Tweezers Top, correction is possible!A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.
A tweezers bottom occurs when two candles, back to back, occur with very similar lows.
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially pullbacks.
There are additional criteria. The first candle should have a large real body (the difference between open and close). However, the second candle can be pretty much any size. Therefore, the two candles may look quite different. For example, in a tweezers top, the first candlestick may be a strong-up candle, closing near the high. On the other hand, the second candle may be a Doji—a cross-shaped, neutral candlestick pattern—that doesn't close near the high but still has a similar high to the first candle.
reference Article:
www.investopedia.com
BVOL7D trade ideas
BTC's Possible Double-TOP ⚠️ 🐻 ⚠️Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 BITCOIN /USDT H:4 Chart - Heiken-ashi
📌 PRICE ACTION - Fibbo - Double-Top
📍 Bitcoin may create a double-top after filling the first target of bullish-flag
✍🏼 Straight to the point, Bitcoin may create a possible double-top in H:4 and daily time-frame which can lead the price again to the 44-45k zone
✍🏼 After the vast internet shutdown and failure of centralized plat-forms such as Facebook , WhatsApp and Instagram; Bitcoin and other crypto currencies pumped big in just less than a day.
⚠️ However, from technical-analysis point of view I am just concerned about a double top at 53k price zone.
✍🏼 If the scenario 1 fails, of course BTC is going to see the 57-58k price zone more easily than everyone thinks.
⚠️ RSI in H:4 looks so much in overbought position; more than 80-85 RSI is such a dangerous zone.
LINK OF MY BULLISH-FLAG TA IS AVAILABLE BELOW, PLEASE CHECK IT OUT
THIS IS NOT A FINANCIAL ADVICE, IT IS JUST MY OPINION
Weakest Bulls ever..!In the past five months, Bitcoin gained 93%. However, if you compare the past five months with the previous bullish rallies, it will become obvious this last rally could not be the same as the previous ones.
I believe the last rally could be compared with Dec 2018 - July 2019 period and will be followed by another decline in the price!
Dec 2018 - July 201:
The last 5 months:
based on this comparison I believe a reversal is a more likely scenario..!
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Elon Musk vs Satoshi NakamotoWho Is Satoshi Nakamoto?
Satoshi Nakamoto is the anonymous name used by the creators of the Bitcoin cryptocurrency.
Although the name Satoshi Nakamoto is often synonymous with Bitcoin, the actual person that the name represents has never been found, leading many people to believe that it is a pseudonym for a person with a different identity or a group of people.
History of Satoshi Nakamoto
The persona Satoshi Nakamoto was involved in the early days of Bitcoin, working on the first version of the software in 2009. Communication to and from Nakamoto was conducted electronically, and the lack of personal and background details meant that it was impossible to find out the actual identity behind the name.
Nakamoto’s involvement with Bitcoin, however, ended in 2010. The last correspondence anyone had with Nakamoto was in an email to another crypto developer saying that they had "moved on to other things." (Investopedia)
Nov. 27, 2017: Elon Musk denies a theory he is Satoshi Nakamoto, the pseudonymous creator of bitcoin, tweeting here, "Not true. A friend sent me part of a BTC a few years, but I don't know where it is."
In 2004, Elon Musk joined electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.) as chairman and product architect, becoming its CEO in 2008.
Kimbal Musk the younger brother of Elon Musk:
Kimbal Historic trade: Kimbal Musk (Elon's Brother) sold 30k Tesla shares at 856 dollars in February 2021
Elon Musk Charged With Securities Fraud for Misleading Tweets
FOR IMMEDIATE RELEASE
2018-219
Washington D.C., Sept. 27, 2018 —
The Securities and Exchange Commission today charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private.
On August 7, 2018, Musk tweeted to his 22 million Twitter followers that he could take Tesla, private, at $420 per share (a substantial premium to its trading price at the time), that funding for the transaction had been secured, and that the only remaining uncertainty was a shareholder vote. The SEC’s complaint alleges that, in truth, Musk had not discussed specific deal terms with any potential financing partners, and he allegedly knew that the potential transaction was uncertain and subject to numerous contingencies. According to the SEC’s complaint, Musk’s tweets caused Tesla’s stock price to jump by over six percent on August 7, and led to significant market disruption.
www.sec.gov
Comparing Tesla and Bitcoin market cap of 775 Billion and 1 Trillion dollars will show us Elon Musk and Satoshi Nakamoto have had the same achievements in the past decade..!
Comparing the price pattern of bitcoin and tesla in the past 20 months shows an undeniable positive correlation of the 2 ..!
BTCUSD another rally !? Elliott wave count Analysis D 1h chartAfter 5 wave impulse we have a abc correction, and we found some strength at wave 4
Look like btc will re test 47800 area if we break above it maybe we will have more momentum to the upside
Let zoom in to 1h chart to see what happened today
On 1h chart our indicator had a count, maybe we will have some correction, and heading to 47800
An illusion of Decentralized FinanceAn illusion is a distortion of the senses, which can reveal how the human brain normally organizes and interprets sensory stimulation. Although illusions distort our perception of reality, they are generally shared by most people.
look at charts, near 100% correlation in the price pattern of Bitcoin, Etheruem, Ripple, and Solana could not be accidental nor sign of being decentralized! The center is not just the Central banks..!
While people encourage others to invest in cryptocurrencies because they are not governed by central banks which print money out of thin air, they print money out of bits using blockchain technology!
There are 180 current currencies across the world, as recognized by the United Nations, and more than 6000 (thousand) cryptocurrency projects in the world!
You do the math, and tell me what is going to happen in the next 5-10 years!
Today, Fed Chair Powell and Treasury Sec. Yellen testified in front of the oversight committee.
In this meeting Fed Chair Powell said:
The federal reserve has no plan to ban cryptocurrency like China, however, they are thinking about regulations and also planing for the central bank and governer-backed currency..!
Now you may have a better clue to see what is coming in the future years!
Moshkelgosha
There will be a complex correction..!Multi-Timeframe Analysis:
Hourly Chart: Bearish Flag (Neutral)-(Bearish)
Daily Chart: At the middle of a Downward regression channel (Neutral)-(Bearish)
Weekly Chart: after 7 bullish week we see sellers overwhelmed buyers in the past 4 weeks!
Monthly Chart: spinning Doji (Neutral)
Conclusion: This week will be a Neutral