Possible H&S (the weekend = mind games, bumpy ride ahead) BTC
Good morning traders,
Yes we did breakout above the descending triangle or falling wedge (whatever your bias/edge was) it's still likely in terms of weekend price action probabilities that this dotted line which is currently holding up the market at the moment does in fact break to the downside and cause a lot of fear over the weekend probably to just end up pumping going into the weekly/monthly close afterwards.
It's very important to remain natural with your bias especially over the weekend as this is the time for the market makers to inflict max pain scenarios to confuse people before February's move comes which as of now could possibly be to the upside, however if we start closing below $32,000 the support level from which initiated the pump breaking the descending triangle and heading to $38,000 will be invalidated and be forced to see lower support levels over the weekend.
There's also a possible head and shoulders which will be confirmed if we break below $33,300 - $33,500 with momentum and force.
Support levels to watch for either s/r flips or confirmation / validation / invalidation points include:
1: $33,000
2: $32,000
3: $30,800
4: $30,000
If the bottom support trendline was broken, last support (neckline) is $29,200. (Above this level is still bullish so don't let weekend price action confuse you and scare you into selling going into next week because we're likely to see further price manipulation over the weekend before either breaking support and heading to $27,777 or breaking resistance and heading back to new ATH's within a week or two into the month of February which would likely put us around $50,00 - $60,000.
They will want 99.9% of retail to miss the boat on this next major move to expect fake outs and head games to mess with traders psychologically, emotionally, and inflict fear, fomo, etc.
Please get this technical analysis to 30+ likes 👍 to unlock a new post going into the weekly/monthly close which is arguably one of the most important closes since this bull run started or we broke all time highs.
Yes we did breakout above the descending triangle or falling wedge (whatever your bias/edge was) it's still likely in terms of weekend price action probabilities that this dotted line which is currently holding up the market at the moment does in fact break to the downside and cause a lot of fear over the weekend probably to just end up pumping going into the weekly/monthly close afterwards.
It's very important to remain natural with your bias especially over the weekend as this is the time for the market makers to inflict max pain scenarios to confuse people before February's move comes which as of now could possibly be to the upside, however if we start closing below $32,000 the support level from which initiated the pump breaking the descending triangle and heading to $38,000 will be invalidated and be forced to see lower support levels over the weekend.
There's also a possible head and shoulders which will be confirmed if we break below $33,300 - $33,500 with momentum and force.
Support levels to watch for either s/r flips or confirmation / validation / invalidation points include:
1: $33,000
2: $32,000
3: $30,800
4: $30,000
If the bottom support trendline was broken, last support (neckline) is $29,200. (Above this level is still bullish so don't let weekend price action confuse you and scare you into selling going into next week because we're likely to see further price manipulation over the weekend before either breaking support and heading to $27,777 or breaking resistance and heading back to new ATH's within a week or two into the month of February which would likely put us around $50,00 - $60,000.
They will want 99.9% of retail to miss the boat on this next major move to expect fake outs and head games to mess with traders psychologically, emotionally, and inflict fear, fomo, etc.
Please get this technical analysis to 30+ likes 👍 to unlock a new post going into the weekly/monthly close which is arguably one of the most important closes since this bull run started or we broke all time highs.
Trade active:
I will be uploading a new YouTube video sometime later tonight/tomorrow morning depending on when my new microphone arrives, so stay tuned for that! 👍
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CME charts to help you put things into perspective (closed at $34,855) for the weekend, which is why if we see fake outs to the downside this chart is interesting to watch and follow and pay attention to.
Enjoy your weekend, I won't be posting any updates until either a breakout to the upside (invalidated) or this plays out and we see $33,000 in the next 24 hours.
CME charts to help you put things into perspective (closed at $34,855) for the weekend, which is why if we see fake outs to the downside this chart is interesting to watch and follow and pay attention to.
Enjoy your weekend, I won't be posting any updates until either a breakout to the upside (invalidated) or this plays out and we see $33,000 in the next 24 hours.
Trade active:
stoch rsi
stoch rsi
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we broke down from the dotted lined up trend and retested it when we broke above the descending triangle.
we broke down from the dotted lined up trend and retested it when we broke above the descending triangle.
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fixed volume profile with POC
fixed volume profile with POC
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Trade active:
www.youtube.com/chan...YKBjQrcf6BHRGDfIskCA
Go subscribe to my YouTube channel! I'll be posing my 4th video later tonight 👍
Go subscribe to my YouTube channel! I'll be posing my 4th video later tonight 👍
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retail is going to get absolutely destroyed today when this falls
retail is going to get absolutely destroyed today when this falls
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The sound card is broken and produces a high pitch noise when the microphone is plugged in.....so no video tonight as I've got to contact the seller and get this replaced.
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Breakout took longer than thought yesterday but someone was pushing spot price up which was attempting to drag the market up, which eventually was overwhelmed by selling pressure.
New technical analysis once, please like/comment on this post to show your support for my accurate calls. (I don't have to share this with you lol so show love)
Breakout took longer than thought yesterday but someone was pushing spot price up which was attempting to drag the market up, which eventually was overwhelmed by selling pressure.
New technical analysis once, please like/comment on this post to show your support for my accurate calls. (I don't have to share this with you lol so show love)
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Trade active:
no reason to be bullish considering we broke a mini up trend and have 2 validation points on the 15 min chart, waiting for a 3rd to either close my scalp long or short hard again....time will tell nothing goes straight up or down remember this.
Scalping in between the ranges is the most profitable method by far imo.
I'll be away from my office today and with family so won't be posting until later on after weekly/monthly close with a new technical analysis for February targets etc and what we may see.
no reason to be bullish considering we broke a mini up trend and have 2 validation points on the 15 min chart, waiting for a 3rd to either close my scalp long or short hard again....time will tell nothing goes straight up or down remember this.
Scalping in between the ranges is the most profitable method by far imo.
I'll be away from my office today and with family so won't be posting until later on after weekly/monthly close with a new technical analysis for February targets etc and what we may see.
Trade active:
$33,777 long scalp target
$33,777 long scalp target
PA in confluence with stoch rsi