Many people want to trade BTC, claiming that it's headed to 10k or that a relief rally to 30k will come. There is no edge, no implied strength, and even not that much weakness, a trade in either direction with a stop loss will probably get wiped out.
However, if one was to look at the chart there are a few things that are evident:
- Bullish divergence...
Technical:
S&p500 holding critical support (yellow ema), a possible bottom will be 503EMA or circle marked in the chart, if Williams AO does its crossover, prepare for vacation.
Fundamental:
Rate hikes are the least of the worries, everything seems bearish. The only hints of hope are the US unemployment rate below 4% (somehow low), and the Ukraine war. NATO and...
Falling wedge above support, now about to reach resistance of 118, and also target of Adam Eve pattern. I expect a descending triangle after that.
This coincides with 10 year stock reset and 4 year crypto cycle. Time frame is a little bit too long, my excuses for that. I think from December 2022 till May 2023 we might see DXY finally going down. 2024 and 2025 is bull
When BTC is divided by the m2 money supply, we can see that current "REAL BTC" prices are not as far off from the 200 and 300 week MAs as it appears on the standard BTC/USD chart.
The drastic increase in the money supply has made a significant difference in how far off REAL BTC prices are from the 200 and the 300 week MAs as compared to previous market cycle...
The analysis from yesterday remains important and valid. It can be found here:
It appears Minor wave 1 most likely finished today and we are in the midst of Minor wave 2. It is possible the low prior to today's close finished Minute wave B. This means Minute wave C and Minor wave 2 will likely finish tomorrow. We will likely move up during the morning and...
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart USDT DOMINANCE brake out bullish flag pattern and...
i think the true bottom will be between 15k-24k with wicks. I can be very wrong but that looks like a potentially giant head and shoulders with the head being finished right now. forgive my drawing it sucks but I do think the bottom of the drop will be around the end of May beginning of July. I also think we will fall to the bottom of the largest parallel trend...
Hi traders. I'm up-to-dating the short-term scenario for this expected HEAD-AND-SHOULDERS' correction. The price action Is clearly confirms the supply zone for this trend with a strong reversal pattern, according to the analysis from yesterday. The fibonacci retracement 78.6-68.1% range is a good area to short. Good trading!☕
Hi traders. A short position at 78.6% for the day trade Is in conforms to the final leg of this broadening triangle, in confluence with the expected BTCUSDT HEAD-AND-SHOULDERS' correction.☕
Hi traders. A view on the bearish Crab XABCD Gartley Pattern which appoints a major reversal trend can help us to define a SUPPLY / DEMAND swing for shorts above 50% Fibonacci Retracement in this initial bear market till 38k DEMAND to long upward by a possible double bottom. The market will define the trend more clearly later.
History doesn’t repeat itself, but it does rhyme.
If we have :
H1=(52BARS)
H2=1.45*H1=(75BARS)
H3=1.45*H2=(109BARS)
T1=(364DAYS)
T2=1.45*T1=(528DAYS)
T3=1.45*T2=(766DAYS)
H3=109BARS
T3=766DAYS
About 20 June 2022
Of Course it's just thinking out loud.
Hello guys. This is my first idea. Ive been keeping this to my self for a while and it's been playing out so I taught to share.
If BTC breaks below that triangle , which has a support around $30,000 we are likely going to $26k
Once we loose that $22,496
I lean more on the bearish part of the whole market trend as we are somewhere around complacency on the...
G9er, Double Top, Rising Wedge, Bear Market Rally, Fib 61.8, Super Guppy Trend...
Enjoy......
Currently in SPY puts for June / Sep
Targeting 264
246
217
180
Possible that we ignore all TA and continue to hold levels regardless of this outlook. Just looking at this as a possible short scenario. Good luck to all
