Bitcoin and CPI day-Crash down imminentIn this video I talked about BTC on CPI day , technical analysis + price action and trend line
at the end we take a look at spx and dxy
BTC/3H we are at right shoulder doing the same pattern we did from left shoulder , **RISING WEDGE** , and these wedges usually endup with a wick to the opposite side it wants to go as a jebait which will be to the upside ~22800.
`We could go down to 19.5 today or even worse ~18.4 to crush all the bulls`
Thanks for watching
Btctrend
#Bitcoin - Thoughts out loud #5Good afternoon , dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
At the moment, the downtrend is slowly fading and the asset is starting to show strength. Confirmation of the buyer's presence is needed to make a definite decision. Local longs are possible.
What are your thoughts before the weekend?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win , sometimes you learn ".
BTC - PSYCHOLOGY PHASES OF THE MARKET + WYCKOFF METHOD PHASES
- BTC in key support zone
- Psychologically in the Anger area, possible new pump to look for the 25k , and then keep falling. If it loses the current support it could start a downtrend.
- According to Wyckoff's theory, we are in phase B where the price can still fall, breaking the following supports to look for even lower minimum prices of 15,000
I will follow the development of this graph weekly
BTC Wave Analysis + Trade SetupI think that wave A of (A B C) is complete and we are currently in wave B.
Warning: Wave B itself consists of 3 waves, the third wave being the longest wave.
After reaching the specified target, I strongly warn the owners of altcoins that the risk of most altcoins becoming zero is very high. (No matter how valuable gold is, if it is bought at a bad time and at a bad price, it is no different from a piece of garbage.)
Be successful and profitable
BTC/USDTHead And Shoulders Chart Pattern
The Head and Shoulders pattern is very easy to spot and can be a caution for traders especially when the pattern occurs at the top end of a rally or its bearish counterpart, the inverse head, and shoulders that occurs at the trough of a downtrend.
In the chart above, you can see the basic structure and the setup of the head and shoulders pattern (bullish and bearish). The neckline support (or resistance) is the key as a breakout from this level indicates a shift in the trend.
The most basic way to trade the head and shoulders pattern is to wait for the breakout from the neckline. Some traders prefer to wait for a retest back to the neckline while others simply buy or sell on the breakout. The target is set to a measured move, measured from the head (high or low) to the neckline (support or resistance) and projected from there on.
BTC/USDTRectangle Pattern Up Trend
The price is constrained by support and resistance levels in the Rectangle pattern. This means observing the pattern on a chart, and traders need to look for a price between the two horizontal lines.
The Rectangle marks several highs and lows. These highs and lows indicate a period of consolidation. Also, there is indecision in the market where buyers and sellers are competing with one another.
To identify the pattern, traders need to navigate it on either an uptrend or a downtrend. The price would then form several peaks and troughs. Finally, the breakout candle would confirm the direction of the trend.
L9 - BTC Trend Analysis (Cycle/Halving)This chart is the study of previous cycles of BTC;
• BTC take appx 47-48 months to create new ATH from the previous one.
o As per the projections next ATH will be created in the Months of Sep-Nov 2025.
• BTC takes 12-13 months to create the bottom of the cycle from ATH of the cycle.
o As per the projections, BTC will create bottom in the months of Dec’ 22 – Jan’ 23.
• BTC normally drops between 84%-86% after creating ATH in next 12-13 months.
o At 85% BTC bottom for the cycle is projected at $10,000
Bitcoin towards crucial trend line. Sharing some thoughts of what I see.
Bitcoin might be moving towards lower levels and create a bullish divergence on 3D.
MACD looks like it might need another support before breaching out. (Proof of investors coming back to accumulate).
Bitcoin dominance are at levels of 2018, when price started to hit lower lows. Market dominance shows have Bitcoin investors started to acquire again.
Markets are dropping everywhere, stocks as crypto. In a time of energy crisis, experts are Questioning BTC yet again regarding its power usage.
In general bear market view and we are moving sideways at a crucial area.
BTC/USDTDescending Triangle Pattern
The descending triangle is a bearish pattern that is characterized by a descending upper trendline and a flat lower trendline that acts as support.
This pattern indicates that sellers are more aggressive than buyers as the price continues to make lower highs. The pattern completes itself when the price breaks out of the triangle in the direction of the overall trend.
Bitcoin Momentum Whale activity. Future Web 3We see the last execution of the Bear Triangle pattern, from the beginning of the bear market on November 21, 2021.
Starting from May 5, the formation of the second identical pattern began, now we have come to its execution, this explains the instability of prices. Everything points to a fall. The price is not stable, as is the mood in the economy.
The exit from the bear market will be associated with the introduction of a new technology of interaction on the Internet, and is also directly related to the simplification of the interaction of cryptocurrencies - Web3.
On the previous publication on Sunday on TV, the price in the Fibonacci range is 0.618 on the screenshot. For today, the price remained in this support range of 0.618 Fibonacci, there was no breakthrough.
We see by the momentum indicator of active addresses that the trend is increasing. The On-chain transaction volume indicator has noticed a high activity of whales at the mercy - this indicates strong support.
Local Fibonacci Levels:
0.5 = 20270
0.382 = 21221
From these levels, we can see sharp drops or increasing support for payoffs.
I expect the price to continue the upward movement of Bitcoin! The Bitcoin Economic Forum is approaching on October 4-5, the event will be held in Dubai.
Not financial advice, my opinion.