BITCOIN TA - BULL TRAP?? For this current run, I am anticipating a 5 wave move to $23,000, stemming from the previous run C wave bottom ( shown in the yellow ). However, BITCOIN did not sell off all the way to the previous DEMAND ZONE of $20,600. And alternative scenario to watch for is if the current run is stemming from : 1. the bottom of the ( A )...
Hi dear community, I hope you are fine. I will be short. I will update my ideas about current situation on BTC chart. I'm looking at 2W BTC log chart by Heikin Ashi candles. I'm comparing 2022 bear market with 2015 coz they are very identical by many factors which I told in my previous analyses. So as you see after making double bottom with strong bullish div...
Keeping this chart and idea pretty simple as those are always the best plans in my opinion. I have been observing the current BTC range which I have shown by purple lines. I am personally not interested in trading within this range, although there are plenty of trades to take, I am choosing to opt out and let this range run its course especially with a lot of...
Bulltrap soon then sharp sellof -dxy will pump from the white box and start a bulltrap. scenario 1) retrace to the golden fib pocket ( blue line ) 2) tap the previous ATH from 2001 ( yellow line 121) after that sharp sellof to sub 90 (green circle) *when the Bulltrap is finished and the it starts crashing the markets will pump hard! *the 2022 top hit the...
BTC price is currently bullish in doubt, we have a very important area that needs to be held (20k$). Losing 20k$ area is sign of bearish . Now, I stay out of the market.
Dear community and my lovely followers, this analysis covers my previous one analysis about Gaussian channel and 1-7 step price action in 2015 and 2021-2022 bear markets. So if you read this one, don't miss the previous one as well. They are highly correlated. Pay attention that the same 1-7 price action movement happened bellow weekly super Guppy indicator. In...
This is how I see it. Two months ago when FTX crash happened, it created a hole in daily S/R levels, as we can see on VRVP on the right, which was easily used to rise the price again, but no significant increase in volume between big moves. The brightness of the candles on my chart is showing volume per candle. Last three days, we got new highs without volume....
Based on their previous analysis, after the double bottom has fully worked out, we can expect to work out the inverted H&S. But there is a strong order block above us, so it is quite logical to expect some grab of liquidity from a bull trap. Therefore , for this setup , it can be painful to use large leverage since the stop is wide enough . The main target of this...
Look how high the sell volume was on that last drop. BIG MONEY is loading up on shorts IMO! Be careful!
Similar to last night, the market appears to have hit its cue for a more convincing bottom today. Using the 3918 bottom as the end of Intermediate wave 4 until proven otherwise, we will begin to look at the end of Intermediate wave 5 and Primary wave A inside of this Cycle B. Based on waves ending in 2BA5, the models agree the most that wave 5 could last 10 days,...
We believe we have finished Intermediate wave 3 after an extended Minor 5 and are somewhere into Intermediate wave 4 which should bottom soon. The full wave identity is 152BA4. Based on waves ending in 2BA4. Intermediate 4 will likely last no more than 3 trading days which would end tomorrow. The quartile movement retracements are at 20.04%, 26.20%, and 32.36%. We...
I think there's a good chance fat cats will push or at least spike in the area of 4360 in a last short squeeze and a deep desire to show some "not so nasty returns" to wealthy clients. I believe after that will be the beginning of the final move down spiking around 3290. That number is big intersection point of a lot of trends and support. It's also the going back...
Dear community and my faithful followers, if you want to make life-changing decisions and become super rich don't wait lower prices. It isn't financial advise but I don't want you to make the same mistakes I made some years ago and don't miss the best buying opportunities. Otherwise you will blame and slap yourselves couple months later not buying #BTC and...
Update on my previous idea. The C wave up ended up extending into 4 waves. But that has now completed. It's make or break for the bear market right now. Personally, I don't see us breaking out of the downtrend. But a fake-out is always possible. Note that this technical analysis is a small part of the bearish case. The wider macro-economic environment bear...
While many investors are hopeful and cheerful about this somewhat positive price movement, be aware. This could very well morph into a classic head and shoulder pattern. Bitcoin can test the lower blue trendline, to consequently get rejected by the upper trendline making the H&S pattern complete. Also, there are quite some important levels to break for BTC. BTC is...
Looking at what Solana has done it is POSSIBLE there is a bottom, which is what this wave count would label and also the breakout of the descending channel would help confirm. I am still wary of the bull trap and falling back down into a deeper hole.. Stay tuned....
Hi dear community and my faithful followers, let's pay attention to this weekly falling wedge pattern which has broken and retested with false breakdown/bear trap/ and double bottom+ RSI bullish divergence. At the same time RSI diagonal resistance has been broken and retested as well. On the chart you explained why I think so)). Read bellow text to understand why...
Primary Chart: 2D Chart of ETH Showing Fibonacci Targets ETH and most cryptos are moving fast so this post will be brief. But ETH is headed to new lows. It has sliced through every single major retracement of the rally off the June 18, 2022 low. Squish has remained bearish on BTC and other cryptos despite very brief counter-trend forecasts on occasion to...