Since the 7th May moved between 30k and 40k into a range, that have accumulation properties. And last week got rejected from the 30k area on absorption of the heavy supply that occurred and printed a upward hammer showing it. From the smaller times frames, broke upside the 34k zone and retested it not breaking it for after rejecting it aggressively showing signs...
Expecting a move back to 0.26 a next target, and even 0.28 on maintained demand. Stop in action happened in last June at 0.24 and failed to break under it since and then made a little HH upside 1.245 for retesting it after holding above. so no reason for me to look for sell position right now
Failed to break upside 34 600k area since this morning, and signs of demand weakening and supply presence at the touch of the zone. Expecting a retracement downward to around 33 800k btc looking like poop right now Still expecting now to go test 40k, again, eventually. Keeping on playing in the range we have been it
Supply has been in power for so long, failed to break upside 0.75. Break under 0.70 gives us even more comfirmation
Expecting a move back up to 156. and even a break upside of it long-term, making us consider the 164.-165 area ( even the 180.if ) . Not looking for any sell long-term unless would break back under the 150-155. area. Still expecting some retracement to 140. before could do this so basically if breaks under 150.; next target 140. if break upside 155.; next target...
Monthly; In May'16 price broke under 1.42 on heavy supply to drag it down till a stop in action happened in Oct.'16 reaching the 1.17 area. • Then from the Oct.'16 till Junuary'18 moved back to the 1.42 area on struggling demand for spending 4 months there and moving back down again after failures to break upside. • In April'18 till August'18 moved upward and...
Gu obviously going down long term with great trading opportunities but really tired so gonna post the whole analysis in a couple of hours
Long-term move back to 0.18 eventually Now expecting some retest of 0.25 then seeing it dropping again, considering 0.22 as next safe take profit target area. n the weekly we can see that even if supply was absorbed around 0.18 when it touched it in June'21 it was so heavy that I expect more test back to the zone. On the daily we can clearly see how price...
Demand has been in power ever since the last December when it touched 101. Then from there till last March demand moved with price to the 112. zone Then made a retracement to the 104. Area and showed some absorption of supply at the touch of the area for after rejecting it on SOS Break upside 111. Will give us more comfirmation even more that moving to the next...
Expecting it to go back to 33k and looking for sell entries, as long as it doesn't break upside the 37k-38k area, and especially if stays under the 35k zone. Presently staying under 35k. On the 4 hours; Expecting some maybe tickling of 35 500k, but still a move down overall. But for now since it touched the 37k area yesterday, it moved down under the 35k-36k...
Expecting rise to 1.26-1.28 weekly; After supply has been in power for so long, demand started showing power ever since the week of the 24th May'21 and had kept increasing after that showing more presence, especially after it broke upside the 1.21 area. On the daily - From the 15 June to the to the 16th June price moved up to the 1.25 area on increasing...
Expecting a retracement to 92.5 then see how price reacts moving to the zone. There till i can see it i expect some movement down and weakening of the demand when reaching the 92.5 area. Considering that i expect a important retracement down for the cryptos market, it makes sense
Refers to previous idea. Price did break under our zone with supply remaining in power. Which gonna triggers more sells so more supply, so more test of support 30k -32k area
Absorption of demand at retest of 1.198 zone after break under it with bearish engulfing.
Eventually still expecting it to go to 48k ( break upside 40k would give us more confirmation), but could play more between 35k and 40k before) Rejected at 36 800k with weakening of demand, which makes me be prepare for a retracement to the 33k area, especially if break under 35 300 on a SOW also prepare for any break upside 36 800k
Weekly: - 17/ 05 /21: after a drop downward, a stop in action happens at the 30k-32k area. - 24/ 05 /21; Make some test upward to 34k and show demand absorption closing on a kind of upward hammer and fail to break upside the zone. - 31/ 05 /21; Again as the week before. Failed to break downward 32k -07/06/2021; Then after 3 weeks of failing to break under 32k,...
Been absorbing supply at the 28k-30k even since the week of the 17 May'21. Buy have failed to break upside ever since after many retest of it in reason of how the supply has been and remained in power ever since the touch of 60k in last March On the week of the 14 June it closed on a rejection of the 30k area with supply absorption, but that supply was pretty...