BTC Weekly

RSI topped in the overbought territory (as it used to do in bull markets) for the first time since 2019

During 2016-2017 bull run we had several corrections of 30-40%

💡Pay attention that almost all of the dips were perfectly caught by EMA21

A 30% correction off the recent high would put us down at 13.5k vicinity - right where EMA21 will be in a couple of weeks

For now we have pulled back by only 16%

ETH looks promising here

Adam & Eve bottom is almost completed

High chances that we’ll break out 🚀

This YFI chart is bullish to me as long as it consolidates above Major S/R Level

MA128 is experimental on YFI, but perfectly caught prior few dips

(for those who ask why 128, go track this particular MA on the daily chart during 2016-2017 BTC bull run)

There we go! 🚀

ETH broke out as expected!

ETH update

🎯 Good 5% upmove caught so far

There’s a $1.3k CME Gap between 16995-18275 📍

BTC Monthly Chart 👀

Today’s monthly closure is gonna be epic

Guys who trade on Kraken

WTF is this?

That’s not a good sign for Kraken. Liquidity failure

BTC 👀

We’ve got the Highest Monthly Close Ever!

Everything can change around, but the way it looks like, I think we’re going higher (Targets are 22-25k for the next couple of months)

What a brutal shakeout!

Bullish if we regain the flat top of the triangle

BTC 4h update

The price crashed because the Funding went absolutely crazy. That’s how markets work

Major S/R Level been tested and for now it holds as Support

If this 18.2k Support fails, I don’t see much stopping us from hitting the next one at 16.5k

💡Until then we can view this as a nasty shakeout

Get over $500 bonus from ByBit!

Register through my link:

https://partner.bybit.com/b/cryptobullet

Deposit needed amount of BTC & enter the voucher code WIN$500 in the Reward hub

• $50 per ≥ 0.05 BTC deposit
• $100 per ≥ 0.1 BTC deposit
• $300 per ≥ 0.5 BTC deposit
• $500 per ≥ 1.5 BTC deposit

+ $20 guaranteed coupon per any BTC deposit


It’s basically free money!🔥Hurry up, few days left for this offer!


📍Bonus granted on 25th Dec

🚀 YFI broke out as expected!

Coming very close to my first target

Profit 20% so far

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)