TERM
Bitcoin: golden goose says no need to be upsetJust another one view at BTCUSD long-term run.
All you need to understand why I think so is to take a look at the chart and think that this market is a business. No one is going to kill the golden goose.
Wait, go through the depression, wait a bit more and take a ride while the market will go as it should go.
Whales buying. This is what to expect from the crypto market.So, with the break of the bullish channel, we saw a heavy dip in price into the 40000 dollar zone and then an instant bounce up, Which was expected since the whales started to exit the market (Dec 1st), USDT.D Exploded after being in consolidation for a long time (Dec 3rd) and Bitcoin after around a day of consolidation and price compression (Dec 3rd), exploded to the down side and broke the bullish channel,
Now that the whales are entering he market and buying BTC Heavily,
These are the routes that price can take from most likely to least likely
1- Price Tests 40k Demand area, and goes up from there and breaks the 52k Supply area and continues to rise to the last ATH
2- Price Tests 52k Supply area, Fails, Then breaks Below the 40k demand area and goes down to 29-30k Demand area, and has a bounce up back from there
3- Price Tests 52k Supply area, Fails, Then breaks Below the 40k demand area and goes down to 29-30k Demand area, Breaks it, And goes down to 20-19k (Practically impossible)
Since we are in a long term sideways trend, And long term sideways trends don't really have a tendency to break, We have to see what happens, Scenario 1 is still the most likely, But the behaviour of whales should be checked upon periodically.
this is interesting what I see….If 17500 area is the bottom then should be able to hold and accumulate should bulls up sideways and sky rocket to break the resistance
But it is still in a good buy position; if you don’t like where it is now and will drop more then wait for 10k; the lower the price goes in range, the higher the price will go.
Choose wisely and good luck; crypto crash is coming also the merge.. so becareful where you buy.
It’s your chance this year to be a millionaire, trillionare , billionaire.
CADJPY ASCENDING TRIANGLE BREAKOUTpair: CADJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern
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Key Takeaway: seen alot of consolidation for this pair and alot of fakeouts from resistance, we are hoping for a push through this level to see a bullish swing that we can take advantage of
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Level needed: need a close by 105.915
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Trade: Long
RISK:REWARD 1:6
SL: 14
TP: 155
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
$APE Forming AB=CD Harmonic PatternAB=CD is a reversal pattern that helps you identify when the price is about to change direction AB=CD pattern is a four point harmonic pattern which may be considered the developmental basis for other harmonic patterns. A-B leg when a market is trending upwards, the first leg (A-B) is formed as the price rises/fall from A to B.
DXY - Head & Shoulder formatonAre you going to see a downside to DXY?
I see a clear H&S on a daily / Weekly timeframe. If that is about to happen, we should see $DXY down to 101 where EMA 200 is now.
I got into a Long position for $EURUSD pair , with a low amount of money until I see that right shoulder complete.
Not financial advise, just an idea.
P.S. This might affect $BTC as well. When DXY goes down, normally $BTC goes up.
Be careful.
DAX DE40 intraday SHORTWe expect correction after London opening and then looking forward for SHORTs. Out TP is 12850! Have a great day
We are at the bottom. Hello fellow traders.
We have now reached the bottom of the RSI triangle, although we might have another touch and go, technically speaking this is the bottom. Will it extend to 14k or 17k, before we bounce up to 25k levels, doesn't really matter if we look at the macro. Low leverage trading is key when trying to find the bottom. It is always possible to compound buys to average a good bottom position for the long term.
Other than this, I'll keep it simple, this is a really long term projection and take it as such, just a projection.
May the fractals be with you!
-B
BITCOIN PUMP TO 27K!!!!🚀🚀🚀As u can see it has formed a double bottom at its strong support level that has been resulted after the dump, this exact same thing happened before the pump that happened earlier from 42K to all the way up to 69K and no wonder history is repeating itself.
Long Position Trade :
Entry Price - 22,000
Take Profit - 27,000
Stop Loss - 25,561
⚠️NOT A FINANCIAL ADVICE
icp is about to ends the down trend*on 4h timeframe we found that ICPUSDT broke its downtrend with internal trend .
*ICP is standing on very strong support area with a good demand
*rsi is on positive area
*its still under 200ema and its main downtrend even with positive movement of the market .
*its on accumulation process for a long time which give us an indicator that's its about to explode
*this not financial advice its sharing for a view of long term deal
my personal target is 80$
The Good, The Bad and The Ugly - BTC to $430 000 (there's a catc
The Good: $430k is in slight 🚀
The Bad: $7-$9k will come first ⚡
The Ugly: it'll take 4 years to reach the top, 3 years of which in a bear market. 🐻
Despite the high volume in the recent weeks BTC was unable to push through $25 200 or hold the $23 800 resistance that flipped support for a short while! This is very significant and paints a grim picture, especially when paired with the state the US economy and the high inflation.
This price action is usually characteristic for the PS stage in a Wyckoff Accumulation, where institutional buyers accumulate the asset so that they have enough of it to sell through major resistance levels (and subsequently buy back at a discount). This in turn triggers a cascade effect, pushing weak hands, who in a state of a panic try to salvage whatever they can and sell everything they have left at a great loss.
In the short term we should see a bonce back to $22 600-$22 800k before the final leg down. Bottom price is not guaranteed, but the bottom will almost certainly be at the end of November / beginning of December.
To show the potential path I've used an inverted fractal from ADA that covers the accumulation period and the ascend to $3+.
Never a financial advice, dyor.
BTCUSD- Accumulation phaseToday, we'll take a look at the CMF indicator with my own custom settings, which has been showing some interesting data since the inception of bitcoin .
We entered an accumulation phase whenever we fell below the 0 line. Money began to flow back into the market after the accumulation.
In general, we are accumulating near/below the zero line. Anything above 0.25 has been a fantastic take profit zone.
Our first accumulation phase lasted 270 days in 2014/2015.
-1174 days-
Our second accumulation phase lasted 127 days in 2018/2019.
-1235 days-
We are now in our third accumulation phase.
The question is, how long will this accumulation last??