CRYPTOWZRD - OFFICIAL

2023-04-07 04:29:20 Bitcoin is still trading at the resistance target zone area which is a sign of a slowdown. We need a breakout from this tiny range to get a bias. A dip below $27,600 will make it bearish and we should see a decline towards $25,000 and lower. Above $28,800 it will push higher and get a possible long opportunity. I expect a dip from here unless the NFP data pushes it higher tomorrow. Tomorrow, I'll look for more scalp opportunities if there's a better chart formation and enough volatility from the NFP event. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_ Open / Comment

2023-04-07 03:48:48 DXY closed with an indecisive candle today and the next move from here will rely on the US NFP data while other banks outside of the USA will be closed for a bank holiday. Most moves will come from DXY. The Weekly closing will also have an impact tomorrow. I will pay more attention to the intraday chart. Tomorrow, I will closely monitor the intraday chart formation, especially during the US fundamental data release and we should expect high volatility tomorrow. I will be looking for scalps if we get enough volatility. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_ Open / Comment

2023-04-06 17:09:06 Bitcoin Market Update:

Bitcoin and BTC.D are both trading as a doji so far but things can get changed anytime.

BTC.D is pushing upside which will hurt altcoins against BTC pairs.

Bitcoin is trying to push down but still needs to breakout below $27,600 WZRD Support which will make Bitcoin bearish from here and offer a further downside move towards $25,000 zone & lower. However, a bullish breakout above $28,800 WZRD Resistance can push it higher towards $32,250

The next move from DXY as well as the US stock indices should have an impact over Bitcoin.

My primary focus will be on the intraday chart today and whatever Bitcoin does most altcoins will follow that.


Intraday:

The intraday chart is moving slow and choppy but has overall weakness in the market

A breakout below $27,600 (POI) will offer a short towards $26,200 or lower - Red WZRD Projection

A move above $28,690 (POI) Bitcoin can offer a long towards $30,250 - Blue WZRD Projection

Trade position setups have been provided for the above scenarios with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

H1: https://www.tradingview.com/x/Vco2UAyy/
Daily: https://www.tradingview.com/x/wSqekdZz/
BTC.D: https://www.tradingview.com/x/T4bsbnKe/

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2023-04-06 05:35:32 Bitcoin failed to move bullish today after a re-test of the $28,800 resistance target. Bitcoin is still trading between the Daily range area. We need a breakout to get a bias. Below $27,600 Bitcoin will turn bearish and above $28,800 it will become bullish. The US stock indices and the US dollar should have more control over Bitcoin from the current location. Tomorrow, I'll look for more scalp opportunities if there's better chart formation and enough volatility. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_ Open / Comment

2023-04-06 04:40:42 DXY closed slightly green today although we need more healthy candles to get bullish momentum and a move towards the 104.20 resistance target. A dip below 101.30 and holding below will offer a further dip in DXY. Anything is possible, we need more healthy candles to call a bias from here. Whatever DXY does from here the rest of the financial market will follow. Tomorrow, I will closely monitor the intraday chart formation of major currency pairs and look for quick scalp opportunities. We should expect some volatility tomorrow. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_ Open / Comment

2023-04-05 16:46:51 Bitcoin Market Update:

Bitcoin dominance is declining but Bitcoin is pushing up and now teasing $28,800 WZRD resistance again

A bullish breakout above can push the market towards $32,250 but below $27,600 WZRD Support Bitcoin will turn bearish targeting $25,000 & lower

Bitcoin has been trading between this WZRD resistance area for a while now, we need a directional bias with a successful breakout to establish the next swing trend.

The US stock indices and DXY should also have an impact on Bitcoin.

My primary focus will be on the intraday chart and whatever Bitcoin does, altcoins will follow that overall sentiment.


Intraday:

The intraday chart is moving choppy and into the same range area.

Now teasing $28,690 (POI) WZRD WZRD resistance area, it can dip more from here and keep moving into the sideways range area until NFP event. However, a successful bullish breakout above it will offer a long towards $30,250 - Blue WZRD Projection

Below $27,600 (POI) Bitcoin will turn bearish and will offer short towards $26,200 and lower - Red WZRD Projection

Trade position setup has been provided for the above scenario with all necessary information including Entry, Targets, Stop Loss, RR & Criteria to take the trade.

H1: https://www.tradingview.com/x/TlMbFeVs/
Daily: https://www.tradingview.com/x/VB1V1JOL/
BTC.D: https://www.tradingview.com/x/4rwvFKSO/

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2023-04-05 04:49:21 Bitcoin closed with an indecisive Daily candle today and it is still maintaining the resistance target zone and the double top. We need a bearish breakout below $27,600 to get a further dip towards $25,000. Any bullish sentiment can push above $28,800 as well and turn bullish towards $32,250. We need to wait for the market to get a bias. Further weakness from the US stock indices should have a bearish impact on Bitcoin unless the US stock indices push higher tomorrow. Whatever Bitcoin does, the rest of the market will follow. Tomorrow, I'll look for more scalp opportunities if there's a better chart formation and enough volatility. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_ Open / Comment

2023-04-05 04:17:14 DXY closed bearish today and is now trading very close to the 101.30 major support target. Above 104.20 it will offer a further upside move. We need a breakout from this Daily range to get more clarity on the next major move in DXY. Whatever DXY does from this region, the rest of the financial market will follow. Tomorrow, I will closely monitor the intraday chart formation of the major currency pairs and look for quick scalp opportunities. We should expect some volatility tomorrow. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

https://twitter.com/cryptowzrd_ Open / Comment

2023-04-04 17:41:34 Bitcoin Market Update:

Bitcoin and BTC.D are both are trying to push higher though both of them are experiencing a pullback so far.

BTC.D can dip more eventually from this region though such a move will help altcoins to gain some momentum against their BTC pairs

Bitcoin can move in either direction from the current location.

Above $28,800 WZRD Resistance it can push higher but a Bearish Daily candle today will make Yesterday’s Daily candle a Hangingman and it will dip more if we get a breakout below $27,600. On the other hand, a bullish daily closing today will make yesterday’s candle as a hammer and that will push the market with more upside pressure

My primary focus will be on the intraday chart today.

Whatever Bitcoin does rest of the altcoins will follow that. However, the US stock indices will play a major role as well.


Intraday:

The intraday chart is moving volatile and we should see more volatility from this range area.

We need a breakout from here.

A stable bullish breakout above $28,690 (POI) will offer a quick long targeting $30,100 - Blue WZRD Projection

Below $27,600 (POI) Bitcoin will offer a short towards $26,200 and below $26,200 the decline will accelerate - Red WZRD Projection

H1: https://www.tradingview.com/x/om9uMrpA/
Daily: https://www.tradingview.com/x/r6FrbmzI/
BTC.D: https://www.tradingview.com/x/Ezra9uzW/

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JOIN: https://cryptowzrd.com Open / Comment

2023-04-04 04:36:19 Bitcoin closed bearish and it is showing more signs of weakness from this double-top area. We should see a further dip below $27,500 and we need a healthy bearish candle as today’s Daily candle will work as a hanging man which is bearish. However, any spike from the US stock indices and a decline in DXY can push Bitcoin up as well. In such an event, above $28,800 Bitcoin can turn bullish. $25,000 will be the support target and $32,250 will be the resistance target. Tomorrow, I'll look for more scalp opportunities if there's a better chart formation and enough volatility. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

https://twitter.com/cryptoWZRD_ Open / Comment