BTC - cross market analysis
Cross market Analysis
Weekly
BTC
- On the weekly for BTC, we can see clear indications that this is a bull trap as stated a million and one times. Moreover, We can see that following a rejection from this zone on average will lead to support only being found at the 6,556$ price level at the minimum and price could go as low as 5k on this rejection without much bullish relief on the weekly. Momentum indicators also showing bearish price action is coming with HA reversal being the top of the list. NONE THE LESS, on standard candle stick charting, we can see the possibility of a rise to the 10,218$ level is VERY POSSIBLE.
XBT
- On the weekly for BTC, we can expect a rise of price to the 10,535$ price level before massive sell offs begin in the market and the 8,524$ price level is holding as firm floor. Earliest signs of the bears gaining back any control of the market lay at 10,000$-10,200$ price level - note that 9,900$ could be first signs of weakness. Momentum indicators also showing this course. NEVER THE LESS, the bears will take back possession at this level to take price back down to the 5,000$ price level.
ETH
- ETH on weekly looking Bullish to the 260-270$ price levels across all charting unless massive bearish price action begins within the next 24 hours below the 240$ price level.
XRP
- XRP seems to be the most realistic of the market with bearish indications on the charts but showing a rise to 0.25$ and 0.22$ respectively is completely possible. NONE THE LESS, on this large time frame, XRP is not budging to this bullish market activity.
Daily
BTC
- On the daily for BTC, we can see that we may break out of wedge to the 10,218$ before a rejection to the downside.
XBT
- On the daily for XBT, we can see that once again a bullish swing to at least the 10,000$ price level is possible. We need to factor in that the whole way up BTC is lagging behind the alts such a ETH. THE SCARY PART IS THAT, IF WE DO NOT SEE A REJECTION FROM HIGHS OF 10,500$, WE’LL SEE A SPIKE UP TO THE 13,625$ PRICE LEVEL AND WE WILL ARM OURSELVES FOR THIS. Do not be alarmed by this though, as I firmly believe a rejection from the 10,500$ level high is possible and we will long to this level anyway through both spot and margin.
ETH
- ETH Showing bull price action to the 250$ price level and if this level is broken, we will see highs achieved at 270$ before bears take back charge on the market to take it to the dumps.
XRP
- XRP showing that longs to the 0.22$ price level are virtually guaranteed following a break of the 0.21$ previous price floor now ceiling but longing price from now won’t even be an issue seeing as EMA resistance is bound to be met at 0.22$ minimum. Main resistance level of 0.25$ will be the hardest of ceilings to break and price all probably never go above this but its possible to see spikes to the 0.27$, which is the trend line resistance since 0.70$ from 06/19.
CONCLUSIONS :
- IF price breaks above the 9800$ price level, we will place margin longs and also spot buys on the market. IF this does not occur, then we will see a rejection from resistance of wedge down to support at 8,900$.
SMALLER TIMEFRAME CONCLUSIONS:
- XBT & BTC> immediately bearish from 9,634$ price ceiling to the 9,300$ level and even more so to as low as 8,900$ in an attempt for the bears to gain back control.
- ETH > ETH should immediately see bearish price action 225$ price level before daily close for the bears to stay in control of price.
- XRP > XRP should see immediate bearish price action to the 0.198$ price level at the minimum to find some support.
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
Weekly
BTC
- On the weekly for BTC, we can see clear indications that this is a bull trap as stated a million and one times. Moreover, We can see that following a rejection from this zone on average will lead to support only being found at the 6,556$ price level at the minimum and price could go as low as 5k on this rejection without much bullish relief on the weekly. Momentum indicators also showing bearish price action is coming with HA reversal being the top of the list. NONE THE LESS, on standard candle stick charting, we can see the possibility of a rise to the 10,218$ level is VERY POSSIBLE.
XBT
- On the weekly for BTC, we can expect a rise of price to the 10,535$ price level before massive sell offs begin in the market and the 8,524$ price level is holding as firm floor. Earliest signs of the bears gaining back any control of the market lay at 10,000$-10,200$ price level - note that 9,900$ could be first signs of weakness. Momentum indicators also showing this course. NEVER THE LESS, the bears will take back possession at this level to take price back down to the 5,000$ price level.
ETH
- ETH on weekly looking Bullish to the 260-270$ price levels across all charting unless massive bearish price action begins within the next 24 hours below the 240$ price level.
XRP
- XRP seems to be the most realistic of the market with bearish indications on the charts but showing a rise to 0.25$ and 0.22$ respectively is completely possible. NONE THE LESS, on this large time frame, XRP is not budging to this bullish market activity.
Daily
BTC
- On the daily for BTC, we can see that we may break out of wedge to the 10,218$ before a rejection to the downside.
XBT
- On the daily for XBT, we can see that once again a bullish swing to at least the 10,000$ price level is possible. We need to factor in that the whole way up BTC is lagging behind the alts such a ETH. THE SCARY PART IS THAT, IF WE DO NOT SEE A REJECTION FROM HIGHS OF 10,500$, WE’LL SEE A SPIKE UP TO THE 13,625$ PRICE LEVEL AND WE WILL ARM OURSELVES FOR THIS. Do not be alarmed by this though, as I firmly believe a rejection from the 10,500$ level high is possible and we will long to this level anyway through both spot and margin.
ETH
- ETH Showing bull price action to the 250$ price level and if this level is broken, we will see highs achieved at 270$ before bears take back charge on the market to take it to the dumps.
XRP
- XRP showing that longs to the 0.22$ price level are virtually guaranteed following a break of the 0.21$ previous price floor now ceiling but longing price from now won’t even be an issue seeing as EMA resistance is bound to be met at 0.22$ minimum. Main resistance level of 0.25$ will be the hardest of ceilings to break and price all probably never go above this but its possible to see spikes to the 0.27$, which is the trend line resistance since 0.70$ from 06/19.
CONCLUSIONS :
- IF price breaks above the 9800$ price level, we will place margin longs and also spot buys on the market. IF this does not occur, then we will see a rejection from resistance of wedge down to support at 8,900$.
SMALLER TIMEFRAME CONCLUSIONS:
- XBT & BTC> immediately bearish from 9,634$ price ceiling to the 9,300$ level and even more so to as low as 8,900$ in an attempt for the bears to gain back control.
- ETH > ETH should immediately see bearish price action 225$ price level before daily close for the bears to stay in control of price.
- XRP > XRP should see immediate bearish price action to the 0.198$ price level at the minimum to find some support.
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
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