ProR35

ProR35

We're continuing the downward trend since the double top in the key area swing high range following the prediction path well but ahead of schedule. The 1D 200EMA support has failed for now, it will be interesting to see if the bulls can regain it, I think BTC takes a real tumble down if not as shown in the chart. BTC has broken the diagonal supporting...

ProR35

Last weeks high: $24033.1 Last weeks low: $22970.5 Midpoint: $21907.9 An hour of sell off midweek last week sent BTC towards the area I wanted price to hold between 21.8k & 22.5k. For the bulls any further downslide could be very harmful as it would break bullish HTF structure. I would be surprised if we see any significant movement this week as the BTC is at...

ProR35

APTOS is one of the best performing large caps of this year with a 280% increase YTD. This is how I feel we could see price move over the coming weeks/months. The price structure is clearly a descending wedge with quite a steep decline. The bullish scenario is that price breaks out --> pushes above green line --> retests as support and moves higher towards...

ProR35

As Bitcoin rejects off the key area it's following the prediction path line accurately so far over 2 weeks after the initial idea was published. The 4H 200EMA has provided support once again and on the 1D 30EMA support has held. Due to this BTC still has a good chance of progressing in the bullish trend if this structure holds. However, the overall trend...

ProR35

Last weeks high: $25305.1 Last weeks low: $24008 Midpoint: $22712.3 BTC Gradual decline away from the ~25k HTF swing high was to be expected for a lot of traders, last week that scenario played out with a consistent drawdown towards the lows of 22700. Personally I'd like to see 22.5k be the local low of this move down with a strong reaction from the bulls in...

ProR35

BTC has confirmed the double top pattern since I last posted about it 2 days ago. The ascending triangle structure and H1 200EMA failed to hold. After a nearly 7% drawdown price rebounded off the bullish order block shown before regaining the 200EMA and the weekly 0.75 range quarter. With BTC struggling to top that all important local higher I could see a...

ProR35

entering at 0.073 at the previous HTF top now that price has accepted above this level seemed like a good place to build a long position. The exit could have been improved, the bearish OB at 0.083 would have been better and price did reach it before turning short term bearish.

ProR35

BTC has tagged the previous weeks higher exactly. An ascending triangle pattern in the short term is forming. The HTF key area is holding as resistance where price is attempting to break through, this is the 5th attempt during this HTF range.

ProR35

Last weeks high: $25301.6 Last weeks low: $23314.8 Midpoint: $21328 BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower? As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the...

ProR35

With bitcoin nearing the 25k marks this represents a pivotal area for the cryptocurrency. As the price of BTC broke through the 1D 200EMA for the first time in almost 12 months, BTC has retested the moving average as support and confidently reacted off that level pushing up higher. However, this lands BTC in the tricky position of being just under the 1W 200EMA...

ProR35

Last weeks high: $23462.5 Last weeks low: $22446.7 Midpoint: $21431 As BTC retraces down through the FVG that I previously stated I had my eye on, price has now hit both 1D & 4H 200EMA and the top of the previous consolidation range. Last week this area is where I stated I would look to do business as it provides decent support on the HTF, making sure the 1D...

ProR35

BTC currently retesting the 4H 200EMA as support. This also coincides with the RBR (rally base rally) demand zone area highlighted in green as additional support. The FVG (Fair value gap) I had previously mentioned in my last post has now been filled, adding to the conclusion that although BTC could still drop from here it's looking like a strong place to start...

ProR35

Last weeks high: $24279 Last weeks low: $23381 Midpoint: $22482.5 More of the same consolidation and choppiness last week as the week previous, with FOMC propelling BTC to a high of 24.4k, still short of where I feel like most people have their shorts positioned around 25k waiting for a swing fail. It would not surprise me if we saw a local high for a little...

ProR35

Last weeks high: $23975 Last weeks low: $23148.5 Midpoint: $22321.5 A choppier week last week than the week previous. However, last week still saw BTC climb over 1k. The range quarters are a very good guide of where to find support and resistances for the week coming. I think the majority is predicting a retest of 25k before correcting, with FOMC on the near...

ProR35

Last weeks high: $23381 Last weeks low: $21882.5 Midpoint: $20384 BTC continues in a strong bullish trend after concluding another week of upward movement. Last week I stated that the 0.75 (~20.4k) line was a key area to look out for as if it were to be lost and confirmed as resistance, BTC would start to look bearish. However, this area was tagged (and a...

ProR35

Last weeks high: $21568 Last weeks low: $17132 Midpoint: $19350 What a week for BTC and crypto in general. After finally breaking the 17k level a complete surge up to 21.5k. However, acceptance above this level is key to the bullish narrative continuing. The market still seems adamant on one last further pullback to new lows, with the macro environment...

ProR35

Last weeks high: $17190 Last weeks low: $16550.5 Midpoint: $16870 After a couple of weeks of choppiness, it's nice to see a consistent and progressive rally, from the weeks low at the beginning of the week to the weeks high at the end of the week. Last weeks target of 17k has been breached and now is the support line at (0.75) for this week. BTC now looking...

ProR35

Last weeks high: $16960.5 Last weeks low: $16355 Midpoint: $16658 Happy new year everyone! Last week saw the end of the year not the bear market it seems, $17k continues to be the ceiling for BTC for now, and the choppy price action continues. This weeks range is a very tight spread so unless price goes above or below last weeks boundaries, expect more of the same.