BTC/USDT (Weekly Consolidation?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin tested the weekly 9MA support area
-We can see Bullish rejection around the 28-29k region
-The weekly candle will close in a few hours
-If this candle close above 32k level
-There is a potential weekly consolidation on the way
-During the long period of sideways action
-Altcoins may outperform Bitcoin in the short-term gains
-BTC might be safe for now against the Bears
-But let us not let our guard down and always look at both scenarios
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BLX
BTC/USDT (50D MA Strong Support)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin did a good job confirming the 50D MA as support
-The price went up from 29k to 38k dollars or 31% increased
-We only have few hours left before the daily candle closes
-If Bitcoin can finish the day above the trendline resistance
-That is a good sign for the Bulls and our bias will shift back
-For now, the Bitcoin Bulls must defend the 33k area
-That will be its potential local support during its strong uptrend
-The market is showing good healthy correction
-And I'll be looking for a potential Altcoin swing trade
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This publication will age well ! Macro Big Picture pattern :) //----I was inspired by A publication form @HBK_INVESTMENT_GROUP ----//
"JUST GONNA SIT THIS HERE.......... Oct 21, 2020"
My mind kept coming back to this publication over and over so this is my spin on the previous idea / publication
note the color back ground fill zones #1. #2. #3. #4. will price action move in the same way a #5th. time :)
its all volatile speculation
is BTC digital gold ?
to crazy to be true?
but at the same time
I would not surprise me in the slightest if this is exactly what plays out ...
//---- I will hodel all the same ----//
this also makes the BTC log curves model as well as the stock to flow model both look tame in comparison.
//---- I am not giving financial advice DYOR! ----//
I am not giving out signals
//---- There are two types of people in this world ----//
1: people who do not understand what BTC is
2: and people who have it !
//---- special thanks !!! to ----//
@alexgrover for the post : A Useful MA Weighting Function For Controlling Lag & Smoothness
@midtownsk8rguy for the post : Pine Color Magic and Chart Theme Simulator
@HBK_INVESTMENT_GROUP : for the original inspiration
This publication is Not financial advice nor is it intended to provide trading signals DYOR DD
I suggest you invest or take trading positions in a way that still allows you to sleep soundly at night :)
Sideways price action is bullish price action
BTC: Hard money , Truth money , Sovereign money , Scarce money , Peaceful money ,
I am simply playing with the pattern and looking at what might take place if what has happened 4 times happens a 5th time
A more bullish BITCOIN approachBullish rounded top leading to 1000X gains
Lets see if this fractal plays out and if the second rounded top is actually correlated to the first one within the channel
This would be great for Bitcoin
Creating a fragile world (disruption) for a fragile ErA of youths.
Fitting seemingly.
Next 6 month pi cycle on weekly?!This chart is on the weekly with PI cycle. If history repeats we might have another week of downward action then an explosion upwards for another six months into mid to late July with a few corrections on the way up of course. In 2017 after the initial 200% breakout on the WEEKLY PI top it retraced for 4 weeks then went on to do another 900% in 6 months. We are now on week three of the correction after the PI cycle top on the WEEKLY. So the question is will history repeat in any resemblance to the last? If it repeats that will put us well above 200k by at least July of this year.
As it looks so far we are fairly close to the 2017 run up. This breakout took more time but also went up 300% a little more in percentage. The question is, was market adjusting to the corona dump?
Either way the next couple weeks will tell where we really are and what the future holds for bitcoin.
*In life, patience is a virtue. In investing, patience is life*
BTC/USDT (Strong Trendline Resistance?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Okay, yesterday's candle turns out ugly a few hours before the daily closes
-This is the one I'm talking about that the Bears can easily enter the market any time
-Today, the bulls are defending the 30k area of support
-This is very important in the short-term to keep the Bullish bias alive
-If the horizontal green support failed in the near future
-BTC price could fall down to the 27k-24k region where the 100MA is located
-I'm Bullish for Bitcoin but the current price action is showing signs of weakness
-If Bitcoin can't break this trendline resistance, we might be in trouble
-We still have few days before the Monthly candle closes
-Things would be really interesting in the opening of the month of February
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Gap city (btc to 24k)just something i came up with on my free time.
buy btc at 22.4k
pt: 115k
ps. i am not currently in the crypto market, but am looking to become a buyer if this idea manifests into reality.
