relievedHawk1

relievedHawk1 Updated 

24.01.2022, 10PM UTC --- Good evening, a very quick and simple (short-term) update on the BTC price action explaining why, despite the fast rebound to 37k, a breakdown to ~30k is still more likely than 40k right now. Today, we will simply have a look at the BTC price action and RSI on the 1D time frame. As you can see, since ATH, BTC has been trading in that...

relievedHawk1 Updated 

17.01.2022, 12PM UTC --- Hello traders, just a quick update on BTC to warn you that several indicators reveal that the price is likely to go down to 40.5k, as soon as tomorrow possibly. I'm not saying I'm short on the mid/long-term, it is rather a short-term analysis. The chart's scale is 1D, feel free to zoom in to better see what's going on with the BBs. As you...

relievedHawk1 Updated 

13.01.2022, 3PM UTC --- As BTC quickly bounces off the crucial 40k support up to 44k, it is now eyeing at 46k if upward pressure continues, or 41k if the momentum turns out too weak. BTC has recently sprung back up into the light blue descending channel, in which we previously got rejected at 52k. This tells us that demand is still present and strong at the...

relievedHawk1 Updated 

05.01.2022, 11PM UTC --- When markets are near ATH while the global sentiment is leaning towards fear, it's clearly the worst time to go long. That's why you shouldn't trust the publications in the "most popular" tab, as they are just trying to sell you hope while blindly trusting their own TA and completely ignoring the global context (and their TA has been...

relievedHawk1 Updated 

04.01.2022 1PM UTC - Trade carefully this week! Using the Phoenix Ascending indicator, I spotted that we might be about to start downward expansion very soon as the blue least square MA is about to cross below 50, with the faster green MA and the red RSI already below 50, close to 30. To the right of the orange vertical line, I drew what could possibly unfold if...

relievedHawk1

17.12.2021, 4PM UTC. The blue line on the chart is the 50 weekly MA, which is known to be a crucial support during bull runs: if the current weekly candle, which is ending in 2 days (on 19.12), cannot close above the current price level of the 50W MA, chances are that the current bull run will be over. Currently, BTC is on full auto-pilot mode with the NASDAQ/Dow...

relievedHawk1

The two previous waves BTC did since August '21 (on the right in the picture) are incredibly similar to what BTC did during the 2017 bull run (on the left in the picture) just before embarking on the last trip to the moon. Do you think technicals are converging to announce the final bull run? or are we entering a bear market, as the price has already dropped below...

relievedHawk1 Updated 

Will the right shoulder manage to form, or would that be a bull trap? Should we fasten our seatbelts for the final bull run? We shall know in 2 days maximum...

relievedHawk1

With the NFT collection having recently flipped Degenerate Apes as the biggest NFT collection on Solanart, the hype building around the project could certainly also send the price of $AURY up in the stratosphere, with that ascending triangle forming. But how far up?

relievedHawk1 Updated 

November 4th, '21. 7:30PM UTC+1 Good evening traders! Is COPE in for yet another breakout? I thought I'd share those surprising similarities I found between the current price action and how COPE behaved in early August this year (to the left on the chart). Recently COPEUSD has been following the (rough) red trend line in a very similar fashion to early August,...

relievedHawk1

BTCUSD is currently breaking down quite brutally; while some may call a crash, it's obviously not. Looking at the chart above, we can identify a nice price consolidation around 60-62k that happened over the last few days, after which some institutions purposely broke down the price action to go trigger the many stop-losses placed right below the consolidation...

relievedHawk1

Oct 1st -- Today's breakout was caused by the trigger of a huge amount of limit-buy orders placed around the 45K mark, revealing that many traders were expecting an uptrend if BTC managed to cross the 45K resistance - that has now become a solid support, as shown by the Ichimoku cloud. A similar move of BTC happened towards the end of July, where the MACD line...

relievedHawk1

1D chart, Ichimoku 9 26 52. BTC could try to retest the resistance around 44-45k, and if it succeeds to break above then the Ichimoku lagging span would cross the past price candles upwards, which could most likely allow BTC to quickly go up and try the 52-53k major resistance again. The thick green cloud that we're currently trading in is likely to provide the...