ETHEREUM - 2016 REACCUMULATION PATTERN REPEATS?While everybody over and over keeps repeating that this cycle is "different" we had exacly same pattern of reaccumulation scheme on ETH in 2016 before a start of one year parabolic grows.
Actual "expanded flat" looks pretty much the same as that one in 2016. Let's see how it goes.
XBTUSD
Bitcoin (BTC) - June 1hello?
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(BTCUSDT 1M Chart)
Resistance: 35045.0-38150.02
Support: 27033.35-29812.52
(1W chart)
Primary resistance: around 32259.90
Secondary resistance: around 35286.51
The key is whether we can break out of the RSI oversold zone this week.
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(BTCUSDTPERP 1D Chart)
Primary resistance: around 32275.6
Secondary resistance: around 35280.2
1st support: 29840.6-30437.0
2nd support: around 28951.7
As it moved higher than 30437.0, the key was whether support was found above 30437.0.
As of June 5th, it is necessary to hold the price above 30437.0 to see if the MS-Signal indicator turns into an uptrend.
From a short-term and medium-term perspective, we should see support above 32275.6 in order to turn into a clear uptrend.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
Resistance: around 32275.6
Support: 30437.0-30971.3
You should check if there is movement based on the 31573.7-31789.2 section.
We expect a momentary spike in volume to break out of support and resistance.
So, if not, you should trade cautiously as you are expected to move sideways within the support and resistance zones.
If the breakout attempt fails again this time since the 32275.6 point was touched twice, further declines are expected.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
btc 5-31 update~firstly, i'd like to just say there is a new moon in the sky
a time for new beginnings.
----
secondly, the bitcorn influencers are back with the whole "da bottom is in" narrative.
one more quick flush out to that low 20k range
before a real run could begin.
will be flipping my long for 1400% at 33,333 into a short
target on the final fifth at 23k.
22.9k if you want the wick.
🌙
bitcoin low tf analysislow tf analysis is showing a near term down,
1. within 170 - 200 band
2. anti-Gartley
3. previous wicks filled
4. fisher hyper extended
PA doesn't say immediate down, but the 4 aforementioned "indications", say otherwise.
"Is Bitcoin’s price recovery being supported by Lightning Network’s growth" - ambcrypto.com
if this is true, btc will have to "re-adjust" its levels, aka it'll go down/
Near term down, imo.
Bitcoin (BTC) - May 31hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52
It moved higher near 32259.90, breaking out of the RSI oversold zone.
If they do, they should check to see if support is found above the 291812.52 level.
In order to continue the uptrend from the current point in the mid- to long-term perspective, it should rise above 37253.81.
To get out of the RSI oversold zone completely, it needs to rise above 32259.90 to find support.
Since the indicator points shown at 32259.90 and 35045.0 are inverted, there is always potential for extreme volatility.
(1D chart)
Primary resistance: around 32259.90
Secondary resistance: around 35045.0
Strong support: 27033.35-29812.52
- 28923.63-29812.52
- Around 27033.35
If the price holds above 30444.93, it is expected to turn into an uptrend in the short and medium term.
If it finds support at 32259.90, I would expect it to move higher than 35286.51.
The next volatility period is around June 5 (June 4-6).
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
btc 5-30 update ~good morning ~
finally got some action going on after moving sideways for awhile.
---
i don't think i've shared my primary count for the local zone down here, just trajectories.
so here you are.
---
the way i'm seeing this right now,
bears got too comfortable,
and now the market is going to make them feel uncomfortable.
🐺
never underestimate the bulls, as this is their market at the end of the day
bears are just visitors, so they gotta respect the space.
eyeing 33k as a potential top (fueled by short liquidations), before another decline into the crypto abyss
BTC time to breakout? BTC is ready for the breakout in 4H timeframe.
I don't know is it a true breakout or just fake, But it's a good spot to open long with a risk ratio 1:5
I will pray for all people who lost money in LUNA and UST to have a chance to recover their balance on market. In a fair fight.
