BTC formed a descending triangle, Pair is still in Downtrend. Lets see what's next. this is just an analysis not a trade setup.
As described in the video, I think there are break-out sellers and those who sold the supply zone. Trapped in the shorts and market will most likely not give a pullback down until it liquidates them hence I think the inverted supply zone is now support and we are going to hit the buy side this week. Always follow these rules - Accumulation / Manipulation /...
Morning folks, So, everything goes with the plan, although the upside bounce that we've discussed is stronger than we thought. It means that bearish long-term patterns are still valid, say on monthly chart, we do not consider short entry right now. Vice versa, there are a few bullish patterns might be formed intraday. First is reverse H&S with 67K neckline,...
As can be seen in the 15 minute chart, the volume profile point of control is centred in the middle of the Active Trading Range and price is building 'cause' in Phase B. At this point we have both a spring and price subsequently trading higher in Phase B therefore the balance of trading so far in this phase is neutral and there are no clear indicators of...
#WyckoffMethod #BTCUSDForecast Following on from yesterday's trend analysis the reaccumulation trading range on BTCUSD is beginning to take shape (most prominently) on the 15 minute chart (30 minute chart shown) where the POC is within the centre of the trading range. Irrespective the 30 minute POC (shown) is acting as support confirming the bias of the trading...
LATEST May 6 2024 - Forecast BTC EXTRAP CHANGED AT 2AM - more bullish now
I expect it will continue within this channel until the next euphoric breakout of the topside - which does not preclude wicks through the lower channel line as we've just had, or full temporary breakdowns to a lower support, prior to the blowoff top.
- DAY is swing bullish => current is pullback dow The recovery wave of the day is the down wave of frame 4 hour The down wave of the daily timeframe ended when the 4-hour chart turned bullish. - 4H is swing bearish => current is pullback up.
Because of the low volume i expect bitcoin to hit about 67000 and drop, which is about 23% above the most recent 8000 drop that started at 64700. From there several possibilities. It retraces down to between 59000-61000 and takes off upwards. Or it hits that price range (59000-61000) makes a small correction up for another move down, to break 54000...
May 6 2024 - Forecast "back and to the left.... ..back...and to the left" Yesterday's forecast was was broken through (up) - wouldn't mind seeing my forecast be wrong like that again
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Daily Forecast. Weatherman not responsible. :P Sideways movement testing local support zones.
Hello everyone, what are your thoughts on BTCUSD? Taking a close look at the technical chart, BTCUSD is currently forming a cup and handle pattern, and the price continues to follow an upward trajectory as per the long-term trend. It is anticipated that in the near future, the price could reach $90,000 as it approaches the ascending trendline formed by the...
Looking for a retest of the major area of support at 61,622
By mastering the art of decoding naked charts, free from the distractions of indicators, you'll unlock the secrets of the market and gain a profound understanding of the game. Many people tend to over analyze and complicate things. The truth is no one knows what direction the markets will go until price reveals its secrets. Price breaking above or below the red...
Possible targets. BTC might be managed between the contraction value line by BANKS & FINANCIAL INSTITUTIONS. ADR value reading is between $61k to GETTEX:64K zone.
BTC is likely to decline over the next 12 months. However, after an estimate 2022-09-11 date, it is very likely to being increasing based off off the extended long-run historical data and trend.