The TK crossed bearish which is a bad sign and last time this happened we had a bear market that lasted until ~2015/16. The thing is, I don't think there are any fundamental analysis that justify this long term bear trend. Btc will go down to the 5k level but this bear trend won't last as long as last time.
IMO good time to buy when btc goes to 5k.
It's not time to get too excited just yet. Still holding onto my $4,200 target in October. I am a bear until we get above $12,000 and trade above long term moving averages that are in a bullish posture. Won't be re-opening a short just yet, will be waiting to see how the MA's hold as resistance.
My last call for Bitocin to visit $8,000 have almost there to the target. For now it is testing few of my key MAs and almost about to test the downtrend line. So i am expecting as if it breaks the trendline and forms linear compression, chances are it will test $9,900 or if it doesn't hold the trendline, most likely it will be testing its lows again around $5,400. ...
I have been spending less and less time looking at the 4 hour chart and have removed that part from the title. Moving forward the daily update will primarily focus on the 1w, 3d and daily charts.
Outlook
1-4 weeks: bullish
4 weeks - 12 months: bearish
> 1 year: super bullish
Projected Bottom: $4,975 = 20% likelihood | $4,000 - $4,200 = 30% | $2,500 = 15% | ...
Yesterday’s analysis: Wanting a red 9 on the daily (Wednesday) in confluence with red 9 on weekly. Thought that it would pullback to $5,000 by then, is currently much more bullish than that.
Patterns: Higher low on daily. Inverse h&s with neckline at $6,800. Weekly Triangle
Horizontal support and resistance: R: $6,500 S: $6,200
BTCUSDSHORTS: Threatening to ...
Outlook:
1-5 days: bearish
6 days - 1 month: bullish
1 month - 6 months: bearish
6+ months: super bullish
Yesterday’s analysis: Waiting on the weekly 9, wondering if we will grind downward slowly, or get some capitulation
Patterns: 4hchart: Rejected bear flag. Bullish A-B-C-D pattern. Inverted h & s invalidated with move below $6,260
Horizontal support and ...
Continuing with the new theme please see the checklist and notes below. Conclusion is the same as yesterday.
Outlook:
1-6 days: bearish
7 days - 1 month: bullish
1 month - 6 months: bearish
6+ months: super bullish
Yesterday’s analysis: OBV consolidating, Weekly 9, Daily amended countdown, resistance from 50 day MA. Expected downtrend through Sunday and then a ...
I am going to try doing things a little differently moving forward. The bottom line is that I have been spending much more time on this each day and seeing too little return in terms of networking and community interaction. The checklist below is what I go through every day. It is a list of my most important indicators in order of importance. There are so many ...
Yesterday we looked at the reasons why I am expecting a $750 - $1,000 pump from the current price level. Today we will look at the mounting bullish indicators and ask ourselves if they are enough to bet against the bear trend.
Today is Sunday and we only have a few hours left before the weekly candle closes.
https://www.tradingview.com/x/TJodbEJd/
We are on ...
Yesterday we examined the ema’s crossing over on shorter time frames, the bullish setup on the 4 hour Ichimoku Cloud, as well as the reasons that kept me out of the market while awaiting further development.
Today we are going to look at a few reasons why this market could have found a bottom as well a few reasons as a few reasons why it hasn't.
Let’s start ...
https://www.tradingview.com/x/8HZYZK4t/
Hi, everybody. In past ideas, we have received more than 30% profit. All this time I watched the market and also traded. I have to say caught a few stops. This situation is so new and amazing for me that I immediately overcame my laziness. Thank you guys for asking for personal messages, but I was also busy. Many traders in ...
Hello Traders,
Here i am drawing all the levels and reversal zone for your reference.
as the weekly candle will close after two days we will see a big move during these days and we may go as low as 6k or even 5k for a quick visit.
i am waiting for the lowest price i can catch below 7k or as low as i can get from 7xxx please watch out for the pull traps and ...
