Surfing The Market #9

Surfing The Market #9

By MikeZillo | Trading with Mike Zillo | 15 Jul 2022


What market phase are we entering into has been the introductory question for our last appointments.
Welcome to Surfing the Market, we are already at our 9th appointment and I hope that with these easy tech analysis we have helped you and we can help you further.

Let’s start from our usual weekly perspective

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The last week we bounced for the fifth consequent week on the 19000$ area and while I am talking, the price is trying to take off from the 21000$ area.  

Do you know why my target is to gain some portion of BTC to be higher than exactly 0.003 BTC? week?

Give your answer here in the comment! 

What do I expect from a daily perspective?

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Here is a daily chart, where the usual continuous red and blue lines are still clearly visible.

Price has confirmed the yellow support, retesting again the 22500$ area. For the moment, price has been rejected and I would like to see a breakout beyond 23500$ level to dissipate price rumor that we have been looking at in the last three weeks.

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Stochastic has been rejected from the the overbought area, and I see potential here for a further upward movement.

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Price is getting even closer to the Cloud, having broken the temporary resistance in the descending blue line, finding now the red one. Having that broken, we will likely approach the Cloud in a thinner area, where the upward breakout is more likely to happen than in areas with thicker cloud.

What to observe particularly?

We are back in the area of 21000$. Now price has more strength since the rebound is built with full body green candles. And I am now looking forward for a 21500$ breakout.

Let me know what you think about this new weekly appointment, and what indicators you would like to be taken into consideration more (or even explained).

Stay tuned and be sure to follow to get noticed when my contents come out.

So far, I forgot to mention, but of course, none of what I write can represent a financial advice in any form. So Do your own research before taking any kind of action.

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MikeZillo
MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here https://www.youtube.com/channel/UCvyXx6I1C__zmLAYUXNZwQQ? Telegram: @mikezillo


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