Long here .. Two scenarios on the chart.. Fake out, then rise.. or break out and rise.. targets at horizontal lines..
TLDR: Nice bottoming pattern forming here, bullish making higher highs, and higher lows. Ascending triangle also. Into key resistance, tested multiple times.. I like this trade. --- "Adam and Eve" bottoming formation is a bullish pattern that traders look for on price charts to identify potential buying opportunities. Let me break it down for you. Imagine...
Good spot to play the bounce trade.. 618 retracement filled.. Getting some lower timeframe bullish divergences..
Falling wedge, bull signal with my indicator on 8h, I have an inkling about this one ;) Targeting 23c. Although, this could blast higher, I have more conservative TP. I nailed this trade previously:
Targeting 23c. Set up looks good to me.. Nailed the last move.. Got a good feeling about this one..
Bullish pin bar, bullish. Expecting mean reversion to 50% fib Called the top.. Calling this bounce..
ROAR. No this isn't actual TA. It might be a little bit of cope. One scenario - it could possibly be a bull flag playing out. Another is we are about to giga nuke to 25k 50/50 right now.
Take profits immediately. This will correct. Targeting 0.618 My Indicator called the bottom and it is now calling the top of the move.
Dumped to golden pocket, seeing some slight bullish divs on lower timeframes before BTC giganuked, and bullish reversal candle/pin bar.. Long from here
In typical crypto twitter speak, "bears will get rekt", comes to mind. This is a interesting set of similarities playing out on ETH. ETH has been incredibly deflationary lately due to the meme coin mania. This could be the next hyper narrative for ETH and rally a lot sooner than people expect.
Dollar looks weak still, I think we dip down below to 98 on the DXY and rally up to 4310 on SPX ..
Targeting 0.618 Need I say more? The frog will mean revert Called the top Calling this bounce
Total Market Cap is consolidating between two significant fibonacci levels here. 0.382% from Macro High Pivot to Low Pivt 0.382% from April 2022 High Pivot (from the bear flag) to Low Pivot. As you can also see, above head resistance confluence of the fib speed fan 0.382 and Value Area High. For support confluence we have the VWAP from the same April 2022...
I've conducted a thorough analysis of Bitcoin and reached the conclusion that the price of Bitcoin may reach a peak of approximately $48,000 in May. I anticipate heavy resistance at 35,000$ due to it being a large monthly, and 3M level. My rationale is grounded in the convergence of two prominent Fibonacci-based technical indicators: the 0.618...
Assuming everything goes to plan, the next bull-run in crypto could see MARA rally up to $133 before tanking. This is based off the golden pocket (linear scale) which seems to be well respected as price targets.
Looks like AUD is reacting off the golden pocket retracement, weaking DXY should lead to stronger currency pairs, including. Once downtrend channel is broken, it'll confirm bullishness. Divergence on Average Oscillator seemed to have played out to a decent bounce.. but rejected off resistance, and formed a higher low (march 2020 covid crash formed the lower...
Wouldn't surprise me to see this run of liquidity to gap-fill below and test the local Point of Control (POC), before rocketing up to test the VAH (value area high), also filling another gap... If bullish momentum continues, expecting a run to fill the last local gap in the 34-35k region. Ultimate target for the "Echo Bubble" of 23 would be around 48k..
Possible scenario for BTC.. Run up to 48k before nasty 35-40% correction.