Forwarded from Birb nest
#BTCanalysis
💵@vipclub_99 Ape/rture
LTF
1H:
The 1H chart basically gives a zoomed in picture from the 4H chart. The wick below 48125 shows there is buying pressure around the Mean, but weekend price action often has low participation from the market and wicks can easily happen, without clear indication of direction. Bulls need to move and get past 49k resistance to try to reach 50k and 51k resistance. Bears would be in control when 48125 breaks but especially when 46.8k breaks. That could lead to a higher timeframe trend break too.
💵@vipclub_99 Ape/rture
LTF
1H:
The 1H chart basically gives a zoomed in picture from the 4H chart. The wick below 48125 shows there is buying pressure around the Mean, but weekend price action often has low participation from the market and wicks can easily happen, without clear indication of direction. Bulls need to move and get past 49k resistance to try to reach 50k and 51k resistance. Bears would be in control when 48125 breaks but especially when 46.8k breaks. That could lead to a higher timeframe trend break too.
Forwarded from Birb nest
#BTCanalysis
💵@vipclub_99 Jimie
MTF 4H
It is good to see that the bulls are able to defend the 44K area. The hidden bearish divergence gave bears the momentum to push the price down. And a long wick pierced for a minute through the support zone, this suggests liquidity hunting. And then a bullish divergence started to playing out.
BPRO tells us that the 47K area is a local resistance area. And there is also horizontal resistance around 47k. General rule is that we avoid to buy at resistance. Waiting for a break out or retest is is a safer way of trading.
If bulls are taking over the momentum, then I consider,49.4K, 50.5K and 52.7K as the next resistance areas.
💵@vipclub_99 Jimie
MTF 4H
It is good to see that the bulls are able to defend the 44K area. The hidden bearish divergence gave bears the momentum to push the price down. And a long wick pierced for a minute through the support zone, this suggests liquidity hunting. And then a bullish divergence started to playing out.
BPRO tells us that the 47K area is a local resistance area. And there is also horizontal resistance around 47k. General rule is that we avoid to buy at resistance. Waiting for a break out or retest is is a safer way of trading.
If bulls are taking over the momentum, then I consider,49.4K, 50.5K and 52.7K as the next resistance areas.
Forwarded from Birb nest
#BTCanalysis
💵@vipclub_99 Crypto₿irb
DAILY REPORT
BITCOIN&MARKET UPDATE
HTF
1W:
The weekly session is mid way through so its too early for any local conclusions. For your information, the way I read today’s BTC breakout is that if it closes the day over 52k and weekly candle closes through 52k, this validates and confirms long-term breakout over the diagonal trendline. It’s a similar signal to one that we saw at 10k. It’s probably the last confirmation for the upcoming ATH and $100k+ levels coming in Q4.
Provided that no unexpected black swans, pandemics, military conflicts emerge, Im expecting this very signal to take us beyond 100k+ in November with 120k-150k peak in December 2021. Those are just my forecasts but I hope it unveils how seriously I take this breakout.
💵@vipclub_99 Crypto₿irb
DAILY REPORT
BITCOIN&MARKET UPDATE
HTF
1W:
The weekly session is mid way through so its too early for any local conclusions. For your information, the way I read today’s BTC breakout is that if it closes the day over 52k and weekly candle closes through 52k, this validates and confirms long-term breakout over the diagonal trendline. It’s a similar signal to one that we saw at 10k. It’s probably the last confirmation for the upcoming ATH and $100k+ levels coming in Q4.
Provided that no unexpected black swans, pandemics, military conflicts emerge, Im expecting this very signal to take us beyond 100k+ in November with 120k-150k peak in December 2021. Those are just my forecasts but I hope it unveils how seriously I take this breakout.
Forwarded from Birb nest
#BTCanalysis
💵@vipclub_99 JayTrader
DAILY REPORT
BITCOIN&MARKET UPDATE
LTF
1H:
On the hourly, we can see a breakout on price as well as OBV. A full measured move would take this to around 59.5k, which would fulfill the last breakout target from #official-calls. This doesn’t mean we will top out under 60k, but there is enough confluence in that area to say we could see somewhat of a pullback and/or range forming at that point. This should be good for alts, and I suspect we will see quite an alt season start to develop some time within the next days. We may still be a little early though, so don’t go too aggressive just yet.
That’s today’s BTC report! Have a great weekend and please leave a sticker if this helped! 🐬
💵@vipclub_99 JayTrader
DAILY REPORT
BITCOIN&MARKET UPDATE
LTF
1H:
On the hourly, we can see a breakout on price as well as OBV. A full measured move would take this to around 59.5k, which would fulfill the last breakout target from #official-calls. This doesn’t mean we will top out under 60k, but there is enough confluence in that area to say we could see somewhat of a pullback and/or range forming at that point. This should be good for alts, and I suspect we will see quite an alt season start to develop some time within the next days. We may still be a little early though, so don’t go too aggressive just yet.
