Do we have to prepare ourselves to press the buy button?We can never be sure of what will happen in the end
but the situation right now is critical.
Bitcoin's fate will be decided over the next three days.
the worst case to next three days: 25.5K
Conditions :
Prices must cross the yellow line (three-hour time frame). Furthermore, the price with high momentum must rise to 32.3 and stabilize above this level for at least 8 hours.
Buying this way is low-risk and mid-term. There will certainly be opportunities to trade low timeframes along this path.
but I think the main uptrend will not start until Sep 5th (see related ideas)
Criticalpoint
Gold in Critical PointWhile the world is on the edge of crisis, there are some reasons which I personally think the gold will rise to a higher price, and maybe a touch to 2000$. Reasons are listed below:
+ Negotiations between I.R.Iran and 5+1 seemed no progress the previous week
+ The decline in Cryptocurrencies charts
+ The problems between Russia and Ukraine(USA)
+ and Arabian Counties are buying more weapons and running maneuver with Israel.
And as it is shown in the chart, Gold Ounce / USD is a critical point. It may fall to lower prices, however, due to mentioned reasons, I think it will rise and it is a good point to open Long Positions.
Wish i have an eye on youImo the upcoming months till the EOY will be the most critical in Wish history as a stock.
Key points
1. 12 months from IPO date (meaning towards EOY) we have a new lock up period for earlier stage investors, do you think they want to sell at 7s even if the company is sinking i think there must be a play first with so much retail eye on it as well.
2. Are all the bad news baked in the price? and was 6s a big bear trap? around end of September i think we will know.
3. Awaiting some major app changes/ business model changes / new CFO
4. Retail is still buying and holding as i read all over the internet, that's a (-) in the short term price action no matter the technicals and fundamentals.
Major scenarios in my mind
1. Wish is sinking and this will become a zombie company and we all felt in the trap, no hard feelings can happen to anyone, take your losses & lessons and keep walking.
2. They are about to sell it to one of the big guys for at least the IPO price imo
3. They are about to turn the ship around
Now if the case is 1. and taking into consideration that WSB retail has an average price between $8-12 then probably you are sitting on at least a -50% decline ( PAIN )
If the case is 2. then the potential upside is 3-4x
If the case is 3. the potential upside is at least the ATH meaning 4-5x
What are the probabilities in favor on 1 vs 1&2? Do your DD and decide...
*This is not an advice to buy or sell, just random thoughts from a person who started buying wish at 8s before WSB mania and Zack Morris pump.
fkli has come to a decision point finally fkli has come to a decision point/critical point, where it will break higher to retest 1620...or move back lower to 1560 support level...
this is the resistance level of 1587-1594 which it has retested multiple times in the past...
so watch out for breakout...! IF break higher, long...IF breaks lower, short...
current resistance : 1587-1595...
support : 1560
critical support : 1480 - 1500
this is juz my trading journal and idea, trade at your own risk...
gud luck and gud trading, pliz like and share....if you like my ideas, plz follow to get updates...
BITCOIN | First critical level to break on the way upWhen daytrading we sometimes tend to forget to look at the bigger overview.
You see the significance of the level we are attacking right now...?
If we break this then we break the downsloping triangle were in for 7 months.
This could be a major step on the way op if we can find support there.
So let's try to test the 7138 level today, massive resistance there.
But a lot will depend on how the S&P 500 will react today. Earlier this week we saw that Bitcoin is tight related to it.
Yesterday we saw Bitcoin could slowly start going his own way again, but good to watch the price action around 13:30 UTC when the NYSE opens.
BND Trendline Warns of Future DownsideBND bounced off a critical support corresponding to November 29th, 2007, the day that yields spiked after BND dropped and miraculously regained 7.5%. We see a downward trend forming in BND indicating a tendency toward rising rates while debts and deficits continue to set record highs. If the FED is not willing to significantly debase the dollar through record levels of monetary injection, the bond market will continue to drop. We are in the danger zone here, watching the bond market is crucial to timing the coming drop.
I do not suggest going short until the following conditions are met:
1. Bond market drops considerably over any time frame (testing that critical level of pre-2008 crash or extreme velocity).
2. Stock market begins to face reality - depends on the velocity of rising rates (faster = sooner).
*UPdate: much accumulation in BTC (CRITICAL) pt. IIDid a mistake in my last idea by scaling shorts/longs in screen mode, now scaled to right axis so BTC price.
This the updated version because I cant delete last idea.
(No financial advise)
I*m a doge
*Scaled and adjusted a bit around, seems to fit my correction curve that I placed months ago*
Bitcoin Update : Yet another Bull Run ScenarioOn our latest update on Bitcoin yesterday we said that there where 2 possibilities to happen which were easy to guess. Our "most likely" scenario take the stage and Bitcoin retraced to 6.8k level and re-bounce again. It seems the it tested the support level on both the 10k to 5.7k retrecment and on 8.5k to 6.7k retracement levels. It seems we are again in a possibility to see Bitcoin testing the strong resistance at 7.4k level. If it can break and close above the stated resistance level we might have a big possibility to start a leg up towards the 8.5k level. In addition to this all the setups on the May chart pattern before we see the big downward trend are showing themselves again on this weeks Bitcoin chart pattern. Besides in our 4H chart Bitcoin created a falling wedge pattern once again which can be taken as one additional potential indication for the uptrend startup till it finds a consolidation area. Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it.
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