They say the trend is your friend. However, the price action is very bearish at the present time. I have been bearish since this move down to the current level. I believe that price is likely to break the current consolidation and move to the downside. A move below $59,000 would continue to $47,000 and then potentially much lower as I have already outlined in my...
I haven't updated in a while. I'd like to remind you this is a market controlled by greedy players with lots of money and control over futures contract. Yes the holy Bitcoin event is coming up, but wouldn't it be a great business idea for players with big money to nuke the price, show that there is demand below, and send the price flying back up? It's the hit 'em...
This trade idea is an update to my previous two. The price action is telling me that the bulls are losing force. As I said earlier today, if price fails to clear above $43,497, I believe the $37,400 region may be in play. $37,400-$34,900 may become a consolidation zone before the next move. If price fails to continue upwards from this consolidation zone that I...
In my opinion, failure to push above here could introduce a dip down to $37,400. This trade idea is not financial advice. I am not any kind of financial advisor. I am a stupid degenerate gambler. Please do your own analysis, responsibly manage your risk, and stay safe. Thanks for hitting the like button!
Just showing off my love for the game. This is a lower timeframe idea that I shared online earlier. Sharing it here on tradingview. This trade idea is not financial advice. I am not a financial advisor of any kind. I am a stupid degenerate gambler. Please do your own analysis, responsibly manage your risk, and stay safe. Thanks for hitting the like button.
On the previous analysis we commented on how Bitcoin could make another high, however - the upside is limited. After rejection from the weekend and a recent break of structure to the downside - it is pretty much confirmed for lower movement in the Bitcoin price. Look for solid zones to short from, as directionally - the downside is the most likely in this...
The upside for bitcoin looks to be running out of steam. With a strong divergence on RSI and a wave count that favors downside impulsive move, it looks as though bitcoin - at least for today will see lower pricing. If the immediate swing low doesn't hold, we could likely assumed a wxyxz pattern will not hold and that these are all impulsive waves to the downside;...
I have watched the price action over the summer, but it's clear that the money has dried up. I expect a soaring dollar to cause a lot of pain. In my opinion, after breaking the low of $17622, Bitcoin will trade at $10,900. Bottoming would likely take place between the $4000-$7000 range. In my opinion, it's better to look for trades in other markets until price...
In my opinion losing $19,000 would continue the downtrend. $13,000 next stop, before multi year support @ $4000-$6000. Keeping an eye on $DXY as it may go on a year 2000 style run and cause a lot of pain. This trade idea is not financial advice. I am not a financial advisor of any kind. Please do your own analysis, responsibly manage your risk, and stay...
This trade idea is to update my thoughts of the macro picture I believe is at play. I had previously warned of the consequences of $SPX losing $4050 support and we are seeing the effects in crypto land. Now let's get to the business at hand: In my opinion, $32,658 will act as strong resistance. In my opinion if support at $25,800 is lost, the larger move will...
This trade idea is an update based on recent price action. Previously, I had warned of the consequences of $SPX breaking $4050 support. At present, in my opinion, the price is headed for a test of $20,000. At the $20,000 area there is a chance of a bounce to $30,000. However, I believe the price will inevitably retest the $4000 - $6000 region, which is where I am...
Bitcoin just reached to 200 daily moving average and also the D point of multiple harmonic patterns ! In these prices we see lots of long analysis after the moving average is violated , but I think this is a good place to take a small short position and reduce a little bit of other open long positions that I have , such as Hbar or Doge , see the analysis in...
In my opinion, the recent Bitcoin rally has brought in a lot of excitement, which is great. However, the bulls did not apply much pressure. As per my update yesterday, I believe a retest of the $41,000 area is in the works. However, I believe that a failure to hold that level would lead to furthr downside to near the January 2021 open at around $28,720. That in my...
There's been a lot of excitement in the market, announcement about Saylor buying. However price is jammed. I am seeing many alts also jammed up. In my opinion the price is likely to go for a dip down to $41k's. My view is that by the time the three day candle turns bearish, a lot of damage will already be done. It is probably a good time to manage risk and make...
Noticing slight bearish divergence on the 1 hour chart. Taking some profits on my open positions and opening a small short position. Divergence alone is not enough to dictate the next movement however I feel a slight pullback is imminent. No Targets in place at this time.
n my opinion, the bulls need a move above $43,050 for a retest of $48,500. The price, currently, is bearish and - in my opinion, likely to test $37,600 for support if the low at $40,500 is broken. I believe it is a good time to prepare for further downside. If support at $37,600 is broken, the next supports - in my opinion - are $32,900, $28,200, and $19,798 (2017...
I see strong signals both on daily and weekly graph of bitcoin. Profit targets: 51200 48800 44000 stoploss: 69100 Have a nice day, Berk.