#BTC breakout this cup & handle patter!#BTC UPDATE
BTC breakout this neckline of the cup & handle pattern
The Ichimoku cloudis indicating a bullish trend. MACD crossover is gaining bullish momentum. It breakout MA 200 and a solid breakout of the neckline is the sign of a bull run in the market.
But we still need a conformation candle to confirm this pattern
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Update
🟨 UPDATE 4: Whaley Breadth SignPostThis is update 4 for the Signpost after the Whaley Breadth idea post in Feb'23
If you remember The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times!
Based on the Whaley Breadth Post and January Trifecta we drew a potential map for the next 3, 6 and 12 months.
For my followers, I even made a special indicator for the Whaley Breadth here:
UPDATING:
We have had a strong rally up since our last update in May28. This has brought us very close to our signposts, but of course some of the deadlines have been missed. This is to say that we are moving in the right direction as per the historical indications but slower than the averages that I have used.
Make sure you check my previous posts about the Whaley Thrust as how they are developing.
Bitcoin update 16.03.2023Hi, the plan is still the same goals 28-32.5
But there's a little problem here, you see banks going bankrupt, I called it BankFalls, and on that sentiment inexperienced people are now trying to move into a deflationary instrument, bitcoin.
We are in the last already close to the last stage of this mini cycle ( logistic curve) when people will scream that bitcoin is the only salvation in anticipation of a potential world crisis. In fact it is not.
it will be very difficult to find an instrument that will not fall if a financial crisis happens, everything will fall, but something will recover faster
Most likely when most people panic they will go into the 25-32 range. According to propagation theory, this will be the final stage of this mini-bull-run or sub-cycle.
I would like us to reach the middle channel line and then go to 28-32.5 - then stay there for 2-3 weeks and then go down
Best regards EXCAVO
CARDANO's movement in Coming Days!!!🤑The ADAUSDT Broken the Falling Wedge Pattern.
🌟 Bullish signals in the PRZ area are:
- Support zone
- Pivot S1 weekly
- Falling Wedge Pattern
- Bullish SAR dots
❗and the Upward signals of market momentum are:
- Divergence in MACD
✅The price has been able to break this pattern upwardly. This means the price will be flying for now and we shall expect it to reach even higher levels.
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles , this analysis of ours will be failed.
🤑The rich invest in time, the poor invest in money.
🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹🔹
✅Warren Buffett
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✅EUR_GBP MOVE DOWN AHEAD|SHORT🔥
✅EUR_GBP broke the key
Horizontal level of 0.874
Which is now a resistance
Then went down and is now
Retesting it so as we are
Bearish biased after the
Breakout I think that we will
See a move dow to retest
The target level of 0.867
SHORT🔥
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USD.D dominance updateUSD.D dominance update
Now we are at crucial level of USDT.D dominance.
we need to get below 7.55% level as soon as possible. (to continue altcoin continuation)
if that didn't happen, we are probably doomed, other case scenario we would get back to 8.11%
which will decline the altcoin marketcap into further blackhole. this will nuke the marketcap
DAX Update On The Long Forecast! Buy!
Hello,Traders!
DAX hasn't moved much
Since the last time I made
A long forecast on it
So I decided to give a quick
Update: we are still bullish
Biased and I am just
Waiting for the breakout
Out of the consolidation
Buy!
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BTC - Bulls Took Over Short-Term ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last BTC video analysis (attached on the chart) we know that the bulls would take over short-term by breaking above the last minor high in gray.
Yesterday, BTC broke above the high and approaching a minor resistance in red. Now What?
🏹 For the bulls to remain in control, we need a break above the red zone 29250, in this case we will be expecting further bullish movement till the 31,000 resistance zone.
The bears will take over short-term again, if we break below the last minor low (currently around 28250)
Which scenario do you think is more likely to happen next? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
🟨 $ATAT - update on WLAs you see this is the good things of planning trades. We never know what is GOING to happen in the market, we only know what has happened and we need to adjust and react to this. As you see instead of tightening the pattern became more loose and hence I have not entered this name. Lets see how it will continue to react.
GBP-USD Long Forecast Update! Buy!
Hello,Traders!
