handyrams8

handyrams8

I stopped myself out of my longs. Price was rejected at the 65k level and it now hovers below the 63.8k order block level. This level is a key resistance. If price cannot find its way back above the 63.8k level soon it will be confirmed as a rejection. Price target will be 43k. God bless you!

handyrams8

There is strong evidence to suggest the bull market will continue. I have not been feeling well lately so I will do my best to explain. 1. Price has bounced off the bottom moving average of the CT Pi Cycle top indicator. 2. Price has also bounced off the top MA trend line. This trend line is based on the top MA of the CT Pi Cycle Top indicator. This is quite...

handyrams8

This Wyckoff topping/distribution pattern seems to be playing out. If it continues to play out I will ladder shorts until the 43k target gets hit. 43k is a key order block level. 50k may hold, but it's not likely due to everyone calling it the low.

handyrams8

68-70k will be the area I begin to ladder shorts. BTC is looking very head and shoulder/Wyckoff topping action. God bless you -Handy

handyrams8

I took a small loss on my short position and flipped long for a short term bounce. I will be targeting 68-70k. I am still medium term bearish (1 month) and very long term bullish. God bless you and happy Sabbath to those who observe.

handyrams8

Current price action is similar to the 2021 topping action. This could be the first halving event where Bitcoin puts in an early cycle top. This projection is purely hypothetical and I hope I am wrong. However, it is important to understand any type of scenario and how you would trade it. Be blessed! Handy

handyrams8

I decided to make my short target at around 50.8k, and that is where I start laddering longs. *50k area is confluent with the 0.286 Fibonacci area. *50.8k is confluent with a bullish order block on the daily timeframe. If Bitcoin is to remain bullish, it needs to close and remain above this 50k area. If BTC grinds lower than 50k and closes lower, it could...

handyrams8

I'm posting this chart to show the trend is broken.

handyrams8

The uptrend is broken. The price is no longer putting in higher lows. Therefore, I took small profit on my long from yesterday, and I started laddering shorts today. My take profit for shorts will be the weekly Bollinger band mid-line moving average at around 52k for now. God bless! -Handy

handyrams8

My long got stopped out at 65k. I re-entered my long at 66k due to price action continuing to put it higher highs and higher lows. Notice all the hate everytime I lose a trade. But no one cares whenever I win. 76k target. 61k SL. God bless you

handyrams8

There is no reason for me to be bearish as long as price bounces off and holds above this Bollinger Band basis line support. I remain long. 76k target 54k SL

handyrams8

If 72k resistance breaks to the upside then 76k will be my level to take profit on my long trade. My SL is still at 65k for now. If 72k breaks to the upside, I trail my SL up to slightly above my entry. This way it becomes a win/win. God bless you -Handy

handyrams8

I'm longing the bounce off 68k. Target 75-76k. 65k SL. God bless

handyrams8

My long stoploss got hit @68.7k. I will continue to wait for more confirmation of a downtrend before I take a short trade. So far, a lower low is put in at that 68.5k level.

handyrams8

Recently, I removed myself from a forum here because of the toxic atmosphere. This is not to say that my own behavior wasn't slightly toxic, but more reactionary to the toxicity that was already there. This begs the question: what kind of toxicity are we talking about here? Generally speaking, bitcoin and crypto maxis are the toxic ones at market tops. On the...

handyrams8

I'm calling it a breakout. I went long from 67.9k. 75k target.

handyrams8

For those who missed the news, I closed my previous short in small profits due to price action not performing the way I wanted. Therefore, I plan to short the key resistance level of 75k. Currently, the green moving average of the CT Reverse Pi Cycle indicator is close to 75k. My suspicion is price will retest the MA which will create a cascade of selling at...

handyrams8

The 0.618 fib level sits right at 68.6k where I plan to enter short and I expect some resistance to take place. My short target will be 43k. Another reason for me to take this short was stated in my previous DXY analysis where the DXY is putting in bullish price action (which can lead to bearish price action in bitcoin). I hope this analysis finds you having a...