$XBTUSD, $BTCUSD: A failed pennant Observing the $SILVER and $GOLD chart we can see similar chop, and violent shakeouts to our phantom fib level. In my opinion, I don't think the run is over. I do believe that if BTC regains the pennant territory, we could chop out some more before a swift leg up.
A very bullish sign here as the 1hr head and shoulder pattern hiding within the 3hr diamond just decided to go on and dust it's shoulder off as price action bounces off the right shoulder of the head and shoulder's top trendline and has now been bounced back into the diamond pulling off a very successful bear trap....this increases probability of a bullish...
There was panic around high noon UK time, as news broke that the IRS will be sending warning letters to American cyrpto traders. This caused a dump on BTC and shockwaves were felt throughout most of the cryptosphere. But hold on - the IRS does not rules the world! This dump could well make BTC and other major cryptos very attractive to international investors...
TRON / BTC UPDATE We had a classic BEAR TRAP. The price dropping without volume. False bracket disruption. This support is the strongest. The false breakup made many come out of the game, typical of big players. Not only TRON but many other TOKEN had false breach. Obbservando the RSI we have a great divergence of ALTA in game. This is the game. Pisicology is the...
What if the composite operator/whale(s) set out to enable massive liquidity by shaking out all the weak hands through an algo that created a weekly closing incredibly bearish doji (gravestone/shooting star)? If so, then they should enable the shorts to pile on towards $9700 or so and the squeeze the heck out of them up and through $20k. I'm buying the dips down...
What's coin on guys? Just another fractal BTC have printed. If it plays out like the small one, we will see another beartrap while broking the channels trend line, and then another parabolic move (IF IT PLAYS OUT!!)
4 hr h&s in play on btcusd. if it validates we will drop to the double reinforced support of the 4hr 200ma and the 7427 horizontal support. Even if this happens there's still plenty of ime left i the new candle for it to still be a bear trap / fakeout....act accordingly set smart limit sells and limit buys based on these zones...is what I would do myself *not...
Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another...
This is what i think will happen, a possible pump to 5.6-5.8k to touch the weekly 50ema, then a bloody dump to 4.2k. we'll see.
Current thought, so far $BTC is showing some good bullish signs. But, too many people think itll BO. Yet, nothing good or useful has been released or shared. Not even the Futures, can’t help but think this will be a trap for a dip to $3,000-$3,500 or worse. Shorting higher. Worst case, I’ll take my loss like a champ. Reverse my order and okay the bull run. Too much hype.
I want to show these 2 charts in comparison to see the similarities between last year of BTC and then this year. Last year BTC developed a wedge consisting of an ABCDE pattern. What i found interesting is that both hit the 0.5 fib of the b-C wave. Instead of doing an ABC up this time to test 0.5 Fibonacci, it did 5 waves up, which means we have an ABC structure...
Is this a Gate for the Bulls, or are the Bears waiting to maul? In a previous analysis, the Bears have had control since Jan. 14th in a segmenting pattern, and back as far as Jan 3rd since the break of the December uptrend. Bulls look to have a gate through the Bear defense, but will it materialize. I will be watching for the conviction myself even though there...
It feels very much like we're in the opposite situation that happened after reaching 20k. It's one of those moments where it takes guts to go long and bears feel like they are right.
If you didn't buy ETH at $82 like we told you, then again at $112, you've got a new opportunity. Low 100's buy in is a safe bet with good support in a falling (bull) wedge. Wait patiently, please like this chart and follow me, and I will update when it a good time to buy in. We are long in the bigger picture, please take at look at the past posts You're Welcome
We had some good action 2 hours ago, where the price made a quick dump but got an even bigger push up. The volume on the way up was much higher as well, so chances are big a bear trap was set there. Also ETH' broke an important support it seemed but also jumped right back above again, also suggesting a bear trap. The past days, i talked about expecting at least...
If you didn't buy BTC at $3150 like we told you, then again at $3,500 (Dec 27th), you've got a new opportunity. Low 3300's buy in is a safe bet with good support in a falling (bull) wedge. Wait patiently, please like this chart and follow me, and I will update when it a good time to buy in. We are long in the bigger picture right now to $5-6ks, please see my...
We draw trendlines in linear scale all the time, which this chart is in. Is the perfection coincidence? I locked the price to the bar ratio on this one to zoom in and out easy