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πŸ“‰ Daily Bitcoin chart review πŸ“ˆ

Bitcoin is back and crypto community is celebrating like if it was BTC that made ATH yesterday, not S&P500 and Nasdaq πŸ˜‚ In fact BTC underperformed stocks hard and only starting its journey to return to HTF uptrend. On daily it still moves sideway within same range in between 59k and 73k.

Even if I sound bearish, don't forget I gave longs on both recent bottoms - on May 1st at 57k and this Tuesday at 61.7k 😎 I am not bear or bull, I do my best to be unbiased price action trader. Higher timeframe trend remains bullish, so we catch those dips and look for lower timeframe confirmations to enter longs. And when I talk bearish stuff I'm just trying to cool you down not to act like degens.

Narrow red zone on the chart is resistance and 67222 is April 22nd swing high. Breakout above will take price to Day FVG with EQ at 68800. For dips I'd monitor zone in between yesterday's VAH 64990 and POC 64080.

Nearest liquidity pools:
above - 67370 / 69725 / 71800
below - 65660 / 64223 / 63125 / 60450


SR levels to watch PA:
πŸ”Έ
65500 - week high
πŸ”Έ64025 - week close
πŸ”Έ
63088 - last April week open
πŸ”Έ61455 - week close
πŸ”Έ60651 - April close
πŸ”Έ59150 - April low
πŸ”Έ56975 - Nov'21 close

Trend: D ▢️ W πŸ”Ό M πŸ”Ό

πŸ€‘ F&G: 70 < 64 < 66 < 57 < 56

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@WiseAnalyze #BTC #Bitcoin #important #ta
Ethereum going into deep. Its just a guess, but around middle of week OB it should be worth watching for wicks and potential bounce. Till then alts will be weak.

❗️ Reminder that May 23rd there might be ETH ETF approval. So this is the dip for buying.

@WiseAnalyze #ETH #ta
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I was suggested that SOL might be another indicator for alts health. Well, for meme coins and scam projects for sure. But it is extremely hard to forecast anything from current SOL/BTC chart. First of all it slowed down the bullish momentum and now on the edge of consolidation stage. This may change in case of fast breakout above 0.0029 ("fast" for week timeframe = 2-3 weeks). Otherwise we might see H&S pattern and dump to 0.0015-0.0016 (in 2-3 months).

@WiseAnalyze #SOL #ta
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Lots of searches for BOME on Binance. Why so much interest? In any case 0.00877 divides this chart between "bullish" and "bearish" scenarios. And for bullish scenario main resistance remains at 0.012 so its not yet fully bullish. Just a bounce scenario.…
BOME made up to 64% from the signal. Last month POC is around 0.0111 and that is the area where new entries can be taken with relative safety (betting on overall bullish market).

❗️Remember - meme coins have no value. Don't even pretend to have it. So when market is in fear, those are the first ones to drop.

@WiseAnalyze #BOME #update
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Reversal conditions were accomplished. After the dip ETH reached RR 2:1. You may move stop to breakeven and forget about that long πŸ‘ŒπŸΌ

If you need short term targets use the same from the signal.

@WiseAnalyze #ETH #update
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Fantom had good news recently and from TA point of view still has potential for another wave up. Especially if this week close same as it look now.

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@WiseAnalyze #FTM #ta
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Whatever that project does, I don't care, as it acts great in TA point of view. I like that slow drop with descending volume. No volume, no interest. Sure, interest can be found lower under 0.1015, but this might be the bottom as well. I'm accumulating it slowly.

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@WiseAnalyze #NWC #ta
ARB at the bottom. If you trade spot, accumulating at the bottom is the best strategy. Even if that level will be lost, DCA will move average cost below it and allow exit at breakeven. But in general I'd wait for a swing up to 1.354 at least.

@WiseAnalyze #ARB #ta
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πŸ“‰ Daily Bitcoin chart review πŸ“ˆ

This time Bitcoin shown stronger performance than stocks and managed to make a bullish impulse while indices were moving sideway.
Still look strong and I think we may expect more upside moves during the weekend. Right now it looks like on an edge of breakout (blue dotted line at 67222 is April 22ng swing high).

Breakout can push price towards Day FVG at 68-69.6k area with EQ at ~68800.

