ThousandDollarBitcoin

ThousandDollarBitcoin

Today's bull run caught me out, but I've re-entered short since I expect price to drop faster following today's spike. I'm still looking for a H&S with a head at a lower lower Longer term view:

ThousandDollarBitcoin

I'm expecting a series of higher highs and lower lows to repeatedly expand the trading range by seeking liquidity in both directions. This could result in a megaphone formation, eventually ending bullish. Longer term view:

ThousandDollarBitcoin

Yesterday's forecast has been accurate so far, but I now think we are likely to seek liquidity with a lower low before the bull run starts. I expect an "honest" bottoming head and shoulders, which indicates confidence returning, which will accumulate stop losses at the lower low - which then become the target for a liquidity hunt. I expect the lower low to be...

ThousandDollarBitcoin

Inflation is getting scary and that fear might fuel a bull run in Bitcoin. If a big bull is on the horizon, look for a bear trap soon (and vice versa). I'm expecting a retest of the recent reversal demand zone, I think it will hold strong or maybe briefly break to a lower low. Longer term view:

ThousandDollarBitcoin

I was caught out by the volume gap yesterday, but I think this is a bull trap and we will rapidly reverse downwards. I then expect a drop to reach the demand zone at about 51K. I think this will result in a bullish reversal, which would likely form around the key level at 55K. Longer term view:

ThousandDollarBitcoin

I expect a drop to reach the demand zone at about $51K. I think this will result in a bullish reversal, which would likely form around the key level at $55K. Longer term view:

ThousandDollarBitcoin

I'm expecting a couple more lower lows, with bounces to supply zones, then a slow drop to about GETTEX:54K Longer term view: See related ideas for more info.

ThousandDollarBitcoin

Yesterday's forecast has been accurate so far, but recent price action has been more drawn out than expected, so I'm now looking for a bullish relief bounce to the local supply zone before dropping lower. See related ideas for more detailed TA dashed lines = stop losses dotted lines = entries/exits blue line = fib retracement (placed at dashed line) yellow lines...

ThousandDollarBitcoin

Yesterday's forecast has been accurate so far, but I now expect the market to seek liquidity below 56K. The point of control (solid red line) in the volume histogram of the blue shaded period aligns with the expected bounce, which was informed by the yellow fractal placed in line with the yellow fib channel. dashed lines = stop losses dotted lines =...

ThousandDollarBitcoin

These charts show the placements of the fibonacci retracements and fans: I think we could see some "Random walk" ranging behavior that will test the upper and breach, the lower bounds of the range.

ThousandDollarBitcoin

Attached is a longer term view with a bearish fib channel placed in yellow I think we will bounce between the channel before completing a sine wave. This would also fit nicely with the fib fan in gray, and the fib retracement in blue.

ThousandDollarBitcoin

The start of the month has landed on a Sunday, which when combined with the low liquidity of a Sunday suggests potential volatility. We have also been ranging near a big even ($60K), so we can expect many stop losses to be placed there, making it a target for liquidity hunting. The same can be said for the triple bottom at around $58K The full oscillation shown...

ThousandDollarBitcoin

Hi! The yellow price history shows that ranging volatility could break the lower low and higher high to seek liquidity by rapidly squeezing both sides of the market.. We just opened the weekend which usually correlates to lower liquidity, allowing the market to shake out. Most of the TA can be ignored here, this forecast is based on timing and the general shape...

ThousandDollarBitcoin

Hi! Thanks for reading. That supply zone in red is too good for the market to ignore, it can't help but wander it's way up to fill the orders still remaining from the initiation of that dump. Buys in red, sells in green. Entry/Close levels = dotted lines Stop loss levels = dashed lines Good luck and stay safe!

ThousandDollarBitcoin Updated 

Hey! Thanks for reading. Now that price is back in the middle of recent activity, I expect it to test the local supply and demand zones. Green box = demand zone Red box = supply zone The blue fib is drawn where the blue price measure is placed, this gives us a 1.272 extension at the top of the demand zone and a 1.618 at the bottom. The yellow fib channel is...

ThousandDollarBitcoin

The blue Fibonacci retracement was measured where the upper blue price scale thing is positioned and placed at the lower. The extension of that fib suggests a potential third lower low. I think it will then go to liquidity at the local supply zone before continuing down.

ThousandDollarBitcoin

Potential spike to liquidity before dropping back to current levels

ThousandDollarBitcoin Updated 

Potential bearish continuation and bounce to support