In this video I swiggle lines through the charts with some ideas of might happen and go through some reasons why me might see another low and some longer consolidation (re-accumulation) trading range.
all three are in the green with EMA/SMA indicator Stochastic RSI looks overbought on the 1hr and 5m, but the 4hr and a Day chart look oversold, so this may be the next Bull Run (46k maybe?) happy trading
Most major bottoms since September of 2020 has been marked with a 4 hour Bullish divergence on the RSI. This is where price goes lower, but the RSI moves higher to form a divergence. The best bottoms were when the RSI was in oversold territory (below 30) We are currently in a similar situation and I am looking at this for a potential bottom zone. Ideally, we...
Hello traders. you can see, i drew two possible scenarios for btc in the coming month !! RED ARROW SCENARIO AND BLUE ARROW SCENARIO
$BTC The way its defending last week Low / Yearly open makes me feel comfortable on my current position UCTS never switched on HTFs to a bearish signal (neither #ETH /usd chart) Still not out of the woods tho!, reclaming 35k feels key.. Weekend ahead so let see how it goes #BTC
Doing the two times specified in the chart and now we are out of the time when the output candle is ascending and has more ascent in terms of time and price. To hit the pool of $35000 Liquidated Short. After testing the trend and resistance of $35200, the analysis will be updated I am not very sure about the downward pullback, because the characteristic is that...
Good morning ladies and gentlemen and welcome back to the most volatile show on Earth...... The Bitcoin Show! I am your host Tim and I can see that this morning may not have been the most appetizing thing you could have woken up to if you are a bull that is. We are still holding onto 30k and that can be considered a win in my book. But over the course of this...
📌 ridethepig | Homerun for BTC Here the choice is between another sweep and marking a bottom. The first results in a discovered temporary pullback which allows early buyers to start getting excited... but the second moves involves a slingshot, automatically through the pivot. A quick review of the initial charts we have been tracking ↳ This was the...
I forgot one thing, bitcoins are involved in the time lanes when they were all falling, after coming out of each time, after a few candles, the trend changed to falling and again it was caught in the falling time. Until tomorrow, according to the time specified and the chart, we expect a small ascent to below the trend at the price of $34400, and in a few...
#BTC/USDT TA Update :- #BTC currently trading at $31100 And If you followed my analysis then now you saved huge money and also earned huge $$$$. So BTC Finally break down the support and I told you $42000 is TOP so I suggest you to sell btc at $41000 I sold At top and also suggested you. Now bearish mode activated. Now My Target is $22578 But before $22578...
📌 ridethepig | Bitcoin Finally Breaking Down The goal of this swing as you all know by now is to test $28.000/$27,000 and show a real seizure of control from sellers. After another -8% today, it's clear in the ST sellers are doing their duty as we approach the first targets. The defence here is very feeble, fresh weakness should be considered indirect fruits...
After the test, the broken trend is updated and analyzed
$BTC Did you short the Sell signal?No entry Did you short the triangle breakdown?No entry But you are thinking on shorting support?Face with rolling eyes #BTC is retesting ~30k, BB lower trendline (that has been respected since March '20 ) If there is a play here, is betting for a bounce/reversal
Btc hunted the equal lows. Those stops are taken. I made a entry at the orderblock right below that equals. Price could sweep the recent high into the bearish orderblock (orange) The stoploss is placed verry tight, at that point i think the setup is invalidated.
The Wyckoff Method is a study of how market makers and whale manipulate retail traders to get in, and out of large positions. It's something any serious trader MUST understand. You do not want to get caught in distribution, and you don't want miss out on accumulation or re accumulation. In this idea I am covering what seems to be a potential Wyckoff...