BTC ascending triangle in the making
3560 points from base of ascending triangle to its resistance projects 3560 points above resistance as target, which is right around 42k, confluent with mid of the whole move, and through CME gaps at 39900 and 41245
GOOD MORNING & hope you all had a GREAT Thanksgiving.
We all have something to be thankful for.
CRYPTOCAP:BTC keeps on moving. However, the volume is getting lighter. Good news is that there are lack of sellers = is good.
Weekly it shows that #BTC is getting very close to our expected high, the dotted red lines you can see in the low to mid 40k...
Good Morning
CRYPTOCAP:BTC is currently in a small pennant formation.
Pennants tend 2b continuation patterns.
#BTC RSI was weakening BUT seems to be breaking out of downtrend at the moment.
If you still think we haven't BEEN in Bull don't know what else to say. Signs have been there forever.
Granted, things can still change but the current trend is strong.
#bitcoin
Seasonality in effect.
Traditionally, Thanksgiving is a bullish event for Bitcoin.
I like the possibility that BTC can stretch up to fill its 39900 gap this Thanksgiving.
Happy Thanksgiving y'all!
OKX:BTCUSDT.P Short 1W
Rising wedge
+
Entrance 31745
=
Exit 18475
I am interested in your opinion on this algorithm of actions
deposit 20% of asset
order 20% of deposit
leverage ×20
cross margin
take profit 25+-% of order
stop loss 5+-% of order
day loss 1% of deposit
RR 1 to 5
Entry on negative news background
+
At negative mood of trendsetters
+
No nearby...
CRYPTOCAP:BTC looks okay technically but the RSI is losing steam, gradually.
This has been mentioned before, a few times actually.
#BTC 4hr shows the weakness in the RSI a lil better.
CMF = $ flow still looks okay though.
However, #bitcoin on 1 hr shows the $ flow reducing a bit.
#crypto
BTC1!
Last Friday 36565 gap filled
Volume (absorption) at gap suggests potential for inflection from here
MA confluence as well
I mentioned the possibility of a backtest of this area at start of week
BTC1! on 12hr Potential Triple Top rejection
Hey everyone,
I am anticipating a bounce for BTC1! for 11/22.
The market can always change but this is what i see atm.
The Double top was rejected on 12hr.
Potential triple top after bounce to the upside of 38k and a pullback thereafter for a triple top formation.
"A triple top is a technical chart pattern that...
Very predictable price action from BTC as usual.
If you missed the opportunity to load up more longs over the past 12ish hours, then pay attention to the NWOG. Watch for respect of the gap or immediate rebalance.
Target is the buyside above the old second stage redistribution.
Note the IFVG directly below that price will likely refer back to over the coming months.
The blockchain total market capitalization is at the beginning of a new momentum trend of what it seems the most likely scenario would be a stage 2 trend (uptrend).
Most of our momentum trading bots that trade blockchain assets as underlying's have entered long with stop trailing orders.
The RSI in the weekly chart is of +70.11 for Bitcoin CME Futures and of...
The head and shoulders is still valid carrying on from Jan 2021. We bounced off the neckline from currently traded prices. We can still bounce off the neckline for several days or weeks. However, if not broken through we will ultimately see a downtrend possibly until Nov 2024 being a 1W chart.
Target price for a head and shoulders pattern is:
Price difference...
The value of the US dollar has returned to prominence this year, reaching near new annual highs.
Since July, the value of the dollar against a basket of foreign currencies (as measured by the US Dollar Index) has increased from 99 to 105.
This means that the greenback is regaining strength after a period of weakness.
The dollar's rise was surprising,...
Next weeks will show do cryptomarket goes nuts like in 2020 or nukes like not seen before.
All indicators show similarity to breakthrogh like in 2020, but as it is usual in cryptomarket when everything is bullish it could crushs
If price will go above Bollinger Band most possible there will be rully to 90 000
Bitcoin last hoorah moment. Everyone is back to the hype and i view it as a time to be very cautious. My view: bitcoin is done. Its not hedge against inflation and it will not work with interest rates skyrocketing. Bitcoin is fiat derivative and many will get trapped. Unpopular view.
That CME gang cray
Ran up to take intraday (but not intramonth) highs before close
Now filled previous day 330 close gap at Thursday open
Also happens to be same approximate area as that 35925 gap (filled last week) that I've been talking about
If bullish they'll likely hold this level for continuation
Has 39900 gap above as incentive for higher
This unclosed GAP on CME Futures waited there for more than a year and half and now it is closed.
What doest it means about the future price moves? First of all, the traders that were trapped on that levels can now close the positions break-even, but should they do that after waiting so long? I think that most of them will, because of psychologic bias. But, there...
