KurtisDunphy

KurtisDunphy

International expansion. Banking facilities to come. Rewards of 5x greater value than CDC. Referral system recently launched. Limited supply with an anticipated supply shock. The exponential increase in sign-up volume. Metal cards, layer-2 & NFT support are in the works. ___ I'm probably missing something.... but need I to say more. ___ Plutus has been...

KurtisDunphy

Almost entirely dependent on the direction BTC takes over the next few days and weeks. The recent network hack must also be considered. Only time will tell.

KurtisDunphy

The final level of support for Bitcoin to complete its 2nd false macro H&S in the past 12 months. I anticipate a higher low to form in the days and weeks to follow should this trade play out correctly. A break below $39,600 would signal a restest of $37.3k.

KurtisDunphy

Possible inverse head & shoulders about to play out, look for a break of the neckline for confirmation. TP: 51.5K - 53K SL: 43.8K

KurtisDunphy

BTC has broken through our first level of resistance - the micro falling wedge that we identified as a bullish formation. BTC is now flirting with our next level of resistance that has been respected since the 10th of Novemeber (illustrated by the blue line). A break of 50k will signal a potential end of the recent downwards price movement, a possible outcome...

KurtisDunphy

It's certainly going to be an intersting christmas in the world of crypto, with bitcoin approaching the end of the falling wedge that it currently finds itself in. Falling wedges are usually a bullish formation, however, with increasing fear throughout the global financial markets, we can safley assume that a black swan event could be just round the croner,...

KurtisDunphy

Rinse & repeat. Sentiment & fundamentals are extremely bullish. Widespread option for retail through Crypto.com and intituions through Greyscale. The number of crrypto holders is growing exponentially, and will very likely be reflected soon when the bullish momentum returns. We are currently sat in a perfect accumlation zone (51-56k). Concerns: potential FUD to...

KurtisDunphy

Inverse Head & Shoulders, possibly pointing towards a reversal in the recent down trend. What are your thoughts?

KurtisDunphy

Great risk reward ratio if you can average in a good position close to the support line. Nice and simple, look for a confirmation break. Take profit: $63900 Stop Loss: $57500

KurtisDunphy

With BTC now toying with its previous ATH, we can safely assume it is prepped for a significant move. I am cautiously optimistic, favouring the upside where we may enter the frenzied bull market period, similar to what we had seen in 2018. Once we re-enter the price discovery zone, coupled with media attention and further announcements of institutional adoption,...

KurtisDunphy

BTC has had a nice run up after support was found in the $40k region, with us posting a nice % gain from my previous analysis. Fundamentally, crypto remains extremely bullish. However, as we look to close this trading week I have reduced my positions significantly with anticipated turbulance in the coming days. With so many traders currently holding profitable...

KurtisDunphy

After reaching the target of 52K in my previous analysis (see links below), I had exited my trades before we entered the next phase of the wykoff schematic. As you can see, we are forming the perfect fractal to what we had seen in May. At present, BTC finds itself in a near perfect accumilcation zone, in my opnion. As we are only human, finding the exact ...

KurtisDunphy

Bitcoin bounced perfectly off of the 46K accumilation zone covered in my previous ananlysis. We now find two rounding formations with a signficantly large bearish divergance occuring on the higher time frames. My plan is to keep an eye on the trend lines covered in this analysis, with the hope of a bullish breakout of the bullflag BTC is currently contained...

KurtisDunphy Updated 

BTC currently finds itself in a rising wedge, whilst simultaneously forming a round top, similar to what we saw in February but on a smaller scale. We also appear to be entering great accumilation zone once more, however, as we continue to travel higher into the rising wedge, I grow increasingly cautious due to the bearish nature of this formation. Of course,...

KurtisDunphy

We are approaching a breakout of the wedge formation BTC finds itself in. I will be taking profit or reaccumilating depending on the direction the market decides to take. TP1: 49.9K TP2: 50.9K Accumilation 1: <47.5K Accumilation 2: <46.5K SL: 45.5K

KurtisDunphy

Bitcoin appears to be bottoming out. Good entry point for a long position, with low risk/rewards ratio. Stop Losses at 43.7k

KurtisDunphy

Bitcoin continues to trade perfectly in a rising wedge pattern. We have now entered the 2nd accumliation dip. No reason for concern unless we break 43.7k, at which point, I will reduce my position and look to renter once stability is found.

KurtisDunphy

This is my personal plan. Should we continue to trade within this wedge formation, I will be taking profits in the areas marked in red, and reaccumilating in the areas marked as green. A bullish break to the upside of the wedge will render this analysis void. :)