Did you know about the 128-Day Moving Average?
This is a special MA. Let me show you why
📌 This particular moving average was derived exclusively for Bitcoin, because it’s been pretty accurate in catching dips and highs throughout the Bitcoin’s history
It’s close to 20-Week MA or 21-Week EMA, but on the daily scale
This is a special MA. Let me show you why
📌 This particular moving average was derived exclusively for Bitcoin, because it’s been pretty accurate in catching dips and highs throughout the Bitcoin’s history
It’s close to 20-Week MA or 21-Week EMA, but on the daily scale
So, now let’s take a look at the current picture
Right now BTC is sitting at a very critical support - the notorious MA128 which is in line with the bottom of the upward channel & horizontal support
🐂 Bullish bias as long as the price is holding above the support (the bottom of the channel & MA128)
🐻 If this support cluster breaks, I think there’ll be no much stopping us from reaching 9k area where we have another horizontal level and MA200
Right now BTC is sitting at a very critical support - the notorious MA128 which is in line with the bottom of the upward channel & horizontal support
🐂 Bullish bias as long as the price is holding above the support (the bottom of the channel & MA128)
🐻 If this support cluster breaks, I think there’ll be no much stopping us from reaching 9k area where we have another horizontal level and MA200
CryptoBullet
ETH update Back in February I published a pretty bold idea on ETHUSD calling for $800 Ethereum price We had good chances to break the Major S/R Level at that time, but the Black Swan spoiled the party What’s interesting is that the bottom of the upward…
ETH update
Look at how perfectly the price of ETH reached the Resistance Cluster and got rejected there
And also notice how well the Major S/R Level is supporting the price since the rejection
📌 ETH has to hold this support level, otherwise it will lead to a nasty bearish outcome (test of previous swing high $270)
Look at how perfectly the price of ETH reached the Resistance Cluster and got rejected there
And also notice how well the Major S/R Level is supporting the price since the rejection
📌 ETH has to hold this support level, otherwise it will lead to a nasty bearish outcome (test of previous swing high $270)
CryptoBullet
Last week BTC perfectly touched EMA21 [ This particular moving average was insanely successful in catching the dips during the previous bull run, so this time it definitely deserves our attention ] 💡Technically speaking, we got the pullback to EMA21 and…
BTC Weekly update
EMA21 still perfectly holding up the price, but there is a serious point of concern:
Bitcoin weekly MACD crossed to the downside
📍It doesn’t cross that often but when it does it leads to some nasty falls
But I do not see any catastrophic drop yet
💡Despite the bearish MACD cross, it's important to stick to the levels
- If EMA21 breaks, next stop would be 9k
- If MA50 breaks, final destination would be MA200 (~7k)
In my opinion, it’s the lowest the price can go
EMA21 still perfectly holding up the price, but there is a serious point of concern:
Bitcoin weekly MACD crossed to the downside
📍It doesn’t cross that often but when it does it leads to some nasty falls
But I do not see any catastrophic drop yet
💡Despite the bearish MACD cross, it's important to stick to the levels
- If EMA21 breaks, next stop would be 9k
- If MA50 breaks, final destination would be MA200 (~7k)
In my opinion, it’s the lowest the price can go
CryptoBullet
XMR has been accumulating for quite a while Looks like a rounding bottom with a possibility of turning into a nice Cup&Handle Currently sitting at the neckline. It might fall from here towards the Support Cluster and bounce back to the neckline and break…
🚀 XMR broke out like I expected!
🎯 First Target Reached!
Profit 13% so far
🎯 First Target Reached!
Profit 13% so far
CryptoBullet
🚀 XMR broke out like I expected! 🎯 First Target Reached! Profit 13% so far
🎯XMR hit the second target!
Profit 24%
Profit 24%
CryptoBullet
So, now let’s take a look at the current picture Right now BTC is sitting at a very critical support - the notorious MA128 which is in line with the bottom of the upward channel & horizontal support 🐂 Bullish bias as long as the price is holding above the…
BTC 1d Update
Selling pressure caused by BitMEX FUD pushed the price of Bitcoin all the way down to MA128 (came $50 shy of it, but we can count this as a test)
The upward channel is intact, support still holding
🐂 Bullish bias as long as the price is holding above the support cluster (the bottom of the channel & MA128)
🐻 Bearish if the support breaks (MA200 would be the first target in that case)
[💡Watch that support trendline on the RSI. It can break down the support before the price breaks down. Some kind of a leading indicator ]
Selling pressure caused by BitMEX FUD pushed the price of Bitcoin all the way down to MA128 (came $50 shy of it, but we can count this as a test)
The upward channel is intact, support still holding
🐂 Bullish bias as long as the price is holding above the support cluster (the bottom of the channel & MA128)
🐻 Bearish if the support breaks (MA200 would be the first target in that case)
[💡Watch that support trendline on the RSI. It can break down the support before the price breaks down. Some kind of a leading indicator ]
CryptoBullet
BTC on CME The price of Bitcoin is shaping up as a perfect rising wedge (generally bearish formation) on 1h CME chart Moreover, there’s a small Gap between 10670-10575 📍 💭Wouldn’t be surprised if we have a pullback here
BTC CME update
🎯 The Rising Wedge broke to the downside as expected!
🎯 The Rising Wedge broke to the downside as expected!
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CryptoBullet
BTC CME update 🎯 The Rising Wedge broke to the downside as expected!
📉 BTC keeps crashing as expected. My analysis played out just perfectly!
🎯 CME Gap got filled!
Congratulations to those who followed!
🎯 CME Gap got filled!
Congratulations to those who followed!
CryptoBullet
BTC 1d Update Selling pressure caused by BitMEX FUD pushed the price of Bitcoin all the way down to MA128 (came $50 shy of it, but we can count this as a test) The upward channel is intact, support still holding 🐂 Bullish bias as long as the price is…
BTC is again testing the support of the channel
Nothing has changed
Nothing has changed
CryptoBullet
BTC 👀 Bullish
So, BTC did close the daily candle above MA50
Need to see a a continuation to the upside
Cautiously bullish now
Need to see a a continuation to the upside
Cautiously bullish now
Jack Dorsey’s Square purchased $50 million worth of Bitcoin
In September MicroStrategy bought a fat chunk of Bitcoin ($425 million)
This is a very bullish sentiment 🚀
What are the odds that other cash-rich companies like Google, Apple, Microsoft will not get serious questions about Bitcoin at the next shareholder meeting?
📌 Note
Apple has $193.8b in cash on hand
Microsoft has $136.6b
Google has $121.1b
Only $25b of capital needs to flow into Bitcoin to push it to $1T market cap (5x from the current level)
In September MicroStrategy bought a fat chunk of Bitcoin ($425 million)
This is a very bullish sentiment 🚀
What are the odds that other cash-rich companies like Google, Apple, Microsoft will not get serious questions about Bitcoin at the next shareholder meeting?
📌 Note
Apple has $193.8b in cash on hand
Microsoft has $136.6b
Google has $121.1b
Only $25b of capital needs to flow into Bitcoin to push it to $1T market cap (5x from the current level)