(REDACTED XBT INTRA-DAY BREAKDOWN - WE HAVE REMOVED A SIGNIFICANT PORTION OF THIS ANALYSIS AS ITS ONLY AVAILABLE TO PRIORITY COSTUMERS)
XBT INTRA-DAY BREAKDOWN
What has occurred since our last intra-day breakdown for XBT (bitmex) ?
THESE WERE THE FOLLOWING DEDUCTIONS MADE FROM OUR INTRA-DAY BREAKDOWN POSTED ON NEW YEARS DAY :
‘’What can we deduce from all this ?
- We are still holding on to our short term bearish standpoint on an intra-day basis and feel that 3500$ and 3427$ must at least be achieved before any bullish activity to break 4240$ commences. Moreover, in updates given on our various channels, we have stated we are momentarily bearish on our HODL coins such as XRP to 0.31$ and ETH to 128$ support to meet EMA for support before any upward activity to break resistance commences.
- For safe traders, the original confirmation price for shorts at 3700$ has been met and is currently acting as temporary resistance >> this is a really good bearish sign.
- 3610$ is still acting as support and nothing is for certain unless this support is broken.
- Initially we had expected support to be anywhere between 3427-3610$ but now we are more adamant that there is still sufficient bearish activity to drive us to new lows at 347$-3500$ and we don’t believe 3610$ is yet the TRUE price floor for bullish activity to continue in any form.
- If 3427$ is broken to the downside, then we can expect to melt to previous price floor of 3300$ and if this level is broken through, then please expect downward activity to continue till 2950$ before any relief comes for XBT/BTC.
- BULLISH CONFIRMATION PRICE TO 4.4K,4.7K,5.2K (MAX) IS 4270$ AND IF YOU WISH YOU CAN PLACE LONG LIMIT ORDERS ABOVE THIS PRICE, JUST INCASE.
KEEP AN EYE OUT FOR REAL TIME CALLS NOW!’’
How has our most recent top down analysis of XBT held up ?
- I gave the short call in real time at 4050$ and stated our targets to 3427$ and 3500$ time and time again thereafter. I stated initially that conservative traders should wait for a break of 3700$ but as I gave the call in real time, I adjusted this to 3800$, as certainty of the trade increased.
- It was stated that for bearish bias to be abolished, we would need to see a break above 4240$.
- XBT thus far from the call given at 4050$, achieved our first target of 3610$ and as stated in more updates posted on our telegram channels, we saw the break of 3610$ support and the meltdown towards 3500$ conservative downward target. OUR FINAL TARGET OF 3427$ WAS NOT ACHIEVED ON THIS INSTANCE AND INSTEAD WE SAW LOWS FORM AT 3470$.
- I stated briefly that I expected XRP to make its way to 0.31$ and for ETH to make its way to 128$ from highs of 165$. The confirmation price for ETH was clearly given at 155$ for a short to the targets stated. Moreover, I also gave comprehensive top down analysis for each of these two alt-coins. Lastly, ETH targets were adjusted in our VIP channel once our first target was hit and I stated that I expected further decline to 122$ and 118$ respectively.
- ALL IN ALL, ANOTHER KILLER TRADE FROM THE BEST!
We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction.
********************************************
To conclude :
1. Expect a retracement to minimum of 3640$ and thereafter, we may find support at this level.
2. A break of 3600$ will indicate a break of higher low formation and a break to the downside to 3427$ and 3300$.
3. Support being found at 3640$ will be an indication for a retest of 3795$.
4. Price is constricted to 3870$ on the bullish side and wicks to 3920$ are possible.
5. I am momentarily bullish on XBT till these price levels but on the medium term, I am still bearish .
KEEP AN EYE OUT ON THE PRIORITY CHANNEL FOR A REAL TIME CALL!
ENJOY!
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
XBT INTRA-DAY BREAKDOWN
What has occurred since our last intra-day breakdown for XBT (bitmex) ?
THESE WERE THE FOLLOWING DEDUCTIONS MADE FROM OUR INTRA-DAY BREAKDOWN POSTED ON NEW YEARS DAY :
‘’What can we deduce from all this ?
- We are still holding on to our short term bearish standpoint on an intra-day basis and feel that 3500$ and 3427$ must at least be achieved before any bullish activity to break 4240$ commences. Moreover, in updates given on our various channels, we have stated we are momentarily bearish on our HODL coins such as XRP to 0.31$ and ETH to 128$ support to meet EMA for support before any upward activity to break resistance commences.
- For safe traders, the original confirmation price for shorts at 3700$ has been met and is currently acting as temporary resistance >> this is a really good bearish sign.
- 3610$ is still acting as support and nothing is for certain unless this support is broken.
- Initially we had expected support to be anywhere between 3427-3610$ but now we are more adamant that there is still sufficient bearish activity to drive us to new lows at 347$-3500$ and we don’t believe 3610$ is yet the TRUE price floor for bullish activity to continue in any form.
- If 3427$ is broken to the downside, then we can expect to melt to previous price floor of 3300$ and if this level is broken through, then please expect downward activity to continue till 2950$ before any relief comes for XBT/BTC.
