About meRunning MM, I am author, educator, and Mentor. My new Wave Theory and technique "JP SPECTRUM", JP Reversal and Gravity Points are the most powerful trading methods on the market. english websites https://poniat.com and polska strona https://pl.poniat.com
I just remove my indicator to proved to you that you can trade only with “Price Action”, effective SR and Trend Lines.
Next Support will be 34000$ if the price pass trough this level, then possible we will see continues drop of the price.
34000$ previously shows strong support for the price but we will see what price will do. Next support is on...
After price drop around 2000$ then back up same distance.
Right now, price struggle to pass 38000$, but we have 1 hours to close candlestick.
Resistance set just above 3800$ - 38397.8$.
Momentum currently is not stronger enough to pass resistance levels.
Channels was broken to the upper side.
There is TL protecting us against possibility of...
As we predicted, the price dropped like Thunderstorm by $ 13,000. That was incredible.
It was worth waiting for this decline and if you knew where to open a short position you just make lot of money.
Right now, price is struggling at the $ 36,000 level almost two hours to close the candle. Our limit of the swing limit is $ 31,410. Two hours remain...
Latest “news” from Musk makes price bounce bask to 46000$. Bitcoin is extremely sensitive to rumors.
Do not pay attention to that just do you Technical Analysis. You known how to do TA, right??
If look on H1 chart you will see at which point price will change directions.
Now price is dropping along with strong momentum. Price must pass strong...
Price remain on strong S/R level 48000$. If the price smash that S/R level, then we should see price further dropping.
To the upside we have TL. That if the price decided to go higher then breaking that line will indicating rise of the price, but significant size.
On the previous analysis I had mark upper limit of swings 59124.4, that level was not...
Now we have 50% of the 50% correction. As you can see perfect signal shows up for rising trend.
I am sorry I did not publish signals to open position but that was conditions which i publish in the passed analysis.
Just beautiful Momentum candle shows up length of 2800USD.
Price break though TL2 shows up rising momentum and TL was broken by JP Spectrum those are...
Right now, price moving sideways around 50% of the previous swing. We will wait for price.
TL1 is support and TL2 is resistance. When price break through any of this TL then we should get signal to open position but be careful some conditions apply.
Momentum right now is neutral conditions, waiting for mentum candle.
Price stop 1015$ from our upper target, and now slide down.
As usual price creates long black candlestick which is our grey rectangle. Quite common formation on Bitcoin.
By now you know how to use this formation. Momentum is very strong in down move.
Be careful this is very dangerous situation, respect boundary of grey rectangle.
First support is...
This is interesting situation on Bitcoin. Price is trap in triangle pattern. The limit of last swing should be 57,291.7.
Momentum is very weak an any price move is limited. Momentum stop on resistance level and now is even more weak. US dollar getting stronger than we should see Bitcoin weakening more.
TL2 hold the price and TL1 is even stronger,...
My apology for difficult situation with my analysis. One of moderators block all my analysis.
I had published one after trade was taking and worn everybody to close position but was block, only few people manage access that analysis. Again, once again my apology.
Price break through upper side of triangle and stop on resistance 54794.
Price fail to break over 38405 and drop bellow 3800. Previous candle was Doji. Let’s wait and see if price will break up again, if not then wait for price to break TL1.
Watch for momentum to go above NZ. This should be clear.
This will be second attack for 38405 level.
But at this point we have to wait for clear signal.
We had waiting for many hours to activate position.
Now is active. Let’s see what will happen. Keep in mind that we have to monitor this position.
ATTENTION: open position with this analysis it is on your own risk.
Another rectangle shows up. Price raised on last swing up to 50% and then start sliding down.
If the price break through the rectangle either up or down and candle will close then this become signal to open position. From the top we have resistance on 35000 and support on 34000. We have 1000USD range. One more confirmation to break up is TL2 trend...
Gray rectangle keep price within large green candle.
If price will breakup then candle should close above that rectangle, if price break down then again candle should close bellow that.
Price reach upper line of channel. We should watch what will price do.
Two black candles close above 50% of long candle then price may go even higher.
Price reached level of 31145. I expect we should have short correction. This will be opportunity to wait for the signal to trade. Momentum reach upper reversal zone, then this will be the signal for correction or short trade.
Let’s wait and see what will price do .
We have nice ride almost 3000USD!
After correction now price slowly rising again.
Some of us that have a nerve to hold on to open position we have potentially more profit in our packet.
There is potential resistance at 27573.
If price will break that resistance we can expect price rising even higher.
We secure drop of the price by TL5.
Then now we...
We have fourth swing! Now we will wait for small correction and then we should have swing that will break TL4. Resistance Level on 25000 and support 24000.
If the price break trough 25000 then (candle will closed above that resistance level, we may open long position. Momentum become very strong.
Remain one hour to closed current candle. Let’s...