Chart Analysis: BITSTAMP:BTCUSD KUCOIN:INJUSDT The Bitcoin market shows signs of stirring from its slumber! As anticipated in our preceding commentaries, BTC is making its way towards the 18k zone. However, the strength to break through significant resistance points eluded it, just as we discussed in our earlier videos. Notably, there has been an adjustment...
📈 Chart Analysis: Quick update on the current slow sideways market Recent Developments: Small flag pattern on BTC break up would indicate 35k is next a break down would suggest that our mini bull run is over for now! BITSTAMP:BTCUSD KUCOIN:INJUSDT INJ broke out of the flag and hit target 1 however showing very toppy signs with a double top in stage 3 that is...
Chart Analysis: Recent Developments: The chart has recently exhibited a classic 'Cup and Handle' pattern which broke out and evolved splendidly. Following this, there was a pullback to the breakout level, which culminated in an impeccable falling wedge, as we had anticipated in our preceding video. Subsequently, there was a remarkable breakout, and we...
📈 Chart Analysis: falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long, however we did get an engulfing candle on the reaction from the 150ema so i have gone long already trying to front run patterns is not the best thing to do so be cautious if you are to do the same! We got the retest of the Head and Shoulders resistance in...
📈 Chart Analysis: Potential falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long Are we retesting the Head and Shoulders resistance in prep for a "Black Swan" event that will take us to our low target?: top tip for an early SHORT position you could take the short now and place a stop above the highest high of this retest OR on...
My insights on the current crypto market, highlighting potential double tops and BTC's struggle at a historic resistance level. Understand how to manoeuvre through uncertainty, set a stop loss, and be prepared for other possible outcomes like falling wedges and continuation patterns. Don't miss this essential guidance for trend followers during this bull run!...
Helloooo BloodGang! 📈 Chart Analysis: Cup and Handle Formation: Bitcoin has been forming a classic cup and handle pattern, which is a bullish continuation signal. This is a large pattern , and it's still playing out. If the pattern completes as expected, we could see a potential target of around $35k for Bitcoin. Pennant Formation: Currently, a pennant pattern...
Yo BloodGang! Thank you for joining me again today, this video should give you an idea of where we are at and what we are to expect covering all cases regarding $BTC. I did also add a couple of altcoins that i am looking at right now for possible entries as a little bonus, please note i do not own these just yet so take your time if they are of interest to you...
Thank you guys for joining me on my first Video for the Bloodgang group! These are my ideas on the current state of BTC :) My strategy includes Stage analysis - Stan Weinstein The encycopiedia of chart patterns - Thomas Bulkowski lastly, Oliver Kell who gave me the idea to piece all of this together Give me a like and a follow so you don't miss out on the...
These rules are based on Thomas N. Bulkowski's book 'Encyclopedia of Chart Patterns' Hi guys, cup and handle set up on ICP. 1. Previous to 1st cup lip rise in price > 30% 2. Right cup lip around the same price as left cup lip 3. Length of cup > 7 weeks. 4. length of handle > 1 week. 5. Invalid if daily close below 50% of the cup These rules are based on Thomas...
*Not financial advice Most of the explanation is on the chart Things to consider We are not out of the dark until we cross the 58k mark BTC.D is at a HUGE support level that it needs to break We are only a few days from the monthly close We STILL can break the 20 MA weekly and start a bear market Make sure you have a fairly tight SL incase we take the GREEN or...
*Not financial advice Hi all here is an updated chart from my prediction yesterday. As you can see I have made a few adjustments due to price movement and weekly close. Due to the lagging close of the weekly MA's the orange option seems to currently be in the lead pretty much hitting the current 18MA level and I will now be looking for buys on the pull back ONLY...
*Not financial advise Hi all this I my first idea I have published so do follow and give me a thumbs up if you enjoy my post! I believe that BTC will bounce off of the 20 MA on the weekly chart due to how it has supported BTC over previous cycles. Things I am looking for are a break of the green support line which will then confirm my preferred methods then a...