Was hoping for sidemove scenario and so it happened. Will it keep on moving till Monday hard to say. Weekly candle so far look extremely bullish. At 4H narrow channel with falling volume tell us than next impulse move will be destructive for stops. Up or down. While in uptrend not taking any shorts, only dip buys at 32/35k. - Target for the next week 45-50k. And...
As promised BTC went up to re-test 40k and even claimed a new ATH. Now back to uptrend trendline. Very simple. Either it bounce and go for a new ATH which can be up to 45k. Or BTC moves sideway which finally will let alts to breath a little. Momentum at 4H is slowing down. so consolidation or retracement have higher chances from indicators point of view. Just keep...
Bitcoin uptrend goes on. Forecasting final price is a fortune telling, but since yesterday closed with bullish candle we may expect BTC to get higher this week. While it stay within uptrend dips are for buying 😎 Next possible dip to 35-36k. Also we have very clear breakout level at 37795 - will long once price get above it for a new impulse wave.
D06-07: AC...
Bitcoin made it above 32900 which makes it bullish again. But before growing higher, if it will, we may expect a re-test of broken SR level at 33000. Besides last 4H candle got a long wick above previous ATH which indicates rejection. So pullback is very possible, maybe even to 32k. But the main rule stays the same - while we are in an uptrend dips are for...
Bitcoin moving up to re-test 32900-33000 resistance zone. If grow and close above chances for uptrend continuation increase. In this case good to join long on re-test of the same SR zone. If fail, possible drop back to 30k and some more sidemove.
Sunday forecast for Monday dump came true. As I wrote in Stocks/Oil review, its not yet the sentence for bulls as we are still within uptrend at daily, but at lower timeframe BTC have entered consolidation stage, and it should grow above 32900 to make it bullish again.
Dominance at 68.4 support - possible drop lower to 67.5 which will pump alts more.
D04-05: AC...
Market shaken, but haven't dumped. Stocks keep on growing on stimulus bill approval news. Yet I prefer to stay safe and not hold any long term trades that close to New Year, as I expect many big accounts will be fixing profits before the end of 2020. Bitcoin has 2 more days for sidemove - we may even see a pump to 30k on breakout of nearest trendline and 27k...
When yesterday I wrote that " alts season is very close " I didn't expect it to start in 3 hours after BTC review 😄 But it did and it was massive.
BTC day candle closed with bearish doji, but I wouldn't rush into shorts yet. After 14% pump BTC need to consolidate. Let it do so. If it fail to grow above ~27400 probably retracement will come, but so far trend is...
Bitcoin is the King 👑 Nothing stop it from this monster bull run. Every dip it takes seem to be giving even more power for the next impulse. Momentum reversed up again. I see 30k acting like a magnet to BTC and its only 6-7% from where it is now. But don't worry, alts season is very close as well 😉 Not yet, but January can be very profitable for alts.
D26: ...
Bitcoin made it above 25k! 🥳 Not much resistance met so far. First pump yesterday was rejected, but dips bought and uptrend continues. All main long targets met (3rd TP was at 24990). At daily I see signs of bullish momentum resuming - dips are for buying until chart proves that strategy wrong.
BTC dominance growing so alts in majority haven't moved much during...
Although momentum still dangerous, we can't ignore two facts - bull flag and Christmas 🥳 Miracles happen on that day. XRP pump by 50%, maybe BTC will follow? 😎 Remember today is low liquidity and so anything can happen. Happy Christmas everyone!
D24: AC 🔻🔻 AO ⬆️🔻
D22-23: AC ⬆️🔻 AO ⬆️🔻
D21: AC ⬆️🔻 AO ⬆️⬆️
Resistance 23900 - 24240 - 24376
Support ...
That chart is becoming really ugly for trading. While price moves sideway within ~22400-24300 range, momentum at daily is turning bearish . Yesterday choppy market killed both long and short stops. If today BTC manage to get above ~23500, there will be another day of chop chop action. If fail possible start of retracement. Nearest 4-8 hours will show the way....
I think BTC is bouncing to 23300-23500 resistance zone now. Trend is broken, so look for short opportunity there. You may also use this bounce for long scalps in alts. But that would be risky since 4H candle has 2.5 more hours to close. While now it look bullish it still has a lot of time to change.
If BTC break 23300-23500 resistance zone then we can see it to...
