🚨 Market Update: Mt. Gox Trustee to Commence Bitcoin and Bitcoin Cash Repayments in July 2024 🚨 Fresh news this morning about the Mt. Gox Trustee starting Bitcoin and Bitcoin Cash repayments in July 2024 has injected new fear into the markets. As a result, BTC has dipped below $61k. 📉 Chart Analysis: - I was monitoring the H8 demand area, which had been...
**The Wyckoff Reaccumulation Cycle Within an Uptrend: A Comprehensive Guide** The Wyckoff Method is a technical analysis framework developed by Richard D. Wyckoff in the early 20th century. This approach helps traders and investors identify market patterns and trends, providing valuable insights for buying and selling decisions. One essential component of the...
I've been implementing this macro pattern in my trading activity even before 2023 started, due to the Tritch Matrix, a cycle theory of investment proposed by George Tritch. The theory suggests that it's time to purchase assets at the beginning of a new cycle, which is predicted to peak in 2026. With this understanding, investing in Bitcoin seemed to be the...
This is a refined / updated version of my old 'BITCOIN BLUEPRINT' Macro Matrix. I struggle with finding the right display format for the charts on publishing tradingview ideas. Here is the chart organised so everything is visible. We are now seeing bitcoin story develop from its negative bias, into a positive one. ETFs have now been approved, aswell as...
With the advent of the Fairlight fToken Protocol by Fairlight Protocol & CLTV finance, the DeFi landscape on the Bitcoin network is poised for significant transformation. This protocol introduces a novel mechanism for locking assets within the Layer 1 Bitcoin network (with a current live / ongoing staking campaign), enhancing security and trustworthiness in DeFi...
What an awesome chart (For Bitcoin maxi's that is) here this shows Gold in relation to Bitcoin.... Here we can see the halvening (blue vertical lines) and the decline in gold value respective to Bitcoin, we can see an 80%+ decline each cycle. The next halvening date is April 2024, (Red vertical line) After the move has moved to a new low, we can see that a...
Bitcoin Blueprint for 2024... Looking at the OVERWATCH, Can see divergences printing on the weekly for peaks and bottoms. Can see the trendshift on each trend apart from the trapped liquidity from the bull trap up at 69k. (yellow dotted line) Image credit: @bitcoin__apex
With the advent of the Fairlight fToken Protocol by Fairlight Protocol & CLTV finance, the DeFi landscape on the Bitcoin network is poised for significant transformation. This protocol introduces a novel mechanism for locking assets within the Layer 1 Bitcoin network (with a current live / ongoing staking campaign), enhancing security and trustworthiness in DeFi...
Overall performance rank (1 is best): 17 out of 39 Break even failure rate: 12% Average rise: 43% Throwback rate: 67% Percentage meeting price target: 69% The Adam & Eve double bottom pattern is a bullish reversal pattern that has been identified on the SOL Intraday price charts. Initially, SOL experienced a sharp decline from $180 to $155, forming the 'Adam'...
Plenty to disect here: Falling channel type pattern which can signal a potential reversal. There is a 4 drive pattern to steal liquidity (White dots) - see additional Blue dashed support line with Whale signals on each touch. We have Overwatch bottoming and divergence present
• 2s30s spread : The US2US30 spread refers to the yield spread between the 2-year and 30-year U.S. Treasury bonds. The chart visualizes the difference, or spread, in yield for these two bonds over time. The 2-year bond represents more of the short-term outlook, whereas the 30-year bond is more indicative of long-term expectations. So, when people refer to the...
Naming this the E9 Eraser Pattern as it literally erases traders out the game... Impulse leg creates a peak with liquidity pool above the peak, this area (usually the wick area) is eaten into signalling to go short, as price moves in that direction price is sharply reversed after an internal structure break, trapping said short traders. As price breaks/pushes...
Have been monitoring link in this range for some months...the weekly range is clear as day. WEEKLY weekly price action is showing that the upper key area (red) is being rinsed out... everytime a wick moves into this area it is sold off. Now looking at the first three times price has entered, it has produced an engulfing candle, showing strong reversal, to lower...
Well here we are: another Cramer recommendation: fade it!
Bitcoin falling wedge pattern on the higher timeframe charts looks good... context: has moved up into new territories around 30k and has tried to push higher but failed, being stuck within range bound trading, we have seen the range get traded many times, now we have a small dip below the lower end of the range aswell as falling wedge pattern which signals a...
Have another setup here, theres a couple of entry points here, one is here on the button of the golden pocket... there is also a chance that we could see a wick down into the bright green area on h1 chart as this is a value area. So scaled positions could work great here. Targets are up at the m15 sell area in confluence with h1 fibb targets. will update in the comments.
Another entry from the short term trading perspective. Previous entry was bang on, simply rinse and repeat here. Structure in tact, move down to retest the KL, previous fibb entry/ scaled position you can see here, minimised risk, currently sweeping daily lows, perhaps see a dip into yesterdays Value area low below 29175, currently tarting around in yesterdays...
Richard Heart aka 'Schueler' lol is being sued by the SEC for HEX / PLS / PLSX, therefore re-living some of the feelings that went into HEX after its run up. Its always awkward when exiting a project, especially one that has been held to an ATH. But the precision + time shows that the right decision was made. This was from simply the OVERWATCH Signals plus...