This a trade set up I'm watching for next week, once price enters that purple box we should fly up to about 320 I put the target at 328 because that's where the 0.618 fib extension and second gap are located. This chart is also based on info of insider trading and a cup & handle formation check out the attached chart for more on that.
This is actually kind of interesting I'm surprised nobody has noticed this yet...
Insider Charles Heilbronn bought 243,849 shares on 2019-09-30 at $241.52 and I see a cup and handle formation going on day 5 of daily candle closes.
Time to short? Check out some of my other charts for targets...
I'm not very popular on Tradingview yet, but I was one of the first ones to call this a FOMO induced dead cat bounce. I also called the drop to 7900. As a full time trader it's my job to find the most probable outcome without being biased to the up or downside. If we look at the Line break chart we can see that we rallied up like the last bull market into a double...
I'm seeing a lot of bearish signs in the market right now is it possible we fall to the second gap in the 6300 range? Either way, I'm crushing this market I played that move down on 10x leverage with over 200% profit. Be ready for anything traders...
The weekly ichimoku cloud is right at a huge point of price action confluence... This seems like the most probable outcome to me.
I'm curious to know what you guys think especially on the fundamentals.
These scribbles are following the ichimoku cloud along with a few other indicators and my gut feeling. NOT intended for trading it's just so I can keep a log and a clean chatrt.
I have been playing my trades based on the 2018 blow-off top bars patter and crushing it... I think BTC needs to drop to at least 7900 IMO back to the 2000 - 4000 ish range.
I think it's pretty obvious where I stand on this.
Guys, This is something I am definitely keeping my eyes open for, this could be a life-changing shorting opportunity. If you like my work do me a favor and gimmie a like and follow me for more.
Just wanted to point out that there is a correlation with the stock market and crypto for those who disagree. Which is making me start to think that if the SPY reaches all-time highs BTC winter could continue.
This pattern is stating to match the pattern of the last time we were in the 9-10 k zone. Until we put in a new low and a new high I will continue to believe we are headed a lot lower.
This is a very pivotal point for the future of BTC if this line doesn't hold then I'm sticking with my belief that this was one giant bubble, a repeat of 2018 on a smaller scale.
If you like my work please leave a like and follow me for more.
This is the most probable outcome for BTC, there's gonna be broken hearts and furious moonboys. Leave a like and follow my work if your interested in more realistic market analysis :)
The similarities are uncanny I'm not saying we are going to crash as low as we did in 2014 but I think capitulation then consolidation is probable.