MFFD

MFFD

The first CME gap that wasn't filled yet, now has been filled. We probably see a pause now in Bitcoins recent climb, before we rise further to around 40K (.618 retrace) After that I expect a rather big drop... but not below 20K anymore.

MFFD

Bitcoin is at KEY resistance and has been rejected today. If this resistance holds, I'm expecting a move down to around 23K (ABC pattern) Ultimate support is around 20K (which is the .618 retrace of the 15,5K to 32K move)

MFFD

On the monthly level Bitcoin just dived under the 13 EMA again. And stays 'caught' between the 22 and 55 MA ... ever tightening, beautiful. I'm looking this Elliot Wave ABC pattern , which I drew some weeks ago ... and until now it's playing out quite nicely. Target is around 23 K ... to trap all the Bears ;) Once we close above the 55 MA on the monthly it's...

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The squeeze between the monthly 22 and 55 MA is still ongoing. As long as we're in between these 2 MA's nothing much will happen. I expect a decision (up OR down) next month ...

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This is the monthly chart. Bitcoin is 'trapped' between the 22 and the 55MA. Very soon we will know what the main direction for the next few months will be...

MFFD

The monthly 22 and 55 MA define the boundary for Bitcoin a the moment. To the downside there is solid support at the 55 MA and lower around 19K monthly support. When the 13 EMA (orange line) crosses the 22MA the real Bullrun may start. But that might take a while ...

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We just dropped to the Weekly main support. If this doesn't hold the Monthly major support is the next stop. But I don't think we'll get there...

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This (blue arrow line) looks to be a nice scenario for the coming days/weeks. The 2021 open level and the .382 retracement are support for the moment. When we drop below these supports ... the .618 retracement is a very nice next support for a bounce. IT also coincides with an important daily top AND with the daily 200 MA. It will get all the shorters excited...

MFFD

The 2021 open level has been life-line support for the last week or so, that's still bullish. But as we are hovering below the 13 EMA and the 55 MA on the daily ... that's bearish. To turn trulybullish we need to cross both EMA and MA levels to the upside. That needs to happen fast, otherwise the 13 EMA will cross the 55 MA and that's VERY BEARISH ! Your thoughts?

MFFD

After the weekly bearish divergence was confirmed, Bitcoin started to move down again. And now just tapped the bottom of a very nice parallel channel. Bitcoin is squeezed between the Daily 13 EMA and 55 MA. Soon a decision will be made ... and a significant move (up or down) is to be expected. Once we clear 32K with a weekly candle close, Bitcoin is ready to...

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We crossed the monthly 13 EMA to the upside, that's good. But as long as we're inside the monthly Gaussian channel, the real bullrun doesn't start. Patience my dear ;)

MFFD

Now that we just crossed the .382 fib of top to bottom of the move from the year 2021 to 2023, Bitcoin has arrived at a very crucial point. We are hovering just below 32K which is THE MAIN RESISTANCE of the whole trajectory between 20K and 69K. AND we have formed a BEARISH divergence between the 2 current weekly tops and the corresponding RSI tops. When...

MFFD

The week hasn't ended yet, but it seems quite clear that we broke a 5 year old trend line to the down side. This may very well implicate that we will NOT get a major crash (this year) and the SPY will rise further. The other scenario is that this is a MAJOR TRAP. But then the VIX will have to reverse within the next 1 to 2 weeks.

MFFD

On the 4 hour chart the most important MA's are converging. When we break out of this pattern, it will probably be a MAJOR move. Up or Down?

MFFD

Looking at the history of Bitcoin on the Monthly, every major Bear Market had a very strong line of resistance (RED LINE). Every time we cleared this RED LINE on the Monthly level (and crossed the 13 EMA) the real Bull Market started. We still have to clear this major RED resistance line in the current Bear Market...

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Here are the main remaining Gaps in the BTC futures chart. The one around 18K has been filled. There still is a (small) gap around 9.8K ...

MFFD

Here's my plan for ADA. I expect further downside, until we reach the HTF (High Time Frame) .618 FIB retracement level. This coincides with extremely strong Monthl support (the green bar). From there ADA is very likely to have bottomed and go up again. Once the monthly closes ABOVE the 13 EMA the next BULLRUN really starts.

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In 2018/2019 BTC fell 48% to 3.2K after it broke the 6K support (see orange line). Now, after a very similar sideways trading pattern during this bear market, we broke support at 19K. We expect bitcoin to fall around 48% (similar as in 2019) to 9.5K ... coinciding with a .618 retracement level from HTF low (3K) to HTF high (69K) RSI FALLING WEDGE In the mean...