Btctrend
Bitcoin Catastrophic Move On FOMC DayBTC/1H forming a parallel downwards channel
After 3rd touch at 25.2 and jebating everyone with that Ascending Triangle. bitcoin invalidated the triangle and started bleed down slowly to ~24K showing Bears are comin into the market again and bulls are running out of fuel.
Please Boost,Comment,Follow if you find this video informative!Really motivates me to do more.
There are some buy pressure still which I think bulls can try to push the price back to 24.8 for the last time before a catastrophic move to the downside ~22.4 or even a capitulation candle to 21.1
Detailed explanation with lot more to covered on video
Thanks for watching
How To Think & Trade Opposite Of The 97% With this tool and the future predictive Gann 50% levels backwards, it is one of the most valuable ways I have developed of thinking. The tools aren't so important. To succeed, you must learn to think differently from everyone else in the world.
The best loser wins.
Once the once loser has rewired their neuro network to act in the opposite direction from their primitive cerebal cortex, they become the 3% that succeeds sustainably.
For this example I used BTC on the 4-hour.
BTCUSD Market Comments Today 19/2/2023Potential selling zone but Btc price has searched many times but has not broken 24k8 -25k2
If in the small frame (m15 ) the price tends to create an upward dow to break the 24k8 -25k2 price zone, then the price will continue to go up to the 30k8 to 31k price range in the long term.
and if the price does not break 24k8-25k2, it will return to retest the 21k3 price area to confirm the market's continued uptrend.
In the 24k8 to 25k2 price range, sell only when the market shows signs of a decrease in Dow in a small frame of m15
BTC - Bull Market? (Gauchian Channel Analysis)Hi Guys! I love everything TA, currently its just a hobby but im using these posts to express my thoughts and solidify what ive learnt thus far. So this is not financial advice by any means, its just to challenge MY VIEWS on the status quo of whether or not we are ina bull market or bear market.
Alot of my previous charts whether BTC or other asset, in my opinion has overload of info. So my aim recently is to do things simple, which has allowed me to up my charting game.
Just note, BTC is my favorite asset to trade, i also believe in its tech and am extremely long term bullish BUT i don't allow biases to take over my decisions when i trade.
Currently i feel like the market sentiment is leaning both bullish / bearish so i felt like digging for myself and trying to use TA to make sense of the direction.
Now going to my analysis!
I got 2 indicators on my chart.
1. Gauchian CHannel
2. Yellow Line - 21 EMA
The chart is on the 6 day time frame -> Which i love to use, cuz it gives me more clarity for long-term/semi long term lens
The chart shows interactions between the 21 EMA and the Gauchian Channel.
Basically, 2 scenarios
1. Bearish which is indicated by the 21 EMA crosses downwards onto a Green Gauchian CHannel, and price action moving into channel channel. EVery single time we've done this, it has indicated as stated by previous history, WE WERE IN A BEAR MARKET. Everytime we enter the channel, price action eventually crashed & went below channel. The EMA will always move down with price below channel as well. When price action is below the channel, we are in the depths of the bear market.
2. Bullish which is indicated by the 21 EMA crossing upward into a red gauchian channel, while price action is moving into channel. Every single time we've done this,it has indicated as stated by previous history WE WERE IN A BULL MARKET. Everytime we enter the channel from below the channel, price action went into channel, it indicates the beginning stages of bull market and when we are above the channel we explode in price. ALso note, when price action moves above, to confirm price should come down to test channel as support.
So, in real time - Price action has moved into the channel but a cross has NOT yet happened. But MA's are kind of a lagging indicator in that it follows the price. So since price action is in the channel, it means that the EMA will also move up along with this recent pump because its averaging the price of BTC . SO if we continue to stay above, eventually the EMA will cross above and it will indicate that the bull market has started.
So technically, we are still not by this chart in a bull market. Watch this chart like a hawk! If we get this cross, we could be starting our new cycle. But there is always risk such as invalidations of previous patterns cuz ultimately we dont know what the markets will do. So pay attention to the 6 day close and movement of 21 EMA (yellow line).
