bitcoin is trapped under some strong resistive forces giving us the probability for the return to support in the channel, which continues to trend lower. It will meet support zones at on the way down and if we can set a higher low trend we will look for a breakout on the upside, otherwise we are on this bulls back for the ride, and riding bulls can be dangerous...
potential 80k move when we test resistance of a bullish pennant and flag pole on the btc chart. Currently we are running into the order book filling anything below 59k showing us the confidence isnt shaken in the bull run, We will have to be careful not to put ourselves in a position where we get stuck in a losing position, Currently I am Long, active trade ...
the BTC Bull Market was above sustainable growth and has been outpacing trend analysis with the past quarter of non corrective price increase The bull market channel's current low support is 38k, the current low support is 40 - 42k, there is always a chance for lower lows, without a higher higher that is exactly what we will look to to determine where the...
it looks like btc will consolidate coming into the halving, we maintain the bullish market in the low 40s however I foresee a red iwave and im not talking about november m working on this , more to come
Looking at Timeframes of Prev Market Cycles we seem to following the old adage "Fred Savage" , You may have thought I was going to say something about History Repeating itself based on the almost mirror image of Market Cycles, but When I said "Savage" , I'm starting to hear the screams and see the carnage. I've been trying to figure out why upon that weekly...
we slipped the channel and BITSTAMP:BTCUSD likely will find support in the defined area
As much as some of these predictive tools are speculative, we have to remember we hedge speculation with speculation in an effort to remove speculation. Basically, we cannot, I have to stress this for my own sanity, We cannot trade blind. I'm not a professional and I try to do my due diligence when analyzing price movement and trying to establish my own...
5th Leg extension, on the escalator ..... going up BITSTAMP:BTCUSD
it is already too easy to lost money without gambling, If we fail to plan and fomo buy we can hit a trade, but eventually losses will stack up. Here we will be working on planning an entry to take advantage of the 5th wave extension and also plan our exit As it stands , 62k on sundays close will be our current target but lets do some Ta and figure out...
we will look for support to pick an entry, we can use the order bool but the tolerances must be tight and its better to take small positions and stagger them than a single large postion, Stop loss is a must
WE have what I believe is a clear foundation of support and a break in downtrend. What I believe is we are beginning the 5th Leg movement I have been posting and formulating a plan on a successful angle of attack the 5th leg also may be what I believe will be the last ATH this cycle and maybe a very fast moving trend. I am Long and in active trade
We are still very much following the plan, btc is at the bottom of the current trend channel and also within the liquidity zone of the previous ATH as you can see it is in this zone from the previous ath that we are currently operating in and it has historically provided alot of resistance at this price point. If you are looking for an entry to...
Currently bitcoin is stewing while cooling down, getting ready for what may be the 5th and final impulse wave, resulting in what possibly could result in a corrective wave that could drop us out of the channel and result pushing us potentially into the low 50s or high 40s
We will cool down on a slow movement finding support potentially at the 618, look for lower zones if support doesn't hold, will rebound once support is obtained and continue inside the defined channel which I believe will keep us from going below the 618. Getting my position for long at the 618 set up for some panic wicks on the candles at 58000 58,500 59000...
Currently BTC has passed the .786 Watch for it to test this level again before we jump up again , this ATH is going to catch some people sleeping. The High will be in on this cycle while bears will come in and feed on Bulls fomo until every investor hopeful for the elusive million dollar bitcoin gets slaughtered Until then. Hold on. We may have our top...
Looking at BTC, we may see 102076 around the first week of may. Things I expect, we will hit this target and then price will drop to around 69k where it may even briefly reach into the low 50's even high 40's and quickly rebound to once again charge quickly back towards 100k This is alot of speculation, but its really starting to feel familiar, the old ATH...
these crosses indicate a cooldown, we will try and find support at 69 and should be able to jump up once we can cool down
BTC just hit a new ATH at 74000 before collapsing in what is a classic whale move to push weak hands out of the game, BTC being bought up at what will be considered wholesale backdoor prices before we quickly see the sell off evaporate and head into higher highs potentially going as far as 80k, This is going to go fast and hard and leave alot of ppl second...