mickey_v

mickey_v

Hopium has spread across the market over the past fortnight as BTC climbed to +69k. The real question is that "IS IT A BREAK-OUT TO ATH?". Let's quickly dive into the action. There's NO DOUBT that BTC is going through accumulation phase. Although it has taken longer than what we anticipated (~8 months), our long-term narrative is still unchanged - IT'S ONLY A...

mickey_v

September came to a close with ~7.3% gain on 1M Candle. However, our scenario for BTC is still intact. Let's quickly dive in what current PA is showing. 62k - 65k level has been a critical level over the past fortnight. We also pointed out several signs of exhaustion at this level on our last article. Nevertheless, this level is still a puzzle to solve as it...

mickey_v

September is coming to an end with Monthly Candle exhibiting approximately 8% gain from its open (at the time of writing). However, PA is showing some weakening factors that could ruin the party. Let's quickly dive in. 1. SIGNS OF EXHAUSTION ON 1D CHART As much as the hype of increasing Global Liquidity, Bitcoin is clearly showing fatigued price action (PA)...

mickey_v

The ultimate question has been flowing around crypto community - IS BITCOIN BOTTOM IN, YET? A probability of economic recession or worse is still the talk of the town but was quickly relieved after FED cutting 50bps (first time in 4 years!!!). However, we are NOT out of the wood yet. Since the large dip at 49k, Bitcoin had a relief run to 65k, then a minor...

mickey_v

Bitcoin has made several attempts breaking out of 31k zone but quickly got rejected back to 29k level. The market exhibits an extremely tight consolidation range. What's next? __________________________________________________________________________________ WHAT'S HAPPENING? Bitcoin continues ranging in a tight consolidation. Major resistance is 31k and major...

mickey_v

Bitcoin has not yet shown any strength of reversing. The only positive news is that price quickly bounced off 25.8k level and currently situated at 26.7k. What are the levels to look at if the price falls below the current level. __________________________________________________________________________________ WHAT ARE THE LEVELS??? Bitcoin is displaying a...

mickey_v

Bitcoin has traded within an extremely tight price range for the last several days with a break-down of SMA100 (on the daily) last night (GMT+10). Meanwhile, the percent of 1+ years old supply keeps creeping to an ATH of >68%. WHO IS ACTUALLY SELLING? _________________________________________________________________________________ CURRENT MARKET SITUATION...

mickey_v

Bitcoin in April and May 2023 still exhibits tough price action. It seems like THE ONLY TREND from here is BEARISH? NOT SO FAST!!! Let's quickly jump into more action. _______________________________________________________________________________________________________________________________________________________ CURRENT PRICE ACTION After hitting mini...

mickey_v

After an impressive rally throughout Q1.2023, Bitcoin has faced off some of the toughest challenges of this year. Despite of disappointing price action, Bitcoin, as a network and a community, has witnessed immense fee pressure and guiding miner fee revenue towards...

mickey_v

After several weeks of out-performing rally, the market is taking a rest. Within this consolidation, we have witnessed a price range between 26k - 29k with some profit-taking at 29k and mild accumulation around 26k. Amidst complaint against Binance and CEO CZ by CFTC, Chinese Yuan prevailed by the BRICS or uncertainty within global financial status, Bitcoin...

mickey_v

The digital asset market has experienced the first significant pullback since the rally throughout January, retracing from a weekly high of $23.5k to a low of $21.5k. Some highlights of the week come along with significant regulatory news coming out of the US, such as Kraken being fined for their staking services, legal action against Paxos' issuance of BUSD...

mickey_v

Market correction has marked 1 month 6 days at the time of writing. After a whole year of major bull run, a month of correction is necessary and healthy for the market. ABC correction pattern is still in play with B leg has finally exhausted at 1,944 USD. WHAT'S NEXT? TECHNICAL ANALYSIS After completing B leg, Ethereum went straight down to 1,500s USD zone....

mickey_v

Thirty-five percent on swing long is quite remarkable for a short-term rally. Some might have started thinking of a bullish return. The answer is yet to come ... TECHNICAL ANALYSIS In our previous verdict on the least expected scenario, Ethereum finally broke out of 1,452 USD and headed back to 1,700s USD zone. However, what was NOT on our verdict is that the...

mickey_v

Today has marked, at the time of writing, 7 days of 35% dip from the coin's ATH. The coin's current volume at 1,288 USD - 1,390 USD support level shows weak accumulation. Buyers' lack of interest at this strong support could be a psychological signal of whether or not Ethereum could hold at current price point or simply buy-side is waiting for ANOTHER MAJOR DIP...

mickey_v

It has been a ride for the last 12 months as the whole crypto space entered a new cycle of madness. Just on March 9th last year, Ethereum still wandered around 85 USD and at the time of writing, the price marked 346 days of roughly 2,000% increase. What a honeymoon! Nevertheless, as a man running uphill, he needs a pitstop to rest, recover and ready to push...

mickey_v

Last week has witnessed Ripple on a roller coaster of emotions. It started the week of a wild 28% gain in three consecutive trading sessions then declined dramatically 4 days after. Some began to call for Ripple moon run whilst others calling yearly low again. Putting aside all talks, the coin is winding up serious setup for the next bull run. Technical...

mickey_v

Never in 2019, breaking yearly low was so close on Aug 14th and 28th. August has gone with Ripple so under-performing. However, Ripple has raised from the dead and showed tremendous accumulation around this zone. What happens next? Technical Analysis: Ripple has tested yearly low with heavy accumulation around 23 - 25 cents mark. Price action ever since...

mickey_v

Nothing has changed for 2 weeks, Bitcoin continues to consolidate within a tighter range between 9.5k and 10.6k. However, the market slowly shows a clearer structure of the next impulsive wave. Pathway to current ATH is clear. Sit tight and don’t miss your chance! The origin of all trends: Market structure has always been one of the strongest indicators out...