BTC/USDT (Bullish Channel?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Today is a good day for Bitcoin as it manages to pass the mid-line trendline
-This is a sign of strength so I'm expecting the price to test the upper trendline resistance
-We have new short-term support below the daily candle around 32k dollars
-If Bitcoin can break above this descending channel that will give us a strong bullish bias
-Expect more sideways trading in the next few days inside this channel
-Hopefully strong Altcoins will continue to rise during this market condition
⚠️Please always read the description⚠️
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BTC/USDT (Daily 50MA Good Support?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin almost touches the daily 50MA support area
-The Bulls bought the dip and bounced up to a 17% increase
-BTC is now testing the midline of this descending channel
-If Bitcoin will just trade above the 31k area in the next few days
-I'm expecting the 50MA will catch the price and hopefully act as support again
-Basically, we will be having the sideways market condition
-Which will definitely benefit the Altcoins in the coming days
-But do not let your guard down because the Bears may enter the market
-And send the price back to the 29k area or even lower
-So please don't forget to place your stop-loss
⚠️Please always read the description⚠️
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BTCUSD: Same 2019 Fractal To Look Out ForHard not to notice the similarity in the parabolic run from this winter compared to 2019. I hadn't considered this fractal until I matching them up. Both bull runs come from the lower bands of the logarithmic growth curves to around the mid-band, with approximately a +250%.
This would imply a 6-month long down-trend extending to a 50% correction. Therefore re-test of $20K could on the cards, possibly as low as $18K if the fractal continues, while remaining long-term bullish.
BTC/USDT (Downtrend Confirmed)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-As mentioned yesterday, Bitcoin showed signs of weakness
-The price broke support in the 4H timeframe sending the price to the 31k dollar area
-It is currently testing the midline support of this descending channel
-Can we expect a bounce from this level?
-if not, it will likely go down to the lower channel where the 50ma is located
-So always prepare for the worst-case scenario
-Have a cut loss trading plan if the market becomes too risky
⚠️Please always read the description⚠️
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BTC/USDT (Last Bounce at Support?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin is rejected at 38k dollars sending the price to its horizontal support area
-We can see the Bulls are defending the green support zone as the price is pushing up
-The Bulls are getting weaker due to a series of Lower Highs
-If the Bulls can't pass this trendline resistance
-And come back down to retest the support area for the 4th time
-Personally, I won't have the confidence to rebuy
-Because we know the area gets softer the more it is being tested
-The only good sign though is the Altcoins will have more time to recovery
-During Bitcoin's sideways market condition
-Please be careful because the bigger/longer the consolidation range is
-The stronger the breakout direction will be (up or down)
⚠️Please always read the description⚠️
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Bitcoin - Societal DaggerThe strength of bitcoin will continue to grow
The fixed amount is what makes this asset class so appealing
This is going to be a big change for society when the spiral is respected
A dagger for those ill-informed
BLX chart
Using geometric structures based around the spiral, A bit of Raw Gann
BTC/USDT (Sign of Weakness?)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-Bitcoin is showing signs of weakness after the 3rd rejection of the trendline resistance
-The price is coming back to its local support around mid 34k dollars
-This will be the 3rd retest of this area and that is definitely not a good sign in terms of price action
-We can expect a breakout of this triangle pattern within 24-48 hours
-Be ready and make sure you always have a trading plan
-If in case a downside market direction, the potential next key support is around mid 30k dollars
-While an upside breakout above 37k will lead to a potential retest of 40k dollar resistance
⚠️Please always read the description⚠️
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BTC/USDT (Expect Sideways)💎Technical Analysis Summary💎
BINANCE: BTCUSDT
-After breaking its upward trendline of support
-Bitcoin is currently facing rejection on the retest
-The good side though it still holding the 0.5 Fib support level
-For me, this is a crucial area for the Bulls to keep the short-term uptrend
-A break below 36k dollars is a warning signal
-We must not ignore the 1st lower high at 40k dollars
-Bitcoin is now moving sideways and we can see the Altcoins are gaining momentum
-This is the perfect time for strong Altcoins to move higher
-But still, do not forget to follow proper risk management especially using a stop loss
⚠️Please always read the description⚠️
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Please Exercise Risk Management 💱
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