MY MINIMALIST CHART ANALYSIS FOR BITCOIN

$BTC
11.23.21
0528H +8 SINGAPORE

ALERT: It Looks like the market will form a head and shoulder pattern, down towards the USD 30k level. It will then make a measured move towards our EXIT Area of Value (USD 95K.)
We can shave off and it will correct before proceeding further up towards our next AREA of VALUE.

Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.


The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, FIB coils, FIBS, Market Dynamics, especially institutional and retailer trading psychology.

Always Set your tight stop loss as any geopolitical, natural/man-made calamities can change the course of a MARKET for our TARGET AREAS OF VALUE.


REMINDER: "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the MAJOR AND MINOR BOXES as a GUIDE where the MARKET will take you (expected turning points and or pivot points.)

INSTRUCTIONS ON HOW TO USE THIS MINIMALIST CHART ANALYSIS
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
The chart is based and created from a MONTHLY, WEEKLY & DAILY analysis of the DYNAMIC CHARACTER of a MARKET.

TARGET ZONE IDENTIFICATION
Indicated are TARGET AREAS OF VALUES These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, and MAXIMIZED AREAS OF VALUE.
At times I include WAY BEYOND PARABOLIC Price TARGETS.


Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors, they have been so much of a blessing that I also wish to share what I am learning.

Vive Le Autist!
Vive Le Diamond Hands!

Comment:

Second Scenario: On a Weekly Chart.

Watch those BULL-TRAPs

Comment:

Let us see if Scenario 1 will hit the bottom of a Major box in blue at the given Date

Comment:

On a daily

Comment:

On a Weekly: BTC still has to retest strong support twice. Good if it breaks so we can enter at a more advantageous price at around USD 30K zone. Also good if it does find enough buyers to retest USD 40K. Do not FUD, just be patient.

Institutional traders will always buy at the most advantageous cost for them. I do think these regulators will and are trying to create all the FUD so they can come in. That is trading life...

Merry Christmas to all!

Comment:

Looking at the TOTAL3 Chart on a weekly: The Market just did a bearish Fib 0.618 and most likely a measured move is to follow at the USD 400-500 zone. This will mean that BTC, ETHER, and all ALTS will continue further to a downtrend.

The brighter side is that a head and shoulder formation on the bearish Fib retracements. A higher right shoulder must be expected on a Total3 and the BTC charts.

Comment:

The brighter side of a downtrend is that we can expect a head and shoulder pattern.

1. Bearish FIB retracement 0.618 that follows a measured move rule that forms a higher right shoulder.
2. And a bearish FIB retracement of 0.382 that forms a lower right shoulder. I mean you just mirror the H&S on the opposite direction, and at this level, we ask ourselves if BTC can afford such a move?
Anywhich way, just be prepared, since the 2 options are great opportuinities.

Comment:

Same reading for TOTAL3: Formation of a head and shoulder. Looks bearish season for the short term if the right shoulder makes a lower one.

Comment:

BTC must complete the H&S pattern with a higher right shoulder before going to its base. This will then be a short bearish moment of opportunity for us to buy at a lower price. The bull trap will be over in a bit.