First thing I have to mention is my channels, the top one to be exact, these past two weeks while we were trying to breach the top channel I thought we broke it with a 46k + new support close but there's a strong line at 48k and the channel deceived me i updated the bottom of the channel to 48k and the top of that channel stays the same at 65k (:
my last post labeled " BTC supper bullish weekly close" (it will be in the related ideas)
i noted that there were two scenarios about to play out when weekly closed under 46k
it said 31k-34k is the buy area which was scenario 2.
that tap of 34k could be the only touch we see who knows, remember 34k is the strongest BTC was ever at...
I note 31k too because the...
65K finally broke guys!!!!
we might fall to these levels so keep an eye out:
53k ( i don't think this will be touched)
the targets to the up side is totally unknown, I can give you fib line numbers but there not as powerful as the numbers I'm giving you here so i will update you right when i get the info below in the comments.
stay safe wicks are...
break of top + consolidation above 1st top + upward channel trend
give me one reason why curve should fall other then if BTC falls because it cant break 65k on the weekly
first hard price is $15 after that is $36
buy CRV and shove it into CVXCRV on Convex.fi start making %60 + the movement of curve
bullish on ATOM indefinitely and IBC as a whole.
lets say we have a ecosystem war.... atom is the one that creates the peace between worlds
im not going into a deep dive in price and where i think its going, im just letting everyone know don't let ATOM sneak up on you
CRO and ATOM also everything related to ATOM, LUNA and the bunch
lets ignore every resistance but the one at 65k.... ok?
but are we long or short?!
both... but if you don't have enough funds you'll have to pick one
lets say we already have a long position at any number under 60k well put a trailing stop loss and place a few short contracts
@ 65k on another account (or wait for the weekly touch and see how it'll play out ...
first lets talk about the chart and PA
we are still in the support of the channel we broke in. we fell to the support at 38k (that was the previous channel we were in) and were fighting to stay back in, we have time and we have buying presser so no need to worry lets wait for a weekly close back above 48k and just wait.....
the red strait lines on the...
It says it all in the title and in the charts.
On the BAT chart to the left, were on the 3W that means BAT has been in this triangle from its existence up until the last alt season when it broke it and shot to $1.7
BTC fell and dropped everything with it and thus came the fall back to $0.40; you can see that the fall touched the triangle and confirmed...
I've never posed a weekly chart (even though I always talk about the importance of the weekly close)
ive simplified the look (on the left) and on the right is the original one (i only understand)
----- I will be explaining the left chart in this deep dive of Bitcoins movement ------
For the bulls
where were at now is exactly where the second strongest...
this isn't anything in-depth
but ive been watching this chart ever cense the touch of the channel
and that was exactly when BTC touched 65k and the total cap toped out.
ZEC/BTC is the longest un-broken trend I've ever seen in a crypto chart
I'm not comparing BTC movement to this, I'm comparing the alt market in general
on the other hand most alt/btc charts...
a strong channel were in guys, the break up or down will be catastrophic
34k is very strong also 31k if the weekly closes under 31k we will be in for pain
id see 28k-25k-18k
if the weekly closes above 40k
well be set for 47k-55k-64k
noting new just an update time is in control now
goodluck all and be safe, leverage is a true killer
I went crazy when I saw the strength of 46k, then it broke.....
and now there's potentially even stronger support at 34k (around 0.4X stronger then 46k)
I say potentially because I'm waiting on the data I ordered to double confirm on the blockchain
the white and pink dotes are exactly where the strength is
when you look back at when we...
remember 46k is the strongest btc has ever been so if weekly closes and stays under 46k it wont look good.
i feel like the fall from 12k to 9.8k really resembles this exact pattern the only difference here is the insanely huge potential weekly resistance at 46k
anything is possible at the moment placing market bets right now is the worst thing you can possible...
two days ago i mentioned in my last post that 65k was the new roof and i said the weekly has to close above it before the next move higher
i had no clue it was going to happen this fast but it did, wait for confirmation of a weekly close above 65k for a high potential move up.
on the fall we saw that more and more support/resistance is being created from the...