So following up on the map after watching bitcoin fall through empty space… Finally it landed on something. Scary thing volume not looking great, but there has been many attempts to recover along the fall. So this will account for something. So the funny part in the story… Bitcoin was pretty much right on time with its dramatic cliff jump on the 5th followed up...
Been watching $BTC closer than usual because we have a client with an extremely large position in crypto and we're working on partial liquidation plans in the very near future. Plans are to DCA (Dollar Cost Average) out of it to the tune of roughly $11MM net-after-tax (or $14MM gross), which would mean something like selling $3MM every week for four weeks, or...
BTC Daily could not hold the Momentum bullish trendline...But the purple box would be the consolidation/support box at this level... also the DeMark 9 Indicator is reading we are at the bottom or very close to it... Support at $$39,350-$37,481 range...i can update from there. Lets see if BTC can push back above the $40K and then $42K mark and we could then see a...
I find drawing trendlines are almost always accurate in the long run predicting price action (sometimes in the short run it's extraordinarily accurate as well) add Fibonacci and a lil experience and I would put this chart at 70% accuracy. Plus the market maker(s) exchanges are not giving free money to shorts. * is anyone could see this chart is entirely...
Using the Fibonacci and harmonic patterns , this seems plausible as market makers etc. are motivated to wiggle profits from shorts (free money isn't given to anyone) Definitely don't trade around this pattern it's completely speculative, however if BTC generally follows this price action use this as a reference Good luck and best regards Feel free to look at...
We have a strong demand area at the bottom of the trend which supports Bitcoin in an uptrend
Have adjusted the daily BTC chart as now BTC is forming a ascending channel pattern, keep an eye on the main lower support trend line for signs of a daily close which would be bearish and we would see most likely a decent dump. I would rather see a hold above and some increase in support volume to begin heading to the upper resistance trend line.
The overall H4 trend is still bearish but the confluence of H4+H1 demand zone and the daily trendline could be a nice point for a 1:1 position. ***Always remember to manage your risk***
As per previous post BTC has done as we suspected and here we are testing $40,000 and the support trend line, this is a very important, I would really like to see a hold above the orange support trend line which is required to see a trend reversal to the upside in the short term view.
so according too last bitcoin moves and paths that i show btc choose the black path but in that way we have one strong demand and it can effect on price and that zone can make FTR so price can push to the upside with that zone or can go to the upside right now and make FTR then go too the demand zone, if this happen price will break the demand zone and...
the downward move seems to be picking up momentum as of this morning, there's a good chance this spirals down for the remainder of this week. long liquidations could fuel the accelerated downward move. if this does indeed play out, which i'm not saying it will, then i'd be very interested in getting back into the market closer to 36k. this would be another...
$37,000-38,000 (first support) $28,000-$30,000 (second support) $18,000-$20,000 (third support)
weekly and monthly camarilla pivots show confluence here for long to weekly H3 and H5 which is monthly H3. stop loss regions on both are daily closes under L4 around 39k decent risk reward and area to manage risk off of
Recently I've seen several people comparing the BTC price path to Justin Mamis' "Sentiment Cycle". If you compare the two images, you can clearly see that BTC has closely been following this pattern over the last few months, apart from a couple of small details. I wanted to add some nuance to the discussion. Patterns like this one, and the Wyckoff patterns for...
As we can see, we're so close to our entry for a long term trade, this is one of the best setups for ANT/USDT Futures/Spot, by use only low leverage and a good entry, we'll make a really good profit, by entering from ATL support and profit on ATH level. Entry : 4 - 4.3 Leverage: x1 - x3 Short term/ Mid term: TP: 5 - 6 Mid /long Term: Tp1: 6.5 Tp2: 10 Tp3: 14 SL:...
Based on the value area highlighted with the rectangle on the left chart, I think we will see a drop down below the value area to collect liquidity around the 36k area and find a possible short term support. We could see a domino effect if panic selling comes in and create a wick down to mid 20s and then quickly back up in my opinion.
As we can See GMT creating a Down Trend Channel by confirming the LL 4 times, and we should wait to see a breakout of the symmetrical triangle, and than decide where to go, be careful of Volume there is lake of volume, even +10% today but it's danger to enter a Long position with an Exploded coin and an unconfirmed Bull/bear Market. GOOD Luck Everyone.
People like to follow the social trend and not chart trend and argue blindly without any knowledge of price action.. here is my position trading on Bitcoin, over a year and still STUCKINPROFIT Sometimes knowledge is important than money...think about it before just trading cause you heard someone said. If you are bagging i am grateful for you, continue to...