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Goldenpocket

BTCUSD one last breath at major support! My overall bias has been bearish but having said that I trade level to level, day-to-day, and will change my mind if we invalidate key levels to take us out of the current bear market. BTC is showing bearish momentum and a very bearish market structure but that does not mean we can't look for longs. After the perfect .618 golden pocket rejection at 48k, we now have everyone in panic so this would be the best time to take a nice, fat long again. We're almost at critical support and it will be thoroughly tested IMO. What I can see coming up is a nice swing long at around the 38.4k range. Looking at TA: We have the golden pocket (yellow lines) of the ENTIRE uptrend. There will be tons of buyers in this range from 37.2k - 38.5k We have a daily level (blue line) of 38.1k Fib 1 - 1 extension (red line) gives us 38.4k for the move down and this typically gets completed as such. 4H - 8H RSI is very, very low and this suggests we've got more room to drop from where we are. Daily hidden bullish divergence if we maintain the 38k level and don't take out the wicks. I think we'll be bouncing in this channel I have created. We're currently halfway through. I'll share some more ideas below in the comments! NFA. Good luck!
BYBIT:BTCUSD.PLong
by christophergeeltrader
Interesting confluence for BTC around $23.8K Fib + CME GapRecently found some interesting confluence around $23.8K for BTC. If you like this let me know, or why you disagree. The entire Global Fib "Golden Pocket" from Bitstamp, happens to overlap with the largest remaining CME Gap yet to be filled from Dec 2020. Fib extension from the very top has a 2:2 smack in the middle of the overlap, as well as a 1:1 Fib extension from the local price action. Will we reach this level before rising back into a full bull market? Personally, I believe we will.
BITSTAMP:BTCUSD
by DestinyJV
4
Potential Long Setup For $WISH using Trendlines and Fibs Long Setup for Wish with Key areas it must break to run up to the target of $22.80. That price target is just before the midterm Golden Pocket Fib resistance (So good spot to take profits if it hits the target imo). $20.09 is also an important spot to watch for potential resistance and a possible pullback. But if it rips through that price point then it shouldn't have any issues hitting our $22.80 target. New to posting these ideas, so please let me know what you'd like to see more of and what I should explain better. Cheers :)
WLong
by DougCatBounce
BITCOIN blows the trumpet - NO ONE wants to hear that!!!Hello everyone, I know no one wants to hear this, but it's time to come clean to all the MOON boys who are making promises and keeping you happy. What does the chart tell us, what is more likely and what are the possible scenarios for bitcoin? First - anyone who has been following me for a while knows I am currently perma-bear on bitcoin. My short analysis has hit the mark and so far I have no reason to doubt that this assessment will continue. To rule out conflicts of interest immediately - I am flat on crypto - and with good reason! I trade stocks and that's currently a lot more fun than the coins. Anyone who is interested can have a look at my other analyses! Even in the current mood of the end of time, Bitcoin can clearly hold on to formations that are now becoming clearer in the chart. We are talking about the trumpet 📣 "The Trumpet (Broadening Formation) is a relatively rarely occurring chart formation. Basically, it is a triangle open to the right, whose boundary lines run further and further apart at the top and bottom. The angle at which the upper and lower boundary lines diverge can be arbitrary. Normally, however, the formation is symmetrical. This means that the boundary and support lines diverge at the same angle. There is no favoured direction of breakout. The trumpet can occur both as a trend continuation formation and as a reversal formation (top formation)." What this means to me is clear. A definite statement cannot yet be made. Nevertheless, a clear tendency can be seen here and it doesn't look so great. The price remains weak, continues to fall and recoveries are more of a homeopathic nature! A breakout on the downside is therefore currently much more likely for me. The problem here is that if the formation breaks out to the downside and the price cannot be intercepted, the crypto market will probably be trapped in a long-term and tough crypto winter for good! The only possible remedy: the price must leave the formation to the upside, or be caught vigorously at shot target 3 on a breakout to the downside! Honestly, I wish it to everyone who is invested here!!! Please pay attention to our risk note! I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a like & follow 🙏 Best regards & success! Max from ChartDigger
BITSTAMP:BTCUSDShort
by CRV_Trader
3
BTC went down to the Golden PocketYesterday was a brutal day for most of the people in crypto, myself included. I did not sell my long term holdings but I had two long trades open, 1 in BTC and 1 in ADA, and they both got liquidated. Fortunately they were not very big so the loss was limited. I hope all of you did not lose too much. Maybe some of you even made profit by shorting? Share in the comments below. But when we Zoom out and look at the chart, it's very interesting. The BTC price went down to the Golden Pocket almost exactly to the dollar. The Golden Pocket is often considered to be a great entry for long positions. Personally I did not open a trade. I want to wait for the Buy signal on the Hash Ribbons (daily chart) just to play it on the safe side. To be honest I got scared yesterday so I did not have the guts to enter a long position at the Golden Pocket level. It would have made a great trade though if I had ;) Trade carefully and never trade with more than you can afford to lose. It's something we hear a lot but it's true!
BITSTAMP:BTCUSD
by CryptoMike100
SQUARE - 🚨Attention, it's getting dangerousHello everyone, SQUARE is definitely one of the current hype stocks. Accordingly, the share price has developed well in the past. But everything moves in waves and Square will be no exception. There are some warning signals in the chart that suggest a strong correction. And it is precisely this expectation that I would like to use to determine a nice long-term entry. Chart-technical assessment - The momentum of the trend has clearly cooled down in the weekly chart and is slightly negative according to the MACD indicator. This is also reflected in the fact that no new high was formed in recent weeks. - On the downside, a clear support zone can be identified in the chart (grey box). - Within the supposed top there are two very exciting candlestick reversal formations. 1. evening doji star: A formation of three candles. This formation is not very common, but when it occurs after a strong rally, we should pay close attention to it. The formation represents a strong trend reversal signal with a good hit rate. The top of the Evening Doji-Star formation is considered strong resistance and is located at 283.19 points. 2nd Shooting-Star: A formation from one candle: The Shooting-Star is another trend reversal signal. Moreover, it additionally occurs in the range of the Evening Doji-Star. Conclusion - The chart gives many warning signals that the party at Square is over for the time being. Nevertheless, no decision has been made here yet. - Should Square sustainably overcome the upper side of the current formation at 283 points, a further long movement should be the consequence. - Should Square fall through the lower support, as I expect, I will use the marked zone in the chart as a buying opportunity. This is where many supports and the price target of a sell-off come together. As always, it's "do your own research" - I am not an investment advisor and this analysis reflects only my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
NYSE:XYZShort
by CRV_Trader
🚨 LTCEUR - Perfect trade with 54% profit ✅ Hello dear readers, the idea for this trade was presented by me HERE on April 11th and was a real picture book trade :) Now the trade is finished: Symbol: LTC/ EUR Duration of trade: 12 days Profit: 54% Conservative All price targets worked off: Yes So this trade can be filed away, on to the next one :) As always, it's "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call to individual action! If you want to support my work I'm happy about a Like & Follow 🙏 Best regards & success! Chartdigger
Long
by CRV_Trader