BrettFogle

BrettFogle

In this chart of Bitcoin's monthly RSI we can see that it's heading lower toward a still upward trending level of support, but this indicates further downside this week to close the month / year for BTC. We can see the important support / resistance levels for Bitcoin over the years, where the RSI has been rejected or acted as support, so any long-term bullish...

BrettFogle

Bitcoin will likely see further downside from here as shown. The 100 EMA might provide some support, but the likely BTC will drop to the rising trendline as shown, and put in a higher low around $52k to $52.5. More than likely $52k on a wick down, but this will be Bullish for a strong bounce off of this region and off to new ATH in December. Let me know your...

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BrettFogle

In this video I share how this BTC fractal pattern is playing out that mirrors the Accumulation / Distribution pattern that we saw earlier this year. Per the video, this would create a compelling buying opportunity for us to get back into Bitcoin and the Tier 1 as well as L2 coins that we have seen strength from earlier this year. Let me know your thoughts below!

BrettFogle

Looks like Scenario #3 is playing out here as Bitcoin struggles to hold $42,500, an important support & resistance level from earlier this year and recently on the way back up to to $50k, triggering a pullback to it's rising 21 day EMA. From here, I expect BTC and the Altcoins will bleed further lower, with BTC bottoming between $39k and $40k before rebounding...

BrettFogle

This isn't likely going to be a popular topic because there's so much bullish news, momentum, and hopium right now for Bitcoin . But as we know, that's generally when the biggest surprises happen. This is a weekly chart of Bitcoin , showing a troubling pattern in the past when trying to recover from a correction, which is where we are now. The pattern suggests...

BrettFogle

This massive pump on BTC today and on the 1 min and 3 minute time frame, pushing toward a huge resistance level at $48k feels eerily like a massive Bull Trap, that could reverse quickly and suddenly. $48k is not likely to hold on the first push, and there's not much support below us, so I recommend extreme caution and to take profits here and going into the...

BrettFogle

Solana is playing out perfectly as I predicted. After a brief pullback it's rallying higher above the Ichimoku cloud with the Tenkan (Green) crossing over the Kijun (Purple) which is shown by the vertical Green line and is very bullish. Most of the other Altcoins haven't yet broken above the Ichimoku cloud which shows that SOL has high relative strength...

BrettFogle

Despite on-chain metrics showing whale accumulation at current levels, based on market corrections from the past, we're likely to see further downside before going higher. I realize this is fairly simple TA, but the H&S pattern has proven very reliable. Previous pullbacks from BTC's all time highs have also been in the 60% range, and we're not quite there...

BrettFogle

Looks like we'll likely head lower here as the Death Cross is confirmed, and the Bulls haven't had enough strength to push us higher. It's a critical level that if we don't hold here, we'll likely see BTC at $24k-$25k and quite possibly a flash drop to $20k to week out all the weak hands and then I expect a 'Whale Feeding Frenzy' to take place, and we'll put in a...

BrettFogle

After today's selloff and Bitcoin trending sharply lower, the impending 'Death Cross' of the 50 and 200 EMA seems unavoidable. These levels are unlikely to hold here, especially with more bad news coming out of China and more FUD all around. $25k is the next likely drop, but I'm thinking we may see $20k Bitcoin before it's over and we put in a bottom.

BrettFogle

Weekly Head & Shoulders Forming And Bearish Engulfing Candle Looks Ominous For Bitcoin If We Close Here Today on the Weekly Candle. While many are proclaiming the '2nd Leg' of the great 2021 crypto bull run is about to being... The technicals here don't loom promising. So I'd be limiting any longs here and setting stops in case we break lower and or close at...

BrettFogle

Bitcoin is pulling back from obvious resistance but is still bullish in my opinion. The 5th re-test usually will break so I'm looking for BTC to pull back to the 36,000 level / range and then push higher as shown. Likely retesting the breakout above 42,000 and then heading to $50,000 which is a make or break level. I'm not fully Bullish again until we break...

BrettFogle

This look eerily similar to the H&S I posted on Bitcoin April 22nd. Bitcoin certainly looks weak here, and will likely retest recent lows around $30k, so I'm looking for ADA to roll over here and head lower. Luckly I sold all my ADA with a limit sell order at $1.8 the other day near the high. Will be looking for better entries and another bounce in the coming...

BrettFogle

The chart says it all. ETH is bounding nicely off of its upper trendline support and its Bollinger Bands are tightening so I'd expect a big rebound this week in ETH. Sometimes simple indicators are the best and most reliable. With a bounce here from BTC, ETH should also rebound well.

BrettFogle

With Bitcoin showing signs of life over the last month, it was hard to image we would get here to the $42k-$45k area as I called last month in the last 2 videos. We got here a bit early, but here we are. Elon's tweets were just a catalyst for where the market wanted (and needed) to go. I feel it needed to re-test at least the midline of the large up candle we...

BrettFogle

The weakness in Bitcoin and inability to hold above the recent highs, plus the current chart action indicates we're likely headed lower, to the $42k to $40k area. Doesn't take fancy chartwork, indicators, or 'studies' to see what's likely coming, so protect any longs and stay in cash to buy back lower. Bitcoin needs a rest before running much higher, and the...

BrettFogle

Even though the inverse Head and Shoulders on BTC failed to materialize... And it looked like we were headed to 'Super Alt Season'. With this much money in the cryptoverse right now... Would any of us be surprised there's some bigger players and powers are in really in control here? And with this many retail traders and FOMO 'dumb money' flooding the market,...

BrettFogle

Bitcoin is struggling to break and hold 60,000 and is losing dominance which bodes well for ALTS to have a big run as money flows out of Bitcoin. ETH is also struggling to hold it's new ATH over 2000, which could also fuel massive transfer of investment $$ into alts like DOT, ATOM, UNI, KSM and AAVE who have solved or are a good alternative to ETH and it's...