An analysis to try understand where long term buy / sell / accumulate periods are. Strat takes into consideration halvings since genesis, and assumes a regular monthly income to be utilized for strat.
What do you think about BTCUSD ? This pair has made an ATH at @73000 and since then the market has been consolidating within the range of @73000 high and @60000 LL. At this point the market could break lower or higher. So on this 3rd leg of the retracement, I expect the accumulation inside my poi on the lower time frame to result to some buys to the level of...
There is a possibility that Bitcoin will reach the prices of $33,000 and $24,000
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This is a meaningful description to my forecast. Look out below. And get ready to buy.
Observing the daily price action with BTCUSD, I'm waiting for a pullback to the approx 50% level of the current range to consider a short scalp position. All trades are indended to start as a scalp and then transition into position management to maximize gains. My deciding factor for holding the short will depend on the momentum at the given time. Scaling down...
Would like to see bitcoin take off and i think it will in the near future, but this larger corrective wave to the downside would give a nice reasonable correction on the higher time frames.
I have reason to believe Bitcoin is long, in the long-term, but for now I see a bit of a correction that should be expected. This would be the view of the approximate expected drop, before and good run higher. Keep in mind it is acceptable to just continue higher through my wave rules and it would simply change the counts slightly. **have a plan and trade that plan**
Bitcoin has rejected the 70K area resistance as the pre halving consolidation unfolds. In hindsight, you were better off listening to things like support/resistance LEVELS and price structure rather than all of the social hyperbole going into the halving event. "Buy The Rumor, Sell the News" seems to be what is in play here and usually makes fools of people who...
I'm posting this chart to show the trend is broken.
its going excatly same like 2020-2021 bull run so funny
Nervousness on financial markets was supported by continuous geopolitical tensions, but also by inflation in the US which will most probably not reach the 2% target any time soon. This means that the Fed most probably will not cut interest rates three times during the course of this year, as announced at the latest FOMC meeting. At least the market is currently...
I see potential for downtrend continuation in Bitcoin, especially with the formation of a triple top on the daily timeframe. We will waiting price to come to the resistance area and place our short position there
Just adapting to the market and the current geopolitical situation. this could very well be a left translated cycle for real unless we crash. current 12h to daily structure shows something similar to this. however, this is just an idea i am publishing to not lose it in my head. not to be taken seriously
The uptrend is broken. The price is no longer putting in higher lows. Therefore, I took small profit on my long from yesterday, and I started laddering shorts today. My take profit for shorts will be the weekly Bollinger band mid-line moving average at around 52k for now. God bless! -Handy
Although i can see a nice drop coming in that would fill corrective waves a bit more "text book", if we're to move up from here I would use my fractal method of counting. Fractal wave counts are all the same as standard Elliot Wave, except when a market is creating a larger fractal wave, or a bigger wave than the data is displaying currently. With that in mind,...
BTCUSD WILL REACH TO 50-60% Fib than return down to wave c
If the downtrend continues to certain levels as described by many TA technicians in this chat recently, we might as well watch for the continuation of the current bearish pennant patterns taking place. Logically placed on this chart to visually see if continuation persists. A logical ping Fib line was shown in chat on a chart and suggested the lowest low might be...