BTC has broken out of the down trend it has followed from 48k to 17.6k that I discussed in my previous idea which I'll link below. Though we have broken out the channel, how do we confirm a bullish sentiment for Bitcoin? Refer to the CHoCH(Change of character) which marks a confirmed change of trend. Here are the key levels needed for me to feel confident in a...
As I put aside all news and prior catalyst and focus purely on the Price Action of Bitcoin, my analysis shows that BTC has not yet confirmed a Bullish sentiment. BTC still has not broken out of the channel it has followed from 48k to it's recent low up 17.7k, with that being said I need to see a break of structure to the upside to feel confident taking any...
We saw a nice expansion from Bitcoin following the Power of three on the HTF. This is me just testing the strategy, I could be so wrong here, But let's see...
Afternoon chaps and chapettes, we are looking at STAN forming a multi-year descending wedge, if we break out we should see some nice upside. RSI has worked its way out of resistance from circa 2007. Will go into more detail zoomed into the daily. UK banks have the lowest exposure to Russia comparable to the rest of Europe, Standard chartered has no direct...
!!This is the moment!! Can we hold?!? - Confirmed Top - Red Micro Dot (bearish) - Fake Squeeze Breakout (squeeze + reversal) - Squeeze Breakout + Weakness Arrow Signal
I know it's been pretty dull for BTC lately but I see possibility of 50k levels to come soon, confirmation of strong bull trend will be when bottom indicator moves above 0 or yellow line. One reason for above observation is that lately price action has been compressed and I feel its an indication of big player interest area, do not be surprised if current...
Analysis based on HTF chart of Bitcoin. Bearish flow given Breaking out of Volume range of last and current year. False break and long setups pending on reclaim of 32660 (DH)
Here come my thoughts on the Bitcoin situation at a macro scale. 3 deviations (65k, 67k, 69k) to bait longs and tap liquidity in the market. We are clearly in a bear market on the HTF and I don't expect it to be over any time soon. Many sucker rallies happening but don't forget that these easily fade quickly in a bear market. Since the beginning of 2022 Bitcoin...
Nice bat forming at a historical Ice line form way back when. Divergences are forming on other oscillators but Class A reversal divergence is on the RSI
$KBR - displaying an ascending triangle pattern & HTF after surging +27% from its wedge breakout in feb. range is tightening up over the past 3 weeks with the overall market weakness not reflected in this name. strong growth in revenue numbers in both QoQ and YoY.
$HRT - 6 months into its IPO. latest post ER trading on 22/3 displayed an episodic pivot (@PradeepBonde) behaviour. currently a HTF setup with declining wedge pattern on lowering volume. key level to be taken out coincides with VWAP from IPO and ER, and a flattening 10MA at $16
Platinum is consolidating after a breakout of a descending triangle that spans two decades. Eyeing a breakout of descending channel. RSI approaching bullish territory. Volume is very strong and has been since the retest of triangle pattern . Will be looking at buying all dips on weakness.
I see liquidity that taking all push it down and then touch my OB to go up to HTF. I missed my entry but it's okay there will be another chance to B/S Good Luck guys!
If you use the peak of 2013 and 2017 for a trendline, you'll notice that we are using it as support for the current bull market in 2020
$AN has been in my WL since nov'21 throughout its decline. eps and sales growth is impeccable, there is nothing to fault by the look of both QoQ and YoY growth RS flatten from late dec, diverging from declining price. this week broke out of wedge. to reclaim VWAP for entry.
$TXRH operates and franchises restaurants under Texas Roadhouse breaking out of its second HTF, & VWAP from ATH on its wkly. RS bullish divergence from dec to feb is reflected on daily. one could position this on wkly as a hedge if you are overloaded with O&G & commodities name
$RADA in aerospace and defense industry, the leading ig now. they offer defense tech, and sells electronics to air forces and companies worldwide wkly acton is a HTF spanning 2 yrs. broke out of VWAP from 52-weeks high yday with +250% ATR and +400% avg vol. key pivot at $13.50
I think is obviously bitcoin will reach $2m next cycle?