junosats

junosats

It's like crazy as we know the last few days of the market environment which is obviously not good for BTC. The way the market is looking right now however is pretty horrible. Together with the Grayscale's FUD which they keep selling BTC to the market somehow is killing this market slowly. Therefore, I give you these key notes as guidance for the next BTC...

17:54

junosats

This is my perspective about current bitcoin condition. We never know whether it's a bearish trap or it's the action to retest previous broken support as resistance. However, I'm still sticking to the plan and see my scenario of downside movement will be met.

13:18

junosats

This is how I analyze the crypto market with the 200 EMA as the base indicator to identify the different between the bitcoin, total market capitalization and the altcoins market capitalization. Based on the structure, we can see that the recent bull run is mainly affected by the movement of the bitcoin. The interest in altcoins literally is going down as of now....

09:39

junosats

Bitcoin is now testing the resistance trend line which has been forming since the interim high. Still maintaining a lower high structure overall, so that it hasn't been any confirmation of another bullish continuation. Must wait what the price will do right at this level.

08:26

junosats

Bitcoin in overall structure is still forming the formation of downside parabolic rally and it seems quite bearish imo. However with the mixed signal based on the rejection, it could also be another leg up to be finished. That's why currently we are not confident with this bearish bias.

07:31

junosats

Bitcoin has broken out above the resistance trend line which is also the upper line of the triangle we anticipated on previous analysis as the bearish pennant structure. However, still there isn't any confirmation for the continuation for this breaking out. Must wait the break also on this horizontal resistance at $27465 level. Also look at the TRX as the hotlist...

07:56

junosats

This is another update about the bitcoin as the price action has been developing in another consolidation factor. During the development of the price action, we also see that the price is now forming another bearish scenario as the liquidation factor involved in this analysis.

07:44

junosats

The latest pump still doesn't mean anything for the bitcoin as the price is still forming another lower high structure here. Unbiased and uncertainty, it's all what we are seeing on the bitcoin. Just to be patient and don't take any unnecessary risk as of now.

08:11

junosats

It's been a difficult week to trade on the crypto space and we are now seeing the price is forming another possibility of descending triangle. On the higher time frame, the price hasn't broken the bullish structure but still we are open for possibility to test $25200 region first.

05:16

junosats

Bitcoin is printing a lower high structure in the lower time frame but still we have to remember that the price is now trending near the sacred resistance zone at $32000 and based on my experience, it could be a valid rejection. Still watching the levels I marked on the video.

05:51

junosats

Bitcoin is now reaching out the strong resistance zone which is the alignment between the resistance trend line and the golden ratio level. Let's see what will the price reacts because it's a huge resistance zone.

07:20

junosats

Some divergence we are seeing on the higher time frame and it looks like that I will enter short position right after the price breaks below the support trend line anticipated. Also watch the area of .382 Fibonacci retracement level which is having an alignment with the strong support at $26700 level.

14:34

junosats

Bitcoin is currently trending at the strong area of resistance which there are a lot of confluence factors right aroung this zone that we have to be very cautious. Price hasn't broken out above the resistance zone so we have to stay away from it temporarily. Also, this is our set up on BTC so that we can anticipate both upside and downside movement of the Bitcoin.

12:34

junosats

The fact that the recent pump on BTC is just only sucking liquidity from the altcoins market and there isn't any fresh fund entering the market somehow is worrying me. Also look at the correlation between bitcoin dominance and the bitcoin moement.

14:03

junosats

This is my opinion about the possible altcoins season. This narrative is just wild out of nowhere. The statistic and data that I got seems not supporting it as of now. The altcoins short term rally was only because of the BTC's pump. There isn't any source of fresh fund entering the altcoins market yet and the BTC's pair on the altcoins are moving in the lower...

19:42

junosats

This kind of structure is in a lot of uncertainty but we still can find gem on this random price action.

14:52

junosats

The fact that current bullish break out on BTC isn't backed with the new money entering the market is kind of becoming our main concern here. The dominance is trying to smash out 48% level but we don't know how will it impact the market.

07:03

junosats

Can't explain much about bitcoin as the latest candlestick on the weekly time frame has formed a type of doji candle which represents uncertainty. Meanwhile, I see KAVA is now testing the support trend line for the 3rd time. Should be an opportunity to open long position for scalping