BTC - A Plethora of PossibilitiesBitcoin might be completing a head and shoulders formation or perhaps it's actually a fake out. We have had reasonable correlation lately with the DJI and if you pull up minute charts you can witness this. At this point, you would think that we are due for bounce but will it be a dead cat? NFA , DYOR
Bitcorn
BTC Back up for scalp long. Continuation as well?I intended to post this sooner and I apologize. We still have BTC chasing the upper part of the channel before making a more major decision. If we can get up to the green area and hold, there's a very good chance for continuation. If we don't get up past the red line, this is short to medium term bearish for me. NFA, DYOR
Signs of Bullishness - BitcornI think the suspected Wykoff Accumulation (ignoring wicks) has followed up with a spring and is ready to launch. As always, there's a chance of being wrong and the downside is significant once below $58k. I have target around $64-65k for myself if this plays out as predicted, however, higher is down right possible, talking to YOU Jim Crammer ;) . I have a small 50x long from $60k, so I am bullish. Appreciate the risk, NFA, DYOR
BTC Update: Added key levels + possible future moves.I got a few good calls on BTC in the last months, so i’m going to give you one more.
Clear skies ahead imho. We should get to ATH in the next 2/3 weeks in the worst case.
We could get a pullback before ATH, but that should be the last one. The 59k level seems the most likely scenario, but even the upper trend line from the previous uptrend channel (aqua green trend lines) seems a good candidate.
There’s a big sell wall around the previous ATH (63/64k) right now. If we manage to break it then it’s gg for the bears.
Good luck!
If $59k +/- THEN 100kIf we can break up here , hold a bit and maybe consolidate above $58k that would be great. If we can gain volume a bit I think this can happen. If by chance we get up to $59k I would hope for another consolidation at which point we can all board the shuttle. (NFA DYOR)
Blessings and Good Luck!
btc 10\10 update ~good morning, after taking a deeper look into the whole crypto eco-system
i realized that a lot of the alts are ready to make a pretty nice run from here.
personally, i've picked up some sol, aave, and icp today.
good possibility that btc is about to complete a larger wave 4 correction via an abcde, and should begin that fifth wave to 59~60k into wave (1) on a higher degree before a deeper retracement
i'm counting the whole move from june -> today as a 1-2-3-4-5 with the fifth wave ending at around 60k-ish.
some people have counted the recent drop from the 53k peak as a wave 2, but i'm feeling more like it was a wave 4, due to the nature of how it moved.
lets ride.
💸
shorting the corn?bitcorn, i think will pull back soon. probably next week for a more serious move probably just start building a position rn. There's strong shorting volume with decreased buying volume today. divergence, at a solid resistance zone, macd already crossed, accumlation is at a high. solid trade if you feel like taking it, target 100 and 200 daily MA, although DCA out and in.
Prediction 2021The Prediction Duck quite literally "QUACKED" at me this morning looking at the chart.
3-5 month consolidation would verify a support around $35k. Later quarter possibly see a nice rally to test to ATH of $65k. Enough volume, I think $82,5 is a realistic goal for the EOY.
Death cross is ruffling the feathers. Consolidation forming. COINBASE:BTCUSD
🌾CORN - Some Call it 'BitCorn🌽🌮🍿No, it's not a cryptocurrency poised to double in price, it's just the price of CORN (yes, the one we eat).
You can make Fajitas and Tacos with it🌮, use it as a topping on your pizza or omelets or eat it on the cob 🌽, you can even go ''pop'' in the cinema🍿
Over resistance, tested it as support and not gonna stop until it hits 900 this year.
the FXPROFESSOR 🌾
ps. if you like futures check our cotton ideas