BTC-TRADE
Time to take a dip in the OCEANOCEAN has been trading within this shallow ascending parallel channel since Oct 2021. With BTC's recent drop, it has begun to trade below its 200 day EMA but there is an opportunity to buy for a short-term ~15% gain or long-term ~45% gain.
We can see that OCEAN could bounce from the bottom of the channel but it is worth waiting for an initial green candle (or signs that BTC has finished its correction) from the ascending support before opening a trade as currently, we are in free fall. Of course, the idea is cancelled if there is a candle close below the ascending line.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
BTC Long And Short Trading Plan for JanuarySharing with you all my trading plan for this month and the swing trades I am looking to take here / What I am expecting to see in the market.
Currently and not entered into any trades BTC is far too volatile. Hope for some of you this may help, We have spent an extended amount of time pushing to the down side so I am expecting us to get this as sort of a relief bounce that turns into a Swing Failure Pattern for BTC before we continue our move down into the $30,000 range eventually Winding up at the low $20,000 Level.
pdex updatepdex is still consolidating had a couple good moves to upside but came back down. we have good momentum and trigger wave on the daily chart. i expect a good break and potential $30+ in the next week or 2. as long as btc doesn't completely dump. patience will pay off with this project.
btc still holdingbtc continues to hold support around $40500 hopefully we start seeing some volume come in. that support wont last forever if we keep touching it more. i want to see atleast the trend line break with some decent volume and retest that 45k this week. would give us some hope. any daily closes below 38k area won't be good at all. btc is hanging in there.
cake/busdcake is getting a bullish divergence on the daily tf. the green line on rsi indicates bullish divergence. we may get a little dump but the future with cake looks good fundamentally and technically.
Bitcoin Bull Flag Pattern Outbreak 1H TimeframeBitcoin Bull Flag Pattern Outbreak 1H Timeframe that could break to the upside and if the measured move is hit it would get up to the local high before the 19% correction. Would be interesting to see what will happen in the coming days, what do you think of this idea?
ETH NEXT MOVE? (ON ITS WAY TO NEW ATH?)Ethereum is playing steady right now trying to break resistance, I believe it will fail this time and retest breaking through the second time and be successful with it. I have analyzed the graph and drew a path to where I think this will be going in the coming days.
BTC in symetric triangle now?Sometimes is the best thing to zoom out, delete all drawings and start fresh. And it looks like BTC finally revealing his move... The big symmetric triangle started 11 days ago... You can see it clearly now in 4hr chart... The measured target is approx 54k if break up and 42.7k if going down. RSI is in the middle, SRSI and MACD look like we should go up... We just can wait and see...
Bitcoin - Wyckoff Events and Phases - Accumulation SchematicBitcoin - Wyckoff Events and Phases - Accumulation Schematic
This Wyckoff accumulation pattern seems to be playing out nicely.
More information on this Wyckoff and this pattern here:
school.stockcharts.com
Let me know what you think of this pattern and if you tink it will play out. 👍
BTC SHORT INTO LONG I will be taking a short based off of the end of the impulse wave onto the fib expansion 2. If this occurs at 8am tomorrow I will have certainty this is a 5-0 harmonic and will short with confidence. I will play this to the 0.5 Retracement and then enter a long-the Retracement could hit 382 or 618 Retracement and still be a valid for a wave 2: a wave 3 impulse next
XVG double Cross in Weekly - Big TrendAs you can see, there is a double overlap of the MA-7-25-99 in the time frame next week. This is a sure permanent trend announcement.
1st target: 174
2nd target: 336
3rd target: 821
From the historical point of view even more... ; )