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Theking

BTC Fishing Bottom- After all this FUDS over time, right now it's literally impossible to calculate a potential real bottom. - Basically you can do TA all day but if Bad News (Fed) and FUDS (Cryptos) are constantly incoming on Twitter and Google everyday, nothing will work. - Some news are real like FTX Rekt but some influencers use more fake news to create panic, they want buy BTC cheaper before the next bull run. it parts of the game. - Have to remember for the numbers : Luna crash caused 40-50B$ hole in market (Anchor Protocol was huge), FTX was around 10B$. - imho the real bottom was in at 17.5K$. Right now BTC made a bounce around 15.5k$ but one think that i know is : There's absolutely nothing in this area. No support. No consolidation in the past years. Nothing. Zero! - There's not many roads right now, or we bounce with a magical pump to fake everyone, or we dip to 13.5k - 10.5k. - if a mid season bull run starts, wait for BTC walk away from the bearish trendline. Wait for a breakout (21,5k$) and a strong weekly candle closing upper from that price. - i really recommend you to stay outside markets for now. - The best strategy right now is to DCA Buy with strict prices zones orders. --------------------------------------------- Resuming --------------------------------------------- Bear Mode --------------------------------------------- Buy zone 1 : 13500$ (25% of capital) Buy zone 2 : 10500$ (75% of capital) --------------------------------------------- Bull Mode ---------------------------------------------- Buy Breakout : 21500$+ ---------------------------------------------- TP : 47000$ ( don't try greed more ) --------------------------------------------- We learn from failure, not from success Happy Tr4Ding !
COINBASE:BTCUSDLong
by thecryer
16
BTC PA Model- i usually don't speak much when i don't see anything. - Right now we can just speculate on some scenarios. - so you can just imagine those scenarios with the figure i drew ( ending Diamond ) - you can notice some H&S and a big inversed H&S in the middle of graph. - BTC volatily is still low ( around 15ish) - i didn't find any convincing divergences yet. - The PA range have been respected almost perfectly. - it seems like a consolidation between 60 to 70k+. - BTC tried to break 70k++, 5 Times exactly. - Soon or later a breakout will happen ( next could be 85k$ ish ) - Halving is still young and the decoupling not yet started. - if we dip under 60k. - 50k is next small support. - 40k is a strong support. - very simple. - There's a time for trading and a time for waiting. Happy Tr4Ding!
BINANCE:BTCUSD
by thecryer
8
BTC Price Action- Quick update and not a price prediction, just to give a general idea. - Timeframe is only H4 ( and i don't like too much small TF, lot of noise there) - Just to monitor the PA between 72k$ ish and 60k$ ish. - this PA could form a ranging consolidation to the next leg. - if BTC dip again, the next support is around 50k$ ish. - Keep things simples. - I don't scalp, nor leverage, but if u want to gamble. - First you need to know " Where to Gamble ". - Don't forget Halving is very close. - BTC Volatility will grow faster. - BTC.D not yet maxed imo. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer
4
Dominance the system core- for me it has always been very complicate to explain BTC.D to peoples, because it's complicate ! lol - it's weird to understand the moves and many factors have to be compared together an alchemy have to happen to see something happening. - So basically to explain it, i will tell you what "we want to see" or "what we don't want to see" in the future. if the story repeats again. 1/ BTC.D have to grow up, then Altcoins will struggle down trying to find a potential bottom. - While BTC.D grow up, BTC price have to grow up also or at least stabilize ( this is a good sign ) 2 / if BTC price down and BTC.D up, it's bad, it's just the normal way ( No Divergence ) - When BTC price + BTC.D both up together, it's a kind of " inversed divergence ", it means something good gonna happens. ( get it ?) - Basically also if USDT/USDC Dom Grow and BTC price stabilize and not goes down anymore, it's a good sign. - Normality the normal way is : BTC up / USDT/USDC.D Down OR BTC Down / USDT/USDC.D up. - Before we had no reason to check those Stables coins because they had not much DOM in markets, but now have to count with them. - So While BTC.D is growing, altcoins will just make some weak moves. - When BTC will reach is next Dominance's ATH ( witch have to be lower than last years because more concurrence ) - BTC.D will crash and ALT SEASON will start. - it took me many years to understand that, but it's pure logic ( Fibonacci is working perfectly on it ) - again it's not easy to get it. - if you have any questions feel free to add a comment. Happy Tr4Ding !
