So my previous analysis worked out perfectly. So whats next? Well, Bitcoin is trying to hold that 5700 level and RSI on 1hr is preparing for another maybe last leg up. The Tether FUD is not over yet. We saw delisting at IQFINEX for USDT, but nothing happend. Then again shorts are pilling up on Bitfinex. But think again, Finex will never allow them to make money...
So Bitcoin has fallen a couple hundred dollars. Was it inevatable? In my opinion, yes it was, we had to go south, we had to retrace a bit, before further upwards movement. BUT we see alot is going on recently. We see A bearflag printed, Most TV analist are Bearish AF, and guess what i can;t blame them, the teether fud, the bearflag, the hidden bearish divergence,...
Weekly resistance block is around 5200 usd. if we go there and find support then wbears have a last line of defense at the upperline. if we reach that and we will fail to push trough, then we can see low levels hitting the chart. If we follow the ABC correction, then we can go to 4800/4700. We have to hold the lower trendline for btc to remain strenght for the...
So yesterday i meantioned BTC going down, we'll that could still be the case, BUT we saw a little pump for BTC today. and we pumped untill $6680 and then went south. We are trading in the blue zone at 6647 at it's "highest" point we had the previous days. Bottom is around 6600. so we NEED to close today or the upcomming days above the 6648 level. after that we can...
A lot of people are yelling 6950 for Bitcoin, but I don't buy these stories. we are still very bearish and in my opinion we will go down eventually! Do your own analysis and don't believe those who are yelling this and that. Be patient as I am. I am still waiting for the drop to come. Patience is key I crypto and will absolutely make you a ton of money!!! Like...
Dear crypto friends, BITCOIN is currently trading in a bigger symmetrical traingle in a MAJOR downtrend. so my expectations for a huge rally are somewhat tempered. I don't believe we will go up because there is very low volume, and the market is still very controlled by bears. If we look at the chart we see the symmetrical triangle. a symm triangle is valid if...
Dear crypto friends, the past 2 days bitcin is moving extremely sideways. we are allmost at the red line (trendline) wich is very bearish. if we look at the chart we can see BTC moving towards a hidden bearish divergence, it will be a full hidden bearish divergence when the rsi goes up, and the price comes up a little bit. If that is the case we will in my opinion...
Bitcoin is currently in a battle. We had a pump yesterday to a low 6600 series, unfortunately it did not manage to keep it. This is not a problem in itself and was somewhat in line with expectations. We see that BTC has a little sideways trade the whole day at the green drawn line as support. If we keep this support we will most likely test the 6600 series again....
Dear crypto friends! Bitcoin is currently in a hidden bullish divergence. we continue to create higher lows. This is currently very positive. The fact remains that we have to keep this trend line. We see that the rsi is cooling down. In my view, we are going up a lot in any case. My expectation is the green fib line which is around $ 6,600. a little lower is...
Dear crypto friends, if we look at the daily chart we can see a huge ichimoku resistance cloud hanging above us. it is e preyy thick cloud that could really be a nice short oppertunity whatsoever. The range starts around 6845 and ends near the downwards green line. The previous time we went down, we only tipped the bottom of the ichimuku cloud and BOOM we went...
See this nice hidden bullish divergence? Check it out and enter your long position at around 6400 close until 6475 or 6500
Guys, check the downwards channel we are following right now, very nice shorting positions at the top of that downwards channel.