ThousandDollarBitcoin

ThousandDollarBitcoin

The yellow bar pattern is from the yellow box, I shifted it up to the 1.272 extension, and then moved it right until it fit into the Ichimoku cloud. I placed my entry at the 0.618 fib level, the target at the 1.272 extension, and the stop loss was placed to result in an RR of 1.3

ThousandDollarBitcoin

The scene looks set for a long squeeze, likely with repeated lower lows, ultimately forming a spring, resulting in a breakout. There are many lines on this chart and they are all approximate. I'm attempting to keep a fluid grasp of the price action, while keeping a long squeeze in mind. My primary prediction is this: Price will break to a lower low 3 more...

ThousandDollarBitcoin

I think we could see a range call to shake out liquidity. I've circled a supply zone which is the upper target. The lower target is 88,888. I then expect a return to baseline around 100K.

ThousandDollarBitcoin

This is an alternative possibility to my recent "Gray Swan" chart. The black swan is a lower probability prospect with higher RR. The same analysis is applied from the related chart, but I've lowered the short target to reflect what I think could be the furthest that price could deviate from the consensus evaluation, which I believe to be around $50K.

ThousandDollarBitcoin

My explanation for the volatility is the uncertainty of the Trump term, combined with latent political tensions, providing a discount for a market movers. The yellow fractal is from the time period shown in the orange box, taken from the 4 hour chart. The gray fib fan is placed based on yellow fractal.

ThousandDollarBitcoin Updated 

In an alternate reality: I'm a billionaire. I'm watching a very public asset called CoinBit linger below 100K - a very unusual and exciting situation. So I sell! I DO NOT let it break above 100K, and I sell so much that it pushes price all the way down to break into a liquidity pool below the previous trading range. Then I buy-buy-buy all the way up to squeeze...

ThousandDollarBitcoin

The recent breakout from the ascending wedge (a bearish pattern) may have been an extension of the previous 5 waves, rather than the start of a new set. This would be a "non-failure" swing because it didn't fail to break above the (5) wave. My lower targets are based on the general rule that support is found at the (4), but in a low liquidity markets we can...

ThousandDollarBitcoin

Since seeing the bullish rejection on 11-Oct, I have been expecting price to break down on this level to access this liquidity pool (orange magnet). Despite this bearish outlook, price has continued to squeeze shorts. Once the weak handed shorts are squeezed out, I think that uptrend will end, allowing price to fall down to breach into the liquidity pool at the...

ThousandDollarBitcoin

Price has lingered at this level without a correction to establish support. I think we will fall straight back to 60K, before breaking through and bouncing back. The narrative goes like this: 1. Low liquidity market trending sideways at a big even 2. Price breaks to lower low, providing whales with the liquidity they need to buy in 3. Whales buying below the LL...

ThousandDollarBitcoin

I was surprised by the recent bull run, but I still think that there is a profitable liquidity target below the recent bullish rejection at $58,500. I think price will be drawn back to that level and range above it for a while.

ThousandDollarBitcoin

The recent bullish rejection has left a lot of liquidity pooled below the lower low. I think price will slowly drawn back to this level, with low volatility as we bounce on the demand zones on the way down. I think we will be bullish after a thorough retest.

ThousandDollarBitcoin

Now that we've broken below $60,000, I think we could see high volatility ranging above this level. The targets and stops of this trade plan are based on the liquidity levels indicated by the orange circles. The Gray lines are a fib fan, yellow lines are a fib channel

ThousandDollarBitcoin

I think we could see a megaphone formation around $60,000, which could create a spring to launch price back to $65,000. Gray lines = fib fans yellow lines = fib channel orange magnet = liquidity targets Green/red lines = buy/sell level Green/red highlights = buy/sell zone

ThousandDollarBitcoin

I think we could see price interact with the fib fans (gray lines) and fib channels (yellow lines) similar to the previous price action (yellow fractal). The red and green highlighted areas are potential buy/sell opportunities.

ThousandDollarBitcoin

I'm expecting price to slowly squeeze up through the recent short term high, before a dropping to retest and bounce on 60K, which could lead to a brief break above 66K, before starting a slow downtrend to retest the low at 53K. This is based on the timing and extend of the yellow fractal, the gray fib fans and the yellow fib channel, while also considering the...

ThousandDollarBitcoin

I'm expecting price to test the mid term down trend shown here: I think we could see multiple small bounces before a larger bounce.on the trend line.

ThousandDollarBitcoin

I think we could be aligning with the blue fractal. This suggests that we're about to break down on $60,000, which would make sense after testing the level 3 times resulting in only a weak bounce. We could then form a "spindle" below $60,000, repeatedly breaking up on the big even while forming lower lows and lower highs, eventually returning to the 50% level of...

ThousandDollarBitcoin

Recent price action has been bullish, but we are also "magnetized" to the psychologically significant big even of $60,000. This could result in a high volatility uptrend to break above $65,000 before breaking below $60,000