I think this is a likely next move for BTC.. load up for a short term swing? itll seem like the mess is over but its really not. perfect sucker retail move approaching
2nd time we have had a weekly close below this yearly trendline. Time to close longs and enjoy a chop or begin hunting for short setups. Current outlook is chop sideways for 2-3 weeks before reassesing our structure for a potential breakout trade.
Original 2 BULL Smart money contractions: nothing has changed. Orange lines are pivot zones where the trend will move up and down. My other ideas still stands.
Bull is still pinned down. Soon goes loose.
Who dares speak at a momentum like this? I will. I refuse negative thoughts when knowing after researching BTC has something coming your way.
Mates I had to...
BTC/USD 4 Hour Chart. Fibonacci Support/Resistance levels.
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We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give...
With new monthly candle opening, we see price still showing some sort of strength while closing last candle nicely above $40K and FWB:42K (which were considered psychological supports)
With that being said, we are one candle closer to upcoming halving, which usually marks the start of a new cycle (bullish), but at the same time, we see that we have expanded the...
BINANCE:BTCUSD "The harmonic pattern's target is 40,989."
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
#1 With Bitcoin you can confirm every transaction which means
that with a hardware wallet you can transfer Bitcoin
Directly to it without third party confirmation service
--
Such as when you are using a browser wallet.
--
#2 Bitcoin is open source which means that you can send and recieve it
from anywhere around the world without paying license fees.
--
#3 ...
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📉 Trade Idea Overview:
Embark on a compelling short trade opportunity with Bitcoin (BTC), as our analysis zooms in on the 5-minute chart, unveiling the ominous rising wedge pattern. This setup suggests a potential downward reversal, and we're here to guide you through the technical dynamics, including two designated profit targets.
🔺 Rising Wedge Pattern...
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Discover a brief yet compelling short trade opportunity on Bitcoin (BTC) with our analysis centered around the 5-minute chart and the recognition of a ominous rising wedge pattern. This pattern suggests a potential downward reversal, and we're here to provide insights into the technical dynamics guiding this short-term trade.
🔺 Rising Wedge...
I was reviewing older charts and historical patterns in #Bitcoin, and re-did my Time@Mode analysis of the Q4 2015 to Q1 2016 daily chart.
I think this pattern illustrates well what to expect from a sideways corrective period that is needed to reset sentiment after people fomo'd in at the top before the ETF decision.
The sentiment was similar then, as well as...
i think according to this chart we can expect interesting events...If we have confirmation candles, we can expect the completion of the head and shoulder pattern, and also in case of a price drop, the price range can be described as around 40,200 in the first stage.
Hmmmm...
So here we can see declining volume across all exchanges,
AND
bullish divergence on the RSI
so are we having peanuts for dinner or mushrooms?
Oh and massive OTC buying increasing every day from ETF purchaes.
I predict lowest we will see is 38k maybe not even that and massive short squeeze of all the short lunatics.
