Of course, here is the translation: In the monthly chart of the Bitcoin cycle, there has been a correction of approximately 30% at the first touch of each black average, and we are currently experiencing this correction. For the continuation of the bull market, it will be sufficient not to close the month below the green average. The green line is the support...
It seems that big push to 65500 was just a trap, as expected. We are still on track with my previous idea forecasting BTC to consolidate around 52000 to 54000 for the next 2 months, until July. As you can see on the 2H chart, we experienced a failed inverse head and shoulder pattern. Price target is 53500 cents within the next 7 days. Remember, patience is paramount.
Here is a falling wedge created by smart money intentionally so we can have guidance on where to enter then later they trap retail traders with it. My hidden double top is found within their manipulation. Please view the whole idea. Not much to say but you'll get the point as you see. My strategy is to find hidden patterns that are not detected by smart money.
Everything makes sense to me again. This has been distribution all along. Institutions are not going to let retail long and make money this easily, its always the other way around. This idea that resonates with me the most. I've tried numerous attempts to paint a long picture but each time something feels a little off. But zooming out to the daily and labelling a...
Bitcoin is an invention designed to grow forever as long as we live. If you see the same vision, don't forget to support the analysis. I'm releasing UPDATE2 earlier than planned because today the channel reached *666* followers. The analysis is set for long-term updating. It doesn't matter if the price is 70k or 50k as long as you see the big picture. The world...
Bitcoin Price Hits a Month's High, Breaking Key Resistance Yesterday's release of CPI figures suggests that inflation is slowing down and a rate cut could be on the horizon. This weakened the dollar and boosted the value of assets priced in dollars, including BTC/USD. As a result, the price of Bitcoin hit a May high. Meanwhile, there is sustained demand in the...
Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the...
3 possible price ranges. I won’t say if price will actually get there: this will most likely be a BULL TRAP. View red trend-lines created by smart money manipulation: realize they move according to the red trend-lines. They have disregarded their ORDER BLOCKS and pattens. Thats because of the BEAR 2MO TF. Please, I will not expect miracles. GETTEX:59K is...
█ Adapting to the New Norm: How Traders Can Thrive in Evolving Markets The world of trading is perpetually dynamic, with strategies that once dominated the market becoming less effective as both investors and technology evolve. A recent comprehensive study titled "How exactly do markets adapt? Evidence from the moving average rule in three developed markets" ...
Chart displays the continuous Wyckoff Accumulation and Distribution cycles chained together. Any trader can check the levels and will agree. If this trend continues, then BTC may see 50k to 52k levels by the end of May 2024. No trading advice, but the pattern has been going on since the beginning of March actually. Accumulation and Distribution.... again and...
Hey guys, Keep an Eye on the Inverted Head and Shoulders Pattern!💥 It's time to stay vigilant as Bitcoin gains momentum. The inverted head and shoulders pattern remains in play, signaling potential bullish movement ahead. If Bitcoin manages to break through the crucial 65,650 level, it could serve as a significant signal for the bullish trend, indicating a...
Bitcoin (BTC/USD) has just rejected off the pivot which acts as an overlap resistance and could potentially drop to the 1st support. Pivot: 63,223.31 1st Support: 60,588.92 1st Resistance: 65,521.94 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Greetings, fellow traders! Today, I want to share a tactical short trade setup for Bitcoin that I’m considering, based on the current dynamics in the 30-minute chart. As always, remember this isn't financial advice (NFA). Trade Context Given the heightened volatility we’ve been seeing on the 30-minute timeframe, the price movements are swift and sizable, which...
The point of this chart is not to look at future peaks, although we will touch upon it. The point is to take a dive into the indicator called the BTC log regression {Rainbow Dark} that is based on the Fibonacci sequence and the possible transition to the lower band from the top band. Bitcoins entire history has been on the upper band of this log and in...
I am putting all of my energy in to coding support mechanisms for when I am doing real life activities If I were a single guy in his 20s I'd be able to chain a keyboard to my forearm and be present at every market move, but I am a family man who's out doing life therefore need virtual support to do the things I can't when I am not at my computer We live in a n...
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
If the premise of a trend reversal is going to come to pass we need to see rejection of the attempt to trade at a new high. The breakout looks much more promising now but when you look at a lot of tops you find many of them have wicks slightly above the high. I believe these are referred to as "One tick traps" (I just call them stop hunts). If the breakout can...
BTC ~ 1W #BTC Very simple. we found this History for 1W MACD. When the MACD crosses, the price tends to be Down. we found this at least twice in history. will it happen again this time? if yes. $55,000 - $52,000 is the closest target currently possible to achieve.