Bitcoin remains downwords and is falling correctivly into a WXY pattern.
I will trade this with short entry at 23000 and stop lose above black X wave top.
Price allready hit 0.618 fib retracement of the previous blue W from black Y.
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I have made video tutorial on how to use Auto Harmonic Pattern V2. This is not invite only script. But, decided to make a video anyway due to complex nature of the indicator.
Please go through it and ask me if you have any questions.
Using the fib tool going from previous high to previous low, it looks like on all time frames bulls are being held below our 0.5 lvl (with a monthly about to close below it) which has me feeling this is a dead cat and we 're going to fall soon. I do think it's possible we come to the 0.618 lvl real fast though before falling so I'm not getting into any crazy...
This idea came to mind not based on TA or anything, just from the general price action. Copying the general action we saw back in May 2021. This is using the original idea I published back in May 2021
Wouldn't this drive all market participants mad.
Bull trap, bear trap, squeeze, then trap all the bulls and cascade liquidations. If market chooses path of...
After this flat type correction I expect bitcoin to correct more at least with a C wave and it is possible to touch the 21650 area.
I will enter short at 23210.
Stop lose 23670
I will update take profit later.
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We find here a pattern
Adam and Eve
And if the pattern is confirmed, it will break upwards with a retest, and this is the first signal to confirm the bottom
As this price pattern is a clear reversal pattern, in case the first resistance line (red) is broken, it will result in the next resistance from the upper line. If the two lines are broken smoothly, this break...
There's a chance that the price may test the $26882 to $27668 supply level.
Personally, I'd like to think that bears will pray we try that resistance right away in August.
If monthly closes below $23442, will review the chart.
In crypto the derivatives market accounts for the most volume so it's important to be aware of the dynamics of that market.
There are two types of contracts that are very popular: the perpetual swap contracts and the classic futures contracts with an expiration date.
The main difference between the two is that perpetuals are continuous contracts on which, in...
hello trader today a new idea arrived for you. Like and subscribe to the channel there is a lot of useful information✅
The last signal worked out 100% in a short time, it was a movement along a true downward channel.
After that, we saw a BTC reversal against the backdrop of positive news from the Fed and GDP, which is expected.
What I expect next, I think...
I will carefully watch these two below zones to look for long bounces (or reverse ?).
My trading plans :
- 20k zone with reverse/bounce signals (wyckoff, momentum divergence/convergence), first target would be first supply zone
- 20k zone break, we go to 12k zone, I will look for reverse/bounce signals (wyckoff, momentum divergence/convergence), first target...
BTC formed a bull on 30th July and has been selling off since. It's now broken mid point support on the bear channel. It should find support soon and have a short term relief rally but can it show strength to break up and out of this channel or will it break the channel to the downside. We wait to see.
Let me know your thoughts!
Monday's Opening Price
The highest price at which the stock traded during the entire week
The lowest price at which the stock traded during the entire week
The closing price on Sunday
Number of Candles
52 candles for the entire year