BTC according to my T.A (which I have taken out) is showing strong warning signs to the downside. I have shorted BTC… along with my T.A the BTC Chart is forming a M Pattern (bearish Signs) however I’m not solely relying on this.
My prediction is that BTC will fall into the fibs golden pocket (23/24k) and we’ll have the 30%/40% correction we’ve been...
I HAVE TAKEN OUT THE T.A (As this is free Info)
However As the current Charts (BTC & Atls) are playing out, BTC will make a sharp move to around the 34K levels and small 10%-15% pull back and then and then shoot up to the 40k to where I will be shorting. shorting chance around 20 days time (35%/40% correction expected)
I will keep you updated...
BTC completed a massive (2 year long) W pattern, with lower highs and higher highs. This is a massive bullish sign ready for 2021. However in the intimidate future a pullback is expected we haven't had the big 30%/40% pullback yet. RSI also in extreme over brought area on he weekly chart.
My predictions: No lower than 14k/15k pullback, major support on the VPVR...
Vechain IS about to break out of its Cup and Handle formation. The handle is also in ascending triangle which is another bullish sign.
Buy the break out,
WARNING: This will be a successful trade unless BTC falls dramatically in value (manage the trade with stop loss - tight stop at around a 5% loss).
Anyone notice Wyckoff 's market cycle playing out in BTC right now. Richard's work was amazing and is always used when I'm looking for medium term trades and to see where we are in the market. Check out his work (Richard Wyckoff Theory of Accumulation and Distribution).
Accumulation - Smart money (Market makers) buying BTC
Markup - Dumb money (retail/average...
My prediction from a 1 month ago is still holding strong (i was a bit off though). Still believe there maybe a correction down to the 13.8k level (check previous chart from a month ago). Currently broke below the yellow trendline which in a bearish sign for the short term.
But If i goes up or down I win both ways as I'm currently in USD. it goes down I re-enter...
Bullish Scenario = Is BTC forming a W pattern currently. An up move to the upper trendline will confirm it and high probability to the upside is more likely (20.6k)
Bearish Scenario = Or is the BTC 4 hour chart forming a M pattern which is a bearish price pattern. it did however bounce on the lower trendline so keep and eye on it. if it revisits the lower trend...
This coin is my number two pick for the bull market. currently showing very bullish sighs (Cup & Handle). price will got lower:
(Dollar cost average in).
Once it breaks through the handle fill up your last bit of your VET bag and hold throughout the year ahead, you wont be disappointed.
My exit price prediction.... will let...
A bearish Peannant forming on the 1 hour chart.... possible shorting chance however I would never short in a bull market, if you are inexperienced then you shouldnt either.
Market Makers can always shoot the candles up... taking out all the shorts and then throw it down.
Bitcoin still holding strong to my prediction. It can either re-test sell zone or just fall off the yellow trend line.
- if it falls of the trend line then it will have a sharp fall, if it re-tests the sell zone then the a more gradual decline.
Orchid: OXT/USD on the 4 hour chart. Both the stochRSI crossed and the MACD about to cross, 24 hour volume $12 million.
Entry price: $0.254,
Stop Loss: $0.232,
Targets: $0.38, $0.42, $0.54 ,
Trade at your own risk!!!
The idea that a bull market goes straight up is a nonsensical one, the 2017 bull market had 6 large corrections averaging 35.3%. This is healthy for a bull run, the market needs to correct to gather strength for the next leg up. This should be looked at a positive not a negative.
- If you are a experienced trader then you should be out of your positions when the...
BTC is currently forming a 2 year long cup and handle formation, once we have a pull back to $13,000 levels this will be a confirmation. Re-load on your BTC bags because this is a very bullish sign. Once we surpass ATH its clear sky's ahead.
Embrace the pull back, it's exciting times!!!
BTC Price cycle shows a possible move up to test the Orange gate. You need to sell at this point ($18,350). It will then be a slow and gradual move down to £13,200 and a buy back Opportunity at the Green Gate (will take around 4 weeks). the move down from the peak will be around a 30% drop.
Let see how this one plays out!!!