Forwarded from Official VIP Group
#BTC_Update
This city of Miami, Florida has approved to pay employees in Bitcoin and investing city treasury in Bitcoin.
Residents can pay fees in Bitcoin, and pay taxes in Bitcoin. Universities are starting to accept tuition payments in Bitcoin. (Kings College) The first North American ETF was just approved. Rumors of Apple coming soon. SNOWBALL incoming. We are in a very historic time right now as we turn into more of a digital/ AI world. Digital currency will be a huge part of every day life. Keep stacking.
Bitcoin almost hit 50k, we closed another strong daily and 2 day, still bullish for me on the chart. However, on the shorter time frames we could see some sideways and wicks down before more macro up. 43-45k is opportunity. It will get volatile with wicks in the 43-45k range, so be smart if you are leverage trading.
Ranges:
60k....Incoming
55k... When we get here look for a little rejection.
51.5k..... Next BIG resistance area. Look for a rejection here first. If we close a 4hr over this look for more.
48k.... .Current resistance. 4hr close over this and we look to smash the big 50k
45.5k........ Current support 4hr close below this and more down
43.8k..... 4hr close below this and more down.
43k...... Small support
40k..... Last hope of green dildos. 4hr close below this and we could be in some trouble.
Don't long resistance and do not short on support. Use this to help you with that. Before you enter a position, ask yourself, is this support or resistance?
Happy trading!
This city of Miami, Florida has approved to pay employees in Bitcoin and investing city treasury in Bitcoin.
Residents can pay fees in Bitcoin, and pay taxes in Bitcoin. Universities are starting to accept tuition payments in Bitcoin. (Kings College) The first North American ETF was just approved. Rumors of Apple coming soon. SNOWBALL incoming. We are in a very historic time right now as we turn into more of a digital/ AI world. Digital currency will be a huge part of every day life. Keep stacking.
Bitcoin almost hit 50k, we closed another strong daily and 2 day, still bullish for me on the chart. However, on the shorter time frames we could see some sideways and wicks down before more macro up. 43-45k is opportunity. It will get volatile with wicks in the 43-45k range, so be smart if you are leverage trading.
Ranges:
60k....Incoming
55k... When we get here look for a little rejection.
51.5k..... Next BIG resistance area. Look for a rejection here first. If we close a 4hr over this look for more.
48k.... .Current resistance. 4hr close over this and we look to smash the big 50k
45.5k........ Current support 4hr close below this and more down
43.8k..... 4hr close below this and more down.
43k...... Small support
40k..... Last hope of green dildos. 4hr close below this and we could be in some trouble.
Don't long resistance and do not short on support. Use this to help you with that. Before you enter a position, ask yourself, is this support or resistance?
Happy trading!
Forwarded from Official VIP Group
#BTC_Update
We're hitting heavy resistance between 49-50k. If we fail to reclaim the 50k level, I'll be looking to buy the weekly open, confluent with the demand zone between 38-41k.
I'm not looking to short this - it's very typical for BTC to not give such chances on re-tests, so wouldn't be surprised if we continue pushing here. I just wanted to highlight the 38-41k level as a zone of interest if we drop.
We're hitting heavy resistance between 49-50k. If we fail to reclaim the 50k level, I'll be looking to buy the weekly open, confluent with the demand zone between 38-41k.
I'm not looking to short this - it's very typical for BTC to not give such chances on re-tests, so wouldn't be surprised if we continue pushing here. I just wanted to highlight the 38-41k level as a zone of interest if we drop.
Forwarded from Official VIP Group
#BTC_Update
4-hour timeframe makes this look clear as day.
Flip above 49.3k to invalidate this idea.
I'm not shorting, but I've got limits set between 44.8k and 45.5k
4-hour timeframe makes this look clear as day.
Flip above 49.3k to invalidate this idea.
I'm not shorting, but I've got limits set between 44.8k and 45.5k
Forwarded from Official VIP Group
#BTC (Update)
In Daily timeframe, Bitcoin is forming HIGHER HIGHS & RSI forming LOWER HIGHS Which is Bearish Divergence.
From last few days, VOLUME Is Also Decreasing so we may see a Strong MOVE (so far Bears Looking Strong)
Overall, Bitcoin is in Uptrend & if Bulls lost the 40k Support Area then I'm expecting Bearish wave towards the 30k.
In Daily timeframe, Bitcoin is forming HIGHER HIGHS & RSI forming LOWER HIGHS Which is Bearish Divergence.