ALSO since there are less false flags, you can determine from this chart that:
1. selling above Gauchian channel is best time to sell
2. Buying below guachian channel is best time to buy
Hope this was insightful! CHECK out my other charts on BTC . Keep an eye out for more charts like this! Let me know what yall are thinking as well!
Disclaimer: This is not financial advise, i am not a financial advisor@ Any investing or trading decisions of yours should be taken with your own analysis, and always protect yourself with stop losses!
THANKS.
Bitcoin and CPI day-Crash down imminentIn this video I talked about BTC on CPI day , technical analysis + price action and trend line
at the end we take a look at spx and dxy
BTC/3H we are at right shoulder doing the same pattern we did from left shoulder , **RISING WEDGE** , and these wedges usually endup with a wick to the opposite side it wants to go as a jebait which will be to the upside ~22800.
`We could go down to 19.5 today or even worse ~18.4 to crush all the bulls`
Thanks for watching
#Bitcoin - Thoughts out loud #5Good afternoon , dear colleagues!
I'm happy to welcome everyone who wants to get acquainted with my vision of the current situation on this instrument.
At the moment, the downtrend is slowly fading and the asset is starting to show strength. Confirmation of the buyer's presence is needed to make a definite decision. Local longs are possible.
What are your thoughts before the weekend?
Dear colleagues, I sincerely thank you all for your attention and wish you all success!
And remember one thing:
"sometimes you win , sometimes you learn ".
BTC - PSYCHOLOGY PHASES OF THE MARKET + WYCKOFF METHOD PHASES
- BTC in key support zone
- Psychologically in the Anger area, possible new pump to look for the 25k , and then keep falling. If it loses the current support it could start a downtrend.
- According to Wyckoff's theory, we are in phase B where the price can still fall, breaking the following supports to look for even lower minimum prices of 15,000
I will follow the development of this graph weekly
BTC Wave Analysis + Trade SetupI think that wave A of (A B C) is complete and we are currently in wave B.
Warning: Wave B itself consists of 3 waves, the third wave being the longest wave.
After reaching the specified target, I strongly warn the owners of altcoins that the risk of most altcoins becoming zero is very high. (No matter how valuable gold is, if it is bought at a bad time and at a bad price, it is no different from a piece of garbage.)
Be successful and profitable
BTC/USDTHead And Shoulders Chart Pattern
The Head and Shoulders pattern is very easy to spot and can be a caution for traders especially when the pattern occurs at the top end of a rally or its bearish counterpart, the inverse head, and shoulders that occurs at the trough of a downtrend.
In the chart above, you can see the basic structure and the setup of the head and shoulders pattern (bullish and bearish). The neckline support (or resistance) is the key as a breakout from this level indicates a shift in the trend.
The most basic way to trade the head and shoulders pattern is to wait for the breakout from the neckline. Some traders prefer to wait for a retest back to the neckline while others simply buy or sell on the breakout. The target is set to a measured move, measured from the head (high or low) to the neckline (support or resistance) and projected from there on.
BTC/USDTRectangle Pattern Up Trend
The price is constrained by support and resistance levels in the Rectangle pattern. This means observing the pattern on a chart, and traders need to look for a price between the two horizontal lines.
The Rectangle marks several highs and lows. These highs and lows indicate a period of consolidation. Also, there is indecision in the market where buyers and sellers are competing with one another.
To identify the pattern, traders need to navigate it on either an uptrend or a downtrend. The price would then form several peaks and troughs. Finally, the breakout candle would confirm the direction of the trend.
L9 - BTC Trend Analysis (Cycle/Halving)This chart is the study of previous cycles of BTC;
• BTC take appx 47-48 months to create new ATH from the previous one.
o As per the projections next ATH will be created in the Months of Sep-Nov 2025.
• BTC takes 12-13 months to create the bottom of the cycle from ATH of the cycle.
o As per the projections, BTC will create bottom in the months of Dec’ 22 – Jan’ 23.
• BTC normally drops between 84%-86% after creating ATH in next 12-13 months.
o At 85% BTC bottom for the cycle is projected at $10,000