Staring at this chart from a while, it really boils down to this IMO
Wait for the trigger in the either direction before placing big boy bets.
I'm personally leaning lower. Would be a perfect play in the bigger scheme of things.
You do you, Anon
NFA
The U.S. just announced the monthly rate of retail sales in April, recording 0.9%
It hit a new high since January this year, in line with expectations;
The previous value was revised up from 0.5% to 0.7%
After the data was released, the market fluctuated little in the short-term
Consumers will shift from goods to services such as travel and entertainment
Demand...
Nasdaq stopped falling near 11100 last week
Just hit the moon line MA42
This moving average was previously mentioned when analyzing the S&P 500
It's a variant of the Moonline MA84, but it's far from the bottom here
Back to Bitcoin:
<1> The angle of entanglement: it is currently in the divergence section at the weekly level;
<2> Volume and price point of...
Have taken a good short on 42k ranges but it's so slow that it's been couple of weeks & still the target is pending before any good opportunity to trade
BTC is at the bottom of the daily channel and looks like bottoming out with an ending structure completing its wave structure for now and the next move can be towards the upside. If it were to go all the way up then the daily channel target towards the upside would be over 50k.
Bitcoin prediction as per chart pattern
their should be shakeout before breakout/breakdown
shakeout happened now it's time for breakdown
Take trade accordingly with proper risk management
At this spot it generally hard to figure if a retrace is coming after hitting resistance for BTCUSD or if it will continue straight up...
I say straight up.
Feel free to hit LIKE now and let's get started.
Other than the obvious and strong bullish bias that has developed on the Bitcoin chart, we also have a new tool.
( Thanks to @CryptoSoap who mentioned this...
Some Important zones in Bitcoin. Highly probable it will go up after tapping the Moving Average. If in long position, some upper zones to close long position. If not in long position, check for shorts in upper zones or breakout of below zones with assistance of maybe a MACD.
Good Luck!
Bitcoin after breakout mow it is sustaining above 40k and currently consolidating between 41k to 42k range
The consolidation can breakout either upside or downside upto 4.50% away range
could be good Day Trade after confirm breakout
1. The current structure looks very similar to the accumulation structure formed in May-August 2021.
2. The distribution schematic was clear in May, but this time (in November) it was not as clear and seemed like a pullback.
3. Retailers are bearish now since the price broke down below 200MA and a death cross is nearing. This is conventional thinking. Retailers...
btc has been trading within the range of 44285 to 41140
with the pitchfork drawings we can get a breakout trade if, price is closed above 42550
stop loss of 41488 and target of 44768 , risk to reward of 1;2
this could be a positional trade for 5% move it will be depending on either target or stoploss
@TradingView
happy trading ..
BTC prediction for upcoming weeks. According to this analysis BTC is going to touch 33k-34k and make it a a bottom. Once it bottoms out it is going to spend few week consolidating within 33k - 45k and then comes the bull rally to reach 70k
