Was charting out if BTC follows 2017 run-up and correction what the timeline would look like. Started at lowest LL immediately preceding HLs run-up and measured to ATH. Stunned to find out it's the same number of bars both times. Plotted out further the time frame until we hypothetically reach a low like we did in 2018. Puts us in early June. We could, in theory,...
Made this overlay to see how this market plays out compared to then. This is the December 2017 peak and decline overlaid on current market. Obviously not a prediction or forecast, simply a look at possibilities.
Some areas a trader should keep in their playbook is where the CME gaps in relation to PA and resistance/support are. Using the CME Gap Finder indicator makes it easy! Bitcoin generally dislikes gaps and has over time gone back to fill them. Interesting to note how the gaps between 23,600 and 33,500 fall well within the range of Fib retracement and are in the hot...
The 4 HTF is screaming caution if you know where to look. Unlikely to see 50,000 based on the candle shadows and volume.
Finding divergences in a trend is one of the surest ways to identify changes that possibly may set us up for steep losses if we aren't aware. Always set stop losses and never assume your hunch will play out contrary to the indicators. Trade safe...
This combo here has been so beneficial in forecasting where BTC may be trending. QQQ seems to print a trend about 15 minutes ahead of BTC. It works on any TF from 1 MTF scalping to swing and LT trades. This is one thing you must get familiar with having on your screen as it's very accurate and saves so much time. I've made up a BTCUSD+QQQ chart but getting it fine...
OK, anyone care to take a stab at this? Almost to the hour, volume is manipulated to prevent a drop of daily or three day close in the red. This is obviously a pattern that you could set your watch to. Looks like great entry and exit points... But really, how can BTC ever find it's true price if it isn't allowed to range like every other traded commodity?
In the wildly improbable scenario that BTC meanders it's way up the wedge instead of breaking down before then, I'll throw a dart and guess we'll see a breakout up and crash or a piercing shooting star doji then crash within the box between U.S. trading session on the 23rd-24th. 65,000 max since it's an even number. Puts it square in that TF. Not advice, my own opinion.
Chaiken Money Flow, Money Flow Indicator and Volume all in divergence from price action. Institutions are NOT buying at this level. Don't listen to the hype. The leg is getting close to being kicked out from this stool. Trade carefully. Only a matter of days until this balloon realizes it's loosing air. Money Flow Indicator heading below 20.0 on the daily and...
I've seen some very creative charts with all kind of flags, lines, badges and circles to show BTC is "mooning". Irrefutable proof it is NOT "mooning" is here on BTC.D chart. Price absolutely cannot rise while dominance falls. We are .08 points away from having every single MA cross over. Do your DD before getting sucked in to all the flashy charts with only one direction.
Something strange I noticed. How can BTC be "mooning" if BTC.D is going to drop below 60.0 pretty quickly. It's dropped .2 in in several hours... I'd say the coin is out of gas and time for alts... Wait for correction first. BTC should retrace hopefully 30%.
ONEUSD broke out this morning. Closed above the resistance and the horizontal trend line at $0.020 on the 4HTF. This coin may run up to 1.618 Fib at $0.034 or to it's previous 270.0% run sitting at $0.038.
I've filled this chart with as many higher end: or Becky, discretionary spending stocks as I was able to. A thousand dollars in each at the start would've produced some very nice returns.
I'm guessing it's all downhill from here... That was impressive.
Not providing any analysis, predictions or commentary. Simply proud of this small moment after watching countless numbers of some of the greatest ideas from really excellent minds on this platform. I've never drawn, charted, laid out... This is just a simple thing but when a person finally gets the confidence in the right time frame, oscillators, and simple...