That’s today’s BTC report! Have a great weekend and please leave a sticker if this helped! 🐬
Forwarded from Birb nest
#BTCanalysis
💵@vipclub_99 Jimie
LTF 4H
As explained before. Classical patterns need to be interpreted from the right context. This is another bear flag which can give many traders a bearish directional bias. However we can see now that it broke out to the upside. Theoretically this could be a fake out. But the point remains. Context is king!!
Speaking about fake out. There is bearish divergence forming. If bulls lose steam then I expect BTC revisiting the green box between 53k - 52.6K. The dark blue line is the 50MA and could also act as dynamic support. Because of the horizontal + 50 MA confluence I expect that bulls will defend this support zone. The next resistance is already explained in the 1D analysis.
💵@vipclub_99 Jimie
LTF 4H
As explained before. Classical patterns need to be interpreted from the right context. This is another bear flag which can give many traders a bearish directional bias. However we can see now that it broke out to the upside. Theoretically this could be a fake out. But the point remains. Context is king!!
Speaking about fake out. There is bearish divergence forming. If bulls lose steam then I expect BTC revisiting the green box between 53k - 52.6K. The dark blue line is the 50MA and could also act as dynamic support. Because of the horizontal + 50 MA confluence I expect that bulls will defend this support zone. The next resistance is already explained in the 1D analysis.
Forwarded from Cco - Birb Nest
#BTCanalysis
By Jimie
1D
Yesterday I mentioned that In case of retracement then I would look for horizontal support. In this case it is around 53k (grey box). BPRO bands also suggests that 53K is a (dynamic) support area. A retrace here is very healthy and there is nothing to worry about. Momentum is still bullish as we can see from the BPRO.
The next resistance levels I am watching is 59K and 63.5K.
Important note: No matter which direction you trade, down or up. Always use risk management. And now is NOT the time to use leverage!
By Jimie
1D
Yesterday I mentioned that In case of retracement then I would look for horizontal support. In this case it is around 53k (grey box). BPRO bands also suggests that 53K is a (dynamic) support area. A retrace here is very healthy and there is nothing to worry about. Momentum is still bullish as we can see from the BPRO.
The next resistance levels I am watching is 59K and 63.5K.
Important note: No matter which direction you trade, down or up. Always use risk management. And now is NOT the time to use leverage!
Forwarded from Birb nest
#BTCanalysis
💵@vipclub_99 LiBZ42
Daily
Bitcoin is looking very strong here on the Daily and I would not be surprised if we just break above this last resistance before ATHs and continue up for a while.
But we have to remember we are currently at resistance and the Daily chart looks a bit overextended. If we see a rejection here it would make perfect sense to see a retrace back down towards the Daily 20EMA (Blue) or Daily 50EMA (Grey) where we also have the 50% fib.
This idea would be invalidated if we see a break into new ATHs
https://www.tradingview.com/x/XtrsoGob/
💵@vipclub_99 LiBZ42
Daily
Bitcoin is looking very strong here on the Daily and I would not be surprised if we just break above this last resistance before ATHs and continue up for a while.
But we have to remember we are currently at resistance and the Daily chart looks a bit overextended. If we see a rejection here it would make perfect sense to see a retrace back down towards the Daily 20EMA (Blue) or Daily 50EMA (Grey) where we also have the 50% fib.
This idea would be invalidated if we see a break into new ATHs
https://www.tradingview.com/x/XtrsoGob/
TradingView
TradingView Chart
See more on tradingview.com
Forwarded from Birb nest
#BTCanalysis
💵@vipclub_99 Jimie
DAILY REPORT BITCOIN
LTF 4h
I’m in a long position now. And I don’t feel comfortable adding here to my current trade. BTC is basically flagging here in the middle of nowhere. The upper box is a place where I’m about to TP. And maybe if there is bearish price action going on at resistance then I will look for shorts. I will then mainly looking for serious bearish divergence and bearish reversal candle patterns around the specified resistance. IF bulls can reclaim 20.3k, which is my preferred scenario. Then I’m more than happy to open new long positions.
The market is very boring, but eventually BTC will choose a direction. Be prepared, plan ahead and make sure you set your alerts.
💵@vipclub_99 Jimie
DAILY REPORT BITCOIN
LTF 4h
I’m in a long position now. And I don’t feel comfortable adding here to my current trade. BTC is basically flagging here in the middle of nowhere. The upper box is a place where I’m about to TP. And maybe if there is bearish price action going on at resistance then I will look for shorts. I will then mainly looking for serious bearish divergence and bearish reversal candle patterns around the specified resistance. IF bulls can reclaim 20.3k, which is my preferred scenario. Then I’m more than happy to open new long positions.
The market is very boring, but eventually BTC will choose a direction. Be prepared, plan ahead and make sure you set your alerts.