BTC looks week now. I think it will be difficult for BTC to increase to 8275$ from this position. So, be prepared to use the rest half of your backup balance at stable coins as our strategy to buy BTC at 6900$ zone
As per my previous analysis, the fractal is playing out nicely. Within 24-48 hours we will see one last push to the top. This will be somewhere between around 7850-8250ish. This will be followed by a bit of up and down for a few days, and then the leg down to 6380ish followed by a leg back up to 7100-7200ish. Then it is all down hill to 34xx.
Yesterday, BTC spent a lot of time going sideways and trying not to fall off the support around 7200$. And finally, it was really successful and our plan to buy cheap BTC at 6400-6500$ went with winds Todady's price increase is something that few people think of. And this is a sign that BTC will continue to move sideways for 2 days to find the next direction BC is...
Head & shoulders forming on the 4h btc chart. Are we ready to fall back trough our previous support level of 6K ? Retracement back to $5400-5600 before going to higher levels. so excited !
BTC can't hold 7600$ and now, if you followed me in VIP Chatroom, you must sold all at there and now we will wait to 6375-6400$. Here, you MUST buy BTC because the uptrend can continue from here
Don't trade in between, buy at the target zones. Good luck with trading, -TheTrex
Recently I've seen charts with some FIB circles tangles, clutter and what not. Adding one FIB circle to my previous idea I posted, came out with this result, though points are more precise on the daily, but for entertainment purposes and the moving averages, I'm posting the weekly. The 50w MA had a similar role in 2014 like the 200w MA this time in 2019 and...
Good shorts zone Strong resistance zone by volume profile
So the market wants you to short. We see an ascending broadening wedge pattern (highlighted with light blue background) as well as another ascending triangle (highlighted in dark blue border) pattern forming. As we are at the resistance line of both these potential patterns, it tells us to short. However... I have seen this pattern multiple times before and...
Looks like BTC doesn't want to drop. There's no reverse sign can be found, and if BTC keeps going up like this, we will see it at 77xx $ zone and target is the blue line. You can use the Left Fibo Ext to measure the peaks and use the Right one to measure the correction points Of course, if BTC goes back and break 5900$, this up-trend will be broken. Take care!
Same price action, broke the parallel channel, went above the 20 weekly ema, then drop below it, about -36% all the way down to the 200 weekly, The RSI is hitting the same resistance levels, and the stoch rsi is all the way to the top, same setup.
Look like BTC is forming a Rising Wedge inside a Pink bearish channel. If BTC follows this case, we will have some safe days ahead
Happy Easter Traders! Bitcoin has been in a weird, no trade zone for a while now without much action, but I suspect that's about to change. Bear traps, bull traps, rising wedges, ascending triangles, bearish divs... WTF is Bitcoin planning here? To be honest, I am not in a margin trade right now as Bitcoin isn't giving much of an edge at the moment and the...
Formed a local wedge Globally formed descending triangle