bitcorn is out for blood.good evening ~
have some good and bad news as of right now.
the good news, it's possible btc goes higher than originally expected 🤑
the bad news, it's probably going to take longer than any of us are currently expecting.
----
the two cases i've shared over the last few days have lost their level of probability, and i have tossed them out the window as of right now.
the case i am presenting here today, i'm sure many are familiar with; and it's basically the larger triangle phase. this would in theory drag on for another half a year in this contracting range.
ps. the market is not linear, nobody knows exactly what is going on; it's an ongoing, ever-changing, ever-shifting puzzle that was created for we the people to decipher.
✌
XBTUSD
Bitcoin Bullish ProjectionRed lines: resistance levels
Green lines: support range
Yellow Dashed: Range that I believe will make the bounce / reversal
VPVR on the left for better display of resistance / support levels
Circled points: Similarities of L shape formations where Bullish Rally followed.
Based on the VPVR and the repetition of the circular formations, I make the bullish projection for the price of bitcoin after the end of the bear wave (-15% ~ -20%) from the rejection at $ 48,000.
Bitcoin (BTC) - April 11hello?
Traders, welcome.
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-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary resistance (3): around 49135.7
Secondary resistance (4): around 62260.3
Short-term Stop Loss: 45163.4
Stop Loss for Profit Preservation (2): 42366.0
Support section (1): around 38200.0
(1h chart)
** Please note that the trend display on the 1h chart changes frequently, so it is only an approximate flow.
** Since the trend indication was shown according to the flow of the wRSI_SR indicator, it is necessary to check whether divergence occurs.
** Therefore, it is important to see where the support and resistance are found rather than the trend.
Points 45163.4 and 42366.0 are important junctions.
- 45163.4: Point to continue the uptrend
- 42366.0: the point for transition to an uptrend
Therefore, it is expected to make it more difficult to predict due to a sharp movement in the 38200.0-42366.0 section.
------------------------------------------------------------ -------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
---------------------------------
53k?that's right, as the title says; i think we're going to 53k.
before you say "but elo, wave 1 and 4 can't overlap"
read the rules of an ending diagonal 👇
---
so Wave C is playing out as an ending diagonal
which gives us the final fifth leg closer to 53k,
completing a near perfect mean retracement.
once this 53k target is met, bitcorn will drop 50%+ (keep this in mind).
refer to my macro count for more context 🔻
------
wave 4 of wave c = 41k
wave 5 of wave c = 53k
btc 4-10 update ~good afternoon o/
bitcorn looks like it wants to expand again, but not in a bullish manner.
this is the other interpretation i've shared over the last few weeks via my videos, and posts - and as of this morning it's looking like the one.
here's the micro count of the leg from the local high
good chance this pokes up to retest the highs from friday before making the final descension to around 41k; from there i am 90% certain it'll launch.
the local bottom might be put in around the time of the full moon (within the next 7 days).
💸
Bitcoin (BTC) - April 10hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
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-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Primary resistance: around 54825.02
Secondary resistance: 60383.36-63162.53
1st support: around 38150.02
Strong support section: 27033.35-29812.52
(1D Chart) - Short-Term and Swing Perspectives
Primary resistance: around 46487.52
Secondary resistance: around 49266.69
1st support: around 42373.73
2nd support: around 38150.02
In the wRSI_SR indicator, when the RS line rises above 20, it is necessary to check which section receives support and resistance.
At this time, if the CCI line is above -100 and above the EMA line on the CCI-RC indicator, BTC is highly likely to rise.
(buy)
- After confirming the support at the 42373.73 point
(Stop Loss)
- When it falls below 40526.64
(Sell)
- When resistance is received in the section 46283.49-47067.99
- When receiving resistance near 49152.47
However, if it breaks through 49152.47, it is expected to surge, so you need to trade cautiously.
------------------------------------------------------------ -------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 (BTC) - April 9hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary resistance (3): around 49135.7
Secondary resistance (4): around 62260.3
Short-term Stop Loss: 45163.4
Stop Loss for Profit Preservation (2): 42366.0
Support section (1): around 38200.0
(1h chart)
** Please note that the trend display on the 1h chart changes frequently, so it is only an approximate flow.
** Since the trend indication was shown according to the flow of the wRSI_SR indicator, it is necessary to check whether divergence occurs.
