BITCOIN POTENTIAL LONG SCENARIOHi Everyone.
Thanks for reading my post.
Looking at the current price level that BITCOIN has pierced through which is the Low of 28850. This is a Bold INTERMEDIATE DOWN TREND LOW and piercing slightly below it to 26700 and recovering back above it has open a significant door to Long Opportunity.
I believe BTC is a Long term UPTREND and we have hit a level that if held i.e 28850 as it is currently holding am calling a BUY OPPORTUNITY IN the BTC to at least 39K to 40K region in the near term.
Couple with the fact that the last 2 weeks volume started to dry up from about 900K plus 3 weeks ago to 300K plus 2 weeks ago and 400K plus last week, it is glaring the SELLING PRESSURE has eased.
My SWING TRADE CHART POSITION on 4 hour chart has seen some clear END of DOWN AUCTION pinbar or Single Prints on DAILY and 4 Hour Chart.
Also my hourly Chart has tested the some liquidity lows or Support levels and grabbed some liquidity which is an important part of the Order Block Manipulation and Liquidity grab @ lows between the 28900 and 28600 region.
Am calling a BUY OPPORTUNITY around a retracement back to 29400/200 buying zone.
I am believing if price trades below 28000 then I will be reanalysing this BUY OPPORTUNITY which makes it my Stop Area.
I am targeting at least 39K to 40K price level with this call.
Happy and safe trading,
Thanks you all.
Bolabalogun
POTENTIAL BTCUSD LONGS ARE SETTING UPBTC is setting up some BULLISH structure has have been analysing over some few weeks now.
And I am still BULLISH on it providing some technical levels I am looking at.
I run this analysis based on using:
Fibonacci Retracement levels
Confluence with Order BLOCKS
And Shark Harmonic BULLISH Pattern.
From the All Time High of about 68950 and swing low of 28600 to where we are currently is a deeper retracement to 88.6% @ 33200.
This where the SHARK PATTERN confirms an entry BIAS @ D leg of 32950. The RISK level remains 28600 low which we do not want to trigger as this will lead to weakening of the current BULLISH.
As we haven't seen such a weakness, the BULLISH tone remains and all we have been seeing with Price Action remains a deeper retracement. And such a discount is all Traders dream and being able to catch is how to conquer FOMO.
More reinforcing technicalities is the break above current high on the Daily Price Structure @ 44456 to 45850.For me this a significant Bias that gives me an indication more high prices are possible. Also the creation of liquidity above this areas means there are loads of stops orders that will add as an additional propellant for price if further demand flows in.
Also I like to see DOJI's and HAMMERS in my POI interest as this basically shows me the indication of the type of aggression and huge competition in investors psychology as they are showing they are willing to grab the instrument at such Point of Interest(POI).
The last is to use the current CHANNEL as a guidance of how price may progress till we break.
I hope this gives you a bit of insight into my bias and if it enlightens you further do not hesitate to give a like or a comment.
Wish you happy trading and all the good luck you need and the most important trading psychology you need to be successful.
BITCOIN BULLS ARE PREPARING Last Week was Bullish
Hopefully this week will be BULLISH too.
I am looking @ BUYING @ 38K with Stops below 28K and target back above 45K and potentially back to 50 region again.
I have some SHARK PATTERNS to support my Bias with a 88.6% deeper rejection of all our current consolidation patterns.
Then we have some OrderBlocks that manages to break 3 4hours previous Highs which is a BULLISH Break of Structure. And once that has occured then you know from experience going back up above 45k will be easy cheezy.
If my Bias above is right I will hold the firm believe that we can see a much more higher prices to BITCOIN to 92K which is very ambitious target and also I was researching the Thermocap Multiple which is Dividing Bitcoin price and cumulative miner reward yields the so called Thermocap Multiple and I found out that the BULL RUNS of bitcoin can effectively goes to $151k for the BULL CYCLE.The question is not if we are going to get there but when and the world can be crazy within a decade to ultimately put BITCOIN price close to $70K per bitcoin and therefore I see much upside potential for BTC.
IS $92K WHAT IS POTENTIAL NEXT FOR BITCOINHi all.
I am sorry I haven't been able to post any analysis of sort lately.
But if you are a maintainig a BULLISH BIAS on the Mother of Crypto I am looking @ some specific price point to get involve. My BIAS to go long is looking @ an ORDERBLOCK on 1hr that leads to a massive explosion and break of couple of 4hour Break of Structure according to the Schematics.
Having seen this order block in price range of 37934 and 38352, that becomes an area of interest for me to look for lower timeframe rejection and then BUY reaction.
