ProR35

ProR35

Last weeks high: $ 31843.6 Last weeks low: $30858.7 Midpoint: $29873.8 Post CPI week and BTC finds itself back within the same local range despite some very positive news coming from the SEC VS Ripple case. Alts rallied upon the news but BTC was capped at 31.8K, still short of the 32.5k target. I do believe that was bitcoins best chance to break above the...

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SOLANA has an ATH of $267, ~1300% from current price. With this huge upside potential/ almost minimum for the next Bullrun Q3/Q4 '24 - '25 it's an important token to stay up to date with, Here is a breakdown of current price action on the 1D: SOL has been stuck in this range since November '22 that was created by the collapse of FTX. SOLANA's connection to the...

ProR35 Updated 

CPI YoY: Forecast: 3.1% Previous: 4.0% Actual: ? With CPI on the very near horizon, here are my thoughts on what Bitcoin could do in terms of price action: Bullish scenario - We all know that CPI tends to be a volatile event with aggressive whipsaws in price in both directions irrespective of the outcome. Therefore there is an opportunity to capitalise on the...

ProR35 Updated 

Last weeks high: $ 31542.8 Last weeks low: $30610.1 Midpoint: $29677.4 Previous weeks price action tells an interesting tale. Beginning the week precisely on the midpoint of the week and ending on the 0.25 line. The choppiness from last week follows a similar pattern to weeks previous, the target for the bulls of 32.5k and above is still in sight. Last weeks...

ProR35 Updated 

APT has now reached the first key area of interest, it's still maintaining its structure in a descending wedge pattern respecting the trendlines. BTC will ultimately decide the near term fate of APTOS as it's important bitcoin stabilises or even bounces before altcoins have any hope of doing so. With BTC having lost the 1D 200EMA support I'm thinking price will...

ProR35 Updated 

After 67 days of price action we have a 4H descending wedge pattern, and currently the upper boundary is being tested. The SPX had a similar long term pattern formation as shown on the chart. The breakthrough of the upper boundary resulted in a 13.88% rally up past the previous local high and looks extremely bullish right now. Perhaps there will be a cool off...

ProR35 Updated 

Last weeks high: $31291.8 Last weeks low: $29420.6 Midpoint: $30356.2 The week starting on Monday 19th of June was the latest rally for bitcoin, a strong move up leaving some large FVG inefficiencies left behind that price will look to fill in the future. The upside capped off at just under 31.5k, a high that the bulls couldn't top last week while chopping...

ProR35

Last weeks high: $31443.0 Last weeks low: $28847.4 Midpoint: $26251.8 BTC experienced a massive week of price action last week with nearly non stop climbing up to a high of nearly 31.5K. The all important 32K is still yet to be tagged this year however we have made new yearly highs with acceptance above 30K The news of a Bitcoin ETF cancelled out the SEC &...

ProR35

With all the news surrounding Binance and its SEC battle that lay ahead I thought I'd look at a potential BNB trade. We've seen the coin drop from the $300 mark in a pattern of huge sell off followed by consolidation, then sell off again until we've reached the ascending triangle pattern I have shown on the chart. This pattern is very close to breaking down and I...

ProR35

Last weeks high: $26887.5 Last weeks low: $25836.5 Midpoint: $24785.5 Despite a strong end to the week BTC has a lower previous week high and a lower previous week low. In that way we continue to be in a swing downtrend. A double bottom from last week gives us an area where if we are to continue breaking down we'd have to break below and stay below. The...

ProR35 Updated 

Last weeks high: $27401.2 Last weeks low: $26363.7 Midpoint: $25326.2 A massive week in the markets this week: Tuesday - US inflation data to be released tomorrow (Inflation rate YoY, MoM and core inflation YoY.) Wednesday - PPI MoM, FED interest decision, FOMC economic projections & FED conference. Thursday - Initial jobless claims & US retail sales All...

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APT has a token unlock fast approaching, 0.45% of the total supply (4.5m APT) is to be unlocked at 0.5:30 UTC on 12th June 2023. Here are my thoughts going into this event, how I feel the market will react as well as key areas to look out for. Firstly looking back to the latest APT token unlock back in January. We saw initial sell side pressure as new tokens...

ProR35

In light of the new SEC/Binance news BTC fell off a cliff towards the midpoint of the 4H mini-range we have shown. In the middle of this range there's a bullish orderblock that I think could cap off the downside from this news. This is the first potential trade in my opinion after breaking lower and continuing the new downtrend. 2) The second potential trade is...

ProR35 Updated 

The chart shows just how effective the quarterly ranges have been so far since entering the new range. A lot of volatility waiting at the top of the range/ swing high, very hard to tell we go from there but one things for sure the bearish Orderblock at 40k will be a huge shorting opportunity, however I don't think we get there too soon.

ProR35 Updated 

Last weeks high: $28225.6 Last weeks low: $27040.8 Midpoint: $25856.0 A little late due to bank holiday. BTC did go on a weekend rally to close strong near 28K. We've seen this happen before and usually the following week most of the gains get roundtripped back down, in this case targeting around 26K. Tomorrow is the end of the month, currently we have our...

ProR35

In my opinion I can see BTC going one of two ways: ---> We continue to rally having bounced off our Rally - base - rally support zone. With further support by the green rectangle pushing towards the next Supply zone. ---> OR... We lose the rectangle diagonal support, drops down towards the lower side of the rally, base, rally demand zone. Then confirm this key...

ProR35

On the left side of the chart we have areas of significant volume that pose as problems or areas of potential congestion for BTC as it climbs back up towards new highs. These areas are bearish orderblocks and we can generally expect price to react in a bearish manner off them. Once price gets above and consolidates it becomes new support. As shown by the green...

ProR35 Updated 

Last weeks high: $27656.6 Last weeks low: $26997.5 Midpoint: $26338.4 With the price of BTC starting the week at the same price it finished it, we had a largely boring 7 days of price action. A very tight <5% spread form highs to lows, the majority of time spent around the $26800 mark with the occasional whipsaw to give the illusion of volatility. With price...