Plain and Simple Bitcoin Daily Analysis - 3/18/21 - BTCUSDT
Yesterday, price actions followed precisely my prediction for a rise around the 59K level.
Today nothing big is happening for now in terms of fundamentals. Just the perspective of a coming week-end.
Now week-ends is where things happen... bullish things.
High Vix, positive MACD, but high RSI is...
Plain and Simple Bitcoin Daily Analysis - 3/17/21 - BTCUSDT
Yesterday, price action followed precisely my support line at 56K that seems to really hold well
Stimulus checks will hit the banks and the market this day
Most of the week end retail FUD has been now dissipated.
Great fundamentals then.
On the chart, RSI is pretty oversold, macd about to...
Plain and Simple Bitcoin Daily Analysis - 3/16/21 - BTCUSDT
Bitcoin is still correcting as of this day.
Last week I called the 48500K level for a retracement, and more it goes, more this scenario seems probable.
Right now, the Vix is already very high and RSI nearly oversold so we might hope 52500 will hold well, but at this point,
That wouldn't be a sure...
Plain and Simple Bitcoin Daily Analysis - 3/15/21 - BTCUSDT
Last friday i was writing :
" Elon twitted again over Bitcoin , and it had nealy no price effect."
God, how wrong I was ;)
Musk is now leading the dance. Every single tweet has tremendous effect on bitcoin price and trend, on the postive or the negative side, depending.
Musk gave us the 60K...
Plain and Simple Bitcoin Daily Analysis - 3/13/21 - BTCUSDT BINANCE:BTCUSDT
As bright as the future might seem right now after the beautifull recovery over the Binance FUD yesterday,
Bitcoin is still struggeling to reach his all time high.
The market is totally hesistant and for now, 2 outstanding bearish divergence on the 4 hours seems to compromise...
Plain and Simple Bitcoin Daily Analysis - 3/12/21 - BTCUSDT
Market does not care what people want.
People want 60K so bad.
Market takes decisions.
Allright, we got 2 bearish divergences popping up, and a lower high on the bigger scale.
That's not good at all to get that lift to 60 K.
Price is attracted by the 48700 K level, that we might head back for...
Plain and Simple Bitcoin Daily Analysis - 3/11/21 - BTCUSDT
Market is too emotional, really too much
Everybody requesting 60K is kind of jinxing it :)
I posted yesterday that the 57370K would be a clear rejection on my twitter channel and also on youtube (link below)
...and the rejection was...because of the confindence. Not enough fear to...
Plain and Simple Bitcoin Daily Analysis - 3/10/21 - BTCUSDT BINANCE:BTCUSDT
The euphoria episode was short. Market is too emotional, really too much
Chart is screaming , don't trade today !
The 4 hours looks also pretty bad, and calling for more dump, back to the 52K level
If euphoria does not catch up again today, well, things can get nasty, really...
Plain and Simple Bitcoin Daily Analysis - 3/9/21 - BTCUSDT BINANCE:BTCUSDT
Yesterday, 5PM eastern time, we could see a few "abnormalities" hinting clues at the present euphoria.
I posted about it on my twitter channel and also on youtube (link below)
So, the market is back in full euphoria mode, and then, indicators become clueless until reason settles...
Nice week end, with a pump reaching 51700 K as U.S. Senate passes $1.9 trillion stimulus
Fundamental news came in.
Super low vix is telling us too much confindence is setteling again on the market.
Today high will stick around the 50500 levels.
Macd crossing and high RSI could take us lower, back to the 49100K area.
Then we will have to see if...
Plain and Simple Bitcoin Daily Analysis - 3/6/21 - BTCUSDT
Very undecieded week-end, starting with enough confidence to drop the market.
Yesterday, i did a short update before the "pump", but was not confinced that we would go over the 50K resistence.
Right now, we might stick to my green drawing, with a ranging price between 48900 and 50100
I'm keeping my...
Plain and Simple Bitcoin Daily Analysis - 3/5/21 - BTCUSDT BINANCE:BTCUSDT
Allright, so i've been preaching about this coming drop during the whole week.
(check my previous daily analysis - link below)
Did not touch anything yet on my chart and drawing for 5 days actually
At that point, the asian market kept droping, so we are getting closer to the 45180...
Plain and Simple Bitcoin Daily Analysis - 3/4/21 - BTCUSDT BINANCE:BTCUSDT
Still , i'm not touching anything to my forecast from 3 days ago. No fundamental came in to change it.
You might check it on the link down there.
Again, i'm not convinced at all by this bull move.
Today will give us more clues on where it's heading , but to me, we will revisit...
Plain and Simple Bitcoin Daily Analysis - 3/3/21 - BTCUSDT
Interesting asian session with a small bounce at 47314 that i exactely placed on my yesterday analysis
Most probably, because of the news that Amazon started to integrate ETH on AMAZON Managed Blockchain
A hint for the future ?
So far, so good, so what ? ...now...
I don't think i will have to...
Back a week ago, such a configuration would have ended up bullish, as euphoria was taking over and driving price higher
even if all indicator were showing tops, over and over.
However, something smells bad on the current chart.
Is it the sluggish action, Indecision and too much confidence on the VIX ?
All together , it would all now depend on Bitcoin price...
Plain and Simple Bitcoin Daily Analysis - 3/2/21 BINANCE:BTCUSDT
Allright, yesterday, we had some little surprises , driven by fundamentals aka Microstrategy aka Goldmann Sachs news
But will this movement last ?
I'm not so sure, as there is still a lack of confidence lurking over the market.
Right now, the morning 8AM +1 GMT seems fine on the 30mn chart,...
Bnb did rise again after the unexpected BTC move that pushed the price back up to 255 support.
However, it was not able to break it, as the RSI starts to show weakness, but with a pinch of hope.
Bitcoin faith will deciede if we move higher or not, but too much confidence is flooding the market after this recovery, wich might be a warning sign....
Allright, BINANCE:LUNAUSDT is clearly a gamble, we all know it.
IS LUNA GOING TO MOON AGAIN ?
The stable coin project is strong though
But guys, this chart is a beauty.
Fear has been spiking hard and cribbeling everybody during the week end.
All this green on the Vix index feels like a golden opportunity to take at these levels.
If bitcoin has the...