From last few days, VOLUME Is Also Decreasing so we may see a Strong MOVE (so far Bears Looking Strong)
Overall, Bitcoin is in Uptrend & if Bulls lost the 40k Support Area then I'm expecting Bearish wave towards the 30k.
Forwarded from Official VIP Group
#BTC_Update
What's new since the last update my dear community? Well BTC has almost reached the 50000 by reaching a new ATH at 49707 in the previous session and is currently trading around the 47500.
The daily trading volume has been declining for the last few sessions while BTC has been growing higher and higher. Needless to remind you that this does not bode well for a continuation of the rise in the short term.
The daily technical situation is now rather neutral with a sell signal on the WaveTrend while the MACD has still not crossed down. Over a 4-hour time horizon, the indicators are negative as well.
What can be done?
Our first position has moved within a few dollars of being activated and bounced right back. As a result, this trade is no longer valid and we will now focus on the second one around 39000-40000.
What's new since the last update my dear community? Well BTC has almost reached the 50000 by reaching a new ATH at 49707 in the previous session and is currently trading around the 47500.
The daily trading volume has been declining for the last few sessions while BTC has been growing higher and higher. Needless to remind you that this does not bode well for a continuation of the rise in the short term.
The daily technical situation is now rather neutral with a sell signal on the WaveTrend while the MACD has still not crossed down. Over a 4-hour time horizon, the indicators are negative as well.
What can be done?
Our first position has moved within a few dollars of being activated and bounced right back. As a result, this trade is no longer valid and we will now focus on the second one around 39000-40000.
Forwarded from Official VIP Group
#BTC_Update
BTC - I'm not all that surprised with the rejection from $50k. We've seen these kinds of rejections from previous significant areas of resistance. I understand that the most recent rejection was ugly but I don't think it looks all that bad.
The lows are clearly being defended after the darth maul. In these situations, we typically grind right back to the highs.
with that being said, there's nothing too actionable with this price action. It's one of those ranges where you happen to market into a LTF selloff. If you don't get in, you'll be entering in the middle of the range which is what I would be doing if I longed here.
Chopping around here should give alts (specifically ETH) the time to breath.
BTC - I'm not all that surprised with the rejection from $50k. We've seen these kinds of rejections from previous significant areas of resistance. I understand that the most recent rejection was ugly but I don't think it looks all that bad.
The lows are clearly being defended after the darth maul. In these situations, we typically grind right back to the highs.
with that being said, there's nothing too actionable with this price action. It's one of those ranges where you happen to market into a LTF selloff. If you don't get in, you'll be entering in the middle of the range which is what I would be doing if I longed here.
Chopping around here should give alts (specifically ETH) the time to breath.
Forwarded from Official VIP Group
#BTC_Update
A bit tough to follow the gameplan here.
H2 MSB below weekly open and supply formed after price raided Mondays high + a few sweeps.
Logically a move into range low/Mondays Low would be next
A bit tough to follow the gameplan here.
H2 MSB below weekly open and supply formed after price raided Mondays high + a few sweeps.
Logically a move into range low/Mondays Low would be next
Forwarded from Official VIP Group
#BTC update
So, the price hit the support I was talking about and the support held!
That’s why I told you that to call a correction we needed to break below the EMA100
Now we see the Funding cooled down, RSI broke out of the downtrend and the price trading above the wedge resistance
🎯 Target 54k is still on the table. If nothing extraordinary happens, we’ll get there on soon
So, the price hit the support I was talking about and the support held!
That’s why I told you that to call a correction we needed to break below the EMA100
Now we see the Funding cooled down, RSI broke out of the downtrend and the price trading above the wedge resistance
🎯 Target 54k is still on the table. If nothing extraordinary happens, we’ll get there on soon
Forwarded from Official VIP Group
#BTC_Update
Bitcoin looking great. The federal reserve banks are promising more easy money for years to come. If you want to know what the markets are doing follow what the fed banks are doing, not people on Twitter. More debt on an epic scale is coming. The debt market continues to grow, bad for the dollar, good for Bitcoin. We are not even close to a top in this market IMO, no way Elon just dropped 1.5 Billion and Coinbase about to drop and IPO, then a crypto market crash? Won't happen. Elon and Saylor won't allow it. Bitcoin is about to hit 1 trillion dollar market cap, when an asset reaches that mark, it gives another boost. Buckle up.
