Chances are high that White trend line will break and we could test Btc historical support line in ( red ) ( 12500 --- 12800 )
Disclaimer :
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Posting after a long time -
Okey so this cypher is still my Original plan. Invalidation is BTC crosses 25250 before reaching 16.2-15.5 k range. Still the price is almost 30-35 % high from there. Spread is quite high so m still trading levels by levels locally. Daily closing below 20300 will be fine for this plan and below 19200 pivot is increased probability of...
Chances are high we will break Trendline ( white) and crash to $ 12200 within October.
Even We could drop more
" BITCOIN DEATHLESS "
Disclaimer :
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
BTC PA Forecast
HISTORIC REFERENCE
• 50W and 100W EMAs have collided in past also. Every time they have collided, historically a clear bull run starts within 1 month.
RECENT FIRST TIME EVER EVENTS
• 400W EMA Slope, which was in uptrend since beginning of BTC history is now nearly at 0°, which is flat. We are experiencing this first time ever. There is a very...
Confluences
- 400W EMA stands unbreached.
- 300W EMA was successfully recovered last week.
- Yesterday, 20K acted as strong resistance to a huge sell-off.
- Distance between 50W EMA and 300W EMA is now reaching historic "repelling distance".
- Double bottom tap at 18,500.
- Trajectory of 50W EMA is smoothing out.
This is my idea for Wyckoff cycle for BTC-USD. BTC is currently in the starting the accumulation phase, which in my opinion will last next 2-3 months. weekly 200 MA will act as an important support
points to be noted
1. Money flow coming in positive
2. Selling pressure colling off
3. Divergence in VMC and price action
Conclusion-
One more tick down till $17,600. A consolidation for 1-2 months and then we start another bull cycle
From 2015 $BTC closed below 50 MMA for the first time in June 2022 but still hovering above rising trend line support. Till it holds above this can move towards 28750.
On the flip side, MCB below trend line will be very bad sign not only for BTC, even other cryptos will start to collapse. So look out for the trend line on MCB
support at 44MA
the strategy which we use to trading is simple than you ever know.
lets start the thing we bought at level of 44ma taking trailing stop loss normally we target 1:2 but we trail for higher profit with the fix stop loss.
one important thing is that we always follow the trend.
