Nutty_Trader

Nutty_Trader

The charts right now look almost identical to the march 2020 crash. We had a drop of 55% from the high. Followed by a run up and then a golden cross. Crypto markets per usual are heavily manipulated. Honestly wouldnt be surprised to see a repeat of march. If we did see something similar we could see a quick drop to 19k. Thank you for viewing my post!

Nutty_Trader

When flipping the Bitcoin chart you can see a continuation pattern has formed. I would expect a breakout within the next couple of hours. If we use a measured move we can expect a 40K target. There have been quite a few false breakouts of this pattern so far, so make sure you have confirmations prior to entering a position. Thank you for viewing my post!

Nutty_Trader

Bitcoin showing a pretty clear head and shoulders pattern. We had an initial break of the neckline before we rallied back above. We have now had another break below the neckline with great volume. We could retest the neckline around 44k before heading back down. A measured move would take us to 34.5k. Thank you for viewing my post!

Nutty_Trader

Sometimes it helps to take a look at BTC from a larger time frame. The day-to-day up and downs can really cause you to lose focus of the overall picture. This would be my best guess of what is to come in the upcoming months. For now I think we head lower to the 33.5k area. Ultimately I think that we will reach an all time high around 87-88k sometime in early 2022....

Nutty_Trader

The resemblence of the this pattern and the May 2021 pattern are too close ignore at this point. We could see a mini push to 44.5k area before we continue to the downside. In May we reached the 1.786 fib extension and this time will be no different. Especially because the 1.786 fib extension in this case also aligns with an area of major support. I know that many...

Nutty_Trader

If we continue to play out exactly as the May pattern (which we have so far). Then I'd expect Bitcoin to bounce between 42-45k the next day or two, before we continue further to the downside. Ultimately I feel we will retest the 28.5-30.5k range. Don't fall for any traps. If thinking about entering a short position: 44-45k would be a great entry. Not financial...

Nutty_Trader

When flipping the BTC chart upside down you can see that there is a clear cup and handle pattern. There was great volume for the breakout of the neckline. Then BTC is now re-testing the neckline. Unless the 47200 range is broken with volume confirmation then I can see BTC falling to 45,550. Thank you for viewing my post.

Nutty_Trader

Following a drop BTC has formed a symmetrical triangle on the 30M time frame. This is usually a continuation pattern and not usually a reversal pattern. I'd expect a drop to the 46.5-46.7 range.

Nutty_Trader

This line of resitance has held up for 10 years. I wouldnt expect to see it be broken now. Given all that is going on in the world along with the Evergrande situation.... I think it's safe to say we've reached the top.

Nutty_Trader

Evergrande is a major Chinese real estate developer, who through leveraged properties and issuing US denominated junk bonds, built up a real estate empire making it the second biggest in the country. Due to the pandemic many of their tourist properties suffered a hit. They've now managed to rack up $300 billion in debt. They've just announced that they wont be...

Nutty_Trader

Look at the fib levels and bitcoin is playing out exactly as it did in may. There aren't any bearish indicators that are popping out at the monment but, the only way to invalidate this pattern at this time would be a CLEAR break above $48,500. I can't see that happening but you never know. If the next breakdown is similar to May then we can expect the 32-33.5k...

Nutty_Trader

Rising wedge pattern formed on 15M chart id expect a break down out of this pattern

Nutty_Trader

4H Bearish Divergence formed. Could be a trap and everyone else is probable seeing an inverted head and shoulders pattern. Market dumps are common on sundays. Would expect a pullback here. Thank you for viewing my post! Not financial advice.

Nutty_Trader

Bearish divergence has formed 1H chart. Could be a trap as the rest of the chart looks pretty nice. Id expect a pullback to .78 - .82 range. Thank you for viewing my post! Not financial advice.

Nutty_Trader

If Bitcoin continues to follow the same pattern that played out in May, then this would most likely be the path it takes. To invalidate the May pattern BTC would need to break above $48,500. The $37,000-$39,000 range would be a good entry for anyone looking to make a swing trade back to the $45,000 - $47,000 range. Ultimately we should expect to retest the...

Nutty_Trader

Bitcoin has been following the same pattern as May...just sped up. I expect a bounce to the 48-49k range and then down.

Nutty_Trader

Looks to be forming bearish divergence, along with stuggling to break above key resistance.

Nutty_Trader

Looks like cosmos is ready to begin its 5th wave. I expect to see Cosmos near $90 in the upcoming months.