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Possible head & shoulders (retest breakout trend-line) BTC Hello traders, Firstly, we had a rising wedge pattern which has slowly started playing out, this can take 24 hours to eventually fall. Secondly, I'm seeing a possible head & shoulders pattern slowly coming together. Confirmation if we get the right shoulder somewhere in the grey circle. Invalidation if $44,600 gets flipped into support. If we lose the trend-line and this turns into a fake out my first support / target will be $39,999. There's not a single trader out there who is right 100% of the time. Crypto is manipulated by tether and you can't control price action when they turn the money printer on and pump $1,000,000,000 into the market because nobody can see this coming. The only thing you can do is work with the market and flow with the current market conditions. My trades have a 90%+ hit rate, and on those losses I've learned to manage risk and average in and almost always get out breakeven or in profits. Dear counter traders, feel free to 100x long here with your entire account margin ;) Shoutout to my supporters who know my track record and see my trades usually play out. After all, if my trades we're always wrong I don't think I'd have 1200+ followers. Appreciate all of my loyal followers and supporters, I don't have to post my thoughts on the markets but still choose to despise certain individuals constantly trying to troll me and bring me down. Please do me a favor and like/comment on this post to show support, all trolls will be blocked, reported, and ignored going forward. 👍
BYBIT:BTCUSD.PShort
by YurloTrades
10
Rising wedge pattern confirmed (bearish resolution) BTC Good morning traders, A rising wedge has formed and confirmed a resolution to the downside. These patterns have an 88% chance of breaking down in terms of probabilities, which is the opposite of a falling wedge (which is bullish) Wedge's have always been my favourite pattern to trade because the hit rate is so high. Lots of trapped longs at the top now, lets see how the next 8 hours develop going into the daily close and most importantly the rest of this weekend. $41,555 has to hold (which is the support that was broken from the downtrend from ATH's) so it that gets lost this will be a confirmed fake out for at least the short term. I'll also be watching to see the reaction at $39,999. I still think it's possible we see $39,111 to print a higher low from the $37,333 support, but time will tell this story. There's a ton of liquidity under the trend line because of fomo longers using high leverage once it broke. Stay safe, and as always do your own research. None of my posts are financial advise, just my own thoughts. Please do me a big favor and like/comment to show your support, it would mean a lot to me. 👍
BYBIT:BTCUSD.PShort
by YurloTrades
28
4 hour close above $38,450 will confirm bullish momentum (BTC)Hi traders, An inside look on my previous technical analysis here. You can see with the grey circle price action is wanting to explode. A 4 hour close above the tiny downtrend that was holding us down this entire week will confirm my bias and my previous posts suggesting a short squeeze is coming. It's finally all coming together, patience pays off. Plan your trade and trade your plan. Shoutout to all of you for the kind words on yesterday's technical analysis, appreciate you all.
BYBIT:BTCUSD.PLong
by YurloTrades
2
Rejected the downtrend from ATH's (lower highs) + bearish engulfHello traders, Just here with a quick update after we've seen price action develop further. Monthly open was bearish, daily rejected very close to the downtrend trend-line. I've been planning this trade for almost 2 weeks and have no intentions of closing. The uptrend from $29,700 has now been broken, so expect high volatility this week and avoid leverage. Daily momentum oscillator (stoch rsi with layover) is just leaving the overbought zone after going sideways in the region for a week straight. Price was pushed up to reach the downtrend from ATH's in my perspective. 10x longs get liquidated around $36,000 - $37,000. Stay safe my friends 👍
BYBIT:BTCUSD.PShort
by YurloTrades
4
3rd validation point on downtrend from ATH's (lower highs) BTCHello traders, At $29,700 I mentioned a possible triple bottom, why? We only had 2 validation points on the downtrend from ATH's (which is a weak trend) but if we reject in the next 24 hours and get a 3rd it will strengthen the bearish trend with clear lower highs and eventually retest $30,000 leaving 90% of traders confused and lost. This will be my last technical analysis until the sell off starts. Also said that $42,000 - $45,000 was resistance depending when we pumped, but it appears to me we have a little bit of room left to pump but $43,000 won't hold in my perspective if we even get there. It's also going into a weekend at resistance. Stay safe. 👍
BYBIT:BTCUSD.PShort
by YurloTrades
18
BTC LOOKS READY TO EXPLODE (massive short squeeze coming) DAILYHello traders, The daily candle closes in 30 minutes and is just under resistance looking ready to explode. Weekly STOCH RSI starting tp point up. Honestly it's possible we get a $10,000 weekly candle to retest the downtrend from ATH's. From there we either get a 3rd validation point on the downtrend and reject starting the next major sell off or someone break it which I can't see happening considering the pi-cycle top signaled April 14th, 2021 at the exact top. Last time that happened was December 2017 at the previous ATH. There's a chance we still reject the weekly open but the weekly candle was very strong and daily candle about to possibly close above the descending triangle at the daily close. STAY SAFE, IF YOU DON'T DO YOUR OWN TECHNICAL ANALYSIS DON'T BLINDLY FOLLOW OTHERS. DO YOUR OWN RESEARCH AND LEARN EVERYTHING YOURSELF OTHERWISE YOU WILL NOT MAKE IT LONG TERM. THIS IS NOT FINANCIAL ADVISE JUST MY PERSONAL THOUGHTS.
BITFINEX:BTCUSDLong
by YurloTrades
11
Mas But I Never Know Just Like You! 👍So what fun in the wonderful world🌎 of Bitcoin ETH and your favorite Alt... I highlighted this region because I find it a note worthy zone for many to remember. Many on one side of the fence vary few on the other, but much wow! Many now are "I told you so's" or no FUD allowed let me keep pounding this rock it feels sooo good when I stop. Point is the chop is the chop but if your chopping a tree with the intention to harvest well chopping brings the tree down... 🪓🌳 I haven't posted much my previous post speak for themselves and current sentiment. 🤷‍♂️ Never wrong to plant a trees though! 😉 What are your thoughts? Is it bad that people like to realize gains and say "Cool! More Dollars now!" Most will answer with an emphatic "YES!!!" LOL Or am I really the only person that's down to pull profit and even short a little??? LOL No Advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO" Things 🤷‍♂️ #Fixed IDK Protect Your Neck! 🙏FOR JUST A HEALTHLY PULLBACK! ""KEEP CALM AND MANAGE THY RISK!""
INDEX:BTCUSDShort
by BradySWilliams
2