if this level fails its doom no gloom, i forecast 75-85k from here stop loss 27800
please see my previous idea titled previous 2020 bull market similarities.
Low volume indicxates a possible fakeout coming, probably to the downside. Losing all moving averages as we speak how low will we go? 27k danger zone (possible buying oppurtunity anything below 27 is scary
lower prices and consolidation, hopefully followed by bulls taking control
see my last published idea, this is based on that i will be trading the range above, the 5% blue box trend prediction after blue box failure indicated by red arrows good luck
The impulse wave and megaphone on a higher candle TF is printing something similar on a smaller time frame, i pasted it down to scale for a better observation. I think the 31st of march will determine trend direction based on if its going to play out the last part of the wave: the ABC leg down, see for reference the blue vertical line. Weekend is notorious...
Interesting formation, measured move is calculated in the chart with dashed lines (lol). Only thing on my watchlist jumping out at me ATM... seeking for shelter in utx (utilities) like $aa etc. (STILL WAITING ON SPY TO TAKE A BIT OF A BIGGER HIT.
We are comparing price action in the charts of GOLD and SPY, just before the 08 global financial crisis. I see many similarities. I think the chart speaks for itself, if you have any questions let me know. Will 'deflation' play a part in the next bear-cycle? Are equities a bubble as Dr. Burry states? What sector will get hit the hardest? What sectors can we...
Historically, price between these green lower level consolidation is a low risk buy for long term hodlers. But as you can clearly see, bitcoin is heading for lower and lower volatility until one day the trend breaks. If you scroll right you can see the bull band and bear band come to a point.... what will happen then God only knows. If lower band breaks and we...
Compare the boxes, we could have more sideways PA. I do believe 29 is bottom for btc. Lots of trading hands. Lets watch $dxy
If we look back at past PA, we can see how MMs break trend to increase shorting to spike in their face.. low volume this weekend could be a nice fakeout setup for monday. targets around 43 mms=market makers see my indicator pvsra volume suite for more definition
We either reverse the bear cycle and get into local highs or melt back into the 30s and possibly discover new relative lows. Next couple weeks will be huge for btc.. Im betting BULL. The bullish targets on this chart are conservative, and for scalpers.
Just pattern watching and note taking. PVSRA volume is open source in my scripts. Price actions looks to be flagging out a bit; mostly watching volume (market makers) and its patterns. Trying to incorporate wyckoff into these charts soon, still learning.
They can do many things; but they cant hide. Ive been trying to find the best ways to see through their eyes and ride their waves. This is the best i can come up with so far. Still working intently on this. let me know what you guys think. pvsra volume
tp 34k. when pvsra volume pink bar is fully recovered. tight stop.
Money pouring out of facebook, into possibly... dwac Daily cup & handle on dwac measures move to 1.618 fibonacci extension Ijust wish the $spy was a bit stronger and not staring in the face of a retracement lower but nonetheless...
hopefully out before the declining vol into weekend
see my last idea regarding spy, history repeats and these vector vpsra candles need to be recovered