EnlightenedTrading

EnlightenedTrading

Can anyone explain what is going on here? The BLX chart shows a drop of 100% to 0 on Bitcoin. Certainly on any other chart/exchange bitcoin is a normal levels. Has anyone any idea what this means? This shows only on the 3D and Monthly timeframe, all others are at normal price levels. This needs clarification!! Cheers, Konrad

EnlightenedTrading

Hey there, basically anything you need to know on my outlook on bitcoin is displayed on this chart. Our last targets are at 9800 (red box) and 10300 (last swing high). Bitcoin keeps strong on all time frames, but is a bit overextended on the 4h chart. Especially when looking at the Bitmex Funding Rate it kinda tells a different story and displays that bulls are...

EnlightenedTrading

Hey there, So there is stilll one more target to go. As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances which bitcoin has to break to finally confirm a trendchange on broader timeframes. Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and seems to be of high significance when...

EnlightenedTrading

Hey there, after our run up to recent targets of 8900 USD we bounced off and have been consolidating since then. This conso looks not bullish to me in my opinion, after we tried to break resistance on the second high and managed to do so by a few bucks, yet bounced off immediately. This kinda looks like the consolidation after the second high after the high of...

EnlightenedTrading

Hey there, so BTC has now broken important resistance and broke out of its pitchfork. We had earlier tries of breakage but didn`t managed to do it. Our count of the TI Sequential @ToneVays is telling us to be long and should now sit in a substantial profit. There seems to be no resistance ahead, except of the 200day EMA. On basically all other time frames it...

EnlightenedTrading

Hey there, So this chart might look familiar to you, since there have been numerous posts, regarding the cycles bitcoin seems to go through. On this chart you will see an extended analysis of this rather popular chart by using percentages. Most of the data is discussed directely on the chart, so I will not go into detail down here. Please look at all four written...

EnlightenedTrading

Hey there, I will say, that compared to so many on this platform, I won´t dive into all these technical indicators this time and will keep it very simple, yet so much more exciting. So we have been consolidating between 6000 and 8000$ for a few weeks now and had mostly sideways price action. On this chart you see trend-based fibonacci extension using the past...

EnlightenedTrading

Hello beutiful, so we are looking for the price of bitcoin to bounce in the near future. Death cross coming up of the 100 and 200 EMA daily, which could have shorts confident and maybe shaken out if we ralley into the death cross. Falling wedge also a highly likely scenario on the 4h and 12h and also partially on the daily timeframe. Much resistance lies up...