Since the beginning of December we've seen every subsequent bounce create a lower high. However if we map this lower high to the previous corrective cycle's fibs, we can barely get over the 618 fib level for the past two cycles. This also creates an interesting descending triangle--a bearish pattern when the prevailing trend is down. So if we try to map our...
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Good evening everyone, Saw the market making a move and thought I'd share. Hope y'all enjoy my analysis. Cheers!
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Thanks for watching my analysis. Hope y'all enjoy. I'll post the rules for the next bull run below.
Good morning TView, Hope y'all liked my analysis. As you can tell that I still believe we're going to ultimately move down but the 5 wave structure may play out with a max target at $7000 as I've mentioned before. We have to see if our resistance turned supports will hold though. Given the nature of that artificially created move yesterday, I'd wait to see price...
Good evening TradingView friends! Thanks for watching my Bitcoin analysis and getting me to the front page yesterday. I hope to keep delivering good content to you that may be useful in augmenting your decisions regarding trading/investing in this space. At this present moment, I am of the opinion that the ProShares ETF decision on August 23rd will make it or...
Hello TView! You better pay attention to August 23rd for the BTC Proshares ETF decision. This will either waterfall the BTC price to the downside if it gets rejected or give it a nice bullish boost if it's approved. Max target on approval $7000-7400. Target to the downside if denied is $5500. This price tightening is perfectly timed and don't think it's a...
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Good morning folks, I'm sorry to sound so negative in my analysis. I forget sometimes that people have a lot of money and hopes pinned to this market. And they don't like hearing what the charts objectively say but rather they want to hear predictions and lambo calls. I'm sorry but I cannot do that. I want to be honest in this market so you can make money in the...
Good morning folks, With the August 31st CME end trade date looming, traders are probably wondering which side of the trade can they take to gain the most profit. I'd probably say it's much easier for the futures traders to go long and buy BTC to push the price up to meet their targets. Because big money can easily wreck these shorts and having them liquidate and...
Hello TView! Thanks for watching my analysis and getting me up as a top 10 author on my video yesterday. I hope to keep delivering unbiased and honest analysis to y'all. As always, I hope you enjoy my analysis and the work that I do. Cheers and give me a thumbs up or a comment if you like my work :) -Cryptosomniac
Hello folks! As noted the H&S pattern has been invalidated. This could be a good thing as the climb up for the right shoulder would have given more breathing room for the bears to further dump price in a slow bleed. We are not too far from the end of this particular $8500 to $X target. My opinion has been that it'll end at $5500, let's see. I hope you learn from...
Good morning TView, On the evening 4h chart I spot a evening shooting star pattern at a critical level where we last could not break past when creating a lower high. These patterns imply a trend reversal if the follow through is completed. However it was not met at a significant resistance level but a resistance level at that. So we'll see how it works out. On the...
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