No explanation needed in this draw up.. retest moving out and down of an ascending channel.
Off trends and recent marketing news and sentiment it would be fair to see a move up again. I'd like to see a sell off towards the halfing as it would be the last chance to buy at some dirty prices. Thanks
The more I look, the more I see... blessing and a curse. Straight to the point, break on the ascending channel in the form or a ascending channel retest, I know.. really? and at time of writing, currently testing this and possibly retesting to break down and out of this huge ascent. on the other hand. we could simply slip back into the channel with that double...
Depending wedge break, to depending wedge style retest to retest the main depending wedge we are in.. or corridor, also. Afterwards. To the downside.
Here. using a fib retracement, utilised correctly can be a wildly powerful tool all by its lonesome, for context I have placed a wave pattern to show you why placed the fib where I have. Using the wave I have utilised points 2, the 1, then 0 again in that order. You can see everything connect. its quite satisfying to say the least. simple but effective.
1H, 4H,1 Day RSI all good. Just cmgot cross and retest ilof RSI on the 1 hour. We should break down out of the ascending triangle. Retest back up and making its way downward for the 2nd short position.
Taken a stop limit order on the retest of my faded red line. Looking for 5% off that to 25k region.
tip the hat to the order block ad descend to 25000 initially. from there making its way down to 22 before feeling out the strength in that area. excited.
we wanna see some action at 25. make some moves there, feel it out. probably go full bull and retract for halfling or just ruin everyone's lives until then. this is based on my accumulative consensus after weeks of watching and reading trading view and external sources.
I don't have much to say here, as I've published the same previously with this being the adjustment
Green area depicting obvious area of strength at the moment. I suggest that the could be the start of the move out of the depending channel to the downside and pure saying bye to the denial phase and into why are the markets so unforgiving phase.
By using simple fib retractment and weekly trend lines and the shitty state of the world right now. The markets reflect the it, centralised or decentralised alike. We always retract or rise to the average between halfing cycles, I see us being above 20k on halfing but for now downside is totally on the cards.
After further TA, id be happier to long a 3% with a 5 percent being a fast pull back to signal a inverse head and shoulders
I see a 5% pull back breaking out of a descending channel. I cannot comment on where it goes after as it is yet to happen. My finding is purely based on TA. It would be great to see contradiction in the comments for a better view and to help the wider community.
with all he jazz with the sec and bankruptcy with exchanges, the banks will be next. fear will fill in, everyone will run. find fair value and make its way the the halfling.
The 200 ma wants some love which coincides with the lower megaphone's trend but we can also say hello to the upside of the megaphone for a minute because #BTC. I'm neutral and looking for confirmation.
Price consolidation close to breakouts combined with volume influx on daily opens is good criteria to watch for nice entry's. Good luck
bouncing back and fourth in symmetrical triangle. my favourite thing to do :)