Crypto Chimera Technical Analysis

2022-02-27 13:27:53 so that could dwell a scenario where companies cannot growth, OR its entirely the opposite. Bad management cannot execute mindless growth plans so they have to become smarter and work with the resources they already have, forcing them to improve internally. There is always three sides to the coin. Face, tails and the side.

You can make your bets and go for an overall momentum trading, which right now is going lower. Open / Comment

2022-02-27 13:26:23 Even the #SPX has corrections to the upside, but we can see that the trend is much clearer for the stock market, with lower lows and lower highs.

Still, it would seem this black swan event (the war) has not impacted the markets as much as covid.

HOWEVER, I am surprised about this mild reaction. Shortages of basic electronic components coming from China is likely to affect the whole word, especially tech companies. But if the predictions are true, even getting laptops for new employees will be extremely expensive or even impossible. Open / Comment

2022-02-27 13:24:31 Finally we have to observe the weekly timeframe.

We have two weekly bottom alerts from the WIlliams Fix indicator. However make sure to observe the grey downward trendline. We are not out of the woods yet.

The more we approach that line, the more likely BTC is going to be making a sudden move.

Right now, probabilities still favor the bears. Although there are scenarios where we have reached the bottom of this movement.

When you are facing strong resistance and support almost nothing is certain. Is this a bear market? Its BEAR-ISH, clearly not bullish, but its not that bearish either.

Signals are mixed and intertwined. Fundamentals will continue to reign in this kind of market but we are seeing positive responsive on how cryptos are helping during this war.

Why hasnt BTC plummeted already down to 25k or 18k during this new war?? Open / Comment

2022-02-27 13:21:28 The 4h timeframe tells a continuation story.

Here we can observe that we have been developing an Eve top at this price range, so this is likely to be a SUPPLY zone (a zone where traders will be selling their BTC).

The EMA20 on 4h, marked with the green line, is serving as dynamic support.

We could be seeing this supply zone beat the bulls and move down to our known demand zone of 36k.

If 36k actually works as support then it could be a bullish sign.

Sounds like all we can do at the moment is wait for this pattern to unfold. Open / Comment

2022-02-27 13:19:34 Good sunday folks. #BTC has not moved around much yet.

The timeframe that is giving me the most info right now is the 1h chart. Here we can see a multitude of things.

From top to bottom, first we have a descending wedge pattern that has squeezed the price just below the EMA200 of 1h.

We can observe a micro bottom here at $38300 which is interesting but also, very micro.

We can observe that the "upward" momentum is slowing down from where we started down at 34k

And finally we cannot ignore that ChandeMO is saying we are VERY oversold.

A new correction is likely to happen. To me that sounds like we will be failing to step above this EMA200. Open / Comment

2022-02-26 23:15:12 Not much to analyse at the moment. As I mentioned many times, it might be time to prepare for staking and farming, especially with stablecoins. Open / Comment

2022-02-26 23:14:40 We seem to still be in this scenario folks. Open / Comment

2022-02-26 23:14:06 Here is #BTC stuck at the EMA20 in the daily chart Open / Comment

2022-02-26 23:13:55 Exactly as we mentioned yesterday for now Open / Comment

2022-02-25 19:26:36 Not much to report today. #BTC still hasn't retaken the upper band of the keltner channel. And we still have a local resistance at 41k.

Its nice that we recovered and we got these two green candles. Especially the one from yesterday which is a bullish engulfing candle. Open / Comment