I also found a potential SHARK Harmonic pattern landed on the 0.886 deeper rejection of the consolidation mode that we are currently in. Overall last week upward thrust a bullish bias if it continues then the next few weeks can potentially seen that liquidity been formed @ 45K area broken. When you have had so much retail execution trying to sell then we have so many stops level above 45K and what do you think will happen to them liquidity grabbers will go for them and that in itself is a good schematics to picture BULLISH BITCOIN in the next coming days or week.
My Risk for this BUY PROJECTION is 28130 which means I will seize advantage of buying and holding BITCOIN lower prices till 28130 should incase we flush down to this region. Which means if I have £1000 of BTC to buy I will potentially buy some @ around 37934 to 38352 maybe a quarter of my capital and if it takes off from here to the Moon I will spent the rest on some other Altcoins.BUT if prices flushes down some more I will update a specific price point to buy more.
Trade with a plan and trade wisely remember once your capital is gone then you may struggle to find more capital to get involve in the game.
If this helps then don't hesitate to like the post and get in touch.
Potential 10x Move stetting up on SHIBA INUThanks for reading all my previous Analysis.
Today I am looking and also bought into SHIBA potential BULL RUN for a longer term. This is my personal speculative opinion and not an investment advice.Obviously there are potential possibilities of huge gains and managed losses.Always have a calculative risk if that is the only edge you can start your trading career with.It put you in the driving sit.
Delving into SHIBA Inu technicals on the last few event that has happened.
The SHIBA INU has retraced almost 88.6% of it's potential value from the high it posted on 28 October 2021(2 days after my birthday) of value 0.00007906 to the low of around 0.00001704.
That above statement is a bargain already in the crypto market and that is the volatility swing that the cryptomarket suffer based on my experience trading and watching this market.And if something looses almost 90% value then it becomes attractive to deal finders and unattractive to the novice investors.Remember the popular quote you have to be greedy when others are fearful that there is no value in these and started dumping and then you now decide to accumulate and be greedy at their lowest deadened emotion is a way to play the trading and investing game successfully.
Therefore after such decline,the SHIBA has now technically given us a huge impulsive move above 61.8% of it's last swing down which is my 2nd fib on the chart.According to a fibonacci measured move theory that brings in the advent of the new bull runs and that is the MAIN REASON why I will like you to get involve in this for the long term and acquire SHIBA at the right time and wait for couple of months or even weeks.
Based on the last cycle, it took SHIBA around about 144days of consolidation from its inception to decline and just about 23days to hit a new high on it's last bull run.
Currently the last Decline has taken about 97 Days and a new BULLISH TONE has now emerged and been part of this will let us identify how long it will take to reach at least separate targets of 0.00005 to 0.00007 to 0.000011 and eventually 0.000013 as a conservative target.
The MEME coin can post a much larger gain and attain 10cent in the near future as it is community driven.
MULTIPLE TIMEFRAME ANALYSISHaving Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion.
I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question.
TOP DOWN ANALYSIS APPROACH
This makes it easier to know which Direction you want to plan your trade in alignment to the HIGHER TIME FRAME.
I hope this will help your ongoing trader development and takes out those confusion when it comes to organising your bias,when to trade and when to be patient and when to start looking for opportunities on lower timeframe to then reduce your risk and keep you focus.
I will start from the Monthly Chart on ONEUSD a cryptocurrency called HARMONY that I believe will 10X it’s current price as we progress in Blockchain takeover
MONTHLY CHART
Monthly TimeFrame Blue 12EMA
A Support that act like a trendline
WEEKLY CHART
Same like Monthly 12EMA
But here Orange 36EMA on Weekly:A
Retracement level to consider adding new
Position in the Direction of the HTF
We saw a slowing week on the last red
That leads to the last week bounce
DAILY CHART
36EMA rejection Bounce on DAILY
Cautious area to take profit
Look for Rejection
Look to BUY Cheaper on OTF
8 HOURLY CHART
36EMA on 8HR with a Candlestick or
PRICE ACTION to look for the Discounted
LONGS and 2 good Confluences
Candlesticks HAMMER Price Action +
36EMA bounce
In Between the 200EMA
633EMA is a VOLATILITY GAP
This is where I observably expect
price to bounce Couple times in
betweenbefore we can make a directional
headway.
