This could be a huge bear trap setup right here just like 2019.
The SPX500 holding support nicely for now , even though we are hours away from opening yesterday close was pretty good .
If we remain in this ascending channel it would be the final flush out before the next leg.
Lets not forgot the higher timesframes are looking good , contracting histogram momentum to the upside .
The legendary hash ribbon buy signal with crazy hit rate.
If we break this ascending channel the 2019 playbook goes out the window and we go back to the charts see what we can find but until then , setup for a long ,could take a week to build divergence.
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alot of Binance FUD , seems to be like the perfect bear trap , stock market still green , if stocks close green today much higher chance it will be a bear trap
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They are going to stop hunt till 2am GMT early morning then PAMP
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Come onnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn baby , NAS100 up 2% , 24k by monday or i retire
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Since june 2022 the daily buy on a indicator which i cannot show cause its against house rules has now flashed on , lets see how the daily closes .
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interesting we had this fractal on the 1hourly play out
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Rising Wedge on USDT dominance chart forming!
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so far every 4hour candle since dump has closed above channel , we find out how this rolls very soon
Deep RSI buy flashing on MC B 12hour , last 4 times it flashed buy we had these moves , confirms with with close , just another clue
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When price is moving sideways like this its always good to use Money flow , on the 4h hour it just flipped bullish and on the daily showing signs of a bottom .
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VWAP reset now flipped mostly positive , these are all good signs for now
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BTC vs USDT
tick tok
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Money flow still climbing on the short timeframe but this volume is crazy low, all the exchanges dropping silvergate really taken volume out of the ecosystem.
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For over a year now been using this channel on USDT with amazing success , every move we are normally one step ahead .
I was digging yesterday and found something pretty amazing , USDT dominance in mirroring 2019
We have the breakdown from the mirco channel , first pullback it comes back up to mirco channel and creates rising wedge .
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lets see a break of this rising wedge to the upside and i call it
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Once this rising wedge gets invalided on the USDT dominance ,Bitcoin will break under 21.5k , this is the line in the sand , ascending channel will be broken also , until then the 2019 fractal could still play out but at this point much lower chance.
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Patiently waiting for a invalidation of the rising wedge still to put to rest the 2019 fractal and move.
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Doomsday 2008 fractals everywhere :P , powells fed speech has the market in full fear mode , for me its extremely bullish short term , we DO NOT WANT a pause of the fed rate , look what happens at pauses.
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we done here
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well technically we still mirroring we now pulled back exactly same amount as 2019 aswell , but ye thing its time to bin this idea
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You know what guys , just seen a 3.5k BTC call on twitter , its time to long .
250k x3
STop loss 21200
take profit 35k
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Stop hit , god dam broke all patterns , all fan fibs . everything :P , on to the next trade
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cme gap closed , next level for me would be 18k at this point
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hold or bust
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god dam it was a bear trap in the end but went mucher deeper than i could have expected , the classic bear trap all the way down to CME GAP
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The plan since last july has not changed , 35-48k top
@hoangd33, i think he ends up in mcdonald's first :P
cryptodreamer79
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What if 26k was a huge bull trap and your foot is stuck in the trap now.......
Sporia
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@cryptodreamer79, We got in a pico bottom friend ,nobodys foot is stuck anywhere :P
flappie000000
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thanks for sharing! we will see which way we are going..
Dukenukem128
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@cryptodreamer79, so true, S&P 500 was close to dieing and fed guy baits the market by mentioning rate pauses if inflation comes down (well duhh), S&P starts to rally (dumb money)... where as BTC seems to think its fake pump (which it is) and instead it drops 5%. We could easily see blood on streets next 2 months... bad CPI in march, hawish fed end of march, and another bad CPI in april... 3 red hammers capsulation GG goodnight