Expect BTC to stay within choppy stage with bearish bias till beginning of February. No trade zone here. At the end of this stage there will be either bullish breakout of this falling wedge or break down and retracement to 26k / 23.5k - both scenarios equally possible.
Yesterday's dip ended up with another dip buys. As you see that 4H candle started bearish but ended up almost at the middle of previous candle - that is a strong bullish signal. Still the volume under that bounce is rather shitty. Plus I see Dollar Index rising and stocks falling at 4H. Ain't good for crypto. Bullish factor - yesterday day candle also...
Have high hopes for this coin. Will grow much more. Targets 1950 - 2140
Bitcoin have entered fourth year of of its 4y cycle which means that in December 2021 we will see all time high for the following 2-3 years at least. This year promise to be great and I'm sure we will make a lot of money together =) Don't try to judge it from "over" bought point of view. At this stage it doesn't really work, although I'd be careful as tomorrow...
I can see Perlin accumulating within wide channel 1700 - 2500. Breakout should give nice bullish impulse that will take this shitcoin to ~4150 / 4780 / 5350. That is up to 150% for the hodlers.
Today will be snapshot for XRP holders for distribution of Spark tokens. We may expect price to rise before it and dump straight after it. At least this is the most obvious price action that often follows such events. Sure a lot will depend on BTC price as well, but still shorting XRP near 0 UTC seems to be the best option. We may expect XRP price to bounce back...
Just a reminder that BTC price can be very volatile while going up in parabolic style. This night we already experienced 6% dump (dips bought out). Open chart on November-December 2017 too what moves we may expect this season. Same day it retraced by 6% just as today. On November 29th it dumped by 25% in less then 4 hours. Recovered in 4 days and made another 129%...
BTC gone parabolic and hit 13200 resistance. Next historical point at 13868 - gateway to 16300. But I doubt it will grow much higher on that impulse. Might wick above 13k once again to cut off too tight stops for short positions and then drop back to 12500 / 12000. Besides DXY found minor support and should also bounce, which should push down USD pairs for all...
BTC reached final target making 3 legs on the way (at smaller timeframes). Elliot would say its enough and retracement targets should be previously broken resistance zones at ~11150 and 11k. But if you look at daily, Bitcoin still gain momentum, so shorting would be a risky action, and shouldn't be taken without SL above HH. I'll take short here with stop loss,...
Before the re-test of hard rock solid 10700 resistance, there might be a wick to ~10240 to gain liquidity. But if that wick won't stop at drop below ~10130, bearish trend will gain fuel and evolve further. With all these scenarios equally possible, right now BTC just moves sideway, killing as much longs&shorts as possible from both sides. * CME closed at 10550,...
KNC can give 20-30% easy. If pullback to 130-136, then even more. And that is neutral scenario. Bullish scenario assume targets 245 / 280 / 340 (up to 140%). 🛒 Buying 14200 / 13300 / 12400
Week charts for SP500, Gold and Dow Jones look like shit - means its all just a beginning of retracement. BTC look better, but that might be only because its being late for the dump show. At daily TF SP and Dow charts are at support, which gives a hint they might bounce soon. Now what about Bitcoin? So far it manage to hold above 10240 support. Amazing....
So far this chart doesn't show much sellers pressure. Mostly volume comes from dip buys. Still stick to idea that ~366-370 zone is attractive for the next dip buy. Besides it gives best risk reward in case of surprise dump. Easy to overage cost and exit.
UNISWAP index knocking on 24350 resistance second day in a row. Above 25700 resistance tested once. Above 26900 resistance not yet tested. All of them are targets for longs.
Look at Oil chart. 20 days ago I've noticed bulls weakness and now we witness full retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back. France is went up to 4th place in the world in active cases. India took the second. While fairytales...
Stocks were pushed by Trump's fed bzzzz machine and grown to record 3588 value, but in the end even that bubble dumped. We can see big volume picking up the dips here - signal that SP500 may consolidate or even bounce back to ~3444-3500. I think Oil prices will give more realistic picture of what to expect, so stocks are secondary here. Week chart show great...
GOLD was always there as an indication of real value. Now consolidates before the next big move. If stocks/oil drop, Gold will be the one to save your ass. But if it drop below 1900, we may very well see it at 1800. The following days will show, if 1930 is strong enough to hold Gold from that bearish scenario. Week chart show that Gold is still within good uptrend
Reality usually brings what most people less expect. Many thought CME gap 9665 - 9925 will be quickly closed and BTC bounce back up. This created huge amount of long orders below this zone that been holding price for 6 days already, but CME gap still open. During this time support got much weaker. If those who opened longs below 10k close them on re-test of 10300...