CRYPTOCAP:BTC on the daily is creating a white swan pattern.The pattern completes around 42k zone. For confluence the BTC chart is also creating a NAVARRO 200(1)harmonic pattern that completes around the same zone To point out there is also a strong support zone around 53k-51k area where BTC might bounce up before continuing with the down trend.
Pump for Bitcoin Spot ETF and Havling in Fall 2023. Top around March/April 2024. Failed Halving Pump. Bad economic climate in 2024. Liquidity Event. Recession in Fall 2024. Crash to sub 10K. Bottom sometime in Fall 2025.
I had shared my target for BTC’s target CME:BTC1! in the long term. Now, what do I expect after reaching that target? As you can see, I lean towards the idea that BTC will enter a bear market after reaching 100k, so I'm not expecting 140k. However, it could happen if you use a logarithmic chart. This is a non-logarithmic chart. After reaching the PO3 target, the...
5.1.24 I picked Bitcoin as an example of how I look at potential trades as a buyer or a seller using gaps the way I look for gaps and whether or not the market retest those gaps or not. I'm making my trade decisions by looking at bars on the chart not all the ancillary tools that you can put into your chart.... I don't use those tools because they cause conflict...
Logarithm. Completion time 1 week. Instead of updating an old idea regarding the Nasdaq Index and BTS on pump cup formation published on 06/17/2023, I decided to implement the idea on a live chart. Comparative analysis. Fractal. Lag. Bitcoin and Nasdaq 17 06 2023 I have applied the cup percentages as well as the cup with handle if formation occurs (high...
➖ This is now a high probability trade-setup. ➖ The bearish potential is very strong. ➖ The down-move has a high probability to happen next. This is the situation we are in now after months and months of being too early but the market conditions will continue to evolve, fluctuate and change. We have three days red; first time since January. We are about to enter...
Going over the BTC chart its at a critical juncture. looking for clues to what the market is telling us.
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...
We see the possibility of an uptick after the close of the WXY pattern. It will close at the 1 to 1.13 Fibonacci level.
going over the Price action BTC looking for clues from over the weekend. trying to see if any A+ setups.
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...
We see the possibility of a bull market after the zigzag close. Although the bearish phase lasted longer than I thought It will show an impulse wave rise above the high point.
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...
Going over the BTC chart longer Term looking for clues and how we could have traded it better.
the cme chart shows a clearer picture.. hope it works out!
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.
As we closely monitor the current trajectory of Bitcoin, it's evident that its strength is diminishing, prompting a thoughtful examination of our strategic options. In navigating this landscape, it's imperative to remain agile and responsive to market dynamics. Should we witness a loss of the 65475 mark within the span of this week, the scenario of adopting short...
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...