BTC looks ready for a breakout on 1h 👀

Well, that was quick

🚀 BTC broke out like I anticipated!

BTC Hash Ribbon Buy Signal is Here!

Prior three times it led to some serious gains (30-50%)

If we get a 30% rise from the current price, that would put us at 25k. Too optimistic? We’ll see

So, the support held as expected and BTC made it all the way up to the last swing high and got rejected there

That was a good 7% rise in price

Now we are testing EMA50 again. If it fails, we should find ourselves at 18.2k Support in a blink of a eye and if this happens, that would be more bearish than bullish implying further breakdown


📍For now we have a trading range between 18.2k-19.7k. We can flip-flop here until we eventually break out

LINKBTC analysis

If we take a look at the weekly picture, we’ll see that LINK is sitting on the rising trendline that has been beautifully supporting the price since May 2019

Moreover, this rising trendline is now in line with EMA50 (which has also been relevant), so it’s a good support cluster

To time the breakout or a breakdown we need to wait for the next weekly candle to close, but things can develop quickly, so in order not to miss the action I’d use the 2D chart (or daily)

LINKBTC 2D chart

On 2D chart we see a that we approach the supporting trendline inside a Falling Wedge pattern

So it looks promising, but for a bullish trade we need to see confirmation

🐂 If we get a breakout of the local downtrend, the picture turns bullish

Keep an eye on XVG

The market structure looks pretty similar to XLM before the massive pump

BTC update

EMA50 has been holding like a champ so far!

💡 I think this particular MA will be key to the next major BTC move. If we break it down, next two support levels are pointed out

Anything above 19.6k on a closing basis is bullish with targets well above 20k

The Highest Bitcoin Weekly Close Ever!

200-Week MA started increasing more sharply (currently at 7.5k)

All my upside targets (Fib extensions) were hit!

If we do smash through 20k here, I would mark the next Fib extension at 24k (3.618) as a target 🎯

VET/USDT 👀

The price action looks like a pretty textbook Wyckoff Accumulation Schematic #1

All key points in the phases are present. Should VET go above the SOS (Signal of Strength) and there we go 🚀

Looks like BTC broke down the Key Moving Average

⚠️ Be cautious with XRP

Full measured move out of this triangle is 40%

Currently looks like a textbook bullish pennant, but it needs a confirmed breakout

🐻 Bearish below EMA21

XRP update

Like I said, that bullish pennant was looking pretty textbook but it needed confirmation

Confirmation would’ve been a closure above EMA21 and we didn’t get it

According to my analysis, by staying below EMA21 XRP should’ve been considered bearish

And the triangle breakdown followed 📉

I hope you didn’t get overexcited and strictly followed my analysis

📉 BTC finally crashed as expected!

🎯 First target hit, support got broken

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Update

With that bounce BTC only created a lower high. Lower low next?

🐻 Bearish bias until a higher low is created

With yesterday’s BTC dip we started filling this big CME Gap

Now it’s between 16995-17705📍

YOYO vs WAN

Interesting to see how this plays out

Just an interesting fractal

WAVES looks bullish here

💡Decent Ascending Triangle + ADX and positive Di trending up

Breakout should follow

Use EMA50 to manage the risk

BTC Dominance update

Look at that - we got a perfect rejection by EMA200 a couple of weeks ago

That’s exactly what I expected (read the previous update)

Now another important EMA is holding as a support - EMA100

📌 Until this Moving Average is broken to the downside, no talks about any Alt Season

WAVES broke down the triangle support but EMA50 is holding so far

This is still a higher low, so nothing is lost

EMA50 is do or die for WAVES