A VOLATILE REGION You can identify
in any market as price proceeds. So this gives you
a readiness awareness of what to expect and
for how long. 8HOURS represent a whole trading
SESSION
6HOUR CHART
Higher High 200EMA Selloff
on 6hr Corresponds the36EMA
on DAILY
BULLISH ENGULFING on 6hr 36EMA
after a potential longer term 8hr
(All Asian Session) Price Bounce
And maintaining of Higher Low
Price Structure
4HOUR CHART
Short Term Break of Structure (BOS) on 4hr
Chart is a good caution to let us know that
price won't just rise so easily higher
2 HOUR CHART
For Price to Change Direction
We have seen 1st 2hrs of hitting
200EMA rejection
Another 2hours of Price Slowing
without making a new low follow by 2hrs
of another Price Slowing after a Preceding
Downward Selloff Spiral
A clear indication of good 6hrs of consolidation
That eventually break out higher.Now we have
a good reason to look for BUY OPPS on
Smaller TF
The lower timeframe analysis will follow on hourly to minute charts.
Potential GOLD SHORTNow is the time to play GOLD Shorts in those ORDERBLOCK with other COnfluence as the BAT PATTERN . The key to be successful with this trade is to be patient and also be proactive the 1st in this area can be that sharp small lot size to test the idea like a 0.01lot depends on your account size and subsequently wait to see if the stop loss won't be hit and then looking for further short opportunity as the short now unfold.
Please do not hesistate to comment or ask any questions.
Potential GOLD SHORTThanks all for reading my Analysis on my previous posts here:
(The BTCUSDT has failed to give us the slight short in this zone but pay attention to that huge fight between the BUYERS and the SELLERS in that zone and eventually leads to that further BUYERS STRENGTH anticipated.THe key is those levels are strong and whoever win at those levels is an indication of which Direction to go.)
(Pay attention to the Potential short opportunity
Now is the time to play GOLD Shorts in those ORDERBLOCK with other COnfluence as the BAT PATTERN. The key to be successful with this trade is to be patient and also be proactive the 1st in this area can be that sharp small lot size to test the idea like a 0.01lot depends on your account size and subsequently wait to see if the stop loss won't be hit and then looking for further short opportunity as the short now unfold.
RE:POTENTIAL LONGER TERM BUY OPPORTUNITY IN SUSHIUSDTUpdate
RE~Thanks for reading my previous post on AUDNZD ,ADAUSDT, BTCUSDT , ONEUSDT and now SUSHI USDT
I believe there is a value BUY now on SUSHI USDT to hold for a longer term based on technicals and new fundamental development in the DEFI space. There is huge opportunity for the SUSHI PLATFORM to explode as it delves into different forms of Yield Farming and also helping users to lower cost across many chains of interoperability.
My first scenario of short opportunity is currently playing out and it's nearing my new buy entry for a longer term @ near $4.50. This is the scenario am voting for should in case the Crypto market choose to move 100X.
I hope you enjoy reading this and hopefully profit from it
POTENTIAL LONGER TERM BUY OPPORTUNITY IN SUSHIUSDTThanks for reading my previous post on AUDNZD,ADAUSDT,BTCUSDT,ONEUSDT and now SUSHI USDT
I believe there is a value BUY now on SUSHI USDT to hold for a longer term based on technicals and new fundamental development in the DEFI space. There is huge opportunity for the SUSHI PLATFORM to explode as it delves into different forms of Yield Farming and also helping users to lower cost across many chains of interoperability.
My first scenario of short opportunity is currently playing out and it's nearing my new buy entry for a longer term @ near $4.50. This is the scenario am voting for should in case the Crypto market choose to move 100X.
I hope you enjoy reading this and hopefully profit from it
BTC Relief RALLYThanks for Reading my Post.
I have made some 2 previous post both on AUDNZD and ADAUSD which by now if you are following me those 2 trades have generated some positives return after 2weeks.And if that will be positive for your portfolio I will advise understanding trading psychology, patience and discipline are great TOOLS every trader need to be in the successful rank. Please take note.
To Dive down into the BUSINESS OF THE DAY
I will like to Analyse some current price action in BTCUSD using some Technical Tools:
1. TRENDLINE 2.MOVING AVERAGES 3.CHART PATTERN 4.HARMONICS 5.PREVIOUS MONTHLY WEEKLY DAILY HIGH/LOW 6.ORDER BLOCKS 7.SUPPLY ZONE
Currently the BTC has began a relief rally which may take us to $46000 per BTC and that maybe quite ambitious but before we see such prices from the low of about $33803 we may have some huge hiccups @ $43180/200 area.
