Such an obvious trade, how can you be this stupid to short here.
Blatantly obvious cup and handle opportunity, sure it can be invalidated but the risk to reward here is too high to pass up.
Ripping a fat juicy trade here, not financial advice.
Most of the text for this is in the photo.
Falling broadening wedge is engaged,
and if we turn around here it will be an inverse head and shoulders (also bullish)
Follow for more ideas! Don't go all in like me.
This is an update to my previous idea.
Where is the bear market bottom?
You tell me.
We don't know where the top will be, if the top has happened, or if the top will happen, but we can take a look at this global support line to find the possible bottom for bitcoin.
From looking at this, it becomes pretty clear that the 22-41k range is a good place to start DCA'ing.
There are two ways you can look at this past week.
A.) Paranoid bias for the bull case: "This was the last leverage shakeout before 100k"
B.) Paranoid bias for the bear case:
- We broke under the EMA ribbons, bull market support band, and had a bearish MACD cross on the 1W chart
- This is just a dead cat bounce.
This is just a thought, please note the phase B does not fit too perfectly in the schematic on this example. I would say this is a weak chance of being the actual future scenario but it is at least relevant enough to hypothesize.
Looks pretty straight forward.
Notice how on the smaller time hoizon (right fib) we see the price run right into the 1.168 levels. The next tier after that (2.168) on the small timeframe somewhat coincides with the 1.168 on the higher timeframe which is approximately $6000 - 6,200. I will be exiting my positions and shorting at these levels.
My previous post " dero will melt faces " was a little too hasty and I missed this pattern in the charts.
We are approaching what I comically call a "gigapump."
Dero is a privacy Layer 1 Smart chain that is going to absolutely take over the Dex/Swap industry. It has legal and illegal use-cases that are infinite.
The current outlook is super bullish with the...
A new trend line has shown itself after forming for the last few weeks.
First, we hit this zone as a resistance level and broke down.
Second, we entered a discovery period where we tested to see if it would break as the resistance which it did.
Here, we are testing it as a support and simultaneously creating a symmetrical triangle. (bullish sign)