Updates for BTC, according to my previos posts on June and July
Hello guys and girls, I´m going to write this post taking in account my previous analysis made on June and July
I've been without updating but checking on the trend, price action, patterns and so on
So let's go!!!!!
First post: June the 1st 2021
My last analysis lowered a bit the PRZ but that huge pattern is still influencing the price action.
Those black squares are showing some mimic in price behavior so, maybe after this days of a boring nearly ups and downs I think we will have some visit to lower levels, as usual false breakout, liquidity zone for panic selling and boom, pullback.
Pay attention to that apex, is getting closer and closer.
Indicators show relatively nothing, resistance on midpoint 50 on RSI and EMAs performing in the bear zone
Jun 3
Beware of this possibly breakout. I see the price going up and the volume going down (1D TF) so, maybe we are having some liquidation process, shorts are going to be killed if this prices reach your stop losses.
Move you stops a bit upwards, don't go long, remember this isn't financial advice just for educational purposes and some adrenaline and learning.
Jun 9
False breakout as expected, then sink to lower levels as expected, and now pullback as expected. sorry if I repeat this too much. Harmonics are deeply underestimated. I'm still waiting for my targets on 47k 50k and 53k
Second post: June the 11th 2021
BTC is still influenced by that huge Bullish Pattern and it´s close to for a Bearish Bat or extended Bat pattern . If so, my targets on 47k 50k and 53k will be successfully completed. After that, we have to wait for the bearish pattern to be completed and to have a nice shorts
This analysis is the complement of the others 2 updates.
Jun 22
So far the wick of this last drop, passed out A point, lets see how the 1D candle close and if this sell off continues, the pattern is going to change
From BAT to Cypher
Stay tuned
Remember this TF is for 1D, things are going to happen within days or weeks
The pattern DID CHANGED, and it affected the next high. I hope you all guys saw it.
Third post: July the 11th 2021
BTC is looking to get out from this accumulation process, so far this major Resistance level on 39k is now becoming support. The question is, Is this the beginning of the next bull run? I'd say yes, I saw the bottom on $29,200 and the price reached $29,313, pretty close.
But let's take a look at he trend, EMAs and indicators.
After a nice drop on May 12th, The price went on ups and downs and started a nice accumulation season since May 19-20 as it was analyzed in my previous post on Jun 1st and its updates, and the other chart showing a BAT pattern on Jun 11
Accumulation season, seems to be over but according to that huge Cypher pattern , the price was inside that blue box, I was expecting the price to break 36.8kand it did but, it also did previously and went back into it.
Also for the 3rd time BTC is touching that nice resistance on 40k as it did on June the 14th and May the 26th, however, what's different now? well the powerful 150 EMA is touched for the first time since May the 15th when it became resistance and now it's acting as support as it did sin Sep the 23rd 2020.
For some traders we are having mixed patterns and trends, in one hand we are under that scary death cross (50 EMA over 200 EMA ), but in the other hand 100 EMA 150 EMA and 200 EMA are now support and that's positive.
So, what's my expectation well I'd say that we are in buying levels, so if you want to buy, this is the time, I'm not financial adviser, this is just for educational purposes and some adrenaline and the fact that harmonics patterns are underestimated.
I think we are going to brake 40k-43k as we did on Feb the 8th with a nice green candle and my targets on 47k-50k-53k will be fulfilled.
RSI is showing a bit of oversold levels, maybe we need to cool down and go back to 36.8k to gain power again and move up, 7 EMA and 21 EMA just crossed to bullish but, they are below of 50 midpoint on RSI , I think consolidation/accumulation is going on for a few more days but with bullishness trend.
All right, after all this ups and downs and my own analysis copied and paste, here you have my insights on this:
--- The RSI mentioned in May reached a peak and I predicted the downtrend and it happened, BTC reached 60k for the first time (and last so far), the correction was done and we entered in accumulation zone since then. During this uptrend, the price formed a Bullish Cypher pattern, which is the huge green one and the first from left to right.
--- Once the Cypher was completed, it was time to take profits on 40k-43k-47k-50k-53k and this last target was almost reached (I missed for some amount lower than 100USD) on 6-7 September 2021 and again, during the down trend and accumulation season, another pattern was formed, the one I mentioned as BAT to Cypher which is the huge red one and the middle.
--- That Bearish Cypher set the next lower high on 53k, one of my targets since the Bullish Cypher was expected and sat the beginning for this downtrend we are facing now.
--- A new pattern is in progress, a Bullish BAT, the last one on green, D point is (again) inside that blue box I drown since I can't remember, If that pattern is fulfilled, the price is going to reach 30k levels, again we will have accumulation and then, another modest bull run but we will see.
--- All these analysis were made on 1D TF things are going to happen within days or weeks. I'll always be amazed about harmonics and its accuracy, I hope you enjoyed this huge UPDATE, read it carefully, check the references and my previous charts and posts
Trade safe
"patience is a virtue"
I've been without updating but checking on the trend, price action, patterns and so on
So let's go!!!!!
