BTC Double longterm rising wedgesThe first in red broke down and it's first target is 3ok. The second rising wedge is in green, it might or might not break down. The paths are outlined in either cases. The Green rising wedge target is 11.44K there is a CME gap in the vicinity.
Red rising wedge spotted by @Lucaland97 on twitter.
BLX
"enter the void".good afternoon humans.
i come here on this day to tell you to be careful.
---
if the local low from 1\24\22 is lost, btc will enter into the void.
once in the void, accelerated spaghettification is expected.
----
once you get sucked into the void,
you never return.
---
to put it simply: lose the low -> fall to 20k.
🌌
btc 5-5 update pt.2greeting humans 👋
as we approach the level i've been discussing in my last few posts, things are looking great.
34.9k is the 🔑 in the local zone.
a break + back-test of that level will result in a deeper drop, but i'd still be a buyer down there with a stop at 32899 (if stopped on the initial setup)
----
a conservative target from 35k would be roughly 40.1k ~ 43k.
----
stop loss is your friend
don't blindly buy in based off my charts;
do your own research.
none of this is financial advice,
just my opinion.
🛸
btc 5-4 update ~good afternoon ladies, gentlemen, moonbois and girls.
bringing to you some secret sauce for brunch today.
---
i'm watching for something along these lines to play out;
it might not happen exactly as portrayed, but this is the sort of vibe this market is giving me today.
a deep push up to back-test that 40k range, followed by a strong impulsive move to down to 34.9k where a significant bottom will be created (in the mid-term).
i'm not bullish nor bearish at this time, just swinging both sides as the opportunities present themselves.
✌
btc 5-5 update ~good morning o/
there's a very high likelihood that bitcoin has topped out locally.
if it did, a drop to 35k is expected.
there's also a very slim chance there's one more leg up to roughly 40700~40900.
weather the top was in, or there is one more more leg up
i expect a drop to 35k at the minimum once it breaks in the days ahead.
trade safe, and best of luck 😎
ps. i'm chilling in cash for the time being, will wait for 34.9k to buy back in.
are you a buyer or a seller?are you buying, or selling down here?
if your answer is selling,
then thank you for the nice price :^).
when you sell, i buy.
---
we are right at the bottom of the channel; if it's going to go up it will be from down here.
break below the channel = it falls into the crypto abyss.
---
ps. no leverage for me yet, just spot.
ps.2. if it closes a daily candle below the channel, i will short it.
btc 5-2 update ~good evening peoples,
been a very fun last couple of days scalping the wedge,
but i think we're going to see a break-out tonight.
got a feeling it breaks up (temporarily).
little phase of accumulation has come to an end, and mark up phase is about to begin.
there's 3 potential targets it could stop at:
41129,
42,064
43,624
whenever it begins to impulse, the wave structure will give us a hint as to where it can potentially top.
stick around for an update in the days ahead.
best of luck 💰
ps. the final fifth wave should find a bottom by may 15th.
wombo combo a wombo combo involves teammates using a sequence of powerful attacks to burst down the enemy team before they have a chance to react, a maneuver.
it's we the people vs. the algos.
what's their next plan?
if i had to make an educated guess,
i'd have to say we see a "breakdown" below the trendline that 99% of the market is eyeing.
when everyone and their uncle sees something,
it almost always becomes meaningless.
remember these words;
the majority of the market is always wrong.
---
that being said, i think we see a bit more downside in the days ahead.
(maybe the current bounce goes a tad bit higher, but overall, i bet it comes down one last time to about 34.9k)
btc 4-30 update~good evening folks~
btc confirmed a close below the monthly 21ema
i've talked about this before, but if in case you missed it - this is a very bearish indication.
i'm looking for mean retracement of the local impulse that we just saw;
>target closer to 44k.
>if it pushes above 44k, then it could theoretically move a lot higher.
>reject it, and 25~23k is inbound.
remember, cash is also a position.
