BitMidas

BitMidas

We made adjustments to the scenarios based on an updated stats of sentiment. Always make a plan B for yourself. rate hike probability 👇 👇 +25bp 0% +50bp 6.3% +75bp 93.7%

BitMidas

BTC is running bearish in a steeper downward channel. The lower line of the channel comes to $15267.44 today. (As shown in the chart) The expectation of FOMC’s decision now shows 6.3% for +50bp; 93.7% for +75bp; 0% +25%bp . The market agrees on 20k as key support, an astute point at $20222.47. Nevertheless, monitor the next support is $18457.23. Fed’s...

BitMidas Updated 

$BTC experienced a massacre, however, shows no resignation for now even after it touched the lower line of the downward channel ... The expectation of the Fed’s adding 75bp climbs to nearly 30%, which could introduce another big short. Wait for more info from the fomc. Monitor: $22309.06 has diverted to $21684.33. The next key support is...

BitMidas

2022-06-14 16:00 (UTC+8) rate hike probability 👇 👇 +25bp 0.1% +50bp 70% +75bp 30%

BitMidas

As we mentioned last Friday, BTC finally broke down the triangle and the downward channel, shorts take hold. The newly released CPI of 8.6%, which is higher than expected, strengthened the expectation of adding interest rates. The market will be running under pressure. The next key support is $22309.06

BitMidas

BTC is running in the triangle within the downward channel. Yesterday it pulled back to the center and today sees the pressure still. (bears holding strength atm) Box: $32084.67~$28288.38 Center: $29850.35 Longs and shorts have been fighting severely for several days. The general movement is pro-shorts, while more spaces are opened for both sides. Keep an...

BitMidas

BTC is swinging around the center in the box within the triangle of the downward channel. Box: $32120.81~$28186.09. Center: $29850.35 Longs and shorts flip violently. (Not a good time for trading as risks are more than returns.) The overall movement is negative. Keep monitoring the center and the key support. US CPI stats will come out tomorrow.

BitMidas

BTC will touch the upper line of the triangle, which is also the middle of the downward channel. Box: $32189.97~$28209.81 Center: $30036.05 Long and short flips more often around the center of the box. Price holding above the center, bullish relief; otherwise, bears reign full control below. (Reference at 8:00 UTC+8) Set protections on your position either side.

BitMidas

BTC is in the downward channel Box: $32189.97~$28136.68 Intraday support breaks, and shorts take hold. BTC falls back into consolidation. The FOMC decision is near, and we’re counting down the days to the major breakout. Safe trading, pals.

BitMidas

BTC is running in the box within the triangle of the downward channel. Box: $31958.28~$28108.66 BTC will consolidate before breaking out of the box. The short-term momentum is strong upward, but do remember we're in the downward channel of the mid-term. Always set protection on your orders.

BitMidas

BTC fell back into the box within the triangle of the downward channel; Box: $30546.98~28271.81 ; $30079.47 is a struggling point of the day. Only by holding above the line for 24hours could BTC retain a long momentum or shorts dominate. Keep an eye on the key support. Don’t act in haste. Shrinking on the B/S took effect on the market. Wait for the FOMC on...

BitMidas

BTC will challenge the upper line of the triangle, the middle of the downward channel. The price held the bounce-off support yesterday. As long as this support is not broken, BTC will spring from there across many resistances upward and then consolidate. Long in the short-term; bearish in the mid-term. Both sides have room to operate by making use of the...

BitMidas

BTC broke out of the box with forces turning upwards; Supports on 1day frame consolidates and is ready to challenge up higher; The day-frame trend is still bearish. The price has not come to a reversal in the downward triangle. Still waiting for the stats of the next FMOC.

BitMidas

1. BTC will further consolidate in the triangle within the downward channel 2. The consolidation range keeps contracting now to Upper at $31086.55 Center at $29660.15 Lower at $28138.54 3. Rules of consolidation If the price holds the center, BTC will surge when it comes to a breakout; and vice versa. (The market force changes dynamically, calculated every 8:00...

BitMidas

BTC runs in the triangle within the downward channel The consolidation range keeps contracting now to $33529.66 - $ 26854.60, centering $30723.11. If the price holds the center, BTC will surge when it comes to a breakout; and vice versa. (The market force changes dynamically, calculated every 8:00 (UTC+8). Intraday box: $30723.11-$28411.85

BitMidas

BTC is still consolidating within the downward channel. The consolidation range is $32682.35 - $27516.29, centering $29699 - $30365.79. Today is likely to see the price go up first and then drop down. You can draft your strategy with the help of the target points above. Contact me on Twitter if you have any questions. :) Safe trading, and welcome chatting.

BitMidas

The 30k is pulling the price back the price multiple times. We’ll see more battles here between longs and shorts. BTC is still consolidating in the downward channel - same as yesterday. The consolidation range today is $32341.38 - $27038.98, centering $29781-$30047. Both longs and shorts have rooms to operate, yet bears are still in dominance. If you long,...

BitMidas

BTC is in the downward channel, with the bearish impulsive wave now concluded. $26579.39 resulting from the calculation since May 10th functions as a very strong support. Now the bearish trend flips into consolidation under resistance. The new triangle is formed before the next FOMC, provided that the price keeps above $26579.39-$25410.65 until Jun 16th....