Patiencepays
AUDUSD BUYS
As you can see above in my last post the market respecting our analysis, AudUsd retraced to the exhaustion areas i was expecting.
Buyers entered the market which made the Daily candle have a big sellers exhaustion, now we can dive deeper and look at lower timeframes and see where we can have the confirmation. In this post i marked the areas im looking to enter the buys im waiting soo we can go in direction to our Big Target of the last post (0.71845) but i'm looking to make multiple trade to that Big target, as you can see in this post i have a intraday target first.
If it retraces to my areas im not entering blindly i'm waiting for some type of sellers exhaustion on the candlesticks and support formation.
If not i'm not rushing to take a trade.
Remember Patience pays you in this game!
[Bear Market] End in sightThere is not long to go until the bear market is complete
You can see a descending triangle which is a bearish formation,
I believe bitcoin will bottom out around 11,000~9,000usd worst case scenario
You can see the fall off in sell volume and the rise of the rsi, throughout bitcoins history this has always indicated the bottom of bitcoin, especially trading under the 200 ema for this length.
Patience will make you money.
In the year 2023, I will accumulate as many crypto assets as possible for the 2024 bitcoin halving.
Expect another 3~4 Month Bearish Trend
Thank you please like/comment
AUDJPY maintaining bullish structure Good day friends hope you're sticking to your plan and hope you're having a good week..
XJpy pairs sustained a downtrend majority of last week but coming into this week they have decided to resume the uptrending. With my style of analysis I'll be waiting patiently at the 4hr zone marked with a Red and blue fib (a demand zone) to see if I'll find an opportunity to join in on the uptrend... Overall I'm bullish on XJpy pairs until it ruptures bullish order flow and breaks structure downwards... *Not financial advice.
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When price falls into your set up objectively ion a daily basis it proves that TIME & PRICE are MARKET STRUCTURE.
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Can Bitcoin still drop more??? As depicted in the chart we can see that BTC has created a zone between $3,500-$13,000. Bitcoin stayed within this range from about Sep2017 until breaking out Nov2020. Based on the Fractal indicator as of right now the market is searching for a new "low" or demand zone. This will show as the next green fractal is created. The MACD is showing that sellers are still in control and we are still in a downtrend. The Lips(green) of the Alligator crossed under the Teeth(red) signaling the first sign of a potential reversal. If BOTH the Lips and Teeth cross below the Jaw(blue) then a reversal is underway. I believe Bitcoin still has room to fall and buyers will be able to get in once this new low is established. No need to panic I would think the majority of us do not foresee BTC going anywhere anytime soon; so let's stay optimistic and make calculated moves.
BTCUSDT : DANGER ALERT !!Hello All !!
Welcome to the quick update of BTCUSDT. BTC was moving in the range of 39300 to 40800 for a long time. BTC broke 39300 and tested 38200 and again pumped back to 40800 without any obstruction. It was unable to break the 40800 resistance and was rejected again taking the price all the way back to a new low of 37700.
After taking support from 37700, it again bounced back until 40700 and is currently getting rejected. In the daily timeframe, BTC is making a bear flag and may be retesting i fear.
The various scenarios as expected are given in the chart for both bearish and bullish patterns.
Scenario 1: Retest to 40800 and dump again until 37000.
Scenario 2: Enter the channel again, break 40800 resistance, and all the way up until 43000 then 48000.
Please study the chart, take care of your positions and wait for confirm breakout or breakdown of the pattern. Be safe with your positions and save your capital for the longer term.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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Crappy days+ Top author!Before we start, I would like to brag about becoming a TOP AUTHOR! You can check by going to the ideas tab and typing in MULN, switch to All time authors, and you'll see me! Anyway let's get into it, we've seen some bad days the past few, well, days, and it's not good, but stay calm folks, I have an explanation. The price went Sky-High a few days ago, and now people are selling out. Once the sell outs are finished and the price drops, (insert sound effect here) the price goes up again. will it break $5 by then end of this week? Unlikely, but by the end of April, it could AVERAGE that. stay tuned and stay calmed. (Is that a word? Calmed?)
2.00 resistance line broken, Pushing on safety to new resistanceOutstanding today, MULN has hit and broken the 2.00 resistance line and is now pushing into the safety area (2.30-2.70) while advancing towards our next resistance line. What does this mean you may ask> It means dont sell, let it go up, you don't need a cash out. Refer to my Other chart down below.