What I've tried is to correlate SHORTS with the price of Bitcoin. This is what I got at Key Points. This last weeks points out more as a bearish situation.
How many times a pattern can repeat itself?
Is this one will repeat again? Leave a comment with your opinion.
We are about to see the full force of the reversal that I speculated upon for weeks. The above symmetrical triangle will likely breakdown giving a great shorting opportunity. I will probably be using medium size.
Heres to all the moon boys calling for a rally on bitcoin....
If price taps the resistance block marked in red and makes an SFP on the daily, ill be shorting it.
Look at how there is a swing high "crouched" just below the resistance zone, its a clear setup of making breakout traders go long as price runs into resistance before it gets dumped again.
We are down to last 20 hours until we know which direction in short-term Bitcoin will go. Still believe we will retest 3100 then 2800 if we break down. 4200-4800 if we break up then back to test 3400. Maybe earlier!!!
Prices action was confined within the triangle since last month, but now bears have decided to step up the game, i am looking for double bottom to form here procedded by a hard bounce, if that doesnt happen, most likely we are gonna losse the 3k support and dump to $2400 ranges which is currently the next support.
This analysis will be updated frequently to keep...
We had this before on lower time frames with amazing success. It looks like this Head & Shoulders Pattern is ready to unfold.
Now usually the volume on bearish H&S is very low and that seems to be confirmed. But also the probability of H&S patterns to unfold have an 60-70% success rate.
Hi all I am looking to history BTCUSD shorts. In history there is some similarities, look at 2.Aug, 1.Sep, 12.Nov. This dates is very important, in this days a lot of people start shorts BTC, and price in usd go down rapidly, 23%, 16% and 50%.
Now is situation similar, If we bounce from line on shorts, can be drop like in history, a lot of shorters are waiting...
A correction is now at our doorstep. We are in day 4 of the recent bull run, which typically exhausts by day 3 or 5.
- Volume Divergence
- RSI Divergence
- MACD Divergence
- Long red candle forming on 4 hour
- Long green wick on the 1 day
- Elliot Wave complete
- Correction wave initiated
This is only a prediction off the TA I am currently viewing, which...
In trading, we don't talk about certainties, because they simply don't exist. If anyone claims otherwise, then it's better to ignore their advice and move on.
Is this the bottom? Probably not. Should we, as traders wanting to make money on Bitcoin's moves short right away without understanding the underlying market conditions first? No! We are not gambling, we...
Hope you all are making good gains, but be cautious.
It's all in the chart
BTC may have another leg up before the dump continues.
Allow the market to come to you, don't go chasing the rabbit.
Prepare a checklist, stick to your analysis, forget the noise.
Successful people in General, always have a plan and stick to them with conviction.
There's a high...
I think btc could touch the 6000 levels now, or even lower! this move up is clearly a corrective move and looks like the b wave of the move before it.BESIDES, the rising wedge was broken. price could break down from here.