All targets were reached. Everything that exceeds $7000 will be confirmation of Bitcoin strength but catching long position now is very risky and could be compared to buying Bitcoin above $15k in 2017. You have chance but overal trend is not sustainable and there will be opportunities of buying lower.

Futures closed at $6350 yesterday and we have currently potential gap of 10%. Even if we open Monday with this gap, we do believe the price will throughout the week ahead try to reach at least to test that gap.

When next setup comes up we will let you know. Until then, we are waiting for focus is shifted towards altcoins that may take the action if expected slowdown in BTC price happens.

That’s being said, the alts with biggest potential are margin alts.

Happy Saturday and be grateful for these prices. I should everyone has to be happy with this performance because it confirms the strength of bulls in the market.

Get ready for Ethereum with targets at $200 and $240.

Just to mark the price at which this was shared and to capture this unbelievable funding rate. Using 25x leverage and holding position for a day would cause you to lose 30% of your position. In 3 days, you would lose entire position just because of funding.

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Do not move your whole funds there but moving part of funds is recommenced so you can take opportunity and trade with the way lower fees.

https://www.tradingview.com/x/RZd0UAHU

It took 49 minute for target to be reached 😯🤯

Thank you Vitalik

Two great signals were shared in last 2 days. What’s next?

It’s time to wait for price to reach buy levels. We marked two very important areas

https://www.tradingview.com/x/hhhldPYu

Buying above these levels only in case of short-term long opportunity.

I’m back, I hope you didn’t miss me 🙋‍♂️

Finally it is coming back below 60%. It does indicate the potential slow down and ranging above 6k. Once we spot next extreme point that aligns with market conditions, we will share with you.

This is our next focus. Try to research the reason for this ratio on Bitfinex. So far, the math says it will go up. Any major change will be updated.

Done✅

Crypto Market Right Now 🐃🐻

I’m back, I hope you didn’t miss me 🙋‍♂️

It couldn’t be more precise 😜
Whatever goes up will come down sooner or later. There will be times FOMO will make you a profit but if the FOMO is your strategy, sooner or later you will end up where the majority of traders.

Futures gap tested perfectly 👌

If Bitcoin wants to go up in short-term (next couple of days-weeks), it shouldn’t come close to this swing low. So the support now is around $6500.

Any price action below $6500 will be very risky because everyone will put stop loss below that swing low and if that are gets reached, we could see price even going below $6000 and considering that monthly close is coming in couple 2 weeks the price has to be bought up instantly if that drops happens otherwise we could be in problems because of big shooting star formation that could form on monthly close that wouldn’t be bullish at all.

If that happens, new lows won’t happen on Bitcoin but Bitcoin could enter into consolidation range between $5000 and $7000 for couple of months.

It would be perfect scenario for altcoins that would probably create mini alt season if BTC starts consolidating.

So crypto is looking great and that’s the fact. New lows are not coming in our opinion. The only question we have now is either if BTC is going to enter consolidation around 6k that would be very healthy for next move up or we are going to break 8.5k (2019 ATH) and reach next resistance (10k).

The main reason for the drop is mentioned gap on CME futures.

Short-term (next 48 hours) price can go in any direction but generally the market is very strong and there will be up movement very soon.