UnknownUnicorn15302902
Well BTC 1h gave us confirmation of the breakout, as you can see the large spike in Volume. This is a very bullish sign. We will wait to see what kind of upside we will get from BTC over the next few days. We are not out of the woods just yet. We need that daily confirmation first before we get too excited here. But this is a good start.
Hey guys here is a quick update for you guys on BTC and the bull market. We are looking for some consolidation here then a bounce and break out of the falling aedge pattern. If we break 29.5k I will consider the bull market finished. Watch these levels above for support if we break the macro trendline. Not much else for me to give you. Trade safe. Protect your capital.
@everyone be careful of BTC right now. It will be shaky couple of days. I think we may have a wick to the lower trendline today. Everyone is going long so it's time to liquidate some leverage trades. Be very careful of alt coins they will get destroyed over these highly volatile moves.
Total Crypto Market Cap, seeing some recovery here. Same setup as BTC. We are looking for a double bottom in this falling wedge. It is a very common thing to see and another confirmation that we are likely to breakout. If we show signs of rejection on the upper trendlines I will look to exit some short term positions. I suggest you to do the same.
We are having a nice little bounce here, but don't be fooled just yet. I am very convinced this is a bull trap to get everyone to go long. Then we will likely break this upper falling wedge resistance trendline and convince the market we are reversing before having another shakeout to liquidate the longs and then continue up. If you are holding for the long term...
Hey guys, here is what I am looking out for from BTC over the next 30 days. This idea is based off the Wyckoff accumulation pattern. It's a classic retail shakeout tactic where institutional investors fill or their cheap BTC orders while we sell low and buy back high. BTC dominance is starting to trend higher so Alts will likely get wrecked over the next 30...
BTC dominance starting to trend higher after a very long period of time, Notice how BTC is sitting at around 40k, BTC dominance is rising, and Alts are bleeding hard. Money is quickly leaving the market. Based off my previous triple bottom idea I posted previously. We could easily see alts drop another 20-30%. Just be wary. Great buying opportunity for the long...
Hey guys, BTC is resting on a key support, breaking this level would mean the short term up trend is broken and we will have to reassess the next zones of support. Here are the bearish order blocks that will likely get filled. MACD, RSI and Stochastic RSI are all trying to curve upwards currently, we are looking for a small short term bounce out of BTC before...
BTC Daily looks like we have tested and confirmed this trendline. We will need to wait for a daily close for confirmation. Confirmed on 4h currently. I bought in some more to DCA (dollar cost average) down my BTC entry. I don't want to see BTC break this macro trendline. Or we may have to look for a new area of support.
BTC 4h now and during the May 2021 Dump forming the same Wyckoff Accumulation pattern. Will be very interested to see if this plays out. Something for you guys to keep in mind. I am forecasting we range for the next 2 weeks then move to the upside
Here is another idea I am thinking about. There is a Daily order block between 40.8k and 42.6k where we briefly wicked down previously for about 5 mins, after we quickly recovered, there is a possibility we dip back down again for institutional buyers to get their buys in before we can move back up. Just an idea to think about. Set some alerts.
BTC 4h could be forming a double bottom reversal pattern here, Slight increase on volume over the last day.
BTC 4h idea, not much happening on the chart right now. Potential for a chart reversal soon. If it plays out, we could be moving higher, if not I have buy orders set in the next orderblock zone. Updates coming as we go...
ENJIN looking pretty good, Low volume but very bullish setup here. Daily pattern so very strong in this case.
Sand forming a larger bull pennant pattern, easier to trade for beginners. Buy the retest of lower trendline or the breakout of the upper trendline. Take Profits in chart.
AVAX broke my previous trendline, but volume is continuing to decrease so we have to reassess the pattern and adjust the upper resistance trendline. We always look for volume confirmation when looking to enter a breakout. You always need to be open to adjusting your ideas.
Defi Perp looking bullish currently, depending on whether or not this pattern plays out we could see some nice upside for defi projects. Keep an eye on this chart.
BTC dominance sitting on key support, if we break this level the market or more specifically BTC could potentially take another hit. All just an idea at this point. Something for you guys to think about.