BTC could range from 44.8K to 46.8K for while and accumulate above daily MA 200.
$XLM used to follow $xrp movement and since XRP built a bullish PA and run insanely XLM is lagging a bit and could easily touch 960 SAT from here. MA50 was flipped and retested as support.
Expect some accumulation above 200MA before breaking 46.8K. Could drop slightly to 42.3K if the MA 200 don't hold. but if it hold we could never see BTC in 40's range. next target after 46.8K is 51.3K.
still holding strong against BTC recent nuke while most alts suffering.
Nice pick up volume with tradeline breakout. Let see what this crazy coin is up to this time.
Keep it simple. Same story same setup, think big. NFTs rallies after ETHBTC cool off.
please check the attached old post for TVK and Tell me the difference. Profit from TVK to TLM & SUPER 1500 SAT
I think time is to rotate money back to BTC to play king role. ALTS/BTC could have some correction.
I thing BTC bottomed here after nice fat 4H bullish engulfing candle and 6H bullish divergence and touching fib 0.618 of last run as support.
Expect huge selling pressure from 0.0673 - 0.07. London fork will be on 5th August and everyone want to sell the news before 1-2 days I guess. be careful here.
TVK never broke its bullish PA. Expect Wave 3 to be higher than rest waves. Even in weekly new HH was set before BTC insane run. R:R is great here.
3D chart showed a shooting star candle which means a downtrend is more likely to happen. now the question is where is best level to buy? now as daily and 3D showed weakness I think the correction should be on them as well. I think the bottom could be daily 50MA or fib 0.5 or maybe a HL on 3D. BUT DCA again.
I am not touching alts here, could be wrong but better to wait for today daily candle close. If closed below expect some nice highs on BTC pairs in this week.
the correction was inevitable. We already have seen 8 green candles, BTC should cool off now and put HL on daily. expect it will be 35K-34.7K but as mentioned on last post: DCA again. if you want to short wait for retest of 39.3-39.4K
As some DEFI are starting to catch up with BTC recent move, $Ramp is developing a bullish PA, breakout from tradeline with bullish engulfing on 4H, could do 32% from low again. SL: below 0.1917
Possible bearish 4H divergence to be formed. Something to be noted: in last run back in 2020 BTC used to bounce from 4H 50MA and it is currently at 34.7K. If bearish div confirm the best thing to do is dollar cost again on your interesting levels. remember none is buying the exact bottom and selling the exact top. still thinking a HL on daily should be printed...
I guess new alt season is due after touching 50%. Don't forget to pick up your horses.
I think BTC still has to touch monthly open before breaking the range high. otherwise I would like to take an entry above 40.5K after a breakout on daily basis. I am not shorting while funding still prefer bulls.