BTC USD BITCOIN SYMMETRICAL TRIANGLE UPSIDE BREAK TARGET $32KFOLLOW, LIKE, AND COMMENT IF YOU APPRECIATE THIS CONTENT. THANK YOU
BITCOIN is in a symmetrical triangle pattern and is testing the upper resistance of the triangle. A lot of times these formations are continuation patterns which would mean more downside. Sometimes though these break to the upside and I think that is what is happening here. The MACD, RSI and Accumulation/Distribution indicators on the daily time frame and leaning bullish so a break to the upside is probable. The measured move of the breakout will be $26.5k to $27k, however I think we will blast through that and go all the way to about $32k where we have some good resistance. If we break past $32.5k and close at least a 4 hour above it then a move to $40k is likely and then we will revisit. This is not financial advice, this is just my opinion. Thank you
Bitcoin-usd
BITCOIN BEARS GET YOUR HEAD OUT OF THE SAND! ITS NOT COMPLICATEDLIKE, FOLLOW, AND COMMENT BELOW IF YOU APPRECIATE THIS CONTENT. THANK YOU
I see so many different charts and opinions, but the one simple chart no one is looking at is the one above! How much more simple can it be? Bitcoin has bottomed out, and its about ready to shatter its previous all time high in a move so swift and so violent that it will absolutely leave everyone behind! But Bitgolder $1 million is not possible blah blah. Did you think $65K was possible at the bottom around $3k during the covid meltdown? No you were all calling for lower than that saying we're heading to sub $1k, sub $500, bitcoin is dead now, never recover blah blah. The same crap comes out every time we have hit the bottom and this is the time I wait for to load up on all the projects that I was scoping out from the top to this bottom! Bears will always be bears, and will always over complicate things to fit their narrative. The trend is your friend until the end of the trend! The trend is and has been up since Bitcoin's inception. THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINION.
Questions to ask yourself before entering a tradeThere is a set of questions to ask yourself before opening a transaction and we will talk about some of the common ones.
1) Are my entry criteria met?
Undoubtedly, everyone has his own style of trading. Entry and exit strategies should be included in each and every trading plan there is. Only if the entry criterium is met, should we enter a position on any security. No FOMO, if our entry criteria have not been met, we sit on our hands and patiently wait.
2) Am I being risk tolerant?
Am I risking my usual 1-2% per position or I am too confident in this setup and would rather go all in? If you see yourself risking more than you usually do on a single trade, pause for a minute and thoroughly reflect. Yes, you can have some winners while risking a big portion of your total capital on a position, but does that not make you a gambler? Always remember that it is a marathon and not a sprint .
3) Have I set a Stop Loss?
Many people will say that it is not mandatory to set an SL if you are a position trader. Let me tell you this: a trade without a Stop Loss is like jumping off a cliff without a parachute. No matter how confident you are in your analytical skills, you can never be 100% sure that a trade will play out thoroughly according to your technical setup. Use a Stop Loss and carry on!
While there are many more questions that you may ask yourself before executing a position, we have addressed some popular ones. Of course, it solely depends on your trading plan, but the aforementioned questions can be implemented in every strategy.
$DXY gap fill? 👁🗨*This is not financial advice, so trade at your own risks*
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*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
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BTC BITCOIN USD : SPX S&P500 vs BTC BITCOIN FRACTAL FIB RETRACEBTC BITCOIN vs SPX S&P 500 I have highlighted a fractal that I highlighted before. I did a FIB retrace on this and the FIBS tell the story. I believe that we have hit the bottom, and we are going to take off. The charts speaks for itself. This is not financial advice this is just my opinion. If you enjoy this content then follow me for more analysis and updates. If you have a chart you would like me to look at then leave a comment below. Thank you and good luck my friends.
BTC BITCOIN USD : WHEN IN DOUBT, ZOOM OUT, WAVE 5 MACRO BREAKOUTBTC on the six month chart is showing that we just completed the correction of wave three. Wave three never corrects lower than wave one. It rarely even touches it. The 5th impulse wave is going to leave many behind. This is not trading or financial advice this is just my opinion. Follow me for more updates and analysis. Thank you.
BTC USD NETFLIX EXPANDED FLAT FRACTAL, BTC TARGET $200K+BTC BITCOIN USD I have been looking for fractals throughout the various markets and I have found another one that is really good. This is Netflix where I found the fractal showing the same expanded flat correction as Bitcoin just on a different time scale. The MACD is also very similar as well. I believe the BTC was just in a breather phase over this past year and is now ready to complete the other 50% of its bull run. Sometimes climbing a mountain you need a break if its too steep at the halfway point. If its a nice slow steady incline then a break usually isnt needed. This is not financial advice this is just my opinion. Follow me for more updates and analysis and leave me a like and comment if you find this content useful. Thank you and good luck.
BTC BITCOIN USD : NETFLIX FRACTAL EXPANDED FLAT $200K+ COMINGBTC BITCOIN USD I have been looking for fractals throughout the various markets and I have found another one that is really good. This is Netflix where I found the fractal showing the same expanded flat correction as Bitcoin just on a different time scale. The MACD is also very similar as well. I believe the BTC was just in a breather phase over this past year and is now ready to complete the other 50% of its bull run. Sometimes climbing a mountain you need a break if its too steep at the halfway point. If its a nice slow steady incline then a break usually isnt needed. This is not financial advice this is just my opinion. Follow me for more updates and analysis and leave me a like and comment if you find this content useful. Thank you and good luck.
