TheKing Now- Despite the avalanche of FUDs made by the SEC.
- BTC still on his way.
- Like i said before, we are still in bearmarket but in a kind of pivot to witch to bullmarket.
- i spotted this inversed H&S few months already.
- Now the time is to wait.
- let's first see if this pattern is respected.
- Concerning altcoins :
- They dipped fast as BTC.Dominance reached almost 50%.
- Just the normal way.
- Time to charge more alts bags.
Stay Safe!
Happy Tr4Ding !
Theking
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 )
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- i used only ichimoku on weekly Timeframe to make this analyze.
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- 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!
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
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 !
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.
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Momentums :
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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.
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- 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 !
Story repeats itself- i have to post this chart.
- it seems some peoples didn't get what i posted in one of my older chart.
- i will post this chart in comments.
- Remember this is not a price prediction.
- Everything is just about comparing the past and the present.
- in 2018-2019 BTC was fluctuating in bearmarket with 4 Digits.
- Now BTC is fluctuating in bearmarket with 5 Digits.
- We are evolving in a different trend.
- All in graphic and hope you get the idea.
Happy Tr4Ding !
Bitcoin Where to Buy- Everything is in Chart.
- Actually TheKing entered a a correction phase.
- We climbed for 4 Months Straight.
- This kind of retracements are just normal.
- if TheKing still bullish the maximum correction will hit -38.2% Fibo (around 25k$).
- if Theking get hurts by a bad news (FA), the correction could bring the price around -61.8% FIbo (around 21.5k$).
- The worst max pain dip would be around -78.6% Fibo (around 18.5k$).
- Have a quick look at EMAs Rainbow Crossing up to get a more clear view and understand future movements.
-- imho we are still slowly turning to a bullish impulse.
-- Nothing confirmed that we will hit lowers prices for now.
Stay Safe !
Happy Tr4ding !
Bitcoin Will Never Die
- i am posting this new chart like i did in 2018. ( i will link olders charts at the end of this post ).
- it's always more easy to predict a long term chart ( 1 Week TF ) Than a shorter timeframe ( 1 Day TF ), just because cryptos are hyper volatiles markets.
- Everything is in chart and very simple to read, this is imo the worthless scenario we could see.
- Most of my followers know my trading style, i always try to predict bottoms and tops.
- i never advise peoples to short BTC, because my philosophy is to predict "Hope", and bitcoin is here to fight hyper inflation.
- TheKing helped peoples which believed in to get more wealth, trying to make this world more fair.
- if you bought BTC in 2011, 2013, or the top of 2017. you are still winner. Peoples who bought the Top of 2021 will be winners in the long run.
- Bitcoin's PoW algorithm have been created to grow, 21M BTC only and strengthening difficulty every halving.
Patience is the road for wisdom. Bitcoin is the road for freedom.
Happy Tr4Ding !
Bitcoin S&RSupport & Resistance :
- When the two prices meet, consolidation between support and resistance.
- Called support and resistance reversal happens.
- A key concept of technical analysis is that when a resistance or support level is broken, its role is reversed.
- If the price falls below a support level, that level will become resistance. If the price rises above a resistance level, it will often become support.
- So you got the idea, trading is magic.
- Always keep in mind all scenarios.
- Sometimes just watch and don't gamble!
Happy Tr4Ding !
TheKing Still Bullish- Despite the silvergate mini Fud, BTC still on his consolidation trend.
- this Fud just caused a faster mini retracement but it would have happened anyway.
- Next Fud could concern Stables Coins, They are trying hard, no smoke, no fire.
- Whatever, at one point BTC will go his natural way. up!
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- For now look at the Graph :
-- BTC still evolving and bouncing on Tenkansen (Yellow Line)
-- Senkou Span is making a flat line around 32k ( Violin Line)
-- can notice a first support around 21.3K (Tenkan) ( Fibo 38.2% Retracement )
-- can notice a second support around 19.2K (trend) ( Fibo 61.8% Retracement ) (CME GAP 20.9k -19.9k)
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- imo not a time for trading for a long term investor, just watch.
- if you are a Scalper, that's fine, just use a tight SL.
- Any Fuds coming and any lower prices are fire buy at the good zones.
- i will comment this post with some older analysis so you will get the scheme more clearly.
Happy Tr4Ding !
Trading Life- I don't post much right now because nothing exciting is on.
That said i will give u one more advise :
- When u trade you really need to switch timeframes.
- if you see nothing is interesting on 1 week or 1 Day, go to H12, then go H8, then go H6. etc...
- Now check your favorite indicators and look at some divergences.
- Divergences are the base of trading.
- Divergences tell you when you can "try" to enter a trade or not.
- if the market just follow the river, there's nothing to do, just watch.
- Spot for Divergences than bet on a trade is much better.
- Now check my graphic and get it.
- Really simple.
- Spot on Divergences and understand movements.
- Remember that trading is tricky.
- Naturally the market will always inverse what u think :D
- Sometimes, there's nothing to trade.
Stay Safe !
Happy Tr4Ding !
Bitcoin SOPR #3- Quick Update.
- Everything is in graphic.
- Check SOPR + Green Circles.
- Did some smart hands took their benefits ?
- Yes.
- Does it means BTC price will crash ?
- No.
- Does it means we are in a correction ?
- Not really.
- Does it means it's a boring phase ?
- Yes.
Happy Tr4Ding !
TheKing Ways Up- Some Traders are still waiting for lower prices.
- But to go lower BTC must first go higher.
- TheKing is in transition phase : " Bearish to Bullish ".
- Some retracements have to happen on the way up.
- Some Fuds have to happen on the way up to create those retracements.
- Today CPI results could impact a bit the trend ( Stocks + Cryptos ).
- Notice on the Graph MA50/MA20 (4D) will cross up soon
- Those MAs will create some new support zones.
- This Graph is just based on comparison between 2018-2020 // 2020-2022 and an eventual " Story Repeat ".
- Covid19 Black Swan included.
- Just follow the Circles and keep it simple.
Happy Tr4Ding !
Choose your Freedom- Just for Sharing
- Not a Trade setup.
- Need more confirmations to accept this trend.
-- Bitcoin is more than the speculative numbers that most of peoples see in it.
-- "For the people.By the people".
-- Choose your Freedom and your path.
Non nobis solum, sed omnibus.
Happy Tr4Ding!