Btcusdtlong
BTC/USDT MID-TERM BTC/USDT
The average check of Americans came out 0.1% lower than expected, which means that even the core inflation is decreasing faster than forecasts.
This means that the Federal Reserve may not raise rates at all at the next meeting (at least, the probability of this event is definitely increasing now).
And if the rates are not raised, then there will be less pressure on liquidity in the financial system, which means there will be more money left for risk assets (like cryptocurrencies).
Bitcoin is once again testing the upper boundary of the sideways range. If there is a successful consolidation above the TP1, a direct path to the targets shown on the screen will open.
Moreover, there is a feeling that in this scenario, these targets will be reached quite quickly , as a very large volume of liquidity has been traded over two weeks in a limited range. \
NB! Retrace from 30k (psychological level) could happen till 25k to liquidate bulls before huge move.
GOLD Breakdown this cup and handle pattern!#GOLD TECHNECAL ANALYSIS
GOLD marked this cup and handle pattern, according to the pattern we can expect 20% bounce,
basic info
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
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BTC Back on Monday March 13th, BTC formed a new trend line where it created a descending triangle off of. Exactly two weeks since, BTC has completed the same structure, and has came down to touch the same trend line. Equal lows were formed both times and the bottom was market after it had a 3rd equal low (sweeping the lows by a hair). The third equal low just happened to be a retest after breaking out of the descending trend line. This area is known as the APEX. These areas hold all of the liquidity and are high probability setups.
BTC, Laught now, Cry laterBTC last correction is ending, next is heading to negative value
As we can see, comparing to oil chart during the covid crash, when in extreme market conditions, too much "dumb money" on same side, sharks take use of that to make big money while all the dumb money bets on the same side.
100k+ calls are a good example of the dumb money here in this market conditions when DXY is preparing a next leg to the upside.
I expect same conditions as it happened on oil during 2020, more the price falls, more longs will be added to the market, market will get irrational and drop as much as it needs to get all longs out, bellow 0 is a good number to get everyone out of longs
A good trade now, a short at any price, SL placed above 30k
And TP bellow 10k
Check previous charts as I predicted euro crash before it happened as well during 2021
BTCUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
2 possible options:
Through consolidation or through a small correction to the 25-26k zone, I am still waiting for the final move up to the 31-33k zone, where I will sell what I bought at 18k
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