This is execution of analysis I made earlier with both long and short scenarios. Executing the short scenario unfortunately, I know you bulls can't bear this possibility. Just trading the plan. All it takes is for powell to say 1 negative thing right now in the fed meeting for target to hit. Looking to take 50% at 38200 then watch and decide if should close ...
So for waiting on either of 3 specific scenario to happen before taking an entry. It's a more refined strategy combining some keys things that provided me with high probability setups. 1. For long scenario my target would be $38,830 or as high as $40k. So wouldn't immediately close at $38,830 but would take 50% profit for sure. Entry would be around current...
(Update was made earlier but accidentally privated-copied my thoughts below at the time) Trade Analysis Update: Current Trend: Bearish momentum strengthen as the market closes below the 37660 support area. This indicates a more solid shift in market control from bulls to bears. Positions & Targets: TP1 (37300): Entered at 38100, influenced by hyper...
The market is boring. Unless new bullish news arrive be very careful. Major volatility will come end of the month and first when the fed speaks. This will further impact the market. Am keep it short. We still consolidating and now with this recent aggressive run up they gonna wipe out all the fomo buyers. ALL OF THEM right back to around $37150! Analyze as...
Seems bitcoin is getting ready to continue up -4 higher lows on the hourly , about to confirm by breaking 37468 to form new hourly high. - A short squeeze is likely to happen which would send the price aggressively up to t1 at 37900 Tp2 at 38400 Will re assess then.
4hr lower low 4hr supply rejection 4hr bearish candle close Signs that current price could potentially create next 4hr lower high here. 1hr Fib confluences Also below 50 ema Plus secret sauce confirmation. Caution signs: 1hr double bottom and minor higher low- Sign that buyers are forming higher support. If face rejection near that point will consider exiting...
Double bottom Back above 4hr low- retracement phase and some other confluences. Bears made new confirm 4hr low so being cautious and aiming to take some profit at 37300. If they can't hold then my next target is 38000 then re-assess. If it looks like we're holding then am exit fully.
Broke 4hr support support psychological 2k target number (Some more things I won't say here) Correction is due though so small size position- If work out want to be ready to exit at 2k. Can set fix 3:1 RR tp just in case it spikes lower. If not exit at 2k for 2 RR roughly If this a fakeout then a sharp pullback will likely happen from 10 am -11 am 4hr candle but...
We go down, now we go up. We go down, now we go up. We go down, now we go up Now we go up to 40k
So first of all. You can't ignore that big head and shoulder. It's so beautiful. Broke the neckline then came back and retest the previous support which was strong enough to act as resistance confirmed by that big 4hr engulfing candle or you could say it's like a 3 line strike candlestick pattern it pretty much push down strongly clearing the lower timeframe...
The Observation and Plan: We broke out from 38k and had a 4hr close above. That's a good confirmation to look for longs as market showing it wants to go up. However did leave behind a decent size top wick rejection . Which indicates the present of sellers so the likelihood of the impulse continuing imo is low. Fomo buyers will likely get their stop swept. Am...
Anticipating bitcoin to pullback down to $36600 as a conservative target. There is a 1hr demand order block there. It's currently sitting at resistance with big top wick rejections on the 4hr, there's also a 1hr supply zone there around fib 78.6. On top of that there's an upper trendline confluence - zooming out a bit as well can put together a decent bottom...
Explained in previous analysis. We re below daily support...look to the left. And based on more recent price action we're at daily resistance. And zooming down to the hourly we rejected from that big push up, then get another rejection creating a lower high and just now...could be creating another minor lowrt high. You could draw an uptrendline and wait for the...