I have couple of confluences here ranging from:
1.A BAT HARMONIC PATTERN
2.COUPLE OF PREVIOUS MONTHLY HIGHS
3.SUPPLY ZONE
4.6HR 200EMA
5.ORDERBLOCKS which hasn't been tested since the last sell off around the 20th of JANUARY
6.Previous MONTHLY H/L 43283 and WEEKLY H/L43505
If the above is not enough to be cautious then I will say be prime and ready for this sell off which may take BTC back to retest $39400 area hypothetically and a renew test and hold of this zone may now give us the $46000 area.
The way the market works in trend will also be cemented if we have such a drop to take out the weaker hands buyer who is buying with FOMO and give rise to a renewed buying.
The BEARISH tone is currently subsided having broken the Down trendline as indicated in the chart and retest of the huge zone of $39400 level can be a quick or gradual surprise.Therefore if you are margin trading you can anticipate such move in the meantime. HAPPY TRADING and if you like what you read do not hesitate to give me a comment on your thought and BTC potential is still huge get involve in other ALTCOINS too.
POTENTIAL SHORT SETUP ON AUDNZDThanks for Reading my Analysis.
I will be using the following technical tools to identify the Potential Setups
1.Trendlines
2.Support and Resistance Zone
3.Multitimeframe TopDown Analysis
4.Harmonic Patterns
5.Price Action
6.Chart Patterns
7.Market Profile
8.Pivots
Having hit the Torqouise Blue Monthly Trendline-(HUGE TECHNICAL LEVEL that I belive plays High Probability Role in my Trade setups),I believe a potential of about 272pips short is around the corner.
My ORDERBLOCK/RESISTANCE LEVEL/SUPPLY ZONE comes in from around 13 Jul 2021 with huge Selloff in a Perpendicular Impulsive manner.And with Price hitting the Psychological level of 1.07000 there couldn't be more better confluences aligning together.
Also we have the 2nd High of the Advancing Channel Touch which I can put into consideration as further challenge for price to rise above. My bias however is to look for short entry which has been triggered partially within the 15mins Timeframe Channel structure breakdown,the complete trigger will be the break of the 15mins chart support which will now make my trigger be fully fulfilled.
Having seen a clear shorts in play My Gartley Pattern Harmonics however is extending beyond this levels @ 1.0753. The way I play such scenario is to monitor for continuation.
1.I will have a short entry at the Market Open because of the 15mins TF potential full trigger(This is important as we have some 4hours,1hour,30min Single Prints below 1.06725)
2.Because of the Single Prints I will look for potential Break of the Monthly Trendline to Hit my Harmonic Pattern entry @ 1.0753 and wait for Price Action to confirm couple of Opportunities:
a.)Just because we break above the Monthly we may see a Huge buying wave coming
b.)We may see a huge rejection of crack and snap back below the Monthly Trendline
ADAUSD POTENTIAL LONG BIASThanks for reading my Analysis.
Today I am looking @ ADAUSD from couple of technical view
1.Trend Analysis
1.Wave count
2.Technical Support level
3.Pattern emerging
Having count a significant 5 Elliot Wave Pattern which the 5th wave moves from 68.2%(0.9721) retracement level and terminated @ 127.2%(3.1763) extension. A GARTLEY Harmonic Pattern has currently emerge from my perspective which is currently sitting on a long term support zone of 1.0054 to 0.74. It is glaring from the Monthly Chart we are in a long term Uptrend while our Intermediate term Trend (WEEKLY) is currently balancing as we are still sitting above a huge daily support level of (1.0054 to 0.74) while our Short Term Trend(Daily Chart is DOWN) and hitting a support zone that ranges from 1.0054 to 0.74.
This Technical Support level of 1.0054 to 0.74 is an inflection point for my Long Bias. We may see a potential quick flush down below it or price may hold steady where we are to start seeing a potential Trend change pattern for continuation to the Upside.
But any break below our support level and a retest to give us a role reversal will be the change to a down trend for me.
LONG ENTRY
A bounce from TECHNICAL SUPPORT
1.0054 to 0.74
SHORT ENTRY
ROLE REVERSAL of BREAK BELOW 0.74 and retest with rejection as a resistance
Also to buttress up my LONG BIAS, we are currently sitting on a long term 633EMA that I use to gauge OVERBOUGHT and OVERSOLD level. Price has hit my yellow 633EMA and I am expecting short term volatility in price between 200EMA (black) and yellow 633EMA.The only Challenge we have is I am still looking for volume to backup my long.
For more information on my trading technics and learn how to trade anything that can be represented on the chart and if you love the brief and precise analysis while not get in touch and I will be more than happy to guide you through our journey