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$SOL 4h
The final 5th wave is coming 📈
I think we’re gonna grab that liquidity.
BTC/USDT analysis 📊
1D Time Frame ⏳
➡️ Today is a correction day for BTC with the price losing almost -20% intra day so far.
➡️ The drop has been contained exactly on the 0.5 Fibonacci retracement level, just below the 1D MA50, confirming its importance bias.
➡️ If BTC manages to close the session above it, it will be a buy opportunity similar that the 1D MA50 gave from October 2020 until the April 14 2021 All Time High.
➡️ If not, then the 1W MA50 (bold red trend-line) is the next support line.
➡️ The next Fib to fill is the 0.786 at roughly $54,400. A break above that level, brings BTC to the final barrier before the ATH , the High Volatility Cluster of $53,000 - $59,700.
BTC analysis
I believe we are not done with this pullback until the CME Gap is filled
The 200-Day EMA is coming right there + the declining resistance trendline from last year’s high
A retest of that area will be pretty textbook
💭 It’s just a pullback inside a bigger bullish structure
⚠️Time to be cautious since there is a TD-9 Sell on the Daily BTC chart
📌This indicator has been pretty accurate at calling local tops resulting into 5-20% pullbacks
If we don’t manage to close above the resistance level today, this will look like a perfect top
In addition, there’s a decent gap on CME BTC Futures at 9925-9645 + Funding on BitMEX is pretty high, which incentivises a Long Squeeze
ETH update
ETHUSD reached two levels of interest ($225 & $210) that we pointed out on February 12th and bounced off of EMA50. Those were great levels to buy some ETH.
Ethereum looks good as well as BTC
#AGI ( BINANCE )
BUY : 0.00000240 - 255
Target 1 : 0.00000290
Target 2 : 0.00000340
Target 3 : 0.00000420
Stop Loss : 0.00000210
What a start of the year for Bitcoin!
Look at the hash rate. On the first day of 2020 BTC hash rate hit a new all-time high! That is impressive
Dec. 17, 2017: BTC price - $19.6k
Hash Rate - 14,630,524 TH/s
Jan. 1, 2020: BTC price - $7.2k
Hash Rate - 119,353,780 TH/s
💡The hash rate is incredible, because from the all-time high of 20k to today the hash rate is up more than by 700%. Could you think of anything more fundamentally bullish for BTC than the hash rate being 700% more than it was at BTC all-time high?
BTC weekly chart
The weekly candle closed like a bullish hammer and the price even managed to close above MA50. EMA100 held the price and that long wick below it is pretty bullish. It looks like a reversal, but here is the thing:
Look at that poor volume of that weekly hammer candle. It’s not even close to what we had on the week of Nov. 25 when we established the ultimate low at that time.
💡This fact suggests that this can be nothing more than a relief rally within a downward channel.
📌What can prevent it from being a failed rally attempt is breaking above the top of the downward channel and obviously creating a higher high.
Today's #BTC low is remarkable and has chances to be the ultimate low.
And here is why
📌First of all, today we've got an elegant wick just under the previous low, which liquidated a lot of longs. And look how strongly we rebounded after establishing a lower low.
📌Secondly, mid December is a pretty important time period. It may look like a conspiracy theory, but notice:
Dec. 17, 2017 - Bitcoin tops out at 19.7k
Dec. 15, 2018 - Bitcoin bottoms out at 3.1k
Dec. 18, 2019 - Bitcoin creates a lowest low after topping out at 13880 in June.
💡So, taking this information into account, today's low can be a pivot point for the market. However, here's what you should understand: once such a pattern is identified, it has less chance to keep playing out successfully. Just keep that in mind and treat this top/low sequence with a grain of salt.
The massive Support Cluster we were talking about got broken today! We are now below the trendline, 50-Week EMA, strong horizontal level and high volume node on VPVR.
We have almost reached the next horizontal level at ~7350. Feels like we are gonna go lower.
CME Futures are expiring tomorrow at 4:00 PM London time (3:00 PM UTC time)
Here is an important point: these are half-yearly Futures and they were opened on April 1, right before that $1k pump that kicked off the bull run.
