BTC/USD - Update! Price is continuing its sideways range since breaking below the $46K level of support. I have merged the volume profiles from the beginning of the range 4th of December until the current price action. $46K is the value area low which will…
I have been asked what projects I am looking to buy if we get a significant dip in the market. One of the projects I have my eye on is Avax. This is a solid project with an actual use case. But I am not looking to buy blindly. $64 / $65 region is an area of Intrest. This is a higher term time level + higher term time range point of control The secret to this type of setup is having patience.
This might not happen but its important to be prepared if it does
MARKET Update : Well, with that instant bart move down the LTF breakout is now ruined again. The chop is taking long as it always does, was hoping we’d be about done with it but seems like we’ll sit down here for a while longer. Won’t be doing anything…
BTC/USD - Update! We got a perfect bounce off the point of control with price now approaching the counter trendline resistance highlighted in yesterdays post. We also have the daily Naked point of control around that region too Still looking for that change…
Crypto Mining Companies Stock Performance has been on a steep decline over the past 2 months, with 5 of the 6 largest companies reporting losses in the double digits. The only company with pretty much no losses (-0.9%) has been Canaan, and this could be a sign of their early positive performance for the year.
How can this affect BTC and the market overall?
With mining companies reporting such losses over the last 2 months, we can assume that they’re not selling their BTC, and are waiting for better rates before liquidating. This is a strong indicator that price will see a short/mid term rise over the next few months, before another potential correction.
2022-01-15 18:49:14BTC/USD - Update! We got a perfect bounce off the point of control with price now approaching the counter trendline resistance highlighted in yesterdays post. We also have the daily Naked point of control around that region too Still looking for that change in trend in order to see further
2022-01-15 18:47:05DYDX/USDT - A coin with actual use case and is the 2nd most used DEX. Price is 70% down from its high and has now broken a long standing counter trendline. The point of control drawn from the high to the current low ($9 region ) is my point of interest. Want to see this level cleared to begin looking for a long
😮 #Bitcoin has crept back to $43.1k, & #Ethereum is back over $3,300. #Altcoins are still spread all over the place. Average trader returns, according to our divergence model, indicate $REN, $GRT, $COMP, $AMP, and many others are still in low risk spots, based on trader #FUD.
A few of you have asked about Link and what are my thoughts regarding this coin. Since the dump in early December, this has been one of the best-performing coins. One the higher term timeframes, price is trading within a well—defined range with price touching the lower boundary in December. Currently, the price is finding resistance at the point of control of the range. It's crucial that the price clear this resistance to see a continuation to the upside. If we get a retracement, the area of interest for me is highlighted in the chart. This area has multiple confluences to hold as potential support. The next move will depend on what BTC does next
Following on from yesterday's BTC update. We got a nice 5% bounce off the September low with the price yet again finding resistance near the top of the local range, and the price is now below the range point of control. If we get a 4-hour close below, then this increases the likelihood to dip lower. We have support at $40K and further down at $39250, which is an area of interest to me. The wick down yesterday created a lot of inefficiencies which makes it more likely that price will revisit this zone
I anticipate this huge head and shoulders pattern to be on everyone's radar by the end of this week. My opinion on patterns recently has changed. When we see a pattern form and the average traders are all beginning to draw the same pattern, these can be used against the majority as Whales will look to take the opposite trade.
In this example, imagine the whole Crypto Twitter is watching this head and shoulders play out. We begin to break down below the neckline. For most, this will confirm further downside and give a lot of liquidity ( new shorts opening ) to the bigger players to reverse the price and seek to liquidate the majority
I think BTC could hold for now at the crossroads of these two however I'm not sure it will hold as the bottom. I will look at everything tomorrow with clear head and give updates. Had a pretty tough day and I defo didnt want such dump today. As none of us ofc. But it is what it is, tomorrow I'll look deeply into everything and create a narrative for the market. Till then GN
BTC / USDT Don't panic, BTC is still standing at the 45K support That's good. Currently we have a lot of good areas for a long entry on ALTS BTC can go from the current area to 50k https://www.tradingview.com/x/UtI4xfoz/ @Whalescryptovip
Keep an eye on $BTS 👀 BTS is breaking out on the upside of a triangle pattern which is a bullish sign. It's a good area for a long entry. We expect it to go up really hard after this huge breakout... Buy setup is good for this coin https://www.tradin…
BTC/USD - Update! It's beautiful to see when an analysis plays out perfectly. As mentioned in yesterday's post, I anticipated a dip below yearly and monthly levels to grab liquidity which we got, and we are now seeing some reversal. The levels to watch now…
We are buying #BTS now #BTS broke out a descending triangle pattern on the upside which means now unstoppable🚀 You can use 5-10x leverage. Targets ⬇️ 1 👉 $0.043 2 👉 $0.044 3 👉 $0.046 4 👉 $0.049 5 👉 Moon 🚀🚀 @Whalescryptovip