BTCUSD Falling Wedge ElaborationEach touch along the bottom line of the falling wedge has led to bullish results (green circles, vertical lines)
This is shown with the bars pattern tool
Falling Wedges are classified as bullish patterns due to their ability to break out bullishly once reaching a critical point, I have also shown this with a bars pattern in green
This is good for Bitcoin and an elaboration on my previous BTC falling wedge post
Below
BLX trade ideas
Bitcoin - BTC and the KST cross❌below 0🚨🚨🚨Update:
Look at these KST cross❌below 0 in the past for Bitcoin 🚨🚨🚨
Except one bad signal October 2018 we had six beautiful buy signal for BTC with great gains followed
Crypto Nation - KST already crossed❌again
Let me know your thoughts in the comments🤗
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Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Daily BTCUSD ThoughtsIdea for BTCUSD
Showing two circles along bear trends, both with compatible double tops
What im waiting for is the move out of this slump we are in, it will be a sharp one (in green circle). As was the move back up to the trend line in the first circle.
A larger channel can be drawn in pale white.
Daily thoughts
The fearless minds of strong men!Through out history men have done great things, so great that some are still not understood today in our modern advanced world. We tend to think they had less then us, (most likely true) maybe that's what made them great, the will to reach new heights. It's the unknown that they reached for for fearlessly. Most of the time reaching for nothing or too high. Through virtue and passing knowledge to one another while working together the steps to greatness have been achieved over time.
In our modern world many things have changed but our senses remain the same. Fear still has the same effect on us, it makes us do irrational things. Decisions made under emotional distress has always led to the same results through out eternity.
Another quality these men had was to go where others had not or dared not. Once again fear, fear of the unknown. Travelling the path less travelled. If the path is less travelled than by default there is more new things or ideas to discover.
Having said all of this about conquering your fear and being bold, another thing all these great men had in common was preparation, organization and contingency plans with alternate strategies. Preparation and plans are tools to control your fears and emotions.
This brings us to to Aristotle. Arguable one the greatest teachers of all time. He said "We are what we repeatedly do. Excellence, then, is not an act, but a habit." So... making small gains in investing is the longer march to victory. He also said "those who know, do. Those who understand teach." Aristotle taught Alexander on a face to face basis for approximately 7 years. Alexander then went out to find his destiny saying, "There is nothing impossible to him who will try."
On to Julius Caesar and his famed glory, he always looked to match Alexander. Some of His famous quotes are "Without training, they lacked knowledge, without knowledge, they lacked confidence, without confidence, the lacked victory." Once again, preparation... with that preparation he was then led to say another famous quote, "I came, I saw, I conquered."
Trading view understands this as well and they have the same outlook. "Look, then leap." This a climbing the mountain outlook. At the end of the day it's the same thing. Investing is very similar to preparing for battle or for a difficult climb. Investors are both your allies and enemies just like the terrain on a climb or the battle field . It's up to you to figure out and know when to push and when to retreat.
Looking back at history can be insightful to say the least. When we look at charts we are looking at what has past before and look for the similar patterns. This too is not new knowledge (history repeating) it's age old information but a lot of people today are blind to it. King Salomon quote in ecclesiastic eludes to just this. "What has been is what will be, and what has been done is what will be done, and there is nothing new under the sun." History is cyclical it always comes back around in some form or another. Another great quote from Salomon is " words kill, words give life, they're either poison or fruit... You choose."
I have added the CM_Williams_VIX to the chart. On the monthly it has done some interesting patterns in the past, take a look.
So... Choose your destiny, it's up to you. What ever road you choose... be blessed, if not one way, another, and always make the best of what comes your way.
Thanks for looking
WeAreSat0shi
Stay Blessed!
BTC has a target of 12kI could write a whole book in the description but honestly its ok simple.. Just look at the chart.
Everything is just an idea NFA,DYOR on Bitcoin(BTC) i think it has a really good chance of working.
My normal cycle target is: 12-14k and worst case target is: anything under 12k
Reason why this chart has a chance of working is very simple to explain, it has gotten the bottom correct already in 2 other cycles.
Anyway, have a nice day
BLX 1D Bitcoin June 2022 UpdateHello Traders, I have decided to make yet another update a year later on the long term for Bitcoin. It appears we have reached another "bottom" similar to what happened in June 2021. From here if we follow the same path as what happened in March 2020, we could see a bull run from now moving forward till about April 2023. This is obvious speculation so don't get fully excited. It's just sharing my thoughts based off previous trends and how the market has done this before several amounts of times. I am personally looking to purchase 1.0 BTC around 18-20k for the long term.
Short term, We are seeing major resistance around 37-38k at current date June 20 2022.
Indicators:
200w SMA
RSI
Check out some of my other ideas! :D
Leave a comment, a like, and a follow for future updates!
Happy Trading! :D
If you have any questions, leave them below.
BTC Miner Capitulation confirmedHi folks!
Historical event took place yesterday — one of the best long-term indicators “Hash Ribbons” showed a signal of Miner Capitulation, Charles Edwards from Capriole.io confirmed this on Twitter.
This means that now it is extremely unprofitable to mine bitcoin, and they turn off the power, reducing the hash rate of the network, or sell the mined bitcoins to the market in order to partially cover the costs.
One way or another, the emission is reduced, cheap bitcoins enter the market—which purely logically and historically points to the bottom of the market.
After the Capitulation confirmed, the recovery phase begins, which ends with a Buy signal.
In the current season, we had a “double bottom”—there was already a phase of accumulation, capitulation, and a Buy signal.
But the FTX black swan took the market even lower, into the second accumulation zone, where we are now.
⁉️ What do you think, will we get the 3rd bottom, which has never happened before historically, or this bottom is the last one?
We are in for a nothing burger Next 6 months are probably going to be sideways action between 12 an 20k. I dont know where the low and the high of the range is going to be im just throwing numbers out there. But prepare to go to sleep. 2023 will be you chance to get more cash and accumulate more crypto. And then off we go to a new bull market. Im not going to be trading or selling crypto any time soon so i dont really care what happens.
BITCOIN long term viewThis formation is in my private Ideas since 1 Year and looks like its performing well untill now.
This one confirms my other idea, uploaded earlier today.
To be honest, cant find another outcome at the moment. Be cautious, there will be some more dumps and distribution untill April.
- this is just my opinion and no investment advice
Bitcoin - BTC Trix indicator❌Bitcoin
We see a momentum drift on the TRIX indicator sponsored by FTX misery🚨
If BTC gets more bearish pressure the indicator points❌might get in the support zone again - unlikely IMO
Stay long-term BULLISH dear Crypto Nation😉
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion