unknownstranger

10:11

unknownstranger

Sharing my view on #bitcoin as many are asking where would the price go. Also this is good time to start DCA if you are not doing it

unknownstranger

CME expiry did not make much impact on pricing, Both Weekly and Daily candles are reflected neutral/indecisive candle structure. I'll be looking at how RSI will be working against the trendline resistance.

unknownstranger

Within the week there was change of sentiment which we can consider due to some positive news coming in comparison to start of the month. As we are still pending CME expiration, I will stand with my bear bias for now on. RSI in daily timeframe did not make a oversold, which took me by surprise. Given the amount of negative news, not making a oversold reflects...

unknownstranger

As usual, I'm looking at multiple time frames for BINANCE:BTCUSDT . Since Week 21, when I last posted in here. I have been in bearish outlook. Seems recent turmoil was supporting my bear bias. Still I did not see a oversold RSI in daily time frame. Hence I expect bearish outlook to continue as we are bearing a CME close for a month and quarter. Hence I'm...

07:23

unknownstranger

Just an extension to what I publish earlier this week. My mic is not the best, so bear with me please.

unknownstranger

Bitcoin Halving is the supply reduction event which occurs every 210,000 Blocks until all 21 Million coins are mined. At genesis, there were 50 Bitcoins minted each block. Each block takes 10 minutes hence it would take approximately 4 years to mine 210,000 blocks. First Halving occurred on November 28, 2012, at block height of 210,000. Afterward Block reward...

unknownstranger

Indicators and Drawings Used Channels are used to understand key levels and movement trends. Volume is used to understand if it’s bullish or bearish movement Daily EMA used as the key trend indicator with readings of 13 and 21. In addition in lower time frames the same EMA of chart interval is used. EMA is a lagging indicator. RSI of 14 is used as the oscillator...

unknownstranger

Indicators and Drawings Used Channels are used to understand key levels and movement trends. Volume is used to understand if it’s bullish or bearish movement Daily EMA used as the key trend indicator with readings of 13 and 21. In addition in lower time frames the same EMA of chart interval is used. EMA is a lagging indicator. RSI of 14 is used as the...

unknownstranger

Indicators and Drawings Used BINANCE:BTCUSDT Channels are used to understand key levels and movement trends. Daily EMA used as the key trend indicator with readings of 13 and 21. In addition in lower time frames the same EMA of chart interval is used. RSI of 14 is used as the oscillator indicator. Monthly Chart Price Action April has an indecisive...

unknownstranger

Wall Street Cheat Sheet Psychology of a Market Cycle is a very famous one among traders and investors. While this sheet was made with the intention of Stock Market, I see it's been used much in Crypto world as well. In this chart I try to plot the respective psychological stages in the chart it self based on my interaction with local traders/investors. This is...

unknownstranger

CME Gap: These are price windows which are created due to price fluctuations on weekends where CME is closed but Bitcoin is still active. We had 2 major unfilled gaps from the 2022 down trend. This week one of those gaps from 2022 June is now filled while the gap from May is still pending.  Also there was a minor gap created in December which was cleared this...

unknownstranger

Recently I added VRVP (Volume Profile Visible Range) into my Support and Resistance BTC chart. Something I found interesting in this was the Point of Control (POC) Previous cycle ATH is the most active price point for trading engagement. This provides me a fundamental insight that there were a lot of investors/trades were expecting retest of previous ATH. This is...

06:15

unknownstranger Updated 

Let have a quick look at what happened to $BITCOIN last few days! Were you aware of the CME Expiration which happened on 24th February? if not please check my CME Expiry threads (2023 August is linked to this post ) If you like to know more about Bitcoin and Crypto come join in our local groups (Only for Sri Lankans)

unknownstranger

BTC Price - Last week we saw a 20% price rise in bitcoin BTC Dominance - In comparison we saw a 4% increase in dominance

unknownstranger

As of now BTC is in a very indecisive accumulating path for last 4 months. I'm expecting BTC to provide a clear direction by end of the year. Bear Case: If ECONOMICS:USINTR keep going up I expect both OANDA:XAUUSD and BTC to drop down. Expected support level for BTC will be around 13000 - 14000 range. This area has been a sell zone in previous bear...

unknownstranger

CME Futures for BTC will Expire on 26th August 16:00 UTC. Since mid June price has been ranging near the previous bull cycle ATH. So this can be implied as a retest of ATH by technical aspects. Last July, we saw a price dump closer to expiry week and then a quick pump again by closure of expiry week. This august we see similar price action so far. Currently the...

unknownstranger Updated 

BNB/USDT is down ~60%, while BNBBTC is closing on it's ATH This is an opportunity to take profit via BNBBTC pair if accumulating more BTC is your strategy

unknownstranger

After 6 months absence, going to start my monthly thread on CME:BTC1! I have updated the monthly direction table for last 6 months. Even during a major bull run majority of the time CME Week was showing a weakness. However for last 6 months, CME week is showing a more of a ranging performance followed by weakness. CME Data: Trade Volume increasing while Open...