** Therefore, it is important to see where support and resistance are found rather than trending.
Points 45163.4 and 42366.0 are important junctions.
- 45163.4: point to continue the uptrend
- 42366.0: point for transition to an uptrend
Therefore, it is expected that it will make it more difficult to predict with a sharp movement in the 38200.0-42366.0 section.
------------------------------------------------------------ -----------------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
---------------------------------
BTCUSDT below support & trendline, short term bearishBTCUSDT
The price is below support structure and ascending trendline, if price continues to stay below, price might fall towards next support area..
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
btc 4-6 update pt.2as of this moment, btc does not look so hot.
the reaction i expected from the key level from my last post found 0 demand, which means we go lower.
what i had as a level for bullish invalidation has now become the downside target of this move.
i've got a way to interpret it, which still manages to give us one final leg up, but i don't think it's going to go as high as i had originally anticipated.
a break of the trendline on my chart, and btc drops into the crypto abyss.
Bitcoin (BTC) - April 8Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Primary resistance: around 54825.02
Secondary resistance: 60383.36-63162.53
1st support: around 38150.02
Strong support section: 27033.35-29812.52
The wRSI_SR indicator shows that the RS line has risen above 80, indicating that it will decline in the not-too-distant future.
Therefore, it is necessary to check where the resistance and support are found when the RS line is falling.
It is also necessary to see if the RSI EMA line can rise above 50.
When BTC attempts to break through the 49266.69 point, it is expected that the CCI line will rise above +100 and above the EMA line on the CCI-RC indicator.
(1D Chart) - Short-Term and Swing Perspectives
Primary resistance: around 49266.69
Secondary resistance: around 54825.02
1st support: 45135.66-46827.76
Second support: around 42373.73
Point 42373.73 is the boundary point for the floor section, and it is important to ensure that support is available near this point.
In the wRSI_SR indicator, the RS line is showing a double decline below 20. (A)
I think this means that the power to press is strong.
However, since the RS line is located below 20, if support is found near 42373.73, a large increase is expected.
The 42373.73-45135.66 section is a sideways section, and it is thought that the movement in this section is not easy to predict.
(buy)
- After confirming the support at the 42373.73 point
(Stop Loss)
- When it falls below 40526.64
(Sell)
- When resistance is received in the section 46283.49-47067.99
- When receiving resistance near 49152.47
However, if it crosses 49152.47, it is expected to surge, so you need to trade cautiously.
------------------------------------------------------------ -----------------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 (BTC) - April 7Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary resistance (3): around 49135.7
Secondary resistance (4): around 62260.3
Short-term Stop Loss: 45163.4
Stop Loss for Profit and Loss (2): 42366.0
Support section (1): around 38200.0
(1h chart)
** Please note that the trend display on the 1h chart changes frequently, so it is only an approximate flow.
** Since the trend indication was shown according to the flow of the wRSI_SR indicator, it is necessary to check whether divergence occurs.
** Therefore, it is important to see where the support and resistance are found rather than the trend.
In the wRSI_SR indicator, volatility has occurred as the trend is broken.
The RS line is attempting to rise above 80, but as the price has moved sideways, it is more likely to lead to further declines.
However, since divergence has occurred, there is a possibility of a rebound near 45163.4.
Therefore, it is necessary to check whether there is support in the section 42366.0-45163.4.
If it falls below 42366.0, it will fall back to the bottom section and a change in the trend will occur.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 4-6 update 💥top of the morning to ya
btc looks to be in the same exact predicament as the spx500
hanging off the edge of a cliff lol.
---
i'm bullish from today forward.
there's a good chance we make it down to my 43.8k level
after which, expansion to the infamous 53k target is on the horizon.
---
same principle applies, the key level must hold for this to become a reality.
failure to hold will result in capitulation.
✌
Bitcoin (BTC) - April 6Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDT 1W Chart) - Mid-Long-Term Perspective
Primary resistance: around 54825.02
Secondary resistance: 60383.36-63162.53
1st support: around 38150.02
Strong support section: 27033.35-29812.52
The wRSI_SR indicator shows that the RS line has risen above 80, indicating that it will decline in the not-too-distant future.
