DickDandy

DickDandy

Further to my previous recent post, I wanted to highlight two indicators that accurately present us with liquidity on the BTC chart. Connecting the pieces of the puzzle of this prediction - this ABC correction pattern allows the market to absorb the Long position liquidity left in tact on the chart. Since these long positions leave a trail of leveraged sell...

DickDandy

I encourage you guys to draw these trendlines on your chart and experiment by doing some exercises. 1. Draw the main two trendlines. 2. Spend time on each by duplicating it, keeping the angle the same, and moving it to different spots on the chart. Notice how Bitcoin works on this ascending diagonal support resistance structure. You’ll find that the correct...

DickDandy

The FOMC data this week could be a conduit that sticks the price to play down these two trend lines. We can see the mass liquidity on the chart in these low zones. Bitcoins consistent rise since late 2022 has been leaving a train of long stop loss orders (leveraged sell orders) underneath - think of the mechanics of “why it’s possible” as a massive chain...

DickDandy

Bitcoin is back underneath these trendlines. Showing confluence with liquidity in the chart on higher time frames. Be mindful of this correction pattern.

DickDandy

Expanding on my last idea focusing on the first move in this sequence, here is a bigger picture of this idea and I will explain in detail how I arrive to this. 1. The market is always going to absorb liquidity. We know this. We also know that since Dec 2022 Bitcoin has been on a steady climb up allowing for lots of long positions to open and stay open. What...

DickDandy

I’ve drawn the main trendline and marked the contact points in red circles if you’d like to replicate this on your own chart I’ve also demonstrated that when the correct trendline is identified, it can be duplicated and placed at different points on the chart that price seems to follow - IE support / resistance works on a diagonal grid I’ve marked my personal...

DickDandy

It’s of my opinion that Bitcoin has a lot of interest in recollecting this long position liquidity. Per my previous posts we have some trendlines to support these zones being hit. Likely? Who am I to have an opinion on that. The facts are that there is a mass amount of liquidity here and technical analysis patterns that support price reaching those zones....

DickDandy

Sure it’s just two lines but they are lines that are repeatable and respected very well. Bitcoin dropping to these lows makes sense, the market wants it to happen, Entry is perfect currently at 104,000

DickDandy

Perfect entry for a short on this BTC trade. Not financial advice. This is what I am trading per this bearish trendline pre-Trump week. You won’t be disappointed

12:30

DickDandy

In this video I detail out why I believe we will see a significant crash on Bitcoin, dig into the mechanics of how a drop to $10,000 is possible, talk about the US Dollar and macro ideas for Bitcoin, and summarize my trading ideas and why I am anticipating its a good trading opportunity. Any questions or comments, please feel free to ask or leave your own input....

DickDandy

Short Bitcoin per trendline: Entry - 60,200 to 60,500 Stop Loss - 61,200 Targets: 1) 46,000 2) 39,500 3) 35,000 Clear trendline breakdown with respected areas circled in red! When in doubt zoom out! Happy trading

DickDandy

Bitcoin is still respecting and not breaking this resistance line marked in RED. Unless we break above 62,000 - I consider this upwards momentum to be a bearish retest and bull trap scenario. It’s possible that we see a flash crash and tap that level around 35,000

DickDandy

I anticipate Bitcoin to drop a correction sequence - 34,500 level as a first low From here, we should watch for a major resistance to hold around 43,000 - this indicates a further drop to the 10,000 level If Bitcoin drops at speed we know why - DXY is seeing a major breakdown and bearish retest. This indicates an extended 1-2 year bull market - prior to which...

DickDandy

This is the same chart I’ve been presenting for a few months now. Bitcoin has been showing interest in correlating with DXY’s major breakdown to sweep these Uber low zones. So long as we are respecting these trendlines, I’m convinced that Bitcoin will form a pattern approximate to these levels: 58,700 to 34,500 34,500 retrace up to 42,000 to 45,000 Rejection...

DickDandy

Bitcoin is currently at an ideal entry for a high R/R short based on the trendline shown - targeting 34,200 to 35,000. From that level, I will look for a retrace up to 43-46k. Rejection at this zone can indicate a much more substantial drop to sub 20,000 zones. All details on the chart - will update with a new idea if Bitcoin follows through on this expected drop.

DickDandy

I suspect that Bitcoin will break down and hit 7,000 to 10,000. I’ve heard many remarks about this being unrealistic or impossible, but the reality is the chart is respecting the prediction and trendlines. While bitcoin can execute a zig zag pattern (34,000 - 45,000 - 8,000) - it technically doesn’t have to. If the TA pattern supports a move to be executed by...

DickDandy

Bitcoin has broken down this trendline shown and retested - suspected area is 58,850 to 59,100 This shows me an early indication that we will see this zig zag pattern take place. 59,000 to 34,500 - 35,000 35,000 likely to rise from there and retest larger bearish breakdown at 43,000 Rejection at 43,000 means short to 10,000 I carry NO BIAS as a trader. I...

DickDandy

This is a critical time for Bitcoin and that’s because of the US Dollar. DXY has shown a major breakdown on the 3 month chart, and is undergoing a bearish retest. Here’s some crucial moves and pivots to watch for to determine where Bitcoin could go. IF BTC STAYS BELOW 60,500 to 60,700 This is a more local bearish trendline on the daily and you can watch for...