AMCryptoTrading

AMCryptoTrading

What if Bitcoin´s fractal from Summer of 2018 is playing out? Bitcoin price action on this *bottom* is looking identical from the past 2018 summer-fall trading period before crashing to its 3.2k level, if this fractal plays out, it would lead to a weakening in price the rest of October to finally capitulate to reach the real bottom around 11k, this could leading...

AMCryptoTrading

After the local rally on BTC, price hit local supply and got rejected, looking for a retest on 2017 ath, there is a possibility to have a dead cat bounce with no follow through and break the flag towards the 13k to 12k range … here is a fractal showed from the last drop off the prior consolidation.. we are still in a downtrend with a stair pattern (consolidation-drop)

AMCryptoTrading

Price action is looking weak but still holding 2017 ath support, this local bottom on the descending channel is compressing on the middle resistance. Some factors to insider is that DXY is shooting to 2002 / 2003 levels and Bitcoin price is not dropping further, which led me to believe there is a chance for a relief rally for btc..

AMCryptoTrading

On a monthly timeframe here the usd had a big run up from its double bottom from last year (January 2021 / April 2021). Now, facing strong resistance from its long term downtrend. Ideas from a false breakout on lower timeframe will be linked to this one, as well as the counter part…

AMCryptoTrading

On the weekly time frame what concerns me the most ion the panel below, is the bearish divergence the RSI 14 has been doing and still dropping likely to reach oversold levels, overall Bitcoin is starting the year a bit week but bulls are still trying to hold the previous bottom. Price was rejected from a crucial level on the 50k range as well from the 12 and 21...

AMCryptoTrading

New year, new month, new candle. Here Bitcoin on the monthly time frame, just to give us a reference from the long term chart and to show the bigger picture. You can watch a Fibonacci extension from the very bottom to the first ATH and the confluence with the price action, there you have your next target for the following time to come. Now, don't let bear traps...

AMCryptoTrading

retesting 90% from the entire move, if fails support I'm looking an entry averaging down from 37K to 33K don't panic.. BUY THE DIPS

AMCryptoTrading

A lot of news and trendy moves from Doge and people around.. dont miss it...

AMCryptoTrading

Explanation on the chart, further updates will be notified :)

AMCryptoTrading

The Bitcoin narrative keeps moving by hand of price action, even though we have a bearish divergence between the price and RSI on a higher timeframe, those take longer to play out. Right now on a WTF keeps climbing through the long term ascending channel.

AMCryptoTrading

Zoom out always to know the trend, have a wider perspective about things and other factors that may affect the price positive or negative let’s zoom in 🔎

AMCryptoTrading

WE ARE ON A CRUCIAL LEVEL, WHERE ARE WE HEADING? MAINWHILE BITCOIN IS GOING UP WITH THE DOLLAR, LETS KEEP AN EYE ON THAT SUDDEN CORRELATION

AMCryptoTrading

Broke rising wedge on lower timeframes but on the monthly ready to bounce on the middle diagonal of the ascending channel. The bigger timeframe rules always, keep this in your mind.

AMCryptoTrading

ON THE MONTHLY TIMEFRAME WE HAVE A BETTER IDEA OF WHAT IS HAPPENING, LETS DIP INTO SMALLER TIMEFRAMES TO FIND OUT WHEN ARE WE GETTING THAT BOUNCE

AMCryptoTrading Updated 

Still holding, but, for how long? Here some possible scenarios that could play out for BITCOIN vs USD

AMCryptoTrading Updated 

Even though im bullish for the long term, there has been many social and economical events that indicate markets are about to be shaken.. Now the charts are telling that we are going to catch some demand orders a bit lower, any correction or impulse is in a straight line, so bear that in mind before placing your orders. On BTC we have a bearish divergence with...

AMCryptoTrading

Curve was just added to COINBASE and the chart looks so exciting.. enjoy!

AMCryptoTrading

A hidden bullish divergence is when the price makes a Higher Low but the indicator makes a Lower Low, having said that.. Be aware on a sudden rise on the Dollar and a shakeout on other markets, maybe we could be talking about a flash crash here. Remember the stimulus checks have been delivered and spent on bitcoin.. what the government gives is to take it back.