Cup and handle formed and completed handle breakout. According to this cup around 40-41k completion.
Never marry an idea, always be willing to change. Things change in an INSTANT.
US Inflation data tomorrow @ 6:30 ET!
It seems that the increase of short positions have stopped. When the short positions were opened on may 17, a day later bitcoin dropped from 43k to 30k. This time, there are even more shorts, and the increase is even steeper.
I wouldn't be surprised if Bitcoin will go down by a lot about a day after I publish this, same as on may 17. Personally, I also wouldn't...
Do you remember our analysis from 1.May? You should check it. We predicted bitcoin dump.
See a charts of short position. Do you really think that bitcoin will go down and most of traders who have shorts now will be rich?
Only 10% of people are longterm successful in trading. If you want to be successful too you should do what 90% people don't.
This chart...
20 days ago when Bitcoin was between 39-40k based on a prospective modeling I said there will be death cross in the June,
My predicted date was June 21, 2021!
Compare the quality of my works with Eagle eyes chart watchers ..!
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Many people called me stupid, scammer, ...etc, but at least I know I started this to help others!
I know I...
The more I study the repetitive patterns in bitcoin, the more I become confident that these price patterns are unusual.
If you look at the percentage you see small numbers but if you look at the money equivalent these numbers are so big that could not be the result of someone's tweets.
Another interesting pattern timing!
Since bitcoin is tradable 24/7 it must...
Btc looks enormously bearish, as this could be another leg down it could also be a giant bear trap liquidation hunt to the upside. Alerts set, stay chill today folks :)
Any time the RSI has been @ this level on the BTCUSDSHORTS chart we have had a large move to the upside. Will the trend break? The trend is your friend until the end.
Back test it yourself.
There's a huge spike in BTC/USD Shorts exceeding 200% on the daily and can be seen clearly on the 4H chart. This is a very strong indication of a coming dump in BTC/USD chart that could be triggered in a better of few hours or a matter of three days max.
What one could do in such scenario is:
1) Place tight SL for Alts
2) Place bids for BTC
