If the 0.618 fib holds (3600 level), I'm expecting a completion of the right shoulder of this big inverse H&S being formed on most high time frames. Technically, it is a buy above a clean break of 4400 (stronk resistance), but a buy with a stop right below the 0.707 is a decent r/r play Long: 3660-3700 Stop: 3550 Target profit: 5600
BTC Short Zone: 4000-4100 Stop loss: 4300 Target Profit: 3630 After my successful ride down from 3900 to 3100, I'm looking for a pullback to the 0.618 fib, or the 3600 level. This is a great opportunity to short now with relatively safe leverage (5-10x). Multiple 4 hour doji wicks and overbought MACD suggest bullish exhaustion.
Short the 3330-3340 level. Strong confluence with bearish OB and fibonacci golden zone. Get ready for that hell candle down to 2.8k
Looking at a weekly time frame, I am noticing a lot of bear candles. Normally this will indicate a strong downtrend, but I can see a bounce happening soon to the low 4k level (maybe even mid 5k level if this ponzi gets enough strength for a rally, once it hits the 2.8k support. Otherwise, if the trend keeps with a strong downtrend momentum, I can see 1k levels....
Bearish patterns, bearish compression on the MACD and a long consolidation between buyers and sellers is nearing the apex. I'm expecting a big drop in a few days to 2800-2900. A massive spike, which, from this level could trigger a reaction rally to the low 4k level. As of now, this is what I see. The only thing I can see going for the bulls is the shorts are...
Bullish butterfly + bullish divergence 2700 very strong resistance, but might be worth a punt for a bounce
Very strong liquidity spike ALL THE WAY to 3800!!! Looks like a massive stop run by the same institution who pumped it Dec 7 (note the volume characteristics) If I am wrong, oh well. Been on a nice roll lately.
Short this ponzi, about to break yearly lows. Wait for confirmation. The next level of support is the 200 weekly moving average which is the vicinity of the 3000 level. SL: 3950 First TP: 3100 Second TP: 2500
Currently forming a bear flag on the weekly time frame. BTC making lower highs since topping out on the 4488 level. Price action is looking quite bearish as seen by the rejection off the order blocks. The bullish OB (white box) is the only thing holding up the ship before another fall to the 3600 level. Looking at the pattern that is being printed (double...
Brace yourself: First bullish bitcoin post in months. Looks like a possible broadening descending wedge. Looking for a bottom of this pattern to complete at 2800-3100 (200 weekly moving average confluence). We should see a significant rally to the 4800-5100 level from the breakout of this pattern. Will this be the bottom? I don't know. I am still holding...
Bear market rally, won't last. $100 was tested on the last low, next stop is $60. Refer to this idea posted in August for Ethereum's long term destination. Remember kids, every time is a good time to short Ethereum.
Descending triangle on the weekly chart, similar to BTC. We saw how that played out, expecting Lumens to follow suite.
Will retrace back to it's previous break out point. Might take a year to hit target.
Short the bearish orderblock 5850-5900 Can possibly wick up to 6100 before a harsh rejection down STOP LOSS: 6200
STRONG bullish candle and reaction off EUROUSD yearly support. DXY also topped out temporarily. Nasty rejection candle at a massive resistance. MACD, being a lagging indicator should crossover to the bull side next week but we are already witnessing a bullish divergence. Going long here for a potential 200 pip bounce.
Rising wedge Bearish divergence Rejection off monthly level Looks like a pullback to the 50% fibonacci level
Liquidity spike on a bearish OB which is fooling traders into thinking it's an ascending triangle. Should breakdown within the next 2-3 4 hour candles. Not guaranteed, since we've been seeing some low volatility, but the probability of breaking down is great. Should this not breakdown, I expect more sideways ranging.
Short this ponzi, next target 6250. Liquidity reach on symmetrical triangle -> bearish