Ranges:
58-60k..Incoming, Heavy profit taking area.
54-55k... look for some resistance here.
52.5...This is resistance...4hr close over this and we test the 54-55k range.
51.5k....Current support. 4hr close below this and more down.
49.5.... 4hr close below this and more down.
48k...4hr close below this and we test bullish support. Opportunity if we get here.
45.5k... 6hr close below this could be trouble.
Don't long resistance and do not short on support. Use this to help you with that. Before you enter a position, ask yourself, is this support or resistance?
When people are fearful, be greedy.
Happy trading!
Bitcoin looking great. The federal reserve banks are promising more easy money for years to come. If you want to know what the markets are doing follow what the fed banks are doing, not people on Twitter. More debt on an epic scale is coming. The debt market continues to grow, bad for the dollar, good for Bitcoin. We are not even close to a top in this market IMO, no way Elon just dropped 1.5 Billion and Coinbase about to drop and IPO, then a crypto market crash? Won't happen. Elon and Saylor won't allow it. Bitcoin is about to hit 1 trillion dollar market cap, when an asset reaches that mark, it gives another boost. Buckle up.
Ranges:
58-60k..Incoming, Heavy profit taking area.
54-55k... look for some resistance here.
52.5...This is resistance...4hr close over this and we test the 54-55k range.
51.5k....Current support. 4hr close below this and more down.
49.5.... 4hr close below this and more down.
48k...4hr close below this and we test bullish support. Opportunity if we get here.
45.5k... 6hr close below this could be trouble.
Don't long resistance and do not short on support. Use this to help you with that. Before you enter a position, ask yourself, is this support or resistance?
When people are fearful, be greedy.
Happy trading!
Forwarded from Official VIP Group
#BTC_Update
Today CME weekly closure happens, would love to see a close over 50k, very bullish if so. As I am typing this we are working on new all time highs, and closing over our next range. Looking like a strong close today. Lets see what happens. If we close a 4hr over 52.5 look to test the nest range. If we drop and head around the 48k area, this is major opportunity.
The 4hr HVP is at about a zero read right now, meaning we have a big move coming soon. Could be up or down, best advice is to protect your positions, and if you have something open don't walk away from it, this market can move very fast.
Ranges:
58-60k..Incoming, Heavy profit taking area.
54-55k... look for some resistance here. 4hr close over this and we test higher to heavy profit taking area.
52.5...This is resistance...4hr close over this and we test the 54-55k range.
51.5k....Current support . 4hr close below this and more down.
49.5.... 4hr close below this and more down.
48k...4hr close below this and we test bullish support. Opportunity if we get here.
45.5k... 6hr close below this could be trouble.
44.3...last hope for bullish.
Don't long resistance and do not short on support. Use this to help you with that. Before you enter a position, ask yourself, is this support or resistance?
When people are fearful, be greedy.
Happy trading!
Today CME weekly closure happens, would love to see a close over 50k, very bullish if so. As I am typing this we are working on new all time highs, and closing over our next range. Looking like a strong close today. Lets see what happens. If we close a 4hr over 52.5 look to test the nest range. If we drop and head around the 48k area, this is major opportunity.
The 4hr HVP is at about a zero read right now, meaning we have a big move coming soon. Could be up or down, best advice is to protect your positions, and if you have something open don't walk away from it, this market can move very fast.
Ranges:
58-60k..Incoming, Heavy profit taking area.
54-55k... look for some resistance here. 4hr close over this and we test higher to heavy profit taking area.
52.5...This is resistance...4hr close over this and we test the 54-55k range.
51.5k....Current support . 4hr close below this and more down.
49.5.... 4hr close below this and more down.
48k...4hr close below this and we test bullish support. Opportunity if we get here.
45.5k... 6hr close below this could be trouble.
44.3...last hope for bullish.
Don't long resistance and do not short on support. Use this to help you with that. Before you enter a position, ask yourself, is this support or resistance?
When people are fearful, be greedy.
Happy trading!
Forwarded from Official VIP Group
#BTC_Update
i have marked my key levels on the chart, there is a fib extension with historical value at 58300 that might create some kind of blow off top or distribution, I believe 60k area is a very likely area for BTC top consolidate and correct as a major psychological level above 50k. Not going for any shorts, only looking for a break of structure to short.
Around 55900 CME gap will close, this is also a Daily support level so I would be eager to catch longs in this area. 55230 is what we don't need to break otherwise a bigger correction is coming.
