Don't fade this strength. Bull flag on the 4h, measured move, gets us right up the logarithmic golden pocket. Funding is also quite negative, so a lot of shorts to provide liquidity to whales to fill their shorts from higher up. This is following similar price action to ARPA.
Really nice rally, however, we have several reasons to be cautious/bearish here/ High Time Frame Resistance 0.618 Log Fib Level Large rally with little consolidation along the way Uptrend Channel Broken to Downside. Bearish Divergence Head and shoulders pattern forming. I could be wrong and a short squeeze could ensue.. but odds are it may be an...
BTC broke some important levels / diagonal resistance levels. I think it's possible we trade a little higher up to $24,840-25,000 Before a correction to 21-22k area, and chop sideways before possibly a nastier correction, or a move higher to 33k. Likely another shakeout around the corner. Practice patience with this move. Chop would likely result in a little...
Looks toppy. SFP at previous high. Looks like potential Head and shoulders pattern forming. Bearish Divergence on multiple timeframes. Momentum falling. Be cautious
Seeing bullish divergence here.. I believe we will see a pop to the upside to potentially hit the above Fibonacci levels. T/P at each level...
Bearish trend break, bearish divergences, what more can I say? Good RR. $4 target
Another long-trade idea that might play out. Always use good risk management.
Interesting chart set up here, could be a good spot to position long.
Long here .. Two scenarios on the chart.. Fake out, then rise.. or break out and rise.. targets at horizontal lines..
TLDR: Nice bottoming pattern forming here, bullish making higher highs, and higher lows. Ascending triangle also. Into key resistance, tested multiple times.. I like this trade. --- "Adam and Eve" bottoming formation is a bullish pattern that traders look for on price charts to identify potential buying opportunities. Let me break it down for you. Imagine...
Good spot to play the bounce trade.. 618 retracement filled.. Getting some lower timeframe bullish divergences..
Falling wedge, bull signal with my indicator on 8h, I have an inkling about this one ;) Targeting 23c. Although, this could blast higher, I have more conservative TP. I nailed this trade previously:
Bullish case for BTC over the next 2 quarters. Possible run up to 28, with a shallow correction, another run to 30-32k.. then re-evaluate..
Targeting 23c. Set up looks good to me.. Nailed the last move.. Got a good feeling about this one..
Bullish pin bar, bullish. Expecting mean reversion to 50% fib Called the top.. Calling this bounce..
ROAR. No this isn't actual TA. It might be a little bit of cope. One scenario - it could possibly be a bull flag playing out. Another is we are about to giga nuke to 25k 50/50 right now.
Take profits immediately. This will correct. Targeting 0.618 My Indicator called the bottom and it is now calling the top of the move.
Dumped to golden pocket, seeing some slight bullish divs on lower timeframes before BTC giganuked, and bullish reversal candle/pin bar.. Long from here