This is an analysis of BTCUSD using harmonic patterns. Firstly I would expect finishing a bullish crab pattern and also targets for bearish crab pattern around 9300USD then bounce back to 9500 region (target for bullish crab pattern). On 1H chart we can see a bearish gartley with potencial target of 8500USD and actual leg shoudnt exceed 0,886 otherwise the...
Inverted graph of SP500 -- Who likes rounded bottom? According this idea we might see second wave of discounted stocks in summer - around june/july.
Just curious crazy idea .. I'll just leave it here... :)
I like using inverted graphs in situations like this, because sometimes it shows what people dont want to see. Whats more likely? A drop bellow a trendline which is there since 2017 or breaking a trend line since march 2020?
Inverted RSI with broken trendline and crossing MACD are showing same scenario
Whales could take some more
liquidity and push it once...
Last couple of days we had a possibility to see power from both - bulls and bears (blue circles). I've seen a lot of arguments if we are bullish or bearish and actually I feel that bitcoin is playing two games - one is bullish and another is bearish and that just thanks to moving in both channels. If we wouldn't have that push from down channel we could be sure -...
Today we could seen a pump which broke a trendline from my previous published idea.
Problem is that you can draw them many different ways.
Whales will always want to attract you to bad side and for me this movement up was just bull trap - atracting to bull side. And I just acumulated short position.
For now we just stay above the trendline and the more time we...
SP500 broke a trend line and now the retest is running on. In next few days I would expect movement back to default trendline which was set in march. I dont believe we can expect movement ''back to normal values''. Retesting supports would be the best what could happend and all this movement seems to be like a temporary bottom.
I tried to sketch the pattern...
Whole movement seems to be manipulated as I said in previous idea. I'm still out of position. MY setup for this will be waiting to break a channel then wait to retest back and i will enter a short position with nice RRR as follows
1st target the long support line
2nd target 0,5-0,618
3rd target 0,618-0,786
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Every uptrend means that we gonna break a channel and create a new one with steeper angle. We were breaking every resistance with low volume and whole move seems to be fake. This could potencially mean we are NOT in uptrend, just in a correction in a downtrend. Both uptrend or downtrend mean that we could expect move down.
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