Kid Satoshi

@kidsatoshi

5 Following

12 Followers

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As suggested in my previous posts, the support did broke and now we are going further down. I don't see it going below 54.8k though. Hopefully we are gonna see strong support in the yellow box and the bulls can start doing their work. $BTC

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Even though it was a corrective structure to the upside, which suggests that a new low is more likely, but the bulls can hold the 59.5k level and continue the upside rally. A lower chance is still a chance. $BTC

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ETH got resistance at 3600. But I don't think ETH is seeing another low in this correction. At least it got lower chances to see newer lows than BTC. $ETH

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We got a good green candle today. But looking at the higher time frame, it's still looking corrective. The price have reached the 100% extension, and the C wave looks complete. I have added the yellow support box where we have a possibility of seeing the final lows. ETH ETFs are delayed, institutions are trying to tank the price down as low as possible, but not necessarily it will go much down, as people got billions ready to buy if it goes to the 40s. In crypto, things can change overnight. But the correction is getting quite long in time. It is certain that it cannot go on like this for much longer now. If we get some negative news, it will most definitely bring in the final leg down and complete this 4 months long correction.

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Things stay unchanged. Chart is looking corrective to the upside as per it seems. One more low is expected unless the bulls form a strong movement soon. $BTC

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Quick update for ETH/BTC chart. Seems like the bottom is in. Now we have a resistance at 0.058. We can see a little pullback after that, or we can see a direct upside movement based on the ETH ETF news. $ETH $BTC

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The alternate scenario is still valid. If we don't get a sustained break above 65k, further downside is still expected to complete the correction and give us a better bottoming structure.

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We got a good upside movement from our support box. That's why we have these boxes, to scale in when the prices fall into the box and scale out when it is in the resistance boxes. Now we need to break above 65k at least, to get a first indication that the correction is over. There are still some liquidities left downside, but that would be the first indication, after which we have some other parameters to check to confirm the claim. $BTC

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If the lows are in, we got a support at 60k to hold for further upside. 1h chart shows some good movements, but we do need some strong candles. Other option is that we are gonna make another low, presumably below 56.5k. Unless the supports are holding, this would be my alternate scenario. The ALTS market suggest the first option tho, so let's see how it goes! $BTC

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We got a handful of supports at around 66k. Bitcoin seems to follow a diagonal path to the upside. It's totally bullish in longer time frames. We had negative BTC ETF inflows. And there is the Fed Interest Rate decision coming in soon. Things are going to be interesting the next few weeks. Bull run yet to come! $BTC

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BTC is going through a correction, ideal 1:1 correction for the C wave should be between 63700 to 65000. After that, if we get a confirmed wave 2 completion, we should be heading for an impulsive third wave.

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That trendline support just hold so well! Removed all the downside support boxes, if now we can break the upper resistance box, we can easily reach at least 84k+ if I am being conservative. I will add resistance boxes as soon as we break it. $BTC

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At this moment, without getting one more movement to the downside, it feels like the current rally might not break the range. The price action was so messy these days, should have been a flush of liquidity before going up. But there's a lot of upside liquidity too! Let's see what happens the next few days. $BTC

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Interestingly, BTC did show an impulsive candle to the upside right after my last post, but in the longer time frame, the scenario is still unclear. If I can see one more leg up, followed by a corrective structure to the downside, I can think about the imminent bullish outcome. $BTC

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Still in a corrective structure to the upside. Unless I see a impulsive price action to the upside, my primary idea would be to get another low from the last swing low to complete the 1-2 setup. Let me know if you want detailed analysis on any altcoins. $BTC

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Any developers here? What's your favorite chain to build on? #web3 #blockchain #crypto

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What would be the price of $BTC on June 1? Less than 50k or More than 70k? Comment your thoughts!

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Interestingly our trendline support is still holding, even though the recent upside moves seem corrective. The upcoming week is gonna be quite crucial and it seems our sufferings are now coming to an end, we are waiting for a ending at this point. Something big is cooking! $BTC

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Trendline support is still holding. If it breaks down, 59.7k got a strong support and ideally it should turn around from there. We still have a lot of support zones below before we even think of any other scenarios than the current one. $BTC

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