Mihirr
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Understanding of BTC counter-trend using trend line method - an easy to understand approach.
Firstly, it has breakout the yellow down trend line - that'll be the first good news.
Secondly, it has breakout the green down trend line - that'll increase the probability of reversal.
Finally, it needs to close above (1 day close) the orange horizontal line near $94k range for trend reversal.
#Bitcoin #BTC $BTC
BTC0.64%
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It's year end. This indicator shows BTC's 2025 trend. Those white circles indicate trend supports.
Earlier I shared why BTC trend is not broken yet - this is another view showing the same using a different approach.
#Bitcion #BTC $BTC #Crypto
BTC0.64%
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Gold retraced 11% from the Resistance#1 near $4400 - it was a shallow correction.
The next resistance level (R2) is near $4650 level.
#Gold #Commodities
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I was discussing BTC’s support with my friend and explaining why the November low (closing price) is critical on the one-month timeframe.
The cycle hit a resistance (yellow) line on the linear scale.
The support-level structure is identical to the previous cycle (white line). I wouldn’t assume a breakdown until it actually happens.
That’s why calling the end of the cycle is premature, while at the same time the November low remains critical.
#Bitcoin #BTC $BTC #Crypto
BTC0.64%
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Calling out BTC bottom here.
[I'll update if it surprises - just in case]
$BTC #Bitcoin #BTC
BTC0.64%
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LUNA is bouncing hard.
It seems, Do Kwon related speculation ahead of his Dec 11th sentencing.
#LUNA $LUNA #Crypto
LUNA-0.6%
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A gentle reminder:
BTC didn't break its up-trend, and still up.
Yes - it was on edge (like I said, in ICU), but not dead.
It is not what about what I expect or wish, but what technicals are indicating.
Refer the white boxes to understand trend support zones and how it is making progress.
#Bitcoin #BTC $BTC #Crypto
BTC0.64%
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Please don't be surprised if bears turn into bulls after seeing BTC hitting $90k 😉
#Bitcoin #BTC $BTC #Crypto
BTC0.64%
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Earlier, I highlighted a broader support zone near $175 for MSTR stock. Further calculations revealed $165 as a more precise support level.
MSTR is under pressure but still in an uptrend, and $165 is not its last trend-level support.
#Strategy #Saylor #MSTR
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Allora (Allo) coin wants to breakout to the upside.
It's an AI based coin.
#Allo $Allo #Crypto
ALLO3.65%
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Understanding a bottom in Technical Analysis:
Bottom is a two step process:
1) support
2) height of a bounce
When price hits a support, it provides defense and a potential bounce.
Trader tracks the height of a bounce and confirm a bottom when a bounce gets a required height.
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Listen to ICP and FIL - they want to say something about the market's potential next move.
ICP2.73%
FIL-0.15%
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Currently a green arrow applies to BTC as the price is above the trend level support zone.
Short squeeze will be great!
#Bitcoin $BTC #BTC
BTC0.64%
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Do you think ZEC will flip BTC?
$ZEC $BTC #ZCash #Bitcoin #Crypto
ZEC8.54%
BTC0.64%
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Refer to the stepping stones to understand how Link is making progress.
There isn’t much explanation needed once this view is understood.
#Chainlink #Link $Link #Crypto
LINK0.64%
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