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.
#AGI ( BINANCE )
BUY : 0.00000240 - 255
Target 1 : 0.00000290
Target 2 : 0.00000340
Target 3 : 0.00000420
Stop Loss : 0.00000210
BUY : 0.00000240 - 255
Target 1 : 0.00000290
Target 2 : 0.00000340
Target 3 : 0.00000420
Stop Loss : 0.00000210
#AGI ( BINANCE )
BUY : 0.00000240 - 255
Target 1 : 0.00000290🎯✔️(first target achieved)
Target 2 : 0.00000340
Target 3 : 0.00000420
Stop Loss : 0.00000210
BUY : 0.00000240 - 255
Target 1 : 0.00000290🎯✔️(first target achieved)
Target 2 : 0.00000340
Target 3 : 0.00000420
Stop Loss : 0.00000210
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
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
⚠️Time to be cautious since there is a TD-9 Sell on the Daily BTC chart
📌This indicator has been pretty accurate at calling local tops resulting into 5-20% pullbacks
If we don’t manage to close above the resistance level today, this will look like a perfect top
In addition, there’s a decent gap on CME BTC Futures at 9925-9645 + Funding on BitMEX is pretty high, which incentivises a Long Squeeze
📌This indicator has been pretty accurate at calling local tops resulting into 5-20% pullbacks
If we don’t manage to close above the resistance level today, this will look like a perfect top
In addition, there’s a decent gap on CME BTC Futures at 9925-9645 + Funding on BitMEX is pretty high, which incentivises a Long Squeeze
BTC analysis
I believe we are not done with this pullback until the CME Gap is filled
The 200-Day EMA is coming right there + the declining resistance trendline from last year’s high
A retest of that area will be pretty textbook
💭 It’s just a pullback inside a bigger bullish structure
I believe we are not done with this pullback until the CME Gap is filled
The 200-Day EMA is coming right there + the declining resistance trendline from last year’s high
A retest of that area will be pretty textbook
💭 It’s just a pullback inside a bigger bullish structure
Eth will potentially hit 10k-15k dollar within this year. One of the best asset of the year 2021.
BTC/USDT analysis 📊
1D Time Frame ⏳
➡️ Today is a correction day for BTC with the price losing almost -20% intra day so far.
➡️ The drop has been contained exactly on the 0.5 Fibonacci retracement level, just below the 1D MA50, confirming its importance bias.
➡️ If BTC manages to close the session above it, it will be a buy opportunity similar that the 1D MA50 gave from October 2020 until the April 14 2021 All Time High.
➡️ If not, then the 1W MA50 (bold red trend-line) is the next support line.
➡️ The next Fib to fill is the 0.786 at roughly $54,400. A break above that level, brings BTC to the final barrier before the ATH , the High Volatility Cluster of $53,000 - $59,700.
1D Time Frame ⏳
➡️ Today is a correction day for BTC with the price losing almost -20% intra day so far.
➡️ The drop has been contained exactly on the 0.5 Fibonacci retracement level, just below the 1D MA50, confirming its importance bias.
➡️ If BTC manages to close the session above it, it will be a buy opportunity similar that the 1D MA50 gave from October 2020 until the April 14 2021 All Time High.
➡️ If not, then the 1W MA50 (bold red trend-line) is the next support line.
➡️ The next Fib to fill is the 0.786 at roughly $54,400. A break above that level, brings BTC to the final barrier before the ATH , the High Volatility Cluster of $53,000 - $59,700.