C98
Diamond pattern, will the bulls close the weekly above 48k?
Bullish indicators are popping up even though we need to see a good close today,
on my view if we are able to close above 48k it would be awesome.
But we need to stay vigilant for fake outs that might happen and wicks that can be formed to liquidated
more leverage traders (even though that the market is healthier at the moment on that point of view).
Happy new years, and thanks to everyone that supported me this year. I really appreciate all the comments and interactions with my ideas. Hope that everyone was able to make some good profits this year. Despite the dump in the end this was my most profitable year by far. I am awake to close the positions in case the cycle ends at the beginning of this year.
I almost lost hope but I will follow my strategy until the endSometimes is hard to hold when you don´t a defined jump out strategy, some moments are really scary and indicators flip against us really fast.
Not being able to have a defined strategy will always make you take bad decision in the worst moments.
We are not out of the water just yet, but this jump actually shows some really bullish potential, not fast moves, but a good trend can be formed.
1. We found support over the bull cycle trend line and already broke the ascending triangle that was holding us back.
2. We found support over the weekly RSI, just like we did in the past dumps.
3. Dollar index is falling right now, at least in the short term.
4. Whales accumulated big time during that dump.
5. Number of BTC`s in Exchanges are decreasing
This guy is the only thing that makes me still believe in BTCIt´s finally dropping, it waited until the last day of the year to do so.
People are leaving the dollar to go where? The stock market is not looking good, inflation is at it´s max.
The only assets that could benefit from it are Metals and Crypto. Let´s keep an eye on it.
There you go, that´s a good beginning for a reversalNot even close of a confirmed reversal to the upside, but we are definitely testing 49k, and probably the 0.618 retracement from that dump.
After that is hard to say, so I would recommend getting ready to take some profits and rebuy it if we create support over the 0.618
C98USDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price has been able to break its resistance line to the upside and stabilize there turning the resistance line into a support line. We are now ranging inside a resistance zone. If the price is able to break it, it will see our targets. But it is also possible for the price to make a pullback to its support line and then continue going back up.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
we need gas to break the 21 weeklyBTC needs to create a heathier move to break the 21 weekly, retracing to 0.618 would be great for that push, stay calm guys.
If you were holding all this time, try to understand that going straight up is not gonna happen.
Also, the financial markets just had an ATH today, chill out, the markets are ok for now.
And we broke the channel, lot´s of short will get liquidatedEven though this looked like a bull trap, on chain data shows otherwise, and since TA usually works the probability of goin over the 21 weekly is very high right now.
Also like I sad before, if we close the weekly above 49k is awesome, if we close above the 21 weekly is crazy bullish, we still have 2 hours for the close.
weekly close today is extremely importantBTC is very unpredictable right now, looks like it is copying the last Wyckoff dump move in a smaller scale, and if that turns out to be true we could revisit 42k.
But, if we manage to close the weekly above 49k it could still rally to 54k to decide what is going to happen.
Also, the stock market today will have a huge influence on BTC`s price.
C98USDT Daily TA : 12.23.21 : $C98As we can see, the price is in an important range and recommended to keep an eye on it ... 😉
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 23.DEC.2021
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
C98 / USDTFirst, this is only a fantasy, it will probably not happen but I just draw the things I want to see if I am going to be exposed to a position. At the moment, we have nothing but a downfall. Unless the downside momentum slows down, this scenario will not be valid and we will be back at much lower prices.
In case a price action like this happens, watch you momentum indicators, RSI MACD STOCH KAIRI whatever you are into, and check for divergences and check for the reversal patterns. Reversals love divergence!!
If this price action does happen though, count me in :)
Peace..
C98, wait for breakout or false breakout this range!C98 is in a trading range. As long as the price is in this range, we should expect a good entry point. In this case, it is a breakout or false breakout of the trading range.
In the case of a contraction and breakout of the upper boundary, a good buying opportunity may arise. A false breakout is a sell.
Pay attention to the key level, there are many stop losses hidden behind it. A big player can collect this liquidity and then head up afterward.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
C98 - Harmonic NStar Bearish Potential C98 has the potential to go up strongly when it hit Fibonacci 1.414 which is at 1.9$. That interesting point can create a chain to form a Harmonic NStar pattern. That means C98 may raise to 7$.
Instruction and Disclaimer:
1. Should wait for the next few days. If the price closes above 2.62$, it will make a good signal to buy-in.
2. Can wait until C98 in chart 4H create a divergence signal to open a Long position.
3. Harmonic bearish pattern is a pattern that provides a selling zone. So, in this case, it only has a 30-40% chance to go like the above expectation.
For Educational Purpose ''Not a Fınancıal Advise''Dear traders,
The presented graph shows data about changing C98's prices. We may expect fake fall at the sweet spot but keep an eye on that if a decrease is getting deeper, that chart may be invalid.so be careful.As I show in the chart, the first option could be cross-channel consolidation then the TP1. The second option is that if we might have a huge volume and cross the triangle, we may find ourselves at TP2 directly.
Level: 3.909
Level: 4.846
Level: 6.096
Level: 8.372
If there is a sudden decrease, we can buy from these points.
Level: 2.879
Level: 2.685
Level: 2.408
GOOD LUCK.
C98__The simplest strategy
Is the best strategy
Do not get involved in useless things and indicators ...
Indicators help ... but you rarely get it right ... what they say is nothing more than a lie ...
Charts and candlesticks have the best words for you.
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