It's not clear if we are in a bitcoin distribution trading range as that first violent (AR) drop generated enough volume to imply as such. Here's some levels I'm looking at. As of now near term bias is bullish and my only concern is that futures data been overly bullish as well.
Here's my latest set of deep analysis. Went through extensive reviews of counts, rules, rules that justify broken rules and other awkward meme invalidations AND all possible "IF" or "MIGHT" or "COULD" or "POSSIBLE" hindsight scenarios and came up with this remarkable work.
Hope it clarifies any doubt were we heading.
Here's some extra food for thought.
Tekan-14 in 2014 is the equivalent to Kijun-50. Because each bear cycle time-price tend to slow down around 3.5x
Tenkan/Kijun lines represent calculation of 50% level (mean) of higher price v lower price over the period of the calculation. Call it a moving 50%-level average
OK we are hitting liquidity pool where all of us plebs made some nice donations towards the Mr Market Operator.
As such he is grateful for all those stop losses, liquidations, overloads, fomo, breakout at resistance and general pleb sentiment bullish AF.
He thank us all and he is ready bring us all to a trip into rekt lands as a gesture of gratitude.
Wow much coin! Coinbase announce much Doge support. Many Retail might run to get some doge which will proper another dip and get shaken into the 43 range demand zone. Nonetheless, it looks like this is legit Acc Range before the next breakout. Any level here or low is looking good RR to the much mewn.
If you are using tons of tools to identify supply/support and demand/resistances zones. STOP.
All you need is to apply this simple approach using past price action.
Switch to line chart on M, W and Daily timeframes and identify the Lower closes where price bounces. Map the zone to the left et voila.
All these zones are likely to represent...
Here's some short target for Litecoins. The volume upthrust at the local top was a strong sign of a reversal of the uptrend. Some short / demand targets are outlined as levels I will be looking to hit and see if there is any long opportunity there shall volume indicates as so.
Here's one of my favorite shitcoins because of the illusion of muh good fundamentals and we all are obviously in it for the technology. So here it is... interesting price levels zones for ZENBTC I am watching.
Hi ladies and gents. Outline above are the most significant levels for XRPBTC as of now. We should be paying attention to Daily and Weekly timeframes violation of these trends and place longs in either of those demand rectangles. Similar confluences are found on monthly supply and demand trendlines.
Bitcoin RENKO D ATR5 Important Prices, Channels and Volume levels.
Outlined block / lines represent ideal zones to go short at the 5.9k range and piramid long all outlined zones under 4.7.
If volume is particularly high in these ranges after the pullback, the stronger is the case for strong support and safer long position.
Hi there. Thought about putting out there my own TR analysis. Bitcoin is showing some strength signs but we all know that Honey Badger doesn't care about anything.
If price breaks under last LPS and remain closed under it. We continue inside the TR and heading to test ST zone. As of now it's building it's case for SOS (Signs of Strength).
Volume showing more...
Volume and momentum is suggesting a continuation of this xmas bull rally into next year. Price doesn't necessarily need to act according to the outlined waves which are based on support/resistances and hypothetical future uncertainly (with the asymmetric triangle).
Think that max it could go is really the 6-7k range where sell pressure exists (limit sell orders)...