BTC weekly
Last week closed pretty bullish, because we managed to close above the downward channel resistance, MA20 & EMA21. Right now this cluster can act as a support and going below it would be dangerous for the bulls.
Last week closed pretty bullish, because we managed to close above the downward channel resistance, MA20 & EMA21. Right now this cluster can act as a support and going below it would be dangerous for the bulls.
BTC 12h
If we break those lows, we’ll likely hit that green area where we have the daily EMA200
⚠️Important: We are on the verge of getting a Golden Cross. In a perfect world, the price would keep falling into the cross and after that take off.
If we break those lows, we’ll likely hit that green area where we have the daily EMA200
⚠️Important: We are on the verge of getting a Golden Cross. In a perfect world, the price would keep falling into the cross and after that take off.
We haven’t seen the cross between MA200 & MA50 on 12h timeframe for a while and previous two times the crossing was pretty relevant and anticipated huge moves.
📌On March 1st, 2019 we had a Golden Cross. The price of Bitcoin was at ~3.7k. After the cross we reached 14k
📌On September 7th, 2019 we had a Death Cross. The price was at ~10k. After the cross we reached 6.4k
📌On March 1st, 2019 we had a Golden Cross. The price of Bitcoin was at ~3.7k. After the cross we reached 14k
📌On September 7th, 2019 we had a Death Cross. The price was at ~10k. After the cross we reached 6.4k
BTC Dominance
BTC dominance has been moving inside this Parallel Channel for quite a while. One week ago we broke down the mid line (notice how relevant the mid line of the Channel has been)
💡This is a pretty bullish chart for alts, because it suggests a return to the bottom of the channel, which would be a 5% decline from the current level.
BTC dominance has been moving inside this Parallel Channel for quite a while. One week ago we broke down the mid line (notice how relevant the mid line of the Channel has been)
💡This is a pretty bullish chart for alts, because it suggests a return to the bottom of the channel, which would be a 5% decline from the current level.
CryptoBullet
BTC Daily chart Perfect rejection by MA200 and now it looks like we are headed down to EMA200, but we need confirmation on the lower timeframe
BTC Daily update
Just like we expected, EMA200 got hit! And look at that bullish reaction! As of right now it looks like a reversal candle bouncing off of strong support. Wait for the daily close for confirmation.
Just like we expected, EMA200 got hit! And look at that bullish reaction! As of right now it looks like a reversal candle bouncing off of strong support. Wait for the daily close for confirmation.
CryptoBullet
BTC 12h If we break those lows, we’ll likely hit that green area where we have the daily EMA200 ⚠️Important: We are on the verge of getting a Golden Cross. In a perfect world, the price would keep falling into the cross and after that take off.
BTC 12h update
Our analysis played out very well again!
💡On January 20th we mentioned that breaking the lows would lead us to that greed Important Zone. And guess what? It happened just like that!
Once we broke that horizontal line, we fell quickly to our target zone (Breaking those lows was a good shorting opportunity)
Our analysis played out very well again!
💡On January 20th we mentioned that breaking the lows would lead us to that greed Important Zone. And guess what? It happened just like that!
Once we broke that horizontal line, we fell quickly to our target zone (Breaking those lows was a good shorting opportunity)
CryptoBullet
BTC 12h update Our analysis played out very well again! 💡On January 20th we mentioned that breaking the lows would lead us to that greed Important Zone. And guess what? It happened just like that! Once we broke that horizontal line, we fell quickly to…
BTC 12h update
Notice how that red line is acting as a perfect resistance now. Watch this one as the week is coming to an end.
⚠️If we get rejected by the resistance, we’ll test that ‘Important Zone’ at ~8200 again. That level is incredibly critical and revisiting it would be bad for the bullish case.
Notice how that red line is acting as a perfect resistance now. Watch this one as the week is coming to an end.
⚠️If we get rejected by the resistance, we’ll test that ‘Important Zone’ at ~8200 again. That level is incredibly critical and revisiting it would be bad for the bullish case.
