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???
30 Aug 2022 1 minute read 0 comments FreedomBuilder
The bearish divergence (RSI / MACD / OBV) on the S&P 500 is confirmed after the crossing below the level 50 of the RSI, the break below the MA 62, and a lower low. The sellers are still present, and we see it on the Momentum via the MACD which is s...
29 Aug 2022 1 minute read 0 comments FreedomBuilder
The shorts continue to open positions and it is visible on the biggest peak at 24K with 85 million dollars in liquidation, but first are we going to take the liquidity via the peak towards 21.1K? and until then to also see if the shorts have closed...
28 Aug 2022 1 minute read 0 comments FreedomBuilder
The DXY Dollar Index is starting to lose momentum via the MACD. Three Weekly bearish divergences on the DXY to be confirmed: on the RSI, the MACD and the OBV (On Balance Volume) with price rising while volume is falling. The price can continue in t...
27 Aug 2022 1 minute read 0 comments FreedomBuilder
Will we have a 10K Bottom on November 7, 2022? My answer is just to speculate, I could be completely wrong!!! Since the last ATH at 69K we started the Bear market with impulse and corrective waves. - First wave of downtrend corrected -52% over 77 d...
26 Aug 2022 2 minute read 2 comments FreedomBuilder
Since June 2022 after the big drop we have been in an accumulation range, personally I think of a continuation of the drop given the head of the Weekly which is not terrible and also the volumes. In Daily we was yesterady in the middle of the range w...
25 Aug 2022 1 minute read 0 comments FreedomBuilder
Low volatility on Bitcoin over the last 5 days except for a small rise with bearish volumes on the OBV, if confirmation of the bearish divergence then the continuation of the down trend. When the price tries to break above the key resistance level at...
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...
