🎯 I focus on Modern Elliott Waves (Neowave) because this strategy gives me objective to start entry and stop levels. #BTCUSD 📚 According to the Wave Theory: wave 4 cannot cross generally the bottom of the 1st wave in impulse waves . So, we can use the bottom of the 1st wave as an invalid level for a bearish outlook 🤓 Such trades give a limited risk, and the...
Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Today's post will focus on the micro 15Min Timeframe. After rallying from 31K to 41K, price attempted to break higher but got rejected at the 41K level. In...
Hi guys, this is OG back with another Bitcoin update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Market Recap: Bitcoin went on a massive rally this weekend. Not only did we break out of the W bottom neckline at 36.2K, where I called for a long in...
In yesterday's post, I mentioned that Bitcoin broke out of the inverse head and shoulders pattern after we got a bullish RSI divergence and that it was a good place for a long with a price target of 36.5K. That price target has been met, with price rallying as high as 37.5K. Price is now back within the symmetrical triangle and above the 200MAs. This is one of...
Bitcoin has been stuck in a symmetrical triangle after the initial head and shoulder breakdown from the ATH of 64K. While we might have preferred for Bitcoin to break to the upside, we noted that the false breakout to the upside that we did have substantially increased the likelihood of a break to the downside, which is what has occurred. Price broke out of the...
Bitcoin has been struggling to get above the 40-42K region of resistance, and in fact printed a head and shoulders pattern. It has just broken the neckline of this head and shoulders pattern @ 37.5K. Price could potentially fall to 33.5-34K based on the target from the Head and Shoulders pattern. Please exercise extra caution. As always, everything is just my...
Price Action Bitcoin has been in a sustained downtrend since the break of the Head and Shoulders pattern at 42K. Since then, support has been continuously flipped into resistance, as we can see at the 42K level and at the 38-39K zone. As Im typing this, we are once again in one of these support/resistance flip zones. 35.5K was the last point of breakdown, and we...
Hi Tradingview Crypto Community! Latest Price Action: Bitcoin is again showing signs of weakness as I am typing this. Yesterday Bitcoin attempted to break above the critical $38-39K support and resistance flip zone on 2 occasions and got rejected both times. The second attempt price actually traded within the 38-39K zone, giving temporary hope to the bulls,...
Bitcoin broke down from the symmetrical triangle and closed below the 38-39.5k zone. Consolidated there for a little bit before moving down a second leg (very typical after an initial large break of structure) down to the golden pocket of 34.5k, where it has had a nice bounce. It is now retesting the point of breakout at 38k. Bulls need to close above 38k in order...
Bitcoin forming a symmetrical triangle / bull flag. Very important to see which way this triangle breaks. Especially since it will line up with the horizontal support and resistance zones that we laid out.
Bitcoin is at a critical price zone of ~$40K, which way price breaks will likely determine if we can continue the bull run or if we will start a prolonged bear market. Taking a look at the charts, we see that after price broke down from the $42K level of support, price rapidly collapsed down to $30K. Price then rapidly recovered in a V-shaped recovered back up to...
If Bitcoin manages a daily close above $43K, we will have a massive bullish engulfing setup on the daily timeframe at the 200MAs. This could potentially be a great buying opportunity unless the whales decide to fake us out again. As the markets continue to develop, I want to share with you my latest thoughts and how im personally positioning my portfolio. This is...
We might have potentially just bottomed on Bitcoin. We have two main indicators confirming this. For one, we have a bullish divergence on the 4H timeframe where price is going down but rsi is moving up. Secondly we just had a false breakdown setup where price closed below support of 43k just to bounce and close above 43K, likely creating a bear trap. I’m...
Bitcoin is currently in perhaps the most critical point it has been during this entire bull run. It has technically printed lower lows and lower highs after getting rejected at the golden pocket. There is a lot going on, both from a technical and fundamental perspective, so I will break things down one at a time. From a technical perspective, we see that Bitcoin...
Market Overview Price Action: Bitcoin took a large dump after establishing a new AllTimeHigh @ $62K. It has found a temporary bottom at $53K, but is still at risk of a larger fall unless we start to break some resistance levels to the upside, including the 200MAs, the upper end of the ascending channel, and finally the 61.8 Fib. Patterns: There is an...
Market Overview Price Action: Bitcoin continues to inch slowly, but surely, upwards towards the AllTimeHigh of $58.4K. In fact, price came within a couple hundred dollars of the ATH. The fact that price is retracing but not collapsing from the retrace indicates that so far there hasn't been a major rejection from that resistance level and that we are likely...
This Diamond formation in H1 will likely surge the price violently weather up or down, bets are open I go long personnally. Safe trade, don't bet like me and wait for breakout for confirmation. Cheers !
Hi guys! I will be sharing the trades that I take in real time, follow to see how my trades work out! If you like this post, please support me by clicking the like and follow buttons. Also feel free to share your thoughts and analysis in the comments below! And don’t forget to check out my daily analysis on Bitcoin, Ethereum, and Altcoins! Market Overview ...