Biggest bull flag in historyThis won't end well for compulsive bears... New ath any moment, but for now be careful of the bull trap anove 39700 USD and keep some funds available if we touch down near 33333 USD, Grayscale is buying at the monthly trendline so anyone one who is dreaming about btc under 33k will be shorting straight into the wallets of institutions that know how to make better use of your bitcoin than you do.
Stay safu
BTCAUD
Bitcoin 2020 vs SPX500 2012Broadening Descending Wedge/Bump and Run bottom.
Recover.
Flag.
Reach 0.1272 Fib and head and shoulder rejection.
Fall. Flag. Fall.
While making yet another Broadening Descending Wedge/Bump and Run bottom.
This is pattern after pattern, and the time duration and patterns in a row, are the same.
We're in for a shocking October. But, buy the f*ing dip.
BTCAUD BUY TRADE SETUP FOR INTRADAY.BTCAUD BUY TRADE SETUP FOR INTRADAY.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
BTCAUD 1HR Long IdeaPrice bounced perfectly at the fib cluster i linked in this post -
We have a couple scenarios here. There is a bearish pennant forming, but also a bullish Gartley pattern.
I like that buy zone around $6500 and my plan is to scale in at that price, if price action confirms the entry . If the pennant breaks to the downside hard, then I'll wait for next opportunity. Profit targets to take some of the pie are at least 50% higher. I do not plan on having a stop loss until price moves up at least 25%.
Lets see what happens.