BTC 4h (zoomed in)
The price of Bitcoin is being squeezed between EMA200 (resistance) & the red horizontal line (support)
The volatility is imminent and more likely we will see a breakout tomorrow with the stock market open since there is some correlation.
📍CME closed at 7315, so there will likely be a decent Gap
💡If the sentiment on traditional markets well be positive (watch the S&P500 Futures), we could fill the gap tomorrow. If tomorrow is a red day in the stock market, get ready for lower 6ks.
The price of Bitcoin is being squeezed between EMA200 (resistance) & the red horizontal line (support)
The volatility is imminent and more likely we will see a breakout tomorrow with the stock market open since there is some correlation.
📍CME closed at 7315, so there will likely be a decent Gap
💡If the sentiment on traditional markets well be positive (watch the S&P500 Futures), we could fill the gap tomorrow. If tomorrow is a red day in the stock market, get ready for lower 6ks.
CryptoBullet
BTC 4h (zoomed in) The price of Bitcoin is being squeezed between EMA200 (resistance) & the red horizontal line (support) The volatility is imminent and more likely we will see a breakout tomorrow with the stock market open since there is some correlation.…
That escalated quickly 🚀
BTC now back above 7k
BTC now back above 7k
CryptoBullet
That escalated quickly 🚀 BTC now back above 7k
BTC is back in bearish territory
Death Cross present
Death Cross present
CryptoBullet
BTC 4h (zoomed in) The price of Bitcoin is being squeezed between EMA200 (resistance) & the red horizontal line (support) The volatility is imminent and more likely we will see a breakout tomorrow with the stock market open since there is some correlation.…
Like we said in previous BTC update, watch the S&P500 Futures
Bitcoin is still pretty much correlated with the S&P500
📌Bitcoin crashed at the same time with the stock market futures
Bitcoin is still pretty much correlated with the S&P500
📌Bitcoin crashed at the same time with the stock market futures
CryptoBullet
BTC 4h update We’ve been stuck in the Support Cluster for a while. Volume is declining which indicates that the big move is coming ⚠️ Golden Cross faded and the moving averages are now crossed in a bearish manner
BTC 4h update
Key points:
⁃ Support Cluster turned into a Massive overhead Resistance
⁃ RSI is still respecting that declining trendline amazingly well. As of right now we are bouncing off it
💡We may see a short-term bounce towards the resistance cluster and get rejected there. As long as we are below the resistance, the bias is bearish. That’s the technical picture, but keep an eye on the stock market. In case of positive sentiment there, BTC should follow
Key points:
⁃ Support Cluster turned into a Massive overhead Resistance
⁃ RSI is still respecting that declining trendline amazingly well. As of right now we are bouncing off it
💡We may see a short-term bounce towards the resistance cluster and get rejected there. As long as we are below the resistance, the bias is bearish. That’s the technical picture, but keep an eye on the stock market. In case of positive sentiment there, BTC should follow
CryptoBullet
BTC 4h update Key points: ⁃ Support Cluster turned into a Massive overhead Resistance ⁃ RSI is still respecting that declining trendline amazingly well. As of right now we are bouncing off it 💡We may see a short-term bounce towards the resistance cluster…
BTC 4h update
Quote from yesterday’s update: "We may see a short-term bounce towards the resistance cluster and get rejected there"
Wait, is this what exactly happened? Yes! The price did exactly what we expected!
We tested the Resistance Cluster and got rejected there
🐻 As long as we are below the resistance, the bias is bearish
Quote from yesterday’s update: "We may see a short-term bounce towards the resistance cluster and get rejected there"
Wait, is this what exactly happened? Yes! The price did exactly what we expected!
