Post this moring!
$BTC done great last few weeks
#BTC Pros
Breaking downtrend
Inverse Head & Shoulder complete
Trading ^ trendlines daily & weekly
Bullish WEEKLY crossover
Weekly RSI over 50
Volume good
Maintained LONG term uptrend
#Bitcoin Cons
Daily Negative Divergence RSI
Sell Volume picking up
#crypto
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RECENT POST
$BTC minute chart
Some volume coming...
important resistance level 24900
Will the price break this crutial level ?
if yes the next resistance might be level 3000
if not next support might be level 2000
This study based on Fibonacci Golden level
for a clear idea to confirm Important Level in Support and Resistance
FIB level is often one major Technical Analysis tool
We posted last week that $BTC bear is dead
This is today
Good evening
Quick posts
$BTC opened lower
Today is a holiday so volume will likely be light
Some sell volume brought #BTC down but just as quick BUYS came in and still more prevalent
#bitcoin looks good & unless something crazy happens, likely going higher
#crypto
$BTC is making push
Volume is IMPORTANT
Today is 1st time that it's BREAKING OUT with GOOD VOLUME
Day's not done & #BTC has more volume than other days
Need a number? Look
@CoinMarketCap
Again, barring reversal, even if flat tomorrow, #bitcoin weekly close is GOOD
strategy for volatile markets, exit at double top
re-entry on new signal
nobody knows how far the market will go up
on daily charts simply trail the stop below the last days low.
historic charts show that if COT commercial index is over 79 its time to buy and hold a long trade
Just some thoughts on where we can go from here. Ignore the time associations, because the "when" can of course vary...but these potential & basic TA/PA moves give us a realistic outlook that can take us up and then back down again through the rest of the year and leading into the halving event in 2024.
ALERT!
$BTC Update
Volume came in at end of day, Yesterday's close, and was decent but not great
HOWEVER
#BTC volume at the moment is GOOD!
Will likely supersede BUY volume over last month
More $BTC shorts piling on
Not as much as seems
IMO this = VERY GOOD, more short better!
#BTC keeps running this'll give fuel to BREAK major resistance @ neckline with COVERING
Maybe even lower part of #bitcoin GAP, top left
Sit tight boys & girls
Things bout 2 get interesting
BTC is presently testing the 200 SMA resistance (thick orange line) on the daily on the BTC CME futures chart.
If it drops below the 200 VWMA (thin orange line), then it will likely fall back to retest the Ichicloud at ca. 19.4K USD, recently flipped bullish again (green).
This will also enable the CME gap to be closed sooner rather than later first, before a...
Hello,
Back to the old days of gap filling, if this actual support doesn't hold then we will need to fill (quick touch or consolidate in that area) that 20k gap in order to continue further IMO.
... theres a wyckoff distribution scenario, theres the consolidative move followed by bear break, and theres the sell sided disequillibrium case. whatever happens, i think we have to pull back big in btcusd because of the power of trumps fed. im still bullish long term btcusd. bitcoin could go to $3k bitstamp, and coinbase could collapse before i would sell the...
$BTC still chugging lower, albeit slowly
$TOTAL 3 = #altcoin no longer looking better than #BTC
#bitcoin regaining dominance is not the worst thing in word although it's being done on weakness
Weekly BTC RED EMA @ Breakaway gap area
Interesting
#crypto
#BTC on CME chat got a important Gap around 23217 -23458 ,
and also strong support around 227760 - 22231 , which is cluster to EMA 100 4H
beware of those level :)
Garbage is what garbage does. BTC and ARKK basically have the same chart pattern. Garbage correlates with garbage which inversely correlates with bond yields.
Anyways, CPI numbers released Tuesday before market open.
Bitcoin recently rejected previous supply zone and currently is falling back to previous level of resistance and is loosing momentum. Look to see a bullish candle pattern forming @ the level to confirm entry to the upside.
Well, take a look to this chart, this is the moment and this is very different from the last time that bitcoin visited the 15 K, so don't expect to see 15K again. I think will see a uptrend continuation this week, starting from today, have a nice week!
Cryptos seem to be tracking bonds this week instead of the stock market. Divergence between market action and cryptos.
This is extremely bearish because the market has rate cuts priced in for later this year and next year, which probably won;t happen. When that gets priced in TLT will probably double bottom, so potentially BTC will as well.
