stiucsib86

stiucsib86

BTC 1D chart has formed a bearish divergence pattern over the span of 2 month. We might see a short term correction soon. If correction do happen, target price would be around 0.618 fib @ $21,500.

stiucsib86 Updated 

Short term outlook for BTC does not look good. But the consecutive ATH volume sets something big up.

stiucsib86

Bearish divergence on the short term. But are we heading into the new phase of cycle?

stiucsib86

It's still unclear that this will be a breakout to the up or down.

stiucsib86

BNBUSD is approaching the apex of an ascending triangle in 1D chart.

stiucsib86

Overall market volume is declining, feels like a storm is coming. LUNA just did a run up and the chart is showing 3 peaks with declining RSI over the past 2 months on 1D chart. Be careful guys.

stiucsib86

- BTC Spot volume getting lower. Currently trading at $28,575,630,451. - Long/short ratio at 96%/3% currently on btctools.io - Aggregated perpetual open interest at $13,081,764,738.

stiucsib86

$19.80 will confirm the breakout. With that, we might potentially see a 20% rally to $24.50.

stiucsib86

Based on trend for past 1 year (2020), not really. But, based on performance for this Quarter... 1. Yesterday (12 Jan), Binance Spot recorded ATH trading volume of $26B, compared to $424mm 13th Jan last year – a 65x increase 2. Which also means Binance is generating more than $26m in single day revenue. 3. Trading volume has increased significantly for this...

stiucsib86

1. XMR/BNB 4-hour chart. - A descending triangle has formed. Not a good sign. Bearish sign. - But on RSI, we are seeing higher low. Good sign. 2. XMR/USD 4-hour. - A descending triangle has formed. Not a good sign. Bearish sign. - But considering we are in bull market, this descending triangle has less impact. 3. Historically XMR/BNB has strong support at 3.2....

stiucsib86

1. XMR followed extremely closely to ETH in terms of price movement. 2. See Red is ETH. 3. Which means similar to ETH, XMR has rallied passed Phase E of Wyckoff distribution. 4. Where as for BNB, I believe it is on the verge of breakout at Phase D. 5. See So based on these indicators, I think the likelihood of BNB to rally harder than ETH (and XMR) is higher....

stiucsib86

$BNB looking healthy with higher high and higher low in the final Phase D of Wyckoff Distribution channel. The SOS rally and LPS pullbacks are beautifully painted. But do bear in mind that we are in Dec. Traditionally cryptos have been highly volatile in Dec, especially before Christmas.

stiucsib86 Updated 

BNBUSD approaching end of Phase D of Wyckoff accumulation range and potentially the start of SOS-BU/LPS phase.

stiucsib86

BTC is still going up parabolically. within the rising channel for the past 19 days. Outlook quite promising.

stiucsib86

We are reaching the apex of ascending triangle. 4-hour and 1-day RSI is getting lower. Already 3 attempts to break 16,000 level got rejected. Hence, chances of going down is higher.

stiucsib86 Updated 

Bullish divergence spotted on CROUSD chart. We might see the price continue to drop to the support level at $0.06 level, coincide with the 0.236 fibonacci level before the next correction wave.

stiucsib86 Updated 

BTCUSD is now hitting the top in a rising channel, also the lower and lower RSI is forming bearish divergence.

stiucsib86

40% of chance we will be seeing BTC rally to 7800 resistance. 60% of chance we will see BTC retrace to 6000 support, which is the bottom of the wedge.