Depending on how much stock you place in patterns for trading. Here is a pattern that shows up pretty often during run-ups. This is Bitcoin currently compared to the last parabolic run up pattern I saw on Meta. This pattern can also be found on TSLA, MSFT, BBBY, DOGE, SHIB, and actually quite a few of the alt coins. Again, everyone trades in different ways, so...
HEX could be in a Wyckoff type of accumulation. If so ,price action is after the selling climax (which was in June) ,and now we are at the end of phase A (we should see a marginally lower low very soon) sub 0.02c!!! Phase B will be the longest phase (3 months or more) . It will be a more bullish phase ,where price will consolidate near resistance (0.04c-0.07c)...
The crypto market has been shaken up by macros like it has been over and over again. BTC has strayed far below its 10 & 20 SMA. Long-term logarithmic support is at $27000, and we are not even in the $20,000s. Volume has dropped off. Will next week's macro news bring new lows? SPX is at major support and a bounce is possible, however DJI has made new lows, and a...
BINANCE:BTTUSDT Today we will see #BTTC Mainnet Launch #BTT Redenomination Plan will redenominate old #BTT and swap with the new at 1:1000 ratio. This is possible move by this news for BTT retest middle line downtrend channel, and going inside upside trend channel to the next target 0.38 on global fib since May. Hope you enjoyed the content I created, You...
Sometimes it takes about a trillion dollars to believe in something. Reversal-sideways or moon booster launch sequence incoming. I'm bullish on btc esp w how bearish the DXY is looking.
Reasons for a bearish probability: RSI is bottoming out. Head and shoulders formation on top of a falling wedge pattern. Target: 6k bitcoin.
If it breaks below 7500 then the "Long Term Rise" narrative is broken - it's not a Store of Value
the more I look at it the more I believe it lol
for me, if it stays above the fat blue line we are peachy keen. dont ask me why, for i know nothing above the less thick blue line keeps the "new ATH, the summer of 2019: bitcoin broke the internet" hope alive
I know I'm not the first person to point out this relationship but I think it warrants another mention following the price action that we've been seeing. Following our breakdown from 8500 USD, we entered a downtrend. 7500 USD acted strong support and we went on to bounce off it ~3 times. Now, I think the fourth bounce would have been fatal for the bulls as it...
Forget about RSI and MACD and Bollinger Bands. What is the product? What does it symbolize? Bitcoin will continue to grow, look at the steady sustainable growth when delete November 2017 bullrun from the equation. If you are not buying at these prices I feel there will be a lot of regret in the future. We may go back to 5k-5400 range in the coming weeks but the...
After about 6 months in the doldrums, the bulls have recently broken critical long term resistance and can look forward to the greener pastures on the horizon. There's a rising wedge to navigate in the short term and there's a good chance we'll need to test the support at 5,755USD. However, looking beyond that, I think we're going to see some medium to long term...
Two bets in mind right now. I want to do a quick short (long on the inverse chart) from here to at least 5.5k, maybe lower if I'm lucky. Then I think the real trade is from the upper 6k, lower 7k region to the lower 4k. Using the inverse chart to help with bias
Voids above market; Daily chart nearing an area of support. Need to see a breakdown in market structure before I enter a trade and expect void to get filled.
Void below maket. Friday blew out some major highs and filled a void on the daily chart which leaves me thinking this pair is headed straight down. I really like this set up if it were on a Tuesday so have a smaller size on it today
We've blown out Friday's low and there is a little void to fill below market. Risky trade I'd say so I'm not sure I'm taking this one but just giving an idea of what i look for.
This pair looks ready to topple on the daily chart to me. Inefficiencies above market on the 15min chart represent a good area to fill in and get a better price with a tighter stop.