BTC has reached the top around US$ 73700 on March 14, 2024 as it was clearly explained in previous publication.
Since that it's gone around 1 month till now, and no one new high was printed in BTC.
Bulls fade. Robust gain de-established. Upside bubble-alike trend transformed into detrend structure with flat top near US$ 73000 per BTC.
RSI (14) is sluggish...
4.29.24 I think the test was coming to an area where it's running into Sellers.... even though it's a bullish pattern... so I explain my thinking there. There's a little bit of a mixed message between the dollar which is going lower at the time I'm doing this video whether I would take a tradethe gold market. And I looked at the silver market... and I took a...
CME:BTC1!
Possible Bull Flag on CRYPTOCAP:BTC
Measured move approx 96400. Could we get a Fakeout as the ignition for this move.
Post Bitcoin Halving ... markets look just as exciting.
Aggressive entry on candlestick currently printing (not closed on D)
Always have Plan A and Plan B and manage Risk.
Always having Plan A and Plan B scenarios so we can react...
Hello all,
I was quite bullish as of recent however this phase has shown some bearish activity. Stoch RSI has not reset as quickly as I would like to see and a Decending triangle formation is printing. Time will tell.
Bitcoin, the world's most popular cryptocurrency, has been exhibiting some intriguing technical signals lately. The cryptocurrency's volatility indicator, the Bollinger Bands, has narrowed significantly, reaching levels last seen in mid-February 2024. This development has sparked speculation among analysts about a potential price breakout for Bitcoin (BTC) in the...
Bitcoin - continuation pattern or a top?
Determining whether the pattern is a continuation or a top pattern can be challenging. One signifies a bullish trend while the other indicates a bearish trend, and we find ourselves amidst a 4-week range on the bitcoin chart. So, how do you proceed?
To analyse the situation, I typically examine the chart across various...
Geopolitical tensions are on the rise, and it's natural to worry about the impact on your hard-earned investments. While war can be a scary prospect, history offers surprising insights into how traditional assets perform during such conflicts. But what about newer asset classes like cryptocurrency? Let's dive in.
The Stock Market Rollercoaster: Dips, Recoveries,...
Ending diagonal BTC v USDT lead into a Bull Trap. Probable build up to a bull trap and Elliott wave down trend, See previous post. Gartley = Positive but can only know when we have more data. Trade safely.
The analysis of the BTC/USD 3-hour chart highlights a possible parabolic expanding megaphone pattern. However, it's essential to approach this interpretation with caution due to the inherent limitations of such chart formations.
Understanding the Expanding Megaphone:
The expanding megaphone pattern is a technical indicator suggesting increasing volatility. It's...
I have back tested this and there are 4 downward points of interest, all the wat down to 32K!! Don't think 32 will happen , but never retested. The white circles are where I have buys in, I do think that the low will be a kiss down to the circle between the 6.18 and the 7.86, the previous high before this run has never been tested either. when the market runs up...
In STF, CRYPTOCAP:BTC has many times avoided breaking down the trendline. With "Iran news" this trendline has broken and now CRYPTOCAP:BTC trying to reclaim the trend zone. Declination from 69K means the "bearish" retest succeeds and now bloodbath for #altcoins
NOT FINANCIAL ADVICE.
That CME gap that was created on 22 March has finally been Filled.
For me, the pressure has been on PA to Dip back into that gap to fill it and so we have been ranging above it for weeks.
This takes the battle lines between Bulls and Bears to a higher level.
PA can move on.
But will It ?
Hong Kong just approved BTC And ETH ETF's.
We may see outflows from USA...
