fawaz1982

03:37

fawaz1982

What levels to look for entry on this BTC correction? 42500 41300 39500 are all healthy corrections, below that starting with 37700 I will start to think this was a retracement or we are moving sideways for some time

06:03

fawaz1982

What to look for to anticipate BTC's next move ? 46k to 47k is a very critical resistance area that if we break out from i will be bullish to see BTC form new highs, otherwise we might move sideways between 45k and 33k for some time

fawaz1982

beautifull cup and handle on ONE with target at 0.4$ ideal entry after we successfully break 0.23$ Good luck Not financial advise

fawaz1982

I previously posted that this bullrun is over, i was too quick to judge. after reviewing on chain analysis and the fact that BTC is at very low supply, i think this run still has a chance. we are in the middle of ABC correction from 53k to 43k (A) from 43k to 48k (b) and now we might see a C wave going down to 38k. I dont invest in bitcoin but i placed some...

fawaz1982

Am all out of the market, I strongly believe the run has ended. I advise you do the same untill we see a new bottom. could be 32k or less

04:26

fawaz1982

We are currently in ABC correction, am expecting price to rally up a bit to 48k maybe even 50500 then crashing to 37.7 k with a long wick to 32k We also have strong bearish divergence on the daily time frame of BTC on RSI and MACD similar to what we had during the may crash

fawaz1982

If bitcoin fails to break its current price level 47500, it could be drrawing a bullish penent, then we could see its price drop back to 44 levels. but i will not be alarmed unless we breakdown from 44k. because the most likely outcome of this setup is eventually a breakout to the 50s. This setup is synonymous with Phase D of Wycoff accumulation theory.

fawaz1982

analysing the ascending wedge of BTC dominance, I estimate the All time low BTC dominance to reach 31% Since most estimates puts BTC around 120k by the end of this bull run that would place BTC market cap at 2.25 Trillion And the Total Market cap at 7.5 Trillion Just playing with numbers :) So don't get scared off by this correction, we might revisit 38k....

fawaz1982 Updated 

I still think we have a major correction incoming, indicators are full of bearish divergences on all time frames and am not comfortable with the state of the Market. There is a 60% chance am wrong but am staying out for now and protecting my gains. Stay safe.

fawaz1982 Updated 

MATIC has a huge inverted head and shoulders pointing with target 1.7$ waiting for retest of 1.2 $ to enter I expect Eth to correct soon since it has been on the longest upward streak without any corrections, i expect the take profit money from eth to flow into matic taking it to new highs until Eth resumes its third wave upwards. Best of luck Not financial advise

fawaz1982

I see a high possibility of a strong correction in price as we have reached the top of our channel, ofc we can breakup from the channel but i sea a bearish divergence on the 4hr which is a weakness in the upward price action, so i think most likely we will see a correction to 42600 ( hopefully not less) before going back up to 52k. I am selling all my coins on...

fawaz1982 Updated 

A great project with great potential and a long term hold for me (not financial advise) if we break 3.75 and retest successfully this GEM is about to fly. 5.49 will be my first take profit point but am a long holder till 29 ;) DYOR

fawaz1982

As you can see we have broken up the down trending line towards the last barrier between us and the rest of this bull run (the daily SMA200) @ 44800 its normal to test it many times before breaking it upwards. market makers will also try to shake weak hands before crossing over (don't be scared away) hold on and relax.

fawaz1982 Updated 

KSM just finished a nice huge cup with target at 340$ Last time bitcoin was at 41k ksm was at 540$, am expecting this beast to be on fire for the next few days after we retest 240$ successfully and confirm upward price action, my targets are 304 349 394 449 540 Not financial advice DYOR good luck

fawaz1982

BEWARE VRA HOLDERS, we might see a correction soon we are on the bottom border of an ascending wedge i suggest a stop loss at 0.0182 stay safe

fawaz1982

ENJOY THE RIDE ! CHR should start to move by 9th of August upwards after consolidating for some time at the bottom of the rising channel. expecting it to revisit the top of the channel at 0.52 take profits on the way DYOR

fawaz1982

The breakout from the wedge was weak, I expected the rebound not to be spring like upwards. in this case we are looking for some sideways movement before moving upwards. as long as we don't cross the black support line @37700 we will be fine.

fawaz1982

expect to see an amazing month for the crypto market lead by BTC. ABC correction will come in late august or September so watch out and best of luck to all.