Long

BTC Realtime Analyse #8

Updated

Hello all my dear friends,
I'm back with BTC Realtime #8,yeah we reach to number 8,this week we will end second month of this weakly idea and i hope we celebrate 2 month end with a great profit in BTC market.
Again need to thanks all of you for your support,togetherness and kind comments and messages.Without you,this weakly idea never start and i really happy that helped many of you during last episodes of BTC Realtime.
So let's start this with a little summery of past days and weeks in BTC,we need this.
As you remember we had a successful inverted head and shoulder last week that i mentioned it BTC Realtime #6.You can see BTC Realtime #6 from chart bellow:

I mentioned there that we have 3 iH&S and after first one we are here to complete second one.So what phase we are in forming second iH&S?We are in forming right shoulder phase,i will open this later.
After that iH&S i mentioned that we are bellow a very important resistance that made with our last long-term triangle support line(started from dec) and neckline of our new iH&S,that made a symmetrical triangle with BTC last lows.look at it:

After all of that we saw a golden cross in EMA 4h time frame last week that was really a great sign.It's enough for now,let's check where we are now.

As i said before we are in forming right shoulder phase.When you zoom in chart and look at it in 4H time frame you can see that we have a little h&S there that have potential to turn an inverted one,yeah i know it's odd.
Honestly i prefer that it's work as H&S to form my right shoulder more powerful but where are in neckline of second iH&S now and with last days drops we formed a little right shoulder by now and it's enough somehow and that little iH&S can make our bounce and break resistance above,in this case we really have a supper bullish situation.We have much possibility that go up from here without any of this 2 little head and shoulders.
In indicators we have good signals now,we are above ichimoku 4h and near to break it in daily chart too.
As always please like my BTC Realtime if you like what i do here and leave for me comment to know what is your opinion.
Again, appreciate all your kindness and hope i can continue this well.
I will update this in realtime with any signal and sign that i find in chart.
You can join my Telegram channel @t.me/peymana71 , i will start to work there as soon as it reach to proper number of followers.I will post there educational contents,Long term investment suggestions and updates of here.
Best Regards
Peyman A

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Wow,What a strength,little H&S scenario dead almost,another fight to this resistance area now.

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As i expect this,we finish right shoulder sooner and now need to retest neckline as support before big bounce.Need top hold this area first and i'm pretty sure if we hold this area,next bounce will be a big one.

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There is 2 major possibility here,first is that we had an unbalance right shoulder and BTC is about to bounce (little chance)and second one that has lot chance to win is that we are about to start forming right shoulder.All these two are really good and bullish but what i don't want to see is BTC next movements in limits of this wedge i draw here in blue(chart below)

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So it's look like we are in #1 scenario.First of all i started to see reversal signs here,and second i have plan to exit this trade step by step.I think we will have a drop from where i draw that flag after reaching black dashed line(old big wedge),i can't say now how big it's can to be but if i don't see a strong break of that i will sell 50% of my entry from 6800.

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But what i prefer to see?Some movements like what i draw here,it will be a great setup for a huge rocket launch.If we break bold dashed line,i will sell 30% of my crypto trading portfolio after that.

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There is one another thing that is most important.In daily chart BTC achieved to finaly break EMA200 and reach above ichimoku cloud,they are too good that afraid me a little.If span A was above b was a greatest sign but all these are really huge.Need to stay above it,last time we did this(chart below) was exactly near old wedge resistance and again we repeat it.Because of this i said if we don't break it i will sell.

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Guess what,before last time we were above ichi, we break that exactly at start of 2017 and managed to stay above it all year to the moon in dec,but what is difference? Lead Span A & B.At that era A was above B all time and that was thing show reliability in trend.

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Now let's back to present.
As you see in chart we push strongly and had 2 attempt to stay above 8000,now and all things are so so.In chart we are at the end of this resistance area and if we can break that next stop is 8200ish,where my wedge sit.HUGE Resistance.

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This is a Billion Dollar question.

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We are there,finally.moment of truth.

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Now i am the only person in TV that show this target 1 month ago,2 iH&S worked perfectly in row and are we gonna wait for third one?is that show bear market end?i need a price above 84000 to confirm this wedge break official.

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Now you can see where we are now.

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First 4h candle close above the wedge.great

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There is heavy sell pressure in binance and other exchanges,need to hold above the wedge.

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First sell pressure effect show itself.BTC rejected after first attempt,need to back to the game soon.Eyes on monitor for weakness signs and sell signal.

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What a huge war here,BTC is still strong with good strength and try to came back.

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*come

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Second candle closed in so so,exactly on the resistance line.Need to see what will happen next.I moved my stop to around 7849.if my stop hit i don't loose anything,we are in profit.40% in almost 3 weeks.

