I bealive this is the final top of Bitcoin which it means NO more HHs in Daily. After pullback to 43.8k the next stage will be 33.9 and MAXIMUM 32.8. If price Drops bellow 31.8 (it shouldn't be touched)next Higher Time Frame movement will be a bear wave to 21.8. If it stays above 31.8 it can go up to 46.8. But I think the maximum price will be BELLOW 48.2. And...
8.5/10 is the probability of not engulfing this pivot. It's likely to be final lower time frame bottom pivot. and after the market open, it will rally without making new LL or wasting time. or maybe even will open with a GAP up and continue to rally. I have a plan for Full daily reverse on Red lvl's. The possibility is high.
In every fake phase there is similarities : - Pervious Trend was massive - Classical Technical analysis patterns are forming in HTFs - Difficult to understand what "THEY" are doing (so what it will happen in result) - Lots of opposites in patterns, indicators reports and a gap between BUY scenarios and SELLs. 2 sides are probable to happen. - A SHARP move will...
this is a simple classic TA view. it's necessary to see "at least" one big weekly candle. this is when you can understand the pivot is formed. don't try to be smart and sell the TOP TOP price. it wouldn't work for btc. wait for turning and pullback.
I believe it's a decent short setup. My stop loss will be above "KEY" level. it should not touch there if it's gonna fall.
I believe it's a decent short setup. My stop loss will be above "KEY" level. it should not touch there if it's gonna fall. I also believe there is one more HH in the LTF uptrend. I will put a sell limit on 26196.
You can hate me. That's cool. But it wouldn't stop it from dropping. So you think because every tech guy and magazine and stupid believers said "BITCOIN WILL GROW FOR EVER", that will make it happen? Are we living in heaven ?! What about the fair value? Who do you want to sell to if there is no one to buy it from you?? Who are the buyers? of course whales....
for educational purposes dont trade it. unless with your own setup and strategy
my dear friends. In this chart you can see I am bearish on NZD. And that is true ! ;) All the details are marked. I'm open for any logical question. ======= Let me add this : If the "KEY" level get's Engulfed the chart is not valid anymore. so the stop loss of my opinion is touch of Key lvl.
There's not much to add. This are just CHARTs. Be careful and AWARE.
Next fun fact : In my terms, it's proof of oversold. You can have your own perspective
Don't judge. You MUST see the BTC analysis first : I had this idea for a long time now :
Not a financial advice or trading scenario. Just for fun. Enjoy ... ;)
I see eth bullish until engulfing 0.05 Correlations are important in this cases. Check the divergence between majors. BTC could be replaced by ETH.
There is a Hidden Divergence in daily TF. It's strong. We should see a Big range day in this week.