It should go something like this and what do you think guys about chart i have made? Disclaimer: I'm not finencial adviser and yes I'm beginner so take it too serious.
Here is monthly chart of FTX:SOLUSD . It shows clear 5 wave impulse followed by ABC correction that is still not complete. Once we get a positive monthly close then we can expect the next 5 waves impulse on the upside that the size of it should be at least same as the upmove of previous 5 impulse waves (1-2-3-4-5). It's a wait and watch game from long term...
Bitcoin is forming bottom, we still have to see more fall towards 16.9 - 18.1 k, that's where bottom resides. Why I say so? there are 2 reasons for it 1- Tech analysis (covering in this chart) showing we have to go down to re-affirm the W pattern in H4 and double bottom . We are still under -DI which needs to be neutralized. 2- Fundamentally and historically...
In this series we are going to trade a series of trades to see the result and at the end I'm going to share the results to stay tuned
In this series we are going to test our strategy on a series of trades to see the results
BTC (Dominance) 1Hr Chart Its Dominance Chart Of Bitcoin It's Forming Descending Triangle Pattern i.e. Bilateral Patter Where It Can Break Both ways If It Breaks Upward ALT Coins Will Be Green If it Breaks Down ALT Coins Will Be In Red
In this series we are going to trade series of trades and see the win-rate for this particular strategy
In this series we're going to trade btc over short period of time and see results and accumulate small profits, make it large eventually
Earlier in my YT i have provided insights that how can one short till 29500 but it actually went way beyond that. I think prior to upward movement to 24500, it can range break to 26500 as well, But any new hodlers i prefer btc might reach 15089 and i think making new assets upto that level has prior more oppurtunity to hold. Now one can enjoy buys above 21400. But...
Bitcoin after the rally from making the lows is under correction and I expect it to go slightly higher from current levels and give another drop below 20k levels which would complete the correction and then a rally higher from there which could take it for the targets of 23k to 25k. One more sharp correction is required to complete the pattern but it can also come...
head and shoulder are still there in our list just that now we assume it to create on a trend line rather than on a support line if it breaks out with volume then we may reject the resistance or else a downward even with the breakout I don't see this as a relief rally yet this cant be the bottom as the volume has not increased much with increased prices in past...
Rsi is indicating and up move in bitcoin in coming sessions possibly although it is the most risky to take now in pf do watch your setup very strictly if you are into this
we may see a bottom W pattern in btc as there was a sudden rise in price which I don't seem to be a good signal as the Binance said that its buying were fake and fear greed index is still in red being such fear in market the volume will be low so we can get to see a rejection at given point and than a fall in price with a further increase if it completes W patter...
$BTC Given range remains in effect with $20,812 resistance holding. $19,894 showing some good support for last few hours, Last 1D candle closed with Doji could prove as confirmation to 1D bullish engulfing from 19 June. Good chance to break $20,812 here, Continue watching given resistance and support areas on the chart.
On June 19, investors reached a maximum of pessimism. Usually at such moments there is a market reversal. In order to confirm it, the formation of momentum in the area of 3400000 is required, after which a corrective rollback will be formed with a high degree of probability. For more risky traders, entry points to buy are present at the current...
On June 19, investors reached a maximum of pessimism. Usually at such moments there is a market reversal. In order to confirm it, the formation of momentum in the area of 25-26 thousand dollars is required, after which a corrective rollback will be formed with a high degree of probability. For more risky traders, entry points to buy are present at the current...
after the successful previous trade, expected price moves plotted on the updated idea. not interested in shorting this, shall wait for the last leg to complete and then go long