Bitcoin Analyze (Short Term, Timeframe 2H)!!!Bitcoin is moving near the top of the Heavy Resistance Zone.
Bitcoin is making a Double Zigzag Correction (ABC/5-3-5).
We have two scenarios for Bitcoin now:
🔆Scenario 1: Bitcoin was able to find the end of main wave C, and it will go DOWN at least to 20800$
🔆Scenario 2: if microwave 3 of main wave C is extended, then we can expect that Bitcoin can make a Bearish AB=CD Harmonic Pattern around my PRZ (Price Reversal Zone) & TRZ (Time Reversal Zone).
Also, Pitchfork's lines are working well in Bitcoin Chart.
Bitcoin Analyze ( BTCUSDT ) Timeframe 2H⏰
🔴Heavy Resistance Zone🔴: 24180$ to 22500$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Xbtusdt
btc 7-28 update ~ 💥good afternoon o/
some nice moves this week.
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btc looks to be approaching my og target which i've talked about over the last few weeks.
if you've seen any of my videos, you'll know what i'm referring to.
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final move up will be a short squeeze, followed by fireworks 💥.
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🔨🔨🔨🔨
Bitcoin Analyze (Where is the end of correction❗️❓)🧐Hi, everyone; today, I want to check out the end-of-correction of Bitcoin at Weekly Timeframe.
Bitcoin is reacting to lines of the Fibonacci Channel very well, so we can use it for finding the end of waves.
Bitcoin is looking to find the end of the main wave A; I expect that the end of Bitcoin's correction can occur in the PRZ zone; also, according to the analysis of the lower timeframes, a drop from the current price ranges is still expected.
🔆The structure of Main wave A is Double Zigzag Correction (WXY).
🔆When Bitcoin can break(Valid) the EMA 200 (Exponential Moving Average) and SMA 200 (Simple Moving Average), then we can verify the end of Main wave A.
🔆In addition, each time that Bitcoin was able to penetrate the space of EMA 200 ( Exponential Moving Average ) and SMA 200 ( Simple Moving Average ), some weeks later, Bitcoin started to rise.
Bitcoin Analyze ( BTCUSDT ) Timeframe Weekly⏰ (Log Scale)
Where is the end of wave A ❗️❓
🎯Target🎯: 17500$ until 14200$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
If breakout fails -- more sidewaysThe charts are the result of a brute-force search for similar PA patterns over different timeframes in all of Bitcoin's price history.
Use your human intuition to judge which of these scenarios looks the most harmonious.
Some traders are able to stare at a blank chart for hours until they get a hunch, but I am not one of them.
To synthesize something completely new out of thin air is very difficult, but it is easier to judge if you are given some options.
Bitcoin Analyze (Head and Shoulder Pattern/Timeframe 15min)!!!Bitcoin made a Head and Shoulder Pattern on the Heavy Resistance zone, which can signify the end of the bullish rally we saw these days.
In addition, still, we don't hear the good news in cryptocurrency markets ( DXY is bullish, the Stock market is on the correction, the Cryptocurrency market is still in the shock of LUNA, and War is still running (unfortunately), Covid is growing up again, etc.).
Also, Bitcoin can make The Fan Principle Patten.
🔆Fan Principle Patten: This is a very interesting use of the Trend Line-The Fan Principle. This happens when the market is very volatile. In this principle, a trend line is broken and takes resistance at retracement in the uptrend. And the trend line is broken and takes support at retracement in the downtrend. Now a new trend line is formed and these things to continue and another new trend line is formed and repeats this process three times and now the trend is changed. This is an overview of the fan principle Pattern.
Fundamental News: Tesla has just sold $936 Million worth of their crypto assets, most of which were made up of Bitcoin.
🔴Heavy Resistance Zone🔴: 24100$ to 2302$
Head and Shoulder Pattern's Target🎯: Around 21580$
❗️Note❗️: If Bitcoin can break the Heavy Resistance zone, the Scenario will change (Low possible).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analyze (Short Term, Timeframe 2h)!!!🧐When Bitcoin was able to break the support line, after that, I can say that main wave B ended, and Bitcoin will go down.
Fan Principle Pattern Worked ✅👇
🔴Heavy Resistance Zone🔴: 24100$ to 23020$
Bitcoin Analyze ( BTCUSDT ) Timeframe 2H⏰
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
btc 7-26 update ~ good morning,
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this is the two ideas which stand in the way of btc going down to 13k.
>if btc flips 20,670 into resistance, it will invalidate the wxy,
>if the wxy is invalidated, there's a 66% chance btc will go down to 13k.
