Crypto Charts 120

Bitcoin Last time we said: I am looking for a break to the downside and test towards the $23k level to complete the 5 waves lower and end the wave 2 correction. Look to buy at $23'250 and add at $22'747 As you can see we traded slightly higher stopping

Chart Analysis

Crypto Charts 119

Bitcoin Last time we said: we are trading sideways in a wave (iv) corrective triangle. I am looking for a break to the downside and test towards the $23k level to complete the 5 waves lower and end the wave 2 correction. Look to buy at $23'250 and add at

Chart Analysis

Crypto Charts 118

Bitcoin We were bullish: Whilst above the $28'500 level As you can see from the chart once we broke that level we sold off sharply to put the short term bearish view into play. We stopped at $25'134 to end what should be the major wave (iii) lower. Since then

Chart Analysis

Crypto Charts 117

Bitcoin Last time we said: ‘Whilst above the $28'500 level we will continue to look for higher, raise stops to that level and look to rebuy again $28'880’ We remain bullish and look for the BTC to accelerate higher with wave iii confirmed to be underway on a break back

Chart Analysis

Crypto Charts 116

Bitcoin Last time we said ‘The sideways price action look like we are in the late stages of a wave b triangle. Once complete we will look for a thrust below $29'660 to confirm lower in the coming days and start to buy at $28'880, add at $28'100 and again

Chart Analysis

Crypto Charts 115

Bitcoin Last time we said: ‘Look for a sell off from current levels and start to buy at $28'880 , add at $28'100 and again at $27'330 with stops at $26'000’ The sideways price action look like we are in the late stages of a wave b triangle. Once complete we

Chart Analysis

Crypto Charts 114

Bitcoin Last time we said: Look for a sell off from current levels and start to buy at $28'880 , add at $28'100 and again at $27'330 with stops at $26'000. As last week we expect a sharp acceleration on a break back above $32K We traded to $31'818 before selling

Chart Analysis

Crypto Charts 113

Bitcoin Last time we said: ‘It appears we have completed 5 waves up for wave (i) and are currently correcting in 3 waves. Look to buy at $28'900 and add at $28'100 with stops now at $25'800. Once the correction is complete we should see a sharp acceleration above 32k'

Chart Analysis

Crypto Charts 112

Bitcoin Last time we said: Sell in the $27'150-$27'890 area with stop and reverse above $28'500 looking for a test of the $22'380 level We were looking for lower but luckily used a stop and reverse as we blew through the $28'500 level favouring the rally in wave 3

Chart Analysis

Crypto Charts 111

Bitcoin Last time we said: ‘Look for a sell-off to the bottom of channel whilst below $28'500. Wave Y will be equal to wave W at $23'260 but we would start buying around the $24k level and the bottom of the channel’ We fell short of my target and whilst

Chart Analysis

Crypto Charts 110

Bitcoin Last time we said: ‘I believe we should see further consolidation followed by a break of the 26300 level which should see an acceleration towards the bottom of the channel to complete 5 waves for wave C. Wave A and wave C would be equal in length at 24274

Chart Analysis

Crypto Charts 109

Bitcoin Short Term Chart Despite recommending buying at $27'400 last week, I am closing my position now and will look to rebuy around the $24'300 level. Given the sideways converging range bound price action (a corrective signal) of the last week, I believe we should see further consolidation followed by

Chart Analysis

Crypto Charts 108

Bitcoin Short Term Chart Last time we said: Close shorts and go long at in the $25'188 – $26'536 area where we would start buying. Place stops below $23'000. Once wave (iii) gets underway we should see a sharp acceleration to the topside We traded down perfectly in line with our

Chart Analysis

Crypto Charts 107

Bitcoin Short Term Chart Last time we were said: ‘It appears that we are in the final stages of a corrective triangle given the range bound price action we have seen over the last 7 days. Look to sell around the $29'500 with stops at $30'500 for the wave Y

Chart Analysis

Crypto Charts 106

Bitcoin Short Term Chart Last time we were looking for a break higher and believed: ‘A break above $30k will see short covering on the futures and should see an acceleration towards $35k level’ We traded to $30'998 before selling off over the last 2 weeks. I have adjusted the

Chart Analysis Featured

Crypto Charts 105

Bitcoin Last time we were looking for a triangle correction to complete b with momentum dropping it allows for greater acceleration to the topside once finished in a wave (iii) of 3 which is often the strongest leg of a trend. Look to buy now at $26'350 and again at

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Crypto Charts 104

Bitcoin Last time we said: Given the divergence in the MACD we are on alert for a sell off. If this is the case then look to buy at $24'200 and $22'900 stops at $19'500. The next target to the topside is $32'800 The divergence signalled a correction with the

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Crypto Charts 103

Bitcoin Last time we said: we are now looking for major wave (iii) to rally in 5 waves. With initial targets above 27k. Given the break out of the channel we will call; wave (ii) in place we can raise stops to last weeks lows We traded much higher in

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The Digital Assets Report 109

Summary * SVB the 16th largest US bank, is the most important bank failure since 2008 financial crisis. * In the wake of SVB, Signature and Silvergate banks, the 2 largest banks operating as the "backbone" of the crypto industry in US went to bankruptcy also. * Stablecoin USDC has de-pegged during the

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Crypto Charts 102

Bitcoin Last time we said: We are now correcting in wave (ii) that might take us below last weeks stop levels. I would lower stop loss levels to below $18'900 and look to add to longs at $21'415, $20'283 and $19'200. Once this correction is complete I expect a sharp

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The Digital Assets Report 108

Summary * Silvergate bank in the turmoil : $8.1 billion Capital outflow (60% of AuM) only in Q1, terrible results of $1 billion loss. The bank has delayed its annual report to repay debts this year and was evaluating the impact of these events on “its ability to continue as a

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Crypto Charts 101

Bitcoin Last time we were looking for a correction before higher. As you can see from the chart we dropped out of the channel and further than expectations. We said last time: Look to buy at the $22'900 and add at the $22'300. Place stops for short term trades below

The Digital Assets Report 107

Summary * Hong Kong's government successfully issued its first tokenized green bond of 800 million Hong Kong dollars (US$101 million), according to an announcement last Thursday. * Siemens emitted €40 million Blockchain-based bond on Polygon Blockchain. * Terra founder Do Kwon charged with fraud by SEC. According to the SEC’s complaint,

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Crypto Charts 100

Bitcoin Breaking to new yearly highs last week confirms that wave (v) is underway and we remain bullish for BTC in the coming weeks. It appears that a wave ii correction is underway and if it takes the form of a zig-zag look to buy at the $22'900 and add

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The Digital Assets Report 106

Summary * S.E.C.'s decision to charge the crypto exchange Kraken with securities violations regarding its staking services. Funds were not directly staked to the dedicated Blockchain but instead managed by Kraken pool to avoid unstaking period. SEC considers the staking service close to lending activities. To settle the