PolarHusk

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Not much update for Bitcoin today, as we can see the same price action -Bulls keeps defending the 3D 200-Moving Average as dynamic support -With respect to horizontal support around 36k-38k dollar -Many altcoins are following the sideways price action of Bitcoin -Which gives us a choppy signal on the short term...

PolarHusk

💎Technical Analysis Summary💎 KCS/USDT -KCS token has retested its key daily support area & 200D-Moving Average -Due to the recent downward move of Bitcoin touching the 37k dollars -Technically, the bulls are defending this $17 daily support of the KCS coin -We can see the price respected this level 3 times since Feb 3, Feb 24, and today -The weekly view is...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Bitcoin still respecting the 3D 200-Moving Average for the 3rd time -The bulls have managed to keep the price above this important dynamic support -We can see the bulls and bears are trading within the range of 35k-45k dollars -If this trading battle continues, mostly is to test again the top resistance at 45k -The Bitcoin...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is currently testing the monthly support zone -Also, the EMA19 which acted support since July 2021 is being tested -We are just in the 1st week of trading this month of March -So we can still expect a lot of volatility and key areas to be tested -It is still too early to say but the worst-case scenario is if the...

PolarHusk

💎Technical Analysis Summary💎 KCS/USDT -KuCoin Token is trading above the weekly key support area -And also, the important short term EMA dynamic support -The bulls are having a battle between the immediate resistance at 21 dollar -If the buyers can break the sellers' defense in the coming weeks -The potential to test the All-time level increases in the next few...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -The Bitcoin bulls are defending the 3D 200 Moving Average -This important moving average is a confluence of the previous trendline -Which for now, is acting as a key support area during its retest -If the bulls can hold this level for the next 1-2 weeks -The chances to form a reversal pattern and retest the 40k-45k level...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is now testing the previous trendline resistance -If this area of confluence turn into new support in the next few days -Then BTC will have a higher chance of going back above 40k dollars or higher -On the bearish side, if a daily candle closes below this support region -Potential test of weekly support level...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Bitcoin may have found new support around 42k dollars -And a new resistance zone at 45k dollars -We can expect BTC to consolidate within these two areas of interest -I am expecting a sideways action for the remaining weeks of this month -As for the Altcoin space, they are in mixed condition -Some coins are moving up strong...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Bitcoin finally broke out the midterm descending channel -The bulls also manages to overcome the resistance at the 40k dollars zone -This is a good sign in terms of price action for this month of February -If we are looking for a potential new support area is somewhere near 40k level -Many Altcoins are starting to print a...

PolarHusk

💎Technical Analysis Summary💎 BTC/USD -Bitcoin is rejected at the previous key support area and EMA 19 -A bearish engulfing candle is printed yesterday closing price -If this downward move continues, the potential support is somewhere 34k dollars -It is really hard playing swing trades on the spot market with this type of condition -So please be careful holding...

PolarHusk

💎Technical Analysis Summary💎 BTC/USD -Bitcoin is making a series of mini higher lows on the daily time frame -If we plot a trendline of support, it looks like an ascending channel -This is technically bearish and considering the previous support is just a few percent away -Be careful because the price is about to test the important daily EMAs too -If BTC faces...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -The bitcoin weekly time frame is now testing its last area of support -Also, partially/almost filling the CME gap today around 32k dollars -Based on price action since November 2021, a series of mini consolidations and breakdowns -We can easily plot a red trendline resistance from the 69k dollar top -If BTC repeats its...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Regarding my previous BTC update, we saw multiple bearish price action -Today, the triangle is confirmed with a downward market direction -I don't know how far down Bitcoin can continue -So if you want to play on the safer side, please wait for any reversal signs -Trading altcoin on spot market is at high risk for the...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Today's update is looking at the 12h time period -In terms of price action, this is technically bearish -We can see a series of lower highs and flat areas of support -The support becomes weaker the more it gets tested over time -We saw what happened last January 5th, the price broke its support -If this bearish triangle...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Bitcoin closed the weekly candle above the key level again -So far, it is holding it up but the bulls are still not safe -This can be another potential mini bear flag -We need to look at both sides of the market -So we will not be committed to 1 bias only -I am patiently waiting for a good sign of trend reversal -But I...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -Bitcoin in the lower timeframe is showing its strength -The price broke above its key resistance at 43k dollars -If BTC can hold above the support area within the next 48hrs -I think the chances to retest the higher 45k dollar increases -Despite this short term upside move of BTC -Many altcoins are still in their bearish...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -It looks like the Bears have won the consolidation range -The potential bear flag is likely confirmed with 2 days left before the candle closes -Before this breakdown, we saw many bearish price actions or signs of weakness -The price created a new lower low breaking below 42k dollars -The market is currently in a...

PolarHusk

💎Technical Analysis Summary💎 BTC/USDT -It is not a good weekly candle close for Bitcoin -As the price is back at the floor of the trading range -Be careful because by looking at the price structure -This can be a potential weekly bear flag and the target is around 38k dollars -Since this is on the weekly time period, this can take days or weeks to...