6 days till Weekly close Confirmed candle: 5.5 of 9 points Unconfirmed candle: 7 of 9 points Each technical condition can be 0, 0.5 or 1 points. Daily chart: It did test the 19k price and got a strong support move back into the long term resistance trendline. 4h chart: If not, worst case long term is somewhere around 9-7k to find the absolute depression....
Pure Art. A rising threat. Some may say. The Ancient Futures.
Bitcoin broke into the 'old' H&S neckline resistance. The 4h timeframe shows a possible bullish continuation scenario. Means the old neckline is a support zone for this scenario. The weekly MACD shows a smooth increase of momentum, what is supportive for that scenario. While the 4h and weekly patterns correspond, the daily does not. Means we have a lower...
A daily overview for Bitcoin. Pointing out a bullish and a bearish scenario. Check the related ideas for more information.
Just an idea, don't hang me :| The Bars Pattern is from BTCUSD 2017 top, the 40% crash Blow-Off Top. I'll look for a possible bullish pattern for the next bars pattern astrology.
FTT (FTX.com) exchange coin shows signs for a potential weekly kind of breakout. MACD histogram and the Oscillator look good for it. It sits under the resistance with -0,0004 % funding rates right now. I monitor the funding rates on it for quite awhile and say that the rapid gains are clearly a soft low volume short squeeze till now. I'm not long but I have a FTT...
The general hope is in a recovery into the 52-54k price area. (Possible short entry) Bitcoin /USD sits on a flipped SMA 200 & 300 support with a downwards trendline. (Possible long entry) Resistance comes from many different price level angles. The risk to test support bottom at 42k remains. (Possible long entry) Many possible worst case scenarios once 42k level...
The current price is at the short entry, you may not see it because TA doesn't show ask/bid price lines on published Ideas. Heikin Ashi Candles to reduce noise. Trading stocks is out of my usual comfort zone, take that idea with some extra salt. 4h snapshot Weekly snapshot
A falling wedge is usually a bullish pattern . However the higher timeframe, the weekly, signals a bearish MACD cross and the daily has a potential daily MACD cross. Both RSI and S. RSI pointing down. A possible V-Recovery is more likely than a typical Breakout with Retest out of the Falling Wedge . If more EMAs death cross then BNB is to be seen as in a bearish trend .
Most important is the Volume in the same time span. The Volume is what grinds me since the last All Time High. Still this is not meant as guarantee to continue like this. Worst case scenario would be a long term bearish trend back to 6000 USD. Not very likely but possible. If long term bearish then the steps would be something like 37000 > 20000 > 12000 >...
A technical price dimension grid for FTTUSD. Astrology for men.
And the bullish bars pattern astrology. The pattern is from february/march 2020 covid crash to the april 2020 recovery. It just has to go against a lot of resistance, daily death cross, weekly macd cross, ... I mean the probability is not zero, we are in a bull market right? :|
A mathematical probability to hit the target. Will the resistance be strong enough to cause a variable change in the calculation ?
Trendline broke on the log scale chart so we switch to the linear scale for now. 2 hours 11 mins till daily candle close.
Curved Bars Pattern Astrology on Daily Bitcoin Chart
Pointing out 3 different scenarios for the next 1-2 weeks
My first video recorded technical analysis ever about the current (01.12.2021) situation of Bitcoin / USD and Risk Management / Risk-Reward-Ratio. -Not part of the video- 10 Steps to success: 1) read and watch everything you find for the first few months 2) draw way too many trendlines and support/resistance zones 3) somehow price action always hits the lines...
The 2nd part of the first video. More pattern on the MACD, Stoch RSI, RSI and Volume. First part: