Guys, it seems like everything's not lost! Take a look at the 4H BTC chart, before today it was a symmetrical triangle, and described it in my latest trade idea. I also made a good SHORT from the upper side of that triangle. But now the picture had changed and the previous pattern was canceled. Please welcome an ideal Bullish Flag with great LONG potential. RSI...
After a massive drop yesterday BTC stopped on 42700 and bounced up a bit. Surfing Twitter today, I noticed CZ's post from the Bitcoin 2022 Conference that took place in Miami, FL . The interesting part is that BTC has bounced exactly on the time CZ twitted. Is it a coincidence? I do not think. CZ is the biggest insider and crypto influencer, at the same time he...
Hi friends! Recently I discovered a classic trading pattern on the BTC 4H chart: Bullish Symmetrical Triangle. The Symmetrical Triangle is a continuation chart pattern - usually, the price breaks out from the upper trend line in the direction of the prior trend. Everything's on the chart: - Beautiful Triangle: we can see how it is formed in an ongoing uptrend -...
Take a look at the chart: - Are we in the bull market now? - No. - Can Luna grow infinitely? - No. - Did Luna reach ATH? - Yes Is it time for healthy correction even considering this uptrend is going to continue. The factors I considered: - Recent ATH must be corrected - Overbought oscillators (Stoch and RSI on 4H TF) - Price just touched ascending channel's...
After breaking down a new weak uptrend the price dropped and also broke MA200 on the 4H chart. Those and other signs are pointing to the strong bearish scenario. The question is - how deep will we fall? The next stop most likely will be 37000, with a small chance to bounce back to 39000-40000. Thus I'm bearish now. P.S. But be careful, when on the market too many...
Dear friends, I'd like to share with you a very simple and clear short setup I'm gonna trade. Seem like we're ranging in 44000-47000 area, in the midterm I believe BTC is going to reach 51000 during the next week. But for not there is not enough power to jump, so we need to reload by moving to the bottom of the current range till 44000-44500. This is my own...
Another exciting thought about BTC's next move: just take a look at what happened in August 2021 after the price has reached 200MA from the bottom. May history repeat this time? SHARE YOUR THOUGHTs, FRIENDs! P.S. Also I believe healthy correction might take place before moving upwards. Or not.
Friends, I would like to share with you my trading idea - a potential bull flag with a breakdown of 50-51K. Let's consider the following factors except for the classic bull pattern we observe. 1. After the last breakdown and ranging trading volume has significantly decreased which means power accumulation. 2. Meanwhile Volume Profile shows that the accumulation...
There is a developing bullish pattern "Bull Flag" and a very clear bullish divergence. We need to wait for the upper breakout or bounce from the lower support line. Let's see if this will play out today.
This is my bet on the overall trend after the Election Day
This is mine personal vision and prediction I want to believe in.