BTCUSD
Hello traders, welcome back to another market breakdown.
In this video I give an update and my opinion about Bitcoin recent price action.
Trade safely,
Trader leo.
TL;DR: 32k --> 20k...?
Here's my current EW count and HTF thesis. If my count is accurate, I think we can squeeze 33k out of wave 5. This will also satisfy the Wyckovians among us but we will not make the D1 gap around 35k.
After 33k, I think there is a good chance we can begin dropping back to 20k, where we just made a new D1 gap on the way up. 19k is also...
Here is the possible scenario for BTC after inability to break the resistance and fill the 35000 CME gap,It is possible that it’s heading down to fill 20000-21000 CME gap first.Lets see how its gonna play out,Always a student!
Posted some #crypto #altcoins & CRYPTOCAP:BTC analysis over last couple of days
(pls see profile for more info)
Began to go long on those calls & so far working out
@ about 10% cash since then
#BTC HAS, MUST, push here
IF IT DOES NOT
Likely going a bit lower & stay within the TRIANGLE pattern unless #Bitcoin breaks to downside
IMO - NO
Wouldn't surprise me to see this run of liquidity to gap-fill below and test the local Point of Control (POC), before rocketing up to test the VAH (value area high), also filling another gap...
If bullish momentum continues, expecting a run to fill the last local gap in the 34-35k region.
Ultimate target for the "Echo Bubble" of 23 would be around 48k..
Posted this couple hours ago
Going to focus on short times frames for CRYPTOCAP:BTC
IMO that is best until we get a BETTER view of what is really happening
IMO #BTC should still go higher but needs consolidation, rest
RSI is hanging in middle
#bitcoin is on a CHANNEL but it's also forming TRIANGLE pattern (these tend to be CONTINUATION patterns)
4hr shows...
Hello to all small and big traders, today I was checking all the empty spaces of CME when I noticed 3 gaps that have not been filled yet, one is in the area of 34000 to 34800, one is in the area of 21000 to 20000 and the other is in the area of 9500 to 10600. It doesn't matter if it is filled, but it must be filled. This plan is for a long-term view. Now or first,...
I believe the quick drop yesterday could have been a large order that was triggered by backtesting this trend line. Im bearish from here until proven otherwise.
Shooting up +10% to liquidate. Shooting down immediately after -10%. This is a problem in the market. Or maybe we can continue the conversation? Why does this happen? Is it always a pervasive force or are there benefits to such action that are unforeseen to me? I truly would like to learn more. Because - to me - this does not represented a healthy market. It seems...
I keep hearing an awful lot about bitcoin is the future, that bitcoin will skyrocket to $100,000 which makes no sense because they fail to realize the amount of money that would take. I wonder where the money comes from...? In this chart, I will give my take on Bitcoin and where I see it going. If I am wrong, I gladly accept it but I highly doubt that I will be....
In supplementation to my most recent chart, "In bitcoin we trust" I wanted to make my point even more clear by adding the Fed Balance Sheet.
As you can see, it has been and always was the Fed pumping every asset. March 2020, the Balance Sheet exploded higher, as did stocks and bitcoin/crypto market.
Prepare for anything because they're on to something. This just...
Short-term bearish, long-term bullish.
I'm not currently trading Bitcoin and am only stacking, but I use the short-term technicals to time my buys which have been nearly every week since September 2022, and my current cost average is ~$20k.
Bitcoin price is attempting to hold above $28k after breaching but failing to hold above $30k this past week. The...
