TheProfitableTrade

TheProfitableTrade

Ok Guys take a look at this price action from December 19th, 2020 to the 25th of December. A six day period. During this time, Bitcoin made 5 attempts over the one hourly chart to break above 24k during which time many shortable pullbacks appeared before Bitcoin successfully broke above resistance on the 6th day At this point Bitcoin is at the 2nd test of 24k...

TheProfitableTrade

2018-2019 - 83% retrace 2019-2020 - 72% retrace 2022-2023 - Your thoughts pleeasse? Lovely trade to you!

TheProfitableTrade

Previous resistance at 2017 ATH Will that hold as support, perhaps. Bearish Technical target seems to aim at previous area of support Bullish Target VERY UNLIKELY. Thoughts?

TheProfitableTrade

After a series of winning range trades. I have determoined exactly where support and resistanceis according to the Soros-Roccafeller Accumulation Zone. It is highly indicative that in the immediate short term the Musky Woods Pump will dump to the exactly where Soros and Roccafeller accumulate. Who's that knocking at my door. Bang... Share this... share this...

TheProfitableTrade

After a series of winning range trades. I have determoined exactly where support and resistanceis according to the Soros-Roccafeller Accumulation Zone. It is highly indicative that in the immediate short term the Musky Woods Pump will dump to the exactly where Soros and Roccafeller accumulate. Who's that knocking at my door. Bang... Share this... share this...

TheProfitableTrade

I'm short immediate short term BTW - but building a long as soon as we whack 32.7k

TheProfitableTrade Updated 

I think it bull.

TheProfitableTrade

Yeah if we normally correct by 30-50%.... we're not there yet XD

TheProfitableTrade

because crypto technicals.....descending triangle bullish break

TheProfitableTrade

Guys, I know, everyone has been discussing the descending triangle but give this a quick look. The pattern forming is a text book Symmetrical triangle. A continuation pattern resulting from the current uptrend which started April 2nd. In contrast, a descending triangle is usually a continuation pattern resulting from a current downtrend, or bear market, which...

TheProfitableTrade

We are supported by the 128 DAY MOVING AVERAGE. Who knows why....but we are... BAKKT opening up will lead to an attempt at institutional shorting followed by a squeeze, retail foam and a new all time high.

02:18

TheProfitableTrade Updated 

During a BTC Bull Market, that is, the current market, BTC uses the 128 day moving average as a support. I feel like a lot of traders are feeling short term bearish when they absolutely shouldn't. Descending Triangle...I get it. But last year's descending trial which broke mega bear was during a bull market. Heres some food for thought. Although a descending...

TheProfitableTrade Updated 

Looks like a Bow-Tie. 11k. LONG.

TheProfitableTrade

In my humble opinion, I can see a symmetrical triangle forming in BTC price action. The consolidation pattern of the symmetrical triangle forms as volume recedes. Then, price breaks out downward, but within a few days, price reverses and shoots out the top of the symmetrical triangle, busting the pattern and leading to a strong move upward.

TheProfitableTrade

You can't more oversold than this!

TheProfitableTrade

the 20 DMA is ABOUT to CROSS ABOVE the 50 DMA When this occurs, a bullish move up is expected :-)

TheProfitableTrade Updated 

4 Hourly SRSI and DAILY RSI SAY BUY BUY BUY!

TheProfitableTrade

Long position should open around 27th of may according to daily. I’m estimating 10 days of sideways movement before the next WTF. OTC desks have been opened for institutional investors and fidelity and TD Ameritrade are set to sell crypto futures on their platforms within the next 3 weeks. A big short position was covered off-book which suggests institutions are...