BTC 4h update

Stuck in the resistance zone

We are still hovering in this neutral zone

Update

Back in the bullish zone. Need to stay above EMA200

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

🔥 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!

⚠️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

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

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

BTC: Bullish Above, Bearish Below
Must Read

https://www.tradingview.com/chart/XBTUSD/zX2phEew-BTC-Bullish-Above-Bearish-Below/

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​🔥🚀 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

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

CME BTC Futures (BTCJ20) expiring in 1 hour

📍These Futures were launched on Dec. 16

Expecting some high volatility (right at the expiration time or on Monday) since the price of Bitcoin is consolidating in a tight range after yesterdays $700 move

BTC 1D chart

📍BTC is at a massive Resistance Cluster: MA200 + EMA200 + Strong Horizontal Level + Mid Line of the Channel

Let’s recall previous times when BTC was attacking resistance clusters earlier this year and BTC broke them fairly easily. Resistances are meant to be broken one day.

💡From that stand point, if we break the resistance at ~7.9k, we can expect a continuation to the upside to fill the CME Gap

🚀BTC halving: less than 2 weeks to go!

As expected, the number of ​Google Searches for «Bitcoin halving» has already exceeded the 2016 numbers, which means the interest is much higher (no surprise, this time there are more people involved)

​🔥🚀 Here we go again! BTC is pumping and GUESS WHAT? We are in a nice profit!

On April 23 in our Bullet Scalping channel we entered a Long trade on XBTUSD with 5x leverage

🎯 All targets reached! Profit 30%!

If you want to buy our Bullet Scalping subscription - contact @Likeniss

BTC 1D chart update

Quote from the previous analysis: «Resistances are meant to be broken one day»
And here it is - we broke through the resistance cluster like we did in the past, nothing new.

Previous support now will act as a strong support

📌Moreover, we entered the CME Gap territory. There is plenty of room to go up according to it

That was quick

We almost closed the CME Gap