BTC looks like a possible Ascending triangle, or a head and shoulders. I personally think ascending triangle will be the play but that's me DYOR, I think the bottom is pretty much in for now maybe test the low-mid 40ks again maybe 39k. we are sitting on the golden pocket as well some bullish divergence on the weekly and possibly the monthly for now. 58k then id...
Shared with the fam last night and caught the pivot at 42605. Looking for it to get to at least the algo first target and the Pitch fork median line. If it pops higher than that, fantastic! BUT there are some structural resistances over head its going to have to blast through so watching those areas!
Bitcoin might be completing a head and shoulders formation or perhaps it's actually a fake out. We have had reasonable correlation lately with the DJI and if you pull up minute charts you can witness this. At this point, you would think that we are due for bounce but will it be a dead cat? NFA , DYOR
I think we might be looking at a Wykoff Accumulation on the daily which would be incredibly bullish. $56k is my new target. NFA, DYOR
I intended to post this sooner and I apologize. We still have BTC chasing the upper part of the channel before making a more major decision. If we can get up to the green area and hold, there's a very good chance for continuation. If we don't get up past the red line, this is short to medium term bearish for me. NFA, DYOR
Assuming we can bounce here off the 200ma on daily, a nice little scalp or day trade could be the play here. I am personally playing this as a potential bounce to $52k , maybe higher. NFA , DYOR .
This week's wave cycle of the bigger Gartley pattern
Looking pretty dang good for this. Here are a few paths im keeping an eye on.
I think the suspected Wykoff Accumulation (ignoring wicks) has followed up with a spring and is ready to launch. As always, there's a chance of being wrong and the downside is significant once below $58k. I have target around $64-65k for myself if this plays out as predicted, however, higher is down right possible, talking to YOU Jim Crammer ;) . I have a small...
I got a few good calls on BTC in the last months, so i’m going to give you one more. Clear skies ahead imho. We should get to ATH in the next 2/3 weeks in the worst case. We could get a pullback before ATH, but that should be the last one. The 59k level seems the most likely scenario, but even the upper trend line from the previous uptrend channel (aqua green...
BTC seems to be hanging out in a megaphone right around the high volume node. $58k can still be bullish even if we just retest briefly, as long as we hold that level. Below $58k could get messy. Just an observation, not financial advice. DYOR Cheers!
Before getting too shook, keep an eye on this chart and give it a follow. It will be a decent "Neutral" reference. Watch the channel if scalping and watch for a break of it here sooner than later ;) Not financial advice.
If we can break up here , hold a bit and maybe consolidate above $58k that would be great. If we can gain volume a bit I think this can happen. If by chance we get up to $59k I would hope for another consolidation at which point we can all board the shuttle. (NFA DYOR) Blessings and Good Luck!
good morning, after taking a deeper look into the whole crypto eco-system i realized that a lot of the alts are ready to make a pretty nice run from here. personally, i've picked up some sol, aave, and icp today. good possibility that btc is about to complete a larger wave 4 correction via an abcde, and should begin that fifth wave to 59~60k into wave (1) on a...
Sorry, beras, but you can do nothing about that. New high before 2022
Excuse my Rainman-esque markups but I believe we're about to begin the downside of the overall Wyckoff distribution. Share your thoughts in the comments or drop a like if my chart annoys you and I'll have customer care get back with you.
bitcorn, i think will pull back soon. probably next week for a more serious move probably just start building a position rn. There's strong shorting volume with decreased buying volume today. divergence, at a solid resistance zone, macd already crossed, accumlation is at a high. solid trade if you feel like taking it, target 100 and 200 daily MA, although DCA out and in.
I think this IHS pattern has a reasonable chance of playing out. I have a target of $48k to $49k, but this is not financial advice.