NWC is being beautifully supported by EMA100

There’s a bullish divergence on the RSI

Looks good to bounce

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

🚀 XMR broke out like I expected!

🎯 First Target Reached!
Profit 13% so far

🎯XMR hit the second target!
Profit 24%

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 ]

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!

🔥Best time to try ByBit is now!

To get up to $300 bonus you need to register through this link and use voucher code Get300fromCryptoBullet

https://partner.bybit.com/b/cryptobullet

63% of all bitcoins have not moved in a year

It’s the absolute maximum

A new bullish cycle is starting 🚀

📉 BTC keeps crashing as expected. My analysis played out just perfectly!

🎯 CME Gap got filled!

Congratulations to those who followed!

BTC is again testing the support of the channel

Nothing has changed

BTC 1D simplified view

The month-long constitution is coming to an end

It’s time to look at these two MAs since they are squeezing the price quite accurately, and trade the breakout

🐂 Bullish above MA50

🐻 Bearish below MA128

BTC CME Chart

A large pennant is ready for a breakout

If this structure resolves to the downside, we’ll fill the CME Gap at 9850-9645 📍

BTC 👀

Bullish

So, BTC did close the daily candle above MA50

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)

🚀 There we go!

BTC pumped nicely after the breakout just like I expected!

I hope my analysis helped you to make some money on this move

BTC 1d Update

Perfect bounce off of the channel’s support

Support trendline on the RSI hold as well

🎯 Target reached!

There’s more room to go up

If we can sustain this upmove, I would look for a test of the mid line of the channel at least (~11.9k)

We’ve got a new CME Gap at 11360-11095📍

I think it’s going to get filled

That would be a perfect test of the breakout level turning prior Resistance into Support

People have been fleeing BitMEX quite aggressively since the CFTC charges against BitMEX