GBP-USD broke the key
Horizontal level at 1.241
And the breakout is confimred
Because the 1D candle
Closed way above the
Level but now we are
Seeing an expected pullback
To retest the new support
From where I will be expecting
A bullish reaction and a
Move up with the target
Being the next resistance
Of 1.2629 but the local
Target can be 1.255
Buy!
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Volume chart BTC 05/11/2020-01/11/2022This chart show the wake top BTC made late 2021 and early Summer (69k$-64.8k$).
I have the belief that BTC top on Friday the 08/01/2021 at a round price of 41950$.
This in is line with GBTC start the continued selling of there BTC supply.
The time in between 08/01/2021 and the most recent bottom of 17622$ on the 18/06/2022.
Has bin an inverted bear market. This because of the famous market patterns BTC/USDT formed in this period.
Being a Wyckoff Market Cycle.
Forming a quad top from 02/2021-06/2021 and a double top in 11/2021 above the 41950$ markt top.
Following a cycle of downside from 26/11/2021 to the end for the trend 18/06/2022.
Leave a comment down below with thoughts if you have questions about this Wyckoff market Cycle.
After the worldwide panic that was this downside cycle BTC top again at 25211$.
Just above what is now a volume RES zone range of 45% of all volume that happened since the 05/11/2021 14093$
The zone 45% range low is 18393$ and mid range is 19.2k$.
Any price action below the mid range or range low should be a instant BUY for the next 3-5 year.
Targeting 100k$+ / 332k$ (--->1m$+)
If this LVL is broken again for a longer time I see the 15k$-14k$ range come in to play
And because of recent high relative volume coming mainly from the US zone and EURO zone.
Can result in mass panic!!! And a likely V shape bounce.
Think 03/2020 or 11/2018-05/2019.
PLS NOTE:
At last this is post is the result of a 4 HOUR NIGHT of thinking AND IS NOT ADVICE.
ONLY TO BE USED as new way of thinking about BTC and current life.
With 1,75 year experience 05/2021 to my name as of writing this.
an update on XLM's Bullish trendPrice finally managed to break the triangle.the price can easily reach the target(0.13) after a little correction.
Previous Analysis:
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BTC updateHello traders,
Sharing my thoughts on #BTC daily and hourly. IF you like my analysis please like and follow. If you don't just comment what your opinion is, feedback is always appreciated.
Drew a simple ray line that can be interpreded in multiple ways, so i added a trend fib that only uses
0.33 , 0.5 and 0.66 in order to make some sense of the chart. For the moment it ways more about the
possible downsides than the upsides.
Also notice that we have a divergence in the wavetrends on the daily, looks scary but the way the
wave opened on the downside tells us that the interest in selling is low at the moment.
No notable order blocks formed, the institutions are laying low at the moment.
Candle formation and volume:
I need to say that the fact that we are still in this formation and we haven't dropped yet
can mean we go further. As an extra, it's looking like the price is consolidating above the trendline.
Volume wise, the effort seems to be decreasing with time, which can be normal when the market needs to cool down, and frankly that was needed after the previous run.
On the 1 hr chart we can notice some interesting characteristics.
Noted the way i drew the fib so you can understand my logic.
- The fib i drew from the previous formation makes sense in the current ascending pattern
with the 2 fib capping the price at $28605
- we are plotting higher lows but we can expect a retest of "support line a"
- we have a double top formation on the "resistance line a"
- we have high sell volume at the top of the range , makes me think we are not yet
prepared to break out, we would need that effort sustained in order to break
- when we look at volume we can see that there is more effort put in selling than in buying,
if we were to put the same effort in buying this would probably lead to a breakout.
Conclusion:
I think a retest of the 0.66 on the daily is possible, that would take out some early longs. but my sentiment is bullish in the mid term.
Drunk Newbie Cypher correction.Silly old me drew the cypher harmonic wrong! Thankyou for the help and correction @FinanciallyCodependently , appropriate it! this is why I love Tradingview!
The Mistake:
Made the B-D 0.786 when it should be X-D as 0.786 and B-D is irrelevant
The Cause:
I shouldnt draw fib harmonics after a few too many 🍻🤣
Updated chart here!
The correct cypher also makes my target range more like my original confluence area 🔥
BTC Video Update 📹 Analysis #15/50Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich