I was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap...
the third shoulder and resistance from oscillators and drop ;)
40-38k is what i'm expecting, a pump or bounce might be there at 38k to 57k but thats a possibility for it to complete the bearish gartley pattern ;)
accept Reality, we aren't bullish at this point, nor will we be, if u wanna follow, do so, if u don't, just don't fall into the trap of moons and stars ;)
SL at 60k,
will ladder till 53k if it does deviation,
Tps given, i'll be personally holding this and will take profits at 26k ;)
In part 5 I noted how I thought it was suspicious how retail heavy stocks were all suddenly trending up but to drive that point home look at FCEL, SOFI, NNDM, IDEX 15m time mark and you'll see a upward trend begin after august 20 (last Friday). Super Sus imo.
On to the matters at hand, as found in an article from investor place, "High valuations and a relative...
So just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73
I have made more than I could have hoped for during this last month on many alts, harmony has been good - not great so I’m going to look to take profits on my alts including $one into the next rally above 51k
Then once btc goes above it’s all time high I will re enter on the first pullback. I am going to be cautious not bearish and I urge others to be cautious...
During the last month we have seen a bullish rally on BTC and by consecuence in all crypto market. However this rally doesnt feel right; there hasnt been almost any corrections.
In order to make a new ATH in BTC we need to see a correction minimun until the .38 Fibonacci level (42k - 43k).
In my opinion I think this is a bull trap, just like the previous years,...
A nice observation could be this of 8 and 21 weekly MA on BTC, noting in mind that an attempt to make a golden cross after the death cross was made which always resulted in more than 60% correction ;)
if u have any money on spot, i'd recommend to get out b\w 50-52k after that a dump to 26k follows ;)
BTC performing just as planned, pump to 49.9k-51.1k on the plate maybe even 53k, but a huge dump to 30 follows that afterwards ;)
if u guys are in profit on some coins at this point i recommend u to take them and sit in usdt's bcz this is gonna be a long ride to the bottom ;)
w = an ordinary zig zag
x = as same as w but smaller
y = flat pattern ( running - ordinary or expending we'll see)
not suggesting open short position or if you want , open with low leverage
Simply, when bitcoin correction touches MA 50 and death cross with EMA 50 then bitcoin will dump. In my previous analysis Bitcoin is in bearish crab and decreasing volume.
If Bitcoin can break out from $52k, it will be surprising to me because the...
If you don't understand this graph but you are invested in crypto, I feel for you. I was there once and I am sorry about all the money you are about to be "confused" about. Long term this asset is still bullish in my opinion. Although a bearish trend is still in the near future. I don't recommend anybody make investments without doing their own research. We will...