Pair of lower highs here and a double top after a nice run up to the 1.272 on the Bullish dragon breakout!
(Inverted of course)
The idea here is Bitcoin (Inverted) does not look like an asset id be going long on, infact, it looks like a great asset to short.
This is a nice exercise to do when evaluating your bias.
I wouldnt be surprised to get another go at...
Possible short on BTC?
The consolidation phase had breakout to the down side and now seems like it is forming a low-timeframe correction to continuo its movement.
Bitcoin appears to be forming a Navarro 200 Harmonic Pattern on the 3D chart. The first price target of this pattern is around $10.7k around late September 2022. It's hard to imagine Bitcoin dropping this low but at the same time when Bitcoin was at $69k everybody on YouTube was saying Bitcoin at $60k is cheap. Anything can happen in the Crypto Market. Especially...
We can see that we are starting a long accumulation process.
We are all bullish on crypto in the long run due to the mass adoption. Nevertheless, we should not forget about the regulation also. This is in many cases hitting the growth.
Hacks are affecting less and less to the general price action. Instead regulation is affecting as well as the natural way of the...
We can see that we are starting a long accumulation process.
We are all bullish on crypto in the long run due to the mass adoption. Nevertheless, we should not forget about the regulation also. This is in many cases hitting the growth.
Hacks are affecting less and less to the general price action. Instead regulation is affecting as well as the natural way of the...
I think its still a little early here to call but if we manage to break above 44k again here, we could catch a nice breakout and usher in the Bullish Gartley return. You can see momentum is beginning to shift, and even if the larger trend was to remain bearish, i think there is a mean reversion play here using the Trend cloud or a moving average/vwap. We've also...
While we do have an open trade here on Bitcoin from 34,000, ive had a few people ask me about trading it at these levels. Our next targets on the trade setup are 48 and 51500 from the smaller patterns but there is the large pattern here that i still like because of its confluence with my leading diagonal thesis.
You could argue it would safer to play the breakout...
Bitcoin and most major markets have been trending downward for several months, and we may be seeing some signs of a reversal. Ascending triangle pattern on the 4H time frame we may see a quick pump up to my daily levels at approx $58k.
Will we be able to sustain this rally or is there still more pain left?
Only time will tell...
Namaste!
BINANCE:BTCUSDT Chart analysis. Could be moving within this pennant looking for a siginicficant move either way soon. Will look to play swing trade on the retest of the breakout either long or short. Long could see a move back to 52k at heavy resistance and 0.5 fib level which from there I would then be bearish and short could see us coming back to 28k where we...
BINANCE:BTCUSDT Analysis 🤔📈
Since November we saw a 50% move on BTC back to 35k. Since then we have been bouncing around between this 45k and 35k level and I believe we have a possible pennant like pattern forming at the bottom of this down trend. A breakout to the upside and I think we can see a run back to at least 52k. There is a lot of resistance here at...
bears waiting for 30K and maybe 20K. prize ll be big if bitty bounce from the legs of the unicorn and climb to the golden horn.
not a trading advice. have fun.
Bullishly engulfing here with RSI breakout out on the 6HR as we enter the bullish control zone. Bitcoin has managed to hold its 45 degree trend here which keeps the bullish trend intact, with a golden cross as well. Ideally youd want to see the 200 heading upward as well but the context is right as we are above both and have backtested with confirmation. We've...
