BTC/USD 1/24/2021 11:05
Cot: COT Data has some correlation with BTC but not much, but it still begs the question, where do Whales come from? The banks?
No, unfortunately we cannot rely on COT data for the most part, even banks cannot predict BTC according to the correlation between price and fund positions as right now...
I've created a different TA (technical analysis) for the 6 hour chart, as i won't be checking on this chart until we retest the $23,500 level which is my current aoi (area of interest) as we need to flip that into support in the next 24 hours in order to develop continued structural support after the latest dump we've seen today. If you have any questions...
My take on the upcoming ATH based on the Fibonacci trend extension. Resistance on retouching the 50 MA. Eventually breaking through getting back into the bullish flag pattern. Following a price prediction based on Fib's next stop.
Not recommended to go knife catching if you're new to bitcoin it will take you on an emotional rollercoaster. Take things nice and slow and ease into things.
Started a scalp long position, short position was filled.
Please tap that like button for me if you liked my last call possibly nailing the local bottom 👍🏼
Price action: We need to flip $23,850 into support (which it looks like we're currently on route to flip s/r in coming hours to prep for pre-breakout) so get ready for another insanely volatile 24 hours and following week to come. Always plan your trade and...
expecting price to push higher into the green box
consolidating under the descending line in blue
support is .40 - .48
the move could take days, weeks, or months
whatever frustrates the weak positions the most
Just wanted to share some thoughts on what I see forming with Ocean. Full disclosure this is one of my main bags and has huge potential IMO. I typically don't like to chart on lower time frames but it's useful in determining reversal patterns.
1. As you can see on the chart a possible right shoulder is forming. Next couple of days will confirm or reject.
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
Note: This is not financial advice, nor am I a financial advisor. Therefore, my analysis should be taken with a grain of...
$18,000+ USD for SINGLE bitcoin.....
(1st bull run for learning, the 2nd for earning)
I've been wrong since $10,500 and have shorted the local bottom multiple times (this is my 1st year learning how to trade from 0 experience) Where did i do wrong? At $8800 my predictions were breaking the historical resistance ($10,500) followed by an impulse move to...
My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy...
First of all, please do me a big favour and tap the like button or leave a comment on your bias for the rest of 2020/2021 👍
Second of all, this is not financial advice, just an idea i'm publishing to my tradingview for the bitcoin (BTC) community to see)
We could easily still go to ATH's from here but we've pumped $6000 since the $10,500 break...
Bitcoin daily time frame from the start of May until the end of December. This post is to mentally prepare us for when a pullback of Bitcoin happens. Hold your position because it will rally back higher than before.
I measured the rallies and pullbacks from the peaks and troughs. The yellow line underneath is the 20 week moving average which needs to be held to...
Two tools to spots BTC bounces during a bull run (could be useful soon).
-MA128 daily in orange = the geometric progression MA which hold every first retrace of the BTC since 2016 (11/11)
-DFT deviation MA64 10D in yellow = Geometric progression dispersion MA which hold 23/24 retrace during bull market cycles.
Hope it helps ;)
While Bitcoin is in its strongest bull market since 2017, DeFi tokens have actually been selling off.
Bull Run and Subsequent Correction
This year was terrific for the DeFi tokens until September; some grew by more than 5,000% from January 2020. The DeFi Index we are analyzing was created towards the end of June, and therefore we are unable to showcase the...
Monthly chart shows you a bearish bat with possible targets for the new bull run. I can see a retrace one more time (after US election results?). It all depends on what covid19 will bring to the table for the next 6 months... rest will be history again.😊 Please feel free to comment below if you have any further questions or if you see something different. Cheers! 👍
If you excuse the corona anomali you will see Bitcoin is currently in a ascending channel and a symetrical triangle while also trying to break resistance. We should see a break of resistance as well as the triangle in the coming days. After which a continuation higher should occur to push BTC out of the channel and back to 20k. We will most likely see a...