I believe there will be a small pull back "trap" to the baseline of the first flag around 21k. This will cause the unexperienced trader to think the rising wedge has been broken. The impulse wave following afterward towards 30k will be strong and many shorts will be liquidated. What happens next? 10k or 42k... we shall wait and see! Not trading advice, Just...
Opinion: Despite main stream media yearly inflation print FUD. A glass half full approach would yield a closer look into the CPI MoM. This is the first time it has come lower than the previous period in 2022. It signals a roll-over or at least a retracement and negative effect on the positive slope of core inflation . This is not an absolutely bullish /must buy...
You're not too late to short that scammy golden coin they call bitcoin! Synopsis: Price is currently lurking around 21.6-21.8k at the time of writing. So the idea is that those levels are our entry and our TP target is all the way down to 9k. This is going to be a long trade probably but if it ever reaches our target, then i'll just pop a bottle of champagne...
Hi frend, after BTC faked some nervous moves lately days, it might go up soon I am think. Because we know DOGE loves to move in april, it might all do some boring big rounded bottom flag thru the march I think too. This would also bamboozle the deadcat believing bears + impatient bulls but also flag a up 4realz. Bye
I plan to do a more comprehensive writeup on each cycle but one thing is clear- on higher timeframes Bitcoin is posting a distinct pattern this cycle, and a complete deviation from historical norms. In fact, you might reasonably suggest that based on the pattern alone, this is a bullish trajectory. That said, obviously we have layers of complexity here,...
higher low on the 1HR with star pattern, waiting for higher low on the 15m to enter with candlestick pattern. 20 pip stoploss for 120 pip take profit
Hey fren it looks like DOGEBTC goes back on trend track this year by this rly. Right now maybe is bottom & around March/April should be trying a nice + obvious starting for sure if so. Hope it helps a little and u are ready when rly is happening bye. #doggonacci
Is it the bottom ? Who knows mainly because of uncertainty regarding the fed with the rate hikes. I still think bitcoin and others will perform well against a collapse of fiat , because of adoption of masses especially when institutions and other players are loaded up. Regardless bitty is here to stay regardless of price. The 4th Industrial revolution is upon...
BITSTAMP:BTCUSD Double top spotted on bitcoin, I think it's going to be headed to test 35k to 28k zone very quickly over the next couple of months. That's where the 100 day EMA, 38.2% fib retracement along with the neckline of the double top is located.
Just a scalp here on 5 and 15 min time frames for a day trade.
Updated Charts: First half December sell offs are normal, historical charts and data shows its a norm as many institutions and whales sell off for taxation reasons. As posted in my earlier charts of bitcoin, we need to move above 53k to 54k to get out of the woods so we are back in the bullish channel as shown in my chart. The kind of volatility we see now just...
price is in a downtrend and has a respective trendline possible lower high on the hour could trigger sellers, trading is all about risk management
I had to update the head to a bit lower cause of this fall adjustment. but its fitting perfectly as per the pull back which is within this BULL channel. We are still in Bullish Channel.
#BTC may test 57k downside before making that move towards 82k. Have posted a projection feed on the possible play out on the upside which may well take bitty up towards 82k.
#Bitcoin upside Target is 83k. #Before upside we may retract below 59k to slaughter all 100x-50x-20x high leverage players to make a parabolic move and blast past 83k
My mid-macro Elliott Wave game deserves a little more work, I must admit. Better yet, maybe it'd be better to focus on more 'macro' sized moves rather than the more short termed waves. Either way, there's still profits be made! I suspected $65K would be the catalyst for a drop to $55K BEFORE we'd see $75,000 however, that turned out to be wrong. Mid-macro target...
Tho bitty is still in an uptrend, I expect a wave C of this corrective wave to either retest the 42.5-43k support or to drop further down to 40.5k (0.786 fib of the previous wave). From there we could expect a return to the uptrend when the mfi be in the oversold region for long enough. I would place a short order at 49k (0.618 of wave A) and 50.5k (0.786 of wave...
I feel we are back into a critical point with bitcoin right now, this whole rally back up to 52k never felt strong and was more of a suckers rally imo. this latest liquidation move has upset the field a little and pushed some people into the realm of uncertainty. I feel we need to get past the key fib levels on this retracement to regain strength other wise its...