BTC-HONDA

BTC-HONDA Updated 

BTC had broken down from its last setup. We were primarily bullish, but if the pattern turned bearish, we were looking for 21k. I think most of the move has played out and we hit our target so I am going to start looking for relief to 22.5k and possibly higher. There isn't a setup visible but the SPY looks like its going to keep pumping which should bring in more...

BTC-HONDA

There has been no change to BTC. I have re-arranged the trend lines is the only alteration. A symmetrical triangle and the broadening wedge on declining volume are valid perspectives. This consolidation should take us to 25.2k. On a break down, I will look for 21k again. We really need to hold this bottom level that we are at or I will start looking for 21k. I...

BTC-HONDA

BTC broke up from it's last consolidation instead of down. The market has apparently been expecting a .25 rate as it pumped off the news. Unexpected but It tapped about the 24k level and has been hanging since. I believe I've been fighting the trend too much. I am now bullish to 25.7k from this broadening wedge structure on declining volume. If it breaks down, we...

BTC-HONDA Updated 

BTC looks like it is in a rising wedge on declining volume making a short term top. The breakdown target is about 21k. Interest rates are going to be raised this week which makes me believe it maybe the catalyst for some downside on the stock market. This will in return drag crypto down with it. if we break up from this consolidation, I will start looking for the...

BTC-HONDA

We have been watching BTC in a symmetrical triangle on declining volume. We were look for 23,800 as our target which we hit. No that this move has played out, it looks like we are going to get some short term downside.

BTC-HONDA Updated 

BTC is in a nice declining volume consolidation that looks like it wants to continue to 23,800 on a break out. This is my primary view, but if it breaks down, I will look for 22,293. In general, I think 30k is likely but 25k is the mid term target with a pull back. THe stock market has been much more bullish than anticipated and can help crypto breath for the...

BTC-HONDA Updated 

BTC recently was in a symmetrical triangle consolidation that we were looking for continuation to about 24k from. we had the breakout on a spike in buy volume and hit our target and now I am looking for the next setup. I'm starting to expect that we get continuation after a little sideways action. 30k-31k are what I'm starting to consider but I will wait for the...

BTC-HONDA

The spy is in a major consolidation on declining volume getting ready for a big move. In the mid term, it looks like we are in a rising wedge on declining volume testing major down trend resistance and upper pattern trend line resistance. I think interest rates on the 1st will be part of the catalysts to send it back down to 388 or 381. If we start closing above...

BTC-HONDA Updated 

A major macro move is coming for the stock market.I think this structure looks really good, has a solid volume profile, and best accounts for why the major resistance(Orange) was so easily taken back from my last update. we were just consolidating within the pattern. On a break up, I am looking for 435 and possibly a revisit the all time high. On a break down, I...

BTC-HONDA Updated 

BTC has been pushing hard this past week from its last break out. I unfortunately thought I posted here but instead elsewhere. BTC was in a broadening triangle on declining volume with an upside target of 22.8k. It nailed the target, consolidated again, and pushed even higher. The stock market flipped major resistance into support quickly this past week was...

BTC-HONDA

Our last setup of a symmetrical triangle played out but rather lack luster(21.6k instead of 22k). Since that break out, this consolidation has been forming into what looks like a rising wedge on declining volume about to pull back to the 19.5k area. A break up can take us to 22.4k and most likely begin an ascent to 25k but I am short term bearish. Earnings on the...

BTC-HONDA

BTC is about to make a move on declining volume. on a break up, I am still looking for 22k(Primary view). Ona break down, I will be looking for 19.6k. As long as we close the week over 19.6k, I will become bullish to 24k-25k. Possibly even 30k but I will play it one level at a time. If we break down and close below 19.3k, I will become extremely bearish and start...

BTC-HONDA Updated 

On the weekly, we look like we maybe close above resistance tomorrow on massive buy volume. That is fundamental to these bullish thoughts. I think now that most of the move has played out, we may come down for a bullish retest before moving higher. as low as the 19,000 level before moving to 24k or 25k. On the Hourly, it looks like a minor consolidation about to...

BTC-HONDA Updated 

We have been watching BTC in a tight consolidation that has broken up instead of down. The volume has spiked on the breakout confirming the move. We can still go to 19.3k-20k before finding rejection. THis is a major resistance/support so if we reclaim it, I will become pretty bullish. This rally has been nice but I am still anticipating lower prices this year. I...

BTC-HONDA Updated 

CPI report came in at what was expected which is Neutral/bullish news. This fundamentally invalidates most of the bearish anticipation I had for the market.If we close today's candle above this support, I will look for 412 as BTC looks like it is in a cup and handle pattern just about to break out. A weekly close this fast above support is really surprising. So as...

BTC-HONDA Updated 

BTC: after re-evaluating after some pattern invalidation, the best I can make for BTC is that this macro structure on the weekly where the weekly volume indicates a big move soon. Most likely decided by the SPY reaction the CPI reports tomorrw. So depending how the SPY leads, that will determine this overall trend for the next few weeks. The targets for the...

BTC-HONDA

SPY: currently at major resistance on the daily. This entire move has been on declining volume. The SPY is about to make another major move off tomorrow news on CPI reports. In my opinion, the CPI reports will be poor and we will get rejection off of this major level. I think on bad reports, I think we can sell off back down to the 379 levels pretty quick which is...

BTC-HONDA Updated 

Recently, the stock market broke from its consolidation to major resistance. We were anticipating it to break down which would have lead to our bearish prediction on BTC coming true. However, since it did not, it invalidated some minor bearish setups on BTC. After looking at the chart, I am remaining bearish on BTC. If we start closing above 17k-17.1k then I will...