ucharx

ucharx Updated 

This is the downtrend setup that currently BTC is forming , Orange lines are same line with same slope as 2022 drop from 70k back to 16k , yellow lines are uptrend lines from 16k , Gann start is at orange line and the gann end is when yellow line and orange line meets ( meaning that after that time it wouldnt be possible to go lower than yellow line or else BTC...

ucharx

In this chart, I've marked the breakouts, and you’ll notice all three occur outside of U.S. session hours, with two on weekends where trading volumes are notably low. This pattern strongly suggests manipulation: market makers appear to push BTC’s price up when trading activity is minimal, potentially to trigger short liquidations. This isn’t how a true bull market...

ucharx Updated 

With 3 recent liquidation that happened previous week ( one on Wednesday because of S&P drop , one on friday because of tether news and one on Saturday because of Israeel attack on Iran) I dont think buyer are in control anymore , price is pumping on low volume weekend so that whales get out of their positions before the US market opens tomorrow . Idea is simple...

ucharx Updated 

IMO this structure is very simmillar to what happened when BTC first reached 45k from 35k previous year ,Selling pressure is very high at this prices , I dont see enough volume to take us above 70k , multiple weeks of consolidation between 60-68k is very possible before something happens to lift us Also the main news here is US election , chance of Trump become...

ucharx Updated 

This drop consist of 2 major event that caught some whales offguard , 1_ Crash in japanese stock after election ( New prime minister wants more rate cut ) 2_ Surprising Iran missile attack on Israel What happens next is obvious in my opinion since whales are in a big loss which cause by events outside of their control ,they will accumulate heaviliy and pump it...

ucharx Updated 

We're currently observing a bullish consolidation above the Gann circles, with a daily triangle pattern forming. Since we're positioned above the Gann levels, the chances of a breakout to the upside are higher, in my opinion. We still need to retest the previous high around 62.8k. The next Gann line is near 64k, likely our target post-breakout. My trade strategy...

ucharx Updated 

By taking a close look at the chart we can see we are making a possible wxyxz correction consisting of 3 zigzag 5-3-5 waves, From what I see we are in wave 2 of the final 5 waves toward the upside, and the target is probably 65-67k, after that, in theory, we should continue the previous downtrend toward 45k Possible positions are buying now with a target of 66k...

ucharx Updated 

It's time to prepare for the next major BTC bull run. We can analyze this from a couple of different perspectives #1 From a monthly chart perspective, prices usually react strongly to trendlines. Right now, we're near a significant yellow trendline at $48k. If the price starts an uptrend as it has in the past, we could see it break through two channels and reach...

ucharx Updated 

This is exactly what happened last time we reached 57k when the Israel war happened, I'm almost sure this is just a distribution pump and not an actual bull run, the pattern is very simple, OTCs and market makers dumped the price to 56k and bought 4bil German and retail traders' coins, and now pumping it even faster ( most of this pump from 58 to 65k happened on...

ucharx Updated 

Retesting of a broken weekly triangle with a strong rejection candle and long wick (technically we still need to wait for 3 candles to close below or breakdown of 0.53 support for confirmation) I see no reason for going higher than this because most of this move happened on low volume weekend and some nonsense news like the anniversary of last year's...

ucharx Updated 

Typically, after a significant price drop, if we observe a decrease in open interest while the price rises, it often indicates that short sellers are closing their positions. Open interest refers to the total number of outstanding contracts, including both short and long positions. When short sellers close their positions, they buy back the asset to cover their...

ucharx Updated 

The monthly candle is closing in 3 days, and the end of the month are usually a good time to trade based on monthly support and resistances, We have some important zones to look at for the next 4 days 64800,67,69,71. good opportunities for swing trades

ucharx Updated 

We will likely see new ATH in the next 20-40 days, why? 1_ BTC had a fakeout below range support at 56.5. When this happens, we usually see a sharp move toward the range resistance area (73k in this case). This always happens across all timeframes, but since we are in the 4-month daily range, it's even more significant. 2_ We have a big CME gap at 58-60k, and...

ucharx Updated 

Since June 16, we have experienced a strong downtrend, with significant rejections each time the price hit overbought areas on the 4-hour Stoch RSI. However, since the start of this week (July 5), the trend appears to be changing. Despite the RSI indicating overbought conditions, the price has been climbing steadily, showing strong gains when entering oversold...

ucharx Updated 

Chart looks straightforward to me , considering how CPI report for this month is and how Stock market is super bullish, going back to 62-64k in next 20 days is very possible But if for some reason it drops because another shit news happen dump target will be 48500 ,in order to do that it first needs to do a confirmed breakout of 56500 which is very unlikely...

ucharx

This is the pattern I'm observing in the weekly chart: a descending broadening wedge. A bounce from here could take us to 85k. Technically, we could still see 52-48 in the next few weeks, but the lower we go, the higher our target will be.

ucharx Updated 

Seems like we are repeating the same pattern that moves us up from 38500 to 73k but this time in the reverse order

ucharx Updated 

We are in a bearish broadening ascending wedge, if it doesn't hold 60k, the next target is the 48k-52k range and from there we can aim for a retest of the previous all-time high. With recent meme stocks mania, people are losing interest in crypto. the other fuel for the drop is the bearish economic state and no interest rate cut, I think it's very probable that...