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btc rejecting 27.2 monthly resistance and forming a double top on daily meanwhile traditional markets, both SPX and Gold closed heavily bearish

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4h is overbought and weekly is in down trend. We gonna dump it the wyckoff style. Those targets will be hit: target 1: 24.2 target 2: 21.6

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Here is a detailed analysis of monthly 20 moving average... poor bullas bought the top AGAIN 🤣

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BTC.D is going back down to 49% after completing 5 waves and an ABC correction topping at around 50%.

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This is a similar setup taking place, mid-point rejected hard in both cases that suggests the dump is not over.

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BTC is rejecting 20 moving average and is looking to break down from the range. The market structure resembles broadening wedge, 3 drives or a failed wave 5. So once it stops making progress with new heights, there comes reversal. Here's what comes next: we gonna dump, bounce and then hit the 12k support.

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Ichimoku is showing the change in trend, printing a red cloud that acts as resistance. OBV also shows that a bit too many bitcoin have been sold. Hence, 28.800 support will be tested. This move will cause a breakout of a 20 day range to the downside. Then the price will head lower to the next support after some kind of retest.

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Enjoy the god tier TA 😤 Explanation: double top formed and 20 ma rejected, divergence confirms the idea

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Here is my analysis of DXY based on the last week close. From this chart you can see that it's clearly rejected at the top and still remains in down trend. Moreover it has formed a certain pattern that only reinforces this view. It is both a triangle like formation that can often be see on DXY and also head & shoulders. Instead of levels I just used fibs as they...

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Pretty much same as oct "19, a wedge setup. Not ATH but a pretty decent retracement is brewing. At this point price doesn't matter as long as your are willing to just buy and hold a bit.

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After a month of consolidation we have a breakout confirmed by a strong 4h close. Let's see if we can retest a modest 0.236 retrace from ATH just shy of 30k.

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Finally we see a clear bearish sign - which is bear flag, hehe - See you lower.

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You know what it is. It's BTC returning to mean. Have fun.

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why bear failed? halvening level (8500) still holds as we make higher lows in a symmetrical triangle, which is a continuation pattern. this is different from 2019 top where we formed a descending triangle.

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hehe hehe

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ah oh.. mah ponzu :-{

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If you draw the symmetrical triangle carefully (that is by using the same angle on both slopes), you can see we are still inside the triangle and this can only mean one thing

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:-<