I think we're at the peak of the 'Mini Bull Run', similar RSI lavels compared to the peack of the last Mini bull run
BTC is massivley overbought on the weekly timeframe and needs to show support at 40,000. Maybe 38,000 - 36,000. It'll be fast.
Bullish contraction, confirmation, candlesticks, ready to move up. As candlesticks inject, the red zone comes along with a bullish up trend.
Two things will happen; if selling increases, then the bottom Wick will inject the red zone or smartMoney Will plunge the candlesticks.
Sorry for the delay mates.
Ive been going through major time frames for btc , what i noticed is that imbalances(colored candles)on the weekly time frame match the daily, the main area is 33k/32k ,lower time frames suggest we have imbalances to the downside all the way down to 40k which is at the 200MA level,we havent tested it since last year October, i think a break of 40k/38k will take us...
In the first scenario, if the price breaks the resistance line, it can continue its upward movement to complete the positive pattern. Otherwise, if the static resistance line is not broken, the price will move towards the dynamic support line, and then with a good support, it will use its upward guard to complete the triangular pattern. keeps
Time range is a concept to get the price when market should move very slow. Traders want to find trade in the finest moment and exit the market as quick as possible.
Time range will define the consolidation period. After the end of time range market should start rally to its trend's direction.
To define time range, On the chart we draw a white line. All the...
When doing technical analysis, I often find myself looking for candle patterns: shooting star, doji, hanging man...
For example, when I tried to use following parameter to find hanging man on daily candles:
Range (High - Low) >= 10%
Body < 50%
UpWick < 10%
LowWick >= 45%
Price direction: both
I find it quite useful in marking top of 2017 and 2021 bull markets....
Looking at BTC I can see a potential move to the downside targeting 38k, followed by 35200, and then 30k. The price has been bullish up until the last couple of weeks where we found the 45800 key level to play as a major resistance. This key level also happens to be within a significant OB adding to the confluence. The anchored VWAP can be added to show how the TP...
Marked on the chart is the Halving Trend pattern I identified by marking the second rejection after ATH's, which crossing with the halving date tells exactly the halving price on the halving day.
The falling wedge of the bear market will eventually get support after a ~4th hit and align with the halving trend line, which is the same on all runs.
We can predict...
Bitcoin attempted to break out coming into the New Year holiday establishing a higher high at 45922 followed by a SWIFT rejection back into the range. While a new high was technically made, the failure to follow through means Bitcoin is still arguably consolidating between 40K support and 45K resistance (Wave 4 extension?). In this brief article I am going to...
Observation
After 58 weeks of price rising within a well-defined channel, Bitcoin has hit the top of that channel, while tracing out an almost perfect Cup formation. Considering the sustained over-bought conditions of the weekly RSI and a MACD that is rolling over, it seems that BTC is ready to correct and build a Handle to complete the Cup formation.
...
Do you feel happy? SELL?
Do you feel fear??? Buy?
You probably had some fear...
I'm back in and sellers are ready to mark the price up I feel!
NOT FINANCIAL ADVICE!!!
Bitcoin continues to outperform every asset. Next year in 2023 shows 150k minimum target. I look forward to the outcome.
Please remember to do your own research and this is not financial or investment advice.
To the MOON!! 2023!!!
Hello Crypto Enthusiasts,
🚀 Exciting news! Master Chef is back in the kitchen, ready to serve up some piping hot hypotheses on crypto tokens, including potential meme tokens for us all to feast our eyes on! 🍲 Today, let's delve into why BTC is set to soar to new heights.
1.) 📈 EMA Health Check: The 4-hour time frame EMAs are looking fit and fabulous. Could this...
