cryptofawkes

cryptofawkes

4.6 billion of tether in circulation, will we get a pullback to the lower 8k region or will we head higher before a decent retracement.. on standby at present waiting for the market to show m the sweet spot.

cryptofawkes Updated 

any thoughts would be kindly appreciated.

cryptofawkes

bitcoin retesting 25th Novemebr lows at 6640. - a potential for further downside if we can manage to get a 2 candle closes below on a 12hr -6hr TF - Next level of supp at around 6270-50 potential for a minor bounce at this level. -overall would like to see 5500 get hit which is fib level also

cryptofawkes

two measured moves inside a 4hr inverse head and shoulders pattern. potential target 7887

cryptofawkes

could we see 7883 as the potential reversal area for a short play.. long opportunity towards the 78.6 fib area a favorite fib level of BTC

cryptofawkes Updated 

quick intraday short to lower 6k region .

cryptofawkes

looking for break below 6300 on a 12 hr close to further continuation of bear momentum to lows of mid 5k level. time will tell. will update weekly

cryptofawkes

so a lower test of the 8400-8500 after a very slow decline from the upper weekly resistance of 9500. - if we can manage a close above the 8550 on a 4hr -12hr candle i would expect quite a sharp move out of the pattern to higher levels. 1st area on interest around the 55 ema at 8670. if we can fade the 55 ,200 then 377 id like to see the POC on the volume...

cryptofawkes

after last week intraday trade that didnt play out,weve now closed a 4hr below the 200 sma. which now confirms further bearish momentum to the downside. If bears can push below 8500 and close on a 4hr we could see 8k met over the weekend. this is ver significant level if we break below then we could be heading towards mid 7k. sold the 4hr 21 ema at resistence...

cryptofawkes

potential re-test of 8700 before move up to 9k

cryptofawkes

here we see the 200 daily ema propping up price at present time of writing. a little bullish divergence on most lower TF and the daily VPVR next volume node near area of demand around 9050.. if we break above the few standard deviations in front on lower TF, then if we can get above 9250 and close at least a 12hr or 4hr im switching my basis to bullish

cryptofawkes

btc here has closed what was support now resistance at 7750.. we await a four hour close now to potentially confirm continuation to lower 7k area .

cryptofawkes Updated 

intra-day short potentially to re tap 7900 level.

cryptofawkes

here we can see how bitcoins long term log T/L has played alongside price since 2015. can we rise and will this support hold or are we in store for some more bearish behavior going into the new year.. at present there a lot of weight on this area so it will be key top watch what happens over the next few months regarding a break below or continuation of the...

cryptofawkes

here we have a potential long entry on GJ back up to inside highs of 143.50 region. a break and re-test of this price should see further bulls accelerate to 144.00

cryptofawkes Updated 

so at present we are trading @ around the 141 handle of intraday support. After Thursday NY session hitting new weekly highs for the year into the 142.00 - 142.25 region. a pull back was needed which came at the 142.25 handle through into the Asian session into Fridays London and continued slowly her descent through the day to the desired area which we sit @ now....

cryptofawkes

so at present we are trading @ around the 141 handle of intraday support. After Thursday NY session hitting new weekly highs for the year into the 142.00 - 142.25 region. a pull back was needed which came at the 142.25 handle through into the Asian session into Fridays London and continued slowly her descent through the day to the desired area which we sit @ now....

cryptofawkes

so at present we are trading @ around the 141 handle of intraday support. After Thursday NY session hitting new weekly highs for the year into the 142.00 - 142.25 region. a pull back was needed which came at the 142.25 handle through into the Asian session into Fridays London and continued slowly her descent through the day to the desired area which we sit @ now....