If we're to mimic the previous cycle - this fractal matches it. Publishing this to watch it play out.
It ultimately leads us into a drawn out wyckoff accumulation pattern below trend resistance while holding the 4k range as support to create the trading range.
Scary! Possible. Never neglect all possibilities. It'l burn ya if ya do!!
With the US economy...
Bitcoin has entered the Reload Zone (green square) yesterday , and as we all know , it broke the trendline a few weeks ago. We can see on this chart that bitcoin has bounced of the trendline. We can expect a retracement on the 0.382 or in reload zone of the last wave (red square).
We could have a Shark Setup if it goes back in the reload zone (red one) .
We expect BTC to reach the reload zone OR retest the previous V-bottom.
Bitcoin has done a counter trend rally so institutionnals can short . We can ecpect it to go to the reload zone (green zone) and we'll see what happen next.
DO NOT SHORT AT THE MOMENT, THIS IS A NO TRADE ZONE FOR ME.
Bitcoin is creating a H&S and a descending triangle at the same time. Dangerous territory. Market dynamic is bearish.
The TD SETUP AND COUNTDOWN in the 3D chart show us, that there should be bearish continuation at least till somewhen between the 13th and 19th of September (time difficult to predict).
BTC Upper wick formed on the daily. The past 2 months, once a long upper wick is presented, it showed us the top has been reached and a reversal is pending. I would expect a huge sell-off from there. Notice after both upper wicks, there was a 30% drop. It's very likely we may see the same results once again.
Bitcoin is making lower low and lower high giving bearish signal for long but today Bitcoin has broken its major trend line support started early this year formed from 3K to 13K..
From my previous analysis, we can see Bitcoin is giving signal only for sell. Recently we had seen few pullback to $10,300 but price has been rejected and its acting as strong...
Speclation about BINANCE:BTCUSDT is always confusing for a new comer to understand what is going on in the market ? To be frank, thats make this amazing cryptocurrency a pain in the @ss for traders. You cant predict whats gonna happen next.
From my analysis, I believe there are two possibillities, Bull Run and Bear run
If the Price breaks down the...
Welcome to my weekly TOP DOWN ANALYSIS. Quick review of what im seen this week in the crypto markets.
If you like my content give this analysis a like! You help me a lot and its free.
"Always trade what you see, not what you think its going to happen"
A correction to around 8100 for now cause the first high retraced more than 78% and it can be expected for the second high to retrace less than 78%.
Then a gradual move to around 8500 followed by a correction to around 8100 again. if it were to continue to the downside and create lower lows, 7200 is back on the table.
I believe we are about to encounter Wave B...
Looking at the lower timeframes, bitcoin looking pretty toppy, consisting of a high - low - higher high - lower low and then a test of the original high. Very unlikely we will break $6200 first time around, be realistic. Expecting to test the lower untested levels around $4.2k. Not financial advice
A market pump was good to see for once all coins had a small rally because of the SEC headlines stating BITCOIN ETF will eventually get approved. Despite all the noise lets not forget we are still in a BEAR market, & before big money comes in we do need more downfall, which will be manipulated by the big players. Look at the big picture stay away from hype. Once...
Quick TA on Bitcoin.
Today, we see the long awaited result of the price squeeze at over the past week.
Most people have been expected a break to the upside given the peculiar inverse H&S pattern formed. However, it is evident that despite testing the overhead resistance or neckline for some time, the awaited break to the upside actually rolled over instead. This...
Very strong short signal this time people. Bulls are finnaly about to get a load of reality. It is what it is and we can profit on this. After a year of waiting we have come to this point were the price can no longer support itself any more. The magic 6k support about to get broken and this time it's gonna be real ugly. targets are 5.5k/5k/down around 3k.
12 h chart-btc has 2 bearish patterns, head and shoulders continuation and a rising wedge on the right shoulder with bearish divergence on stoch rsi, sell levels 6740/6800 and 6900/7000 targets 5200 and 4900 (couple of weeks )
Just take a look to previous pattern on May, 23 day of downtrend and -28% drop, price formed a bearish triangle with flat top rising bottom (13 days, pattern inside the circle) and had another drop of -25%, also look at the RSI levels they look just like now, and facing same RSI resistance at 50. A drop of -25% will lead btc to $4930