CryptoBullet

CryptoBullet

Guys, please, support this idea by clicking the LIKE button. Thank you! Bitcoin is printing a pretty decent Ascending Triangle with a proper volume signature. 10k level has been tested more than 4 times in May. As we know, the more times a certain level is tested, the more likely it is going to break. Next time we approach 10k (the top of the triangle) , we...

CryptoBullet Updated 

Guys, please, support this idea by clicking the LIKE button. Thank you! Bitcoin is struggling at the resistance line coming from late June 2019. This one is very critical and if we see BTC break it, this will put upper 9ks on the table and potentially even a CME Gap above 11.7k This steep upward channel is almost 2 month old, the top of the channel finally...

CryptoBullet

Guys, please, support this idea by clicking the LIKE button. Thank you! It’s been a complete mess with these Death & Golden Crosses during this 2-week consolidation. Within such a short period of time (2 weeks) we got 2 Golden Crosses, 1 Death Cross, 1 averted Golden Cross & 1 averted Death Cross. This shows how volatile and at the same time indecisive the...

CryptoBullet

Guys, please, support this idea by clicking the LIKE button. Thank you! We’ve been moving within this channel for quite a while. Now there is a bunch of support below. Moreover the Golden Cross between EMA50 & EMA200 is almost inevitable, however a dipper pullback into the cross itself is not ruled out. The odds are on the side of the bulls and since we are...

CryptoBullet

Guys, please, support this idea by clicking the LIKE button. Thank you! In previous BTC idea "BTC: The Low Must Be In! Otherwise it’s a failure" I pointed out that we were sitting on a Very Critical Support - the lowest one of the BTC logarithmic curves. There were good chances to bounce off of the multi year support once again, but we didn’t and it turned...

CryptoBullet Updated 

Guys, please, support this idea by clicking the LIKE button. Thank you! Here is a great tool for illustrating macro BTC moves - Bitcoin Log Growth Curves. This tool did amazing job in pointing out the tops and bottoms. Now we see that the price reached the bottom line of this Logarithmic channel, which is sitting at 7.6k, and, historically speaking, this must...

CryptoBullet

The increased value of Bitcoin has been greatly benefited by increased value of the S&P500 . When the S&P goes up, companies do well, people have good jobs and make money. So it makes easier for those people to invest in something speculative like Bitcoin. If there is an economic disaster and people are losing their jobs, you'll probably see people selling their...

CryptoBullet

Guys, please, support this idea by clicking the LIKE button. Thank you! Bitcoin took a nosedive and currently we are sitting on the Major Support - Strong Horizontal level + 0.5 Fib + High Volume Node on VPVR + EMA200 on 4h BTC 4h chart We’ve hit the EMA200 for the first time since the parabolic move started in late January and this first test was bought up...

CryptoBullet Updated 

Alts are pumping these days. What is going on? Well, if you’ve been following my TradingView page, it’s pretty clear to you what is going on. Back in November I published an Idea called «When the Altseason?» and pointed out some cycle nature of altseason which historically have had a lot to do with ETH moves. I was waiting for the Altseason to start somewhere...

CryptoBullet

Guys, please, click the LIKE button. I would appreciate it. Seems like nobody is paying attention to ADA (Cardano), but there is something interesting. Cardano had a pretty decent period of consolidation in between 0.00000400 & 0.00000500. That's enough to establish the bottom, reverse the downtrend and take off. What’s more interesting is that this...

CryptoBullet

The price has been moving in an upward channel since the beginning of 2020. Look at how the mid line of this upward channel has been rejecting the price. This is the main resistance as of right now. Until we break it, I could easily see us visiting the bottom of the channel (at least) , which is in line with EMA50. Meanwhile BitMEX Funding rate stays at...

CryptoBullet

We are at Major level of Horizontal Resistance. This horizontal is remarkable, because this one acted as a support of the Descending Triangle ( that eventually broke down late September ) and stopped that unprecedented 43% pump within 2 days in late October. Some bullish factors: Key Resistance was tested multiple times + CMF looks just incredible + we...

CryptoBullet

Critical Support at 8.2k managed to strongly bounce the price and now we are going to challenge the prior swing high. The 200-Day MA keeps declining and this time it is at around 8.9k, which is in line with the recent highs . Reasons to get rejected by the 200-Day MA again is that it is a very tough resistance, which is in line with the ultimate target of...

CryptoBullet Updated 

Guys, before you read this idea, please, click the LIKE button. I would appreciate it. The bulls managed to drive the price up to 8k and slightly above it on a wick. Right now many traders do not know what this action means, so let’s find out what’s going on here. First of all, you should understand that the resistance we mentioned in our previous idea ...

CryptoBullet

On the daily chart Ichimoku Cloud continues to act as a perfect resistance/support. We saw a perfect demonstration of it in October-November of 2019. Now look at recent action: we tested it a couple of times while we were consolidating around 7k and today we got a perfect rejection right at the Ichimoku Cloud resistance. Moreover, we got a pretty nasty...

CryptoBullet Updated 

BTC Daily Chart The price of Bitcoin has been moving inside this Downward Channel for more than 6 months and it looks like many things are converging this time around and pointing to that 7.8k area . By the way, notice how the Fib levels were respected. Just incredible. 7.8k-8k is a strong horizontal level, which lasts from November 2017 ( ! ), the...

CryptoBullet

On the monthly scale we see 6 months of overall downtrend . We did close the December monthly candle above EMA21 with long wick below it, which is bullish. As well as long wicks at the top indicate bearishness, long wicks at the bottom are bullish, but what we need to see is confirmation - a new swing low or high. In our case right now, we need to see a new...

CryptoBullet

XRP/BTC chart looks quite interesting XRP has been falling since early January of 2018 and now we see that in the result of this 2-year price action a HUGE Falling Wedge was formed and we are already in the apex of it. Generally, this is a bullish pattern and in case of a breakout, the aggressive target will be ~2x, however, if you are an XRP bull, you would...