After having reached a low of 34'000, the Bitcoin is attempting to recover a little bit, moving currently in a sideways direction. Levels to watch in this 4 hours time frame are the following : DOWNSIDE : Former low @ 34'000 IMPLICATION : A failure to hold and a breakout of 34'000 would put the focus for lower levels towards 31'250 (minor congestion...
So here's what I noticed with $bitcoin (which was established back in 2009), Previous halving years: 2012, 2016, 2020 Bull runs (established peak) 2013, 2017, 2021 Correction years: 2014, 2018, ???? Given this pattern, 2022 is looking like a correction year for the OG crypto, Bitcoin, and most likely the rest of the alt coins (i.e. ETH), since all of these...
DAILY (D1) The breakout of the psychological 40'000 support level triggered a downside acceleration which pushed sharply down the Bitcoin towards a low so far of 35'111 ! There is something very important to highlight : Last daily closing level (36'495) was below the weekly clouds that you can see on overlay !!! Such kind of price action should be seen as a...
Litecoin has sold off with the rest of the crypto market, finding support at our level at $124, which we identified yesterday in the reports. Litecoin was wavering around these levels earlier this month, with a wick testing $120. It's inability to establish new lows, unlike the majors which have all established sharply lower levels, is a good sign for LTC. If...
DAILY (D1) Following the expected sharp decline (see previous analysis !) towards a low so far of 37'684, the BITCOIN is now very close to an important support level, which is the 78,6 % Fibonacci extension retracement @ 37273 which also coincides with the bottom of the weekly clouds support area. Global picture remains heavy as technical indicators are still...
Seeing a nice 2x bottom test for Ethereum after weeks of decline. MACD histogram going green makes the bullish call a stronger case Seems like $3k is a good support. Good luck!
NANO has undergone some transformations over the last year. NANO community and development continue to thrive, after overcoming a challenging spam attack earlier this year. The fast, feeless currency now has Kyle Sherman (the CEO from FlowHub - a payment processor for Weed dispensaries that handles $3 Billion in revenue each year) on their advisory board. The...
Cardano ADA just touched the point of control from December 3rd. There are of course higher POCs with magnetic attraction but a correction down to the untouched POC at $1.279 matches with FIB golden pocket and volume profile of this upward movement. What do you think? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial...
WEEKLY (W1) In the weekly time frame, the Bitcoin remains under the influence of a MAJOR DOUBLE TOP IN PROGRESS !!! The ongoing downtrend price action is still intact as the BTC is below : 1) the ongoing downtrend resistance line 2) the Tenkan-Sen & Conversion line (@ 49'537) 3) the Kijun-Sen & Base line (@ 52'141) Note also the important barometer, which...
BM Team; channel & trend line note:Ability to buy in safer ranges. _just idea_
4 HOURS (H4) The sideways price action continues inside the 4 hours clouds. As already mentioned yesterday, a breakout of the clouds (43'250 upside and 41'7870 on H4 closing basis), in one way or the other will open the door for the following targets : A) UPSIDE : R1 : 44350 R2 : 45'828 (VERY IMPORTANT !) R3 : 47'308 B) DOWNSIDE : S1 : 40'000...
4 HOURS (H4) In this 4 hours time frame, we can see a sideways price action which is currently roughly in the middle of the clouds area and around the cluster zone (42-625-43097). Such kind of price action is showing some growing uncertainty about further development and a breakout outside of the clouds will have the following implications : 1) On the upside...
DAILY (D1) 1. Below the clouds 2. Below both Kijun-Sen and Mid Bollinger Band 3. Yesterday's candle triggered a BEARISH ENGULFING PATTERN but... slightly above the Tenkan-Sen or Conversion line, currently @ 42'007 (Comme James Bond :-) Last, but not least the Chikou-Span or Lagging line is currently showing a sideways trading range, far away below the...
DAILY (D1) 3 successive dojis in a row which is showing growing uncertainty about further development which is, for the time being still calling for further downside in this daily time frame. The ongoing candle is also, showing a doji pattern in progress (validation or invalidation will be given on today's closing basis) As already mentioned in my previous...
WEEKLY (W1) Last week price action triggered a long black candle which went down towards an intra-week low @ 40'517, testing the top of the weekly clouds area. This week ongoing price action will be very interesting as there is a strong support zone between 40'860 and 37'360 ! Global picture is showing a major double top formation in progress, coupled with a...
Bitcoin entry point at Fear & Greed value of 10 In year 2020 at first corona panic March 30th - Bitcoin was at ~$6.000. Last year 2021 we had a F&G value of 10 three times - all entries would be in profit today. Now... how to evaluate yesterdays value of 10? What do you think? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not...
In this custom precious metals (Gold and Silver) versus top cryptos (BTC and ETH) you can see the last lowest low was November 9th in what appears to be a bottoming formation. Price ratios continued in an upward channel (shown in yellow) and have just confirmed a breakout upwards from that channel. Suffice it to say, PMs have been outperforming major cryptos since...
Ongoing selling pressure pushed the BTCUSD down towards the 41'000 area. DAILY (D1) Below the clouds and all Ichimoku lines ! Also below the Mid Bollinger. RSI is still converging to the downside. Next support level is the psychological 40'000 ahead of 39'575 former low of October where daily clouds rejected further downside, but this time the story is...