TL; dr - The public is FOMO and won't sell until 10K. Once 10K hits "good news" will cause WORLD WIDE buying at the top. CNBC, CNN, MSNBC, the Twitter and YouTube, the TradingView gurus - will all tell you BUY BUY BUY!!! You can buy now and sell to the FOMO buyers between 10-13K or you can wait and buy the pullback at 5750. This analysis is based on Steve Nison & Tom DeMark trading strategies.
1D SMMA 5 = SUPPORT/DEMAND >> 7 Arrows:
1) Hammer-esque (Breakout of 1M Bullish Engulfing Pattern resistance)
2) SB (Supply Bar) / Panic Absorption
3) NS (No Supply) = Spinning Top ( (down) "trend losing momentum")
4) DB (Demand Bar) = Morning Star ("bulls now in control") (support)
5) Panic Absorbed
6) Panic Absorbed = Piercing Pattern (support)
7) Panic Absorbed
What this says is: SMMA 5 IS A PANIC ABSORPTION / BULLISH REVERSAL LINE
According to this strategy, EMA 30 is deeper support. So until further information is available, 7200 will be a solid demand area.
Steve Nison's COP (Change of Polarity) Breakout Strategy has Bitcoin on a BUY signal. The large white candle broke out (aggressive buy signal). The following white candle close above 1D Bearish Engulfing Pattern resistance is price confirmation of the bullish trend.
The next target is $10,000.
DEMARK 9 = SATURDAY PUMP
3D STOCHASTIC RSI HAS ALREADY CORRECTED BULLISH
Traders waiting for "THE DEEP CORRECTION" based on Nison's "Pull Back to Sweet Spot" strategy will have to wait until 5750.
Combined with rational 1W DeMark strategy we could expect the apex of this bullish move between June 1st-3rd. The 9 could breach 10K, cause the media frenzy FOMO buying at the top with the bearish reversal.
ROADMAP 10K --> 5750
1D SMMA 5 = SUPPORT/DEMAND >> 7 Arrows:
1) Hammer-esque (Breakout of 1M Bullish Engulfing Pattern resistance)
2) SB (Supply Bar) / Panic Absorption
3) NS (No Supply) = Spinning Top ( (down) "trend losing momentum")
4) DB (Demand Bar) = Morning Star ("bulls now in control") (support)
5) Panic Absorbed
6) Panic Absorbed = Piercing Pattern (support)
7) Panic Absorbed
What this says is: SMMA 5 IS A PANIC ABSORPTION / BULLISH REVERSAL LINE
According to this strategy, EMA 30 is deeper support. So until further information is available, 7200 will be a solid demand area.
Steve Nison's COP (Change of Polarity) Breakout Strategy has Bitcoin on a BUY signal. The large white candle broke out (aggressive buy signal). The following white candle close above 1D Bearish Engulfing Pattern resistance is price confirmation of the bullish trend.
The next target is $10,000.
DEMARK 9 = SATURDAY PUMP
3D STOCHASTIC RSI HAS ALREADY CORRECTED BULLISH
Traders waiting for "THE DEEP CORRECTION" based on Nison's "Pull Back to Sweet Spot" strategy will have to wait until 5750.
Combined with rational 1W DeMark strategy we could expect the apex of this bullish move between June 1st-3rd. The 9 could breach 10K, cause the media frenzy FOMO buying at the top with the bearish reversal.
ROADMAP 10K --> 5750
Comment:
Combining 2 different Nison strategies really has 7950 as a solid get the fuck out signal. YOU'RE BEEN WARNED!
Comment:
BULLISH UPDATE. CME CLOSES IN 10 MINUTES. 10K TARGET NOW?
Comment:
There will likely be an extremely high volume price movement on Bitcoin Sunday night 23:00 to Monday morning 00:00. Be prepared. This can be either bullish or bearish. This is based on 1W TD Sequential, candlestick analysis, and CME.
Comment:
I'm not sure how much I can articulate this into words. I think BTC and alts are going to explode bullish. I looked at all Top 10 BTC USDT ETH pairs and most simplified it appears to me that we're in a no-supply, high-demand situation. Operators are going to move the entire market up HARD in my opinion.
Comment:
An explosively bullish first day of the month is how to begin a media FOMO campaign. Hello Monday morning!
Comment:
OBSERVATION:
A CLOSE BELOW SMMA 9 IS MET WITH A CLOSE ABOVE WITHIN 1-2 CANDLES.
HYPOTHESIS:
A BREAK IN THIS PATTERN IS A BEARISH SIGN WHICH MAY LEAD TO A DEAD CROSS OF SMMA 20.
DEMAND MAY BE FOUND AT SMMA 50 IN THE $7,050 AREA.
ACTION:
SELL IF WITHIN 20H PRICE IS NOT > SMMA 9.
A CLOSE BELOW SMMA 9 IS MET WITH A CLOSE ABOVE WITHIN 1-2 CANDLES.
HYPOTHESIS:
A BREAK IN THIS PATTERN IS A BEARISH SIGN WHICH MAY LEAD TO A DEAD CROSS OF SMMA 20.
DEMAND MAY BE FOUND AT SMMA 50 IN THE $7,050 AREA.
ACTION:
SELL IF WITHIN 20H PRICE IS NOT > SMMA 9.
Comment:
A close below MA 3/12 (Dead Cross) will be a harbinger of a deep correction. Last 3/12 Cross was May 01 @ 5300.
Trade closed manually
14 of 48 days tested 1D SMMA 6/9 and found demand.
sub 7950 = bye bye.