On Friday, we said it would not surprise us to see Bitcoin plunge below 20 000 USD. The following day, Bitcoin fell to a new low at 19 766 USD. Since then, the price action has been mostly sideways. At the moment, Bitcoin trades near the 20 000 USD price tag. We stay bearish as fundamental factors weighing on the market have not changed. Additionally, technical...
Hi again to you all. Price action progressing. so it's time to little edit my secret fractal gain, here on Logarithmic daily chart. Now we know, this is confirmed Bear Flat formation. You can draw the pole from 48 k high, or 31,5 k. Also as I am posting today, Bitcoin testing 200MA weekly average. If Sunday closes this way, it should end up in crucial bearish...
Over the past few weeks, worsening economic data led to widespread speculation about the FED backtracking on its promises, leading to buying spree fueled mainly by retail investors calling for the market bottom and trend reversal. Despite mounting bullish calls, we stuck to a bearish outlook for the medium-term and long-term while pointing to a bear market rally...
BTCEUR - in slightly downside biased range and currently addressing top of the 4-8hr range, likely pullback occurs before more . In case of converting red zone in to support - likely our daily red zone opens up for the taking. The green arrows up are buy bottom buy signals - while small red arrow is sell the bounce signal - they're automatically generated by...
Bitcoin reach to strong resistance. Next support level is 16K at bottom, Next resistance level is 30K at top.
Over the past week, the situation in the cryptocurrency market has not changed much. The price of Bitcoin continued to be choppy, trading mostly between 22 000 USD and 24 000 USD. The inability of BTCUSD to break above the immediate resistance hints at even more weakening bullish momentum. Indeed, the same is implied by several technical indicators and the...
Possible head & shoulder pattern on BTCEUR on the Daily. Green line = neckline. Measured distance from head to necline is shown and copied to indicate the target to the downside. Fib-levels (0.382 up to 0.786) are displayed on the chart for possible targets in case of a short. First target (based on the H&S), around EU20.500 is in between the 0.500 and the 0.618...
Despite yesterday's move up in Bitcoin, we remain very skeptical about the prospect of rally continuation. That is mainly due to the FED moving toward a more hawkish stance in regard to its monetary policy. Indeed, now, it projects another 75bps rate hike for September 2022. As a result, we expect this to negatively affect the U.S. economy as well as the...
My last chart on "BEATCOIN" Personally I think is not worth trading. Reasons... there is not a serious/real exchange yet. They can do laterally whatever they want, not only block your account-margin-investment, but make sure you ever get your money back. Couldn´t believe when I saw it. Several teams of hustlers for each "exchange" paid a percentage for every...
The setup we introduced recently remains valid. We will have our eyes on the FOMC meeting today. We expect volatility to be elevated throughout the day. We will update the idea after the FED decision. Our thoughts are detailed in the attached ideas. Technical analysis - daily time frame RSI paused its fall and became neutral. MACD is also neutral. Stochastic...
During the current week, Bitcoin gained slightly, and in the process, it constituted a new high at 24 280.30 USD. However, since then, it has started to move sideways and struggled to move higher. Because of that, we will continue to pay close attention to the volume and technical indicators. We think BTCUSD might continue a little bit higher in the short-term;...
I decided to post the same chart on Regular scale and 4 hour time frame for out better view. ( ... Yesterdays was Logarithmic chart ). This purple fractal is much same as Saturdays, however not so extreme when compare. Nobody can't determine, which should end up better. Better than post into comment section as in previous idea. Also Fibo levels are better...
Hello again, as uptrend channel broke in advance of my previous TA, bearish Wickoff developing and DXY is stronger than ever we imagined, let's see how low this bullish Falling wedge oscillate before breakdown. I am rather staying neutral on sideways ...I do not think, Stock market bottomed so let's see what near future bring. This will create great long-term...
Over the past few days, Bitcoin drifted lower toward the 19 000 USD price tag. Because of the persistence of bearish fundamental and technical factors we maintain our price target for BTCUSD at 17 500 USD and 15 000 USD. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. ...
After the CPI Report was released this morning, everything dumped. However, BTC fully recovered back above support within the bear flag. Most trader sentiment is short and given the oversold conditions, this makes for an ideal contrarian long play until the Fed announcement on July 26th. I have three price areas that I am targeting. TP 1: $23,000 - top of the...
The most meaningful analysis I have about BTC/USD, both on a technical and a fundamental level. You're welcome.
This is an update to the previous forecast see link below. Based on what we have seen, we are now effectively in a battleground. The same 'big' holders who are on the verge of selling their crypto assets are the same people asking us to HODL. Bitcoin, I believe in you, but, you are not worth your money. You are worth our money, just not this much, and as the...
I made this observation for myself to see what a year in crypto really looks like, let's see how right or wrong one can be, tread carefully. Personally, see it going to 30k, but that is speculation. Safe trading. #Theywillwanttoflushthemarketbeforerealadoption #Nothingiseverwhatitseemswhenbigmoneyisinvolved Divide it all.