stikytrading

stikytrading

BTC is consolidating. More than likely, it is the news of COVID that is suppressing it. There isn't any news I can find that is negative toward BTC. The DXY is coming down but it is not having the effect on Bitcoin. BTC Dominance is still sideways too. The Daily and H4 LASS are both in the middle of the range with no momentum. All this contributes to the sideways...

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Price is currently playing between the 50EMA and the 8EMA. We didn't get a higher high before the retracement and you can see in the descending channel that price still did not break out of it. News events are affecting the run at this point. FUD brought on by misinformation from misguided news outlets worldwide. The DXY is falling predictably as well but the...

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SOL may retest the 78.6% zone and if it does, that would be a great entry. It went way up into the 50% zone but is now falling back. The Stochastic is at the oversold area so the retracement may not make it back to the 78.6% zone. You could draw a fib on this timeframe and see if it comes back to the 50% zone there for an entry too. I have put that in this chart...

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It's late to enter ETH right now. We are near a new high and price is above all the EMAs however, I would expect a retracement from the current move at least a little bit. You can see that 78.6% zone was super strong. Price spent a lot of time inside that zone before coming out. Price is also overbought on the Stochastic so be patient for this one to come back to...

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DOT almost made me redraw the fib but price did not make a new low. It has popped out of the 78.6% zone and has retested. Price is above all but the 200EMA. A close above that would signal a good jump. I would look for move up of about 25% or more once we get that close.

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Had to redraw the Fib because on this timeframe, price went below the 100% retracement. In the current levels, BTC has broken out of the 50% and has retested. The EMAs are converging, there is divergence right now. Things look good to see BTC continue up. A 10% increase is likely if we can set a new high above 60k.

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Price entered the 78.6% zone on a long wick and then jumped out. Already making higher highs. If you were considering using ADA for Exchange trading, this was the entry of the week. This is also why it's important to check these charts daily. We already have a new Higher High although price is at the overbought area. The current retracement should be shallow and...

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BTC is no longer on sale lol. No Cyber Monday apparently. Saturday was a really strong move out of the 50% zone and has support from the Stoch and LASS. DXY is coming up a little today. And BTC Dominance is finally near a new high around 43%. I expect a small retracement around the 50EMA before price continues in the uptrend. I also made a few changes. I am using...

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So, I am trying to use a line chart now instead of candles and wicks. We will see if this is more accurate. Right now BTC is retesting a 50% zone. I think we may see a drop into the zone overnight. There is a level at 52,700 that might work out as a reversal zone. but I would also wait and see if it hits the 200EMA which would be around 49,900. BTC dominance has...

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Black Friday Sale BTC Report lol. So it's the Friday after Thanksgiving here in the US and BTC is on special pricing sale! There may be a small drop over the next few days but BTC is on the clearance rack. Get it while supplies last! I don't see why BTC would jump out of this zone right now. I really feel like it is coming down to the two reversal zones I have...

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Wednesday Night BTC Report. Driving last night so didn't have time to send it out. Tonight looks like BTC is on the way back up even though we have a bearish colored candle. The candle itself is actually bullish and based on the LASS and Stoch should continue up. I expect price to come out of the 50% zone, retest at some point overnight and then continue the...

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Monday Night BTC Report. Cautious optimism. Price is likely to consolidate where it is right now in the middle of the zone or it may move all the way to the bottom of the 50-61.8% zone where there is some strong support. The DXY is moving up after a strong move from yesterday's candle. It still has a way to go even the the Stoch shows it as being overbought and...

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Sunday Night BTC Report. BTC Surprised me overnight. Still coming down but is probably going to retest the 50% before heading back up. The stoch is oversold but hasn't started back up yet. LASS has momentum on the daily but the H4 is still overbought. DXY opened but is heading down slightly. BTC Dominance is barely moving up too. Slow going but we should see price...

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Saturday Night BTC Report. Price should start coming up soon. May wick down to 58,500 but we should see a higher close by tomorrow. A close of 60,500 is likely by tomorrow. That is also where the 8MA is currently. The DXY is closed so will have no effect. BTC Dominance is slowly coming up but is still below all the EMAs and needs to really jump up to be...

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Friday Night BTC Report. Well, I hope you got in earlier or even last night. BTC had a good move up today. Looks like price has exited the 50% zone and is going to continue up. May drop a little overnight or might just consolidate. Should see 60k tomorrow sometime. There is structure there that will probably pause price. DXY is at it's highest since July of 2020....

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Thursday Night BTC Report. Price is hovering around the bottom of the 50-61.8% zone. 55,300 should work as a support level overnight. There is a very strong structural component at this level. A Rally-Base-Drop-Base-Rally is from 55,300 down to 53,500. Get ready for entries coming up. LASS is oversold on the daily and h4 and the stoch is nearly oversold. Price...

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Wednesday Night BTC Report. Look for price to either go sideways or fall slightly overnight. Look to the 50EMA as a support level. DXY is retracing slightly so hopefully that pushes BTC up. BTC Dominance gapped above the 50 then came back down. Daily LASS is pretty much oversold on Purple, Yellow and Red. Orange is still on the way down.

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Sunday Night BTC Report. Seems like we are done with the 50% buyer's zone and heading toward the seller's 78.6% zone. We are currently in the seller's 50% zone and have hit the top and then come back down inside but that candle that made that move is only 2 hours old. We should break out and probably nit the next resistance level overnight or sometime in the...