ProR35

ProR35

Following a very important week in the macro economic landscape, a round of rate cuts that signals a pivot in how governments are tackling their economies, bitcoin saw a surge from the start of the week right through until the end of the traditional trading week on Friday. Up +6.3%. Last week Bitcoin spot ETFs had a net inflow of US$1.11 billion, and Ethereum...

ProR35

Since the beginning of June ONDO has been in a downtrend that saw a -66% move to the downside. Now 111 days later price has broken out of the trend channel, showing a +15% move from the breakout. The daily candle is currently trying to close above the 1D 200EMA, a convincing close above the MA would be extremely bullish having now cleared the major resistances...

ProR35

Last weeks high: $64,141.61 Last weeks low: $57,492.86 Midpoint: $60,817.24 Pattern continuation for Bitcoin from the week that came before last, steady and constant move up +11.55% from week low to high. The FOMC was the big talking point of the week, would the FED cut 25bps or 50bps, the answer was 50bps with a view to stay ahead of the curve. Making the rate...

ProR35

The day has arrived!! Today is predicted to be the first rate cut by the FED since the COVID crash of March 2020! Two years after that in March 2022 the FED begun rate hikes in an attempt to stop the rising inflation. Now that inflation is close to the FEDs target of 2% it's time to stimulate the economy with cheaper borrowing. The big question is, 25bps or...

ProR35

Potential bull flag setup on DIONE/USDT 1H TF. A very exciting L1 project using 100% renewable energy. IMO it's one to watch going into 2025, being environmentally friendly fixes the ethical argument that crypto is bad for the environment, this could be a massive pro for the project going forward when the L1 choice will narrow down as the winners rise to the top...

ProR35

SUI has been one of the better performing L1's and altcoins in general in the last 6 months that BTC has been chopping/ranging. There are a few key points on the SUI chart that catch my eye: - 1D 200EMA is now flipped bullish with a strong reaction after flipping the level, this shows buyers are confident in the project and happier to buy at higher levels,...

ProR35

Last weeks high: $60,638.89 Last weeks low: $54,371.86 Midpoint: 57,505.38 Bitcoins price action mirrored that of the week that proceeded it, with a steady climb from the start of the week, peaking on Friday close, witha weekend sell off to end the week. Looking at the chart the Midpoint needs to hold if there is a chance of continuing the rally beyond $60,000....

ProR35

NYSE:FET is one of the leading AI projects in the crypto space, earlier this year it saw a meteoric rise in price up to $3.5. Since then price has dropped around 80% to a local low of $0.70, now recently price has grown and broken the daily downtrend rising to a local high of $1.44 +105% from the lows creating a dilemma for traders... From previous price action...

ProR35

Last weeks high: $59,829.20 Last weeks low: $52,551.34 Midpoint: $56,190.27 More sell-off last week in the crypto markets, very tough market conditions continue, hitting the $52,000 bullish OB+ again, the first time being exactly one month before. This area had held as support previously but it needs to hold this time around too, failing that $50,000 is the...

ProR35

- ENTRY: HTF Support + 0.62 Fib @ $130.04 - EXIT/TP1: FVG + RANGE MIDPOINT + 0.705 Fib @ $150 TP2 Even Highs @ $162.46 - SL: Just under the 0.79 Fib @ $119.83 SL --> BE @ $141.39 S/R level

ProR35

Last weeks high: $64,481.00 Last weeks low: $57,205.43 Midpoint: $60,843.22 As September begins BTC finds itself at the $58,000 mark after selling off for the entire week last week. A historically bad Month for the crypto market is being paired with the first FED rate cut since March 2022. Conflicting elements with one bearish and one potentially bullish, it...

ProR35

Last weeks high: $64,969.66 Last weeks low: $57,798.14 Midpoint: $61,383.90 Another week has passed in the crypto world and another week of Bitcoin recovery. Now hovering around $64,000 zone after a battle around the range Midpoint which was also the 4H 200EMA, BTC has flipped bullish on all major MA's and is looking to target the '21 ATH which has historically...

ProR35

Last weeks high: $61,782.68 Last weeks low: $56,107.68 Midpoint: 58,945.18 Apologies for the late WEEKLY OUTLOOK, let's go over last weeks PA. A much tighter spread between weekly high and low last week compared to the week before. As BTC continues its recovery from the JPY carry trade dump we are back @ 4H 200EMA for the 5th time since losing support during...

ProR35

It's no secret, Ethereum has been struggling this Bullrun. Outperformed by Solana and other new emerging L1's, a permabearish ETH/BTC chart and losing market share in terms of volume on chain to its competitors. The daily chart is a difficult one to digest as a fan of ETH, despite the ETF approval and the institutional investment that has come with it, the...

ProR35

Last weeks high: $62,761.55 Last weeks low: 49,017.27 Midpoint: $55,889.41 Quite the week in crypto just gone. From our first sub $50,000 BTC since mid February thanks to the JPY rate hike , a single day decline of -16% on Monday to then a strong recovery of +28%, a lot of volatility. The two peaks for the week coincide with the 4H 200EMA resistance level ,...

ProR35 Updated 

Last weeks high: $70,078.54 Last weeks low: $57,217.14 Midpoint: $63,647.84 Have we just witnessed capitulation after a week long slide in BITCOIN and crypto as a wholes price? -30% in 7 days, or is this part of a larger sell-off? Here are some of my thoughts: - '21 ATH REJECTION - As I have said in many of my previous posts the '21 ATH @ $69,000 is a level...

ProR35 Updated 

Bitcoin is in a tricky place right now. The fear and greed index has cooled off massively and now sits at a neutral score of 55. General sentiment is very poor and after nearly 2 months of sideways action traders/investors are getting restless especially after the promise of price rally post-halving, but is there any positive news? The chart is pretty clear, HTF...

ProR35 Updated 

There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000. For...