BTC Flash crash really took everyone by surprise here. We are now approaching a strong support zone and daily 200MA, I would like to see a bounce here. Although we wicked down as far as 42k, buyers quickly pushed the price back above this support closing the daily candle yesterday at 49K. There is potential for us to find a new support trendline just below the...
BTC 1 hr hit our buy zone and confirmed our lower support trend line, with a perfect bounce. It is important that we hold this daily lower trendline now to continue this uptrend and bullish momentum. I am calling for a potential Bear Trap to happen where we break out of the lower Support trendline for a couple of hours to make people panic before we move to the upside.
Alpha/USDT Symmetrical triangle breakout pattern. Buy the breakout of the upper trendline or a support retest. Mainnet Launch DEC 8th, potential catalyst for some strong upside.
BTC daily looking for some kind of bounce around 52k so we can touch and confirm the lower support trendline. If we do, there is potential to print some kind of bullish divergence on the MACD Histogram/lines, RSI and Stochastic RSI. Some more Volume is key here to see some kind of reversal/bounce out of BTC.
BTC 4H showing further weakness and potential for more downside to come, we need to hold this yellow trendline support and have a strong bounce to avoid this. Hitting some support now, will see if we bounce/ hold. I mentioned earlier about the weakness in the breakout (low volume, failed to break key level/MA's, indicators showed weakness) It's all in the...
BTC Daily broke the upper resistance trendline, Weak Vol. Currently I am still looking for a bounce around 50-52K. Why? We rejected the 21MA and failed to break and hold 58K. I think we will come and retest lower yellow line to confirm the lower trendline and give us cause to continue up. Unless we put in a higher Low on the daily and get some bullish volume...
Total Crypto Market Cap had a nice bounce at KEY support and is currently moving higher, we are at strong overhead resistance currently, we need a break and retest above 2.65T for the market to continue it's bullish momentum. BTC is reliant on this breaking resistance for a larger move up. If we reject here and retest key support BTC could see some further...
4H chart showing us PA (Price Action) moving, we are looking for confirmation of a breakout (4h candle close and open above resistance) then we can look for a daily close above resistance, which will be our first bullish signal here. Potential for us to retest 60k short term.
If we take a look at BTC, at first it looks like we might be recovering for the next move higher, and we might be, but if we look closely at the overhead resistance with low (and weakening) volume, this doesn't give us enough green signals to be bullish just yet. We need to break 58k and hold this level or we may head lower still. I won't be looking to enter any...
Total Crypto Market Cap, Bull flag played out (bull trap) and we rejected overhead resistance. Now holding 2.35T support/also Cup N Handle neckline Holding as support too. These charts have saved me from losing a lot of money the last 2 weeks. This is a healthy retracement, all you have to do is wait for a market to provide us with better trading setups and...
Updates idea on the bull pennant, this falling wedge is more accurate.
I previously mentioned if we break this key support zone we would likely see further downside for BTC. I am looking for a 49-51k BTC by next week, before continuation to the upside. We are looking for the point of max pain here, its very common to push you to the point you are convinced the bull market is over, you sell your positions, take the loss and then the...
BTC dominance Daily chart. Potentially printing bullish div on all indicators, if this plays out we could see a strong bounce in favor of BTC. There is potential for money move into BTC quickly and push this dominance higher. BTC could start to run. Major resistance to break is at 47% dominance.
4H we are stuck below 21 and 50MA and formed a bull pennant. Though it only has a success rate of 55% and we are currently in a bull market. If we break lower, it's a 49k measured move. Something to watch out for.
BTC is hanging on to support between 54.5k and 58k, if we break this key support level there is very little support until 51.5k. We've nearly hit our measured move of 54.5k near the bottom of this support zone. MACD showing weakening bearish Volume on the Histogram, and Stochastic RSI oversold, RSI looking bearish currently and Volume isn't following through....