1-BTC
Solana long term viewHere is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5).
It's a wait and watch game from long term investment perspective. Incidentally, most other cryptos too show same ABC correction and chances are most of them will turn together with possibly BITSTAMP:BTCUSD turning up a little sooner than the rest.
Bitcoin Bottom Formation Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides.
Why I say so? there are 2 reasons for it
1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized.
2- Fundamentally and historically each previous bear cycle intersect with each other , If you would have see C2 intersect with C1, C3 with C2,C1, C4, with C4,2,1 and current cycle C5, Intersected with C3,2,1 but C4 intersection still pending thats again somewhere pointing at 16.9k approx
#BTC to $24500 in SwingsEarlier in my YT i have provided insights that how can one short till 29500 but it actually went way beyond that. I think prior to upward movement to 24500, it can range break to 26500 as well, But any new hodlers i prefer btc might reach 15089 and i think making new assets upto that level has prior more oppurtunity to hold. Now one can enjoy buys above 21400. But dont hold above 35000. high time can get reversed
Bitcoin Short Term AnalysisBitcoin after the rally from making the lows is under correction and I expect it to go slightly higher from current levels and give another drop below 20k levels which would complete the correction and then a rally higher from there which could take it for the targets of 23k to 25k. One more sharp correction is required to complete the pattern but it can also come going higher than 21600.. Right now my expectation is for a regular ABC correction but if it goes past 21600 and make new highs then it would be either an expanded flata or running flat. Most likely should be a running flat in that case as Bitcoin seems to be holding 19900 levels which was previous high..
btc analysishead and shoulder are still there in our list just that now we assume it to create on a trend line rather than on a support line
if it breaks out with volume then we may reject the resistance or else a downward even with the breakout
I don't see this as a relief rally yet
this cant be the bottom as the volume has not increased much with increased prices in past
let's wait and watch for now
I am currently watching the market to react not entering any trade
if it's a successful breakout will enter a small amount or we will get a nice dip to enter in future
btc analysiswe may see a bottom W pattern in btc as there was a sudden rise in price which I don't seem to be a good signal as the Binance said that its buying were fake and fear greed index is still in red being such fear in market the volume will be low so we can get to see a rejection at given point and than a fall in price
with a further increase if it completes W patter we will get to see a relief rally not a bull run i will say but a nice pump for a short time
$BTC Daily update$BTC Given range remains in effect with $20,812 resistance holding. $19,894 showing some good support for last few hours, Last 1D candle closed with Doji could prove as confirmation to 1D bullish engulfing from 19 June. Good chance to break $20,812 here, Continue watching given resistance and support areas on the chart.
BTC/JPY - weekly Analytics + Altcoins 20.06.2022On June 19, investors reached a maximum of pessimism. Usually at such moments there is a market reversal. In order to confirm it, the formation of momentum in the area of 3400000 is required, after which a corrective rollback will be formed with a high degree of probability. For more risky traders, entry points to buy are present at the current marks.
Altcoins
Tron formed a false-break from the bottom diagonal boundary of a potential triangle, it looks stronger than the market at the moment and has already diverged paths with the bitcoin , a strong confirmation would be an increase to the area of 0.08
BTC/USD - weekly Analytics + Altcoins 20.06.2022On June 19, investors reached a maximum of pessimism. Usually at such moments there is a market reversal. In order to confirm it, the formation of momentum in the area of 25-26 thousand dollars is required, after which a corrective rollback will be formed with a high degree of probability. For more risky traders, entry points to buy are present at the current marks.
Altcoins
Tron formed a false-break from the bottom diagonal boundary of a potential triangle, it looks stronger than the market at the moment and has already diverged paths with the bitcoin , a strong confirmation would be an increase to the area of 0.08
Update: BTC broke $ 20000, what' next?so BTC followed the projected path! there seems to be one more small push down before some relief is seen.
the relief could be a wave (iv) in blue or alternatively a bigger bounce (which remains to be seen that its a bullish reversal or a wave 2 rally only to fail and continue the decline down later).
Trade safe!