Here's a quick look at the BTC 4 hr . chart. As we can see, the price has formed a descending triangle, and a break, either way, will happen soon! It is important to note that there exist significant unfilled CME- and Fair value gaps situated below the current price. As a general trend, these gaps are known to be filled eventually. Thus, it would be reasonable...
But, this is bear pattern.. And the theorical objective is scary.
Interesting 1 week view of Apple showing trend from 2022 and about to offer in similar territories.
#14 hello guys Happy Nowruz ! hope you had great holidays , BTC has been touched fibo resistance and after 15 H could shape a nice Doji candle and this two signals plus week volume can have bearish signal for BTC - Always be in profit !
Looking at the recent price action on $spy shows us a clear bear flag in formation. There was no break out of the channel yet and the momentum has shift upwards so we will likely see a short term upward price movement first for the week of Mar 27 before we see downward momentum, subject to a catalyst (likely Core PCI numbers and the end of March). Cheers!
Here's a quick look at FET 2 hr. chart. As we can see, the is currently at the apex of the triangle, and a breakout, either way, could be around the corner! The best entry would be when the price breaks above 0.375$. ------------------------------------------- The idea is: Buy when the price breaks above 0.375$ and take profits at the levels shown in the chart....
...dont be the sucker longing into resistance. still not going to write this 5 wave idea off for bitcoin, until this potential w4 closes inside w1 space $btc may still head south ("the deep south )
It is helpful to view past recession trajectories to get a visual idea of where we are at the moment. I chose the recessions which were most relevant to today's market conditions. The 01 (purple) and 08-09 (dark blue) recessions were the first "modern" recessions where MMT was being implemented and tech made up a significant chunk of the market. The 70 (reddish...
Here's a quick look at the 8 hr BTC chart. As we can see, the price has been oscillating within the bigger broadening wedge. This kind of price action is tough to predict. The CPI data came in low at 6.0%, which pumped the whole market. With a series of lower lows and higher highs, the bulls and bears are getting rekt simultaneously! If the price stays within...
Here's a quick look at the 12 hr. BTC chart. As observed, the price has yet to break out of the broadening wedge pattern. The oscillation of lower lows and higher highs has resulted in losses for both the bulls and bears. If the price remains within the broadening wedge, a probable move to the downside may occur, though there is always uncertainty. Additionally,...
SPY opened today within my "interesting zone" — an area with substantial gaps up down/left/right and a place where I had no idea what to expect. For a moment, it looked like we might actually break out! But a swift and final rejection of this zone on the last 65m seals the deal for me to sum up a bearish thesis. All signs point to more down as we seek liquidity...
Hi traders, I'm sure everyone who watches markets has made some kind of chart like this over the past six months, but I thought I'd share for those of us more comfortable with reading price action rather than economic reports or the news (obviously one needs both to be a truly excellent trader or analyst). I marked off with the pink vertical lines every low...
As you can see on the charts that it has created a Head & Shoulders pattern on Weekly timeframe Their are 2 possibilities 1. Break of Neckline and Continue dropping 2. Making W Pattern on weekly timeframe and turning bullish
Hello traders, investors and other speculators :) Yesterday before Jerome Powell spoke, markets we underestimating chance of 25bos hike. Now it seems like we can expect another 25bps hike in May. With current conditions there are increasing odds for bear market coming as SP is falling closer to sub 3900 support levels. Also notice rejection from exponential...
As expected, after the FED's meeting Bitcoin and the crypto market as a whole is now bearish. BTC hit the first target I had which was $26,940. Now with it retracing I'm waiting for a trend line break to the downside to enter into the market. My next target for Bitcoin will be at the FIB D Extension at $25,214 . Will update once target is hit. Happy Trading!
HI Here its a convergence with down trend , thats support the idea of trend continuation , nothing sure its just study , thanks .
Here's a quick look at the 1 hr. BTC chart. As we can see, the price is currently forming a bear flag, a bearish pattern, and a decisive move could be around the corner! We may see a push to 29k to close the CME gap. Any decision by the Federal Reserve to increase interest rates by 50 basis points would likely result in a considerable market downturn. So, it...
Here's a quick look at the 8 hr . SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner! BTC is close to a more significant resistance zone (29k zone), and one should be careful when trading! ------------------------------------------- The idea is: Buy when the price breaks above 0.0000112$...