CRYPTOCAP:BTC.D
by thecryer
21
TheKing Summer Time- Okay, so TheKing dipped around -20%. - For some peoples it could means panic and the end of cryptos. - For Veterans those kinds of "mini crash" are very commons. - We saw already harder moves in 2019 ( White Circle ) - Now those corrections are more large simply because BTC price is higher. - Actually the situation still looking much more better than 2019-20 ( Covid ) -------------------------------------------------------------------------------------------- - i used only ichimoku on weekly Timeframe to make this analyze. -------------------------------------------------------------------------------------------- - Like always everything is in graph. - Basically BTC got a first big resistance around 32k$. ( Flat Cloud ). - Next potential resistances are around 43k$ and 48k$. ( Flat Cloud ). - For now BTC bounced on Kijun and found a support around 25k$. - The price is staying inside the cloud so it just means for now " indecision ". - Kijun Line ( Red ) is starting to make a flat around 25k$, it could mean " Build Support ". - on Weekly TF, ichimoku cloud crossed bullish. - So to get more bearish movements we need 2 confirmations at least : 1 : BTC have to dip under the red cloud. 2 : Tenkan and Kijun have to death cross ( Kijun (red line) have to go on top ). So for now, nothing is predicting a new low but time will speak. Happy Tr4Ding!
COINBASE:BTCUSD
by thecryer
4
BTC H&S Structures- it's always interesting to check the past and learn from it. - Sometimes you will find ways to find the future. - On this messy graph, i posted some H&S and inversed H&S Patterns. - i didn't post them all (but have more), i didn't want add more mess :D - Check support and resistances on H&S dotted lines. - Check colored bubbles like always. - This is not a trade recommendation or a prediction. - imho for now and until Halving better stay out of markets and buy pop corns. Happy Tr4Ding
COINBASE:BTCUSD
by thecryer
2
BITCOIN ASO- ASO means " Average Sentiment Oscillator ". - This indicator can be used on Cryptos, Stocks, Forex. - it's better to use it on a large TF to take out the noise. - The deal with ASO is : it's very simple... - The trend is up when the blue ASO oscillator line crosses the red line upward. - The trend is down when the red ASO oscillator line crosses the blue line upward. - There's a period of time for the bears. - There's a period of time for the bulls. - Now the bulls are coming, just a matter of time. Happy Tr4Ding !
BNC:BLXLong
by thecryer
5
TheKing VS Shorts- A basic way to understand how BTC legs up are working. - BTC Shorts go up. - BTC price just retrace a bit or just slide. ( kind of divergence ) - it means Shorts are growing but running on a slice of butter. Then : - SHORTS Rekt. - BTC makes his next leg up. - it looks simple but actions and big legs up or down are acting pretty fast and most of the time at the last minute. - that said, it's always good to monitor the level of shorts. --------------------------------------------------------------------------------------------------------------------- Momentums : --------------------------------------------------------------------------------------------------------------------- 1- Shorters start to scare to be liquidated and add to their positions facing BTC Longs pressure, fast exit ( panic ) . 2- Shorters start to fomo when BTC price rekt and add more to their shorts ( greed ). - it's really difficult to master "Shorts against BTC price" if you don't first Master " Divergences ", " Hidden Divergences " on regular charting and multiple timeframes. --------------------------------------------------------------------------------------------------------------------- - Keep in mind that when i post just a simple chart idea. - Behind that i check everything and more. - Being right or wrong is not the point. - knowledge and practice is the final goal. Happy Tr4Ding !
COINBASE:BTCUSD
by thecryer