The short positions on Bitfinex keep increasing. Also the largest Grayscale unlock is coming on 18 July. We expect high volatility during this weekend.

Bitcoin update!

Not reaching the upper trendline of this falling wedge is clear sign that bears are currently in control

Bitcoin is currently trading near the lows of a significant on-chain volume node.

Between prices of $31k and $34.3k, over 1.86M $BTC have transacted on-chain, equivalent to 9.93% of the circulating supply.

This is now convincingly the largest realised volume cluster since $12k.

Bitcoin update

The bottom is close!

Our forecast on ADA/USD pair is being followed so far almost perfectly.

The question is, are we going to reach the local bottom around these prices and start a mini uptrend.

Bitcoin update!

The continuation continues which makes a lot of people anxious and impatient.

Yeah, this is not an ideal market condition for active traders but you have to deal with the conditions markets are offering.

If it's slow and not volatile at all, forcing trades could make you enter the trade just before a big shakeout on both sides of the market.

That's what I expect and once it happens, I'm going to analyze the structure of that shakeout and start looking for the next trade.

As an investor, buying now is definitely a good spot as $40k for Bitcoin is coming. the question is when.

People is scaring the GBTC (Grayscale Bitcoin Trust) Unlock dates might cause the massive dump at the moment ( A big week for Grayscale with scheduled GBTC unlock starting today).

Today, July 18, is of particular interest, with that day’s unlocking worth just over 16,000 BTC.

Let's see how it goes but it's probably nothing will happen.

Bounce, or break, that is the question

MATC/USD in the area I said will be reached sooner or later.

Now waiting for price action to show us, buyers, in this area otherwise this can keep dropping.

Big wick candle or bullish engulfing is required to appear and show us that there're buyers interesting in this coin.

Grayscale today announced the launch of the Grayscale DeFi Fund, offering exposure to $UNI, $AAVE, $COMP, $SUSHi & more.

Our forecast for the days/weeks ahead of us.

So far our forecast is being followed

ETH/USD is currently at a very important price level.

We need this support to hold otherwise we could face a serious downtrend continuation.

If we get a long wick candle at this level, it would be extra bullish but let's wait for it to form because the market is currently far away from being bullish.

ADA/USD is currently testing the most important price level on the chart for bulls.

Losing this level would set this coin in big trouble as we all know how important this level is and how many times it acted as a support.

Let's what happens!

After one month, we're in a buy zone I was talking about when no one thought about it.

I'm now analyzing signs and looking for buy signs.

So far, it doesn't look that bad.

European Commission proposed a new law to tighten regulation and traceability on crypto transactions. Now crypto companies need to take KYC of sender and receiver of crypto assets.

We got the bounce but we need continuation in order to expect bullish price action in the upcoming days/weeks.

We need this move to at least reach $32 000, then spend a day or two ranging there before further going up.

We’re getting required continuation.

Waiting for $32 000 👌

We reached $32 000 😎