doesn't manage to break below this current low and instead breaks the supply, buys are valid towards 31k. On the other hand, if price breaks below 28k, we can see 27k-27.6k as the next target. Sells would make more sense if price liquidates 31k...
This is a view for the upcoming month. I expect a push to the upside once price breaks and closes above 1921, with targets toward 1930 and even 1950-1955 if price breaks 1930 successfully. On the other hand, a break below 1910 can push pirce towards 1900 and even 1980.
A break below 230$ with a proper closure at that level can make price melt towards 200-180$. On the other hand, if price manages to retest the latest supply at 240$-260$ and confirm that sell orders are no longer the dominant part, we can easily see buys towards 320$ once price breaks and closes above 260$.
A break above 30.3k can push price towards 31k-32k. Only a closure with volume above 30.3k will confirm a potential move to the upside with final targets towards 34k. On the other hand, a break below 29k with a closure below that level will most likely make price retest 27k-27.7k before any potential bullish move.
A break below 230$ can easily push price towards 200-180$. From there, price has higher chances of moving upwards towards 340$ and even higher. On the other hand, a break above 290$ already can prush price above 300$, but only a closure above that level can confirm a bullish continuation towards 340$.