Nearest liquidity pools:
above - 67600 / 69725 / 71800
below - 65650 / 64250 / 63666


SR levels to watch PA:
πŸ”Έ
65500 - week high
πŸ”Έ64025 - week close
πŸ”Έ
63088 - last April week open
πŸ”Έ61455 - week close
πŸ”Έ60651 - April close
πŸ”Έ59150 - April low
πŸ”Έ56975 - Nov'21 close

Trend: D πŸ”Ό W πŸ”Ό M πŸ”Ό

πŸ€‘ F&G: 73 < 74 < 70 < 64 < 66

Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube

Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto/Forex/Indices and Commodities all in one place πŸ”₯

@WiseAnalyze #BTC #Bitcoin #important #ta
Still early for alts season imho. Week timeframe BTC dominance in steady uptrend and it won't reverse until pump really hard. So we got to see more blood on the streets.

USDT prices obviously depend on BTC, and blood will be less visible if happens during BTC pump. Otherwise effect will be more cruel.

@WiseAnalyze #BTCD #update
πŸ“‰ Wise Analyze πŸ“ˆ
πŸ“‰ Daily Bitcoin chart review πŸ“ˆ This time Bitcoin shown stronger performance than stocks and managed to make a bullish impulse while indices were moving sideway. Still look strong and I think we may expect more upside moves during the weekend. Right now…
πŸ“‰ Daily Bitcoin chart review πŸ“ˆ

Bitcoin 1H chart with TPO indicator (with week period) shows strong level at ~66800 and ~66200. We may assume that this is a bullish consolidation range. While above the top one easy to pump higher towards Day FVG at 68-69.6k area with EQ at ~68800.

If the top level one will be lost. all depends on price reaction to lower level - it bounce price back up fast night see a fast pump. If not... we can see a wide gap on volume profile indicating absence of any real interest down till ~62900 which is ~6% from here. So that is a bearish scenario.

Nearest liquidity pools:
above - 67640 / 69725 / 71800
below - 65650 / 64250 / 63666 / 60480


SR levels to watch PA:
πŸ”Έ
65500 - week high
πŸ”Έ64025 - week close
πŸ”Έ
63088 - last April week open
πŸ”Έ61455 - week close
πŸ”Έ60651 - April close
πŸ”Έ59150 - April low
πŸ”Έ56975 - Nov'21 close

Trend: D πŸ”Ό W πŸ”Ό M πŸ”Ό

πŸ€‘ F&G: 72 < 73 < 74 < 70 < 64

Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube

Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto/Forex/Indices and Commodities all in one place πŸ”₯

@WiseAnalyze #BTC #Bitcoin #important #ta
DAG coming back above 2023 close (~0.0375). If the following weeks price will find acceptance above that level, we may expect DAG to bounce back to 0.05-0.055 (30-45%). And that will be only the starting point of bullish reversal with mid/long term target for re-test of ~0.115 SR and potential breakout higher to 0.145 (up to 270-300% from 2023 close).

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@WiseAnalyze #DAG #ta
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πŸ“‰ Daily Bitcoin chart review πŸ“ˆ

Bitcoin remains within Week and Month uptrend and within horizontal consolidation range on lower timeframes. Three previous weeks shown bulls domination and pushed price back above range middle (although its a pretty virtual and not so precise level). Last week closed bullish so we may expect continuation of that momentum into this week open at least. That assumes at least some hunting for stops above last week high. So Day FVG at 68-69.6k area with EQ at ~68800 remains the main target.

For the downside volatility most interesting zone is under 64.5k, but for bullish continuation those dips should be picked up fast, and BTC pumped back up before Friday.

Nearest liquidity pools:
above - 67777 / 68950 / 69725 / 71800
below - 65650 / 64250 / 63666 / 60480


SR levels to watch PA:
πŸ”Έ
67750 - week high
πŸ”Έ
66239 - week close
πŸ”Έ
65217 - Friday open
πŸ”Έ64025 - week close
πŸ”Έ61455 - week close
πŸ”Έ60651 - April close
πŸ”Έ59150 - April low
πŸ”Έ56975 - Nov'21 close

Trend: D πŸ”Ό W πŸ”Ό M πŸ”Ό

πŸ€‘ F&G: 70 < 72 < 73 < 74 < 70

Useful links: Alts Watchlist | Forex | Twitter | Instagram | YouTube

Support this channel - sign up to BingX exchange with 20% discount on fees. Trade Crypto/Forex/Indices and Commodities all in one place πŸ”₯

@WiseAnalyze #BTC #Bitcoin #important #ta
2024/06/16 16:26:50
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