BWCPT

BWCPT

After a healthy correction , we have now formed a cup, will we see a handle? Previous support level is at $46700 , local resistance at $55000 and of course the ATH . Volume is picking up and me can have a chance of breaking the $55k after a retest.

BWCPT

Hey everyone, today we are taking a look at the 1h chart for BTCUSDT. First thing we can establish, pretty obvious now is that the recent price rejections gave us a local top heavily guarded at the 51.500 area , a lot of sell orders are currently placed at those levels and the bullish momentum isn't there to compensate and overcome this barrier. The local...

BWCPT

Looking at the 4h chart - price dipped all the way to the point of confluence (POC) and retraced back up leaving behing a long wick that usually says rejection. A new 4hourly candle opened and is now at the point of confluence for the last formation also accompanied by the presence of the yellow ascending trendline. Where do we go next? If we close below this...

BWCPT

Weekly is looking extremely strong, the candle had just a small wick to the lowside indicating that there is still the demand and buy pressure from the bulls. Hypotesis : If we were to plot the same candle as last week (and this happens after a breakout) we could project our gains for this week to about $59k. The weekly volume holds and CAN help continuation. ...

BWCPT

Looking on the 4h timeframe we have had a mild correction compared to what we are used to , that correction has spiked in a low MA on the hourly , meaning that the big traders were not involved in this one, the volume that came with this drop was also small , further strengthening this assumption. What next? Currently struggling on the local resistance at...

BWCPT

Looking at the 4hr chart, uncertainty and short term drop to potential bottom of the channel is possible but... While i expect a fall to the bottom of the channel eventually we are now currently supported by the point of confluence at 31850 and we still have a buy zone at the 31k level this has already been validated as the previous drop ended straight in it....

BWCPT

So we re going to keep this clean. Difficult to predict a direction at this moment because the price action is currently stuck between the Point of Confluence (red line) and the local support at $30k. Now we all know that a S or a R gets weaker on every test, the probability for the price to break the support on the lower side is about 70% at this moment, as a...

BWCPT

Taking a look at the 4h chart today , BNB is looking like it has closed above the local descending trendline. On the SIC indicator we can see that the last candle has also triggered a green (buy) dot. another confirmation in the pocket. On the bottom side of the chart, on the sublime wave indicator we can see that we have an ascending trend in the waves, it is...

BWCPT

Hey everyone, Quick update on today's chart. Let's start with the daily HA chart The descending pattern is still active, rejection at the $28,800 level, the current candle is still looking strong and much like the previous one. No sign of reversal on this chart, however let's zoom in and see what we find. The 4 hour...

BWCPT

After an amazing parabolic move that has played out perfectly , we seem to be moving from triangle to triangle. We are currently supported by the upper part of the ascending channel that has guided us for the last month and that is still holding . The price action keeps testing it and even dipping to 3/4 levels of the channel but returning back . The last test...

BWCPT

Bullish scenario Bitcoin

02:31

BWCPT

LTCUSDT Confluence zone with support and 0,38FIB, SL just under the 0,2FIB so we can remove some noise from the chart, TP at 0,78 FIB which coincides with the local resistance

BWCPT

Waiting for the 4h to close above the 0,78 , seems like a fair trade

BWCPT

Hi traders , In this analysis we can establish that the 20 MA on the weekly chart has strongly affected the price action in the past. As we can see , nearly every touch of the 20MA has rejected and continued the trend further, on the Buy side as on the Short side. Right now, we have just touched the weekly MA and we are waiting for confirmation, this week we...

BWCPT

this

BWCPT

We've had a rejection on the POC and if we don't close below the trendline we can expect a new retest of the 12k level

BWCPT

The price of Cardano broke out from the descending channel made from the Mondays high and increased of around 3.4% from today's low. The bullish upside move is expected to continue as we have most likely seen the completion fo the impulsive downtrend from Monday at least to the support area that was broken to the downside on Tuesday for a retest of resistance....

BWCPT

From Tuesday's low, we have seen an increase of over 63% for the price of OmiseGo. The price moved to the upside in a parabolic manner but has now started showing signs that the impulse wave might have ended with the price interacting with the upper level of its current ascending channel. The wave structure implies that we have seen the completion of the 5th wave...