- BULLISH CONFIRMATION PRICE TO 4.4K,4.7K,5.2K (MAX) IS 4270$ AND IF YOU WISH YOU CAN PLACE LONG LIMIT ORDERS ABOVE THIS PRICE, JUST INCASE.
KEEP AN EYE OUT FOR REAL TIME CALLS NOW!’’
How has our most recent top down analysis of XBT held up ?
- I gave the short call in real time at 4050$ and stated our targets to 3427$ and 3500$ time and time again thereafter. I stated initially that conservative traders should wait for a break of 3700$ but as I gave the call in real time, I adjusted this to 3800$, as certainty of the trade increased.
- It was stated that for bearish bias to be abolished, we would need to see a break above 4240$.
- XBT thus far from the call given at 4050$, achieved our first target of 3610$ and as stated in more updates posted on our telegram channels, we saw the break of 3610$ support and the meltdown towards 3500$ conservative downward target. OUR FINAL TARGET OF 3427$ WAS NOT ACHIEVED ON THIS INSTANCE AND INSTEAD WE SAW LOWS FORM AT 3470$.
- I stated briefly that I expected XRP to make its way to 0.31$ and for ETH to make its way to 128$ from highs of 165$. The confirmation price for ETH was clearly given at 155$ for a short to the targets stated. Moreover, I also gave comprehensive top down analysis for each of these two alt-coins. Lastly, ETH targets were adjusted in our VIP channel once our first target was hit and I stated that I expected further decline to 122$ and 118$ respectively.
- ALL IN ALL, ANOTHER KILLER TRADE FROM THE BEST!
We will do the top down style analysis that you should have become accustomed to by now to look at possible price direction.
********************************************
To conclude :
1. Expect a retracement to minimum of 3640$ and thereafter, we may find support at this level.
2. A break of 3600$ will indicate a break of higher low formation and a break to the downside to 3427$ and 3300$.
3. Support being found at 3640$ will be an indication for a retest of 3795$.
4. Price is constricted to 3870$ on the bullish side and wicks to 3920$ are possible.
5. I am momentarily bullish on XBT till these price levels but on the medium term, I am still bearish .
KEEP AN EYE OUT ON THE PRIORITY CHANNEL FOR A REAL TIME CALL!
ENJOY!
PLEASE SEE RELATED IDEAS DOWN BELOW ;) & don't forget to stay up to date with our calls by following our Instagram and telegram channels down below AND ON OUR TRADINGVIEW PAGE - CALL AFTER CALL CORRECT!
Trade closed: target reached:
XBT INTRA-DAY BREAKDOWN
What has occurred since our last intra-day breakdown for XBT (MEX) ?
Our previous analysis of XBT ON THE 19TH OF JANUARY ENDED WITH THE FOLLOWING CONCLUSIONS:
‘’To conclude :
1. Expect a retracement to minimum of 3640$ and thereafter, we may find support at this level.
2. A break of 3600$ will indicate a break of higher low formation and a break to the downside to 3427$ and 3300$.
3. Support being found at 3640$ will be an indication for a retest of 3795$.
4. Price is constricted to 3870$ on the bullish side and wicks to 3920$ are possible.
5. I am momentarily bullish on XBT till these price levels but on the medium term, I am still bearish. ‘’
REVIEW :
- When this analysis was posted, price was hovering at 3710$ on BITMEX and we had just been rejected from the 3795$ resistance. As stated, we saw a decline thereafter to our initial first target of 3640$ and we broke straight through the final frontier of support at 3610$, which was a STRONG support previously.
- As stated in point 2, if 3600$ support level was broken, then we can expect bearish activity to continue till our next price floor of 3427$ (and I added an extra target of final support at 3300$, which is yet to be activated).
- SUPPORT WAS NEVER FOUND AT 3640$ AND THUS THE BULLISH SCENARIO EXPLAINED IN POINTS 3-5 BECAME INVALID.
What has occurred since our last intra-day breakdown for XBT (MEX) ?
Our previous analysis of XBT ON THE 19TH OF JANUARY ENDED WITH THE FOLLOWING CONCLUSIONS:
‘’To conclude :
1. Expect a retracement to minimum of 3640$ and thereafter, we may find support at this level.
2. A break of 3600$ will indicate a break of higher low formation and a break to the downside to 3427$ and 3300$.
3. Support being found at 3640$ will be an indication for a retest of 3795$.
4. Price is constricted to 3870$ on the bullish side and wicks to 3920$ are possible.
5. I am momentarily bullish on XBT till these price levels but on the medium term, I am still bearish. ‘’
REVIEW :
- When this analysis was posted, price was hovering at 3710$ on BITMEX and we had just been rejected from the 3795$ resistance. As stated, we saw a decline thereafter to our initial first target of 3640$ and we broke straight through the final frontier of support at 3610$, which was a STRONG support previously.
- As stated in point 2, if 3600$ support level was broken, then we can expect bearish activity to continue till our next price floor of 3427$ (and I added an extra target of final support at 3300$, which is yet to be activated).
- SUPPORT WAS NEVER FOUND AT 3640$ AND THUS THE BULLISH SCENARIO EXPLAINED IN POINTS 3-5 BECAME INVALID.