✌
50K Bitcoin Is Not As Crazy As You May ThinkIn April of 2011, Bitcoin went up over 500% in one month (see for yourself on the chart)
Given all the socio economic factors + on ramps + greyscale + DeFi it's just not that crazy anymore to think we get a $50,000 bitcoin price in 2020.
99 days to go. Don't Blink.
a fair warning.what you see displayed on my chart is not my primary outlook,
but this is one of the few scenarios remaining from where we stand today.
---
I'm not saying this is what will happen, but if it did - at least you the people would be ready for it.
---
Best of luck to both bulls and bears,
maybe the strongest get through these trials.
btc 4-28 update pt.2good afternoon o/
in my last post i stated, if we broke above the key level i had displayed on my chart, then we would simply see an expansion to the upside.
btc fought quite hard today, and it's safe to say it has broken out.
i highly doubt it'll go straight up from here, but it's very possible.
bitcorn will be bitcorn, gotta be ready for anything.
target from here sits at 44k (at the minimum).
the reaction from that zone should give us a cleaner picture for the next big move.
btc 4-28 update ~as we near the end of this wedge, as well as the end of this month,
btc is starting to look less an less appealing from my perspective.
---
if we close this monthly candle below 38k, it opens the door for a drop to 25k within the next 30 days.
close this weekly candle below the weekly ichimoku cloud, and it adds confluence to the bearish theory.
---
i'm no financial advisor, so please do your own research - don't just blindly follow my ideas.
Xgood evening ladies and gentlemen.
here's another potential projection that could be at play.
original post:
this idea pretty much implies that we're playing out a much larger corrective phase, and btc will take a real deep dive after wave X is completed.
macro count from this perspective:
overall, this would still be very bullish for btc, despite the deep dive that follows after.
corrections of this magnitude take time, so a lot of patience will be needed if this is indeed the case.
btc 4-27 update ~morning o/
btc approaching he downside trendline
the reaction will be key for what comes next in my opinion.
a break below = a drop into the crypto abyss
hold as support, and we can see follow through to the upside.
3 days until monthly close as well,
if btc closes a monthly candle below 38k, it's game over for the bulls in the short term.
💰
btc 4-26 update ~good afternoon peoples,
looks like i was spot on with the expanded flat yesterday.
if you missed that idea, you can find it below 👇
as we approach the key level, people are starting to get a little spooked
but not me lol,
i'm a buyer.
---
i'm looking for a move up from my downside target to around 44k
the reaction from that zone will determine the next path btc takes.
i'll tell you right now though, it's going to be one of two:
#1- 54k
#2 - 31k.
---
play it safe,
use stops,
don't be too attached to any single idea,
best of luck!
This is what I see as a very possible scenario #btclongtermbulHey everyone,
Here is my refreshed Daily view on BITCOIN.
More Controversial traders won´t agree with me as I guess majority of you is bearish because of RUSSIAN-UKRAINE situation, but chart looks bullish for me and that is what matters personally 4 me if I ignore emotions which are bad for trading proper technical analysis balanced and correct R:R trading setups then it screams buy on me.
As breakout with retest played out for me I see this situation like a very solid long position setup with a very nice R:R which could bring in next 2-4months up to 150-210% gains with 3x leverage
Breakout with retest "zoomed" in
another reason why I see this bullish is that we are forming higher lows since Januray
#btclongtermbul
ChaChain
-------------
Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
KEYWORDS
R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
btc 4-25 update p.2good afternoon,
btc ended up squeezing up in what looks to be a corrective structure as of this moment.
while it does look impulsive, i think this is wave C of an a-b-c expanded flat.
a raid of 37k is expected, this will stop out a ton of people who provide liquidity to we the people who buy their stops.
uphill after.
hidden beargood evening o/
btc is printing a very visible 4h bearish divergence right now.
4h ichimoku cloud is overhead, good chance we see a rejection from around that area.
short term doesn't look so hot, might need another flush to reset the oscillators.
---
i'm cautious going into this new week.