BTC forms Bullish flag with pinsBull Flag made and pins started, need to see one more pin to confirm this, Then I see 45K as a top of this run before a support confirmation later, If we do not see the 3rd pin form then this could be traping more longs and then down we go. BTC has been all over the place so we have to keep our eyes on the news and charts every 4 hours, I Love seeing the volatility come back, This is where we make money, going short and long. Remember down trends are great money-makers for short orders. Let's see how these next 4 hours play out. God Speed.
Cryptolevels
BTC Express 🚂 $28,631 April 23' Looking for a Retest of the Lows. Bears appear to have showed up a bit higher than we were anticipating. BTC Appears to be doing it's thing, which we can always appreciate. Since the USD is being dumped BTC may be the future. For now we will trade based off Zones by constructing attractive RR Ideas that may cushion us across a series of data points and into the positive. Surviving as a Trader requires more emotional control than in comparison to other contributing components. My System across the past 6 weeks you may observe a 28% Hit Rate. How are you profitable ShrewdCatFx? I would say maintaining emotional discipline across the vast series of data points.
More Analysis :
Entry is Only 70 Points lower than our Entry from yesterday that was blown out of the water.
Now Price is behaving how we would like it to and are getting in for an entry as price retests the top of our original range between 28.5K Daily level and 27.3K Daily Levels.
Price on the Daily looks like major rejection with that top wick. If Daily closes below 28.5K in 2 hours then we can be confident of a leg down during Asian or upcoming London session.
Upcoming News :
CPI on Friday
FOMC next Wednesday
NFP next Friday.
Plenty of opportunity ahead.
Maybe we keep consildating between 28.5K and 27.3K Daily levels until then.
Bitcoin's bull-run not over yetBINANCE:BTCUSDT
• The perfect trap for more shorters to hop in for 'the bigger drop towards 25K to fill the daily gap'. Little do they know that it has already been filled from the previous days when it tapped into the 26Ks and pushed beyond 28K.
• Therefore, Bitcoin's maximum drop will not go below 26K.
• Bitcoin's current 'dump' is not a dump, as the asset's price has changed apx. (12.5%) which is an average price change for the so-called 'price correction'.
• Bitcoin correcting meaning it will be giving more opportunities to go further up (long).
• Bitcoin, for now, will aim for the 29\30K gap.
• Potential highs: 32\33K for last year's daily/weekly/monthly gap. If broken: 40Ks which is going to be the major big timeframe Fibonacci premium zone.
3 Days Waiting / Setup : Fakeout / Daily TF 📉 Have been waiting patiently for Shorts to Setup on BTC. I'm not totally convinced of this rally as you can observe. This trade is in anticipation that the Daily timeframe will respect the Daily and Weekly Levels in Between 28 to 28.5K. Although this retest of our Daily Level looks quite daunting, selling into strength shouldn't be too much of an issue because of the amount of orders at this level previously 28,300. It's worth a shot given the RR and the previous Weekly Engulfing Candle. I typically stick to scalping but this Fakeout Looks clear as day and so I have no issue risking some profits with reduced risk and attempting something different then the usual.
Polkadot Mid-Range Decisions DOT, great potential with SEC considering labeling the coin as a commodity. When looking I feel neutral about the chart, we see a change of structure & yet not much impulsiveness during the April alt-coin rally. A test of lower support seems probable if the BTC retracement is coming in the following months and maybe even new lows.
Do Engulfing Candles Work? 🤨Yes Engulfing Candles work but it depnds on the context. If are at either a Weekly, Daily or 4Hr level then I will have more confidence in my entry. If not then we may just be selling into momentum and getted rekt while price goes the other way and we weep as our ego suffers. We have a minor zone at 1880 but nothing more than that, at least considering what is relevant personally. However, we have had sustained bearish pressure on the higher TF's such as the Daily/Weekly and appear to be printing solid engulfing candles on those timeframes. 1 More day for the weekly candle to close. I can observe price potentially returning to the lows for more liquidity around 1840
and going into a range. If not then candlestick patterns dnt wrk and that's why we always stick to combining confluences, and considering context before entering after a candlestick pattern. Thinking more range before we see 1942 again.
$ĐOGE PT 69 Timeline: starts Oct 2023/Jan 2024- Spring 2026What Is Dogecoin?
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
How Do You Mine Dogecoin?
Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.
Polygon 🛠️ Holding 1.0159 ? Will We continue our uptrend on HTF's? IDK we will have to see if price ( 1.0159 ) Daily level
will hold or we may fall into the depths below, the abyss. I can our next short targets being ( .9760 ) 4hr Level
and ( .9382 ) Weekly level. I can see a short term range being created here to build up more liquidity to go to the upside. The prices for the range may be between 4hr zones ( 1.0069 and 1.0539 ) before seeing more upside as bulls gather liquidity.
2 Day Chart Saying Hi. GCross / 3 AmigoHello all! Happy Weekend. I was checking on the 3 Amigos and it looks like the 2 day has just made it to Golden Cross territory.. I am thinking people are still on the sideline and potentially we have not seen the FOMO yet. LMAO. A lot of perma bears are out right now trying to change the narrative back to that 10k flush out.
I would suspect some type of flush out at some point to deleverage longs. Although, this is very tough to predict when, I think we are still in disbelief stages of potentially the start of the next bull run.
Getting back above the 200 was critical for BTC. I believe the pro traders hoping for that downside are not expecting the next move, and the HERD (society) also have been mostly still scared to enter and new buyers will not buy until BTC crosses that 30K threshold when the FOMO kicks in. We crash after BTC hits 35kish to low 40k at major FOMO, but then back down to low 25kish wherever 200 MA is.... This is all my own opinion and should not be taken as investment advice, entertainment only.
Ethereum -> Just A Classic ShakeoutHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Ethereum already broke above a major previous weekly support/resistance area at the HKEX:1900 level.
You can also see that as we are speaking, Ethereum is retesting this previous resistance which is now turned support, market structure is still bullish and we already created the bottom of the bear market in my opinion, so I simply do expect more continuation towards the upside from the current levels.
On the daily timeframe you can see that Ethereum is also retesting previous daily support/resistance which could act as support so I am just waiting for some more bullish rejection inside of this area and then I do expect a next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Weekly Momentum On Major Pairs (Week 17/2023)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Mixed
Gold & Silver: Mixed
XXX/JPY: Slightly Bearish
Stock Indexes: Slightly Bullish
BitCoin: Very Bearish
WK 17 (22 Apr 2023)
Bitcoin -> Please Don't PanicHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Bitcoin just retested and already rejected a quite obvious previous weekly support zone which was now turned resistance exactly at the HKEX:30 ,000 area.
As mentioned in my last analysis linked below, after a 90% pump over the past couple of weeks a short term correction was quite likely and maybe Bitcoin will also retest the $24,000 level from which I then do expect a next rally towards the upside.
On the daily timeframe you can see that Bitcoin is currently already retesting a previous daily support zone at the HKEX:27 ,000 area so after we get some bullish confirmation, we could already see a short term rally towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Breakout the massive falling wedge🔸As u see in weekly chart ... The massive falling wedge since 30 months has successfully breaking out and now retest.
🔸Iam waiting for this retest and weekly close above 0.382fib level
🔸My target would be 5$
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