Fhdjsleifnc

Fhdjsleifnc Updated 

With price slowly approaching the 200WMA and huge volume, one can't help but fit the Wyckoff narrative into this trading range. A Phase B secoondary test (ST) would be confirmed if price moves back up fast into the trading range after finding support in the 3000-3300 region. This may mean that this is a final chance to buy Bitcoin if a low point of supply follows...

Fhdjsleifnc

Price has to close in the trading range-5777 sometime this week or next in order to be considered a Wyckoffspring. If not, this might signal continuation of the trend. Also, the 100WMA hovers just around the new yearly low so, price might not get below it so easily. Considering a new cycle low has been formed confirmed by cycle time zones in horizontal blue lines,...

Fhdjsleifnc Updated 

Points A and B are where the 200DMA are which were the last points of resistance for BTC. Going above at both times woulda been very significant bullish reversal signals for institutional investors since the downtrend began hence, failing to break through signalled sell-offs. Next medium term targets are around the 100WMA and 200DMA at C and D respectively....

Fhdjsleifnc

The picture explains it all.

Fhdjsleifnc

My last analysis didn't include a specific buy zone so, here we go... On the other hand, Tron could also say, "Fvck you, you ain't gonna get my retrace to that green box".

Fhdjsleifnc

Over 90% away from its ATH and an accumulation pattern underway, can't help but feel Tron is due to show us its strength. Accumulating middle-term and long-term already. First sign of a true reversal would be price rising above the 200DMA shown by the blue curve.

Fhdjsleifnc

Each time price reached that line, it's held it up so far but how long can this be held up? Comments are always welcome.

Fhdjsleifnc Updated 

In my chart, price broke out of a falling wedge and had a bounce after retesting that wedge. The green box is my buy zone with a target of $0.66 middle term and $0.9 long-term.

Fhdjsleifnc Updated 

We've been in a symmetrical triangle for a while and we just broke out of a rising wedge within the symmetrical triangle. If we break down below the symmetrical triangle around 6470, next supports are 6300, 6100 and 5800. Expecting a move within the next few days.

Fhdjsleifnc Updated 

In the bull case, we create a double bottom around 6400-6460 with a target above 6660 so if I'd be shorting above, I'd need evidence of demand getting exhausted above 6660. For now, this might be a good long setup with stoploss below 6380. Price bounced around 6450 so, this might be evidence of supply getting exhausted short-term.

Fhdjsleifnc

Following the bloodshed this morning, a Chuvashov fork formed by these diagonals show a short opportunity for Bitcoin once it breaks below the lower line of the fork. A generous target would be the recently formed support at 6000.

Fhdjsleifnc

After my last post, we dipped below 6470 but I got a lot of liquidation alerts so, till we close below the triangle on the 4HR timeframe, I'm neutral.

Fhdjsleifnc Updated 

Liquidating highly-leveraged bottom shorters looks ineveitable short-term. Target is the red zone after a little retracement.