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Trying something new.
Zap me 21sats for tomorrow's update.
Big thanks to the folks that did yesterday!
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Trying something new.
Zap me 21sats for tomorrow's update.
7/8/2024
Overnight we saw Bitcon drop down to the mid $54k area. A great reaction so far but no surprise to see the resistance is still $58.2k (Prev Month Low & Daily EMA200.) As this level was such a long term support it is normal to see it flip into strong resistance. A daily close above $58.2k and I will have more confidence of the bottom being in.
If we continue to reject, not only have we got a significant block of orders at $45k, but there are also increasing bids in the $40k area. Although a move this low seems unlikely, we cannot ignore growing liquidity there.
A great start to the week, let's make it another big one!
2009 - $0.00
2010 - $0.25
2011 - $3.94
2012 - $13.38
2013 - $682.21
2014 - $319.01
2015 - $455.65
2016 - $896.18
2017 - $14,026
2018 - $3821
2019 - $7225
2020 - $24,631
2021 - $50,645
2022 - $16,841
2023 - $43,613
2024 -
Bitcoins closing on Christmas from 2009-now.
What do you think it's gunna be for this year?
7/7/2024
Bitcoin continued to recover yesterday, but as expected we have seen a rejection from $58.2k which is the Previous Month Low and Daily EMA200. For now I am happy to wait for a sweep of a little lower or a reclaim of $58.2k.
If we accept back above this level then I expect the price to push back towards $60k where I can see there is a growing amount of sell orders.
Yes. Look through my past notes.
Update 7/6/2024
Bitcoin held above the daily demand zone and has given a good 6% bounce from the lows of $54.4k. Considering we have just seen a big move, and it is the weekend, I expect that we see low volume today.
We are already seeing signs of choppy price action. I do not rule out a sweep of $54k/ $53k again in the coming days, and I am also looking for a daily close back above $58.2k. This would signal acceptance back into the previous range and a reclaim of the Daily EMA200.
7/5/2024
Another brutal day for Bitcoin with the price dropping over 10% since yesterdays open, losing the daily range and also the daily EMA200 for the first time since October. I mentioned yesterday that the price could drop below $55k because I was watching liquidity building... most didnt think it was possible but we have event tested below $54k this morning. Right now we are seeing a daily demand zone below acting as support.
What next? If the selling pressure is not over then we have liquidity in the $52k-$50k region... I am also seeing significant orders building at $45k so this cannot be ruled out!
2m sats and you get all my signals.
Yesterday 5:30pm ET;
✅ WLD - +8% Move 🎯🎯🔥🔥
✅ AAVE - +4% Move 🎯🎯🔥🔥
✅ RNDR - +3% Move 🎯🎯🔥🔥
All targets hit.
Sorry it's super late I had to much fun last night.🎆
The agressive sell off continues on Bitcoin, and the todays candle close becomes very important. If we close below $58.2k (Prev Week Low & EMA200,) then we would have lost the daily support level and range for the first time since February. This would also be the first loss of the daily EMA200 since February! If that happens, I am keeping my eye on areas below $55k, huge liquidity is building there over the past 24 hours and we know what that means!
Let's see what we get today, but remember the US markets are closed for Independence Day.
Zap me 2M sats and you'll start getting signals.
Til then folks get the free "read between the lines" notes for bitcoin only.
🚀🟠 June 2024 🟠🚀
Total Active Signals: 26
✅ Wins: 23
✖️ Losses: 3
🔥🎯 Win Rate: 88% 🎯🔥
What if i could give you at least a days notice before a dip or pump?
Would you believe me?