CRYPTOCAP:BTC maybe completed the head of a potential but highly likely Head and Shoulders. There are a few good supports on the way but ultimately, Im looking to see what happens at the 200 weekly MA as prior to CRYPTOCAP:BTC rocketing through it last time, it had never spent this long under it in its entire history and so its a very important level to test...
I was expecting more support at 28K for CRYPTOCAP:BTC but so was the market. Stop losses would have been placed there and so Stop hunting… Regardless, the support targets in the tweet below remain valid if bitcoin doesn’t bounce. Keep an eye on this larger H&S forming. From the top down, we have what may be a zigzag ABC correction. Wave A is complete...
With BTC back at the neckline of this potential double top, I would play very close attention to divergences on lower TF for exit liquidity mini pumps. Usual Macro economic bullish sentiment #FOMC mini cycle: 1) Fed is gonna pivot guys - LFG bull market is back 2) ooops; FED is not done - dump 3) buy it back up so that retail can come in 4) retail: hmmm; its not...
Addition to my last $BTC analysis, $BTC is fighting the top of the GC on the daily. We can see that this has not been successfully defeated for a while. A break out above that and the 100 DSMA which converge at approx the same levels will be important if the bulls where to stand a chance. Reminder that these days Macro is king. Keep eyes on announcements...
Im still bearish for now as $BTC gets rejected multiple times @ 100DSMA forming a double top on lower TF and dropping. Probs a ping pong off 50DSMA & then a MA macro dependent squeeze. Notice the 618 rejections as well. 👀 on Macro this week: Wednesday: #FOMC rate hike announcement Thursday: #BOE rate announcement Friday: US unemployment Then next week on...
$ETH is in a fun place. It outperformed $BTC by using its 100DSMA as support while $BTC used it as resistance. Lots to unpack here but the weekly chart speaks loud to me. Have a look. What do you see happening? Clues on the chart.
Update on $BTC 100SMA on the daily slapped BTC back down. We see a technical local top formation with the candle structure on the daily with a forming tweezer top structure. The weekly chart candle CLOSE is worth keeping an on as SO FAR it’s setting up to be bearishly divergent divergent. The real test of a real bearish continuation would be dropping below the...
This brings me no pleasure as I'm a solana OG; been into solana since it was less than 1$ The market is weak and will bring #solana down with it. the targets are on the chart. Only hope here is for #crypto #BTC to rally but i dont think the inevitable can be avoided. The chart pattern for BRC remains bearish and is currently in a large descending wedge. Sine...
SOL - Bounced right at the descending support. Lets see if there's another attempt. As im overall bearish on BTC, markets etc..., I think high chances we do fall below
BTC chart shows BTC hanging by a thread from multiple angles. all kinds of analysts out there are calling bottoms because of some reason or another. The truth is... no one really knows. TA is not about making bold predictions. Its about charting possible scenarios. In this post, I will chart the scenario where BTC revisits 13K region There is a large H&S...
BTC has formed a pretty convincing H&S and with the general bearishness of the market, the FOMC rate hikes and promises of more pain to come, its not hard to think we are going down some more. there are however some metrics that call for a higher leg up before we do so and so im overall bearish with neutral in the short term.
DOT - With the Polkadot Parachain auctions (PCA) coming up, this is a repeated reminder of the buying pressure for those who wish to accumulate for the PCA or those who want to swing $DOT. Either way, this is my projected "big picture wave count" for $DOT. OFC guys, DYOR and trade carefully and responsibly as the higher BTC goes, the higher the greed index, the...
BTC strategy to look out for: As we see on the left, we have the ATH (wave 5) as an ending wave diagonal (1.2.3.4.5) followed by an ABC and the start of the Wykoff accumulation (Yellow box). We then broke out of the accumulation and have competed 3 waves (last wave is the 1,2,3,4,5 in yellow on the right) also with bearish divergent ending wave diagonal similar...
$BTC Following on from an earlier post, here is a closer up of the possible case for re-distribution. We can see from this that if this is correct then we are most likely right in the middle of the downside and are almost definitely going to see more downside. This is obviously also possible given the amount of financial unrest we are seeing in other markets...
Following on from my previous idea, here is an expanded view showing the previous chart segment and what has been transposed onto the current price action.
$BTC 4HR Wyckoff re-accumulation After some further analysis and overlays of chart patterns, I have come to the idea that this current phase that we are in fits best with the post drop accumulation and thereby that it is entirely possible that today may have been just over the half way point through the accumulation phase. The pattern seems to mirror VERY...
*The Pumpeye Perspective* **$BTC** If this Wyckoff re-distribution theory is correct then and we are now on our way down then the low will happen around the 3rd October and the spring around the 15th October. Today appears to be very similar to the 12th May drop and could be the start of further downwards movement if the Wyckoff pattern is true to the current...
$INJ 1D CHART Very nice looking Cup and Handle fractal forming on $INJ! TECHNICAL TARGET PRICE $25.00 ALL TIME HIGH just above this at $25.30 so this TP zone is a very sensible selling place! As we are seemingly in the beginning of a nice little alt season, this should play out well 🦾 Breakout expected around the 8th to 10th September... ENTRY and STOP...