Bitcoin is the cleanest uptrend of my watchlist right now. I'm looking to buy any weakness to $65,000. Daily RSI Crossover indicates we could be at the start of another bullish "cycle" providing a good risk reward opportunity. I'm preparing to execute aggressively if conditions require.
Daily closes below $65,000 or sustained movement below $63,000 would...
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...
The US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US...
We all know of the strong rally that catapulted to a fresh record high in March. Yet price action since appears to be corrective. Whilst we do not yet know if this is simply the first leg lower of a complex correction, or it is set to break to new highs - only time will tell. However, it appears set for a leg higher over the near term.
Volume retreated with...
Are you a Bitcoin futures trader?
If you are, I am sure you will agree with what you are about to read:
👉 Bitcoin is set to crash next week.
Looking at this chart, we have:
➖ First, a top pattern in the form of a cap.
➖ Then, both the ATH and proceeding lower high sessions closed red; both below EMA10.
➖ We have two weeks of trading below EMA10; bearish bias...
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...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
I will continually update all trades.
I am a #BTC bull, so any contrarians should reverse everything I say from now on.
#Bitcoin halving is days away. The trend following a halving is at least 6-months to the upside. We're already 2 months into a #BTCUSD bull-cycle. So I am bullish in this current trading range, meaning looking for "Buy-the-Dips".
The trading range is from the ATH @ $75185 in the...
Going over our Focus list longer term. looking for clues as to what the markets are telling us. looking for zones to engage in that give us an edge. always remember we are Risk Mangers 1st and foremost. everything else comes after managing Risk. Dont listen to the haters. We're here to make $$$ not compare brain sizes.
Weekly session just closed which erases the last four weeks of declines and uncertainties, the candle is larger and also seems to express decision. I think it is normal to see movements of this type after quite significant bearish pressure, it is not a clear signal that the correction is over, but we can see it as a beginning or at least an important rebound. The...
Going Over BTC QQQ NVDA SMCI TSLA ORCL NVAX AMC GME longer term. reviewing Price action and spending a bit more time in depth. looking for clues and levels where we should have been engaged and how to trade them better next time. Pain + Reflection = Wisdom. Pain + Reflection = Wisdom. CPI today remember we are Risk Managers #1 Priority.
BTC1! on Daily - Bull Flag
A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
I will continually update all trades.
CRYPTOCAP:BTC is in an obvious downtrend.
THE QUESTION is, "when will it reverse course"?
#BTC will most likely change course before the end of one of the phase that we posted.
#Bitcoin Phase 1 is a total of 3 months. Phase 2 is a total of 6 months.
Purple vertical lines.
We already hit oversold a few days ago.
IF we retest the lower range we want an RSI...
CME: Micro BTC Futures ( CME:MBT1! )
Federal Reserve monetary policy is the dominant market mover across asset classes. Financial markets around the world rise and fall by any hint of the next policy move.
Last Friday, US stocks jumped after a weak April jobs report boosted hopes that the Fed could start cutting interest rates soon. The Dow Jones Industrial...