First post: June the 1st 2021
My last analysis lowered a bit the PRZ but that huge pattern is still influencing the price action.
Those black squares are showing some mimic in price behavior so, maybe after this days of a boring nearly ups and downs I think we will have some visit to lower levels, as usual false breakout, liquidity zone for panic selling and boom, pullback.
Pay attention to that apex, is getting closer and closer.
Indicators show relatively nothing, resistance on midpoint 50 on RSI and EMAs performing in the bear zone
Jun 3
Beware of this possibly breakout. I see the price going up and the volume going down (1D TF) so, maybe we are having some liquidation process, shorts are going to be killed if this prices reach your stop losses.
Move you stops a bit upwards, don't go long, remember this isn't financial advice just for educational purposes and some adrenaline and learning.
Jun 9
False breakout as expected, then sink to lower levels as expected, and now pullback as expected. sorry if I repeat this too much. Harmonics are deeply underestimated. I'm still waiting for my targets on 47k 50k and 53k
Second post: June the 11th 2021
BTC is still influenced by that huge Bullish Pattern and it´s close to for a Bearish Bat or extended Bat pattern . If so, my targets on 47k 50k and 53k will be successfully completed. After that, we have to wait for the bearish pattern to be completed and to have a nice shorts
This analysis is the complement of the others 2 updates.
Jun 22
So far the wick of this last drop, passed out A point, lets see how the 1D candle close and if this sell off continues, the pattern is going to change
From BAT to Cypher
Stay tuned
Remember this TF is for 1D, things are going to happen within days or weeks
The pattern DID CHANGED, and it affected the next high. I hope you all guys saw it.
Third post: July the 11th 2021
BTC is looking to get out from this accumulation process, so far this major Resistance level on 39k is now becoming support. The question is, Is this the beginning of the next bull run? I'd say yes, I saw the bottom on $29,200 and the price reached $29,313, pretty close.
But let's take a look at he trend, EMAs and indicators.
After a nice drop on May 12th, The price went on ups and downs and started a nice accumulation season since May 19-20 as it was analyzed in my previous post on Jun 1st and its updates, and the other chart showing a BAT pattern on Jun 11
Accumulation season, seems to be over but according to that huge Cypher pattern , the price was inside that blue box, I was expecting the price to break 36.8kand it did but, it also did previously and went back into it.
Also for the 3rd time BTC is touching that nice resistance on 40k as it did on June the 14th and May the 26th, however, what's different now? well the powerful 150 EMA is touched for the first time since May the 15th when it became resistance and now it's acting as support as it did sin Sep the 23rd 2020.
For some traders we are having mixed patterns and trends, in one hand we are under that scary death cross (50 EMA over 200 EMA ), but in the other hand 100 EMA 150 EMA and 200 EMA are now support and that's positive.
So, what's my expectation well I'd say that we are in buying levels, so if you want to buy, this is the time, I'm not financial adviser, this is just for educational purposes and some adrenaline and the fact that harmonics patterns are underestimated.
I think we are going to brake 40k-43k as we did on Feb the 8th with a nice green candle and my targets on 47k-50k-53k will be fulfilled.
RSI is showing a bit of oversold levels, maybe we need to cool down and go back to 36.8k to gain power again and move up, 7 EMA and 21 EMA just crossed to bullish but, they are below of 50 midpoint on RSI , I think consolidation/accumulation is going on for a few more days but with bullishness trend.
All right, after all this ups and downs and my own analysis copied and paste, here you have my insights on this:
--- The RSI mentioned in May reached a peak and I predicted the downtrend and it happened, BTC reached 60k for the first time (and last so far), the correction was done and we entered in accumulation zone since then. During this uptrend, the price formed a Bullish Cypher pattern, which is the huge green one and the first from left to right.
--- Once the Cypher was completed, it was time to take profits on 40k-43k-47k-50k-53k and this last target was almost reached (I missed for some amount lower than 100USD) on 6-7 September 2021 and again, during the down trend and accumulation season, another pattern was formed, the one I mentioned as BAT to Cypher which is the huge red one and the middle.
--- That Bearish Cypher set the next lower high on 53k, one of my targets since the Bullish Cypher was expected and sat the beginning for this downtrend we are facing now.
--- A new pattern is in progress, a Bullish BAT, the last one on green, D point is (again) inside that blue box I drown since I can't remember, If that pattern is fulfilled, the price is going to reach 30k levels, again we will have accumulation and then, another modest bull run but we will see.
--- All these analysis were made on 1D TF things are going to happen within days or weeks. I'll always be amazed about harmonics and its accuracy, I hope you enjoyed this huge UPDATE, read it carefully, check the references and my previous charts and posts
Trade safe
"patience is a virtue"
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