Plan would be to buy dips towards 55900
i have marked my key levels on the chart, there is a fib extension with historical value at 58300 that might create some kind of blow off top or distribution, I believe 60k area is a very likely area for BTC top consolidate and correct as a major psychological level above 50k. Not going for any shorts, only looking for a break of structure to short.
Around 55900 CME gap will close, this is also a Daily support level so I would be eager to catch longs in this area. 55230 is what we don't need to break otherwise a bigger correction is coming.
Plan would be to buy dips towards 55900
Forwarded from Official VIP Group
#BTC_Update
Nothing actionable for me at all. Rejection from previous breakout point (red) and attempting to put in a HL here. Not a good enough long signal for me to take a trade though. Expecting a choppy weekend
Nothing actionable for me at all. Rejection from previous breakout point (red) and attempting to put in a HL here. Not a good enough long signal for me to take a trade though. Expecting a choppy weekend
Forwarded from Official VIP Group
#BTC (Update)
In 4h timeframe Chart, Bitcoin Bulls Still Defending the Horizontal Support Area (44k - 45.5k)
Bitcoin Making LOWER LOWS & RSI Printing HIGHER LOWS, In Simple, RSI Indicator Printing Bullish Divergence.
If Bulls Clear the Descending Trendline Resistance (45.8k-46k), Expecting Bullish Move towards the 52k.
In Worst Case, If Bitcoin lost the Horizontal Support Area then Bitcoin Might test the 38k Support Area.
In 4h timeframe Chart, Bitcoin Bulls Still Defending the Horizontal Support Area (44k - 45.5k)
Bitcoin Making LOWER LOWS & RSI Printing HIGHER LOWS, In Simple, RSI Indicator Printing Bullish Divergence.
If Bulls Clear the Descending Trendline Resistance (45.8k-46k), Expecting Bullish Move towards the 52k.
In Worst Case, If Bitcoin lost the Horizontal Support Area then Bitcoin Might test the 38k Support Area.
Forwarded from Official VIP Group
#BTC_Update
Current 4h session is showing sign of local weakness over the upper long-range BPRO band. Price standard deviation based level at 51.5k shows technical significance as resistance. Now that it is tapped, until is reclaimed with a daily close above, BTCUSD remains in local danger of throwback towards the baseline / breaker low at 45.4-45.7k. Such a retest would make a lot of technical sense and could be expected in case daily closes below 49k. Until that happens, bands are showing direction flip and are upsloping. This indicates that BTCUSD volatility is a bit more upside-oriented and it aligns with my Monday’s thesis of 54-56k retest coming in the following days.
Local resistances: 55418-56574, 61372, 70991.
Local supports: 49000, 45440, 42300.
Current 4h session is showing sign of local weakness over the upper long-range BPRO band. Price standard deviation based level at 51.5k shows technical significance as resistance. Now that it is tapped, until is reclaimed with a daily close above, BTCUSD remains in local danger of throwback towards the baseline / breaker low at 45.4-45.7k. Such a retest would make a lot of technical sense and could be expected in case daily closes below 49k. Until that happens, bands are showing direction flip and are upsloping. This indicates that BTCUSD volatility is a bit more upside-oriented and it aligns with my Monday’s thesis of 54-56k retest coming in the following days.
Local resistances: 55418-56574, 61372, 70991.
Local supports: 49000, 45440, 42300.
Forwarded from Official VIP Group
#BTC_Update
Bullish case.
Clear pivot level that we're currently finding resistance at. Small dip then reclaim and I'd be targeting the supply zone at 55k.
Break back below the pivot after tapping the supply zone and we're back to trading sideways / looking at the monthly open
Hold the pivot as support after tapping the supply zone and we could push above to all time high.
Best taking level to level trades at the moment on btc. As mentioned I'm focusing more on alts here.
Bullish case.
Clear pivot level that we're currently finding resistance at. Small dip then reclaim and I'd be targeting the supply zone at 55k.
Break back below the pivot after tapping the supply zone and we're back to trading sideways / looking at the monthly open
Hold the pivot as support after tapping the supply zone and we could push above to all time high.
Best taking level to level trades at the moment on btc. As mentioned I'm focusing more on alts here.
Forwarded from Official VIP Group
#BTC_Update 1D
What's up Birbs! It's time for an update on BTC.
