BigLava

BigLava

We can see we broke the upper wedge(dotted) and now testing it as support. We are still in the rising wedge which usually results in a drop. Volume and Volatility are low. Hence which may cause a drop in price. Main area of interests looks like the 9000-9200 are as a reload area. Waiting for resistance testing would be best area to open short. We can see the...

BigLava Updated 

We can see that 9300-9350 is a juicy area. A good reload zone. 9550-9600 is a sell off zone. We can see rejection already in the upper area towards midline channel. If we can break mid line channel we can possibility see 9350 area again for another reload. Closure above 9630 will invalidate this TA. Use stop loss. Not financial advice. Please like and...

BigLava

We can see we broke channel and saw massive interest by whales in buying. We easily crossed back up due to whale interest in reloading. Which obviously invalidated TA. Right now where forming an increasing wedge and the 9300-9375 area looks like a possible reload zone. Volume is still low so a possible increase is possible. I’ll be scalping here and...

BigLava

As we can see here TA is not really in our favor due to whale manipulation. We broken channel (main support) on daily. And we can see huge whale trends following each other and buying. Just seen a bybit small whale sold but other did not follow. Still looks like interest for big players and the 9300-9375 area is a good reload zone. Long on support, short at...

BigLava

I been bearish for about a week now maybe 2 and now we’re getting a clear confirmation. Daily candle is about to close below support. Domino effect accorded causing whales to sell, while many longs have been liquidated on bitmex. I only except use to hit the lower 8000 by tomorrow morning.

BigLava

Pretty simple self explanatory analysis here. Were getting close to closure on the wedge. Still am on the bearish side but will not be entering any trades until confirmation. RSI and volume have been neutral for 2 days now and volatility is low. Will sit back and watch for a good entry point. If we can get closure above 9315 - 9320 are i will open small...

BigLava

Looking at BTC , many people have been speculating a drop in price. Daily candle closed below 9600 4hr and 1hr chart shows we broke major support trend line . All TA shows that we are moving downwards. The only problem is right now is that we have not seen any volatility in the market, except the FOMO effect when 'satoshi' apparently moved some coins around we...

BigLava

Right now we are currently in the upper half of the rising channel . Now about 4 times we have seen constant rejection at the 10k resistance area . Which is a key target we have been trying to cross to get bullish momentum. Where the circle i have marked shows the cross over, which looks very soon. Now after 4 times of rejection what will happen the 5th time? I...

BigLava Updated 

SHORT TERM SCALP TRADES We closed our last scalp trade at about 11% profit (stop hit). Currently the descending channel is broken. Now new support most likely will be tested a few times, but can it hold? and will it go back to the descending channel. Currently im not sure nor will i gamble on it. Whales have purchased again driving price up, hence why i have...

BigLava

There is one major reason why i believe there will be a drop in BTCUSD DOW and S&P both bouncing of resistance on daily time frame. We can see that the stock market has an impact on crypto. When the stock market crashed we saw BTC tumble to very low levels in the 3500 area. After the stock market crash many people have bought so many shares of thousands of...

BigLava Updated 

Here is what were looking for. We have broke the local support trend line. We are currently trading in the downward channel (red trend lines). We can see simple rejection from resistance and support. But obviously which ever one is broken first we can actively trade upon that. I talked about the Bitmex Domino whale effect. If we break below the white support....

BigLava

Here is a simple pattern i am following. We are still on a descending channel. Since the margin is pretty while we can see price is steady on the upper half of the channel. I have been shorting at resistance and longing at midline support. (basic) I will increase contract size once i see 30min or 1hr candle close below the midline support line. This would give...

BigLava Updated 

We can see here that the major support was broken. Retesting the new resistance (old support) is natural. There has been a domino effect of whales from 8:15 PM to 9:15 PM EST placing longs on bitmex. I am waiting to see the domino effect in reversal. When one sell most will sell also. Trade safe, use stop loss. Not financial advice.

BigLava

Closed out shorts profited good. Looking at trend line support starting from 4 days ago, support looks strong. If we can close above 9550 - 9570 should see high 98-9900 area again. If we can break the red resistance we should see the 10,100 - 10,250 area Not financial advice. Trade safe!

BigLava

We broke the resistance and tested the next resistance. As i predicted on my last post. Now we have broken the trend line. (arrow shows were i have entered my short). Looks like we are trying to retest the new support at 9650 area. Should ultimately fail and we can see the 9200 - 9300 area. Trade safe guys (not financial advice)

BigLava

Most likely will see a retest of the 9500 support area before we retest above to the 9850 - 9900 area. If 20 EMA is crossed our teal trend line will become next support. Not financial advice.

BigLava

in 5 days we have seen a failed attempt to surpass the 9160 area. After 3 attempts we are trying to re-enter again. Yesterday we can see that BTCUSD faked out. candle closed above the yellow resistance line, and it was invalidated and came right back down below it. I beleive that the current major resistance (light green) is being over tested. Ultimatly we...

BigLava Updated 

I am posting my first analysis public to trading view today. I believe we will see BTCUSD pump into the 7300 - 7400 area. Looking back at the chart we did see a break in the support on the 28th of march. I believe the same scenario will play out sort of. If a candle closes at 7073, i will put a long order at 10x leverage on ByBit. Enter: 7073 TP: 7375 SL:...