BitMidas

BitMidas

BTC is still in a downward channel. When CPI stats failed short of the expectation, the financial market began to drop. BTC therefore fails to hold up on $30k for 3 days. The price still pushes and pulls around it. It’s critical to monitor if the support of the downward channel can be held before June 1st. Refer to the tp given in the chart. Welcome to...

BitMidas

We've seen correction yesterday but it's not over. BTC is still in a downward trend. We haven’t seen a whole reversal though, bearish momentum is weakening. The market is trying to recover. Today the price will keep coming back and forth between $33554.11and $29352.58. Multiple pullbacks from $30,000. If it holds this support for 3 days, we’ll see a bounce...

BitMidas

BTC continues in the downward channel. The bearish impulse wave has been realized with a great force. It's temporarily completed. We need to wait for a sign of recovery above the turning point at $33998.08. After the bear's catharsis is poured out, the market will see a small correction. But essentially bears are still in control. The next key support:...

BitMidas

BTC is still in the downward channel. It is still gaining speed and moving quickly down the slope, forming a bearish impulse wave. $32211.78 is the next target of the slide. Hope it's useful for your trading. Safe trading, pals. Welcome chatting here or on Twitter.

BitMidas

BTC continues in the downward channel Bears are in control at the moment $35208.68 - $34776.71 is the key mid-term support in the downward channel. Safe trading, frens. We welcome your ideas in the comments below.

BitMidas

When BTC didn't manage to hold the center, CCI showed a weakness in the chart. A 4-hour frame is relatively reliable to make a decision. Hope it helps, safe trading, pals.

BitMidas

BTC failed to hold the center and began to slump at 20:00(UTC+8) and broke off the triangle at 21:00. The price has entered a downward channel. Scenario 2 (+50bp) was finally played out - liquidity is under the pressure of flowing out… Refer to the given resistance&supports for trading. Safe trading, pals. Welcome chatting.

BitMidas

If you'd like to trade on an hourly basis, hope this helps. Look at the cross on RSI.

BitMidas

+50bp within expectation - a sloppy breakout. Now BTCbrokeup the triangle and came back to the channel, which is still unstable. However, the breakout hasn't been completed. BTC is going to oscillate around the center today. If the price holds the center for 24 hours, it will serve as a support. Currently, it's testing the center to settle the direction....

BitMidas

From what I've managed to gather, 7 out of 9 governors vote for a +50bp hike; 8 out of 9 are in favor of reducing B/S. If the news to be released in 3.5 hours comes out with reducing balance sheet, which is likely to take effect in June, then highly likely we’ll see a black swan. +50bp is within expectation, but it’s still negative to the market. We can expect...

BitMidas

1. To the convex of the triangle; the price range narrows with diminishing volume. Breakout anytime within 1-3 days. 2. If the price is kept under the center, it'll break down and vice versa. Now downward. 3. Fed’s decision is critical to the direction of BTC. Read our latest idea of how the Fed’s decision will impact BTC. Here: Another thing to stress...

BitMidas

Nothing particular new except the lower line of the range is pulled down to $37198.36. Remember to adjust your positions when you spot the turning point. Now we still look at it as a downward trend as the price remains under the center. Stay with Fed's decision in the coming days. Continue with the idea yesterday:

BitMidas Updated 

Turning point: breakup the center and remains above it for 24 hours Data updates: 38k is no longer a strong support of the range. Possibilities of downward breakout increase. BTC has come to a tipping point of breakout in 1-5 days. If the price remains under the center, it is likely to go down, and vice versa. Now- downward. Fed’s decision is critical to the...

BitMidas

Shocking CPI Statistics On Mar.17th, 2022, The Federal Reserve of the U.S. announced raising the interest rate between 0.25%-0.5%. The news wasn’t a shock to the market as it’s already priced in with similar expectations. After that, commodities such as gold, silver, crude oil, BTC, and other crypto-assets bounced back in varying degrees. However, this is...

BitMidas Updated 

BTC failed to hold the resistance yesterday. The fight will continue around the center, with the price range further congested. Breakout in 1-7 days. The range today: upper at $42419.94, center at $40379.75, lower at 37574.57. If the price remains above the center, it is likely to go up, and vice versa. Now- downward. Wait for the Fed's decision. Safe trading, pals.

BitMidas

Hey guys, this is a tool that I use in my day trading, hope it's also useful to you. Always set protection on your orders, especially on the eve of a breakout. Welcome chatting.

BitMidas

The half-year resistance keeps suppressing the price for 31 days. The half-year resistance diverted to $46069.75 The triangle narrows as indicated in the chart. The price is pulled back to $38369 within the triangle yesterday. The range keeps narrowing down until it breaks out within 1-8 days. Range to monitor: upper at $42734.05, center at $40433.92, lower...