A HUGE CORRECTION IN BTC ?There might be a huge correction in BTC
- 1/4 Hours Analysis based on Supply Demand & Wyckoff, Price Imbalance, Structure
- 1 Hour Distribution Wyckoff Formed
- UTAD had played out
- Wait for LPSY to form ( retest and confrmation)
- Short at LPSY (scale down to 1-5 mins timeframes for better risk rewards entry)
- Take Profit at 1/4 Hours Demand (could partial or conservatively, take all, there are many imbalance and supply demand have not mitigate, signs show price moving too quick)
- Whale might want to dip in lower price
-BTC consilidate in a long period and pump up quickly lately, sign shows Whale manipulation is high, and they might want to push price lower and dip in future
Btcusd1h
BTC USDT 1h - bearish outlook Check out the support and resistance of Ichimoku cloud on 1h chart - this is why this indicator is really powerful to have on the chart.
Priority right now is downside, unless we manage to break through the cloud and trade above. Be ready for potential fake out upside.
I'm not in any trades on BTC at the moment - it seems to risky.
But I did sell a big chunk on spot - speculating that it will make a move down.
My indicators were trending downwards even before the price did - which was basically a hidden divergence, hinting on price breaking down through Ichimoku cloud.
Another thing: it's weekend again, which usually turns the price movement in opposite direction from week-days action.
On daily - we had 9 consecutive bullish candle - that's usually when bull power runs out!
Stay frosty 🧐
BTCUSD 1H-TIMEFRAME ANALYSISBTCUSD 1H-TIMEFRAME ANALYSIS
Hello ladies and gentlemen
This is my new idea for Bitcoin
My idea is that Bitcoin will continue inside the descending channel
Real support is between 9000 and 9200 It would be good to test it
From there we will start the bull market
I hope my idea is clear
Support me by like and share
Good luck
Tortuga V.2 Indicator BTC 1-4 hour recent successful signalsRecent Successful Tortuga Indicator signals. Not bad.
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BTCUSD - Still have time to play alt coins!Note: this idea is extremely time constrained and may be irrelevant by time you read it.
1 hour just closed with a doji candlestick! We still have time to play alts as long as BTC is carefully watched.
+ Closed right on the 38.20% retracement (peak is drawn from $11185.10)
+ Jumped speed resistance fans like it was made for puppies
+ BTC can definitely drop a few dollars and ride the fan line, no $100 drop (yet)
- RSI has flattened out
- Price stagnation and a bad candle close can lead to a big dump (or a pump but it looks bearish as of posting)
+/- Inside main trend channel. Good because we're safe, but we may hit the bottom of it if support fails.
- Extreme divergence from the two moving averages. Usually when this happens we're bound for a correction.
- Buy volume lacking
Stay safe out there!
BTC up forecast due to Traders Dynamic Index (& price) pattern You see I circled areas the RSI (Green line) bounced off and signalled bull trend continuation off of level 50, & price upon Supertrend line (green price line support) (June 1-4, 2017)
I believe price movement is currently most like that of June 1st. Price will continue to rise as Traders Dynamic Index signals continuation on my chart only, because the indicator window does not update on the public view.
1-Hour] Current Traders Dynamic Index personal Strategy useEntries according to my set strategy, seen precisely at 1-Min chart & checking the importance of indications according to my strategy throughout the higher timeframes.
Black vertical lines are the closes of positions when 'future' was not known at the 1-Min chart and saved/locked-in profit.
Will show: Other Time-Frames to see coordination and because the smaller time frames show closer entries.
BTCUSD final of 5th wave, longWe got a divergency on the squezze, telling us this is the end of the 5th elliot wave, is now matter of time till go back up. We know btc is a strong comodity, if not a "currency". Japanese and Chinese investors are taking great interess in buying large quantities of btc when the prices go to 161.8% on short. Then they rally up with huge leverages on buying orders, that is why we got the cangoroo tails.