BTCUSDT pullback(exhaustion) or beginning of an uptrend with ATHReasons to short BTCUSDT -->
1) Downtrend's pullback, build up of bearish flag pattern
2) Multiple resistance to clear
3) bounce from resistance with no clear signs of follow up buying
Reasons to long BTCUSDT -->
1) Price showed bounce from support with morning star doji in 4H timeframe
if you are willing to short wait for confirmations like:
--> candle close below support + bearish candlestick patterns + follow up selling
if you are willing to long wait for:
--> candle closing above black trendline with multiple confirmations
take profits are in the chart for both positions
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)
Btcbullish
BTC wait for longs and shortsAs, we see BTC/USDT has been consolidating from last 14 days, so
1) If BTC/USDT breaks green trendline than it would be good to short on retest, and it is also forming a flag pattern (which is a continuation pattern) so we might see big correction with minimum 10% of move downside
2) But if bulls manage to break out of this kind of side-wise trend than it will show big move upside
So, huge moves are coming, if we break this sidewise trend (probably downside)
price might consolidate(or retest or take pullback) before breaking out
(Don't open any position on wick)
(Don't take trades based on this idea, even I don't trade according to my idea)
(Do your own analysis)
(NOT A financial advice)
(High chances of loss if you follow my idea)
BITCOIN's Gonna Make Everyone Think , Its Gonna Crash to 20/30KAs you can in the chart I published, there is a lot of confluences around 47.2 to 49.5K
# Just imagine, whole world expects BTC to cross 100k,it will be a huge mile stone in history. As its gonna bring everyone attention to BTC (crytpocurrency) from East to West.
# For BTC to cross 100k, it needs a hell of volume. At present, u can see there is a declining volume from May. There are lot of whales waiting around 47k to 52k with some great patience. That's the liquidity BTC needs to pick to cross the ocean of 100k. For that, we need atleast 25 -33% correction from 69k top.
# Mark my words, once btc taps the liquidity of 47k to 52k, its gonna go parabolic. its gonna pierce each and every resistance.
# But before that, its gonna make everyone heavily bearish, and many are gonna heavily take short positions which is a additional bonus for the btc liquidity.
# Don't just fomo, if btc just suddenly gains 3 - 5 %, its all just a fakeout to tap the liquidity to go down to 47k to 52k. 50k is a very big psychological level, there is a lot of liquidity around that level.
# Money always flows from the impatience to patience. # Master Patience.
Technical Analysis Confluences.
1. VAH from the bottom of may correction
2. Anchored VWAP from sep bottom
3. ABC correction /21 week EMA
4. 0.5 fib from July bottom and 0.66 fib from Sep bottom.
5. Trendline from May bottom & Trendline from March 2020 touching May bottom on log scale.
Just put all these in your cahrts, and see, how beautiful all these magical confluences are!
BITCOIN extremely bullish wave countIf we reclaim above 50.2K this will be my primary / most probable count where we still haven't completed wave 1 of bigger wave 5 and are currently in wave 5 (yellow) of 1 (orange) of bigger wave 5 which will end around 59-61K region and will give a retrace towards 40K region where I would expect price to take out that liquidity I mentioned on chart before starting a monster wave 3 towards 120-130K and then retrace for wave 4 towards 80-90K and then last leg up towards 150-160K.
Reason due to which I think this will be most probable if we reclaim above 50.2K is because if you compare wave 2 and wave 4 in yellow then you'll they are almost took same time and also are of almost similar length on log chart.
Falling wedge on ETHI’m currently seeing a falling wedge on the 4h. It’s clearly visible that we got a rejection on the 3388 level. I think that if we break out of the wedge we will hit the technical target which will be at around 3500 approximately. It looks like we found support at the 3248 and 3199 level approximately.
Keep in mind that we’ve also got a bullish divergence as indicated by the yellow line. If we see a breakout I’d like to see a lot of volume coming in because of previous support and resistance at the 3388 level approximately.
This is my publication #17. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know and do not hestitate to send me a message and to leave a comment! I’m also just a trader.
BTCBULLS Stay Alert !!!!Recent price drop in btc wasn't a surprise for me as I was talking about 52-53K top from a while from both bullish and bearish perspective but now Bitcoin bulls need to be alert coz this bullish count which I made for bulls will be invalidated if we do close a 4h candle below 42.5K and that would indicate bigger ABC is almost 90%on the cards while on the other hand if we close 4h candle above the recent high of 52.9K bigger ABC will be out 95% out of cards. So be alert in next few days as you'll get clear direction of market for coming months in next few days.
#NFA
Markets trading above the golden pocket As per the crucial fib level we are already trading above the golden pocket in the monthly candle, but what's worrying is the srsi is trading in an over bought area which is a clearing indications that market may make a passive high this month but either in Dec or Jan market will start falling