>33% chance it will play out the expanded flat.
( before confirming 13k, it will have to first invalidate this expanded flat).
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13k theory 👇
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ps. just a reminder - it is okay to be in cash.
13k?bitcorn is accelerating rather quickly into the new moon which shall appear within 3 days.
each new moon, bitcorn dives deeper into the abyss.
each time, the bulls will say it's different,
and each and every time it leads to the same exact result.
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in my last post, i entertained the bullish path which bitty could potentially take,
but it's moving faster than i'd like it to.
it's a lot more probable we take out the lows into the middle of august, potentially wick 13\14k before moving up for real.
that might seem like a pretty significant drop for some, but it's just another day in crypto land.
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neither the bull nor the bear case is confirmed for now; it's currently a waiting game.
i'm 99% cash since before we even topped out, taking little trades along the way, but nothing too significant until the middle of august comes around.
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trade safe o/
Bitcoin Analyze (Short Term, Timeframe 2H)!!!🧐Bitcoin is moving in the Leading Diagonal Pattern & PRZ (Price Reversal Zone); I expect that it will attack to Heave Resistance Zone again and then go down (it will not make a new high).
🔴Heavy Resistance Zone🔴: 24100$ to 23020$
❗️ Note ❗️: If Bitcoin can break the Heavy Resistance zone, the Scenario will change (Low possible).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
3Ok?i got to thinking this evening,
a lot of people are really bearish, myself included.
so why would the market randomly go down to feed all of these bears?
much more probable for it to go higher, to give people the idea that we have found a bottom,
then crash down to crush everyone's dreams lol.
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this is not my primary projection, but this is gaining a lot of probability as the days go by.
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if this does play out, i'll be looking for a back-test of 20k into august 12th,
followed by a rally into September to roughly 30k.
i do believe we'll make a new low afterwards, but it can take a few months before we see it happen.
btc 7-24 update ~ good afternooon,
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(green path)
as of this moment, btc has put in 3 waves down.
so long as it doesn't take out the recent low of 21937.0
we can expect for a bullish continuation to around 25~26k.
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(red path)
if price goes below 21937.0 on this next leg,
market will invalidate the move up to my original target,
and it will confirm the idea that the top has already been put in.
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waiting for confirmation before my next move.
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𝑝𝑠. 𝑖'𝑚 𝑠𝑡𝑖𝑙𝑙 𝑒𝑥𝑝𝑒𝑐𝑡𝑖𝑛𝑔 𝑎 𝑏𝑒𝑎𝑟𝑖𝑠𝘩 𝑝𝑖𝑣𝑜𝑡 𝑜𝑛 𝑗𝑢𝑙𝑦 𝟸𝟾𝑡𝘩.
RSI 60/40 strategy: no need for insanely complex indicators pt 4The 2 major issues with all trend trading systems =
1. whipsaw = or when signals fire but are immediately reversed = you could be wrong
2. A smart entry hardly ever looks like a "good entry". = you feel dumb
How to avoid:
1. trade size and stop losses = risk management = Expect whipsaw and plan for it
2. Trade size and stop losses = risk management = know how much you stand to loose; if that number makes you sick, dial you risk back about 90%.
3. but 1 & 2 are the same, you say? ... yep RISK MANAGEMENT removes both the emotional strain and the need to be right.
btc 7-21 update (bull-ish projection)in my last post i discussed my bear case,
this right here is the "bull-ish" case.
bull-ish, because the upward move will be straight chop.
alts will perform very well in this environment though, so that's a bonus 💰
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for this particular scenario to play out,
after rejecting 25~26k within the next 7 days, bitcoin will have to see a controlled move down into august which comes down in 3 waves.
it cannot go deeper than 50% of the recent move up from 17k.
>if structure is held until the middle of next month, we can anticipate higher prices into the months ahead into the mid 30k range.
>if price gets rejected in the projected zone, we can look for a decline to about 6k - where a long term bottom will be created.
>halving in 2024 will initiate the next bullish cycle, and bitcorn will go into the hundreds of thousands.
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both of these scenarios are possible, and we won't know which one is at play until price action confirms it.
patience is 🔑.
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ps. i continue hanging out in cash for the time being until more confirmation is given.
btc 7-21 update (bearish projection)good evening,
thought i'd go ahead and share my two primary cases, to catch everyone up with my thoughts.
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this right here is my primary projection for bitcoin.
it implies that a local top will be created within the next 7 days, followed by a sharp move down into august \ september.
>downside target on this particular projection is between 13~14k.
