AdrianoCelentano

AdrianoCelentano

Multiple bearish divergences could signal the end of this rally, we know BTC is due for a correction, we just don't know when is going to happen, however every day is getting closer and closer as all indicators start to signal it.

AdrianoCelentano

I would not be surprised if bitcoin goes to 35k for a sanity check. According to my bitcoin market cycle mapping, we are still in accumulation phase which means we should not expect BTC to perform like a bull market, as obvious as that may sound, and we should be expecting strong corrective actions on price at any given time. Watch your investments ! mainly...

AdrianoCelentano

Multiple touchpoints to the supply zone, we don't really have too much history on this one to really expect this to be a mayor resistance zone.

AdrianoCelentano

I closed my previous long at 47 and opened new positions at these entries. currently on profit. I am continuing to be bullish for various reasons. MAs in alignment, 50 MA bouncing on current trend, BTC is also attempting to break an important resistance and 100MA from the daily. entries at: 46 45.50 44.50 Targets: 51 58 65 Do your own research !

AdrianoCelentano Updated 

I have a couple of reasons to think that bitcoin will correct 5% before breaking to the upside. 1- We bounced at 0.5 of Fibonacci ratio but got rejected by the 50MA. 2- We have been attempting to break the 50MA with very low volume, market appears indecisive at this point. 3- 200 MA is currently lining up with the trend marked by the previous 2 lows. 4- If at...

AdrianoCelentano

I've been studying this rounded bottom and its important demand zones, already taken some profits of an entry I did earlier. I want to share new entries as trend continues to be bullish and becoming parabolic. Currently sitting at 200MA support and only waiting for confirmation of this being the new demand zone, if this happens we can almost guarantee a breakout...

AdrianoCelentano

We are outside of the channel and fractals I was talking about, however, we are respecting a more "traditional" resistance level at 30~31k which will be very important to hold. Bitcoin closing today above 31k will be important to define if we are at all reverting the trend. Good luck and be careful on positions you open at these levels !

AdrianoCelentano

Have you noticed this hidden channel no one is talking about? It matches perfectly, I don't anticipate any more downside. Bulls should take control here, and this also goes in line with a current indecisive dollar index gearing up to a massive correction.