€40,000 in 5 months.. 💰

Bitcoin closed indecisively today and is still teasing the $60,000 main support target. The next move from the current location will be very important and could trigger a rally above the Daily lower-high trendline towards $73,000 or higher. A move below $60,000 is a bearish zone. Getting the Weekly transition will be the main event tomorrow. I will be looking for the next market lead and more trade opportunities from the market based on the intraday chart formation. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

DXY closed indecisively in the Weekly chart and the upcoming week will lead a bias from this region. Anything is possible from DXY in the upcoming week. Below 104.90 is a bearish zone and a further bullish Daily candle will push the market higher. The US CPI data will impact the market more in the upcoming week as the pressure is building up on it to get a clue for the upcoming rate cut decision by the FED. A weak CPI data will lead to a decline in DXY and the FED will get a green signal for a rate cut sooner than later. I will be looking for more scalp opportunities based on the intraday chart in the upcoming week. Read the Weekly Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed indecisively today but it was all about the Weekly candle. It looks a little bearish but the candlestick is still an indecisive candle. Below $60,000 is a weaker zone for Bitcoin and that can cause a further decline. Above the Daily red dotted trendline Bitcoin should push upside quickly. I will be looking for the next market lead and more trade opportunities. The intraday chart formation should form a scalp opportunity if we get enough volatility tomorrow. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Bitcoin Market Update:

It’s going to be a fantastic week, buckle up… I smell volatility.. 👀

Bitcoin and BTC.D are both now trading bullish.

BTC.D is teasing the Daily WZRD resistance, a successful reversal from this region is very important for the altcoins to push higher otherwise they will not get the benefit of the bullishness of Bitcoin 🔑

⚠️ Bitcoin is now teasing the Daily lower high trendline, a successful bullish breakout will push it quickly towards $73,000 Daily WZRD resistance and eventually breakout above towards a new all-time high 📈

Whatever Bitcoin does most altcoins will follow that today, especially from the US trading session.  

Intraday:

The intraday chart is volatile though it is having a double top formation, it looks better in the H4 chart - I called this l over an hour ago 😏

1️⃣ A successful bullish breakout of $64,000 (POI) will offer a long though the breakout needs to be steady and holding above $64,000 for a while - Blue WZRD Projection 🚀

2️⃣ A move below $61,180 (POI) is a bearish zone and will offer short below towards $59,000 - Red WZRD Projection 🩸

H1: https://www.tradingview.com/x/Jfny6sUn/
Daily: https://www.tradingview.com/x/QLx4CO2t/
BTC.D: https://www.tradingview.com/x/fyoOhFDe/

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DXY closed indecisively today but the weakness in the chart is there. The upcoming CPI data will impact the market from this region. A move below 104.90 will offer a further decline towards 102.50 but a reversal can push it towards 107.00 or higher. I expect further weakness from DXY. Whatever DXY does, most financial assets will follow. I will be tracking the intraday chart development to get a scalp opportunity. Any comments from Powell can also lead to some fundamental volatility besides the core PPI data print. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed bullish today and it should push higher although the lower high trendline breakout is still important. We need to wait for a Daily confirmation to get the proper bias. A move below $60,000 is a weaker zone for Bitcoin and can cause a further decline too. I will be looking for trade opportunities tomorrow if we get enough volatility and quality setups. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Bitcoin Market Update:

BTC.D needs to decline more to get a rally from altcoins 🔑

⚠️ Bitcoin on the other hand now teasing the Daily Lower High Trendline, a successful bullish move will offer a rally towards $73,000 or higher 📈 $60,000 which is the main Daily WZRD Support needs to be held for now 💪🏻


Intraday:

The intraday chart is somewhat volatile and it has room to decline from the recent double top it had, which we called in advance 😎

1️⃣ A rejection from $61,180 (POI) is important after a re-test, once the momentum is back I will be looking for a long 🚀

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

2️⃣ A move below $61,180 (POI) Bitcoin can see more sideways volatility too - Red WZRD Projection 🩸

H1: https://www.tradingview.com/x/sj2wDsHE/
Daily: https://www.tradingview.com/x/5lp3HBrS/
BTC.D: https://www.tradingview.com/x/3HGfVpXR/

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DXY closed bearish today and it can decline further from the current location. 104.90 is the main Daily support target, a successful bullish reversal can lead a bullish move towards 107.00 or higher. A bearish breakout below can lead to further weakness towards 105.50. Whatever DXY does most financial assets will follow, although the key source of market sentiment will come from the US CPI data print tomorrow. I will be tracking the intraday chart development to get a scalp opportunity. Any comments on rate cuts and inflation from the FOMC members can also lead to higher volatility. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed indecisively today although we had a decline. Bitcoin needs to print more healthy Daily candles from this zone to get a bias and a trade opportunity from this region. A healthy bullish breakout of the Daily lower high trendline will push it higher. A move below $60,000 is a weaker zone for Bitcoin and can cause a further decline. I will be looking for trade opportunities tomorrow if we get enough volatility and quality setups. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Setup played out perfectly ✅

DXY closed bearish today and we should see further weakness from its current location towards 102.50 or lower but a bullish move above 104.90 can push DXY upside again towards 107.00 and higher. Whatever DXY does most financial assets will follow that although the lower CPI data will keep the bearish pressure on DXY. I will be tracking the intraday chart development to get a scalp opportunity. Any comments on rate cuts and inflation from the FOMC members can still lead to higher volatility in DXY. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed bullish today and we should see a further upside rally from the current location unless some fundamental changes take place. Whatever Bitcoin does most altcoins will follow that tomorrow too. $73,000 is the main resistance target from the current location. As Bitcoin broke the lower high Daily trendline we should see more impulsive bullishness from tomorrow. I will be looking to get quick scalps tomorrow based on the intraday charts. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_

Bitcoin Market Update:

Bitcoin and BTC.D are both now trading with indecisive candles after a beautiful move yesterday.

Moving slowly after a big move is very normal as the market is trying to survive the gain 💪🏻

⚠️ We should see a more bullish outcome from this zone. The impulsive move took place from the lower high trendline breakout yesterday fuelled by the US CPI data impact but it should offer a pullback from this zone or form a better chart formation to get the next trade towards $73,000 and higher 📈


Intraday:

The intraday chart is moving choppy now.

1️⃣ A pullback to $64,900 (POI) or a little below and then a reversal will offer a long towards $68,000 (POI) and higher - Blue WZRD Projection 🚀

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

2️⃣ A better chart structure that forms for a while above $64,900 can also lead to a long. The market can also move sideways for longer to hold the gain 🧘🏻

H1: https://www.tradingview.com/x/k9S0SaxO/
Daily: https://www.tradingview.com/x/mY4RCNhu/
BTC.D: https://www.tradingview.com/x/UjSwjq7e/

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DXY closed green today and is having a bullish pullback from yesterday’s decline from the weaker CPI data. Getting the Weekly closing will be the main event tomorrow and whatever DXY does most financial assets will follow. I will be tracking the intraday chart development to get scalp opportunities. Any comments on rate cuts and inflation from FOMC members can lead to more uncertain volatility. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_

Bitcoin closed indecisively today but as soon as the current pullback is over we should see the bullishness back again and move towards $73,000. Getting the Weekly closing in the traditional market will lead the overall market sentiment. Whatever Bitcoin does most altcoins will follow that tomorrow too. I will be looking to get quick scalps tomorrow based on the intraday charts. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_