Therefore, it is necessary to check where the resistance and support are found when the RS line is falling.
When BTC attempts to break through the 49266.69 point, it is expected that the CCI line will rise above +100 and above the EMA line on the CCI-RC indicator.
(1D Chart) - Short-Term and Swing Perspectives
Primary resistance: around 49266.69
Secondary resistance: around 54825.02
1st support: 45135.66-46827.76
Second support: around 42373.73
The keypoints are 45135.66, 49152.47.
If you pass the keypoint point, a sudden movement is expected.
In the wRSI_SR indicator, the RS line has fallen below 20 and is expected to rise above 20 in the not-so-distant future.
At this time, it is necessary to check which section is supported.
In the CCI-RC indicator, the CCI line is crossing near the zero point, so you need to be careful about volatility.
(buy)
- After confirming the support at the 46487.52 point
- After confirming the support at the 49266.69 point
(Stop Loss)
- When it falls below 45135.66 and receives resistance
- When it falls below 42373.73 and receives resistance
(Sell)
- 54825.02 is a psychological resistance section when receiving resistance
- When receiving resistance in the section 60383.36-63162.53
------------------------------------------------------------ -----------------------------------------------------
** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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 at critical support and trendline, what next??BTCUSDT
price is currently above support/resistance structure and price is support by ascending trendline, if price continues to hold above the support/resistance structure, I expect the price to move higher towards next resistance.as price is in bullish trend my bias is bullish,
In case, If price breaks below the support and ascending trendline, then the pair will become bearish.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BTCUSDT - Triangle bearish break after false break,more downsideBTCUSDT
price after a false breakout made a bearish break of the triangle pattern, I expect the price to move lower
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
btc \\ alternative scenario wanted to share one more idea,
this one here is quite simple.
👇
>btc gives us one more fake out to the upside,
>a fake out to the downside,
>then it squeezes up to 53k to complete the larger mean retracement.
----
-this scenario is a lot less probable than the few i've shared over the last few days.
-i'm calling it an alternative scenario as it is the one that would shake out both the bulls & the bears + provide a ton of liquidity to mm.
----
Wave 4 target = $43,796
wave 5 target = $53,317
🥂
btc 4-5 update ~good afternoon o/
someone brought up this idea to me last night, and after further looking into it there's a compelling case to be made.
triangles are very prevalent in wave 4 corrections, and that's precisely what we're in on a lesser degree.
----
the bullish invalidation on this triangle sits at yesterdays low of (45050.0).
can't go below this level, not even by a penny if this is going to play out as projected on my chart.
the textbook upside target sits at $51,113.50, but an expansion to 53k is expected.
----
Wave 5 target = $51,113.50
btc 4-4 update ~good afternoon o/
i think we're in a complex corrective phase up here,
shaking out some longs before it launches :^).
----
got a feeling this local b wave is playing out as an expanded flat
once the expanded flat is completed, we will raid the lows one more time before the spring phase comes.
----
bullish invalidation = 44,202 (can't break this level)
target = 51~53k
Bitcoin (BTC) - April 5Hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(BTCUSDTPERP 1D Chart)
Primary resistance (3): around 49135.7
Secondary resistance (4): around 62260.3
Short-term Stop Loss: 45163.4
Stop Loss for Profit and Loss (2): 42366.0
Support section (1): around 38200.0
(1h chart)
** Please note that the trend display on the 1h chart changes frequently, so it is only an approximate flow.
** Since the trend indication was shown according to the flow of the wRSI_SR indicator, it is necessary to check whether divergence occurs.
** Therefore, it is important to see where the support and resistance are found rather than the trend.
It was found that volatility occurred as the wRSI_SR index rose to section A.
However, as the RS line is above 80, we can see that it will decline in the not-too-distant future.
So, when the RS line falls below 80, it is necessary to check which section finds support and resistance.
The keypoint points are 45163.4, 47053.2.
The 45163.4-47042.8 section is the up and down swing section.
This segment is not easy to trade.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** 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.)
---------------------------------