Thanks,
V.
Bitcoin (BTC) - May 30hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary resistance: around 32275.6
Secondary resistance: around 35280.2
Support: 27054.1-29840.6
The 27054.1-29840.6 zone is an important support and resistance zone.
The key is whether the 27054.1-29840.6 zone can support and move up.
In the short-term and medium-term perspective, it needs to rise above 30437.0 and find support to turn into an uptrend.
The next volatility period is around June 5th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
The section 28951.7-29840.6 passes the CCI -100 point.
Therefore, it is important to keep the price above the 28951.7-29840.6 interval.
However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required.
On the 1h chart, there is a possibility of volatility as of June 1st, so you need to trade with caution.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
hidden bearish divergence.btc is printing a pretty hefty hidden bearish divergence on the daily,
just what i like to see, after a bullish divergence and a pop lol.
pulled like 400% on the pop, and i'm rolling some profits into a short.
was hoping for higher prices, but it doesn't look very probable right now.
once btc pivots, i reckon it goes down until the next full moon, which is in about 2 weeks
---
ps. this dip might be the final phase in the accumulation schematic (aka, the spring phase).
Bitcoin (BTC) - May 29hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52
The key is whether you can get support in the section 27033.35-29812.52.
In particular, it is important to find support above 28923.63 to break out of the RSI oversold zone.
From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend.
(1D chart)
Primary resistance: around 32259.90
Secondary resistance: around 35045.0
Strong support: 27033.35-29812.52
- 28923.63-29812.52
- Around 27033.35
The key is to find support at the 28923.63-29812.52 zone and move higher than 30444.93.
If it moves lower from 28923.63, they should check to see if support is found near 27033.35.
In the short-term and medium-term perspective, it needs to move above 30444.93 and find support to turn into an uptrend.
The next volatility period is around June 5th.
Most of the coins are falling near the bottom.
At such a time, I think that it is necessary to check the movement of major coins that are expanding the ecosystem in the coin market and establish a strategy for mid- to long-term investment.
I think deposit services (earn, staking, landing, farm, etc.) that are developing while complementing the pros and cons of DeFi are this year's hot issue.
The coins that are expanding the ecosystem with these services are the major coins mentioned above.
The service that funds are tied to the coin ecosystem will lead to the expansion of the coin market and the expansion of the real industry.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
bullish divergence bitcoin has bullish divergence on various oscillators, as well on numerous timeframes.
the one shown here is the daily.
bullish volume divergence
currently in a daily squeeze.
---
the move out of this range will be quite large,
likely around 7~10k.
it can most certainly go in either direction, but that's what stops are for.
---
i'm quite bullish on btc right now, and i will continue to be while the chart looks the way that it does.
good chance we're in an accumulation phase, and the mark up phase will begin one of these days.
almost expecting a raid of the lows(spring phase) before we pop, but it doesn't have to happen.
---
bullish targets are green
bearish target is red.
have a nice weekend 🍀
Bitcoin (BTC) - May 28hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary resistance: around 32275.6
Secondary resistance: around 35280.2
Support: 27054.1-29840.6
The 27054.1-29840.6 zone is an important support and resistance zone.
The key is whether the 27054.1-29840.6 zone can support and move up.
In the short-term and medium-term perspective, it needs to rise above 30437.0 and find support to turn into an uptrend.
The next volatility period is around June 5th.
(1h chart)
** A short-term response is recommended as sharp movements are likely to occur on the 1h chart.
The section 28951.7-29840.6 passes the CCI -100 point.
Therefore, it is important to keep the price above the 28951.7-29840.6 interval.
However, since the 27054.1-29840.6 section is a strong support section, it may temporarily touch the 27054.1 area and rise, so careful trading is required.
As of May 29th on the 1h chart, there is a possibility of volatility, so trade with caution.
This volatility has the potential to start a trend with a break from the 27054.1-30971.3 interval.
However, there is a possibility that the trend will continue in the opposite direction with a fake.
