Bitcoin – the greatest manipulation!
The Bitcoin price closed the CME gap which was formed approximately at $29k.
Bitcoin – relief rally has started!
The impulse on the Bitcoin price chart has broken falling wedge’s upper band, which I described at the previous analysis.
Bitcoin – will there be growth at all?
Today we saw the flash crash below the $29k, but we saw the large purchases during this dump, as a result the breakdown was false.
Wyckoff accumulation on Bitcoin is almost completed!
Let’s take a look today at the Bitcoin price action using Wyckoff methodology. Two weeks ago I considered Wyckoff accumulation scenario.
Bitcoin – everybody expect bull & bear cycle, but market changed
Last year we thought that the bear market has started in May, when the price fell down 50% from ATH, but after that the price increased again above the ATH.
Bitcoin – short setup!
Let’s take a look at the BTCUSDT chart of the WhiteBit exchange. Here we can see that the price got a rejection from 0.618 Fibonacci retracement level.
LUNA – price correction soon!
I found the short signal on LUNA on the daily chart. To be honest it is not too strong, but we can try because risk to reward is nice.
Bitcoin – accumulation in progress!
On the 4h timeframe BTCUSDT chart of the WhiteBit exchange we can see the potential Wyckoff accumulation structure.
Bitcoin – waiting for a local correction
The price is going to form the true divergence with MACD histogram, enhanced by the MACD line. The confirmation of the divergence is the appearance of the diminishing column on the histogram. We have to wait for it.
Bitcoin – 99% fake pump!
Last short was unsuccessful. It’s absolutely normal situation. It was hedging short. My 20% of depo in Bitcoin performed well.