Firstly, congrats to bulls. Well done.
I quit on my big short attempts on this a while ago (And in general am trading smaller in crypto because why pay big spreads when the FX etc markets are moving so much and almost free to trade) but this looks like the spot to try again.
I still maintain my thesis this is a bull trap in a developing downtrend.
This "Cup and Handle" pattern appears to have more validity as time goes by with Absolute(A) and Bulkowski Up Targets as per chart!
Bulkowski Cup and Handle Pattern:-
thepatternsite.com
A strong bullish sun shines ☀️ over the global crypto market in the next 24 hours, indicating upside potential. Binance Coin bucks this positive trend with cloudy bearish trading conditions ahead, ATTMO indicates.
Bullish trading conditions will also prevail over a one-week horizon, with additional upside potential for altcoins as well as both major...
Bitcoin has been on an impressive winning streak for the past two months, seeing its market cap dominance rise more than 8%. Furthermore, today, it broke above $42,000, hitting values unseen since April 2022. While that is getting bulls drunk with greed, a few developments stand out to us. By now, probably many of you know that we have been tracking the number of...
Market analysis suggests a potential correction in Bitcoin's price range, with expectations ranging from $41,400 to $39,400. Investors are advised to monitor the market closely during this period, as corrections are a natural part of the cryptocurrency's volatile nature. Stay informed for strategic decision-making. #BitcoinAnalysis #MarketCorrection
My 1 week long indicator finally has appeared. This is bullish signal for me. The cycle bottom indicator was also right even though we had a bearish fake out to the down side, bulls took over and been on a upward momentum ever since the cycle bottom indicator 6/13/22. This is my accumulation area for a long trade to the upside and my sell target in the sell box....
I see a huge Cup and Handle! Btc has to break $30100 with a weekly close above. seems like a very long term play buy looks promising. I have my target around 55k to be safe long term play
Hello Traders,
Disclaimer: I don't trade crypto but this is my technical analysis of the currency...
I do expect to see price get to that level. Interesting to note, is the buy-side liquidity we have on the 4hour timeframe.
Let see how this goes.
Cheers,
Jabari
This count is based on my assumptions so anything can happen not a trading or financial advice just for fun only kindly do your own ta thanks trade with care good luck.
Market looks toppy, I was hoping to get 42k, but I'm happy to close around 38, going to patiently wait for a new entry around 20k or lower and go all in for the next cycle. hopefully the oportunity will come in the next couple quarters. Good luck, see you at the bottom.
December begins extremely optimistically for the cryptocurrency market, resembling:
→ December 2020, when bitcoin grew by 46.9%;
→ December 2017, when bitcoin grew by 38.9%;
→ December 2016, when bitcoin grew by 30.8%.
If there are psychological patterns in the increase in demand on the eve of the holidays, then perhaps they come into force, since on the morning...
This chart is simple. However there are some interesting points that i want to share with you.
FIRSTLY
In every bear market the drop from the top to the bottom was:
- First Bear Market, Top-to-Bottom -87.19%,
- Second Bear Market, Top-to-Bottom -83.97% and lastly,
- Third Bear Market , Top-to-Bottom -77.49%
It looks like in every new bear market the drop...
