tspj2000

tspj2000

Bitcoin is back below 60k again. Bullish scenario would be a reclaim of 60k and a weekly close above. If we close the weekly below 60k I'm looking at 53K as the next area of support. Bearish scenario would be losing the bullmarket support band and 50-53k. Conclusion: We are still in a bullmarket

tspj2000 Updated 

Bitcoin has recently finally broken out of the 42-30k range with a nice price increase afterwards. Currently facing HTF resistance @48-50K, we brake this big resistance we could see new ATH's. If we get rejected hard we are back inside the range of 42-30k again and we consolidates some more. Bullish scenario: Weekly closes above 20W and hold it as...

tspj2000 Updated 

Dogecoin is close to breakout on USD and BTC pairing

tspj2000

Keeping a eye on loopring it has a clear trendline that can broken in the next 3 months if it holds the support below.

tspj2000

Stratis has been in accumulation/range bound for more then 800 days at the moment. The risk is very low the reward huge imo.

tspj2000

Bitcoin has been going sideways for around 3 weeks now and holding above 30k and below 40k wich is a good sign. The bad sign is the weekly candle, at the moment it is below 34.700 wich means a lower low . We still have 5 days before the week closes so there is still time and room for bitcoin to move back up again above 34.700 . If not it would not...

tspj2000 Updated 

Bitcoin broke out downwards through 42k. It looks like daily close will be below the 200d MA so right now I'm looking at the next heavy support between 30-35k and also at the 50W ma . It has been a rough week but this could be very bullish news. The hashribbon is very close to flashing BUY . Last time this happend we had a big price increasement so I...

tspj2000 Updated 

Bitcoin has held the 128d MA for a little time. But bitcoin didn't see a bounce or much volume on that level. Right now we are under the 128d MA on the hourly timeframe, on 13may the deathcross has been formed and there is also a possible bearflag forming wich is a bearish pattern . I'm looking at the support zone between 45-42K if it closes...

tspj2000 Updated 

Bitcoin was looking very bullish because of the goldencross a few days back. But now it is about to form a deathcross because of the redline (50ma 4h) crossing the greenline (200ma 4h) from above, wich is a bearish pattern. The 100D MA is the first support to look for because we held that previously. If we break through that support you want to look...

tspj2000 Updated 

Ethereum broke out to the downside of the rising wedge . It's still above the EMA ribbon so it can be a beartrap. But there is a good chance it will get rejected because a rising wedge is a bearish pattern trying to re-enter the wedge what results into a drop in price. Technical price target if it gets rejected: 3150

tspj2000 Updated 

Bitcoin is moving sideways for some time now and also forming a triangle. It is close to get a crossover with the 50D 4h MA and 200D 4h MA . If the crossover happens then the bullish golden cross pattern has been formed and a big price increase will take place, you can look back to previous golden crosses on the chart. But this doesn't mean we can't get a...

tspj2000 Updated 

We bounced on the 100d MA. That is a good sign for bitcoin, currently we are trying to break 54k. If we break this we are back in bull territory on the daily timeframe. Bearish scenario is that we can't hold 53k then it is possible we drop back again to 46k.

tspj2000

MACD has been crossed on the weekly timeframe this is a bearish indicator.

tspj2000 Updated 

Bitcoin right now is in a correction. You can't really predict if the bullmarket is over or this is just a correction . I'm looking for support at the 100D ma if not then the 21W ema as really important support. If we can't hold the 21W ema I will be getting more scared. If your investment strategy is DCA or for the longterm you should not panic at all...

tspj2000 Updated 

Bitcoin is forming a bearish pennant. You can identify a bearish pennant by the sharp drop into the flag. Bitcoin is looking weak at the moment, if it can't hold 55k and keeps closing below 55k it would not surprise me if we expierence another drop to the 50k area.

tspj2000 Updated 

After six months we have closed under the 50d moving average again on the daily timeframe, last time was in october 2020 of this cycle. If you look back to the bullrun of 2017 you can see after we closed below this 50d MA we got a correction. If we are closing today below 56635 we are under the 50d MA again. As long as we hold 55k as support I don't see anything...

tspj2000

Lately we have seen a decline in volume wich is not good and also the blue MACD line falling from above. If we keep going like this it will not be very long until it crosses with the orange line. We need a increase in volume again to keep continuing making new ATH's if not we will see a cool off period.

tspj2000

In the short term bitcoin is forming a bearflag. We need to hold the 55k level or we will drop lower to around 50k where next support is.