Merlin_020

Merlin_020

Bitcoin fear and price capitulation is in full swing. Momentum is strong and markets are filled with uncertainty. This price volatility is unmatched in recent history. The price losses are similar to March 2020. This Green and Red Lines are market support or Resistance. Green lines are price resistance that BTC has passed thru and Red are BTC price...

Merlin_020

Using VPFR tool for the period between 12/26/202 to 6/15/2021. I have indicated price support/resistance and given the most recent price capitulation to $34400 BTC is likely to revisit lower price in the near term. Price support for BTC is breaking down, near term decline in price is likely. Could revisit $34K, $32K, and $26K.

Merlin_020

$47799 and $54900 are the nest area of resistance for BTC.

Merlin_020

BTC could see an increase to $40K but soon after there is resistance all around. The lighter blue triangle which is the largest is the proposed triangle that could show as a pattern in the near future for BTC. Resistance would be trending up, and the Higher Highs and Higher Lows would be the tumultuous environment Traders will have to grapple with this Q1 in 2022....

Merlin_020

Resistance for BTC in the intraday on Jan 31 is at $39344 to $40312. If this area changes to support once BTC pumps again, then the next resistance to expect is $57K, possible to see a wavy up and down pacing upwards after passing $40K.

Merlin_020

Pump is coming in Hot for BTC, we have seen this all before.

Merlin_020

A quick note for self and anyone interested, MATIC USDT is in WAVE 2 of a 5 WAVE trend.

Merlin_020

The past two to three days BTC's market has been undecided on the direction they wish to move BTC. Upon the most recent press release from the Fed, it would seem the markets trajectory is changing or reversing to a bullish stance. It was more clear this reversal is imminent in the near term for BTC. MACD in the 2 Hour confirms there will be a break out in BTC in...

Merlin_020

Numeraire NMR-USDT doing some interesting up-tick today. +75% from intraday low. I have in this chart two graphs one to the left shows a rewind to 1/25/2022, chart on the right is in real time. 1/25 it would seems NMR would have more price decline in the near term??? But what resulted was a short squeeze. This shows that there is clear direction the market want...

Merlin_020

BTC is maintaining support above $33K. I can see BTC continuing a recovery to $47K in the next 3 weeks

Merlin_020

There is a clear price divergence in the recent period for BTC-US Terra stable coin. Volume appears to be buying BTC with UST and it is maintaining volume over time. This divergence indicates a likely BULLISH Reversal in BTC for the near term, possible to see recovery as soon as February

Merlin_020

As we continue to September 2020, BTC has seen a decline in price that has grazed 9990 USD. Considering the historical BTC events had post Halving this correction was due and bettter yet this correction came early in the time frame seen before. The next resistance beyond is 15000, and considering the adoption of many institutional and public interest in to BTC it...

Merlin_020

BITSTAMP:BTCUSD Mainstream adoption of BTC will be similar to the early adoption of automobiles in the turn of the 20th Century. Ability to participate in world economies thru a crypto wallet will be made increasingly available thru financial institution adoption of block chain and possibly BTC. In such the same way as early in automobile history the...