USDCBTC trade ideas
BTC at Make or Break point! but are we being fooled? There's no doubt that Covid19 was an entry point to institutional money with that miraculous 60% correction within a week.
The BTC world has changed. We feel it in the water. We feel it in the earth. We smell it in the air.
Much that once was is lost to their Algo & Bots and "Retail" shaking techniques.
For these men, above all else, desire power.
Controlling the future of currency is power.
The whales bought, GBTC and MicroStrategy and their likes bought.
Forbes published that 650 U.S. banks will soon be able to offer bitcoin purchases to an estimated 24 million total customers.
And guess what - the price is stifled.
The last 6 weeks were boring.
Everyone and their wives cried out this bull run isn't over yet.
The last few days everyone and their wives have started talking about the pending dump.
BTC has been tip toeing the Weekly MA50 currently sitting on 31870 (hodling it for dear life this week).
Weekly MA100 is 20226 (rings a bell ?).
Everyone I am talking to, is looking at any possible graph to settle their perspective.
The graph with most dispute is the historic BTC Logarithmic Growth Curves.
Yes, plotting peak to peak says this bull run is not over.
Early December has been the ATH in 2014 and 2018 so we should have plenty of time to enter a Bear market followed by a colossal rally.
Plotting bottom to bottom on the same graph can land you anywhere between 16k - 24k.
But what if they were, all of them, deceived, for another man, in the land of Composite, forged another plan?
What if the history is forgotten and turned to myth?
What if the Composite Man is plotting his bottoms only from the point in which he had entered the field in mid 2020?
Side walking for long periods are the precursors of Violent Moves.
We are either going to see a fake move up (a trap at ~39K) followed by a brutal move down into a Bear market,
which now seems to be, by the way, the common chant only in the last couple of days!
{and that is why I am not joining the bull train until I see a daily candle closing over 42k-43k}.
But Logically, it makes no sense! That the hoarding Whales, and the Institutions will buy just to see it cut in half.
OR
We are going to see a fake move down (a trap at the Composite's man Black Line at ~26K - 28K) followed by an insane move up into a colossal mega run that will break all of the previous patterns we know, since the BTC world is changed.
One Crypto to rule them all. Where we might be able to stack satoshies at best in the not so far future.
One thing is sure, the next few days or weeks are going to be exciting!
BTC Weekly 50 MABTC is about the Close the First Weekly Candl below the 50 Day MA. since Bullrun.
Be Ready. for Bearmomentum.
I Don't Celebrate The 4th But BTC Seems To.Looks like BTC may be looking to have a small shindig around the 4th. Look for some tickets to get in and enjoy a few drinks courtesy of Satoshi. Then stick around for the next party.... I'm sure it will be better than this one!
The beginning of a very big uptrend , BTCUSDPlease note the peaks in the RSI indicator and the peaks in the price chart at the same time. Is it time to break the downtrend line drawn on the RSI?
With the breaking of this important line, more buyers are expected to take action and a new uptrend will take shape
Short, RSIShould be seeing a bigger drop to the lower green line, crsi 20 and 10 are both in a beginning downtrend and it would perfectly fit inside the forming triangle.
28-29k BTCLate Sunday night early Monday morning look for BTC to break the falling wedge for some small gains. Break out around 29k-28.5k.
Potential early breakout around 30.5k.
M pattern and ichimoku BTC Short to 25300 usdc M Pattern with validation on daily time frame,
Target 25300$ for tomorrow or two days later.
25300$ is a support ichimoku
BTC Short to 25300 usdcM Pattern with validation on daily time frame,
Target 25300$ for tomorrow or two days later.
NEWBIE Q on Wyckoff Are we still at Phase C or Entering Phase D?I'll start by saying, I'm a newbie. Couldn't find any ideas to this question so draw up my own for your comments please.
Bitcoin breakout? (16.06)This was my first time analysing a BTC Chart, nonetheless here is a potential "predicition", please dont rely yourself on this prediction its only for educational purposes!
Thanks and much luck
sincerely
Eldo
BTC Head and Shoulder"But this crash give me March, 2020 vibes".
Be objective. Use what information the charts give you to make sound judgement calls. This looks to me like a H&S pattern and we know the outcome of those. We failed to reach $42,000 level and the mood in the market is one where retail buyers are exhausted, billionaire accounts are grinning with their mouths wide open and Elon Musk is promoting c*mrocket.
The objective? Bright as day. HODL and firm the harsh weathers to come. Or, protect capital to fight another day.
BTC and Crypto is still the 'great transfer of wealth' we hoped it would be. Patience is just needed for the time being.
RN
This chart is in no way meant to be used as financial advice.
My long term strategy.Target 1.
Short down to 0.618 from ATH to about 27200.
Target 2.
Long the retracement to the 0.50 Fib level. 34000.
Target 3.
Short the trend based Fib level to 0.618. 12500
Mad dropping on BTC for June-JULY😣😣😣😣
BTC heading back to the middle of the band, at 1d time frame, Fisher and aroon showing an expecting bear market, BTC might drop back and below $30k.........
ATTENTION!!! BUY Bitcoin NOW!ATTENTION!!! BUY Bitcoin NOW! All technical indicators and volume indicate growth from these levels, which is probably not going to be lower this year!
