Bitcoin is getting ready for a possible correction. In this video I go trough the books, talk price levels to look for and also very briefly talk trough some futures data. Next video I will cover some other points like futures premiums and swaps v spot basis or finex long/short ratios.
$BTC Waiting for the ~20k callers to appear on the second 2D red candle since mid July Looking for ~43/44k (July Highs) to hodl/bounce, flipping this area into support & allowing continuation If happens, then ~50k will be a reality quite fast Dont get lost in the noise😉 #BTC
Here we are tracking the ending of a 'C' leg in the 4th wave retrace (invalidation for sellers comes into play with 50,130 because it will mean the move is impulsive rather than corrective). Expecting sellers to step in here with risk storming the base for August, the next leg down would mean the lows are no longer protected via the meme prince. Elon now uncovered...
Coinbase IPO was exactly at Bitcoin's all times high. They both started a bullish rally on July 20th, 2021, and after the earnings of COIN, they both lost their momentum! This could not be a coincidence by any means..!
As you see in the chart we have abc wave that targeted 20k-14k and we are in down channel as you see. And we have a gartley harmonic pattern that targeted 15k. And we have a strong support between 20k-14k. And we have a negative rsi on 1d & 4h time frame. Negative rsi 4h time frame. Negative rsi 1d time frame. So……. What do you think now please share...
We got a daily bull cross. We are under the 200 moving average which will provide headwind. Overall I think we are at minimum preparing to test it.
Hash Ribbons officially gave a buy signal after one of the longest capitulations in its history. In fact, this indicator was added to the favorites of 10,000 people on TradingView. What do you think about this indicator? and share your favorite indicators with us Best regards EXCAVO
$BTC Weekly close ahead Sunday activity should not change the overall sentiment. If starts pushing from here (flipping ~45k area), then ~50k 20 days ago, they were calling 20k🙄 #BTC
Like I said three months ago, we are going to have a prolonged flat, from which we will go up. The timing was almost exactly as predicted. As we saw in this flat, there was a bearish sentiment amongst many and the upward momentum was triggered by the fake news about Amazon. On the chart we can see how we did not break the resistance line the first time, we...
The penetration in the node that determined the continuation of the long ascent was done and we accepted the analysis error, only the drop to 29K occurred and intensified with the positive news of the ascent to easily leave the resistance behind. In the 4-hour time frame, three shopping points are given, which can be entered on the pullback. You can not enter the...
#BTC (Update) In Daily timeframe Chart, Bitcoin is testing Another Trendline Resistance & 200-Days Moving Average (44.8k) In 12H timeframe, RSI is Printing Classical Bearish Divergence, Not a Good Sign While It's Facing Key Resistance Area. $44444 is the "Make it or Break it Level" for Bitcoin. If Daily Candle Closed Above the MA200 (44.8k), Expecting...
-BTC has revived nearly 55% off its low -Price has just kissed the 200 day MA -A long term trend line may cause rejection Bitcoin has finally broke out of its 2 month range that bears has continuously kept price within. This is a great sign for the overall crypto market as the majority of coins have followed BTC’s lead and have revived strong off their lows....
Bitcoin is currently widely claimed as back to the bull market by popular youtubers that are calling the bottom and that are 100% long. On top of that we have a bubble popping out with a boom of Glassnode analysts selling millions of newsletters with in-chain data that everyone sees. "Institutions are buying/accumulating" This is alarming to me. I tend to...
#BTC 200 daily moving average is always a good sign if crossed to the upside 🤞🍀
#BTCUSDT TA update:- $BTC currently trading at $43400 And now trading above strong support level. So I am expecting next upward move toward $49000 and $59000 So BTC must be hold $40700 strong support level. And As per our last update BTC also tested $38000 Now keep an eye on my levels:- Support:- $40700/$34800 Resistance:- $49000/$59257 Please click like...
#BTC (Update) In daily timeframe Chart, Bitcoin Has been Moving in Descending Channel from last 5 Months. From last Few Days, Bitcoin Bulls are in Complete Control & Doing Outstanding Job. At the Moment, Bitcoin is heading towards the Crucial Resistance (44k), If Bulls Break this Resistance With Strong Volume, Expecting Huge Bullish Wave in Midterm. In Worst...