panickyChile85473

panickyChile85473

Bitcoin is currently in a sideways channel which could be a very bullish sign in the mid-term. A nice consolidation around the previous ATH level would shake out weak hands and would provide us with a proper base for the moonrun later during the year. On immediate market structure: last week's point of control has been the level of 64k. If we get a pullback from...

panickyChile85473

We are several hours away from closing a very strong week on the Bitcoin market. Prices have returned to the "sell the news" levels, wiping away all the negative comments around the spot ETF launches on the US markets. Consensio trend following system is currently indicating a 8/9 position size, and confident investors may also consider the weekly chart as a 3/3...

panickyChile85473

More than 300 Million dollars worth of margin contracts have been opened on the CRYPTOCAP:BTC market during the weekend low-volume period. Daytraders are again taking up positions with insane leverage on a weekend market. Business as usual. Let's hope that most of these margin positions are shorts with high leverage and tight liquidation levels. I can not...

panickyChile85473

My intraday moving averages have flipped bearish. A retest of the daily POC with an upwards deviation of the StochRSI could provide a nice short scalp - targeting the previous high volume level as indicated with the grey box.

panickyChile85473

The consensio moving averages are indicating a short trend, and I see a clear liquidity cluster around 27.8k which could be a great target area. Using the closest upside liquidation cluster as an SL, the R:R could almost be 1:2

panickyChile85473 Updated 

These are the levels logical to be grabbed on the Bitcoin market by the Composite Man during the following weekend days.

panickyChile85473

At the level of $280 there is a gap, and that is also a serious liquidation cluster. These price levels tend to act as a magnet for price action. I see a clear chance of TSLA shares to reach $280.

panickyChile85473 Updated 

These are liquidation zones that contain significant liquidity for big players. My guess is that both directions will be squeezed within the coming days. What do you think?

panickyChile85473

The indicated wicks are signs of continuous liquidity tests performed by market makers. In Wyckoff's theory the market maker is continuously testing liquidity in consolidation phases of the market as trending moves may only happen following the path of least resistance. How long will demand persist just above 25200?

panickyChile85473

Here is a picture perfect short signal on the ALGO/USDT pair, based on hourly ATR(100) renko blocks. The bearish crosses happened in bearish territory both on the CP Renko Trader and the CP Renko Study indicators. SL already in entry.

panickyChile85473

My system is showing a swing long on the OMXSTO:XMR chart, there is however also a bearish divergence calling for caution.

panickyChile85473

My new renko scalp / swing system has printed a valid long on $TRX. This is experimental, purpose of publication is that we can track the signal openly

panickyChile85473

Bullish trend and momentum structure, hidden RSI divergence and a volatility squeeze... Swing timeframe looks promising for a leg up.

panickyChile85473

All the Bitcoin bulls would need to complete an AVWAP mean reversion to the 28-30k level is one more push through 25.5k. There is nothing above but thin air.

panickyChile85473

The Bollinger M-Top is basically a double top pattern, where the first top deviates from standard range and the second top stay inside. The pattern is usually confirmed by a divergence in the RSI - which is also present currently. Target is usually the lower deviation level of the Bollinger Band indicator.

panickyChile85473 Updated 

Price action with #EMA shadow on top, #RSI with EMA shadow on bottom. Peak visualization of #trend and #momentum on the market. Plus it looks pretty awesome - if you are into #charts. Blade Runner visuals :)

panickyChile85473

I see the same divergences on the weekly chart as during spring of 2021. Just the inverse of that. Then Bitcoin was topping, now it might be bottoming. What if this huge zone between 20k and 70k will evolve into a multi-year horizontal channel in Bitcoin's trading? Median would be somewhere around 36-38k, we will see.

panickyChile85473

We have seen multiple bullish MFI divergences during the previous 12 months on the SPX chart, and they usually resulted in upwards moves. Something like those seems to be cooking right now.