Expecting high volatility around the expiration, beware of darth maul candles. Tomorrow can be a pivot point to the upside, but if not... and we break the 200-Day MA, this will get ugly.
Not really much to say about Trump’s tweet.
Why would Trump speak positively about Bitcoin? It’s like why would the Fed speak positively about Bitcoin? It goes against their own currency, what they stand for.
So, Trump says what he is supposed to say and you should not expect anything different.
🔥But here is the most important thing: The president of the United States is tweeting about Bitcoin. This fact clearly indicates that Bitcoin has come very far.
#BTC 👆👆
📉 BTC got a very violent rejection at 0.618 Fib (which was our target). Also we anticipated a drop from those levels and that 25% drop within a single weekly candle was not surprising.
So, what we are keeping an eye on is this weekly close. It will determine a lot. There's nothing we can say about the current candle until it closes. This candle could end as a reversal one but as of right now it's not.
📌 Closing above 11.5k (0.5 Fib) and especially 12k will lead us back up.
🎯 Libra whitepaper is a hodgepodge of contradictions and buzzwords.
Facebook owns your data and now they want your money.
They are trying to create a total government coin, which is perfect for spying, censoring, controlling and can be inflated at will.
Libra is:
- Regulated
- Centralized
- Closed
- Permissioned
If you were a central bank or IMF, this is how you would design a coin.
⚠️ Do not underestimate Facebook's attempt to create a Global Coin, because they are going to offer an easy access to finance (as to a FB account) and that's huge (especially for the third world).
It can kill Western Union and other remittance companies.
Maybe one of their goals is to prevent the expansion of WeChat (especially WeChat Pay) in the west.
Libra also may be an attempt to distract the masses from Bitcoin, but it will do the opposite: Facebook is going to draw billions of people's attention to crypto, and when those people discover Bitcoin as a better alternative, a lot of money will flow into it.
#BTC
📌On the daily chart BTC has been moving in the ascending channel. Currently we are at the upper resistance line and in the zone of resistance, and looks like we are overcoming it as it’s not the first time BTC tries to challenge it.
Now let’s take into consideration some facts:
- Major resistance level is coming up for BTC
- Volume tells we might be running out of fuel.
- Bearish div on the RSI
So, bears are still alive. And could even test the support of the channel.
❗️Keep in mind: We are not in a bull run yet (because you can’t have a bull run with declining moving averages on the weekly)
https://dydx.exchange/r/YYQJWYIA
Nothing is secure. Even binance will sale your data to government and they are bound to share. Not your keys not your coins is said for a reason.
It's time to switch to dex. Dydx has huge liquidity in Dex. No.1 dex.
Connect your wallet here- 👇
https://dydx.exchange/r/YYQJWYIA
Eth will potentially hit 10k-15k dollar within this year. One of the best asset of the year 2021.
Читать полностью…
#SXP ( BINANCE )
BUY : 0.00020000 - 21500
Target 1 : 0.00027500
Target 2 : 0.00034000
Target 3 : 0.00048000
Stop Loss : 0.00006800
#midterm
BTC 4h update
That declining trendline on the RSI played its role again! We bounced off of it and now trading above all moving averages
The struggle is currently the mid line of the channel. If we manage to break above it, new local highs here we go
📌Don’t forget there’s a pretty big CME Gap right at the top of the channel
#AGI ( BINANCE )
BUY : 0.00000240 - 255
Target 1 : 0.00000290🎯✔️(first target achieved)
Target 2 : 0.00000340
Target 3 : 0.00000420
Stop Loss : 0.00000210
BTC 8h
👉Look at the BitMEX Funding rate! It hasn’t been so high since late Oct. 2019. That’s definitely the reason for the bulls to be very cautious.
📌The price has been moving in an upward channel since the beginning of 2020. As of right now it looks like we got rejected by the mid line. Combining this with the unprecedentedly positive funding (and don’t forget about the rocket fuel ⛽️ that’s still waiting for its moment do add extra momentum to move up/down - $1B+ Open Interest) the picture does not look quite good for the bulls at all. We may visit the channel’s support (at least) if we do not break the mid line.
