This is how I see Netflix, we're seen these moves happen several times. I expect the price to move down before we continue up.
This is a possible scenario where we see the price move up to the outer trendline before moving back down to retest the break level of the first falling wedge.
This impulse from above, into this ascending channel is making me believe the price will move out impulsive from it as it often does, to the downside. And the price target is at $165 area which is where the ascending channel started.
We're currently close to the middle and I closed my positions. The price has no clear direction of where it's gonna go now, so now I will wait until we either move up to look for sales, or move down to look for buys.
This is alarming, and it's a way to transfer wealth from the poor/middle class to the wealthy people. The uneducated poor people is driven by fear and FOMO, fear of missing out. After a bull run like this, everyone jumps on board due to FOMO, but not everyone can make money, we have one winner and one loser. We see a lot of similarities between 1990-2000 and...
We're seeing a similar scenario to BTC/USD where the price had a channel and broke down to $26000 which I also posted about. It's very likely we're going for $1600 before we bounce up to last support which then will form a resistance. What happens after that we'll see but so far this is a high probable scenario.
I've been posting a few analyses since November 2021 showing that Bitcoin is about to move down, how far I didn't know, but the more price action I see the more I get confluence that we're heading towards between 12-13k price point. We'll see what happens after that, I can not say now.
It is a possible scenario if we see that we are in a recession at the end of June that we're going down to the trendline and a 4th touch at around 9000 price level.
Ok. There is a bloodbath going on. We could see the price go to around $400 as drawn on this chart. If we do, I'm gonna go long, hard.
We are gonna see a push now to the downside, either to 20.000 or around 13.000 before we potentially see a shift to bullish momentum. Be patient. I have waited since November.
A Squeeze, either we drop hard or go hard up. My bet is up!
My guess is that we will see a free fall down to a 13k area before we see a pump to 72k or higher.
We might see Bitcoin come down to 12.000 or LOWER. Be aware of this and possibly not get tricked into this "4-year cycle" nonsense that has happened twice. Two times is not statistically proven. It can be that we are seeing a bull run now, but be aware that it might just not be the case.
This trade looks similar to my BTC/USD analysis I posted long term ago that has played out very well. I try with this tight stop loss but will most likely have to re-enter several times to get it right.
Looking back in history we have seen three similar drops like this one before. And prices have bounced very nicely up from that area. This is the time the rich get richer, meanwhile the poor get poorer as they close their losses instead of adding more. I am pretty sure we will go down more but it's still a good opportunity not happening very often.
1. Overall down-trend 2. Trendline going for a 3rd touch 3. AWR - Average weekly range HIGH is close to Fibonacci 0.618 AND the trendline If the price respects the average weekly range it's lining up with the trendline and Fibonacci 0.618 at the same time. These confluences line up perfectly and could mean a continuation of the down-trend. Good enough for me to...
I'm doing some technical analysis on this one, but it doesn't matter much. My strategy is very simple, to buy every $10.000 price drop on bitcoin for €50k each = 200k investment. The strategy is buy and hold. A loss is a loss first when you close your trades. Scenario, it goes down to 10k, I have 200k invested, this is best scenarion more or less because the...
A nice short position opens up after a grab of liquidity above channel