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⚠️Time to be cautious since there is a TD-9 Sell on the Daily BTC chart

📌This indicator has been pretty accurate at calling local tops resulting into 5-20% pullbacks

If we don’t manage to close above the resistance level today, this will look like a perfect top


In addition, there’s a decent gap on CME BTC Futures at 9925-9645 + Funding on BitMEX is pretty high, which incentivises a Long Squeeze
CryptoBullet
LTC update: post-halving syndrome On Aug. 5 (the day of LTC halving) we mentioned that LTC can have some issues after the halving like in 2015. Right now LTC is playing with dangerous numbers by testing that horizontal level. This picture does not look…
LTC update

Like I said back in December, breakdown of that horizontal line was disastrous for the price

📉 LTC fell down by more than 30% since then

But after the darkest night comes the brightest day☀️
Average BTC Transaction Fee rose by 280% this month
(However still lower than the value of May 20th)

Fees typically spike with higher network usage and given Bitcoin's recent rally above $11k
The longer it takes for BTC to kick off the bull run, the higher the top will be!

Currently this model projects the BTC top at $76.9k 🚀
BTC update

When you consolidate for a long time, which we did, and volatility gets really low, which it did, then the following move is expected to be very significant and I would expect the first consolidation to be a re-accumulation phase

💡I am viewing the current relatively small consolidation as a nice Ascending Triangle which has more chances to break out to the upside📈
CME BTC Futures (BTCN20) expiring in ~1 hour!

📍These are the Half Yearly Futures and they were launched on Feb. 3

Expecting some volatility since BTC is consolidating & getting ready for a breakout
$NWC token looks promising here on KuCoin & HitBTC

It broke out of accumulation recently and and seems like it is re-resting the prior resistance for support

Local parabola was established off the lows, and there is no evidence of its failure yet

EMA50 is in line with the parabola providing additional support

Also keep an eye on EMA21, it’s been catching the dips perfectly lately
CryptoBullet
BTC broke out of the Ascending Triangle to the upside as expected 📍It happened right after the CME Futures expiration like I was anticipating
There we go! 🚀 Huge upswing as expected

BTC
has almost reached its breakout target!

Congratulations to those who followed
Happy Bitcoin Independence Date!

It’s been 3 years since the huge event UASF to get Segregated Witness into the Bitcoin ecosystem

The User Activated Soft Fork was a successful attempt to gain independence from miner governance and central control


📌Note
August 1, 2017: 1 BTC = $2.7k
August 1, 2020: 1 BTC = $11.7k
CryptoBullet
BTC broke out of the Ascending Triangle to the upside as expected 📍It happened right after the CME Futures expiration like I was anticipating
🎯BTC reached the triangle breakout target and even exceeded 12k for a while before the flash crash

Now waiting for the weekly close
📍We’ve got a new CME gap to close: 11465-11620
QTUM/BTC had a dip into the Golden Cross between EMA50 & EMA200

Support Cluster of EMA50, EMA200 & MA200 + Strong Horizontal Support held up the price during BTC ride to 12k

QTUM looks promising here
BTC: Macro View

https://www.tradingview.com/chart/BTCUSD/AyQPhbT1-BTC-Macro-View/

❗️Guys, please, click the LIKE button. I would appreciate it