Resistance sits at 1.01 along with the blue .25 fib. There is a head and shoulders pattern at the top but the measured move hasn't been hit yet. I suspect this makes a relief rally then drops by the end of November 2022 down to 0.19, I know that sounds scary but that is where the measured move gets to. some confluence... BTC has a CME gap still open at 9.8k,...
BTC has got a breakout and ready for a run up to 29k, then possibly 36k before the usual 4 year NOVEMBER drop all the way down to the 7k to 10k range. this is the measured move off that huge head and shoulders
my prediction, DXY is in an expanding wedge with 3 solid hits on the bottom. 4 times breaks. I think the DXY will take a fall down to 104 and reject on DEC 6th which is where the double channel bottom and horizontal support meet. the RUBLE has rejected off its new resistance and needs to fall as well. THE dollars are rolling over the the money will flow into crypto.
Nobody has noticed the 4 times breakout on most cryptos including this 1 year long down trend for BTC. This dip just rejected off OLD RESISTANCE NEW SUPPORT and will now gets its run up to the 37k mark!
Here is the moment of truth.. DXY is double topping, the Ruble is smacking the top of the channel, both is going to drop! BTC going UP
Bitcoin will get a small pull back and then a pop up to the resistance levels at 28k and finally 35k before the major drop down to 7.5k Scalping short and Swinging long
Breaking trend after trend, higher high after higher high. once BTC rejected off the 2017 ALL TIME HIGH its been a slow painfull bullish recovery from that MASSIVE fall from 69k. the over all larger structure has completed the 12345 abc 12345 down correction... what happens next? One more abc up then another 12345 down to 7.5k? baby steps... Defiantly bullish...
Bitcoin headed into the dreaded "bull trap" zone (provided it breaks 25k level) on the way up 1 2 3 4 5 (A LEG UP) then a B leg, then a C leg up to 35k
watch this area. the price needs to trade above 25k to get verify bullish again... this drop down from the bullish descending wedge invalidates the structure and a new formation is in play... this is a 1 2 3 4 times a break trend line and may be a bit tough to break. I have other charts pushing the price up to 29k, just play it safe with stop losses because 7.5k...
Bitcoin has a measured move on this channel Just a theory, small chance but its there
DXY is rejecting here and going to go the opposite way $btc
ALL 3 RIBBONS crossing UNDER the price on the 4 day! I expect a BULL RUN after the monthly candle close!
This is the DXY with the BITCOIN history on top of it DXY going to drop on the monthly candle. Its got a great reversal wick here
Wait a minute... Why is the RUBLE / Bitcoin chart not playing the same game as everyone else here... RUBLE/BTC is in a bullish ascending triangle while everything else is in a bearish ascending channel... manipulation?
Top left BTC longs Bottom left BTC USD chart Top right RUBLE RUBLE USD chart Bottom right RUBLE BTC chart the RUBLE BTC chart is highly correlated with the BTC chart. The liquidations were added as the Ruble price rises and it looks like they were adding margin because it doesent show liquidations, just a run up and flat, run up and flat. I believe they are at a...
No break yet of this massive descending wedge but its going to happen. Head and shoulders at the top, measured move hit Smaller bull breaks are happening and slowly but surly its about to make a run
@everyone BTC compare 2019 to 2022 price structure these 2 look strikingly similar in structure. These pattern play out over and over and over, upside down, backwards, but its the same pattern structure. I made it color coded so its easier to see what I see. If you look at where BTC is at now I believe the bull trap zone is just ahead. If it runs to the top of...