Too many of you jump into trades because others are doing it. Why would you buy high? As you know I loaded up on longs way lower and I am ready to hedge a short term short within the next couple of days. What are you doing? Fearful. Fearful of the "whales". They are not Baba Yaga aka The Boogeyman, they cannot hurt you. However they MUST be respected...
Indeed, the number three or its compounds occurs hundreds of times in sacred texts. A chain of three's is perfect and complete. This is not to be used as trading advice without doing your own research.
BTC looks like a possible Ascending triangle, or a head and shoulders. I personally think ascending triangle will be the play but that's me DYOR, I think the bottom is pretty much in for now maybe test the low-mid 40ks again maybe 39k. we are sitting on the golden pocket as well some bullish divergence on the weekly and possibly the monthly for now. 58k then id...
Bitcoin has had a significant pullback and looks ready to give it another go at resurrection.
Since topping in September, WAVES has been losing value virtually every week. Investors are dumping their WAVES in pursuit of much better investments. However, WAVES might find some decent support in the coming weeks. We're currently closing in on the summer'21 bear-market lows. I'm expecting this area to hold and cause a reversal. If we're going back to the...
Over a month ago I made an analysis on SOL where I discussed the bearish break out of the bearish / ascending wedge. After several weeks of bearish pressure, SOL is well on its way to the first bearish target of $115. Since the week just started, it can still go both ways. However, the start of the week is fairly weak, as we have given up all of last weeks...
Just a short term TA on the current price action . Bitcoin has formed an ascending wedge and got rejected once again of the 4/1 Gann . We can't seem to break this level finding it has major resistance , Monday is a big day for Bitcoin we decide if we carry on up and break the 4/1 Gann or resume the downtrend. As always set some time fibs , keep in mind this is...
We are still in a downtrend and recently had a 50/200 day death cross. I expect at minimum we will test the 34k-35k area. Overall I am bullish for 2022, but Q1 is most likely gonna be more bleeding or sideways chop IMO
MY VIEW OF BITCOIN'S DOWNTREND SINCE NOV 9TH Recent downtrend of Bitcoin beginning Nov 9th 2022 is shown in turquoise and purple downtrend lines. Dec 21st shows an attempt at reversal that failed Jan 5th. Dec 4th lows Were retested on Jan 10th at 39650 but a reversal played out on the 11th with a follow on day on the 12th and then a rise to a high of 44453...
Hello, Welcome to this analysis about Shiba Inu on the 2-day timeframe perspectives. The cryptocurrency market is not what it was back in 2017 where everything moved in one direction and all cryptos showed up with heavy upside volatility expansions. These times there is an increased divergence between certain cryptocurrencies and this is why there are coins...
I typically look at 4hour candle charts and 1hr charts for back testing. Looking here at the 1 week chart for BTC which basically acts as an index for all cryptocurrency’s. Well, it speaks for itself. After what looked like a promising V shaped recover (see linked posts) BTC has lost all steam. I expect a new bottom to come in soon after the asset failed to...
So I have been going over Log Fibs quite a bit the last few weeks and found amazing patterns regarding the Blue Fib log you see in front of you, take a look at the TA below . What I noticed was that Bitcoin tends to do a double bounce off the Blue Fib log before moving higher, right now with just had that double bounce. Now looking further into each bounce we...
This area has a high likely chance of bearish reversal.
Let's see how BTC is behaving. This is a 1H chart. (Valid for 24 hours) The Fib Retracement shows that the price is consolidating in a sideways channel. The market is showing SELL volumes for BTC. Two resistance levels push down on value, and two support levels hold the price high and show strength. The higher band can work as resistance. The Middle Bollinger...
Hello, everyone! Bitcoin is forming the symmetric triangle. This pattern is insane because it can be the catalyst of the trend reverse from the downside to the upside. As you know I opened long position at $41900 because suppose that this is the trend reverse point, but on the 1D timeframe it is still downtrend according to the price structure. Trend reverse is...
GM everyone, For those of you interested in my Elliott Wave counting. This respect perfectly the Elliott Wave proportion with the golden ratio. My final Target for this wave C is 28900 approximately, which will conclude the FLAT correction and sign the start of the new Bull run to 185k. This is a 600% ish gain on BTC. Imagine the altcoins. Although painful, this...
Update Bitcoin Just my personal calculation, please re-accumulate
BTC doesn't make happy a lot of investors and cryptotraders because 4 last daily candles send BTC price to - 11% from last local high. The reason why BTC dropped again is probably FED: "The market turbulence comes after minutes from the U.S. Federal Reserve’s December meeting, which were released on Wednesday, showed that the central bank could hike interest...