BleepBl00p

BleepBl00p Updated 

Price fell out of the bullish structure after a huge dump coming off of another recent lower high. So far it looks like the price respected the retest area of the raising broadening wedge, but, this asset is known to fake out traders in both directions, although, early shorts at the previous high still looks safe for a full retest of that take profit area at take...

BleepBl00p

My biased opinion was to the downside on BTC as many of my other price action analysis was showing, BUT my invalidation point has been breached. My original idea was that BTC was not going to break 73k and hold it as support, and so far, it is. So, with my invalidation in play, I have to consider the bullish case scenario as being valid. If the bullish case is in...

BleepBl00p

This current level is extremely key to holding bullish market structure, in my opinion. It was a breakout area prior to some major moves to the upside. Watching to see if price continues down to my prior targets between 0.000098-0.00011 or if this area holds support for a reversal to flip bullish.

BleepBl00p

There is a lot of bullish sentiment in the crypto space at the moment. As a contrarian trader, I am led to believe that the majority view may be a sign, hinting at an overhyped market. That along with the dwindling volume, along with the breakdown out of the raising wedge, coming out of a possible 5th wave, a correction to the downside would honestly be the...

BleepBl00p

Seeing these lower lows is really concerning. I figure that with institutional interest, comes institutional entries. Big wig Banks dont want to buy a clear top, But they want it on their balance sheets. My theory is that the prices will be driven to record lows to shake out the weak hands to create the liquidity required to enter in a big big way.

BleepBl00p

With the current overall trend being bearish on this asset, we very well could be in a bearish continuation pattern to the downside to test the .00009-.0001 area. BUT, if we sweep the low and set a higher low, or set a lower low with bullish divergence, we could rocket back up with the BTC halving, UNLESS this is the top. IF this is the top, we can expect a full...

BleepBl00p

the CME futures gap has been filled and appears to be acting as resistance now, and the short zone has been respected with 4 sell offs. All signs are pointing towards a big leg to the downside. be aware that most bubbles return to the beginning of the breakout and BTC may be trading in bubble territory. although i am still overall bullish on the bitcoin project, i...

BleepBl00p

Was watching this asset since the first bounce off of the 0.00011 area and it looks as if we are primed to go and retest that area for support. That support NEEDS to hold, if not, it is likely this coin may experience some insane lows under that critical support level at 0.00011.

BleepBl00p

markets can't pump forever. it's about time some generational buying opportunities come up for younger investors. right now, appears to be good profit taking areas

BleepBl00p

btc was heavily rejected from its recent high and is currently battling to retake supports. watching for a retest of the lower bull line of the current trend of the weekly buy line. If that breaks, be prepared for lower lows.

BleepBl00p

lots of things are keeping me on my toes about the crypto markets lately. mostly the lack of volume. I personally would rather be wrong, but I think we may be in a bear market at this time. Crypto itself is extremely volatile and still a very new asset. one thing bitcoin has been known for was not going down. will that change?

BleepBl00p

1kSATS pretty much wiped out all of its profits last week in a heavy retracement from the recent high of 0.0003420 all the way down to 0.000153. the good and the bad about this price level. this seems like a very deep pullback in a strong uptrend, critical support has not broken yet, this is a good thing ~ bullish we found support at .00015ish or the .000236...

BleepBl00p

please be aware that I have been wrong before. but there are some concerning things showing up in the price action of btc. 1st, the 2 lower lows after a triple top. but if I'm wrong. its going to the moon

BleepBl00p

watched buyers get annihilated for the last couple of days, with the daily price action working towards a bearish engulfing setting a new lower low and a new lower high. personally, am waiting for a consolidation period at the 0.368 fib around .000256 or as low as the .000218 area. if those levels do not hold, and we go retest the critical support line I will be...

BleepBl00p

the weekly candle is starting out red, showing signs of being rejected from the weekly ma centerline of the Bollinger Bands. After hitting the recent highs, last week put in yet another, lower high. depending on how it behaves at the retrace, will signal further downside or continuation of this bull run. I do not think it's over

BleepBl00p

we got that nice retest of the breakdown range of the previous high. I am still short term bearish until we get a bounce off of the 0.0002255 range

BleepBl00p Updated 

we put in a very nice bounce off of the 0.382 fib but did not continue to put in higher highs, that indicated to me that the bulls have their brakes on. and bears are out to play. We did in fact retest a key price level indicating another move down to the 0.5 fib levels. i will be keeping an eye out for a reversal or a bear market continuation at the 0.5 fib...

BleepBl00p

it seems that the fib level circled was respected by the daily candles. could the correction be over?