TIMBERRRRR --- Down she goes ... peaked and losing steam going into the weekend
Just like the title says - 1 H Bullish Divergence falling to support - good time to get in I believe ....
DYDX Setting up for a good short end of week maybe early next week
Juicy gains this going down get at least 2-3 to 1 risk to reward
So BTC pump and dump times have dramatically reduced in duration and price action .. whats that saying ... no more pumps ? Or no more dumps ? ...
This thing is a beast. Been up all week. Volume has been declining ... Bearish divergence on the 1H and 4H When this drops (soon it looks like) Needs to drop below and close < 18 When it does that huge gap down to that 12-13 range. But if it can get above and close above that 20 then its off to the races to 30 Very dangerous short IMO .. but its a bear...
Could blast off to 46k or Drop back to 40k Which one does it do .. ? I feel like its going to decide tonite .. dont know why
Fixing to setup as a Head and Shoulders pattern it looks to me. Build some sideways action and some downwards motion. We'll see. Interesting though. Normally the rule says new highs middle of the week. Seems the high here might have been on a Monday. We'll see.
so little H&S forming to drop into making a much larger H&S .. am I the only one seeing this or am I seeing something wrong ??
Just a little pull back - maybe ? We'll see if we bounce and resume our way up at that 38.2 range Has been going up for a couple days .. perhaps needed
So after the channel down it dipped its' toe into heavy resistance and now is channeling up. Will it break the 'bigger' channel down ? Why would it ? Unknown volatile market. Russia Ukraine War. Inflation. Seems like it wants too though.
Channel down target almost hit. Expect it to dip below that support to suck in the remaining shorts then begin a reversal. Expecting to dip right below 36k. Then up down up down and more up and up. Just my 2 cents.
Just like the title says. This beast popped right back into the channel. Support out the window. Totally up to the MM's. If laws were flowed then should leg down to that 36 then up.
No clue what will happen but that 40k support was super weak. Everyone should of seen that. I really don't see any good chart support until 30k. Of course MM's can make their own support levels so we shall see.
Daum thus thing created a huge channel down. Good trading opportunities though.