This is because it is likely a fake moving sharply in the opposite direction before departure.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
ending\leading diagonal, simplified.this is pretty much the plan, from a simplified perspective.
---
an ending, or leading diagonal is a 3-3-3-3-3, which is created within a contracting wedge looking thing.
each move consists of 3 waves, labeled as an abc.
wave 3 cannot be the shortest wave.
leading diagonal appears in the beginning
ending diagonal appears at the end.
which one it is, we won't know until we see what the move up looks like once it has been completed.
---
looking for a quick short squeeze to that 33k region, could go a bit higher if things gets heated.
after which i think it swoops back down to around 20k to finish this corrective phase.
btc 5-27 update ~bitcorn is a mystery these last few days.
stonks are flying, while bitcorn sits on the ground observing the stars.
she wants to soar, but i'm not sure she can after the recent beatdowns.
a bird with broken wings is bitcoin,
but even with the broken wings she'll try to fly.
---
targeting that 33k region on this move
bullish invalidation on this setup at 27950.0.
a break below this level, and we likely see a real breakdown -> to 23k.
Bitcoin (BTC) - May 27hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDT 1W Chart)
Resistance: around 38150.02
Strong support: 27033.35-29812.52
The key is whether you can get support in the section 27033.35-29812.52.
From a mid- to long-term perspective, it needs to rise above 38150.02 to continue the uptrend.
(1D chart)
Primary resistance: around 32259.90
Secondary resistance: around 35045.0
Strong support: 27033.35-29812.52
- 28923.63-29812.52
- Around 27033.35
The key is to find support at the 28923.63-29812.52 zone and move higher than 30444.93.
If it moves downwards from 28923.63, they should check to see if support is found near 27033.35.
Volume is rising above 88.696K, indicating that it is stocking up on strength.
The MS-Signal indicator is expected to touch down in the near future.
When you touch the MS-Signal indicator, volatility is expected to occur, so it is recommended to think of a strategy in advance.
The next volatility period is around June 5th.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
BITCOIN - DO WE PLAY THIS SUPER CHANNEL? AND WHAT THAT CAN MEANImo it's very interesting that touches of 2018/2020 bottoms and '20 highs from actual cycle give us perfect super-channel with just one touch with median so far at "mini bubble" 2019 and heading towards second touch from the upside. In bullish scenario it could be our bottom imo, so around 21 k.
But what's next?
Red channel is an idea how can it go if things turn ultra bullish.
btc 5-26 update ~good afternoon humans,
i talked about this idea a few days back, and it played out almost perfectly.
view that idea over here:
on track to around 33k,
after which i do think we see a rejection (on may 30th +\- 1 day) \ see the final decline to around 22.9k, potentially slightly lower.
a simplified view.here's a simplified view of bitcoins downtrend.
from the top of $69,138.5
we had 5 waves down.
after the initial 5 waves down,
we saw a 3 wave move which i have labeled as wave B (wave B consists of 3 smaller waves).
once wave B was completed we begun another 5 waves down (currently working on wave 4).
the final fifth wave should come down to about 22.9k, which is the 100% extension of wave A.
this move is called a simple zig-zag.
Bitcoin | Just Buy the DIP..!!
Bitcoin Bears have been in Complete Control Since November 2021 (+60% Correction so far)
Seems like Bitcoin is Bottomed out & this is the last DIP Before #BullRun2022 🚀
Bitcoin has been Consolidating in Falling Wedge Since January 2021.
Bitcoin Bulls need to Reclaim the 38k Resistance to Confirm the Wedge Breakout..🆙
Keep in mind that Always wait for Breakout & Candle to Close for Confirmation..
Bitcoin RSI is Printing Massive Bullish Divergence (Which is Bullish Sign) in Daily timeframe Chart.
Bitcoin Bulls Have been Defending the Crucial Support Are (28-30k) from last few Days & Bitcoin Could Bounce Back anytime so Keep Buying the Dips & Just HODL Bitcoin .. (You'll Thank me Later)
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!