CRYPTOWZRD - OFFICIAL

2023-05-16 04:36:15 DXY did not move much today which is normal as Monday is the first day of the week where we are still undergoing Weekly transition. We can still get one more bearish Daily candle before getting a bullish move towards 104.20 to complete a decent Weekly pullback. Above 104.20 is the next major resistance target and 100.90 will be the next major support target. I will pay more attention to the intraday chart tomorrow to get a quick scalp led by DXY’s primary volatility. Tomorrow, I will expect more volatility. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

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

2023-05-15 15:44:28 Bitcoin Market Update:

Bitcoin and BTC.D are both pushing up and having a bullish pullback which should be considered a normal weekly pullback.

There have been no major changes in the Daily chart formation, as you can recall from yesterday’s update I mentioned that $28,100 can be retested, that remains the case

On the daily timeframe, $28,100 is the WZRD resistance and $25,000 will be the major WZRD support here.

I repeat. Bitcoin can re-test $28,100 WZRD resistance before declining towards $25,000 though it is not required

We need to wait for the market to offer more volatility.

DXY and the US stock indices both will play a major role in Bitcoin in this region


Intraday:

The intraday chart is choppy and has some volatility. We are now witnessing the weekly transition volatility.

A decline below $26,970 (POI) Bitcoin will start declining more towards $25,900 - Red Dotted WZRD Projection

Above $27,850 (POI) BTC can offer more upside move and form another intraday sideways range area - Blue WZRD Projection

H1: https://www.tradingview.com/x/vbtSF5yU/
Daily: https://www.tradingview.com/x/iC9oQ4Fr/
BTC.D: https://www.tradingview.com/x/g6tBhbQR/ Open / Comment

2023-05-15 05:56:05 Bitcoin did not move much today but it is still holding $28,100 as a resistance target and the Weekly candle closed bearish. We should see a further decline from the current location in the upcoming week where $25,000 will be the next major support target and $28,100 will remain the resistance target. Whatever Bitcoin does most altcoins will follow. I will pay more attention to the intraday chart tomorrow and will be looking for more scalp opportunities. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

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

2023-05-15 05:03:18 DXY closed strongly bullish in the Weekly chart and we should see further upside momentum in the upcoming week. Whatever DXY does, the rest of the financial market along with stock indices will follow. A breakout above 104.20 will be highly significant for the future bull in DXY. I will pay more attention to the intraday chart’s volatility in the upcoming week as we will not be facing any major fundamental data from the economic calendar. The market should prioritize the technical charts. I will be carefully monitoring the market to get more scalps in the upcoming week. Read the Weekly Forex Technicals on Twitter and let me know if you have any questions.

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

2023-05-14 03:32:38 Bitcoin did not move much today but closed with an indecisive candle. I expect a further decline from the current location but tomorrow it will be all about the Weekly transition. I will be tracking the intraday chart of Bitcoin and will be looking for more scalps if we get enough volatility. Whatever Bitcoin does, most altcoins will follow that. Any CME gap will get pressure to get filled tomorrow. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

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

2023-05-13 03:53:24 Bitcoin declined today but gave up most of its gains making it an indecisive candle. However, most of the market gave up as a reaction to the CME Weekly closing. We are now moving towards the weekend, where lower liquidity can cause some big swings or a slower market. I will be tracking the intraday chart in Bitcoin tomorrow and will be looking for more scalps if we get enough volatility. Whatever Bitcoin does, most altcoins will follow. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

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

2023-05-12 19:43:42 Bitcoin Market Update

The intraday chart is moving choppy and has weaknesses but we need a chart location to engage in another trade

A bearish breakout below $25,900 (POI) will offer a short and a push to $26,750 (POI) and then a rejection will offer a better short location

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.

Ahead of the CME weekly closing in a couple of hours, we should see more volatility.

The H4 candle closed with a Doji candle but is a Gravestone doji, we need more healthy candles from this location.

The Daily candle so far is bearish and I don’t see any change to that today.

Whatever Bitcoin does from its current location most altcoins will follow that.

I will be following the intraday chart to get more trade opportunities.

https://www.tradingview.com/x/RNGxTg5E/ Open / Comment

2023-05-12 05:46:11 Bitcoin finally had a breakout below $28,100 and we should see further downward pressure although a Daily pullback will be very normal. $25,000 will be the next major support target. Both an ABC corrective pattern and a H&S chart pattern are working together so far. However, any major fundamental event can change the market dynamic although chances are very minimal. Whatever Bitcoin does most altcoins will follow that tomorrow. I will expect more volatility, especially during Bitcoin’s CME Weekly closing. I will expect more scalps tomorrow. Let me know if you have any questions after reading today’s Crypto Technicals on Twitter.

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

2023-05-12 04:54:05 DXY moved bullish today and closed strongly bullish in the Daily chart. It should continue from here and have a bullish push towards the 104.20 resistance target. However, one more bullish Daily closing will be good for avoiding a fakeout. Whatever DXY does from its current location, the rest of the financial market will follow. The Weekly closing will be the main event tomorrow while the US Consumer Sentiment data can also cause some volatility. Tomorrow, I will closely monitor the intraday chart formation and will be looking for scalps. Read the Daily Forex Technicals on Twitter and let me know if you have any questions.

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

2023-05-12 00:42:36 WHAT OUR MEMBERS SAY…

https://twitter.com/prayagmakadia/status/1656767822804951043?s=46&t=mO_T79iSlz_n3lvHRo2PbA Open / Comment