Analysis using Multi-timeframe data (1h, 4h, 1d, 1w, 1m) COINBASE:BTCUSD
A flashing inverse head and shoulder pattern is indicating bullish momentum in the 1hour bitcoin price 68,000 is the next target for the inverse head and shoulder pattern a bullish breakout could send the price soaring to a 72,000 target!
& correct around $25,000? What does you think? Comment below!
15 minute chart looks structurally like an accumulation, there are 4 signs of strength (joc x2, buax2) and there is no Phase C last test of supply. The intermediate trend is down and despite the fact that on the intermediate timeframe the market context is that price is in the position of a secondary test forming a trading range with bullish characteristics,...
Price retesting the Weekly Low to proceed to the downside to complete this Daily Bearish Retracement... Just reading Price Action! - Short Term Bearish _SnipeGoat_ _TheeCandleReadingGURU_ #Like #Share #Subscribe #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #DayTrader #SwingTrader #PositionalTrader
We have Bearish Cypher pattern on bitcoin H4 chart. Risk reward 1/3, we can place sell limit order on potential D point.
The end of the correction wave is near. This is my opinion and it may be 100% wrong
MACD bearish divergence, RSI bearish divergence, Willaims%R double top similar to last cycle. I will save the lecture on sentiment, by simply pointing out a few altcoins. CUMROCKET, PEPE, DOGWIFHAT. Top is likely in, and being that it barely broke all time highs of the prior cycle i will suggest there is literally no reason to buy bitcoin again for "another...
It's a false breakout ⚠️ Do not get fooled #BTC will indeed find a buttom in May at around 50-52k, a little bit more patience is needed here.
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As shared previously, we were tracking a Bullish Wolfewave into making and then took a bold move to short while we wait for wave to complete Here is that trade, which we completed within a week's time Now this time we are looking to enter the trade and ride or die. Upside is huge, all the way to 70, while downside risk is 2-5k depending upon your risk. Play...
Given what we know about BITSTAMP:BTCUSD we are fleshing out a scenario called the "Bitcoin Cycle" We anticipated based on technical observations, that it will follow along a similar path to it's previous mountain to pattern. The only difference in this cycle is that instead of a Rally, Base, Rally move we had in the first mega cycle, the second would need a...
- Quick update and not a price prediction, just to give a general idea. - Timeframe is only H4 ( and i don't like too much small TF, lot of noise there) - Just to monitor the PA between 72k$ ish and 60k$ ish. - this PA could form a ranging consolidation to the next leg. - if BTC dip again, the next support is around 50k$ ish. - Keep things simples. - I don't...
if we break out from the fib. retracement lvls and into the golden pocket of the fib extension, rejection is a great time to short but if it holds then we should all hold on with it. sunday still worries me with this week coming up so lots of volatility but short term quick plays in and outs should be the plan for the rest of this weekend. Happy Trading <3
** CRYPTOCAP:BTC performed Falling wedge in 1D TF ** Keep eye on it Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. -...
no more crab. It goes new ATHs or it goes 40-50 this decision is final
If we continue to the upside, will,100k be a local top or not?