Cao-Coins

Cao-Coins

Zoom out, tune out all the noise and just look at this simple trend line on the log scale. BTC is clearly on an uptrend since March 2020 crash. Even the 55% drop back in May 2021 did not break this trend line. Consolidation periods like this are good for the price long run. I do believe that lengthening cycle will play out and the peak has not been put in yet....

Cao-Coins

The level that BTC needs to close this week at to remain fully bullish on the uptrend is around $60k (not 64.8K like many people think). The reason is that just under $60k was the weekly closing price back in April before the crash started to happen. If BTC can manage to have a weekly close above this level, blue sky is ahead my friends. RSIs all multiple time...

Cao-Coins

Bitcoin price is trying it find itself again after the crazy drop in the price last week. I am sure you have heard this a million times whenever BTC price is below the 21 weekly EMA it is relatively bearish and typically during that time it is very risky to invest in altcoins. Bitcoin seems to be supported by a very important macro trendline that dates all the way...

Cao-Coins

Wow what a crash we experienced yesterday on May 19th, 2021. BTC seems to be holding the 200 Day MA for now (even though we breached it badly during the major crash). However, the 21 Weekly MA is the line in the sand that will determine the directions of this market in the next 3 to 6 months. As we have seen in the past, whenever BTC went below the 21 Weekly EMA,...

Cao-Coins

Hey Guys the TESla news is nothing but FUD. I am somewhat glad that the price is testing the 21 weekly EMA right now . Last bull cycle we tested this moving average multiple times until the blow-off top. I believe that we are no where near the top according to macro data. Therefore I am happy to buy any dip presented to me. On the smaller time fame the price is...

Cao-Coins

As ETH is getting stronger. I feel that the momentum of ALTs will continue to form higher. LINK is currently in a falling wedge. Expecting to break to the upside soon.

Cao-Coins Updated 

BTC is forming a bull flag at the 1 hour time frame. Target is $58K if it breaks out and confirms.

Cao-Coins

Double top on the DXY. It coincides with endless money printing. SHORT.