botfatherr

botfatherr

The long term indicator shows some reaccumulation signals in the current range between 36k - 41k BTCUSD. This does not happen very often..

botfatherr

The next weekly resistances and the upside potential I see for HOTUSDT.

botfatherr

The resistance levels and the upside potential I see for ICPUSDT.

botfatherr

SHIBUSDT hasn't had its breakout of the almost 3 month consolidation range yet. Also, we are even almost on the bottom of the range which could make up a good long to the top of the range first.

botfatherr

It seems like BTCUSD is due for a correction after it's run from $29k to $50k (74%) within one month.

botfatherr

We could take out the ATH in one run and then retrace hard, followed by take profit dips around $100k.

botfatherr

The hash ribbons indicator shows a buy signal which usually leads to weeks and months of upside. The last time the signal appeared, BTCUSD rallied 250% to the most recent ATH of $65k.

botfatherr

I could imagine having a final push to $50k $BTC on Monday, maybe similar as on the 26th of July, followed by a small consolidation and dip to the top of the last range between $40.5k - $42.5k which is then quickly bought back up.

botfatherr

The Daily Indicator turned green. This is a very bullish signal that could lead to a sustainable uptrend for the upcoming weeks and months. The last time the signal was fired, we saw a rally from $8k to $64k.

botfatherr

The question is, are we still in a range or is the accumulation over? For now, we are still in the accumulation range and The Daily Indicator did not flip bullish yet. It will be an interesting week ahead.

botfatherr

If we would repeat the short bull run from March 2019, where we left the accumulation range around $3k and went straight up to $14k, we would end up around $100k by the end of October this time. Of course nothing will repeat 100% but maybe we have finished the accumulation as well and just go higher from here.

botfatherr

At least on Binance Futures such a candle was possible. It's called short squeeze and happens if bears have to close their short positions, often induced by a cascade of triggered stop losses. Do we have finished the accumulation this time and start a new sustainable uptrend? i don't think so. Daily closes above $43k and a retest of the accumulation range would be...

botfatherr

In case we are leaving the $30k range, I'm watching these levels.

botfatherr

HOTUSDT has some upside potential after 3 months of downside to say the least.

botfatherr

I don't use the hash ribbons indicator but it's interesting to see, that the downward trend of BTCUSD might come to an end.

botfatherr

AVAXUSD is a sleeping giant. Once BTCUSD gets going, we will see fireworks for this one.

botfatherr

The daily chart for AXSUSDT looks exhausted imo, a 50% retracement before continuing the uptrend wouldn't be unusual.

botfatherr

The Bot is long on AVAXUSDT.