Legutz

Legutz

This is looking like a bull trap, I am expecting 4H close below 30K. Ohh boy....

Legutz

Seems like the cycle is going down, inverse of the push to 40K.

Legutz

Possibilities/Likelihoods/Sketches This was a very weak breakout off the descending channel either we will fail right away, or come into resistance and then fail.

Legutz

We are going lower, everything is.

Legutz

We failed to outcome the channel resistance, and dumped right away weak move, and we are heading lower.

Legutz

It is looking like BTC has formed yet another bear flag/bear pennant. Also it is likely that we bounce to 55K and go further low from there. Low 40s are certainly in the cards regardless, we got a nice demand zone there, and also we also would fill that Elon Imbalance.

Legutz

Aight Both possibilities, break to pattern target calculated by 50% and 70% of pattern. school.stockcharts.com Recomended article explaining this. This can't be a bear flag, the time lapse is too long.

Legutz

Bitcoin 4h look: We can see on the 4H that a symmetrical triangle has formed, this is an un-biased pattern, although we are in a clear uptrend, and these kinds of patterns usually come as continuation patterns, the green boxes, and red boxes mark, support, and resistance areas. Regardless of this being a continuation pattern, we must pay attention to the other...

Legutz

This is a multi-timeframe analysis: Divided onto the following tf's: weekly, daily, hourly. Daily: We are clearly testing an important level of support on the daily time, this is followed by an unconfirmed bullish divergence on the 1 day tf. We can observe that based on fib-trend based extension we got rejected previously at the .786 opening the doors to a...

Legutz

There is a descending wedge for BTC.D which is bearish towads alt coins, they are just trash, imo altcoins are penny stocks.

Legutz

We can observe descending volume, on this trend bounce, which I am not liking, this means that the bounce is (weak). There are multiple scenarios that can play out. 1.) We cleary can see that we were in a symmetrical triangle/bull flag, although a new bull flag might be confirmed, with this bounce we might have here. This scenario has three possibilities, we go...

Legutz

We must not dump below 52K anytime soon, that is very bearish that is the end of this bullrun. I am not planning to be a bag holder, it is what it is I was wrong if it happens, and all I would have left to say is sorry.

Legutz

This is the most important support, dont be fooled.

Legutz

Hold strong, this is just a shakeout.

Legutz

Up we go, there is no other way, bonds have started going down. DXY will fall subsequently, stocks are rising, whos missing? Yeah BTC needs to raise.

Legutz

2.272 fib level i'm coming for you. Then after that idc. Idc wherever the price moves up down sideways, I have a target, and an expiration date. That is it! Keep on HODLING, because the ones that will be rewarded will be the holders, these big wicks and stuff is just dumb people playing with 50x-125x leverage, that want to get rich quick. The only thing that...

Legutz

This is just a fakeout, until we see the volume pick up to the previous high the direction hasn't changed.

Legutz

Clearly we are testing a very important resitance for DXY, if you dont see it idk what to tell ya. Cheers!