MEGA DUMP, READY FOR BITCOIN CASH CRASH?Top down analysis from Monthly , weekly , daily and intraday timeframes.
Angles of Analysis:
1: Technical ( No news)
2: Price action( Behaviour around high time frame candle closes, and wickes on 1hr and lower time frames)
3: Indicators(EMA trendlines, volume, Momentum Oscillator, Money Flow Index )
Dump
BTCUSD is near weekly resistance, breakout and 50K or dump ?As we can see the price now is near the last resistance left on the chart and can face some correction soon.
Notice: we were strongly bullish on bitcoin and the market for a while, but now it is time to look for a lower price to add more or to sell here and buy again at lower prices.
for sure the market is strongly bullish and it can easily continue too and long-term we are still bullish.
Targets and supports:
A. 37000$
B. 36000$
DISCLAIMER: ((trade based on your own decision ))
<>
#BTCUPDATE - 30.7.21 LITERALLY NO SURPRISE
As I have been warning for the past few days BTC has been throwing up bearish flags everywhere.
We are straight down to first support - which is quite a strong one of the 200 DEMA although I think a small bounce here and the US online will sell and push down quite steeply. It should be an interesting weekend.
If we lose this support at $38.5k then next stop imo is $36.3k.
Benefits here are that we needed a correction after a heavy pump - and it is setting up nicely for an ultra bullish August. When ETH London Hardfork & German Institutions come online.
My play is to target $36.8k from here and then see if it holds - if not then look to $34k. In the same breath start accumulating/DCA'ing BTC on the way down now as the come back pump is gonna be REAL!!!!
$BTBT is gonna fall todayPupm&Dump trading strategy idea.
$BTBT is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $7,63;
stop-loss — $8,19;
take-profit — $6,52.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$AVXL is gonna fall todayPupm&Dump trading strategy idea.
$AVXL is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $23,49;
stop-loss — $24,55;
take-profit — $21,37.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$FLGC is gonna fall todayPupm&Dump trading strategy idea.
$FLGC is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $10,41;
stop-loss — $11,00;
take-profit — $9,22.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$TAL is gonna fall todayPupm&Dump trading strategy idea.
$TAL is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $6,32;
stop-loss — $6,57;
take-profit — $5,82.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
#BTCUPDATE - 29.721 - D-DAY
I feel like we are about to see an explosive move from Bitcoin today just in time for the weekend.
Unfortunately there are quite alot of signals pointing to a bearish move, as we are one candle away from printing a bearish TD9 on the daily, a CME gap down at $34.4k to fill, going into the weekend and also a Future Pivot that is commonly filled....not to mention the Weekly pivot that almost exactly overlays this CME gap between $34.5k to $32.3k.
On the other hand there is so much bullish news out there that if we break $42k we can see an extremely large pump easily to $47k region filling an old CME gap.
Imo when it goes it is going to go! Either $47k or $34.5k!
So my play is to have a Long set up from $42k to $47k and a Short from $39.5k to $35k. Big moves but its what happens after Pump and consolidation.
$YMM is gonna fall todayPupm&Dump trading strategy idea.
$YMM is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $10,99;
stop-loss — $11,47;
take-profit — $10,02.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$TMDI is gonna fall todayPupm&Dump trading strategy idea.
$TMDI is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,09;
stop-loss — $2,22;
take-profit — $1,82.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$TAL is gonna fall todayPupm&Dump trading strategy idea.
$TAL is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $6,99;
stop-loss — $7,27;
take-profit — $6,42.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$INFI is gonna fall todayPupm&Dump trading strategy idea.
$INFI is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $1,99;
stop-loss — $2,22;
take-profit — $1,53.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SOS is gonna fall todayPupm&Dump trading strategy idea.
$SOS is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,84;
stop-loss — $2,94;
take-profit — $2,63.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$BTBT is gonna fall todayPupm&Dump trading strategy idea.
$BTBT is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $4,94;
stop-loss — $5,20;
take-profit — $4,42.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$OGEN is gonna fall todayPupm&Dump trading strategy idea.
$OGEN is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $0,91;
stop-loss — $0,99;
take-profit — $0,75.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$SOS is gonna fall todayPupm&Dump trading strategy idea.
$SOS is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,84;
stop-loss — $3,00;
take-profit — $2,52.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
#BTCUPDATE 27.7.21 MANIPULATION OF THE HIGHEST ORDER
Amazon denied claims of accepting #BTC at critical resistance causing a relatively strong dump, although BTC has held surprisingly well - this coupled with that Amazon has followed up officially with they are exploring crypto payments - so there is still hope there/
We have found a strong support at $36.3k and reclaimed $37k although getting back above $37.7k is where we really want to be.
All in all it is still looking like a very bullish short term run for BTC with $40k likely to be retested. I feel like we are looking at a potential ascending triangle forming either at $38.5k or more likely $40k region to start to build for the proper breakout.
There is currently a weighted stable-coin ratio on exchanges which would suggest an incoming pump for BTC soon - although the door has been opened a little bit for FUD news so watch out.
My play with BTC is to hold long to $38.5k and then onto $40k.
All-in BTC Short 🔻 TP: $31 700, x10All-in BTC Short 🔻 TP: $31 700, x10
🔴 KEY POINTS:
- RSI is strongly overbought
- Momentum hit RSI Resistance
- Price Action hit Channel Resistance
- Machine Learning (Artificial Intelligence, Linear Regression ) says upcoming Resistance
- Chart Pattern: This Technical Indicator Variation worked 100% in the past
We've opened a second BTC short. This time all-in.
First BTC short: Linear Regression "Short" 🔻 Bearish Divergence, Overbought RSI
ETH short: All-in Short 🔻 Double: RSI Resistance, Channel Resistance
Sleep like a baby...And I don't mean, up every hour crying!
The logic is in the price action, many people are already calling for the moon. It won't be that easy, I can assure you!
If you have followed along with our streams, you would have seen the Weis wave logic and the count as per the Elliott wave day ranges.
Here's the simplified logic showing the range of days.
If this isn't enough to give you some comfort, how about this?
We have been making lower highs and lows since our ATH...
Don't get me wrong, I am not all doom and gloom - and for you perma bulls, I have been Bullish BTC Since 2011. But recognise the market sometimes needs a correction, I have written several posts on buying the dip and even a roadmap to our current location.
See date of post. And to update this, see below;
-----------------------------------------------------------------------------------------------------------------
See the logic from the 18th of March as to why we were in distribution (related ideas) They blew up the rocket.
This was the schematic in simple form. With current price action nearing it's low.
We also posted several educational pieces on the Wyckoff schematic.
Click the image to take you to the post.
Above is the local schematic formed and this could easily fit the profile for a nice UTAD type move.
=================================================================================
Composite man (Wyckoff related) is having a laugh and will play the games, until he is ready.
So whilst this might upset some Bulls, confuse some bears. The logic is there to help. It's been an interesting day today!
Trade safe!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
$TYME is gonna fall todayPupm&Dump trading strategy idea.
$TYME is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $1,63;
stop-loss — $1,88;
take-profit — $1,12.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$STAF is gonna fall todayPupm&Dump trading strategy idea.
$STAF is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $3,39;
stop-loss — $3,67;
take-profit — $2,82.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$MOXC is gonna fall todayPupm&Dump trading strategy idea.
$MOXC is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $19,87;
stop-loss — $20,99;
take-profit — $17,62.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$NAOV is gonna fall todayPupm&Dump trading strategy idea.
$NAOV is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $3,96;
stop-loss — $4,43;
take-profit — $3,02.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!