How similar these patterns are, you have 2 wyckoff distribution patterns, that had little downtrend that we experienced basically from May through the July bottom of 2021 and we rebound we set a new all time high and now we're back in that downtrend again very similar price action of a down what's going on over here with Bitcoin earlier? So what's interesting is...
As you can see in the past we tend to break out to the upside. But what is more interesting is that we are putting right here you can see on the 4hr starting right from the support that we had, at the end of December of last year, we have actually completed finally, three points of contact on the top and on the bottom and you know that when you get three points of...
Bitcoin has broken away from its mid cycle pullback aka shakeout in its 2021 bull market run. High probability mid cycle low is established now that mid cycle breakout has occurred. 2nd phase of bull market in play. Double wave into liftoff. Cycle peak approximately 150 days from mid cycle low. Price peaks in 2021 assuming low is in.
#Microstrategy is a spicy 🌶 buy now, down 61% from previous high of $884. You’ll 3x your money from today’s bounce at $319 in the next few months. First target break above the downtrend line, $669 to $761 right to fib retracement into the green fib box Second is the bull flag breakout! The target 🎯 from impulse move up, move the flag pole over from the...
You know, the dollar clearly has been in a decline since it was created in the early early 1900s. The Fed was created right the 1970s we went off the gold standard, but I mean, look at this, guys. I mean, yeah, it gets exciting, but ultimately, what is it what is the dollar doing? It's just putting in lower high after lower high and lower low after lower low. This...
So bullish......look at this amazing cup and handle set upon the total market cap...
ok.. if this the double bottom legit and plays out on the 4hr chart, will be going too $68Kish to create the full W! Then will retest the neckline at $63.8k middle high of the W, which would us to Plab B predictions closing the monthly at around $63k.
Total 2 market cap, does a triple top, breaking to the up side above the $1.5 trillion market cap, alts are about too go on a massive rally.
If bitcoin was creating a double top here on the weekly, we have break the neckline to be confirmed a double top, going back to sub $30k, highly doubt thats happening, based on metrics and the amount of big buys that came in this last 2 weeks and the amount of coins off exchanges.
The double bottom looks like the letter "W". The twice-touched low is considered a support level. KEY TAKEAWAYS The double bottom looks like the letter "W". The twice-touched low is considered a support level. The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the...
So this is the chart ladies and gentlemen We need to close at least the weekly above the bottom green fib box 📦 at $42587 for a bullish reversal! That’s the previous swing low to swing high! To make sure it’s not a fake out we need to breakout through the above green fib box 📦 from swing high to swing low at $57506, For bullish continuation!
Yesterday move was unable to hold above the OMID line and staying within the 2 descending triangle, which i got marked out in red, from the first descending triangle breakdown from 10k. We also have a death cross forming on the 20MA -- Day crossing over the 200MA - Day, looking very bearish. A weekly Close below the OMID of $8190 is a good confirmation going to...
Today's Close below the OMID of $8190 is a good confirmation going to ORL of S7620/7430 golden pocket zone. This area is big buying opportunity don't miss out. If this level shits the bed and possibly goes lower, then will test the support level of the 20MA-Monthly 7kish, which would be a 50% discount from $13.8k
I think getting you’re feet wet above this support is a good deal be, don’t wait 16k is in play now. Possible scenarios: We go back to $8500 to close the CME gap, but that’s even looking slim now, the 20MA day support has broken 9k. 16k in play we above 50MA & 20MA and 21 & 55 EMA day supports a bullish move to 11.2k would make a 20MA cross over the 50MA. If...
A close above 10.975k and above the 50MA resistance on the day chart, would be a good confirmation, that we going up. This would be wave 2 of 5 waves up of wave 3 of the larger wave 3. Butterfly doji candle reversal candle on the 4hr, looks like we going up?
With $LTC holding above the 20MA support on the month chart and the 20MA about to cross over the 50MA, will be going to targets $125 or $175 box area.
Red Boxes Sell zone, i'm calling this the dead zone, where the 20MA and 50MA create space between each other, once this starts and the the day candle falls below the 20MA, sell or take profits. Blue Boxes This is the buy zone, when the day candle breaks above the 20MA, specially when 20MA gonna cross over the 50MA
If the 20MA crosses over the 50MA within 7-10days, with force will see a nice run up 5500-6000