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Sakis retweeted
#Bitcoin lost the $80,620 level on both the weekly and monthly charts. October closed around $77,500 and the weekly closed at $80,000.
The key level to watch now is $74,500. Holding it keeps the door open for a move higher, while losing it puts $69,000 in play.
The US midterms hit next week, so caution is advised when trading!
$BTC ended up losing the support with the recent Binance hack, and now we need to see how the weekly closes.
A further pullback towards $74,000 is likely to come, but it could also frontrun that level and move higher from here!
Be patient in the market in this area during these times of uncertainty
Sakis retweeted
The bullish scenario from August played out. We got the weekly and monthly closes above $72,440, and $BTC pushed up into the $82,820 resistance.
October brought a rejection and pullback from that level, but the weekly structure still looks like a cycle bottom is in.
Until we see a new ATH, we're treating every higher timeframe pullback as a buying opportunity.
We’re watching two main scenarios for $BTC. Reclaiming $67,000 and holding it could open the way toward $72,000 and confirm that the bottom is likely in!
If $67,000 remains resistance, $BTC could eventually make a new low below $57,730, with the $49,000 area being our worst case zone and a potential long term buying opportunity!
For now, sub $67,000 levels remain interesting for DCA, but macro and geopolitical developments could heavily influence what comes next.
A short term bounce might come to try and save the monthly and weekly closes, but we remain in an uncertain period!
Volatility might remain high during this weekend, and will take out more traders that over leverage.
After the monthly close we will have a more clear picture of what might come during the US midterms
$BTC tapped its 100D MA level, while the RSI is approaching oversold territory.
Looks like the bottom is close.
Important day for the markets today, despite not having a clear picture yet of what could come.
The market still believes that rate hikes could come in December, but until then this will likely change and benefit the markets!
The Fed held rates at 3.75%–4.00% as expected, but two members voted for a 25bps hike, so inflation worries are still alive.
Warsh said inflation remains too high and gave no firm guidance on December, calling the period information rich.
Short term, expect volatility. Long term, a strong economy and a patient Fed could bring rallies back if inflation cools!
Bitcoin price has managed to barely hold the 80k zone, and depending on what happens the next days with the geopolitical news and the FOMC we will see the next breakout move.
A full update was posted on the free channel, showing in-depth the next possible scenarios we are waiting for
$BTC made a move close to $79,000 but so far managed to reclaim the support level.
If the daily holds above 80.5k it might make a short term bounce towards 82k, but it's now at a very crucial point.
The next days will likely be very volatile so be careful for any fakeout moves!
Sakis retweeted
$BNB reclaimed the $660-$700 zone and pushed up to $790, where it faced rejection over the past few weeks.
Price has since bounced just above $700. If the bounce continues, a retest of $790 is likely. If it falls back into the zone, expect consolidation.
Bitcoin's next move will heavily influence which scenario plays out!
Crucial signal for #Bitcoin, but do not assume it will mark the bottom again.
Use multiple factors when judging when a major move is coming, never depend on a single indicator!
From the looks of it if a short term bottom is near will depend on the upcoming FOMC meeting and what is stated there, as long as 80k can hold on the daily
Sakis retweeted
Every trend runs out of steam eventually, and the signs show up before price turns. Don't buy the top.
Watch for fading volume while price keeps climbing. Fewer traders backing the move is an early warning!
Also look for failed breakouts and lower highs. No single signal is a guarantee, so wait for two or three to line up before you act.
The next breakout move is near for $BTC price, and will likely trap most traders in the market
The consolidation zone mentioned the past days is still holding on the daily timeframe, and the next days it will likely break
News headlines might determine on which side the breakout happens!
$BTC weekly close came in around $82,000, and this week's push above $84,000 failed. Price is now retesting the $80,620 support again.
A busy news week is ahead, with the FOMC meeting and the Fed rate decision in focus. Rates are expected to stay unchanged.
A breakdown below $80,620 or a breakout above $84,000 will show us the next direction.
$BTC made a move close to $79,000 but so far managed to reclaim the support level.
If the daily holds above 80.5k it might make a short term bounce towards 82k, but it's now at a very crucial point.
The next days will likely be very volatile so be careful for any fakeout moves!
Bitcoin ended up facing strong rejection at the 84k resistance and made a pullback all the way to 81k again.
This is a bad first sign since the 84k level was not reclaimed and a big pullback followed, but let's see how this daily closes and how the weekly ends up closing
This short term dump could end up being fake so better wait for confirmation outside this zone
Sakis retweeted
$AVAX broke above $8.45, ran into major resistance at $12, and got rejected. Now it's pulling back to retest $8.45 as support.
If $8.45 holds, another push toward $12 is likely. If it's lost, the pullback could continue lower!
Good rejection here for Bitcoin dominance, helping some #Altcoins hold their key zones
This pullback would be good to go lower from here but with a bullish bitcoin, so that the strongest coins start to outperform
If this resistance ends up being broken it will be a bad indication for the market!
Sakis retweeted
$USDT.D bounced at the 6.208% support, but we expect it to fade and break lower in the coming weeks. That opens the door for a pullback toward 5.10%.
Falling dominance means capital flowing back into crypto, which is bullish for BTC and even more so for altcoins!
Worst case, the bounce extends toward 7.5% where we'd expect a rejection, but that looks unlikely right now.
Bitcoin ended up facing strong rejection at the 84k resistance and made a pullback all the way to 81k again.
This is a bad first sign since the 84k level was not reclaimed and a big pullback followed, but let's see how this daily closes and how the weekly ends up closing
This short term dump could end up being fake so better wait for confirmation outside this zone
$BTC ended up making a good bounce and is now retesting the resistance at $84,000
The daily needs to close above it and hold it to start moving higher from here, and possibly reach the 90k zone
If price faces rejection here and makes closes below 83k again it will be a bad indication that the choppy price action might continue
$BTC ended up making a good bounce and is now retesting the resistance at $84,000
The daily needs to close above it and hold it to start moving higher from here, and possibly reach the 90k zone
If price faces rejection here and makes closes below 83k again it will be a bad indication that the choppy price action might continue
Sakis retweeted
#Altcoins held the 568B–617B support, consolidated for weeks, then broke out in August and cleared 782B in September. After getting rejected near 900B, price is now retesting 782B as support!
If 782B keeps holding, a move toward 1T looks likely, which would bring momentum and sidelined capital back into the market.
Lose 782B and a pullback toward 700B comes into play, which would shake out late longs and cool sentiment. Stay patient and let the level confirm.
$DOGE is usually one of the coins that starts the major rally for the rest of the altcoins and has been moving lower the past weeks.
A full update was posted showing which levels where retested and which key zones need to hold for price to start moving higher again
$DOGE found support at $0.0682, pushed back above $0.0736, and ran into major resistance at $0.1010, where it got rejected twice.
After losing $0.087, a retest of $0.0736 looks likely. If it holds, $DOGE could bounce from there!
A clean break above $0.1010 is needed for the long term move up. Until then, expect choppy price action with possible opportunities.
Sakis retweeted
Not every level on your chart deserves your attention. The ones that matter most have been tested multiple times and show up on higher timeframes, where bigger players and more capital are involved
Look for strong reactions on heavy volume and confluence, where several signals line up in the same area. The more reasons for price to react, the more likely it will
Quality over quantity, a clean chart with three strong levels beats a cluttered one with fifteen!
