Quick Market update: $BTC clear rejection off primary downtrend ema 20 (Brown line) on the h4 chart and the price action finally accelerate. We are patiently eyeing on all timeframes for bullish divergences as an indication where bears could be exhausted for the correct time horizon to bet on a reversal. Will start from lower timeframe. So far D1 set up is...
Quick Market Update: BTC continue being stuck in the tight range after rejected at range top. Relatively low vol after SEC announced that they were going to reject Gray scale's Spot ETF application. The news was already priced in as the market never expected them to say yes. On the 8H we can see that the BB continues to tighten and ADX is trading below 20. This...
growth comparison between the log chart of BTC and Amazon. Huge similarities, both bets on network effect. We are still way early and extremely bullish on the macro trend. However I'm short term bearish as liquidity is in decline in the equity market and tapering seems inevitable. Sitting on cash to wait to buy the huge imbalance at 20k seems to be the play.
Too much similarities here. A shorten but same patterned cycle in prep for the coming ETFs. BTC bottoms out at 36k-38 in my opinion. Maybe few wicks down to capture liquidity. Looking to buy the extreme fear and final wash out.
50 minutes till this 4H candle closes. If it closes as a hammer as shown in this pic, it is very likely going to smash through all time highs. Great strength coming out of Atom given its pumping on a red market day. Very underrated project as well. Only concern is that BTC doesn't hold $47500, then I'm gonna have to size down my alts and play defense.
Longing at the bottom of the bullish channel as well as RSI uptrend support. Stoploss when RSI support breaks.
Nice S/R flip. Rsi nicely rested. Small bull divergence at the 4h. Long here, stop loss under $50. As long as BTC stays healthy Avax will play out well.