🎄With Christmas around the corner, it is time to engage in celebrations. May Santa Claus bring happiness, success and glory to you. May you and your family be blessed with a wonderful time and a great year ahead.
Merry Christmas! 🎅
BTC update
Yesterday's pump took us all the way up to 7400 (significant area of resistance) and got rejected there by MA200. Notice how precise this move was. We exactly hit the MA and pulled back.
Furthermore, we didn’t manage to sustain the breakout above EMA100 and it rejected the price again, but we are holding the support that was regained in the result of the pump.
💡So, now the price is squeezed between the Support and EMA100. If we break EMA100 eventually, we'll have high chances to continue the move to the upside and reach the top of the downward channel (7800-8000).
Long term investment tool: 2-Year MA Multiplier
Selling Bitcoin when price goes above the 2yr MA x 5 (red line) has been historically effective for taking profit
Buying Bitcoin when price drops below the 2yr MA (green line) has historically generated outsized returns
Looks like we are now in the buy zone. However, this chart does not tell you for how long we'll be there and how deep the buy zone is gonna be.
#BTC
Keep an eye on this resistance cluster:
The price tried to break above the 200-Day MA & 200-Day EMA, but closed yesterday's candle below it.
Break above this cluster and we go significantly higher
Look at how our scenario perfectly played out! We reached 10.6-10.8k zone like we expected and even tried to overshoot it but didn't manage to get above 11k. After that we are having downside action like we said back then.
📍Important level to watch is 9.4k. If we lose it, that will result in a significant move to the downside.
ETH/BTC looks horrendous
We are sitting on a Multi Year Support. That range 0.024-0.026 has been a very impressive support since Dec. 2017: it bounced the price in Dec. 2017 amazingly strong, it held the price in Dec. 2018 and it's the fourth time this year we are dipping into it. Looks like this major support is going to break 📉
[ If the support gets touched for the third or the fourth time, it becomes a level that is going to break. Yes, it may bounce the price again, but the probability of that happening is 10% ]
⚠️ We are about to get a brand new weekly close and it's gonna be the lowest weekly close since March 2017 and that is extremely bearish.
🐝 BTC UPDATE 👆👆
$Bitcoin has perfectly reached the support level at $10300 and finished a downward Eliott 1-5 cycle. At the moment I can't see any premises of the trend reversal to downward, so we can expect some upward movements to the $12500 resistance. In case it will be broken - the price will go further upward and face another resistance only at $13890. However, if the price wouldn't be able to break this resistance, more likely it would fall lower to supports $11450 and $10500.
At the moment the market came into a local bullish phase, so it is more profitable to look forward LONG entry points, rather than SHORT ones. So, it is good to buy in the zone of $11400 - $11800. We can see some long squeeze spike, so it would be better to place Stop Loss below the $11100 level.
#BTC
Bulls are still in control smashing resistance levels one by one. Tremendous level of resistance starts at 6100, so we are pretty much intrigued.
Oh, also we are now six days away from Consensus 2019!😏
What a coincidence that we are coming up to the major resistance these days, right?
It's premature to say that the channel resistance is broken, because we haven't closed the daily candle. ( We have little concern about the current daily candle because now we are on a TD-9 sell )
📌 Now price is only testing the top of the channel. If we breakthrough then things will get even more exciting, because then the target for the breakout will be 6430, which is in the resistance zone & very closely in line with the 100-Week MA.
🎯 Having said that, looks like Bitcoin is heading to at least 6130. But don't get overexcited. As of now we don't see it pass 6.5k (100-Week MA). The pullback is coming.
ICX/BTC
We decided to point this one out
Clearly see "cup & handle"
The 200-Day MA support supported to price and now ICX consolidating above it.
Golden cross between the 50-Day & 200-Day MA
Big volume coming in
Entry: 865; 790
Stop: daily close below 760
🎯 Targets on the chart