Toni_G21

Toni_G21

A massive falling wedge can be see on the daily chart of Bitcoin. Right now price is sitting exactly on the support level of it and if 24-27k holds in the next weeks, then I expect higher prices to come in June and July to come for Bitcoin. Targets at least 40k in the next impulse. The stocks bounced hard last days, while BTC is still lagging. Very likely the...

Toni_G21

Hi everyone. Gold has been trained inside an ascending channel for almost a year now. It shortly deviated above two times, once due to the crypto selloff back in May 2021 and once in February due to the war in Ukraine with Russia. Those levels have been good sell the news events for gold. Price now has retraced at the bottom of the channel recently giving a good...

Toni_G21

Hi guys. Here are my thoughts on BTC: on H4 it just broke below the main level of support. Price is now testing it as resistance. Previously it failed to close above 30.6k and now it has retraced back to 28.6k. I think despite that despite the bullish impulse we saw recently with the SP500, Bitcoin will still not manage to catch up and drop further down to test...

Toni_G21

When price moves from A to B, it rarely moves in a straight line. To get from A to B, price moves in that direction, retraces a little, then moves in that direction again. Why does that happen ? 1. Natural supply / demand dynamics The further price stretches up the less buyers join into the move. After some time whoever wants to buy already has bought. The...

Toni_G21 Updated 

I think BTC has one more small push to the reversal zone around 41k. It could get there today or next days, but it will be very soon. Once it gets there, it will be ideal to enter short and wait for prices to reach the weekly demand zone in May. Ideally May should be a local bottom for BTC, before it rallies to the 50k levels to complete the B leg of the ABC...

Toni_G21 Updated 

Next week BTC can likely pump all the way to 48-50k range, from which it will trap investors into believing the bottom is in. Price has until now been rejected couple of times at the 50 W MA, closing below each time. Without a weekly close above the 50 WMA, the move will be almost guaranteed a bull trap. Be careful out there next weeks.

Toni_G21 Updated 

We are seeing a repetition of the fractal pattern of some months ago. Price pushes into resistance, stays there for couple of days or some weeks, and then falls down back in the channel. No breakout will happen as long as ADA - Stays in the channel, without closing above on the daily; - Is below the 100 D MA. Be prepared to buy the dip in Summer.

Toni_G21

I’m seeing with a high probability that the market makers will try, after the market has been in a bearish down trend for over 6 months to reverse the price action and take the price up between June and July. I expect therefore to see a small short term powerful rally in crypto, likely starting after June 8 with a high in July. From there, the macro chart is...

Toni_G21

Good day traders. Already we can see that on hourly chart BTC has been completing the first phase of a Wyckoff Accumulation Schematic. Price made a preliminary support on May 10, where substantial buying began. Shortly after on May 11 the selling climax happened, at which heavy selling was done by the public and absorbed by large professional traders. We are now...

Toni_G21

Price is getting closer to a major support zone (0.49-0.55$). This is a KEY level for Ripple. There are two options price can move here forwards. First option is we see a consolidation at this level until June and the a bounce with the rest of the crypto market. XRP should then move from 0.49-0.55 to about 0.70-80$, giving a 50% return in 1-2 months. Second...

Toni_G21

I’ve been looking at similarities between the current price action and the ones of the past with BTC and I’ve noticed a similarity between today and October 2019 - March 2020.Firstly, this is all based on the movements of price around the 200, 100 a d 50 moving averages on the 3D chart. Overall, the main point to take from this pattern is that - Bull Trap to 50k...

Toni_G21

Hello traders, Bart Simpson pattern is definitely now an established pattern to look after when trading Bitcoin. The straight pump, followed by the ziz-zag range and then dump is not a meme anymore, but an additional chart pattern in your trading arsenal. Trade carefully and enjoy the development of the next BTC move. Until next time, Toni

Toni_G21

The fate of BTC will be decided next move. Either makes it or breaks it. There is no in between. 50 weekly moving average is acting as strong resistance. My bet is on fake move into April, followed by a strong correction to 20k levels. This will be the max pain route for retail. Smart money always plays dirty.

Toni_G21

Predicting the future is a powerful tool. Having an idea of the general direction of events can give someone the possibility to estimate in advance how to best position himself in the present. It’s what we humans to it all the time in the present moment to survive. “How will he/she react if I’m going to…?” “What will my investment be worth if if I buy/sell…?”...

Toni_G21

$39k is a pivot point. Price bouncing like a ping pong ball from one side to another. Range is clearly defined. Will likely take out Monday highs on the weekend and correction over the next week with a retest of the midline. Choppy moves to continue.

Toni_G21

History is rhyming with the past in this moment. Price has dangerously approached the 200 3D MA and it's ready for a big move. The worst is yet to come with a 30-50% correction similar to 2018 and 2020. There is no other option. Brace for the impact.

Toni_G21

Below 200 D MA is bearish. There is no strong support until $0.40. 50% correction from now is inevitable.

Toni_G21

Last weeks candle close was extremely important. Price went all the way to 46k only to close at 38k again. This shows that there is still lots of indecision in the crypto market and that a possible rally is still unlikely to happen soon. In comparison to summer or October, Bitcoin lacks momentum strength. Every weak close is a sign of weakness, indicating that...