Within two days we will see BTC either above 40k and heading up or under 40k falling to a lower level
there's still the bearish trend line to get through. Bears are clearly in favor at the moment. If we're going to close the week below $40k, there's a decent possibility that we're going to visit the $30k support again. posibility but it is not a financial advice
I'm new and this is my first posting of ideas. My strategy has not yet given a buy signal. Currently in sale mode. Let's take a look at previous buy, sell signals and current rsi signals. The decline may continue rapidly after the Fed rate decision. It is not investment advice. It was my notes to myself.
ETF ✓ ATH ✓ Correction ⌛ "The biggest risk of all is not taking one."
If you are new to charts here's one for you. Just look at this long term chart which provides a better guidance on the long term trend. What's the trend? And with the fundamentals that we can't even chart the money supply world wide, well, we can't measure it by itself but BITI is the closest chart to world money supply and the value of FIAT currencies.....
Most Awaited Correction Gonna Happen Soon. lets be aware of it. happy correction.
BTC in bear flag the middle trend line act as resistance and support
A lot of people trade fibonacci and EMA's. I love both of these indicators. However, trend lines are where it's at along with Support and resistance lines. Don't get me wrong, EMA's (moving averages) along with fib lines, are great indications of where price could hit. However, trend lines mark the reality of where price action will be, and support/resistance...
After crossing the daily chikun for the first time this year it could significate more downside untill bounce on the daily 200MA at 35-40k.
In this idea I finally am confident that we are seeing this retrace. We completed our third ascending scallop and now we are falling. At this point what I expect is 3 descending scallops. Fall occurred last night at just after 10:00 PM CST I expect this to run in 24 hour cycles so give your portfolio that long to recover then make any decisions you need to. Best...
We are currently on a confluence level for btc possible short opportunity presented. Follow me for more Have a nice day! Vitez
This is a countertrend setup based on a double top formation coupled with a 50-61.80% retracement of the rejection leg down. The probability works against fading setups but the RR is prioritised for its clear risk profile. The details of the trade are highlighted in the chart. Drop a line in the comments section if there's anything to be added or discussed.
The trading week is coming to an end and we can assume how the candles will close. But first, it's worth reading the BTC analysis from the beginning of the week. The 4h timeframe shows the end of a symmetrical triangle formation. Such a triangle usually breaks after the trend, that is, up. But on the other hand, the trading delta in the triangle is negative...
Possible rounded ceiling - Short term
Nothing much to say, this pump is weak as shit, to understand it read the chart I posted below in related ideas!