CryptoBullet
BTC Massive Update https://www.tradingview.com/chart/XBTUSD/GVZ7z6gz-BTC-Massive-Update/ ❗️Guys, please, click the LIKE button. We would appreciate it.
On February 20th we published BTC Massive Update. At that time the price was at $9550 sitting at the Major support
Major support eventually broke down and here we find ourselves in our next Support Zone (8600-8800) 🎯
What’s important: we reached MA200 & EMA on the daily + 0.382 Fib along with the strong horizontal level and High Volume Node
The support we are sitting at right now is very strong
Major support eventually broke down and here we find ourselves in our next Support Zone (8600-8800) 🎯
What’s important: we reached MA200 & EMA on the daily + 0.382 Fib along with the strong horizontal level and High Volume Node
The support we are sitting at right now is very strong
CryptoBullet
On February 20th we published BTC Massive Update. At that time the price was at $9550 sitting at the Major support Major support eventually broke down and here we find ourselves in our next Support Zone (8600-8800) 🎯 What’s important: we reached MA200 &…
BTC Update (zoomed in)
💡The overall picture does look good for a bounce off the support. The daily is printing a reversal candle (bullish hammer) at the strong support with the wick below MA200 and the body above it. Expecting a bounce from here to at least 9k.
However, the daily candle has 12 hours to go, but at this point of time this reaction looks bullish
💡The overall picture does look good for a bounce off the support. The daily is printing a reversal candle (bullish hammer) at the strong support with the wick below MA200 and the body above it. Expecting a bounce from here to at least 9k.
However, the daily candle has 12 hours to go, but at this point of time this reaction looks bullish
CryptoBullet
ETH parabola still intact
ETH update
ETHUSD reached two levels of interest ($225 & $210) that we pointed out on February 12th and bounced off of EMA50. Those were great levels to buy some ETH.
Ethereum looks good as well as BTC
ETHUSD reached two levels of interest ($225 & $210) that we pointed out on February 12th and bounced off of EMA50. Those were great levels to buy some ETH.
Ethereum looks good as well as BTC
CryptoBullet
💭 Breaking the channel at this moment does not feel right, because if we do it will be too bearish. Stock market is bouncing after a bloodbath. BTC could follow. 💡We can even redraw the channel in the most conservative way in order to give BTC the last chance…
Nasty rejection at the channel’s bottom line
CryptoBullet
Now let’s point out some BTC bearish signs Death Cross between EMA50 & EMA200 impending on 4h chart, but we are way below it already, so do not rule out a bounce to the Death Cross vicinity and after that continuation to the downside
The Death Cross on 4h was fallowed by a lower low, however there’s a potential bullish div on the RSI
CryptoBullet
📌Technically speaking, CME Gap at ~8550 still not closed. There is another small one at around 7680
CME Gap at 8550 has just got closed!
📌CME BTC Futures expire today at 4:00 p.m. London time
📌CME BTC Futures expire today at 4:00 p.m. London time
Hey BTC Bulls, Do Not Pray for an Economic Crisis!
https://www.tradingview.com/chart/BTCUSD/tSSkaRsS-Hey-BTC-Bulls-Do-Not-Pray-for-an-Economic-Crisis
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https://www.tradingview.com/chart/BTCUSD/tSSkaRsS-Hey-BTC-Bulls-Do-Not-Pray-for-an-Economic-Crisis
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CryptoBullet
BTC Update (zoomed in) 💡The overall picture does look good for a bounce off the support. The daily is printing a reversal candle (bullish hammer) at the strong support with the wick below MA200 and the body above it. Expecting a bounce from here to at least…
BTC update
We are still holding the support. Regained MA200 and now consolidating above it. Good sign
We are still holding the support. Regained MA200 and now consolidating above it. Good sign
CryptoBullet
BTC: That nasty rejection did its job
BTC 4h
The downward channel still relevant, especially its support line. Acting as a great Support/Resistance
The downward channel still relevant, especially its support line. Acting as a great Support/Resistance
CryptoBullet
BTC update We are still holding the support. Regained MA200 and now consolidating above it. Good sign
BTC update
Like we had expected, we finally got a bounce to 9k area and currently sitting at 9.1k.
It seems like we are in the middle of nowhere
📍Next resistance is around $9350: 50-Day MA + 0.5 Fib + Strong Horizontal + High Volume Node on VPVR
Like we had expected, we finally got a bounce to 9k area and currently sitting at 9.1k.
It seems like we are in the middle of nowhere
📍Next resistance is around $9350: 50-Day MA + 0.5 Fib + Strong Horizontal + High Volume Node on VPVR
CryptoBullet
BTC 4h The downward channel still relevant, especially its support line. Acting as a great Support/Resistance
BTC 4h update
Yesterday we broke the mid line of the downward channel, turned it into a support and now the logical continuation would be a move up to the channel’s resistance, which is in line with what we see on the daily chart - resistance cluster at ~9350
Yesterday we broke the mid line of the downward channel, turned it into a support and now the logical continuation would be a move up to the channel’s resistance, which is in line with what we see on the daily chart - resistance cluster at ~9350
BTC: The Low Must Be In! Otherwise it’s a failure
https://www.tradingview.com/chart/BLX/n0NzOuqU-BTC-The-Low-Must-Be-In-Otherwise-it-s-a-failure/
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https://www.tradingview.com/chart/BLX/n0NzOuqU-BTC-The-Low-Must-Be-In-Otherwise-it-s-a-failure/
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❗️BTC Broke Down 6k on spot market
Moreover we’ve got the state of backwardation
What Is Backwardation?
Backwardation is when the current price - spot price of an underlying asset is higher than prices trading in the futures market, and that’s when we should pay very close attention to it and consider entering a long position
Moreover we’ve got the state of backwardation
What Is Backwardation?
Backwardation is when the current price - spot price of an underlying asset is higher than prices trading in the futures market, and that’s when we should pay very close attention to it and consider entering a long position
CryptoBullet
BTC: Fated to Go Below 6k? https://www.tradingview.com/chart/BTCUSD/qnZSNCNV-BTC-Fated-to-Go-Below-6k/ ❗️Don't forget to subscribe to our Trading View profile & press the like button. We would appreciate it.
🎯 BTC was fated to go below 6k and it has done it today
(check out our Trading View idea published on December 15th)
(check out our Trading View idea published on December 15th)
CryptoBullet
⚠️ Open Interest is at a new All-Time High
Open Interest above $1 billion once again has proven itself to be the best indicator to anticipate huge sell offs
From your point of view, is the bottom in or not?
Final Results
33%
The bottom is in
67%
We'll go lower