>once this downside target is in, i think bitcoin can see a significant squeeze up into the 40k region, (maybe even higher)
>followed by one more bear phase, which bottoms out between 10~6k in late 2023.
>halving in 2024 will send bitcoin into the hundreds of thousands; i'm very bullish long term. quite neutral until a bottom is in just swinging all these bear moves in the mid-term.
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(view next post for the bullish projection)
the time has come.the time has come for me to pull the trigger on a short.
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majority of the market has finally flipped bullish (as recently predicted).
when they were bearish, i got bullish,
and when they get bullish - i get bearish.
ez
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24.3~24.6k is the window of opportunity.
not entirely sure how low we're going go just yet, but i will know after seeing what the pull back looks like.
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~not financial advice, don't follow my footsteps.
btc 7-11 update ~good morning ☀
bitty feels pretty heavy. it is highly probable that this current move is coming down in 5 waves.
it would make the most sense as well.
flushing out all the late longs into the full moon (2 days from now).
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i'm eyeing that lower 19k range for a local bottom, but it's subject to go lower if the cpi data comes back worse than expected.
upside target is still at 24k, and i do believe we get there by july 30th.
after which, 12k.
Bitcoin Analyze (Counting Waves /Timeframe 15min)!!! (Update)Bitcoin is making Double Zigzag Correction for completing the Point E of Expanding Triangle. Also, Bitcoin wants to make a similar movement these days.
I am expecting that bitcoin can not break the Heavy Resistance Zone according to Technical & Fundamental analysis (DXY is bullish, the Stock market is on the correction, the Cryptocurrency market is still in the shock of LUNA, and War is still running (unfortunately), Covid is growing up again, etc.).
🟢Support Zone🟢: 18980$ to 17620$
🔴Heavy Resistance Zone🔴: 24100$ to 22500$
If you want to look at Expanding Triangle 👇
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
btc 7-19 update ~good morning o/
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not much to update, but i figured i'd give you an update on my thoughts.
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spx500 still has a lot of room to run,
dxy (us dollar) still has a bit more downside before the next leg up
which means btc could technically see an expansion.
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expansion targets = 24~27k
how high it goes will rely heavy on the us markets.
btc 7-18 update ~good morning my peoples o/
first off, i'd just like to say,
if you caught that long - you da man.
secondly, i moved 100% to cash about 2 hours ago.
thirdly, my upside target was hit from last nights post:
check it out if you haven't:
(if you watched my video update yesterday, you knew about this short squeeze, and you knew exactly how high it was going to go).
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let's talk about the data.
as of me writing this, there was a massive long position opened near the absolute top of this move,
you know how it goes.
fomoers fomo,
then get liquidated -> creating a downward spiral.
- open interest is sky rocketing into this push up (bearish).
- got these 8H dots showing up, signaling significant bearish divergence behind the scenes;
here was the last few times this signal has appeared.
you can be the judge of this picture:
- daily hidden bearish divergence, which is quite prevalent as of now.
it can get over exaggerated, as price pushes into the extremes.
invalidation of the hidden bear sits at 32k - that is also the level of my bearish invalidation.
- we are approaching the daily ichimoku cloud, which has posed as significant resistance in the past.
- most of the shorts have been liquidated, but there are a few stragglers remaining.
- risk is to the downside for mm, but they could prolong this bull trap awhile longer to get as much liquidity as possible on the way down.
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overall, my bias has shifted as of this moment - i do wholeheartedly believe we will see new lows.
the move down will be far more aggressive than the last one, and it's going to come unexpectedly - like a category 5 hurricane.
july 28~30th is the only window you need to know about
that is when the market theoretically will pivot, and can take everything from everyone who does not know.
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ps. this move can easily get over-extended to around 25~26k - that would be the absolute extreme.
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shared on 7-11 (same upside target for now)
btc 7-17 (alternative path)good afternoon, this is the alternative path.
as of this morning, btc has entered into another quartervois - creating a second potential trajectory.
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if this general area up here is held as support, it could be categorized as a flat.
if the flat maintains structure, we could see a short squeeze, as there was quite a bit of shorts opened over night.
could squeeze all the way up to 23k before pivoting down into the anticipated x-wave.
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primary scenario:
btc 7-17 update ~good morning,
if you watched my last few videos, you'll know where my minds at.
👇
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i continue to see an increase in price into the end of this month,
to be more precise, into july 30th.
we will likely see a fairly large dip into august.
depending on how it comes down will be the most important.
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market is currently at a significant crossroad, and what comes next will be highly reliant on how we pullback into august.
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check out my two primary projections into the next few months via:
bull-
bear-