back at the china/vays diagonal, brought up on low weekend volume, 12h POC and cme gap looms at 9500, everyone bullish, covid gaining momentum, you know what to do...
gaps on chart, cme yet to close the 11795 gap (shy $20), nice gap down 3565 still open...
mid channel breakup in line with global crisis @2300 or greater later
... for now they are there to keep you longing in hope of a certain trade. ponzi down, ponzi up
how many diag breakouts lead to fakeouts and dumps with bitcoin, it would be ultimate trap for moon boys to 100x long into a supernova style dump and rinse scenario
dxy count leading us out of covid crisis in 2021/2022
pretty bearish right, it can still go up but ultimately it wont stay up
"from TA it most certainly has to close back inside but who knows with this world" - famous last words on my previous gold chart start of Jan 2020
since what will feel like forever bitcoin is now below the 1M ichi cloud, falling in the last few months and is now battling to get back above. with the current economic climate it makes sense to enter shorts here: - ich cloud resistance - mid channel test - monthly pivot ^^^ getting above these points would suggest bullish intent and possibly trigger a new...
bearish scenario that will crush current ATH seekers
200wma is the target, fall below and the world will never be the same again. pop off the top, trigger stop loss and dump. feds win why did i title this "i bet the next drop comes with another global wave of covid19"? just watch this space, to be able to remove hyper inflated money you need a catalyst and just like the first drop was smoke screened by the covid19...
taken from 12h up to monthly this is all the S&R for bitcoin including key ema and all script sets. safe to say if it breaks up it could be the most bullish move ever seen however down seems the easiest path...
scriptA = just confirmed bearish turn scriptB = below trend line and below 50 rsi scriptC = bearish if the price can reclaim the yellow diagonal then we may see a push up however without closing above the clouds it will be a short lived pump.
whack bang in the middle, we are set to be 6000-7000 forever haha, buy the break out...
3 month candle set to close in a few days: above upper blue = support below lower blue = resistance we are also below the 7ema which we only dropped below momentarily 2018/2019, long wick recovery on 14ema in this current candle but coronavirus making markets uncertain
scripts have been flagging downside for a while, after 1 glorious long call in 1999 is it time for Disney to topple over and drop 100? both scripts are preparing sells, to make use of these calls see tradingscripts.best
we are approaching a critical point in the chart that will define how we move for the next year or so: breaking this section could send us to mid bull rejecting this section could send us down to mid bear a reaction at either mid points could send us to either ultra spectrum crucial times, lots of hype and momentum but i feel new cash is needed to push us...
just for fun but looks like another x4 is imminent...