First, I was wrong. I expected a longer fight toe, but I did not consider surpassing the 86K target and ringing in our particular period. The explicit exposition of the US president in supporting crypto led tons of new people and industries to buy Bitcoin and Altcoin as investments. The UK minister agreed to include BTC in the pension plans as an anti-inflation...
From a barely technical point of view, the bullish force should continue around 81.2K, on the weekly bias, before starting the drawdown. Meanwhile, the last monthly target is over 86K, according to the Fibonacci retracement. From a bearish lookout, the previously identified buy zone, around 34-35k, is even more confirmed by the fibonacci weekly last-take...
HELLO Such a big big week!! We had a huge NEW SURPRISLY ATH, All Time High !!! And every day is a huge ATH... Amazing, I am enthusiastic. Anyways, let's quickly analyze the past trend. Target hit @ 80000. The range was broken at 70500 before a slight drawdown around 67K, where the limit order started, and a strong recovery to the past HHH at 73K. What is...
Hey everyone, here's a quick update on the BTCUSDT situation following yesterday's analysis. I've made some adjustments to the trendline on the daily timeframe. I consider the movement on July 28th and 29th to be a fakeout, as it coincided with a range left behind since the first week of June. The pattern and type of candles, including a bullish engulfing...
Are we finally over these almost 7 months range ? The post-halving situation is not super illiidc as we belived. But, if we analysised the last halving, we can find few similaity with the today situation. The 2020 halving started from an historical higher high price level, the movements were slower, and BTC undertook a lateral position before hit the post-halving...
Helloooooooooo. WE TOOK THE TARGET WE. TOOK. THE. TARGET. Here it is. whet we said 6 months ago. we have been saying, even against all the predictions around the market... BTC must go down before breaking the 70k range. So here we are. We have taken a - Maximum short-term level recovery that coincides with the inefficiency left behind in February. -...
Update strategy ongoing 1. The range was respected : when the price moved outside strongly reacted by reaching our zones. 2. The inefficiency at 58.7k was recover at first range break out. This is now a interesting zone, the plot reacts every time touches it or, if overpass this levels, strong breaks. 3. The inefficiency left at 53.7k left a range, which...
Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k. The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level. I was looking for a probable BARR but, as said...
Today, BTCUSDT has reached one critical point. In the past analysis linked here, we were waiting for two left-behind point, one between 56k and 53k and another below 51k, around 45k. The price recovered the inefficiency, kept the lateral movement on the 60k resistance, consolidated by returning to the 63k level. I was looking for a probable BARR but, as said...
What's a normal price channel ? I define the normal price channel as a funnel where the price is considered fair or normal, nor overpriced or underpriced. This channel shows the consolidated growth of a pair. It's a heir of the Bollinger Bands Indicator, which shows if the price is under or overpriced. With this channel we are not focused on the price...
It's evident the sharp decrease of the pair BTCUSDT. i passed the last week identifying the main reason for this new bearish movement. Is it a drawdown or a change in trend ? By simply analysing the trend last 2-moths action, we can identify the a range, between 60.6k and 72.6K. The upper level correspond to the historical HH. The lower bound is a POI and Point of...