Will the possible shake out follow the earlier shake out? Will it be scalar to the previous?
If this price level follows the previous pattern - we may expect a price dump prior to the next bullish move.
Hello traders. Check my previous ideas to see what's next on BTC/USD price action. Wanted to share this intraday idea with you guys.. Maybe it will help somebody on their entries.. I'm looking at this recent move as a bull trap in short term.. We didn't reach crucial blue zone just below and stopped at $8680.. We need more liquidity to go higher and strong...
On the left we have the coinbase 4hr chart from October. You can see the shakeout drop from 7990 to 7300 There is a spike in volume which acts as a spring to pump price to 10540 On the right we have the coinbase 4hr chart from November. Don't be fooled in to thinking this is the same price action. After distribution finished, the price dropped. Slowed by the...
Monthly closed at-last, and to me it looks bearish.. but I already showed why on monthly I see same bearish (Correction) patterns like from previous parabolic run: Today I wanted to zoom in to weekly and show you why I see same bearish (Correction) patterns: 1. Just like in any market, when fear holding their assets they are panicking, and this is why usually...
Bitcoin is waiting already and it is patient. Who will have the weaker hands, you or Bitcoin? Does Bitcoin even have hands, and of so how many? Well, let's see! :D #doggonacci
Guys, any of you knowing better are we having shakeout #Wyckoffmetod? heading higher...
Longs getting rekt, then shorts will get rekt and most will get left behind. Looking at COINBASE:BTCUSD on the 3 DAY, because the big profit is in the broader moves. When you throw a tennis ball hard at the ground, does it bounce higher than where you released it from? -It's gonna come down even faster than it went up, and if buy orders aren't in place...
Wow, what a drop that was the last days. INSANE. It took me also by surprise I have to admit, the sheer intensity of it, and that we actually exactly hit the longterm support line. Yesterday we had no bounce at all, and I was worried that we'll actually go below 4k, directly to 3k, which would have been very bad for BTC, it would have lead to a more intense...
Good morning, traders. So far, we have been seeing decent movement with Bitcoin since yesterday's $4048 low. Furthermore, my PnF count has the $4,000 area as the low based on the descending triangle pattern that price exited through the bottom of in that chart. If that count holds up, then we should, at minimum, move sideways for a bit, if not head back up. At...
Not financial advise
Good morning, traders. Welcome to Monday and it may not be the Monday many of you had wanted or planned for unfortunately. As I said on Friday, I was expecting volatility by the beginning of the week and here we are with fresh lows as price pushes toward that liquidity just below $5000. This is why I did not go long yet. As I explained during the live streams,...
Good morning, traders. I hope you were able to join the live stream yesterday morning as we discussed exactly what happened, calmly and unemotionally (okay, so I may have laughed a bit) -- how it was playing out as I suggested it would months ago if we saw a terminal shakeout and what to expect next. So far, things continue to play out as expected. The next few...
Good morning, traders. Over the weekend Bitcoin dropped a bit more to a low of $6269.46 but held the general low from Friday which means it remained above the swing low of October 31st. The bounce off that drop targeted the 4H pivot, retreated to the equilibrium of the large trading range we've been in since the beginning of September, and is targeting the 4H...
Good morning, traders. The Internet is, once again, anything but stable this morning so there won't be a live stream but I will record a video and upload it as soon as the connection is stable enough to do so. Tech comes tomorrow so by Monday we should be good to go. During yesterday morning's live stream, we witnessed price doing what I suggested it would. The...
This is due for an imminent correction based on metrics. I know some are probably in for a lot already and can't average down, but if you ditched earlier then now might be the time to reinvest. Remember this is why we take profits as we go up -- there are no guarantees when it comes to price action. GLTA HODL like you got a pair.
The shorts were washed out below trendline support The long got in and are now running the show If we get a higher high and higher low We have ourselves a Buy oppertunity Long XRP ! Targets up still into the 1.20 area or whatever price might run or shoot up to on the SBIVC release.