In this part of the cycle 20% corrections are normal. If a 20% correction forms from the short term top of 68k AUD then 54k AUD is a likely base before returning to its upward run into the halving.
BTCAUD Monthly Chart VZO PZO is indicating it is overbought. Saturday 12th August 2023 Monthly Chart Take note crypto pirate heads, we are on a green TD8. USD Chart - The candle is green so far just above the short MA. So we could be up for 1 more month of upside, if any? Then a 1 to 4 correction leading into the end of the year, which is what we encountered...
As analysis on basis of HH, HL, and candle stick pattern the BTCAUD is going long in this position
BTC will always surprise in each direction. with a lack of earnings and producing anything tangible the price volatility is massive, with a interesting macro backdrop things could really surprise to the downside, but on the other hand if CB's step in with support the old mantra of "don't fight the fed" may come back in.
Warning cross on W-Alligator with ma-50 confluence / ichi
This won't end well for compulsive bears... New ath any moment, but for now be careful of the bull trap anove 39700 USD and keep some funds available if we touch down near 33333 USD, Grayscale is buying at the monthly trendline so anyone one who is dreaming about btc under 33k will be shorting straight into the wallets of institutions that know how to make...
If price needs to fall through the bottom parallel channel to confirm short term bearish count. Long term wave count points higher
Short idea. Learning crypto patterns and pullbacks on the weekend to expand my knowledge. This is just a simple idea using EMA’s to enter a trade.
A very important point in time for BTC with gold/silver pumping now is the time for BTC to show its strength! Looking to break up or or potentially drop back for a retest, holding the 10.5K price will be key here! Currently Holding and not looking to exit due to my belief in fundamentals and the requirement for a digital hedge against monetary policy of...
BTCAUD BUY TRADE SETUP FOR INTRADAY. Please manage your risk. Use Stop loss. And do not take blind entries. If you have a question let me know. If you want to analyze any pair let me know. This is just an idea. What we see. The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
BTC has been forming a large ascending wedge up into the Daily supply zone. Laddered some shorts in
Looks like a inverse HVF setting up on the BTCAUD. Target $8400AUD
Price bounced perfectly at the fib cluster i linked in this post - We have a couple scenarios here. There is a bearish pennant forming, but also a bullish Gartley pattern. I like that buy zone around $6500 and my plan is to scale in at that price, if price action confirms the entry . If the pennant breaks to the downside hard, then I'll wait for next...