cryptoculto

cryptoculto

To expand a little on my previous chart , let's look at the 1H. We can see we're coming from an uptrend. We see higher highs and higher lows forming after a series of up movements and consolidations, or down movements and consolidations. These consolidations are usually flags (chart pattern). We're are at a point where the current local direction is unclear. If...

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First of all, I must say that no one really knows who will end up being right. All we can do is remain unbiased in our analysis and hope that the market moves in our favor most times. There will be plenty of time when this won't happen. Now, in our case, if you remember my previous chart , I said I was officially bearish, yet price has moved against my...

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It's quite surprising to me to read so many influencers with huge followings on Twitter claim they are bullish, and even saying they are adding to their long on this "dip". I often think about the ethics of doing this. I'm not saying it's not possible we rally past $9200 and $10500 and confirm a bull market, but trading shouldn't be about placing bets, but...

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This chart shouldn't be considered to place any trades, this is just one of many speculative possible path the price of Bitcoin could take, but it's one I've been thinking about for a few days. Technically we're still on a bear market, and all you need to do to know that is look at the weekly chart. You'll see a number of lower lows and lower highs. This,...

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In my previous chart I said I was officially neutral (unofficially bearish), and that I'd become bullish above $9193 and bearish below $8450. If we zoom in we can see how the bull have held fiercely to the $8450 support level and now it seems the local trend line is holding too, which makes the bull side appear to have a slight edge, as the bears seem unable to...

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In my previous chart I estimated we would reach $9600 with the possibility of big dumps on the way. Well, we got close to $9200 and a big dump got us where we are. I also said that while it's not realistic to claim where we would be heading afterwards, there was a good chance we would head south. I'd like to see a little more volume and a little more bullishness...

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Just like I stated in my previous chart , Bitcoin has shown many signs of bullishness, and price have moved accordingly. We're getting near the moment when we'll know if this is a full trend reversal and not just temporary. The last time I estimated that the first target would be around $9600, and this is because we'll be reaching a zone of interest that has...

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Things weren't as clear as I thought they were in my previous idea . We're holding our ground in such way that a bullish outcome is not unlikely, but we'll find out soon-ish. I still think we'll be going sideways for a bit around this level, and things will probably get as exciting as dangerous once we reach the blue area around $8.4K-$8.5K. If you look and the...

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My previous idea was reasonably accurate, although, my target was not reached, but it got close. This appears to be the last attempt from the bulls, and it's looking pretty weak. The Re-test of the $7600 resistance as support could be the last chance to move up, but I'm not counting on it. I'm not a fan of the TD Sequential indicators, but for what it's...

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I believe the charts are painting a perfectly neutral picture, to say that the price will go up or down with certainty might be foolish, IMO. That being said, there are definitely some bullish signs: -Higher low on the daily and the chart pattern we see are the most obvious. -The 7700-7800 resistance levels have been retested a number of time. -The flag that...

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Some are bullish, some are bearish, but the truth is that no one really knows what'll be the next move. You could choose to take a bet in your desired direction, or wait until there's confirmation of which direction Bitcoin will take. While we don't know exactly where we're heading, many are expecting a violent move, and I suspect that will be the case, so take...

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As I kinda stated on my previous chart, bullish above $7660, bearish below $7050. Basic stuff. We have a potential H&S forming, but remember it's not a H&S if the candle doesn't close below the neckline, so we're still on neutral territory.

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Bitcoin it's hovering on the edge of a very deep abyss, but could potentially bounce back up due to apparent significant support. Crossing the $7660 mark would be a good confirmation and perhaps the safest long entry spot. A numer 9 on the hourly TD sequential indicator (not shown) and the chart formation (higher low) may not be too convincing, but good enough to...

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Let's try to think like the market makers. This is a potential short term setup, but not the only possible outcome by any means. In this setup, we expect sell stops to get raided under $6050, and then push the price higher, which could cause two possible short squeezes, which would push the price up even more. Could be good.

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The development of an inverse head & shoulders chart pattern could potentially turn into the bouncing point for Bitcoin -0.37% , but we'll have to wait and see if this will give it enough momentum to overcome the resistance around the ~$8000 level. From the current price level, we could see a drop between $5900 and $6250 to finish forming the right shoulder, and...

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I want to start by saying that I don't know when BTCUSD will turn bull, what I've written here is the analysis and the targets I obtain with the information I have. Daily Chart (left) We clearly got rejected twice around ~$6800 (double tops), which coincides with our previous bottoms zone, so it appears that our previous support is now resistance. RSI, Stoch...

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Breaking above ~7800 = good No breaking above ~7800 = really bad Trade safely, use proper risk management!

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Let's look at the weekly chart on the right. The first thing that we can notice is that the TD Sequential (or DeMarks) indicator is showing a red 8, and that a red 9 will form if next week's candle closes below ~$6400. A perfected red 9 would require a candle closing below ~$6150. Either one could trigger enough buying momentum to cause a trend reversal that could...