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Next candle in favor of this bearish blue wedge will be a sell signal and first green candle that break this will show us strength in this upward and attempt to form huge iH&S 3.If BTC achieve this goal next target will be 10k and any failure in this way move us easily to 7600,first.

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Look at this chart to see how important is this resistance.I have another idea in my head that is really mind blower but don't talk about it now.need more proof for it.

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I draw some clue about my idea in last chart that you can find it if look at it in right way.

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Next sell sign can be reaction ti this line in RSI.If Rsi can't break this arrow it will be a Hidden Bearish Divergence,but it's very soon to count on it.

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After few attempt we rejected from blue wedge and dropped a little to exactly support line,now we are testing it and hold it till now with good shape,but in RSI we printed exactly what i said last night and in MACD we have little signs of bearish reversal that soon to turn cross over.need to wait and see who's final winner.Support or Resistance?

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So it's look like BTC start to drop.Need to see where it stop,i think to wedge support.

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Or maybe first support area,below.

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BTC stopped above support area,for now and started to retest resistance above(dashed line) and try to break it again,if BTC can't achieve this goal,it will go to lower support.

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BTC trying to climb up again by a falling wedge,need to see how this new attempt can be successful.Now It's made a reversal sign in MACD and RSI,but need to break the limits.

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As you see in chart above,ichimoku reacted like support in 1H time frame for BTC and push it up,at least in first attempt of price to enter it again.

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Here you are, this is my mind blowing idea that i mentioned days ago.

BTC, Ready yourself for a MIND BLOWING idea

Check it and like it if you think it's a good idea.
I will continue this topic (BTC Realtime #8) to next Saturday,like always and posted that new idea in another topic with 3 reason that mentioned there.
Good Luck

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So,another sideway another triangle.This continuation pattern will have a target around flag i add to this chart,if work like what expect from it.As you see in 1H BYC struggling with breaking ichimoku and maybe this triangle help it win this battle.

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For info:
As you remember few days ago we formed another triangle like what i said in last update and reached here with help of that one.Now need to see this one will work like last one,or not?

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So btc rejected after this attempt,now need to see ichimoku can olay support role for it or not?if not we will drop to lower support around dashed line.

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So we reached here at last sec of this candle,not good sign.had much speed this drop and maybe move BTC to the wedge easily.

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Our lower support area hold BTC but it's look like turn again to a falling knife.This drop can be a just stop killer one for those who long BTC by manipulators,in this case it have to come back to triangle soon.One of special parts of this kind triangles is fake breakouts.Need to wait and see what will happen.

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So we are here finally,as you know and i said in my new BTC idea,i prefer BTC drop from this wedge to place i draw flag.It will be a great help.

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Now BTC decide to test upper resistance again.

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Need to break 8300 to can find hope in it again.

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So,BTC continue climbing with a little pennant formation,need to hold this area now and try to reach and break 8300.

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tradingview.com/x/HPX6DXVj/Hi guy's,soryy for mis today's absence, i was busy in my office.
Unfortunately i see bearish div in RSI D and MACD reversal signs.They are are not good signs,at all but in chart we formed a little bullish wedge,too that not fit with signs in indicators.So need to be careful and add a safe stop loss.

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Another beautiful siign in chart is EMA200,that plays as a support in Daily chart.

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I mentioned this few hours ago in my other BTC's idea,this pattern just need a push to confirm and move us above 8350,easy.

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As you saw,our little ih&s failed from first test of Neckline and couldn’t break that,Now BTC getting ready for second effort.
I had many messages in last 3 hours and they keep asking me about new BTC Realtime (#9).I need to explain it here,our weekly idea will publish on Mondays 15:00 UTC,from this week.I decide to publish this in first hours of every new week insted of last hours of every weekend(Saturdays).So i will publish BTC Realtime #9 tomorrow and continue updating this idea for today.
Again Thanks for your Kindness and Togetherness.

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As you see our little bullish wedge(blue dotted line) now evolved to a Bullish Triangle or pennant,we are above ichimoku in 1h again and EMA50 plays as Support,at least temporary.if we gonna climb and reach neckline by these pattern,we cam but again confirm the break out and iH&S is important.In my opinion these are last chances for bulls to win the game and after that continue upward,otherwise we will drop to retest 7900 support again and this time i don't have much hope to that support.So hope our bulls do what the must do and win the battle sooner.

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Again if you look at chart in longer time frames with little zoom out you see many triangles are in this part of chart and they just can't be bearish.

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Ichimoku 4h touched again after July 16th break and first attempt to enter,rejected.Now need to wait and see what will happen,can continue as a support.After cloud we have triangle support to hold BTC.

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Wow,strong.As you see Ichimoku gave live to BTC again and recover indicators with pushing BTC back strongly.Nice

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Let's say Goodbye to final BTC Realtime of second month.Thanks all of you,for support,kindness and togetherness with me.Join me in BTC Realtime #9,from link below.

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Update

Peymana71

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