CryptoBullet
BTC 12h update Notice how that red line is acting as a perfect resistance now. Watch this one as the week is coming to an end. ⚠️If we get rejected by the resistance, we’ll test that ‘Important Zone’ at ~8200 again. That level is incredibly critical and…
BTC 12h update
Our red S/R Line was eventually broken and that breakout kicked off this mini rally.
Our red S/R Line was eventually broken and that breakout kicked off this mini rally.
BTC: Tough Resistance Ahead, but If We Break It…
https://www.tradingview.com/chart/BTCUSD/5FtR7K3n-BTC-Tough-Resistance-Ahead-but-If-We-Break-It/
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https://www.tradingview.com/chart/BTCUSD/5FtR7K3n-BTC-Tough-Resistance-Ahead-but-If-We-Break-It/
❗️Don't forget to subscribe to our Trading View profile. And please, press the LIKE button. We would appreciate it.
📈BTC is showing a really impressive move. What’s interesting is that we are currently on the 7th consecutive green 12h candle (however the candle is not closed yet). This happens not so often, more than 6 green 12h candles in a row used to be a rarity.
⚠️Prior three times when we had 6+ green 12h candles in a row we did not end very well (we pulled back severely). Just saying
⚠️Prior three times when we had 6+ green 12h candles in a row we did not end very well (we pulled back severely). Just saying
BTC: Many Things Are Lining Up for a Big Move
Very important BTC update!
https://www.tradingview.com/chart/XBTUSD/y6IqPLf6-BTC-Many-Things-Are-Lining-Up-for-a-Big-Move/
❗️Guys, please, press the LIKE button. We would appreciate it.
Very important BTC update!
https://www.tradingview.com/chart/XBTUSD/y6IqPLf6-BTC-Many-Things-Are-Lining-Up-for-a-Big-Move/
❗️Guys, please, press the LIKE button. We would appreciate it.
CME BTC Futures (BTCF20) are expiring in 4 hours
📌These are the Quarterly Futures and they were launched on Oct. 28 (right after that 43% crazy pump within two days) and right now the price is at almost the same level.
💡Expecting some volatility at least, but this expiration can trigger a massive move (right at the expiration time or on Monday), Open Interest is still extremely high - near $1 billion
📌These are the Quarterly Futures and they were launched on Oct. 28 (right after that 43% crazy pump within two days) and right now the price is at almost the same level.
💡Expecting some volatility at least, but this expiration can trigger a massive move (right at the expiration time or on Monday), Open Interest is still extremely high - near $1 billion
📈 Look at this surge in Google Searches for «Bitcoin halving»
Can you imagine how high the interest will be one month before it and the day of the halving?
Actually yes. Just take a look at what happened in 2016.
The question is Will it be higher than in 2016? Probably yes, because this time there are more people involved.
📌Note: during the 2016 pre-halving rally the price topped out 3 weeks before the halving
Can you imagine how high the interest will be one month before it and the day of the halving?
Actually yes. Just take a look at what happened in 2016.
The question is Will it be higher than in 2016? Probably yes, because this time there are more people involved.
📌Note: during the 2016 pre-halving rally the price topped out 3 weeks before the halving
BTC 8h
👉Look at the BitMEX Funding rate! It hasn’t been so high since late Oct. 2019. That’s definitely the reason for the bulls to be very cautious.
📌The price has been moving in an upward channel since the beginning of 2020. As of right now it looks like we got rejected by the mid line. Combining this with the unprecedentedly positive funding (and don’t forget about the rocket fuel ⛽️ that’s still waiting for its moment do add extra momentum to move up/down - $1B+ Open Interest) the picture does not look quite good for the bulls at all. We may visit the channel’s support (at least) if we do not break the mid line.
👉Look at the BitMEX Funding rate! It hasn’t been so high since late Oct. 2019. That’s definitely the reason for the bulls to be very cautious.
📌The price has been moving in an upward channel since the beginning of 2020. As of right now it looks like we got rejected by the mid line. Combining this with the unprecedentedly positive funding (and don’t forget about the rocket fuel ⛽️ that’s still waiting for its moment do add extra momentum to move up/down - $1B+ Open Interest) the picture does not look quite good for the bulls at all. We may visit the channel’s support (at least) if we do not break the mid line.
