History tends to repeat itself. we can see a previous move which happened from may 2nd to may 8th before a continuation of the bull market.
This is playing itself out now
so, we can expect another drop to 7,200 before a steady incline, surpassing 10k to 13K which is where the media will go apeshit.
Here is the move which was copied
As we can see, history tends to repeat itself.
I have taken a move from the bullrun of 2017 which can be seen here:
now, if we apply this into markets' current price we can see we have a bullish pennant forming.
This shows a consolidation period before another bull run.
The previous move is almost an exact...
As can be seen in the graph above, the Japanese candles rose above the Ichimoku clouds, What Does the Ichimoku Cloud Tell You? The overall trend is up when the price is above the cloud. The last time it happened was somewhere in August 2018
The second important points are that the price goes above the Moving Average 100
(There will be no serious increase as long...
Simply put, price can never go straight up, it MUST retrace before a continuation as it provides liquidity.
Bull markets are built on bear blood.
with this being said, we can see that on the weekly time frame BTC has been losing bullish momentum, signified by the doji candle - representing indecision in the market.
I have marked two possible buy zones,
My wife is cheating on me... she still uses real money instead of BTC ;p
Now we are going to cut the crap and explain this trade in proper English so everyone can understand.... price has used a strong support zone ( red box ) and is on its way up to our resistance zone ( green box )
See how simple that was? even my pet dog understood it and is now currently on...
Bitcoin is showing some bearish momentum with potential to move down to $7128. If price does move to this price point, we may see price even trade lower after a retracement.
SL - 8118.16
TP 1- 7128.57
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More of a record of proof for my friends than an idea share but here it is my call for BTC.
I have learnt alot since entering crypto at the top of the bull market and then trying to catch the bottom, I was new to trading after all.
But now my T.A is purely based on major trend analysis, no external bull crap, no getting thrown off by miniature trends rather the...
Oh well what she doesn't know is I was sleeping with her sister... so the joke is on her really ;p
Anyway enough of my love life lets crack on with the trade.
As we can see BTC has been respecting a lovely trend line on this 4H timeframe and we are looking at it continue to do so in bullish manor up to our 10k target... And when we reach it you can all buy me a...
Wow look at this chart it is so easy to spot setups... this is the only strategy you will ever need and you will make £1million in just over 2 weeks, so carry on reading!!
All the above is B#llshit if you hadn't guessed already! but this is the type of rubbish so called forex pros will tell a newbie to the markets just to sell his services and believe it or not...
Linear regression is showing strong downward pressure after the prior bull movement. Aligning with the previous closure of the weekly bullish candle price has lost upwards momentum and the final formations of a head and shoulders pattern can be seen playing out with the downward drop about to happen within the next few days. Expecting lots of wick volatility and...
As you can see, BTC has gained a lot of selling pressure over the last few days. Perhaps due to bigger participants taking profits after we hit the psychological number of 9,000.
The ADX shows buyers are starting to gain dominance, indicated by the red line crossing the green line. And volatility is starting to pick up.
Furthermore, i have taken a previous move...
After the whiplash we all received when bitcoin was like NOOOOOPEEE after spiking through 9,000, i can see the following scenario playing out.
Retracing to between 8,300 and 8,100 which would actually close the CME futures gap which can be seen here -
Also giving us a nice tap off the TL.
We could break further down to the...
We all know BTCUSD has been on a rally during the past few weeks but what goes up must come down especially when looking at the weekly chart the momentum indicator like MACD and Fisher are high with Fisher getting ready to cross onto the downside. So keep this big trend picture in mind then zoom in and analyse the smaller time frame at 4hr, there is a clear...
BITCOIN LOOKS TO BE IN A BULLISH TREND BUT WE MAY SEE SOME SELLING AROUND THE 6500 LEVEL
REASONS FOR ENTRY
- 6500 EVEN HANDLE PSYCHOLOGICAL NUMBER, (POTENTIALLY LOTS OF SELL ORDERS AROUND THIS LEVEL)
- COMPLETION OF AB=CD MOVE
- FIBONACCI 161.8% EXTENSION COMPLETION
- MAJOR STRUCTURE LEVEL, MULTIPLE TESTS AND REJECTIONS AT THIS LEVEL AS SUPPORT AND RESISTANCE
In one hour chart the LongBuyLongSell indicator shows the bullish signal.
Createria of this selection.
1. Volume is more than the last three candle average.
2. LongBuyLongSellIndicator Candle become Black to Blue
3. The Strengthmeter like 1 2 3 P+ D+ UpRaiseLikely is forming below the candle ,This is good indication for long.
Matching the last resistance line...
We are still long on Bitcoin
We are 50 % to our target area from the forecast bounce
We shall be looking for signs of bearishness @the top of our Fib zone
If not we shall stay Long
"It is our opinion ONLY that this is not a trend change
Historically we suggest moves in the market , so new money comes in on a falling stock or pair
only to be left high and dry...