BTC topping out?Hello Birdies,
Whether you like it or not but BTC is topped out.
The chart is simple
- long after bullish engulfing on any green point.
- short after bearish engulfing on any red point.
The bigger the price tag the more chances of being on that side....
I am speculating one more leg up which is confirmed by Stoch RSI being crossover.
Blackbirdtrading
BTC time for a new analysisHello Birdies,
Hope you are all well. Lets find a new perspective in BTC today.
Legends
Power of 3 - Blue, Red and Green rectangle
Channel boundaries - Orange channels
Supply Zone - Red box
Fib
Analysis
So far we have seen that PO3 made it to the upper boundary of channel formed during the pattern
If we go down to 23.6 fib level for the liquidity than I am safe to assume it will open haven gates for $34k - $38k levels
But if it goes for $31.5k - $32k levels than it will behave as a bull-trap and we will go dow to $23.5k levels and further down will getting higher probability.
Final Verdict
- Look for the $28k if we go there first long it blindly for $34k+++
- And if we goto $32k first go blindly for $24.6k------
BTCUSD MACD bullish crossHello Birdies,
This idea is presented by a youtuber. I am pushing it to let the TV audience know it too.
Whenever we feel there is a bullrun and market is bottomed and macd on weekly is presenting a bullish crossover market dumps around 57%-77%.
And we are also preaching same market is still bearish and BTC will goto 9k here we present another historical proof.
Hold your USDT dont rush.
BTC monthly Head and ShoulderHello Birdies,
I know many people not gonna like this. But I cant resist to post this idea.
No matter what you say the head and shoulder is bright as sun. If this got validated GOD!!
The demand zones are marked by monthly and weekly.
The strongest demand zone is at 9k-10k. If it fails I dont think weekly zone gonna hold.
It will fall to next Monthly Zone.
I dont know fundamental and by design I am only telling what chart is saying.
BTC develop 3 month bearish divergence Hello Birdies,
Long time no see busy in daily life. Hope you guys are printing money.
BTC has developed a 3 month bearish RSI divergence and Price Action is also not looking good.
If the lower RSI boundary break we will see a very sharp crash IMO to somewhere 21k to 21.8k
BTC we are not in bull market.Hello Birdies,
You heard it right! we are not in bull market it is just a relief rally and nothing else.
Finally, BTC is making 3 drive patterns with bearish divergence on every drive.
One final drive is left the high top is 24,387 but that is too obvious right. Wait for a fakeout around 25,200 - 25,250 is a good idea.
Trace it and Trace smart guys!
BTC PO3 loading upHello Birdies,
We are here again with another crazy idea which is called Power of 3.
This is a process that smart money is using to build their position and its liquidity. It is more difficult for smart money to build positions in comparison to retail traders.
So If we manage to get support on Manipulation box It can runs for visible highs where to short depends on the Price Action as we say Trade what you see.
BTC ready for is a TrapHello Birdies,
EPIC SHORT ALIGNING!!!
A exciting week this was. But stay cautious this is a bull trap in progress.
As you all know we trade what we see RIGHT!
So here is what we are seeing on our weekly chart.
The falling wedge going to work as a bull trap.
There is a huge trendline which was broke down and converted into resistance
The trendline starts in Jan 2021
Converted to resistance in Jun 2022
Retested as resistance in Aug 2022
Its going to test it again somewhere in Feb 2023
Work as a trap and boom
Don't beat the line after snake is gone. Trade what you see
Crypto as a MarketHello Birdies,
After a long time I did some fractal analysis and this time its between dotCom bubble and Crypto Market.
The fractals are pretty clear and yesterday we post Crypto MCap idea which also pointing towards 957B-997B area. Which is exactly where we are standing in fractals right now.
I am just waiting for the drawdown to buy BTC and enjoy the last bull ride before SUPER CRASH