Bitcoin recently saw a massive rally but this is very likely a bulltrap to catch crypto mooners on the wrong side. We are still within a massive correction and we're expecting one more move down.
Initially we thought it was a WXY correction but as more price action has developed, it is evident that we're in a ABC correction, with C wave having 5 waves. We're in...
Yes, BTC has broken one structural level, however based on overall bearish context from weekly, I'm still seeing it as a redistribution before the leg down. Please check linked ideas for more context
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🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF,...
Hey guys - There's a few things going on here:
We've got a strong Sell signal from Crypto Tipster v2, combined with a descending trend line which the price has touched quite a few times historically and rebounded on the downside each time so far.
This combined with several layers of resistance above and only one (albeit quite strong) level of support on the...
there's simultaneously two different situations in way:
1- a strong resistance (red line) that might lead to a big drop
2- a very unstable area with no previous trading volume that might lead to a spike
it's too risky to open short positions with no stop loss or with high margin
We observing similar pattern in early 2019 which seams to correspond with current BTC/USD pair behaviour.
We expect slight correction to 21233 mark and continuation of Bullish momentum towards 27,500 resistance.
bitcoin finally tapped the r5 daily pivot this morning, completing it's run of all 5 pivots.
looking very weak here. dxy also at support and spx tapping trend line resistance.
also, for the astrology people, lunar reset this week.
think this elevators down.
if this was indeed a wave 1, i'd like to see a significant pull back over the next couple of weeks.
wave 2's almost always pull back to at least the .618 -.786 fib box of wave 1.
confluence with a trend line retest.
invalidation below the low.
Ok, it's more of a joke.
But hey, watch the chart. Is it really so out of the universe?
What's it called?
Trade what you see, have a good RR and live will be easier.
Bitcoin - 24h expiry - We look to Sell at 16849 (stop at 17051)
Daily signals are bearish.
20 1day EMA is at 16788.
Trading volume is increasing.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
16900 continues to hold back the bulls.
Our profit targets will be 16343 and...
BTC 4H resistance is at ~$16800
Enter 50% at the current price
and try to set some sell orders near the resistance zone
If BTC stays below the trendline,
the Take-Profit target would be 5%, 10%, and 15% from your entry
According to what it is shown in BTCUSDT chart, we see double top pattern which its maximum classical bottom is around 10K and fibonacci level 38.2% around 10K, also and finally a very strong support and demand block around 10K.
So we should see continues falling down to 10K for next 4 to 6 months at least!!!
BTC has broken out of the symmetrical triangle to the downside.
After BTC tests the low, it should pullback
In my reading, the clearest pullback is between the most liquid zone plotted above with the orange box, but with a zig-zag above this region the asset should test the major resistance of the last consolidation.
The 4h chart for BTC is still playing out perfectly. You can see it rejected on the 200 EMA (pink line) and recently rejected at the horizontal resistance of $17,167.
I'm expecting Bitcoin to at LEAST retest the bottom of our upwards channel at $17,000 and possibly falling to $16,736 (with a dip lower to form a bullish divergence) then bounce to retest the...
The trading volume of a coin or token is used to measure the activity of the asset over some time, usually over one trading day.
Generally, Trading volumes are correlated with crypto prices. When the prices for crypto assets are rising, especially at the abnormal rate that they have demonstrated in the past, their presence in the media also rises, and traders...
Since the 200 SMA is respected and the trendline I drew is broken, I take a loss from my position in my recent idea (see the link to related ideas). I lose a little compared to what I will gain this day.
This is very bearish and we might get a big dump later this day.
The DMI indicates that:
1. -DI is going above 30 level and it is above the ADX and +DI so this...