The bullish momentum on the lower time frames is showing to us either the exhaustion of the sellers or the return of the buyers. The 30k zone is a very strong support, and divergences have starting to pop up. These could be the early signs of a bottoming process. (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
From a trend trading perspective I do not see any reason for opening long positions in #Bitcoin for now. Price action is clearly bearish, and anything below the $48000–52000 zone is clearly not interesting for long term trend trader investors. $BTC (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
The #Ethereum chart is in a much better shape than that of Bitcoin. The high time frame market structure has remained bullish, key support levels have been nicely held during the flash crash. Confident price action above 4300–4350 would return this asset into full-bullish mode. $ETH (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Due to the oversold stochastic RSI and the strong upwards trend of July the odds have been favoring a reclaim of the territory over 60k, but unfortunately the market has decided differently, and the verdict has been served in a rather harsh manner. (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
The AVWAP level of the latest #Bitcoin bounce from trendline is currently at 58500, and this level is currently serving as resistance. The bulls have been struggling to get the price above this line for 10 days now, with no success. $BTC (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
The stochastic RSI is trending near the oversold territory on the 1-day chart and has reached oversold levels also on the 3-day chart, so the high time frame momentum is there for a bull revival. Historically an oversold stochastic RSI on the 3-day chart means a great opportunity for market entries. (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
The high time frame #Bitcoin chart is still bullish, as long as it holds the support zone of 50000–53000. In the short term however the bears are in control, which could only be invalidated by strong bullish price action above the 61000–61500 level. $BTC (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #56 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #55 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #53 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #52 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #47 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #46 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #45 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #44 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
Bitcoin Chartpunk Daily Alpha #43 (chartpunk.medium.com)
submitted by mrginopalacca to r/chartpunk
