Two possible setups: It looks simple, doesn't it? Tomorrow is Weekly Closure. if we see another rejection the short setup is valid in case a doji is printed which means we might need to wait 1 more week, otherwise be a bull with big balls! Not a trading advice just our thoughts! Cheers MM67 TRADER TEAM
Not Convinced; I think the stock to flow model is great, but let's look at real data before we continue to put our faith in it. For example - Gold has a similar concept, in regards to bitcoin and other cryptocurrencies. Yet, when we adjust price with inflation, there is still extremely long periods like 1981-2006 where price didn't budge. And, if we look back even...
Trend line following our 10.5k run is perfectly in tune with us now. We had a 109% bull run! Lovely! Now... This is where things will begin flipping. Loaded my short just under 7600 from yesterday and still holding on to her. Might be holding this one long term. More side trades for short term scalps. Hope this gave some new prespectives. Happy Trading!
Just a pattern that I noticed looks pretty similar. Not a sure thing, but its something to think about.
Hi everyone! This is not a financial advise to buy or sell bitcoin its is my personal trade and i am sharing this for my record and for educational purposes i am not a professional trader, i am also learning in this chart btcusd is forming rising wedge pattern according to this pattern we are bearish MA 50 and 200 had crossover which is bullish so i am expecting...
Bitcoin's bearish flag is still running and soon bitcoin is going to follow other markets due to world's panic caused by corona virus. Correlations shows that Bitcoin had a day off from the market crash and soon will be corrected. I'M NOT TELLING YOU TO BUY,SELL,OR EVEN HOLD YOUR POSITION IN ANY WAY
why Bitcoin it'll dumping again? 1 : Btc have bearish engulfing on Weekly 2 : We've now Bearish flag and when break it down the stick of flag touch old bottom 3 : Bitcoin Had correction And touch massive Resistance 5800 equal 0.5 fibonacci and bounced. 4 : Btc Trading now under 200 Ema weekly and we aren't brouck it 200 Ema since 2013 5 : The world in crisis...
There was heavy resistance on the monthly Ichimoku Cloud as the base and conversion line were at the same spot. Being rejected, there is a high probability, that the price drops and the cross of the two lines is being confirmed, a bearish signal. Furthermore we have the cloud, which is extremely narrow and therefore easy to break-through. The lagging span (green...
After the last two attempts to break through the 9500 USDt wall, it seems that the price may return to much lower levels. The low volumes are moving towards lower and lower positions (from 9500 to 9300, to 9100 USD) and it is therefore probable that a "panic selling" can be expected in the short term. If this condition had occurred, the price chart could perform a...
Bear flag hasn't gone anywhere. 8.7k level has barely been holding. Looks like more downside to me.
I dont think we bottomed at 3K. maybe we will have another lower high with halvening fomo however longterm we are going down below 3K.
We are approaching a MAJOR resistance cluster. Get ready to short!
If we're to mimic the previous cycle - this fractal matches it. Publishing this to watch it play out. It ultimately leads us into a drawn out wyckoff accumulation pattern below trend resistance while holding the 4k range as support to create the trading range. Scary! Possible. Never neglect all possibilities. It'l burn ya if ya do!! With the US economy...
Bitcoin has entered the Reload Zone (green square) yesterday , and as we all know , it broke the trendline a few weeks ago. We can see on this chart that bitcoin has bounced of the trendline. We can expect a retracement on the 0.382 or in reload zone of the last wave (red square). We could have a Shark Setup if it goes back in the reload zone (red one) .
We expect BTC to reach the reload zone OR retest the previous V-bottom. Bitcoin has done a counter trend rally so institutionnals can short . We can ecpect it to go to the reload zone (green zone) and we'll see what happen next. DO NOT SHORT AT THE MOMENT, THIS IS A NO TRADE ZONE FOR ME.
Still within the bear flag. Possible bounce at 7,5k Euro in the next 4 days. 3 cycles with regular divergences on the same periods. Now enter into the 4°cycle.
BTC Upper wick formed on the daily. The past 2 months, once a long upper wick is presented, it showed us the top has been reached and a reversal is pending. I would expect a huge sell-off from there. Notice after both upper wicks, there was a 30% drop. It's very likely we may see the same results once again.