Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

Feb. 28 Bitcoin Update

We are halfway into the week and $BTC has already printed a $10k weekly candle from $50k to $60k. This is Bitcoin doing Bitcoin things. The price is well above the light blue resistance line, which has been acting as strong resistance throughout the year. Bitcoin is also in a strong resistance zone between $58.8k and $61.5k. I think there will be a lot of sellers here and I would build up a short position above $60k. The price is still trending up, I think there could be a pullback at some point towards the end of the week.

$BTC Update

BTC had a strong overshoot above my resistance zone, I managed to short at $62k and will leave my shorts open. I think this could be the top, we will see how the market is trending the next few days and weeks. I think there could be a lot of downside from here. There was some suspicious activity with Coinbase, I will publish an article about that once I figure out what happened.

$BTC’s $61,561 Price Level

$BTC is showing some bullishness still, there are sellers above $62k. Right now $61,561 is the key price level, BTC is trying to find support here. I’m still bearish and still shorting. The price is up $13k in 3 days, I think it will drop back down.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

BTC Bull Pennant Support Held Despite Israel-Iran FUD

Yesterday evening tensions between Israel and Iran began to rise again with conflicting news reports about Israel’s attack on Iran. BTC and stock market futures turned red from panic selling, but the conflict calmed down relatively quickly for the second time in a week. BTC successfully held above the bull pennant support line, and there […]

Read More
Default Thumbnail

ETH Reclaims Support at the Green Zone

$ETH dipped below the green support zone on April 13, and has been struggling to reclaim support. ETH and ALTS were bought up during yesterday’s panic selling, and now ETH has successfully reclaimed support at the green support zone again. I would monitor the price to make sure ETH remains above $3,050 so that ETH […]

Read More
Default Thumbnail

BTC Held Support at the Bull Pennant Lows

$BTC tested the lows of the bull pennant yesterday, and the price has successfully held above the lows of this pennant. I think BTC continues to trade within the pennant for now, and I would monitor the price action to make sure BTC doesn’t break down here. The Bitcoin halving is less than 48 hours […]

Read More