skd1

skd1

Using a relatively simple but power approach with Fibs at the monthly linear chart of Bitcoin, with its prices closed, we should spot the level we are near to. Slightly above fib 0.786 which is an actual deep correction for the asset like Bitcoin and powerful support. The interesting part is that the bottom of the bear market in 2018-2019 was exactly at that level...

skd1 Updated 

Hello, everybody. Looking for personal clues what is going on, I spotted this formation on the daily momentum oscillator and it looks pretty curious and promising. I don't know if it would work for something but anyway I will keep this in mind in addition to everything else. It is something to be considered for our possible main trend. Good luck.

skd1

Near $ 18 300 for now. Until we are in this market structure, we remain in an uptrend. A week resistance ahead between 18 700 and 19000. Another test of ATH is possible if BTC gains back its positions over 19 000. A fall under 18 300 could mean confirmation of the bearish divergence and could throw the price down towards the 17-ish thousands levels. Good luck.

skd1

Looks bold today facing some resistance from the highest monthly cpr level. We have to overtake it to turn it into support. I really hope this time our favorite king coin won't be doing any mischiefs. By doing this It promises to be a good boy this time. :) Take a close look at this resistance level, and both support lines below of 9450 and 9300. Good luck, traders!

skd1

Bitcoin managed to do a nice push to the upside above both 20-day EMA and the daily EMA Ribbon which is a very important moment. Also, it is holding its ground to the lower support line of the bigger rising channel than heading to the downside within the smaller falling channel formed since June 2020. Could it test at least 9.8K resistance? If all that is not some...

skd1

9th TDS daily candle appeared, like on December the 17th, combined with the long-term hash ribbon buy signal. Not bad momentum on stochastic and we hold stable support above 9K. I think there is a good chance for an uptrend or trend reversal if we brake the falling channel since the 1st of June, currently around 9200. This is just my personal opinion, not a trade...

skd1 Updated 

Gaussian channel is starting to flip red. Soon expecting at 4H. You can see on the left what happened last time when it first started changing cycle. The situation looks to me very alike. Plus, resistance by the 200 EMA at 4H and 50 EMA at 1D. On the top of it it has been pushed out of the rising channel which is another level of resistance. Short from here to be...

skd1 Updated 

We still have not retraced to Fib 618 which is a very important level at least, so relax, take your seats, and make your limit orders. Bitcoin must do it, otherwise no matter what bullish would come next time as anticipated, I would be deeply concerned if it would have any natural foundation at all.

skd1 Updated 

These are my target ranges where I will buy with all of my money. Until then - short, short and short again. Sorry, whales, if you want bull power, you shouldn't be so cynically greedy! Because small fish when in big numbers could be a really strong support. You dump and pump shamelessly overnight before we who really value the Bitcoin and want to long it even get...

skd1

Just a random drawing on my 1-day chart, I am not making any claims to be precise, true or whatever. Just made me reconsider some things until further development. I'm not a Pro but always trying to keep my tactics in a strategy. I don't know if this could prove valid but I am still very careful in mid-term. Bearing in mind the world pandemic situation (and...