readyplayer9

readyplayer9

$MATIC looks topped for now. I'm short. Very risky play. Target is sub $1.15. SL set at $1.488

readyplayer9

Price action is printing hauntingly similar patterns to those just before the crash on 5/11/21. Will it repeat?

readyplayer9

Illustrated are my ideas on $BTC's path to a new ATH. Perhaps by Jan/Feb '22. Which means upside movements soon. Maybe it happens maybe it doesn't. I try to imagine all paths so I can strategize a way to profit from any scenario. The only way to do that is to plot out possible paths, plan a reaction, then execute for (fingers crossed) a profit. Green line - we...

readyplayer9

Headed towards a retest of the 200 EMA resistance... will we smash through it?

readyplayer9 Updated 

$MATIC is extremely popular but its PA follows $BTC all but that one insane time. My thoughts if $BTC trends downwards.

readyplayer9

Maybe S/R levels have flipped and $BTC faces resistance at previous levels of support, $35k area... let's see how it unfolds.

readyplayer9

Learned this trick from a great Twitter account AltcoinPsycho. (alt + i) inverts your chart to challenge your bias. I'm sure everyone knew this but me. For me, it's a great way to challenge my trend interpretations. Enjoy!

readyplayer9

I've notice many of $BTC's biggest sell offs follow a test of RSI resistance. I've spotlighted the pattern in purple dots on the 1D line chart. Let's see what happens here.

readyplayer9

Bitcoin continues to show general weakness on the 1D chart. Unless it reclaims and holds above $41.5k, we could see further downward moves. Perhaps we continue falling, finding temporary support in former zones of resistance.

readyplayer9

Simple illustration of possible PA if this H&S on the 1D plays out. Counter ideas welcomed.

readyplayer9

I am as eager as the market to see a trend reversal. However, this bounce leaves me unconvinced. We should have a trend confirmation soon - until then I remain short.

readyplayer9

If 2021 PA follows a similar path as 2017 we may see $BTC bottoming near $20k. This is an extreme idea but it is based on historical PA - making it a worthy scenario to consider. Let's see what happens.

readyplayer9

After bouncing off the .786 fib retracement, I'm looking at the highlighted zones of resistance which were previous areas of support. I expect some choppy PA within these zone. I'll be long through the chop. If we fail my stop loss is highlighted as well...

readyplayer9

Factored this idea using a fib retracement from the point of which we broke the 2017 ATH and shifted from bearish to parabolic, 12.16.2020. Bottom Ideas .500 Fib: ~$42.5k .618 Fib: ~$37.5k

readyplayer9

I drew this pattern after studying the 2017 $BTC correction. Any thoughts?

readyplayer9

Bitcoin's trend looks hauntingly familiar. Will it form another "W" pattern and touch upper resistance levels around $56k? Short term setup as I think it will get rejected at upper resistance. Let's see...

readyplayer9 Updated 

Maybe BTC has a similar consolidation period much like the beginning of this year. Alts could bounce back pretty quickly. Let's see what happens...

readyplayer9

Looking at the macro trend line on the 4HR it seems the bulls have saved BTC from the bears. Maybe we trade up to $54k with a quick retest of $47k before we even out and steadily grind higher. Just a thought...