BTC AT CRITICAL JUNCTION
First full financial week of the month is always taxing. Market news, inflation, interest reports, unexpected/unrealised/underperformance etc. has kept BTC ranging for days.
I always take ranging that continues for long periods of time as a big warning. And of course, BTC dipped from 30K zone.
So to keep it simple:
Bull need to hold...
I see W.
Need to break the neck line 42.7k to be on safe side. And strong push on 3 day to get the month kicked in
Volume an issue, but ninja needles either way are always a surprise so vigilance required.
Blue and red lines support and resistance (vice-versa)
Been in and out of ICP, super slow, but finally made it's move on 3 day.
Need to get to take and break minimum 24 in order for the month to actual move and be out of danger zone.
Will be interesting how it's pa performs in the 27-35 zone area? Will it be a sharp push?
Not sure as ICP has only been dropping since its' launch lol!
Dropped a tad lower than I...
Ok. Quick update as had to see what was happening and so over this ranging, wanted to know just how much could be recouped for the month of Jan on BTC.
Looking at the 3hr showed the massive prism completed, followed by a small one and a nice break out.
Obviously Jan month is down, but slowly being eaten into by the 45min, 3hr and 3 day especially.
Don't know why I haven't posted this one as I have been on about it for weeks in chat. EVEN with the extra grey hairs it gave and expecting to dip to 19, It actually rebounded off 20 (sod's law)
Anyway, it has a similar set up to ALICE. Regardless of it's background/technicals, there is so much liquid above to get that it would be foolish of me to ignore.
Big Daddy has so much room to move on the monthly. It's in a real good position to have a strong monthly close in current pa continues.
Right now up against 3 day candle yo-yo which took it down to 59.8k but rebounded strongly.
However I am noting: we are at the mercy of the 12hr so could pull back to 58.3k zone or worst case 46-50k before going back up. (big gap...
Been an unusual FUD 1st week of the month for BTC, but looks like a good pull through. With the help of the 3 and 5 day candle pushes.
Unexpected ninja needle low could be 41/42k, keeping an eye on the rsi as the blue needs to keep pushing to 40 and above (highlighted in red), but if BTC carries on moving up around the Ichi cloud then all could be real positive...
Been a fun ride so far on SOLANA. A coin that has been dormant for a year finally woke.
Definitely a buy for the day. Holding pa nicely.
But my target is 210.
Note the RSI being held up. Nice entry at 136 if and when it corrects. But see notes.
Correction to the demand zones should be a good ride up, and a fat profit for the bears on way down.
Patience is key....
If BTC does not recover that ninja needle, (Sharp pierce/a warning break in Bollinger Bands) we should see...46k. If that lost back to old faithful 45,500k.
Strong PA action on 3day (yo-yo doji)
BLUE LINES- SUPPORT
RED LINES- STRONG RESISTANCE.
Keep it simple
Big Daddy monthly started out strong but dropped. Basically it is currently playing the bottom. Depending on supply/demand/volume 3 day yo-yo play has been where the action is at. So stuck between a rock and a hard place for now.
BTC has to get above, take and break 39k to make signifcant headway for this month. Then deal with 41.2k resistance, but looking less...
As we near the end of the month, the previous week had been ranging from dead boring to - OMG surprise ninja needs. In other words volatile. This has been happening across all markets. We've re-tested the lower areas of the previous breakout areas accumulating and consolidating along the way. So a lot of yo-yo plays. But nice to see volume building.
The 3 day...
The sentiment on big daddy has grown superbly since it's $10k breakout and even more so from $20k.
Whilst it has been taking it time ranging between $50k and $60k building good support, there could be a ninja needle back to $58.5k area before a fast breakout to make it's new home in the $60k+ area for a while (see monthly). This will give the alts really play....
Slow grind up on XTZ, as it's stuck between a rock and a hard place.
Blue support and resistance lines.
It's been ranging on the weekly producing higher lows. Yo-yoing between hi 4.177 and low 3.747 whist its' monthly is still green/up.
But it also shows there is a good supply and demand going on. Current low 4.025
Daily in a long bullish pin.
SKY has been dormant for a while (since 2017), but recent surprise surge has peaked interest. Especially for coins that are yet to pump and still at value.
Chart speaks for itself. Only way is up for this one. Lots of room.