Since we have had a significant period of sustained pump without any pattern formations since we broke out of the descending channel (see last post) it is likely that bitcoin will settle into a pattern around the point of control on the vpvr. We had a volume-trapped range previously which can repeat itself again here, providing a good opportunity to trade the...
Bitcoin has broken up out of this descending channel and pumped over 4%. In my last post I said that I would be longing bitcoin if it broke out of this channel to the upside, and now we are up 40% (using 10x leverage)! This is the situation I saw as most likely since bitcoin had rallied above 40k recently and there is just general bullish momentum right now. It...
These are the 3 different situations I can see playing out for bitcoin in the next 24 hours. Now that we have broken below the support of the ascending channel (see linked post) we have formed a descending channel. I tend to approach these descending channels bullishly especially now that bitcoin has seen a rally above 40k again. So if we do see a confirmed...
Congratulations to all my amazing followers who took this short with me, now we are up 60% from when I said to take this short after Bitcoin broke down from this ascending wedge. Check my linked idea for proof of this prediction.
The bitcoin short I advised is in great profit now if using leverage (26% on 10x). After breaking down below the support level we dumped nicely. On lower timeframes there were multiple swing opportunities to enter if you missed the initial breaking of the support level.
In my last post I pointed out that bitcoin was in an ascending channel, bouncing between support and resistance. We have now broken down below the support level and looking to dump even lower. I have already scalped a small short position from the break below the support line. With some more volume support this could dump quite a bit more.
What was an ascending wedge yesterday has now formed an ascending channel. This provides clear boundaries to place longs and shorts. If we break down below this support line it will be a great opportunity to open a short. However, if we see a volume-supported bounce here I will be going long. Hope you guys are doing well and happy trading :)
This Bitcoin breakout has taken us into an ascending wedge which is producing higher highs and higher lows. A break up from here would put the bull run back on track nicely.
Check the linked post, I said this is the perfect time to long bitcoin at a low. Since my post we have pumped a massive 9%!!
It appears Bitcoin may be at the low of a rounding bottom pattern which may evolve into a cup and handle and breakout. If this unfolds, it would confirm the bull cycle continuation in my mind and prove that this cycle is going to be a repeat of 2013 with a double pump.
Please see my last post for context. Basically I drew these paths in based on either a 100 day moving average bounce or cross down and also a squeeze release for BTCUSD on Bybit. Turns out both scenarios played out.
There is an elongated squeeze period on the BTCUSD chart as indicated by the squeeze momentum indicator. The 100 period moving average is also creeping but up towards the price level. There are two possible scenarios I see playing out here. We either bounce off the moving average and have a continuation of this pump, causing a squeeze release and taking us above...
This massive positive volatility on BTCUSD was nicely predicted by the squeeze momentum indicator. This gave a signal before most of the pump occurred and provided an early opportunity to enter and take a nice profit from this. Always pays to be on the lookout for these things. Squeeze momentum indicator is one of my personal favourites simply because it captures...
This BTCUSD formation shows a bull flag that broke out and is now forming a rising wedge. Volume has been consistently decreasing and it looks like the bullish energy may correct back down short term. These are only 30min candles so this is not invalidating larger bullish trends.
Bitcoin is forming a Wyckoff distribution pattern that could see lower price levels in the short-medium term.
This is a possible trend reversal pattern for BTCUSD, and it could see the price soar higher in coming weeks if the new bullish momentum continues.
Since I made my post 30 minutes ago bitcoin is already looking more bullish, and has pumped 2.3% in this short time. DM me for access to more of my signals!! And congrats to everyone following along with my trades!
Bitcoin is bouncing off a volume and structural level of support, and we're also seeing a buy signal on William's fractal.