Mynameisnotrelevant

Mynameisnotrelevant

This resistance line is in place since all the way back in January '22. The moment we break this I am expecting a massive relief rally for the SPX500. And if the DXY falls more this will give it even more fuel to make a good upwards move. If the SPX500 breaks we could see the Bitcoin price go up as well. The break would ne around 4115 ish (Dec 5) Trade safe!

Mynameisnotrelevant

I know it's a messy chart but lucky we have to focus on just a few things! As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish. For Bitcoin we have a few levels to watch closely. First the key levels to watch if we...

Mynameisnotrelevant

As we see this triangle forming we have 2 clear targets. We are going back up to approximately 18.5k Or we are going to make a new low of approximately 15k Very clear and simple. But wait for confirmation and enough volume. Trade safe!

Mynameisnotrelevant

As we see this descending triangle on the daily time frame forming we have a clear scenario what's about to happen. We can't give a clear price and date when we will break it. The prices set are just indicators. But it is clear how we can play it and that we can expect approximately 14k if we see the next leg up getting rejected. But still anything can happen...

Mynameisnotrelevant

Bitcoin is right now in a triangle if we break it to the upside we can see the price of approximately 20.4k but..... if we break it to the downside we could see a price target of approximately 14k! It will be a interesting weekend. Trade safe and be aware of fake-outs

Mynameisnotrelevant

Today the CPI numbers got released and turned out good! The DXY and Yields are falling of a cliff and the SPX is making a strong bounce. But is it enough? We need to see the downwards line to be broken and retested. If we break it and are able to stay above it we are really clear to see more upwards momentum. Short and simple but this is the play. Trade safe!

Mynameisnotrelevant

Wow.... I think that yesterday is a day that no one was expecting and was ready for! As we are seeing Bitcoin making newer lows due to the bad environment we cannot tell what is about to happen next. But we have some data to look at. We are seeing that BTC wallets with 10k BTC are making a new ATH and they are not getting liquidated. Most of the people are...

Mynameisnotrelevant

As we see this falling wedge being broken down to the price of approximately 19.7k we did wick to 19.3k to hit some stopp-losses and retested some important key price levels. Should we be worried? No! Well no for now.... let me explain. We need to see Bitcoin holding above some key levels. Those levels are: 19.3k 19.750k 20k If we break 19.3k we could go...

Mynameisnotrelevant

Yesterday we spoke about breaking down. We hit the target but what can we expect for the next move? Well we need to see Bitcoin going back above 21k for more upwards momentum and the possibility to break 21.5k if we don't get enough volume we might eveb break below 20.4k Trade safe!

Mynameisnotrelevant

As we see Bitcoin breaking down we are looking at the price target of approximately 20,7k. But this can still be a fake-out. If we break back above 21k with enough volume and shoot up to around 21.2k we can conclude that this break down is fake. Trade safe!

Mynameisnotrelevant

As we see a bull flag forming Bitcoin will likely break it to the upside with a price target of approximately 21.6k if we hit that expect a retest of 21.5k before moving up more. Trade safe!

Mynameisnotrelevant

As we see this triangle forming we can expect a breakout soon! Will this breakout be on Sunday it might will be a fake-out. Breaking it to the upside we can see 21.6k Breaking it to the downside we can see 21k Trade safe!

Mynameisnotrelevant

As we approach the weekend we have 3 price levels to watch! •20.4k •21k •21.5k If we break 21.5k and hold above we could look for 22k if we break 20.4k we could look for 20k but since it will be weekend trading expect some fake-outs. Trade safe and happy weekend!

Mynameisnotrelevant

Bitcoin just hit our price target and broke the 21k! What can we expect this weekend? The biggest challenge will be holding above 21k. We are to early to see a new pattern forming but for now expect trading between 21 and 21.8k Trade safe!

Mynameisnotrelevant

As the FOMC meeting is coming up in just a few hours Bitcoin is relatively not moving that much. What can we expect Bitcoin to do? As we are closing down the triangle I am expecting this to break during the meeting as volume will start to kick in. We have 2 clear scenarios • We will break up and are going to 21k • We will break down and are going to...

Mynameisnotrelevant

Tomorrow will be a big day again for the markets! We are expecting a 75 bps. In this case neutral means that there is lots of volatility. But there is a small chance that the FED will choose for a 50 bps rate hike, because a 75 bps rate hike will be too hard to handle for the economy. In that case we are going to see a big movement to the upside. Trade safe and...

Mynameisnotrelevant

Right now we see a break out of the wedge reversal with a price target of approximately 21k. Yesterday we spoke that we broke down with a price target of 20.4k and we were of by only $25 of hitting it exactly. Trade safe and keep an eye out for Wednesday when we have the FOMC meeting

Mynameisnotrelevant

Right now we see that Bitcoin is touching the green line what might can give us some support. But the target out of the rising wedge is still approximately 20.4k if we fail to hold that we can see a retest of 19,750k Trade safe!