Remember my lovely 100-Day MA?
Let's hope #BTC hold up here.
Bulls should get at least a bounce (if not a reversal)
Ironically, #BTC topped out on the same day it did in 2021 - April 14th 😂
Structures are also somewhat similar
Do or Die moment for #BTC imo
1. We shouldn’t break this Upward Channel
2. Ideally we should close this weekly candle above the EMA100 & 0.236
🗯 I know some people are waiting for the MA200 retest and continuation to the upside.
As you know, I have the opposite opinion on that.
Break $26,680 and this mid-term rally is likely over
$QNT 2D chart
This Triangle doesn't look pretty, does it?
$QNT rallied 450% off the June’s low and has been forming this Descending Triangle since then.
I think we’ll see $QNT at $81 (0.786 Fib) and $65 this year
#BTC Update
This Triangle failed ❌
But nothing is lost as long as we stay above 27k
💡I think #BTC will hit $32k before it breaks $27k
Here’s what I’m talking about:
#BTC is printing a textbook Symmetric Triangle on the 4h chart 👀
Last test of the gray Horizontal (e) and then breakout to $32k 🎯
Fed hikes 25bps as expected
Back to where we were in 2006. And now the fun part begins
Tomorrow is a big day. I actually like that we’re dumping into the FOMC
However, the hype around meme coins is alarming
If you're wondering what's so special about April 14th
Now it makes even more sense 😅📉
The same indicator that confirmed the mid-term #BTC Bull trend in January flipped Bearish today
Do with this information what you wish.
✍️ Indicator flashed bullish just below 19k back in January and $BTC rallied +64%
Can my indicator be wrong this time? Of course it can. But in my experience it has an incredible win rate
Invalidation: 31k (slowly decreasing every week)
#BTC 4h
Strong bullish reaction I should say 👀
Swept the lows and closed above 27,700 like nothing happened
Binance experienced the largest withdrawal volume in its history after resuming Bitcoin withdrawals 😮
160,000+ #BTC has left the exchange worth over $4.5B
#BTC 4h update
Nothing special about the current dump, just (e) in the making
Final dip before the breakout 📈
Back in the Global Financial Crisis over 150 banks went out of business.
Today, 4 failures already equate to nearly the entire amount of assets financial institutions held during the banking crisis issue of '08 and '09 👀
✍️ Note how the number of bank failures historically has lagged vs. assets, meaning that bigger banks fail first, then a greater number of smaller failures come after.
2023 has already been the biggest year for bank failures by assets in US history, and the year is not over. A recession hasn’t even started yet. The rest of the year - the beginning of next year could be pretty bearish for the markets 📉
#BTC 1W
I don’t want to see a retest of the $25-26k level (MA200 + Horizontal)
If we’re bullish we SHOULD NOT test that level in May IMO!
Notice how brilliantly the EMA100 has been holding the price. Perfect support so far 👌
We must hold it in order to maintain the mid-term bullish trend 📈