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CPR

BTC price is preparing for the big move!Hello, dear subscribers! Today we are going to talk about the warning sign which the market gave to us. The Bitcoin price is going to form the big descending triangle. We can identify clearly three points at the upper and lower bands. Now the price is next to the lower band level. If the price is able to bounce off it we can see the upward move to the upper band. Here are two significant reasons that it will be very difficult to continue the growth in the short run. First of all is the R1 pivot level rejection of $33000. This level was a very significant support level and now it is resistance. The second case is that the price always bounced off the 150 EMA line on the 4 hours timeframe during the last 4 months bullish rally, but now it is below this line and was rejected twice. Also we can see that the volume have been decreasing during the triangle's formation and now it is really low. It is the sign that the big price move for the Bitcoin is upcoming. The negative scenario is the possible testing of the CPR level of $25000. Please be very careful! DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
by Skyrexio
8
bitcoin. 25k? 20.5k? 1,2,3 day peakFirst chart. yearly pivot levels (untested central) last 7 years got tested in Q1 Oscillation of multiple kinds. Candle counts. _ yeah looks like it could happen second chart. Volume. Flow. On balance. Divergence. Spread theory on currently positions. Profiles. - also looks possible. third chart. EMA and moving averages. - looks like they are turning down to me. Overall. I see zero reason to fomo into anything with the current charts and activity in these timeframes performing like this. Good luck if you want to though. I will wait for momentum or better prices
Short
by Gunslinger2005
2
BTC bitcoin. Help for hodlers moonboys & doomboysIts called a range. If you wanna trade a breakout move you have to wait it out or find a way to profit off a range. These are camarilla pivots. your range is clearly show and your targets. How to use this info? If you want to long or short a range reversal at H/L3 target the 3 on other side and beyond. stoploss at the H/L4 just above or below your entry on rejection or loss of the 3. If you wanna play a range break with a confirmation. wait for H/L4 to be broke on preferably a 3hour or more unless volume is nice. target is H/L 5-6 with your stoploss at the H/L3 on the side you took your trade in. Good luck. Nothing confirmed until this step first taken. Enjoy.
by Gunslinger2005
1
Btc may just sideways and dump with very little upsideso here is the thing. we are right at where our weekly pivot point it coming it. its possible btc plays out down or up before thie daily/weekly close then either way reverts back to that purple line. I think corretions is just some time away. if you wanted to long try to do it on developing camarilla L3 for daily or weekly around close. If you want short do the same for H3. I do not see a lot good risk reward selling at these current prices. I will say be patient. dont front run anything here. most alts even still hve lower to got to meet their new weekly pivots. and btc going either direction now (unless huge direction) will be only a waste of time.
by Gunslinger2005