We tested the Resistance Cluster and got rejected there
🐻 As long as we are below the resistance, the bias is bearish
CryptoBullet
BTC is back in bearish territory Death Cross present
BTC is trying to break out and enter the bullish territory
CryptoBullet
BTC 4h update Quote from yesterday’s update: "We may see a short-term bounce towards the resistance cluster and get rejected there" Wait, is this what exactly happened? Yes! The price did exactly what we expected! We tested the Resistance Cluster and got…
BTC 4h update
Stuck in the resistance zone
Stuck in the resistance zone
CryptoBullet
BTC is trying to break out and enter the bullish territory
We are still hovering in this neutral zone
CryptoBullet
We are still hovering in this neutral zone
Update
Back in the bullish zone. Need to stay above EMA200
Back in the bullish zone. Need to stay above EMA200
CryptoBullet
BTC 4h update Stuck in the resistance zone
BTC 4h update
That declining trendline on the RSI played its role again! We bounced off of it and now trading above all moving averages
The struggle is currently the mid line of the channel. If we manage to break above it, new local highs here we go
📌Don’t forget there’s a pretty big CME Gap right at the top of the channel
That declining trendline on the RSI played its role again! We bounced off of it and now trading above all moving averages
The struggle is currently the mid line of the channel. If we manage to break above it, new local highs here we go
📌Don’t forget there’s a pretty big CME Gap right at the top of the channel
CryptoBullet
🔥 Oil dropped below $11 per barrel - the lowest price since 1986 Guys, you are witnessing history right now
Update: Oil dipped below $8 per barrel
This is the all-time low in Oil price!
This is the all-time low in Oil price!
CryptoBullet
Update: Oil dipped below $8 per barrel This is the all-time low in Oil price!
⚠️Negative Oil Price
This is insane!
It’s necessary to understand that the price of oil is being discovered on the futures market. Futures are expiring, so you are in the hook for taking delivery 🛢
Businesses are shut down, refineries and strategic reserves are probably full and there is no-one left that’s willing to take delivery of this oil next month
This is insane!
It’s necessary to understand that the price of oil is being discovered on the futures market. Futures are expiring, so you are in the hook for taking delivery 🛢
Businesses are shut down, refineries and strategic reserves are probably full and there is no-one left that’s willing to take delivery of this oil next month
CryptoBullet
BTC 4h update That declining trendline on the RSI played its role again! We bounced off of it and now trading above all moving averages The struggle is currently the mid line of the channel. If we manage to break above it, new local highs here we go 📌Don’t…
BTC 4h update
The mid line of this upward channel rejected the price, all the major moving averages were broken down and now we are below this Cluster of Resistance
🐻 As long as we are below EMA200, the bias is bearish
The mid line of this upward channel rejected the price, all the major moving averages were broken down and now we are below this Cluster of Resistance
🐻 As long as we are below EMA200, the bias is bearish
CryptoBullet
It’s been a complete mess with these Death & Golden Crosses during this 2-week consolidation ⚠️ Now BTC is on the verge of a Death Cross, but if the price managed to avert it, that would be a nice bullish sign
And here is a sustained breakout above the resistance!
❌ Death Cross averted
❌ Death Cross averted
BTC: Bullish Above, Bearish Below
Must Read
https://www.tradingview.com/chart/XBTUSD/zX2phEew-BTC-Bullish-Above-Bearish-Below/
❗️Guys, please, click the LIKE button. We would appreciate it
Must Read
https://www.tradingview.com/chart/XBTUSD/zX2phEew-BTC-Bullish-Above-Bearish-Below/
❗️Guys, please, click the LIKE button. We would appreciate it
🔥🚀 Good profit for the members of Bullet Scalping channel!
Look at that: yesterday we entered a long position at 6915 and now you see that BTC pumped by $300 exactly hitting our last target! We managed to catch this move perfectly. Profit 19%!
If you want to buy our Bullet Scalping subscription - contact @Likeniss
Look at that: yesterday we entered a long position at 6915 and now you see that BTC pumped by $300 exactly hitting our last target! We managed to catch this move perfectly. Profit 19%!
If you want to buy our Bullet Scalping subscription - contact @Likeniss
BTC update
The price found support above that cluster of moving averages and skyrocketed by $700! Like I’ve been saying: the bias is bullish as long as we are above EMA200
This upward channel keeps working insanely well. Look at where the price got rejected - right at the mid line of the channel (wait for the candle closure)
📌Decent Volume finally showed up
The price found support above that cluster of moving averages and skyrocketed by $700! Like I’ve been saying: the bias is bullish as long as we are above EMA200
This upward channel keeps working insanely well. Look at where the price got rejected - right at the mid line of the channel (wait for the candle closure)
📌Decent Volume finally showed up