adityasabnis

adityasabnis

In my previous ideas which were laid out when BTC was below 15K, I was expecting a pullback to 44K, 48K But given the pace of the rebound, i think 40K might be the area where the momentum will be exhausted. Though the weekly RSI is around 70, monthly still has some legs before pull back area Note: I am not a professional trader. This is not a financial advice.

adityasabnis Updated 

Reasons for going down: - Macro is a disaster - FED relentless rate hikes - Scams after scams after scams - Bitcoin dominance still pretty low Reasons for going up: - Monthly RSI is ridiculously oversold, like never before - All crypto youtubers are calling 12k or lower - Mainstream is calling that crypto is dead (again) - Most are bearish - The chart line I...

adityasabnis Updated 

I published an idea yesterday about a rebound to this trend line. This chart is a detailed pathway my previous idea.

adityasabnis

This chart is inline with my previous charts, that bitcoin might pump in the short term to 40K+ range before an impending global recession Look at my previous ideas which have detailed descriptions. I am not hard set on higher 40s btc or the price touching the drawn trendline, since lines can be drawn in numerous ways. Maybe, good idea to start taking profits 35k...

adityasabnis Updated 

- Down to technical support area - Rsi is in the lower range Playing exactly the same way on the BTC chart A bounce seems likely.

adityasabnis

Bitcoin seems to have still some decent upside. Given the low Monthly RSI

adityasabnis Updated 

50W SMA perfectly aligns with 61.8 fibs retracement.

adityasabnis Updated 

I am neither a technical analyst nor a short term trader. I just randomly thought of this pattern and wanted to publish my idea (first one). Don't take this to the bank. But a food for thought. Cheers

adityasabnis Updated 

Cardano seems to be approaching 50 MA resistance. It is most likely to fail breaking it as it is the first test. If it fails then it is unlikely to hold a dollar on the way down, since it has been tested several times in the past. My personal opinion. Not financial advise.

adityasabnis

Market is oversold and starting a short term bounce. Personal Opinion

adityasabnis

An immediate bounce(since we are 6 weeks in red already) followed by another leg down.

adityasabnis

This is extension of my previous chart, which only had a total drop comparison with 2017 peak. This chart breaks that down into 3 parts: - Initial drop ~67% - Relief rally ~55% - Next leg down ~68% Followed by a fresh rally :) It is fascinating to see the numbers derived for this cycle align well with our current support levels. Disclaimer: Not a day trader,...

adityasabnis

1) Below previous cycle high Bitcoin hasn't breached the previous high in the past, so the chances of it going below 20K are relatively low imo. (If we assume 65K was the cycle top) However, if we see a huge correction in the US stock market, this scenario cannot be ruled out. 2) 300W SMA If we switch to weekly chart and draw 300W SMA's, reaching our...