PureStructureNoBS

PureStructureNoBS

Why would bitcoin 3x plus within a year? Here is why: 1. Federal funds rate have started to drop as of yesterday. Bitcoin is considered a risk on asset. That means that if interest rates go down, investors sell their low ROI bonds to buy more risky assets to get higher returns, and Bitcoin flourishes in this environment 2. 6 month bull flag. Price is...

PureStructureNoBS

This is as good as it gets for risk vs reward. Support line is the 1hr 200 ema and bottom of ascending triangle/bull flag. Resistance is precious resistance seen in the weekly at 46k

PureStructureNoBS

Hi everyone I haven't posted in a long time but here is what is coming in the next few months. BTC broke 28k support level very aggressively and is now headed for 20k retest. According to previous all time high of 20k we later drop to 3k which is about a 85% drop from all time high, which took a year to complete. If a similar scenario is to repeat itself, I...

PureStructureNoBS

Hi everyone. Things are not looking great for BTC at this time. Resistance level at 45k is looking very strong. I believe we are headed for the first support target at 36k. From there, I see 2 scenarios: bounce back to heavy resistance at 45k again, or keep going down to clear support at 30k area.

PureStructureNoBS Updated 

Regardless of the path, it's ready to move up after false break of triangle. Shorts are way too high at 55% and will probably cause a price spike up and liquidate many people, yet again

PureStructureNoBS Updated 

People get ready for a quick drop to 39-40k range and a hard bounce. It can drop more, but it should close above that in the 4h Longs vs shorts are too high (80% longs). The price is at support, that is true, but Bitcoin works this way, it needs to clear longs and liquidate players before it bounces I expect after this we will have a bottom for a long time

PureStructureNoBS

Hi guys, I hate giving the bad news, but BTC and the market have hit a temporary top. The market needs to take a break now and reach a strong support level. That level is at low 40k. This will be an epic place to go long to 100k

PureStructureNoBS

I see 2 cup and handles forming. A break of 38400 could trigger both and take us to 42k (previous high)

PureStructureNoBS

BTC is printing a descending triangle pattern which is common at the top of a cycle. Box in green is the first target. Second is 20k

PureStructureNoBS

This is a great short opportunity. We just had a false break of 28000 which is the target of this second wave. Stop loss 28500 Make sure you have a stop loss because trying to find the top is a very dangerous game

PureStructureNoBS

Hi everyone, If we manage to break the current key level and close above 24k, we could very well reach 26-27k quickly. After that we could see a sharp drop that I may eventually reach 20k for a retest of major level Most importantly, we are in all time highs, so be very careful if you even think about placing shorts

PureStructureNoBS Updated 

If you see my history, I'm better at finding bearish scenarios. But this is not the case. If we get a solid break of 10k BTC will most likely rally to 13k fairly fast. Right now we are at a tough resistance. But if we can break these Fib levels, we are headed for a massive move.

PureStructureNoBS

A few days ago I posted an idea that if we could have a strong break of 10k we could go up quite a bit. That obviously did not happened and we are now headed to the bottom of the symmetric triangle. Fib .618 has been very reliable and it is a strong resistance right now. First target is 7800s then 6200s. I will post if I see a tight entry

PureStructureNoBS

Hello everyone, BTCUSD has printed a picture perfect cup and handle. A break of 9500 will confirm the pattern. Targets are 10k, 10300 and 10900. Only issue I'm seeing is that altcoins are not reacting. They are actually dropping as BTC is moving up. I still believe BTC is king and if the cup and hanlde breaks to the upside, alts will follow

PureStructureNoBS Updated 

BTC is has crossed and held first resistance in the daily chart. Now it will face major resitance at the 7800s. I believe this will be a big road block and take us back to the low 5000s level. I will update once we get price action at the 7800s level for confirmation of the sell out

PureStructureNoBS Updated 

Clear cup and handle for ETH can take us to the 200s. Please be aware it is the weekend, which means that we will probably have fake breakouts. For confirmation of the pattern, we need a close above 175 in the 4 hour

PureStructureNoBS Updated 

Here is another great low risk high reward opportunity.

PureStructureNoBS

ETH is rejecting resistance at 164 and possibly touching the top of a bear flag. Great sell opportunity with a low risk high reward scenario