Most traders look to the Bitcoin chart for direction as to where Crypto is heading as a whole. When looking at the daily it would appear that Bitcoin has a lot of support at 6k and that it could easily sit around these levels before beginning a new bull market. However one should keep in mind that the total market cap of all Crypto assets is more important than...
A month ago, we saw the start of a new rally based on the hopes of Bitcoin ETF's. Many misjudged it by assuming that it will get passed on the first hearing (i.e. 10th of August). Well that's not how Legislative and Regulatory Bodies work in a democratic state. It was pretty evident that whales filled up their short orders at the 8k ranges. The dump has commenced,...
Introduction to Deception 101 - Sun Tzu The Art of War dictates that "Hold out baits to entice the enemy. Feign disorder, and crush him." What I'm trying to convey is that last minute bears might be walking into a trap laid down by market movers. As per Elliot Wave Analysis, we have a final wave down remaining. The ratio of BTCUSDLONGS and...
*Nuclear Alarms going off* "ATTENTION, WE HAVE A LAUNCH DETECTION. I REPEAT, WE HAVE A LAUNCH DETECTION. CONFIDENCE IS HIGH. I REPEAT, CONFIDENCE IS HIGH" Gentlemen it seems that we have a Short Squeeze heading towards us. As usual the greedy bears have opened shorts at the low 6000s. Were they all sleeping when we dropped from 8300? Bulls are getting ready for...
Hey guys, as you can see in the chart we have fallen out of the triangle which shows the market structure has broken down. This leaves us with 2 possible scenarios: 1) We test the 5866 USD line and bounce back up to test 6850 USD (which is the most likely scenario) 2) We fall below 5866 USD and test the next support line of 4341 USD If we bounce I believe it is...
I believe there will be a good opportunity to place a short at the top of the next small pump. I anticipate a price between 6200 and 6300 before the next dump. a, b, c and d show previous ideal shorting opportunities. I am not anticipating the trend reversal and the next small rally until we reach between 5700 and 5000. Beware strong support and a potential...
BTC finally took pause on the strond 1D downtrend (RSI = 34.712, MACD = -154.200) near the targeted 6,082.70 spot (yellow line) and is seen on a three candle consolidation so far. As seen on the chart, the sequence may copy a previous curve pattern as part of the H&S right Shoulder build up. That spike could be an additional short opportunity for those who missed...
as i said before, there is an important curve trend line. we will see an "equal low" or "higher low" .will not exist new "lower low".its end the question is how long does it take to start bullish trend
Watch for: Testing .5 Fib Below BB The BD of ascending triangle Support @ $6211 Resistance @ $6357 Overall: The next target if we keep this bear trend is $5800
The blue price line behind is global crude oil price (Brent Crude Oil). As you see, Bitcoin price movement is mirroring the crude oil price movement. This behavior is especially visible at 5 min tickers. I guess we can utilize the crude oil trend for bitcoin forecast. This also shows that Bitcoin news are lemon. Especially, today everybody said that Bitcoin...
BTCUSD this Crypto instrument is trending down, making new lows Match the colors of the candlesticks and oscillator for ultimate trend confirmation This trade methodology helps traders to identify the overall Market direction. we deliver educational trading scripts to help traders win Follow us.... for Free 7 day Access
Previous rally failed but looking at the bigger picture its to be expected as we are in a bear market after all. We've been getting consecutively lower lows and lower highs since January and the last rally confirms it completely as it didn't break past the previous high and is looking to now sink lower than the previous low of 5800, which I'm predicting to be...
And down she goes! The market is taking quite the blow right now Watch for: Testing .5 Fib $6387 > if doesnt hold then $5900 is next target Falling wedge = possible bullish movement Stoch RSI & RSI are oversold
Follow the instructions as per the chart. Let WMA line (5-blue) any questions, don't heisted to ask.
TP = 6,855 hit as the new bearish leg has been delivered and the 4H Channel Down (MACD = -222.700, Highs/Lows = -315.0176, B/BP = -660.0506) made a new Lower Low at 6,360.5. The chart (4H) is on oversold RSI = 24.655, STOCHRSI = 0.000, Williams = -82.242 and CCI = -220.4171, so I cannot dismiss the probability for consolidation. 1D though is a freefall with 10 out...