Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???
24 Aug 2022 1 minute read 1 comment FreedomBuilder
The BTC after breaking its bullish channel from below it stopped on the support at 20.7K to bounce up to 21.9K To be more likely to continue above, it is better to have a bearish channel of regression which will break from above to confirm the bu...
23 Aug 2022 1 minute read 0 comments FreedomBuilder
The most important bearish divergence is the OBV (On Balance Volume) which shows us that the price is rising while the volumes are falling. We had bearish divergences on the RSI and the MACD but without the OBV so no confirmation. We are approachin...
22 Aug 2022 2 minute read 0 comments FreedomBuilder
- When I started doing the back test with the MA 62 in Weekly, I can say that we are on a Bottom after the break down of the MA 62 in January 2022 we are at -58% retracement and this is almost the case during the last two cycles. - The passage belo...
20 Aug 2022 1 minute read 2 comments FreedomBuilder
Trend waves are powerful with lots of volatility, unlike retracement waves which often happen in a range or regression channel with low volatility. The Weekly trend on BTC remains bearish with lower lows and higher highs. If we are in the last big...
19 Aug 2022 1 minute read 0 comments FreedomBuilder
Moving averages that I will use for analysis- MA 19: the white.- MA 38: the orange.- MA 62: the blue. When the price goes below the three moving averages and especially the MA 62 in blue, it is a big bearish signal and the start of a last bearish l...
18 Aug 2022 1 minute read 2 comments FreedomBuilder
After breaking the key support level in H4 at $23,671 with a candle close lower, we are now doing a pull back. If we spend more time at arround 23.5K level, I think the shorts will continue to accumulate liquidations in the north, which is the case...
17 Aug 2022 1 minute read 0 comments FreedomBuilder
Are investors scared and sending their BTC to exchanges for dump! or simply exchanges like Binance and Coinbase are preparing a Long Squeeze to the south by sending BTC from their decentralized wallet? A rise on the S&P 500 without volumes o...
16 Aug 2022 1 minute read 2 comments FreedomBuilder
High confluence on the S&P 500 in Weekly wich is showing a lot of bearish signals- Bearish divergence on the RSI.- The key resistance at 4325 in confluence with the trend line, the 61.8% fibo, , and the MA 62. We are now at the 4325 on the S&P 50...
15 Aug 2022 1 minute read 0 comments FreedomBuilder
Are we confirming the bullish divergence on the DXY which indicates a top on the BTC and then the rejection?https://www.tradingview.com/x/ucWnh3K7/ I have shared a back test on the DXY with the BTC which shows that each time the Dollar confir...
14 Aug 2022 1 minute read 2 comments FreedomBuilder
Stop hunting for shorts at $25032 just above the last high at $24940. H4 bearish divergence to be confirmed with a close below the last low at $24400 to test the key support level at $23671 in confluence with the MA 62. While waiting for the openin...
