BTCUSD: Daily, weekly, biweekly, bimonthly T@M breakdown
As in my $ETHUSD chart, this $BTCUSD analysis focuses on Time@Mode signals. We see multitude of signals aligning here, and it's no small deal.
Once we move up from this zone -if we do-, we will have multiple high probability signals indicating we hold long exposure, and even add to it, as $Bitcoin prices soar. Once we reach the 6475 mark things get interesting, specially if we hold above it.
Let's see how things shape up.
Best of luck,
Ivan Labrie.
Once we move up from this zone -if we do-, we will have multiple high probability signals indicating we hold long exposure, and even add to it, as $Bitcoin prices soar. Once we reach the 6475 mark things get interesting, specially if we hold above it.
Let's see how things shape up.
Best of luck,
Ivan Labrie.
Comment:
Weekly uptrend now confirmed in #BTCUSD, targets on chart (cyan boxes), as long as holding above 3630 we're good to go during 7 weeks
Trade active:
Comment:
Notice price dropped on the day the daily Time@Mode trend signal time expired...today.
Trade closed manually:
I think we may drop once more, one last time, sentiment got too positive here, reminds of the time we botomed at 6k, and then traded sideways extensively. I'm gonna sit it out in cash. Watching weekly developments. No rush to buy back and hodl, for now.
Comment:
Price hit the daily target but might fail to reach weekly targets on time, this makes me think we will retest the cyan box level, or even tread below it briefly, to make a final capitulation bottom, could be lower or a higher low.
We need to wait two weeks until the first week of April to look into buying back into our crypto positions, by then, we will have a very low risk buying opportunity
I'm currently in cash in crypto accounts.
We need to wait two weeks until the first week of April to look into buying back into our crypto positions, by then, we will have a very low risk buying opportunity
Comment:
Looks like a short term top here...or intermediate term.
Last: 4012.37
Last: 4012.37
Comment:
Trade active:
Actually sent an update to my clients to exit the hedge and buy back when ETh and BTc broke the high of two days ago (roughly $8 loss per ETH).
Comment:
Weekly #BTCUSD is trending, target #1 hit ahead of time, but may march towards target #2 soon, also aligns with the target from the biweekly downtrend expiration (6427.16)
Weekly #BTCUSD is trending, target #1 hit ahead of time, but may march towards target #2 soon, also aligns with the target from the biweekly downtrend expiration (6427.16)
Comment:
The next 2W bar in #BTCUSD will trigger a long term trend reversal confirmation signal, further strengthtening the bullish thesis
As expected, this time seems to have been different since the bottom occurred sooner, and there was no 'double bottom' pattern
Trade closed: target reached:
Nailed this, see up to date publication.
