While on 1 week we are bullishly in a falling broadening wedge, the smaller time frames point towards a big dump towards low 40K zone. Let me explain: We are in a bearish long term rising channel on daily Timeframe. We did not break the 200 Moving Average and printed consecutive DOJI candles right below that crucial MA, which shows indecision but also a...
Bearish indicators showing a pull back likely... Market will likely need to cool down before it moves up another leg. I believe the chart pattern, even appearing as a bull flag, will break down. Could also be a descending triangle.
This will appear like a bullish double bottom formation, but neckline around 27500 - 27950 wont break. Yes it will pump a bit more. Traders will end up trapped longing this BTC Pump. But the probability speaks against going above 28k range again. Bitcoin will do back down after it wont be able to break mid/upper 27k region.
This is on a weekly timeframe, no more 1h or 4h timeframes... This is the REAL DEAL. The low 29k zone is an area where lot of people get burned. Please be careful here with long positions my friends. While I think that there is some steam to go up from previously confirmed patterns, the huge XXXL Rising Wedge raises immense concerns... My opinion is that we will...
#Bitcoin is consolidating right below 30k with two failed breakout attempts. I think there is still steam up from the previously confirmed broken falling wedge and on the next attempt 30k shall break. A possible Gartley Pattern adds to the bullishness. Observing if the 1h candle will close as hammer. Still bullish overall but cautious here to make sure this is not...
Several bullish patterns! Slowly showing what patterns are in play here. Difficult to trade if you are new, but starting to make sense for someone who has been trading for several years. This will likely rip up as previously stated. That Batman pattern is not my imagination but an actual pattern traders use It is similar to a Head and Shoulders pattern except that...
Inverse head and shoulder on large time frame that will likely break up. Finally held above 20 cents, let's see if this will continue. Much up optential for this coin. Very bullish.
Please see analysis on 1h frame. I think BTC about to rip up..Bullish!
Quick daily chart on what is a likely scenario in XRP. Descending Triangle with bearish momentum continuation pattern. Death Cross on daily chart where 50 MA crosses 200 MA. Prepare for another leg down, possibly last one before slowly consolidating into bull market, but this one may come will full bear force.
Bearish Divergence is showing weakness in the market on 4h Chart. This is even more evident on the 1h and 2h charts. Rising Wedge broke downward and now forming an additional extended bearish continuation pattern - a horizontal channel. I keep shorting these small pumps. Strong resistence and Whales got the Bulls trapped who believe we will moon. But I believe...
I know chart is a bit messy, but would like to publish asap to send this warning out to you guys! Many bearish indicator from bearish pattern to bearish divergence etc etc.....
USD looks Bullish for one last leg up. In meanwhile, BTC and Crypto will dump. One USD is done creating the right shoulder of this massive Head and Shoulder pattern, it will dump heavily and BTC will then enter Bull Market. Sorry for messy Technical Analysis. No time to make it neat before publishing.
My previous idea is still in play. Here an update on the 4h chart. I extended my previous red lines that show the downward trendline and heavy resistance zone we are currently in. Simultaneously, we are testing the broken Support/newly turned Resistance line of the Descending Triangle. Note: It seems like we are forming a rising wedge and also have a bearish...
Charts show my chart patterns and how I am reading the current market structure... BEARISH!
First a bit more down to 31.5 - 32.5k zone. Then up to 36k - 37k zone. Then DUMPENING to around 19.5K - 20.5K Zone. Long Consolidation. Then HEAVY MOOOOON UP UP UP UP ! I am the BTC Seer and I see what BTC will do.
This looks like a classic short based on Richard Wyckoff Distribution Schematic. Twitter and everyone is so bullish and Fomo'ing. Funding pays shorts. Long to Short Ratio favors Shorts. Maybe some more up but looks like the big picture shows a massive dump coming in the near future... Beware and trade smart!
My trading ideas based on smaller time frame. Always wait for confirmations. Have a good weekend everyone and trade safe.