Bitcoin to 3-4kThe weekly chart is about to fall thru the cloud. if it does fall thru and stay below we are easily gonna see 3-4k. Maybe even lower as the market has fucked alot of people who dont know TA. Anyways bitcoin is for sure gonna rebound so buy the dip.
Lmk what you think imma start posting these to just kinda document my trading ideas. Take em as you will and lemme know your thoughts.
Btc-short
618 fib hit. next targetThought I had a BLX chart posted but seems to be gone along with my altcoin btc related targets.
Blue box is next short term target. We may go up and re-test the top of the descending triangle, but looks to be support & MA around 5500 level.
how strong is this 5500? we do not know and will see when we get there.
Long target ~8300
short target ~5500
Not financial advise. DYOR.
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Bitcoin 4 hour descending triangle. Target 7850Bitcoin on the 4 hour timeframe is currently postured in a descending triangle. A 4 hour candle close below 8267 and the descending triangle measure move is down to the next liquid zone at 7850.
Currently, price is trading below all major moving averages. Red 10 SMA and yellow 21 EMA sloped down and acting as resistance, adding pressure to the downside.
4 hour stochastic is trending up, but weak and looking for a bearish crossover. Price action has been making lower highs while stochastics have been up, allowing for a bearish reset of the stochastics
4 hour RSI in a descending triangle, below the white RSI EMA. Consolidation on the edge of the RSI bearish control zone, likely to break to the downside. No divergence currently present
If this descending triangle plays out, please note how this will impact the higher timeframes. My higher timeframe analysis is found here:
BTC bounced from support *REPOST*No end to this daily chop, anyway bounce from support but bulls not convincing me.
I am scaling into short positions, adding and splitting my big order in 5 orders, the biggest if btc try to go up.
Premium in short from 10400 area, target below 9k.
Enjoy.
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"Lady GOD"
Pay Attention to BitcoinPay attention to that long pink trend line. If Bitcoin manages to dip below that line (and I believe it will), we will be in for a substantial drop. It may only drop to the light blue line, or it could drop to or near the bold yellow trend curve. Either way, we may see a slight increase in price in the short term up to the top of the triangle (orange line). But we will see a big drop incoming.
BTC Head and Shoulders Head and Shoulders forming on the 1H after bitcoin got stopped at the 10450 level which is the 0.786 fibo taken from 10604 high to 9880 low( range we were downdtrending for the past few days as seen on the chart )
That will bring us back on the upper side of the descending wedge formation we broke out to the upside yesterday - green curved line
Two possible scenarios there, normally those patterns after retesting they bounce up confirming the bull run in which case we will head probably towards the 10800 - green arrow
OR if we dont bounce and fall back in the wedge we are set for a false break out scenario which is bearish and will send the price bellow 10000 - red arrow