gmasro

gmasro

Hello everyone! BTC shows respect to that support line at the 7250 level, which I draw as the bear flag target. But nothing like a strong bounce occured so far. Let's wait for a breakout, which at this point could happen up or down. Scenario 1: BTC bounces from that level, makes a short rally and comes back to retest this level. This will make this support even...

gmasro

Hello everyone! As I mentioned in my last Post, BTC would break from that bear flag and test the lower support of the channel. Target reached so far. No Magic needed to see, that we are in a big bear market. Also that with high probability we will retest the lows from April. The first and very important sign that this market is gonna turn down again, was, that...

gmasro Updated 

Hello everyone! As I said in my last Post, if BTC follows the Cycle, we might see a drop to retest the trend line around 8200, which it did. As a second Indication I mentioned the strong bearish divergence. This Cycle ends on the 05.17. Let's see if the support can hold the following days. BTC struggled already on the way up between the 8k-10k. Selling...

gmasro

Hi everyone! It's been a while since I posted here. In the meantime the Cycle Pattern has filled. As you can see, there's a lot of similarity in Past Cycles with the current ones, which I have marked. In the past Days, the market developed a bearish Divergence on the Daily, meaning that the Market became weak. I expect further drops in Bitcoin. Wouldn't be...

gmasro

Hello Everyone! Welcome to this update on BTC. As I told you; an important first step for BTC to turn bullish on the longer term, is a weekly close above that blue trend line. That's what happened. But we have two bearish signals that Occurred. On the Daily, BTC got rejected by the 50 EMA, RSI and Stochastik also give us overbought signals. Therefore I'm...

gmasro

Hello everyone! Another interesting thing in TA are Cycles. Cycles are everywhere and have always existed. Cycle can chance over time, but they tend to be consistent. What I noticed is a new Cycle in BTC since we entered the bear market. A Cycle that repeats itself every 19 Days. In case this Cycle will develop like the previous ones - what I highly expect,- we...

gmasro

Hello everyone! Let's talk about something that nobody has mentioned before. Events like yesterdays rally, made everyone being surprised, to the point that no one had an explanation for it. And why why came this rally so unexpected? Because, everyone was waiting for another drop, expecting it to happen for 3 Weeks now. Did it happen? No. No one paid attention...

gmasro

Hello everyone! Since yesterday, things have definitely changed. We see a strong gain all over the Cryptospace. BTC continues it's movement to the upside with strong momentum. An important indication to watch, is, a close above that weekly resistance line in blue, which will then, hopefully act as a strong support. This would be a significant move for BTC towards...

gmasro

If BTC can stay above this strong support line, we have a chance for longer term bullish