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CryptoBullet
So, BTC did close the daily candle above MA50 Need to see a a continuation to the upside Cautiously bullish now
🚀 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
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 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
BTC 3h

We have a pretty clean horizontal channel with a couple of fake breakouts

Notice how the fake breakdown symmetrically cancels out the fake breakout of the horizontal channel to the upside

This confirms the channel boundaries I have drawn

EMA50 is coming near the bottom of the channel, so if we break them down, I believe we’ll reach Support 1 (11.1k) fairy quickly 🐻

🐂 Bullish if we breakout to the upside. In that case I would expect the price going to 11.9k
CryptoBullet
BTC 3h We have a pretty clean horizontal channel with a couple of fake breakouts Notice how the fake breakdown symmetrically cancels out the fake breakout of the horizontal channel to the upside This confirms the channel boundaries I have drawn EMA50…
BTC Update

Nothing has changed

Notice how EMA50 on 3h has been holding the price! Beautiful

Even though we have to stick to the well-defined levels to go short or long, I have a slightly bearish bias 🐻
This BTC consolidation starts to look like a Wyckoff Distribution

Beautiful support by EMA200. Break this one down and the sell-off will start📉
Another CME Gap between 11370-11470 📍
CryptoBullet
BTC Update Nothing has changed Notice how EMA50 on 3h has been holding the price! Beautiful Even though we have to stick to the well-defined levels to go short or long, I have a slightly bearish bias 🐻
🚀 Beautiful breakout to the upside!

As it was said in previous BTC update, it’s important to stick to the well-defined levels to go short or long

I hope you stuck to my analysis and went long when BTC started breaking out
Bitcoin is trending up while the stock market is going down (on 4h scale)

This divergence means that there’s some negative correlation again

💡Maybe this cycle we'll see the decoupling BTC from equities

Interesting to see how this will go with the Inflation to continue in the USD

Weak dollar is Bitcoin's ultimate catalyst 🚀
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CryptoBullet
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…
ETH update

So, after a massive BTC pump to 13k, ETH reaching $800 doesn’t look unreal, right?

The good news is that the Major S/R level held and now acts as a very strong support

However, $470-500 is a pretty tough area to break through

Once that Resistance Cluster is cleared, ETH will go up much quicker 🚀
BTC weekly

We’ve got a phenomenal weekly close!

- Multiyear horizontal resistance is broken!

- EMA21 held and now trending up

- Bullish MACD cross

- ADX looks extremely strong


This weekly chart sets us up for a continuation to the upside 📈
BTC Daily

We almost reached the top of this upward channel

💡A reasonable pullback from here would be visiting the mid line of the channel which sits around 12.5k

Overall, the picture looks decent. A minor pullback should not scare you

📍Look how healthy the Funding rate is at this point. This is good for the bulls
Bitcoin has spent 92 consecutive days above $10k

Absolutely incredible!
Yesterday the stock market had a pretty bad day, but Bitcoin was flat - we had a doji candle

📌 The elections are coming and the main question is how the markets will react

There’s a decent probability that the stock market will take a dip

Taking into account the correlation between BTC and S&P500, I don’t expect a severe BTC crash after the elections

💡We can just stay flat as we did yesterday while the stock market took a hit
CryptoBullet
BTC Daily We almost reached the top of this upward channel 💡A reasonable pullback from here would be visiting the mid line of the channel which sits around 12.5k Overall, the picture looks decent. A minor pullback should not scare you 📍Look how healthy…
BTC perfectly hit the top of the channel and got rejected there

Funding still flat, which is incredible

I think we’re not ready to breakout to the upside of this channel yet. Has to spend some time below the top. A pullback here will be a good buying opportunity

💡Going above today’s high would be insanely bullish. In that case I would expect 15k
Look how overheated the market was in 2019 at the same price we are right now - 13k