Satoshi
BTCUSDT June 22,2021This is the big head and shoulders that I was talking about in my last idea.
Long term bullish trend is broken, The bullish channel is lost, Triangle is broken from the bottom . If price rise from here, seems to me it will be only a pull back to the broken trend line and then it will go down again.
$30k is the neckline of this big bears pattern, after it breaks then you can see the targets on chart which is $24k and $19k .
BTC you SHORT beast, sub 23,000k incoming. Nice, short and concise.
8 Weeks of bearish sentiment, now one thing to consider is a td 9 count will complete at the end of the week. So, factoring in TD Sequential, it'll be important to watch for a 4 count correction to the reverse, or whether it continues bearish sentiment and goes on to complete a 13 count to the downside. However, I play particular attention to a rejection of not only the 0.618 resistance level in this chart, but also how it co-occurs with a rejection of a MA cross-over right on the fib retracement at 0.618 level, which led into heavy downwards pressure.
Moving averages, MACD, MFI indicate mid term bearish continuation. As what we expect from crypto trading such as whales dumping, exchanges going into server overload mode and tether printing, ANYTHING CAN HAPPEN. But the charts have spoke thus far, and it is irrefutable despite bias, the technicals and data of btc and the picture being painted does not in the slightest suggest a worthwhile long entry, unless swing trading, and in the the hope we go back up to test new resistance, and just get slammed backed down.
Also, just to conclude on and close on a litte challenge. Open a btc/usdt chart, change to weekly/monthly. TA Done.
Low lev, low contract for Future traders
Complete Market Cycle x BTC Part 9 Possibly the most prolific take on the future of the coin given the current, controversial period of its existence. Here we see a complete market cycle based on the Elliott Wave theory. The layout is limited to primary and intermediate waves only with exception to the emphasis placed on the leading diagonal pattern. The motive VS correctional distinction is also highlighted with 5 intermediate motive waves as well as 3 intermediate correctional waves. The price right now resides in a symmetrical triangle biased to a reversal with a possible false breakout - nothing further than 28k. Thus I strongly believe the 3rd wave of the primary cycle shall follow, taking Bitcoin to new highs and to the moon !
#SATSUSD Long 50% Short 18% @ current price of .0003926SATSUSD HAS REACHED JANUARY'S 2021 LOWS AND HAS FOUND SUPPORT. THE BOLLINGER BANDS ON THE LONG TERM DAY CHART STILL SHOWS WEAKNESS, BUT I AM LONG ON SATOSHI FOR A POTENTIAL 50% GAIN OF IT BREAKS ABOVE THE CURRENT SUPPORT LEVEL AND I AM SHORT ON THE POSITION TO THE DOWNSIDE OF 25% IF SATSUSD BREACHES SUPPORTS AND BOLLINGER BANDS INDICATE A FURTHER DOWNTREND.
BITCOIN - WAVE B TOP - Critical Support Has Now Been BrokenIn this video I discuss what is happening to Bitcoin and why the signs point to a top.
This does not affect the XLM analysis, it only enhances it.
Without saying too much more just watch the video.
I have a tonne of further research to do.
Talk soon.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
Wait until $41695 (Read it carefully)Dear Traders,
This is the research account of us. We have calculated the potential of market which around 2 days we will see a drop on most of the currencies because BTC is the base code of market and the trend of BTC still is downtrend until $41695. Then you can enter to the market and hold it for almost 4 to 5 months until it reaches $94446. Then according to our advice, close your positions at this rate and wait for $81,992 and take the last order and wait until $114,594 and totally move out your money from cryptocurrencies. The reason is that after this wave whole of market will go to downward.
You can just check the points to help you close your positions for other currencies too. Whatever happens to BTC will lead the market.
$NLG is back as The Dutch Bitcoin! Soon "The Flying Dutchman"?Check the link for the latest news item which caused this major price surge. There will be a reduction of the total max supply of Gulden by over -50%. This means Gulden is getting very scarce soon. Price went over +150% today already at it's biggest exchange: Bittrex Global.
The FOMO is strong today!
Green = 17 sat strong support line which dates all the way back to June 2014. Major volume on the 15th of March 2021 and the support stood it’s ground.
Yellow = First major resistance line dating back to September 2019. Almost reached this in one day from 28 to 96 sat, when the FOMO kicked in.
Blue = Second big major resistance line dating back to January 2020. If this target is reached and breaks through, Gulden is unstoppable and we’ll see prices going above 1k sats.
Purple = Last ATH for Gulden in sats, nearly 15k satoshi. Bitcoin was in it’s early stages back then, but nonetheless, the project has a huge upwards potential.
Will post updates when resistance lines are being tested or broken through.
Good luck!
ROAD TO 60K and beyond ?After the uptrend breakdown and retest, BTC is back to the support area at 53300. On its third shot, BTC might break above 58200 to finally reach a new ATH!!
Looking for that bat pattern to get filled.
Daily chart: Ascending channel, price corrects at 0.5 fib level, filling orders set at support area to form a new impulse!
Bitcoin’s (BTCUSD) Corrective Wave ContinuesWill keep this one simple. We’re still very much likely in a corrective Wave 4 (of primary Wave 3). If Bears win the orange line, Bulls likely will win at the orange box. If Bears win the red line, Bulls likely win at the red box.
Anticipated: Running Flat or Extended Flat correction.
Bitcoin Daily chart analyzeThis popular cryptocurrency(BTC) is now priced at $ 60,000.
If the candlestick closes above 60,000 daily, it has the potential to grow up to 240,000 .
Otherwise, if it falls below 58,000, it can be corrected up to 30,000.
Supports and resistances are indicated in the picture.
Let me know what you think in comments.
***Future is yours***