BTC BITCOIN USD : EXPANDED FLAT CORRECTION OVER, TARGET $200K+BTC BITCOIN USD I did another fractal chart. I found a fractal from October 2017 that is almost identical to the current fractal except for its type of flat correction, either way they are both flat corrections. Flat corrections in an uptrend (this fractal is on the macro scale so we are in an uptrend) usually result in a violent fast move up after the correction is over. I believe the correction is over on this flat because we have bottomed out on a major support line. If we didn't have this major support around $30k then we probably would drop to about $20k to find the bottom of the correction but $30k is super strong support and has been since January 2021. It was tested again in June 2021 and now tested once more, holding quite well. If we were going to break it then we would have by now. No sellers left, retail bears dumped their bags hoping for a bottom in the lower $20k range which will not happen. Retail dumped their bags on institutional investors who bought it all up. Institutional money cant just go in and buy up everything available on exchanges and over the counter because then the price would be astronomical and it would get there in a week if they did that, then no one would sell and they wont get very much. They have to play with the market in ways to break down retail investors and newcomers so retail/newcomers buy Big Moneys bags at the top and then sell their bags back to Big Money at the bottom. Big Money makes their money in the market by slowly draining the little guy and getting rich off it. This happens in every market, that's why not everyone can get wealthy off the market because in order for someone to make money someone else has to lose money. So, in my mind, when retail is scared and not buying, then large market movers need to give them a reason to buy so the price is pumped and then retail gets in and the whole thing goes around again. Big money does the opposite of retail. When retail is bearish then big money gets bullish because bearish retail doesn't make them money. When retail is bullish and euphoric thats the best time for big money to unload when there is still hype and liquidity. Either way this market is about to explode in a way like you've never seen before. MACD and RSI are both curling up from some pretty low levels. Just think, there are more millionaires in the world than the amount of bitcoin that will ever be. If every millionaire wanted just one Bitcoin they couldn't have it. At this point also most Bitcoin are locked up in major Hedge funds, and big money wallets, and bitcoin that is mined is already spoken for. There is so little bitcoin available to buy right now and every run in bitcoin actually closes the gap smaller and smaller between retail and big money who own bitcoin. Ok I'm done rambling haha. Thank you for reading this far and checking out my charts. This is not financial advice this is just what I am doing and my opinions. Leave me a comment and let me know what you think. Thank you and good luck out there my friends.
BTC BITCOIN USD : FRACTALS! MICROSOFT + BITCOIN! GOING UP!BTC BITCOIN I enjoy finding different fractals in the market and I found one here on the daily for Bitcoin vs Microsoft. People are saying that this is a bear flag and I completely disagree. When everyone is bearish then you should be bullish! Good luck out there. This is not financial advice just my opinion and what I am doing. Thank you
BTC BITCOIN USD : MASSIVE BULL FLAG, MEASURED MOVE TARGET $200KBTC BITCOIN is in a major bull flag on the macro. This is the bottom and we are going to see a serious move to the upside in a short period of time. Dont listen to everyone saying its going to tank, its all crap. Bitcoin always goes against the crowd and if youve been in this space long enough then you should know that. When everyone is bearish Bitcoin ALWAYS does the opposite, and the same for when everyone is bullish Bitcoin takes a shlt. This bullflag is massive and is going to propel BTC to some serious new all time highs. I cant wait to see the faces of everyone calling for a further drop lol its priceless watching backtrack. Also Bull Flag patterns are one of the most reliable patterns in trading. This is not financial advice this is just my opinion and what I am doing. If you like this content then leave me a like and follow for more updates and analysis. Thank you
Daily Timeframe Bitcoin Triangle PatternDaily Timeframe Bitcoin Triangle Pattern - Potential chart that can be playing out in the next few weeks. This is typically a bullish pattern so can be expecting a break to the upside. Worse case for the bulls we drop down to low 20K levels. Think it's time to sit on your hands and wait for a clear break out of this range we dropped back into of the past 2+ weeks. Let me know what you guys think. Take care!
BTCUSDT Potential for bullish momentum | 17th May 2022On the H4, with the MACD showing a bullish momentum, we have a bullish bias that price will rise to our take profit at 31334.20 in line with the horizontal swing high resistance and 78.6% Fibonacci projection from our buy entry at 29554.29 in line with the horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci projection . Alternatively, price may break entry structure and head for stop loss at 28759.95 where the horizontal swing low support is.
BTCUSD WeeklyBitcoin has reached the golden zone, where we currently are seeing buyers jump back in here after the liquidity grab for the lower wick rejection. If this weekly candlestick closes above this key region, we could very much see a rebound with bitcoin & the overall crypto currency market as well. Definitely an area to keep a close eye on price for a bullish reversal as institutions made a sharp move down & a lot of panic selling has occurred. This was my region of interest for some month to look for buying positions lets see how price action develops in this region !
USDJPY ENTERING BEAR MARKET - SELL OFF FROM $130I've been monitoring this pair and DXY for a few weeks now and have been waiting for a potential sell-off to occur, and I believe the time has come where UJ is transitioning from a VERY overextended bull market to now a huge bear market. Many pullbacks that occur now are discounted short opportunities. DXY is also at a critical resistance at $104 and is also overextended. After NFP and CPI with also the Biden speech, I have noticed volatility but the price always seems to pull back down, and it's mainly the sellers, preparing to sell off the pair, as JPY gains momentum aswell. Currently in a short from 130.4. First TP: 129, however, I will be holding/scaling as it can potentially reach 125 and eventually 120 within the year as dollar circumstances transition.