So yesterday’s selloff largely induced by the Fed non-news event saw a decent response by the bulls who have brought price back across 11400, having defended the daily low/support at 11300.
In context of the weekly chart, 11k appears to be holding as support but a close above the key 11500 support/resistance level would...
Side by side Asset performance:
- 2020 YTD
- 2020 Dump and Recovery
- Crypto Massively on top YTD
- SIlver best performer in class since corona
- Money flow to Crypo, Metals, Tech Stocks
- Industry lagging; oil , major indices
- Rekt: UK
Clearly defined Monthly ranges on the Bitcoin Chart.
A Superb recovery fo the price of Bitcoin but approaching major supply zone. Could see a climatic Fomo halving attempt across $10k which may prove too much for the bulls to close on the monthly and more time in the range 9.2 - 6.5 could be needed. It might be frustrating for the bulls but would provide a...
The Price of Bitcoin has continued to waft to the upside, elegantly respecting support and resistance at key moving averages and volume nodes.
A fundamental lack of sellers after capitulation has led short speculators to be squeezed as they either try to find liquidity to take profit or simply speculating short against real buy interest and continued profit...
This indicator uses On chain Transactions and Total Bitcoins to arrive at an under/over valuation.
You need to change the scale to Log, i couldn't work out how to do it, if you can tell me i will update the script.
With the world markets in Turmoil, Bitcoin has managed to bounce around 70% from its lows and we now find ourselves at round $7k at the time of writing. It makes sense to have a review of the market to see how things are shaping up.
What we currently know is that Bitcoin is trading below all the key moving averages and the yearly pivot, we know that losing...
Bitcoin lost the critical $9500 level and is now looking to retest an aread of confluence below namely:
- 200 day moving average at $8789
- The point of control of the whole move at $8600
- The 50% Fibonacci retracement level
- The 20 and 50 week moving average at c.$8500
- The CME gap.
In simple terms, i am looking to short a bearish retest of $9550 and am...
Bitcoin continuing to complete corrective phase to backtest $8k.
Pattern has repeated twice previously, both on the close, both to close CME gaps and both resulted in continuation into buying interest. See them attached for reference. Both made alot of money.
Weekly looks good to hold above the 20WMA which is critical on a macro POV.
Im interested in $8k-8.1k....
Nice Bitcoin pump yesterday but PA is miles from out of the woods.
Lets talk bull when these have been cleared:
- POC Resistane
- Diag Resistance
- Multi Week Resistance
- Monthly Open Resistance
- Weekly Open Resistance
Looking for a retrace to 6800-900 to see if we can get enough of a bounce to start asking questions about the resistance.
Bitcoin Failed at its attempted adam and eve meme reversal yesterday - was pretty clear in the OBV breakdown and now we have the POC lost and acting as resistance.
I am short from yesterday, looking for sub $7k prices before closing.
Logic is that although middle of the range there is quite a clear AB=CD objective to around $6800 which is also the 78.6% fib...
Hi Everyone – well what a week last week was, incredible stuff. For the second time this year Bitcoin made a move which left people completely stunned. Sure, the 61/8% retracement is a good place to buy and something we have been tracking for some time, but a 40% upswing in one day off the back of some China news is unprecedented even for Bitcoin given its...