ProR35

ProR35

In my opinion I can see BTC going one of two ways: ---> We continue to rally having bounced off our Rally - base - rally support zone. With further support by the green rectangle pushing towards the next Supply zone. ---> OR... We lose the rectangle diagonal support, drops down towards the lower side of the rally, base, rally demand zone. Then confirm this key...

ProR35

On the left side of the chart we have areas of significant volume that pose as problems or areas of potential congestion for BTC as it climbs back up towards new highs. These areas are bearish orderblocks and we can generally expect price to react in a bearish manner off them. Once price gets above and consolidates it becomes new support. As shown by the green...

ProR35 Updated 

Last weeks high: $27656.6 Last weeks low: $26997.5 Midpoint: $26338.4 With the price of BTC starting the week at the same price it finished it, we had a largely boring 7 days of price action. A very tight <5% spread form highs to lows, the majority of time spent around the $26800 mark with the occasional whipsaw to give the illusion of volatility. With price...

ProR35 Updated 

Last weeks high: $28610.2 Last weeks low: $25768.1 Midpoint: $27189.1 BTC dropping from weekly high at the start of the week to the lows in an almost linear diagonal decline, baring the anomaly of the CPI news Wednesday. Followed by a retracement back to the midpoint of the week after a weekend pump. The week has started positively by flipping the midpoint of...

ProR35

Last weeks high: $29840.1 Last weeks low: $28740.0 Midpoint: $27640.0 BTC broke diagonal support that started building throughout the start of last week and since breaking it price has continued to plummet. Currently price is under the 1h 200ema, price also looks to have confirmed previous weekly low as new resistance. Losing 26.9k would be very bearish in my...

ProR35

Last weeks high: $30063.8 Last weeks low: $28501.3 Midpoint: $26938.8 BTC starts a new month today. April is usually known as a bullish month for cryptocurrencies in general and although the monthly did close green, the market spent a lot of time chopping sideways inside our new range of 25.2-32.5k. The April candle could be a potential bearish abandoned baby...

ProR35

Last weeks high: $30480.8 Last weeks low: $28770.3 Midpoint: $27059.7 Last week BTC erased the previous 2 weeks worth of progress and finished the week at just above the 27k mark, considerably under the 1H 200EMA. The question is where does BTC find support? I've mentioned previously that the 25.2k area is an area I'm keeping my eye on, I would like to see it...

ProR35 Updated 

Last weeks high: $31062.6 Last weeks low: $29603.2 Midpoint: $28143.7 Having missed last weeks outlook (10/04) We had a very interesting week. Price rising to new local highs of 31k, before dropping back towards the 1H 200EMA nearer the midpoint of the weekly range all whilst respecting the quarterly ranges very accurately. The week has begun with a sharp...

ProR35 Updated 

Last weeks high: $29202.3 Last weeks low: $27844.3 Midpoint: $26486.3 From the volatility of the FED's FOMC announcement, the volatility has continued into last weeks price action in BTC. The 1H 200EMA had price ranging underneath it between the week low and the 0.25 quarter line. Once price had reclaimed 0.25 and had a successful retest, the 1H 200EMA was also...

ProR35

I find it very interesting just how well BTC can respect the quarterly lines of a range. You can spot certain price action patterns within the overall range but trading within the boundaries of the range can be very beneficial in a sideways environment that we find ourselves in. When range quarters are hit and coincide with oversold indicator triggers they are...

ProR35

BTC Jan-March: Quarterly Low : $16500 Quarterly High: $29200 77.32% increase Ytd 65 days spent above the 1d 200ema 25 days spent below the 1d 200ema Biggest daily drawdown -9.08% (March) Biggest daily increase 12.35% (March) JANUARY: High $24000 Low $16500 +46% FEBRUARY: High $25300 Low $21400 +0.94% MARCH: High $29200 Low $19600 %21.93

ProR35

By looking at the chart it's quite clear that BTC has 2 very distinct and important ranges. The blue range between 15.3k & 25.2k has been our home for the past 9 months, by splitting this range up into quarters on the 1d chart you can see that price on many occasions respects these given levels. The orange range is where we are now, we've broken up past the...

ProR35

My thoughts on a bearish scenario for INJUSDT. After a SFP (swing fail pattern) sees price come back into range and retest the previous high as resistance, as well as BTC slowing down its rally and losing momentum, this is when alts bleed heavily against bitcoin. INJ has an almost textbook Head & Shoulders reversal pattern that's broke below the neckline. For...

ProR35

Last weeks high: $28895.5 Last weeks low: $27735.9 Midpoint: $26576.2 A week of sideways action following the previous weeks strong rally. BTC has currently topped out at a local high of $28895, the volatility of the FOMC event in the middle of the week gave us a sharp decline before a retest of that weekly high in which it was rejected. With the estimated...

ProR35

Last weeks high: $28435.9 Last weeks low: $25136.9 Midpoint: $21837.8 Huge rally for BTC last week! pushed past a key level of 25.5k, a level we have been under since 14th June of '22. We are now working in the 25.5k - 32.5k range and it's important to secure price above the previous high. acceptance in this range should see us work towards the mid range at...

ProR35

Reasons to be long on rose/usdt . With a huge bullish divergence on the RSI 1H time frame . Bullish order block . Oversold RSI H1 Unfortunately for altcoins they don't usually move independently of BTC, especially when btc is bleeding it causes alts to bleed even more. With this in min this is a great long opportunity for a swing trade back up to local highs,...

ProR35

CPI came in as expected and so the orange path line played out almost perfectly. BTC on the HTF just printed a swing fail structure and therefor in theory should be bearish, however it's not so simple with everyone feeling that way about it we could get one last push up towards 28k beforehand.

ProR35

As the data came in, CPI at 6.0% YoY as estimated means that we get a priced in result. As I previously stated this result is priced in and is ultimately neutral. The orange path followed nearly perfectly, I did predict more of a bearish swing after breaking the previous swing high at 25.5k. We're back within range currently, maybe we get some late longers...