So this is kind of an exciting moment because following the daily close, the BirbicatorPRO has flipped back to a bull bias on default settings. Price closed above the baseline and breaker high, setting up beautifully for continuation in coming days. The next levels to watch are around 54k, 56, and 57.4k. A daily close above 57.4k opens up the door to the next level labels on BPRO which come in at 63k and 69.8k. BRPO baseline support is just below 52.1k.
What's up Birbs! It's time for an update on BTC.
So this is kind of an exciting moment because following the daily close, the BirbicatorPRO has flipped back to a bull bias on default settings. Price closed above the baseline and breaker high, setting up beautifully for continuation in coming days. The next levels to watch are around 54k, 56, and 57.4k. A daily close above 57.4k opens up the door to the next level labels on BPRO which come in at 63k and 69.8k. BRPO baseline support is just below 52.1k.
Forwarded from Official VIP Group
#BTC (update)
In 1h timeframe Chart, Bitcoin is Moving in Parallel Channel (S/R Range)
57k Acting As Strong Support & 60k Acting As Strong Resistance, Below Support Bitcoin Will be Bearish & Above Resistance, We Could see New ATH 🚀🚀
If Bitcoin Remains Inside the Channel, this Will be Very Bullish for Altcoins 😍
In 1h timeframe Chart, Bitcoin is Moving in Parallel Channel (S/R Range)
57k Acting As Strong Support & 60k Acting As Strong Resistance, Below Support Bitcoin Will be Bearish & Above Resistance, We Could see New ATH 🚀🚀
If Bitcoin Remains Inside the Channel, this Will be Very Bullish for Altcoins 😍
Forwarded from Official VIP Group
#BTC (Update)
Bitcoin Bulls Continuously trying to Reclaim the 58k Area (Green Line), Daily Candle close above would be ace 🏄🏼♂️
If Daily Candle Closed Above the 58k Resistance, Next Stop would be 67k (Higher High).
In Worst Case, If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 50k Support Area 📉
Bitcoin Bulls Continuously trying to Reclaim the 58k Area (Green Line), Daily Candle close above would be ace 🏄🏼♂️
If Daily Candle Closed Above the 58k Resistance, Next Stop would be 67k (Higher High).
In Worst Case, If Bulls Failed to Clear the Resistance, Bitcoin Might Retest the 50k Support Area 📉
Forwarded from Offical VIP Group Michelle™
#BTC (Update)
In daily timeframe Chart, Bitcoin is Moving Above MA128 (49812)..!!
In 2016-17 Bullrun, Daily MA128 has Played An Important Role & Now, Again It's Acting As Key Support Since MAY 2020.
In 2016-17 BullRun, Bitcoin Tested it 5-6 times & Went up from it, 📈
If Bitcoin Remains Above MA128, It'll be Good for Bitcoin & Alts as Well..If Bulls Lost the It then Bitcoin Bullrun will End Soon like 2017. 📉
In daily timeframe Chart, Bitcoin is Moving Above MA128 (49812)..!!
In 2016-17 Bullrun, Daily MA128 has Played An Important Role & Now, Again It's Acting As Key Support Since MAY 2020.
In 2016-17 BullRun, Bitcoin Tested it 5-6 times & Went up from it, 📈
If Bitcoin Remains Above MA128, It'll be Good for Bitcoin & Alts as Well..If Bulls Lost the It then Bitcoin Bullrun will End Soon like 2017. 📉
Forwarded from Offical VIP Group Michelle™
#BTC (Update)
In 1D Chart, Bitcoin Bulls Already lost the MA50 & MA100 Support Levels But From last 3 Days, Still Bulls Defending the MA128 (49.8k) & Channel Support (49k)
In Worst Case, If Channel Broken Down & Bulls lost the MA128 Support too, Next Stop would be 30k Horizontal Support Area 📉
In Bullish Case, If Bitcoin remains Inside the Channel & Above the MA128, Expecting Higher High (68k) 📈
Fingers Crossed 🤞
In 1D Chart, Bitcoin Bulls Already lost the MA50 & MA100 Support Levels But From last 3 Days, Still Bulls Defending the MA128 (49.8k) & Channel Support (49k)
In Worst Case, If Channel Broken Down & Bulls lost the MA128 Support too, Next Stop would be 30k Horizontal Support Area 📉
In Bullish Case, If Bitcoin remains Inside the Channel & Above the MA128, Expecting Higher High (68k) 📈
Fingers Crossed 🤞
