Hello Padawans, Just a crazy chart I just tried to catch something. I will publish an analysis asap, needed to develop this analysis. Anything can happen in this crypto space. Be smart, and manage your risk. Buy and hold bitcoin. #Bitcoin is more precious than you think!!! Cheers! May the force be with you!
On average BTC moves anywhere from 30% to 50% between support and resistance on the daily, except for the few big moves up or down. On previous consolidation levels you can see how precise 31% is. I believe BTC will be trading from 25k to 33k for a while to form a chart pattern. After it forms a pattern I want to see it go to 19k to confirm my previous idea. Go...
If we also consider the stochastic relative strength index on the 4-hour timeframe, we will probably fall into the lower band of the channel.
Chart features: 1 - It's a bear market at this time. 2- A clear death cross is seen. 3- Now a parallel channel has emerged. To become bullish again the DAX would need to get above 14712 and stay above. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not...
I think the chart is pretty self-explanatory. BTC has converted its crucial support as resistance and now it is going to test the order block at 29, 200. That point has so much confluence and it will release some bearish pressure and give room to BTC to breathe.
Downtrend, now the price has broke out of it, potential upward movement/reversal towards 1950 as long as 1890-80 holds. If this level is broken then price will continue lower towards 1860, 1840, 1825. WAVE: Wave 1: 2071 to 1896 Retraced almost 0.618 not exactly Wave 2: 1998 to 1825?
We're again on a key zone and it's hard to tell what market is gonna exactly do. So I have two scenarios that I will share with you. I) I will BUY in this case : I will buy in case of a clear break above the zone with enough volume (*) and a clean retrace . SL : will be updated TP : next zone ( 12721 ) II) I will SELL in this case I will sell in case...
What you think about crossing trends in 2017-2022 Bitcoin Chart?
Currently, we are all aware that we have broken the 50-week simple moving average. The result of such a situation, of course, results in a contact with the lower moving average, so I am talking about the 200-week simple moving average as the target. But this goal does not have to come immediately. As you know, we are experiencing negative situations in BTC...
As we're now on a key zone (12732-12820) we might see two potential moves I am looking for a BUY under this condition : And I am gonna SHORT under this particular condition : Happy trading wish you all Green days!
BTC broke bearish flag and it is going down. RSI indicator is very very low at 4h TF and in oversold region in Daily TF. Pullback expected from 30k to 35 - 37k. If price not hold 30k then another big dump in the way of 20k.
I have monitored the dxy and have come to realize it is a very strong currency and we are likely to see a continuous rise, if there is a solid break above structure, we can expect a fall if we see it break below the hundred dollar price level.
SPX 9 - 13 May The weekly VIX -> Volatility Index for S&P 500 index VIX = 30.2 In this we have to standard it for weekly session 30.2 / sqrt(52-> 52 weeks in a year) = 4.19% My historical product is telling me with 1.5x coficient that the expected movement for this week E Volatility = 31.69 / sqrt(52) = 4.39% With this data, from my calculations, when EV > VIX,...
Bitcoin is all about the Story .. The massive Vol that the Lockdowns brings will never back.. the only way to take a ride on bitcoin is to wait for news.. the chart is just noting.. millions of fake brake outs.. non stop liquidations due to ppls that thinks that bitcoin going to 70k tomorrow.. the stable base of bitcoin is around 10k to 17k and this probably the...
Well it looks like the result was as expected. A 50 pt basis increase which caused the market to relax and "price in" the rate hike just like last time. Now we go back up. The timing of it is a bit sharper than last month. Previously we got a rate hike and needed to wait and entire month before the CPI told us that rates needed to rise faster than expected. This...
HI guyzzzzz Bitcoin needs a valid break of the 39100 resistance line to get the uptrend Otherwise we will continue to be in a downtrend which is likely to see a price of 36,500 given the weekly support line. This pattern, along with divergence, has given day traders hope for the Saudi trend. But there is still not enough capital to break the downtrend unless a...
Head & Shoulders 📉 Back to back Double Tops 📉 A good bounce off the lower orange trend line to confirm a continued upward trend and to disqualify the reversal Head and Shoulder pattern. Ideal Fall down to the lowest support area and prepare for more blood