Market Makers managed to push BTC under the important support of about 28200 . As you know from my previous Analysis BTC is very well correlated to SPX and it does not look good there either. I try not to do margin trading so I sold some of my BTC and put a BUY order around 21k . (Many OGs hope that BTC will not fall lower than the All time high of the previous...
BTC just went out from a triangle to the upper side and is currently re-testing its support. The market makers do not really have a great move to shake out big shorts nor long positions. Check out out how massive amounts of shorts were liquidated Nov 4th to 7th (and a few days beyond as BTC held its level...) SP500 did crash and the FED still pushes money into...
Nice set up. Super fundamentals, Grayscale just bought for another few millions. Fil has not been nice recently from the charts, while everybody goes for hype coins like NFT´s. The narrative hasn´t changed whatsoever and storage will always be a huge problem, also for gaming and nft blockhains ;) Anyway, I didn´t have the time to put in all my thoughts to this...
Whatever you want to make of it. I just put a short on 12.405 It´s already going down...
Remember, this is not financial advice. Just perfect entry points and possible Stop Loss areas. RSI on 4 hours is slighty oversold. Here my suggested resistance lines.
If there won´t be printed another couple of trillion dollars , it´s a good time to short (it´s so unbelievable that we are talking about tenth of thousands of billion dollars being printed within just 3 months .... but most people don´t even blink their eyes when they hear that number). Slightly around 30k with a tight stop loss just above it. and the another...
If you put a close Stop loss , you will have a good risk-win if you start a short. I personally was looking for the magical number 30k which it already achieved (well, it was 29996). Reasons to short: 1. On all the fib levels the DJI had a resistance until it broke through. it will climb down the fib circle just like on the other fib levels before. 2. I am...
Big drop today when covid numbers hit the waking of the German stock exchanges, forming a perfect school book head & shoulders. I expect a small bounce at the neck line. And then it will go down... until the next "stimulus" (or trillion Dollar printing in own pockets), is not full on its way. Buy gold, if possible physical coins.... This is just an idea, no...
Not good for my short: on Mondays, BTC tends to open higher with opening of the stock exchanges. SL tight about red line new triangle
It looks like another financial government shut-down comes ahead. All the signs and news are showing more and more the bad sight again, esp with a jump in all the corona cases and lock-downs. This is not a financial advice.
The creators will push it up to 0,95 to 1,06. At least! Enjoy! (I have put another buy order at 55 cents....)
I keep it simple: data looks good on this one. The GBP AUD pair hasn´t been this low for almost 2 years. Stop loss 3 % below the first low around 1.767 , And then go another Long on the 5 year low on the very very bottom as seen in the pic 1.73 I let in run against the S&P500 but it doesn´t fit in the chart. Amazing the correlation that just now seems to...
A diamond chart formation is a rare chart pattern that looks similar to a head and shoulders pattern with a V-shaped neckline. Often to be mistaken as an upcoming Head and shoulder formation. There are a lot of similar Diamond pattern on others charts right now. Usually, diamond pattern use to work out quite often. Let´s see how it will play out. (Personally, I...
Is this a fundamental trend reversal? Tell me what you see in the comments
I had copied the former pink channel to the new high. Now, it turns out, it seems to be in play. For 10 days or so , the news has been like: it´s all over, vaccine found, Remdesivir will save the world etc. Today, the main news started to frighten the people again. I am still believing that S&P etc has a big correlation with BTC. News yesterday change to be...
...and tomorrow evening the Friday drop to follow. Will DJI and BTCUSD meet back together? And where?
Will history repeat itself? The waves looked so familiar so I copied them and put them over the present situation. Will Bitcoin dump before the halving is complete?
Each Friday the same thing: the (professional?) trader get out. Weekend , family, whatever. The volume stays low the whole weekend until the first Exchanges in the East open. And bam: BTC changes drastically. Right now, the last Mondays the price goes up. This weekend starts a day earlier. And voila: btc drops. HAPPY EASTER! This is not a financial advice.