cryptoaddictkoh

cryptoaddictkoh

BTC price action pumping over the entire weekend breaking above 34K and now into 38.5K. My past idea was to short around 32.8K, with SL of 33-34K. Since May 19 we have been waiting for a possible Dead Cat Bounce with BTC and this may be it. Looking at the sharp spike in BTC price this past Sunday indicates it is from whales squeezing most of the short positions...

cryptoaddictkoh

Looking at BTC under 1H. We see we are still in the downward trend now looking more like downward wedge since May 19. We are nearly at the top of this main wedge with room for a spike to near 33K level and since we have much resistance, we can expect for BTC to come down further in price by end of week as the wedge gets more and more narrow. The highs and lows...

cryptoaddictkoh

Following up on the BTC 1H chart - we can see BTC price falling steadily within the overall downtrend since May 19. We now see BTC falling in a downward trend within the overall BTC downtrend. BTC has been trying to make its' move to break above 35K but resistance is too great and with no real volume, BTC cannot pass the 35K for a real run up into the 40, 50, even...

cryptoaddictkoh

Following up on last shared idea: BTC 1H chart - we were at the tip of the small wedge. Previous chart indicated it can either break above mini wedge as well as above main wedge and hit around 35K level where it would be sent back down inside the main wedge, or other option was for BTC to drop down within the wedge - we see now that option A was taken and now BTC...

cryptoaddictkoh

BTC 1H update shows we are at the top part of the overall declining trend for BTC since May 19. BTC is seen in a micro downtrend within the macro downtrend, but is presently also in a mini upward wedge. We are at a very complex scenario presently. Many resistances and supports are in play. Two scenarios can play out from here: 1. IF BTC will break out above...

cryptoaddictkoh

Following up on my last couple of shared ideas, as I indicated the two wedges inside this present downward trend for BTC (please check my profile and read up on the last 3-4 ideas I have shared regarding the wedge we just got out of so you can catch up to date). As mentioned in my previous idea to SHORT, we see now that SHORT out of the wedge was the right call...

cryptoaddictkoh

BTC 1H - Since May 19, we see BTC overall is in a downtrend. Within this downtrend we see two big wedge formations. The first wedge ended up with a slight dip below of 5% then back into the wedge for an uptrend of about 20% from the bottom of the 5% dip, then from the tip of the 20% we see a massive drop of about 31%. Can we be expecting somewhat of the same for...

cryptoaddictkoh

FOLLOWING up on my previous two ideas for this present BTC 1H chart. I indicated two days ago of this present triangle/ wedge that is formed. It is still following course. We see since May 19 the downward trend pattern. I have indicated the highs and lows since May 19. We saw high of near 42K and low around 28K. If you look at the present wedge we are in, we have...

cryptoaddictkoh

BTC 1H Price Ranges for the next two days leading up to the weekend near to the end of the wedge. Good Luck.

cryptoaddictkoh

We see BTC got rejected by green supporting line and is now in the middle of the wedge. You can see the highs and lows of the present wedge. BTC is making zig zag within the wedge and can possibly zig zag until the end where BTC will have to either go up or down. Using TA, logic, news, common sense, you can make an educated decision which way BTC will ultimately...

cryptoaddictkoh

Hi everyone. We can see under the BTC 1H chart a rising wedge formation within an overall downward trend for BTC since May 19 (day of the dip). We also see since May 19 the highs. Nothing passing 42K with many highs under 40K with lows of 30K-28K. So our range over the past weeks since May 19 have been from 28K - 42K. We are presently around 33,8K and looking...

cryptoaddictkoh

BTC 1H chart showing a possible wedge formation. Could see also a small wedge formation inside a bigger one but for now, work with the small one until price dips below small wedge into bigger wedge. Keep in mind overall the big picture, we are still in a downward trend. Proceed with caution for today and tomorrow, extreme volatility. Could go either way. Watch...

cryptoaddictkoh

Hi everyone. This is the BTC 1H Cup And Handle Pattern formation. We can see a cup and handle pattern formed in the 1H chart. We can also see this under the 15min and 30min as well (even more defined). If you google search Cup and Handle Chart Pattern for stocks, you will see that this cup and handle pattern will eventually lead to a LONG position as the handle...

cryptoaddictkoh

We can see the downtrend for BTC 15min chart is respecting the ranges of support & resistance nicely. Can expect BTC to keep this downtrend into around 28K - 27K over the weekend. TP accordingly. Not Financial Advice. Good Luck.

cryptoaddictkoh

Zooming out we see BTC under 1D chart. Trend is downslope. We can see two 'W' formations since the May 19 dip and a third 'W' is looking to be formed if the trend continues on its present path of downward. This is a slow bleeding of BTC and can play out this way for another couple of months, if we don't first see a sudden huge drop in price. But for now looking...

cryptoaddictkoh

BTC 4HR showing downtrend - with the 'W' patterns, you can see starting from May 19 with the big dip, we are now at the last tip of a second 'W' formation. We just saw the tip hitting around 36.5K and now is going back down, so this can either be a small downward retracement or a major one. If small retracement, then it will bounce back up and could hit 37k...

cryptoaddictkoh

BITBAY:BTCUSDT This is the BTC 1D chart - downtrend pattern. We also see the Death Cross playing out with a wide separation between 50 & 200 MA. Looking like a slow bleed for BTC down into 15-20K levels (if previous history will repeat itself). For the past 9 days, BTC candle has not been able to close above 34,700 level. If it does, a mini break out may...

cryptoaddictkoh

Hi everyone. This will be the first published idea from me and I do hope it is helpful for you all. This is a 4HR BTC chart. The trend is downslope. Within downslopes or upslopes you have mini bulls or bearish activities. We see from the chart that since the big dip May 19, we have had lower highs and a higher high. We have had higher lows as well as lower lows....