BTCEUR
How to trade in diamond patterns How to trade in diamond pattern:
1: Break;
2: Pivot;
3: Bounce;
4: Higher volume than last ones.
Bulls may have a full recoveryAny more sell off and our rsi is going to hit a nice undersold value and top of that a bearish divergence with the macd which lines up a good bear trap which is a prime position for the bulls to retrace with strength and cut off weak links.
RSI will be oversold if bears push anymore ,which will develop a bear trap with bearish divergence indicators in favor
Bounce with strength will cause bears a reduced position at the 38-40k line again.with 2ndary test viable for bulls
BTC - I do not like thisPullback or false break?.
If we do not recover the neck line we are facing a BIG fall of btc.
BTC is bearish and bullishI'm seeing a big 'H&S' but also a 'broadening bottoms' pattern. The wedges in price action open outwards which represent increasing volatility. This could break out upwards. But not sure for how long. We can also go sideways for months and it can also drop to the next support level. Time will tell.
[UPDATE BTC] Proof of a Wyckoff accumulation (confirmed spring!)Well, here we go.
Micheal Jordan: the last shot.
Bitcoin: the last dump.
Be a Chicago Bull, not a Chicago Bear.
I ain't scared of the cookie monsterCheck this out and pay close attention, you may like the step-up hehehehe
btc - waiting for a reversalWhile we witnessed a bounce, I expect a reversal SHS.
So I expect a scenario like the following.
I put it this way because at this point I don't see any clear reversal pattern finalized as to enter long.
Wait for next bottom + divergence!As always - wait for the dead cat to bounce to make a bet that it is not dead after all.
In other words - wait for a lower bottom with bullish divergence and decide whether to make a bet or not if that happens based on the sentiment in all financial markets.
Marked "short" due to my belief that we will see lower prices soon - not because I recommend open short positions, as I think the market in untradeable atm.
DYOR.
NFA.
Never take the word of others as a given!
I wish you all well :)
Bitcoin NEEDS To Do This To Become Bullish MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin needs to do this to become bullish
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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BTC Long. Head and shoulders .We are on the right shoulder
having met the cup with handle target, we are going with the SHS formation.
Possible resistance at 36500
Stoploss approx. at 34320.
BITCOIN AND MAKING THE WEIMAR REPUBLIC GREAT AGAINRecommended readings:
The Big Reset: Gold Wars and the Financial Endgame by Willem Middelkoop
The Death of Democracy: Hitler's Rise to Power and the Downfall of the Weimar Republic Hardcover by Benjamin Carter Hett
Patterns of Empire: The British and American Empires, 1688 to the Present by Julian Go
7 Stages of Empire: A Cautionary Pattern in History by Clark Grey Howell
The Digital Disruption: The Past, Present, and Future Of Digitalization and Its Impact on The World We Live In Paperback by OSAMA MOHAMMED ALZOUBI
Turing: Pioneer of the Information Age Illustrated Edition, Kindle Edition by B. Jack Copeland
When Money Destroys Nations: How Hyperinflation Ruined Zimbabwe, How Ordinary People Survived, and Warnings for Nations by Philip Haslam
BTC - Bearish scenario cup with handlecup with handle. It is perforPming a pullback, in case of breaking the pullback line this structure would be cancelled.
BTC To $100k in Blow Off TopMartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
WHAT TO EXPECT FROM BITCOIN - A move to above $100k if all goes well .
We will be trading this in our live trading room
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If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
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BTC following Bearsh Divergence signalHi folks!
For my massive warning based on the global macro state, see linked post.
Otherwise, BTCUSD posted a very clear Bearish Divergence on the 1h the past day or two which seems to play out according to the signal now (sell signal marked with red vertical line).
Also, before the El Salvador news and the latest round of "Pin The Donkey - Elon version", we saw a big breakdown from a symmetric triangle - and given the rather muted reaction to these events, this might act as a confirmation of the said bearish breakout.
Marked short because I believe we will see lower prices - not because I am opening a short position (as I do not short except under very special states such as "Sell the news"-events like the Eth 2.0 launch in Dec/Coinbase launch. My point of making this post is as a warning not to be greedy in a macro state where one should be very fearful as an investor.
Otherwise, I am a massive fan of a Decentralized financial system, so I am very bullish on some crypto projects in the long haul, and also have a decent amount of ADA and DOT staked in their respective protocols.
DYOR.
NFA.
Never take the word of others as a given!
I wish you all well :)
BTCUSDSometimes patterns change meanings and sometimes they have different meanings in different places. In my opinion, the triangle is a run button to continue the process. If it is formed in an ascending trend, it will continue the trend from all sides after the defeat, and in the same way if it is formed in a descending trend.
On the other hand, you should pay attention to why whales are still watching the market and have not yet entered the market ?!
Do not forget that this market is unpredictable and sometimes we have to wait for valid confirmations to continue the trends.
Good luck and be profitable friends.
