Here's an update of my previous ideas.
Reminder of bullish factors:
- bullish pattern
- golden cross
- bullish divergences
- end of the big falling wedge (throwback completed)
- historical technical supports (Price, MACD , Disparity Index , RSI )
- blue pill (Hash Ribbons indicator)
- bottom found (Puell Multiple indicator)
- reversal signal (Network Value to...
I see the pattern do you?
Big Bear + Big Bull
Small Bear + Small Bull
Big Bear + ( most likely if history does not change big Bull).
Its only when you're halfway through the bull market does the sentiment actually shift and people start to become bullish and the leverage starts.
My guess as I'm also putting money on this is we should see around 73K...
Price action analysis for Bitcoin.
Important key levels.
Bullish reversal explained.
Trading recommendations.
Potential scenarios.
❤️Please, support this video with like and comment!❤️
Might as well be nothing, just indicators needing to adjust after the recent drop (17th of August). But I'm getting a little nervous 'cause it's taking longer than I expected initially so I thought I'll quickly share it here.
IF BTC really resolves to the upside (see my bearish bias in the last update ) targets would be 27k and mid range at 28.139$.
I'm expecting some kind of crash event before the 4th halving (currently expected for the 22nd of April 2024), similar to what we have seen back in 2020 with the 'covid crash' 9th of March.
The market is weak, good news don't have a lasting effect and I expect BTC to leave the current trading range (~6 months) downwards sooner than later.
I still think the...
- golden cross
- increasing volumes
- bullish divergences
- end of the big falling wedge (throwback completed)
- historical technical supports (Price, MACD , Disparity Index , RSI )
- blue pill (Hash Ribbons indicator, not in this chart)
- bottom found (Puell Multiple indicator, not in this chart)
- reversal signal (Network Value to Transactions ratio, not in this chart)
BITMEX:XBT has been touching the area of 25'980 USD, for a couple of days showing a huge support around that area. However, in theory with each touch on the area its gonna be debilitated.
In sum, I think it's a matter of days when we broke again to the downside having an opportunity for a short (if you are not already or in cash). The move it's gonna be...
BITMEX:XBT has touched three times the support at 28,855 USD on the Daily. This pattern represents a short for me. I placed a short position yesterday to hedge my long placed since the bottom on the FTX crash on november 2022.
I don't have a target, yet. I will update my ideas on this trade.
Several bullish patterns! Slowly showing what patterns are in play here. Difficult to trade if you are new, but starting to make sense for someone who has been trading for several years. This will likely rip up as previously stated. That Batman pattern is not my imagination but an actual pattern traders use It is similar to a Head and Shoulders pattern except that...
This is part 2. I am sharing the full numbers with you.
Part 1 was the 333% 10X Long from 23-Nov-2022 (See here) .
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LONG XBTUSD
Leverage: 10X
Buy-in: $21,000 - $22,222
Targets:
1) $25,150
2) $28,500
3) $31,000
4) $34,800
5) $35,000
6) $37,500
Stop-loss: Close daily below $20,500
Liq. price: $20,174
Potential profits: 730%
Capital allocation:...
Bitcoin violated an important horizontal daily demand zone this week.
The broken structure turned into a supply area.
The price is currently testing the broken structure.
Analyzing the intraday price action, I spotted a bearish flag pattern.
I believe that a further decline will initiate after a breakout of the support of the flag.
4H candle close below that...
ive been aiming for 36k as a final target since the start of this mini run in January.
this recent PA has been a bit meh, with buy interest coming down at a point where i believe some players have loaded a lot of sells teasing everyone for the 32/33k liquidity.
as this local mini range is just an sfp of Aprils high and price drop would be considered internal...
The Bitcoin Illiquid supply vs Exchange Supply is at 15.2M BTC 78.3% of circulating as of June
It's very true we can't guarantee how many coins in the total supply are actually lost since the Genesis block but a rough number has been floating around that it's near 10+ million.
Let's run this math on Bitcoin with the supply today sitting at 19.4M
Reduce that by...
Hi everyone👋.
As mentioned in previous posts, Bitcoin failed to break the 🔴 heavy resistance zone($ 32,420-$ 28,900) 🔴 in the first⚔️ attack⚔️.
According to the theory of Elliott waves, Bitcoin completed the 5th wave at $ 31,000 and is currently in a corrective phase. It takes time to recognize the structure of the corrective phase, but we can expect Bitcoin to...
Bitcoin is currently retesting a broken daily structure support.
To sell the market with a confirmation, watch 1H time frame.
I see a double top pattern there.
25415 - 25470 is its neckline.
If the price breaks and closes below that, it will give you a strong bearish signal.
Sell aggressively or on a retest, then.
Goal will be 24930
❤️Please, support my...
After yesterday's FOMC signaling further rate hikes later on this year,
BTC dropped heavily.
The price violated a key daily structure support and closed below that.
It opens a potential for a further decline.
Next support - 24360
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trade pressure is coming back to neutral from a positive move, this coincides with landing into a support zone
it felt weird how bitcoin did not take last years liquidity just above 32k
as it currently forms a bull flag/wedge into the support zone we could see some relief and a move up soon
the question is whether it is a corrective B wave, or the start of a final...
![BTCUSDT: [Bitcoin] next steps (update)](https://s3.tradingview.com/l/lZ2h1knb_mid.png "[Bitcoin] next steps (update)")
![BTCUSDT: [Bitcoin] next steps](https://s3.tradingview.com/e/eAOg6Y7a_mid.png "[Bitcoin] next steps")
