BTCUSDT has made a retest to peak of the channel, local supply zone. Now we can see a potential double top. The target remains the same for a 2-D zigzag swing downward. This pattern will be confirmed if price action breaks the neckline in the 50% Fibonacci retracement level.
Bitcoin's correction has been swift, breaking down cleanly through $30k and finding support ~$27k. Strong rejection on 6hr chart at 20 EMA (approx $31k) Expecting some sideways action and retest of that support given the rapid connection of the crypto total market cap and broader economic headwinds. CPI (consumer inflation) remains extremely high, it fell...
Analysis: - Support & Resistance - Trend Line Analysis - Supply & Demand - Order Block Analysis T1: Target 1 T2: Target 2 T3: Target 3 T: Trendline S: Supply Zone R: Resistance Opinion: I believe we have lower prices inbound for NEAR
BTCUSDT 34.5k expected till daily close. Oscillators: Ehler's Fisher Transform & Fisher Stochastic Center of Gravity. One more leg downward expected wich expected target at 34.5 is in convergence with the trajectory speculated on Fisher Transform trigger probability. This target was previously speculated on Fibonacci Retracement as we can see in previous posts....
Price action and chart pattern trading setup > Falling Wedge Ending Diagonal - Bull Trap or Pullback? > Entry @ downtrend line breakout of wave 2 and wave 4 or SMA50 zone > Stoploss @ the lowest minor wave iii/v estimated position - downside limited for final wave 5 -10 - 15% and can be truncated > 1st target at wave 4 position for short term trade and wave 2...
The main chart says a lot. My main additional comment would be that many crypto traders spend a lot of time looking at the log chart for some very good reasons. But from time to time it is useful to put things on the standard settings to see if we have missed anything. Every single point of the points I have detailed is very bearish by itself. Taken as a whole...
DAILY (D1) Yesterday's price action triggered a second long white candle in a row, which broke on a closing basis (41'505) the upside triangle trigger level @ 41'115 which should, potentially activate the triangle technical target, calling for a move towards 43'400 , which is also, by the way, projected in the next days the top of the daily clouds resistance...
BTC failed to break middle of gann box from the middle of the trade. Gann box is veryy good tool used for entries on downtrends( when there isnt much supply or demand zones) Everything above the middle of it is considered espensive and everything below is considered good to buy. They should be used with trend and current trend for last few days was bearish so it...
Rising Wedge pattern on Bitcoin chart. While price was going up, volume was going down. So, price action could be printing a bull trap. The support already broke down once in the Asian session. You might open a short position.
Gaussian channel turned green on 1 day chart, not yet on 2 day chart. On Bitcoin futures it is not green on 1 day chart yet, but should be next day or so. The only problem I see is gaussian channel turned red on 5 day chart. So this is either a super big bull trap or we go up. If this is a dead cat bounce I expect it to go to around 60k. If we go up, we should...
I’m currently selling small parts because I think we can go way lower. When the upper arrow may come and the price action is right I might also look to take a short. We’ll see. Reasons: -trendline didn’t had a retest - market structure broke bullish so a channel is can very good be formed -simple fib retracement -broken resistance didn’t had retests no...
the beakout we have here is a new lower high on HTF a leg up to convince buyers to buy for a bulltrap. yep i said it a bull trap to get dumb money in the market to build more sell stops under the short term lows. this is a very valid set up for smart money sellers to short here in the high of the order block i have marked. if price breaks the proteccted high...
I think we will see where BTC is going within the next 20 hours (my guess is in the next 8hours but who knows...). I have my technical targets shown on this chart. I'm currently sidelined looking to get a decent short entry. Volume on HTF doesn't justify this breakout to be sustainable (imo). Lot's of bearish divergences on RSI even on the daily. Break my violet...
Bitcoin broke out baerishly of the small uptrend it created recently, to test 40k once more as support. So far it's holding on for dear life but again only lower highs, the argument of bitcoin holding 40k gets weaker and weaker. If we break 40k to the downside, 38k is the next target and if that cant be hold, we test the january lows again, and might go for a...
Crypto TOTAL market cap fell back into the price channel once more, after the current situtaion in ukraine keeps the markets on it's heels. Also that short term demand line got broken as well. Depending on how reliable the volume is in the TOTAL chart, the volume in the selloff was pretty huge as well. We might see some violent moves in the crypto market soon,...
The shenanigans around the situation in the ukraine continue, as the market has thrown another tantrum over it yesterday. We got rejected once more by the supply line that defines the current downtrend we currently in. If the .236 Retrace at 4360 can't be hold as support, we almost certainly to go back down to the january lows, and with that double top pattern...
Eth just finished wave 3 of a bearish impulse, wave 4 will offer price relief to the upside over the coming days with a visit to $3250 - $3300 likely. Eth may even touch $3500 before wicking back down. Wave 5 will see price action testing anywhere between $2300 - $2600 over the next couple of weeks. Price needs to close above $3300 to invalidate...