theprofitstation

theprofitstation

#BTC UPDATE 1 : In 1W TF already awared this The Profit Station Family Wyckoff's market cycle, I have been seeing people saying around 19000 to 20000 since this was the previous high from 2017 right this could be actual bottoming area for bitcoin and we could be slowly starting new phase but if you look in example right side so far playing out very accurately...

theprofitstation

#BTC UPDATE 3 : In 4H TF smaller Time Frame broadening wedge and breakout going and according to this broadening wedge our target is 22000 to 22400. But we have to be very careful because 21300 to 21700 we have bearish order block + daily resistance. Undoubtedly this is bullish move, but we need to be mindful that we have a bearish order block + daily level...

theprofitstation

#BTC UPDATE 2 : In 1D TF yesterday discussed in our Updates about this falling wedge, Exactly as predicted some sort of relief rally towards the CPR line because these CPR lines is V-CPR , V-CPR Usually attracts the price because the price had not touched CPR lines. And if the price of Bitcoin wants an actual bullish break out here than we have to overcome this...

theprofitstation

#BTC UPDATE 2 : In 4H TF its falling wedge & falling wedge is usually bullish continuation pattern according to bullish continuation pattern if the price of Bitcoin manages to break the resistance which we have from upper line of wedge then trend could be showing some relief rally towards the bottom CPR line before choosing trend direction because already updated...

theprofitstation

#BTC UPDATE 1 : In 1D TF already awared The Profit Station Family Members CPR indicator or pivot lines are leading indicator and it gives us information before hand in our case the price of Bitcoin choosing trend direction without touching any CPR line we have to be very careful because in most of cases (95%) the price of Bitcoin gets gravitated towards any of...

theprofitstation

#BTC UPDATE 5 : In 1W TF already awared about STOCH RSI whenever Stoch RSI crossover, Orange line crossing above blue line after that price has started reversal each and every time STOCH RSI flashed bearish signal the price of Bitcoin also started showing creative movement so be careful because STOCH RSI is flashing bearish crossover.

theprofitstation

#BTC UPDATE 4 : In 4H TF already awared this ascending channel or bearflag, In Past marked in Chart after support broken the price trying to re-enter inside rising channel so called vear flag and again a pullback and now very similar scenario as past we already broken the support and rising channel or bearflag and try to above Channel but get rejection just like...

theprofitstation

#BTC UPDATE 3 : In 1D TF Already Awared about this right angled broadening wedge and we know lower line area around 19000 is where we could be gravitated before price choose direction but we know if this 19000 support broken then the price of Bitcoin could be starting downward direction. But for that Minor support also around 19500 to 19600 if broken then we have...

theprofitstation

#BTC UPDATE 2 : In 1D TF already aware about CPR Indicator, The Price of bitcoin is still below CPR lines and these CPR lines are very very important lines of resistance so we have given update if the price of Bitcoin wants to show an actual movement upside first we have to overcome the upcycle between 20800 to 22000 range only after flipping that radiations into...

theprofitstation

#BTC UPDATE 1 : In 1W TF nothing much has changed from previous update the price of Bitcoin is still hovering between 19000 to 20000 range and we definitely want to find out whether the 19000 support is going to hold but if this 19000 support in daily and ultimate weekly broken then we should be preparing for the worst case scenario yes The Profit Station Family...

theprofitstation

#BTC UPDATE 5 : In 1D TF symmetrical traingle scenario upper lines always rejected if price hitting CPR lines than we are aware uppper line of symmetrical traingle must also broken around 22000 so even we have impulsive movement in short term than please wait for the price to breakout resistance line before taking any trade but if we are going to get rejection...

theprofitstation

#BTC UPDATE 1 : In 1D TF According to September CPR now we have new price target for bitcoin because CPR lines are leading lines i mean leading indicator also called pivot point actually makes a lot of sense so since the price of Bitcoin is clearly below CPR lines top CPR line, Bottom CPR line and Top CPR line, For short term price can show some range bound and...

theprofitstation

#BTC UPDATE 6 : In 1H TF simply add symmetrical triangle and according to symmetrical triangle it could be bullish and it could be bearish but for Bullishh breakout we have to broke resistance around 20500 and flip into support then continue towards 22000 area but if we fail upper line of symmetrical traingle then show another retracement towards lower line then...

theprofitstation

#BTC UPDATE 5 : In 4H TF Smaller Time Frame bear flag, each and every time bearflag the price of Bitcoin has failed to find support at lower line area from ascending channel bear flag the price has started in the corrective movement now we also found ascending channel whether the lower line acting as support but we know if this lower line support is going to...

theprofitstation

#BTC UPDATE 4 : In 1D TF we already discussed this rising wedge which played out perfectly but one thing still playing out is this dead cat bounce scenario According to dead cat bounce scenario in daily TF after 50% retracement rejected that then price continuation to downside so if this continuation continue then according to dead cat bounce scenario you can...

theprofitstation

#BTC UPDATE 3 : In 1D TF Right angled broadening wedge perfectly according to this if we fails to show impulsive movement around 19000 then this could trigger another warning sign and trend continues in the downward direction.

theprofitstation

#BTC UPDATE 2 : In 1W TF very very interesting scenario or can say big warning sign is flashed i mean whenever stoch rsi the orange line crossing above blue line and also stoch rsi side around overbought area after that price of Bitcoin corrective movement in weekly TF. If you will look in chart will be very clear nowsl stoch rsi is already a bearish stoch rsi...

theprofitstation

#BTC UPDATE 1 : In 1W TF combining Wyckoff's Distribution Phase a big warning sign being flashed right now we are finding self is Phase E according to Phase E definition as shown in chart also by this link () this is playing very very accurate, So we have to be extremely careful because the area we are right now is Phase E and usually in Phase E after some...